Sponsor by Innity

Sponsor by cwyeoh

Sponsor by Nuffnang

Tuesday, August 24, 2010

KLCI Stock - YTLPOWR / 6742 - 2010 Quarter 4

YTL POWER INTERNATIONAL BERHAD

Listing Date: 23.05.1997
IPO Price: 2.700
Market: MAIN
Sector: INFRASTRUCTURE
Par Value: 0.50
Major Industry: Utilities
Sub Industry: Electric Power Companies
Market Cap : 7249198795*2.3 = 16,673,157,228.50 (Very Large)
NTA per share : (7213109-6148899)/7679041 = 0.14
P/BV : 2.3/0.14 = 16.43
Forecast P/E now : (2.3-0.15)/0.1889 = 11.38 (Moderate)
ROE : 5.95% (Low)
DY : 0.15/2.3*100 = 6.52% (Moderate)
Fixed Asset Turnover(4 year) : (0.3962+0.1757+0.1525+0.1695)/4 = 0.2235 (Low)
Liquidity Ratio : 10020640/4930268 = 2.0325 (Moderate)
Receivables Collection Period : (2007664+2409669)/2/(13442945/365) = 59 days (Acceptable)
My Target Price : 2.46+0.15 = 2.61 (PE 13, EPS 0.1889, DPS 0.15)
My Decision : BUY
My Comment : Revenue and profit increased, good cash flow, high debt but slightly decreasing, navps increased, consolidated with PowerSeraya increased more stable profit, going to launch WiMAX
Technical Support Price : 2.2
Risk Rating : LOW


YTL POWER INTERNATIONAL BERHAD is an investment holding company that provides administrative and technical support services to its subsidiaries. The Company operates in three business segments: investment holding, power generation and sale of electricity and sales of water and disposal of waste water. Its subsidiaries are engaged in the provision of wire line and wireless broadband access and other related services; developing, constructing, completing, maintaining and operating power plants, and sale of electricity. On June 18, 2009, the Company acquired a 60% interest in YTL Communications Sdn Bhd. They provide operating energy facilities and undertake oil trading activities and provide wire line and wireless broadband access respectively. In September 2009, the Company incorporated YTL DCS Pte Ltd. On February 18, 2010, the Company incorporated YTL Utilities Finance 5 Limited (YTLUF5) and YTL Communications International Limited.

My notes based on 2010 Quarter 4 report (number in '000):

- Group revenue was 32.3% increase fir the current quarter ended 30 June 2010 as compared to the preceding year corresponding quarter ended 30 June 2009. The Group profit before taxation for the current quarter ended 30 June 2010 was 15.5% higher as compared to the preceding year corresponding quarter ended 30 June 2009

- The increase was principally due to the consolidation of the financial results of PowerSeraya, a wholly owned subsidiary which was acquired on 6 March 2009. The Group net profit after taxation for the current quarter was recorded an increase of RM399.2 million as compared to the preceding year corresponding quarter attributable to a one-off deferred tax charge in the preceding corresponding quarter

- The increase in Group profit before taxation and Group profit after taxation as compared to the preceding quarter were principally due to better performance in multi utilities business (merchant) segment of the Group

- Estimate next 4Q eps after 2010 Q4 result announced = 0.1717*1.1 = 0.1889, estimate PE on current price 2.3 = 11.38(DPS 0.15)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.0404*4 = 0.1616, estimate highest/lowest PE = 13.37/12.56 (DPS 0.15)
- Estimate next 4Q eps after 2010 Q2 result announced = 0.0356*4 = 0.1424, estimate highest/lowest PE = 15.1/14.04 (DPS 0.15)
- Estimate next 4Q eps after 2010 Q1 result announced = 0.0328*4 = 0.1312, estimate highest/lowest PE = 16.23/15.02 (DPS 0.15)
- No Estimate next 4Q eps after 2009 Q4 result announced
- Estimate next 4Q eps after 2009 Q3 result announced = 0.0335*4 = 0.134, estimate highest/lowest PE = 15.45/14.48 (DPS 0.15)
- Estimate next 4Q eps after 2009 Q2 result announced = 0.0334*4 = 0.1336, estimate highest/lowest PE = 14.6/12.72 (DPS 0.15)

YTLPOWR latest news from The Edge (English)

YTLPOWR latest news from Sin Chew (Chinese)

a_dateyearqrth_pricel_pricedivroec_roerevc_revpbtc_pbtprofc_profepsc_epsassetliabminoequicfocficffcashfcfnetfinalsharec_sharemarketdateprof_mpedenavpsvat
2010-08-1920104N/AN/A0.018750.05950.1680375342313442945627896169403942903112121200.05590.17173392945026716341072131092580102-1386825226694590675111932771419971732672276790417059522175850032010-06-300.167314.50763.70390.940.3167
2010-05-27201032.312.180.03750.04390.12333351098968952240657411408723055598578180.04040.11343288098825923993069569951671687-617694-34835859067511053993705635661238675645347564534165663292010-03-310.1213-3.72630.920.2485
2010-02-25201022.32.150.03750.03480.0669313470263384243497646739632555524919240.03560.07043568835428339407073489471218131-462693130805959067517554382063497797024871728136987557154932762009-12-310.1116-3.85631.020.2694
2009-11-19201012.282.120.03750.03730.0373320372232037223241993241992363722363720.03280.0328341172652777759606339669702790-296175-1264165906751406615280199618695072049787204978158509512009-09-300.1012-4.38160.880.2713
2009-08-20200942.252.10.018750.00560.1060283678460933945484031386872344386466050.00480.099434689180285871301266102050825755-822076439258439375917-7395009-3469166590675171242426505311151033932009-06-300.193323.3584.68480.860.9372
2009-05-21200932.222.090.03750.03870.1078135060932566103129288431122213766168100.03350.0965321621002644168605720414630069-839600338978689375916-7765934-3868066550785066136136391813138224512009-03-310.2317-4.62230.860.2926
2009-02-19200922.11.850.03750.03730.068685670119060012843865301842150573954340.03340.0628245655621880158405763978253314-1150051-3434549375916-896737-1240191813572564420296296719119821732008-12-310.332-3.26190.890.2438
2008-11-20200911.991.70.0450.02770.0277104930010493002457982457981803771803770.02900.0290280365262152083706515689245440-216663456791937591628777485568986148462170396217039106933072008-09-300.2342-3.30291.050.2662
2008-08-19200841.91.620.03750.04580.164311405404242518380925139866129300510518060.04290.15672782687621426481064003951052065-110718734178156013224-551223362693937591768241586712227116010682008-06-300.33411.02973.34770.940.2308
2008-05-22200832.221.680.03750.04550.12431060450310197835946010177362778217588010.04580.1294252644361915795106106485934298-791080144940660132241432181592624760584860660445863995130419942008-03-310.339-3.13731.010.2271
2008-02-22200822.672.090.03750.03880.0771100320520415283370246582762424314809800.04120.0819253263071908537706240930759863-425011127086260132243348521605714761893858906165872772147265402007-12-310.3359-3.05811.060.2807
2007-11-22200812.872.45-0.03760.0376103832310383233212523212522385492385490.04060.0406257626251941273706349888477214-138722137757660132243384921716068772929258773705877370149872932007-09-300.3094-3.05721.080.2574
2007-08-22200742.562.380.050.07110.195211674964068008344160129870142906311775930.07290.22092400289017969819060330711307082-39868742860646762239083951337001601322458890045330887135447092007-06-300.294811.5022.97861.02-
2007-05-2420073N/AN/A0.03750.05160.126296457829005123819069545413057187485300.05650.14132464307318712874059301991003069-177505145615946762238255642281723695794654079995297452125465572007-03-310.3959-3.15551.10.1995
2007-02-0820072N/AN/A0.03750.03550.070797660119359342867105726352222324428120.04220.0844241102011784589806264303704175-222462101054646762234817131492259616848252661615246588109009532006-12-310.2936-2.84881.190.2249
2006-11-2320071N/AN/A-0.03680.03689593339593332859252859252205802205800.04240.0424238175701781669306000877471827-12678496949946762333450431314542599077552026785202678118100792006-09-300.298-2.9691.150.2285

yearqrtDevelopment Expenditure (A-0)Intangible assets (A-0)Investment in associated companies (A-0)Investment properties (A-0)Other investments (A-0)Prepaid lease payments (A-0)Property, plant and equipment (A-0)Receivables, deposits and prepayments (A-0)Cash and cash equivalents (A-1)Inventories (A-1)Other investments (A-1)Other receivables, deposits and prepayments (A-1)Bonds (L-0)Deferred income (L-0)Deferred tax liabilities (L-0)Loans & borrowings (L-0)Long term payables (L-0)Other long-term provisions (L-0)Bonds (L-1)Loans & borrowings (L-1)Other payables (L-1)Payables and accruals (L-1)Provision for liabilities (L-1)Provision for taxation (L-1)Minority interest (M-1)
20104-6148899992912-69511363608159490255925373715425930414839320076647740168192194263454311036928-17630881347015917925932235670820660147638-
20103-6176148937968-74180365019154245176203966388647124544808820740887753511190837255324910480044617019747111080981232888-22705173653894670-
20102-64332461024553-75908568978167083309104280029697126914779318396678386866203443276478711808336826225212515135651207865-201168837730144740-
20101-6475481982778-7553927076916830480861166236911745259474911886588929945519673126789471033181483642480657174342097226-200178236699161079-
20094-6408936977005-6544497118217337304578115906751818872472012409669930591319825727966811108455093202531457206651745220-231259439118121667126
20093123766935862951709-64988129441527954861739554900478359246922188852393101071750442077744106026079344232715-2042392-181768863130110915-
2009221930441333920625-629688302012291742-8219145138070465941853415815415710028817962004424707813421882814992251659563-8456991415280631-
2009191574413331016151-699293309514679246-99736051502004622710182199429948126572213799444374451012931257919290121908389-11172611936092148-
20084-441333929872-711626317115089793-94237601526664587210287839649749133917219939338785511061431535220141822017066-106396920546123142-
2008320853441333864974-669589324614532863-762194815207045523912037939832913226420560434141187103703192511250001677069-113819719651140590-
2008211931441333877198-664851332214622578-763759014885345182873469976169513895921335093624002117563388571250001679148-111577921606135066-
200815856441333852424-683767339714985055-7772711156171448508170611029275114608522078853729142123073850001250001326114-10748762306690511-
20074-441333863140-668284347314882278-60298251608504450790920092554141473632308389376656512308382853125000908013-9866282802349263-
2007314622441333828325300663157-14521939-70034591559554415896982591521491460782403470440858319790374016125000919062-10780172955957150-
2007210682441333844030300881677-14560198-62357111426204381394983782806581493212415131444877116603379861875000194152-9806423417571584-
200713583441333829710-852551-14448323-6058043159534434609810338356353149637239016944701231656942186287475494187-9358493436872822-

yearqrtRevenueIncome tax expenseCost of salesFinance/interest costsOther income/expensesAdministrative/Operating expensesMinority interestShare of profit/ (loss) of associatesAfter tax effect
201043753423-198865-2930076-18143487461-166595065117-
201033351098-101015-2705350-19888317375-1110570494863905
201023134702-94212-2592776-21401427440-689700581675215
201013203722-87953-2634463-24196443848-105967126537485275
200942836784-513977-2065492-23961040724-8600212573574642
200931350609-91552-819773-21527532112-126506-91761-
20092856701-69329-403023-19426729557-48060-43478-
200911049300-65421-580284-228307-27799--32888-
200841140540-87920-502954-23073531168-122545-5309412357
200831060450-81639-567460-19047755663-52471-53523232
200821003205-94593-545216-18547760695-50779-57707-3111
200811038323-82703-555427-189136-21555--455653482
20074116749684903-440966-21837938833-247429-426611944
20073964578-76188-542313-191848155302-52156-48343-
20072976601-64478-532113-16135611632-57985-49931-
20071959333-65345-498127-1681019704-61083-44199-






CURRENT


CHANGES IN SHAREHOLDING


HISTORICAL


ARCHIVES


Image



1-Year Historical Daily Chart


5-Year Historical Weekly Chart

No comments:

Post a Comment