GUINNESS ANCHOR BERHAD
My notes based on 2011 quarter 1 report (number in '000):-
- Group revenue for the first quarter ended 30 September 2010 increased by 21.8% as compared to the corresponding period last year. This was primarily due to higher sales resulting from earlier Fiscal Budget speculative purchases
- Group revenue for the quarter under review was higher by 18.8% compared to the preceding quarter. This improved performance is also due to pre-budget speculation
- Profit before tax for the Group for the same quarter was higher by 7.6% compared to the preceding quarter
- Estimate next 4Q eps after 2011 Q1 result announced = 0.545, estimate PE on current price 9.09 = 15.85(DPS 0.45)
- Estimate next 4Q eps after 2010 Q4 result announced = 0.5054*1.05 = 0.5307 (5% grow from 0.5054, due to next year no more world cup), estimate highest/lowest PE = 15.81/14.23 (DPS 0.45)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.517 (10% grow from 0.47), estimate highest/lowest PE = 14.99/12.55 (DPS 0.41)
- Estimate next 4Q eps after 2010 Q2 result announced = 0.517, estimate highest/lowest PE = 13.17/12.13 (DPS 0.41)
- Estimate next 4Q eps after 2010 Q1 result announced = 0.47, estimate highest/lowest PE = 15.23/13.17 (DPS 0.41)
- Estimate next 4Q eps after 2009 Q4 result announced = 0.47, estimate highest/lowest PE = 15.47/12.9.6 (DPS 0.41)
GAB latest news (English)
| Par Value | : | 0.50 |
| My Forecast P/E now | : | (9.92-0.45)/0.545 = 17.37 (High) |
| My Target Price | : | Not interested unless revenue and profit increase more |
| My Decision | : | NOT BUY |
| My Comment | : | Revenue and profit increasing in term of comparing current quarter with preceding year corresponding quarter, receivables increased, better liquidity ratio, strong cash, better gearing ratio, better working capital |
| Technical Support Price | : | 9 |
| Risk Rating | : | MODERATE |
| OSK Target Price | : | 7.97 (04 Nov 10) |
| Latest Market Capital (Capital Size) | 2,996,812,160 (Very Large) |
| Return on Equity | 35.59% |
| Dividend Yield | 4.54% |
| Profit Margin | 0.1408 |
| Asset Turnover | 1.9804 |
| Tax Rate | 0.2506 |
| Net Asset Value Per Share | 1.69 |
| Net Tangible Asset per share | 1.65 |
| Price/Net Tangible Asset Per Share | 5.35 |
| Cash Per Share | 0.36 |
| Liquidity Current Ratio | 2.7352 |
| Liquidity Quick Ratio | 2.271 |
| Liquidity Cash Ratio | 0.6081 |
| Gearing Debt to Equity Ratio | 0.4111 |
| Gearing Debt to Asset Ratio | 0.2913 |
| Average working capital per thousand Ringgit sale | 21.6% |
| Average days to sell the inventory | 22 |
| Average days to collect the receivables | 65 |
My notes based on 2011 quarter 1 report (number in '000):-
- Group revenue for the first quarter ended 30 September 2010 increased by 21.8% as compared to the corresponding period last year. This was primarily due to higher sales resulting from earlier Fiscal Budget speculative purchases
- Group revenue for the quarter under review was higher by 18.8% compared to the preceding quarter. This improved performance is also due to pre-budget speculation
- Profit before tax for the Group for the same quarter was higher by 7.6% compared to the preceding quarter
- Estimate next 4Q eps after 2011 Q1 result announced = 0.545, estimate PE on current price 9.09 = 15.85(DPS 0.45)
- Estimate next 4Q eps after 2010 Q4 result announced = 0.5054*1.05 = 0.5307 (5% grow from 0.5054, due to next year no more world cup), estimate highest/lowest PE = 15.81/14.23 (DPS 0.45)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.517 (10% grow from 0.47), estimate highest/lowest PE = 14.99/12.55 (DPS 0.41)
- Estimate next 4Q eps after 2010 Q2 result announced = 0.517, estimate highest/lowest PE = 13.17/12.13 (DPS 0.41)
- Estimate next 4Q eps after 2010 Q1 result announced = 0.47, estimate highest/lowest PE = 15.23/13.17 (DPS 0.41)
- Estimate next 4Q eps after 2009 Q4 result announced = 0.47, estimate highest/lowest PE = 15.47/12.9.6 (DPS 0.41)
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