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Thursday, June 17, 2010

KLCI Stock - LCL / 7177 - 2010 Quarter 1


Listing Date: 08.01.2004
IPO Price: 1.500
Market: MAIN
Par Value: 1.00
Major Industry: Construction
Sub Industry: Engineering & Contracting Services
Market Cap : 143132300*0.125 = 17,891,537.50 (Small)
NTA per share : Negative
P/BV : Negative
Forecast P/E now : Negative
ROE : Negative
DY : Not applicable
Fixed Asset Turnover(3 year) : Very low
Liquidity Ratio : 114714/508793 = 0.2255 (Very weak)
Receivables Collection Period : Not interested
My Target Price : Not interested
My Decision : NOT BUY
My Comment : Revenue almost stop, big loss, negative equity, high debt and still increased, bad cash flow, PN17
Technical Support Price : Not available
Risk Rating : HIGH

LCL Corporation Berhad is an investment holding company engaged in the provision of management services to the subsidiaries. It operates in five segments: interior fit-out services, which provides interior fit-out works and services, including project management, design and consultancy, procurement, construction and installation; manufacturing of furniture, which is engaged in the manufacture of customised furniture and fixtures, generic furnitures; supply and installation of materials and fittings, which is engaged in the supply and installation of ceiling materials, metal fittings and fixtures and stone materials; trading of furniture and building materials, including interior fit-out materials, and others, which comprises investment holding and/or property development activities of the Company and certain subsidiaries.

My notes based on 2010 Q1 report (number in '000):
- Compared to the cumulative preceding year corresponding quarter, the Group’s revenue decreased by 97.26% and recorded a higher loss before taxation compared to preceding year corresponding quarter. The losses were mainly attributed to the impairment of assets, written off of inventories, unrealized foreign exchange losses and allowance of doubtful debts

LCL latest news from The Edge (English)

LCL latest news from Sin Chew (Chinese)

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