KLCI Stock - ICAP / 5108 - 2011 Quarter 4

Company Info

Market Capital (Capital Size)	306,600,000 (Small)
Par Value	RM 1.00

My Analysis

Decision	Not interested unless NAV increase more
Comment	Revenue decreased 11.5% and also lower than preceding year corresponding quarter 85.5%, eps decreased 39% and also lower than preceding year corresponding quarter 90.1%, got cash generated from operating but lower than preceding year, latest NAV at RM2.77, slightly decreased
First Support Price	2.15
Second Support Price	2.05
Risk Rating	MODERATE

Accounting Ratio

Return on Equity	2.95%
Dividend Yield	-
Profit Margin	65.82%
Tax Rate	22.93%
Asset Turnover	0.0509
Net Asset Value Per Share	2.77
Net Tangible Asset per share	2.77
Price/Net Tangible Asset Per Share	0.79
Cash Per Share	0.83
Liquidity Current Ratio	39.0611
Liquidity Quick Ratio	39.0611
Liquidity Cash Ratio	37.4743
Gearing Debt to Equity Ratio	0.0080
Gearing Debt to Asset Ratio	0.0079
Working capital per thousand Ringgit sale	590.5%
Days to sell the inventory	-
Days to collect the receivables	42
Days to pay the payables	39

My notes based on 2011 quarter 4 report (number in '000):-
- The NAV per share increased by 8% in the fourth quarter ended 31 Mayy 2011 to RM2.77, compared with the preceding quarter of RM2.56
- The NAV per share increased by 4% in the third quarter ended 28 February 2011 to RM2.56, compared with the preceding quarter of RM2.47
- The NAV per share increased by 6% in the second quarter ended 30 November 2010 to RM2.47, compared with the preceding quarter of RM2.32
- The NAV per share increased by 10% in the first quarter ended 31 August 2010 to RM2.32, compared with the preceding quarter of RM2.1

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