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Friday, April 23, 2010

KLCI Stock - ASIABIO / 0150 - 2010 Quarter 4

Market Cap : 250000000*0.08 = 20,000,000 (Small)
NTA per share : (32206-6139)/250000 = 0.1
P/BV : 0.08/0.1 = 0.8 (Undervalue)
Forecast P/E now : -
ROE : 1.76% (Low)
DY : -
Fixed Asset Turnover(1 year) : 0.1074 (Low)
Liquidity Ratio : 6524/172 = 37.9302 (High)
Receivables Collection Period : (364+1037)/2/(3476/365) = 73 days (Acceptable)
My Target Price : Not interested unless revenue and profit increase
My Decision : NOT BUY
My Comment : Low ROE, bad cash flow, low debt, strong cash, navps remain same, cost of sales not stable, low volume
Technical Support Price : -
Risk Rating : HIGH

My notes based on 2010 quarter 4 report (number in '000):-
- The main contributor of the Group's contribution were from profit from Nexfuel and share of profits from associated companies
- No estimate next 4Q eps after 2010 Q4 result announced

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