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Tuesday, March 2, 2010

KNM / 7164 - 2009 Q4

NTA per share : 0.05

OSK TP: 0.9
My decison: Not BUY
Reason: Overvalue, revenue dropped, loss

My study based on 2009 Q4 report (number in '000):
- Compare to the previous year, the lower performance in this period is reflective of global economic slowdown and lower utilization of capacity
- The loss being recognised for this quarter is due to global economic slowdown, revaluation of properties, provision for foreseeable losses and higher operating costs
- Estimate next 4Q eps after 2009 Q3 result announced = 0.0081*4 = 0.0324, estimate highest/lowest PE = 11.67/9.39 (DPS 0.015)
- Estimate next 4Q eps after 2009 Q2 result announced = 0.0181*4 = 0.0724, estimate highest/lowest PE = 11.67/9.39 (DPS 0.015)
- Estimate next 4Q eps after 2009 Q1 result announced = 0.0250*4 = 0.1, estimate highest/lowest PE = 10.45/7
- Estimate next 4Q eps after 2008 Q4 result announced = 0.0214*4 = 0.0856, estimate highest/lowest PE = 9.7/3.56 (DPS 0.015)

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