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Sunday, August 15, 2010

KLCI Stock - SEB / 5163 - 2010 Quarter 1

Market Cap : 80000000*0.685 = 54,800,000 (Very Small)
NTA per share : 37401/60072 = 0.62
P/BV : 0.685/0.62 = 1.1048
Forecast P/E now : 0.685/0.1386 = 4.94 (High)
DY : N/A
Fixed Asset Turnover(1 year) : 0.1027 (Very Low)
Liquidity Ratio : 35468/17872 = 1.9846 (Low)
Receivables Collection Period : 16856/(6352/365) = 968 (Very Bad)
My Target Price : Not interested unless revenue and profit increase more
My Decision : NOT BUY
My Comment : Revenue and profit dropped a lot, big different with FY09, got little free cash flow but paid out many dividend, above moderate debt and increased, expanding production capacity, steel price decreased, Europe market still not yet recovery, entire o&g industry getting better
Technical Support Price : 0.65
Risk Rating : HIGH

My notes based on 2010 Quarter 1 report (number in '000):
- The current quarter results showed a Group revenue of RM6.3 million and a loss after taxation (LAT) of RM0.26 million as compared to a revenue of RM18.0 million and profit after taxation (PAT) of RM2.32 million in the corresponding quarter of the previous financial year. The LAT was mainly due to lower sales recognized in the current quarter
- The loss after taxation of RM0.26 million for the current quarter as compared to the profit after taxation in preceding quarter of RM3.06 million was mainly due to lower sales recognized in the current quarter
- Revenue and profit dropped a lot when compared to FY09,08,07, average EPS in last 3 years was 0.1386, if FY10 still can achieve this result then PE base on current price 0.685 = 4.94

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1 comment:

CY said...

It is now 11am Fri 20th August, 4 days after the 2nd quarterly report is out. I was surprised that despite the poor numbers, the stock is up 13% from yesterday's close. What could have triggered this upward movement?

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