Sponsor by Innity

Sponsor by cwyeoh

Sponsor by Nuffnang

Tuesday, February 22, 2011

KLCI Stock - ASIABIO / 0150 - 2011 Quarter 3

Company Info
Market Capital (Capital Size)21,255,000 (Very Small)
Par ValueRM 0.10

My Analysis
Forecast P/E now0.065/0.0042 = 15.48 (High)
Target Price0.0042*4.0 = 0.02 (PE 4.0, EPS 0.0042)
DecisionNOT BUY unless revenue and profit stabilize
Revenue increased but lower than preceding year corresponding quarter, eps second consecutive quarter decreasing and also lower than preceding year corresponding quarter, negative free cash flow and negative net cash flow increasing, liquidity largely decreasing but still at very strong level now, gearing ratio increasing but still at very low level now, receivables turnover period increased
First Support Price0.06
Second Support Price0.055
Risk RatingHIGH

Accounting Ratio
Return on Equity2.75%
Dividend Yield-
Profit Margin13.82%
Tax Rate-
Asset Turnover0.1781
Net Asset Value Per Share0.13
Net Tangible Asset per share0.12
Price/Net Tangible Asset Per Share0.58
Cash Per Share0.01
Liquidity Current Ratio8.4756
Liquidity Quick Ratio8.3304
Liquidity Cash Ratio4.8637
Gearing Debt to Equity Ratio0.0197
Gearing Debt to Asset Ratio0.0185
Working capital per thousand Ringgit sale77.6%
Days to sell the inventory7
Days to collect the receivables131
Days to pay the payables49

My notes based on 2011 quarter 3 report (number in '000):-
- The ABT Group achieved a consolidated profit after taxation of approximately RM1.1 million on the back of a consolidated revenue of RM5.5 million due mainly to dividend from its incubatees. As the Group is involved in incubation activities especially on high technology areas, it hold investments particularly in start-ups. In view thereof, its performance is subjected to various volatilities

- Revenue for the current quarter and profit before taxation was due to contribution from Nexfuel

- Estimate next 4Q eps after 2011 Q3 result announced = 0.0042, estimate PE on current price 0.08 = 19.05
- Estimate next 4Q eps after 2011 Q2 result announced = 0.0042, estimate highest/lowest PE = 19.05/14.29
- Estimate next 4Q eps after 2011 Q1 result announced = 0.0036+0.0006(average of eps per quarter in year 2009)*4 = 0.006, estimate highest/lowest PE = 14.17/10.08

ASIABIO latest news (English)

ASIABIO latest news (Chinese)

No comments:

Post a Comment