KLCI Stock - LPI / 8621 - 2010 Quarter 1

Market Cap : 1,917,151,860 (11 April 2010)
NTA per share : 6.5423
P/B : 2.1124
Liquidity Ratio : 1.9769

OSK Target Price: 15.9 (09 April 2010)
My Target Price: 13.91+0.675=14.59 (PE 13.5, EPS 1.0303, DPS 0.675)
My Decison: BUY
My Comment: Dividend per year around 5%, revenue growth
My Risk Rating: LOW

My study based on 2010 Quarter 1 report (number in '000):-
- The Group's revenue increased by 11.5% mainly due to higher gross premium underwritten. The Group's profit before tax increased by 15.6% mainly due to higher underwriting profit
- Compared to preceding quarter, the increase in the profit before tax for the said quarter was mainly due to higher investment income received
- Estimate next 4Q eps after 2010 Q1 result announced = 1.0303(10% grow from 0.9366), estimate PE on current price 13.82 = 12.76(DPS 0.675)
- Estimate next 4Q eps after 2009 Q4 result announced = 1.0533(15% grow from 0.9159), estimate highest/lowest PE = 12.94/11.53 (DPS 0.675)
- Estimate next 4Q eps after 2009 Q3 result announced = 1.0253, estimate highest/lowest PE = 13.23/11.16 (DPS 0.74)
- Estimate next 4Q eps after 2009 Q2 result announced = 1.0204, estimate highest/lowest PE = 11.43/10.25 (DPS 0.74)
- Estimate next 4Q eps after 2009 Q1 result announced = 0.979, estimate highest/lowest PE = 10.88/8.63 (DPS 0.85)

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