Company Info
My Analysis
Research House
Accounting Ratio
My notes based on 2011 quarter 1 report (number in '000):-
- Higher revenue and profit due to increasing activities recorded in all divisions of the Group, especially in the Pipeline Services division
- Estimate next 4Q eps after 2011 Q1 result announced = (0.0563+0.032)*2 = 0.1766, estimate PE on current price 2.41 = 13.36(DPS 0.05)
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| Market Capital (Capital Size) | 1,776,108,113 (Large) |
| Par Value | RM 0.50 |
My Analysis
| Forecast P/E now | (2.41-0.05)/0.1766 = 13.36 (Moderate) |
| Target Price | 2.65+0.05 = 2.70 (PE 15.0, EPS 0.1766, DPS 0.05) |
| Decision | Watching, buy when MACD histogram uptrend |
| Comment | Revenue increased 23.6% and is second consecutive quarter increasing and also higher than preceding year corresponding quarter 19.8%, eps increased 75.9% and is third consecutive quarter increasing and also higher than preceding year corresponding quarter 150.2%, null, weaker liquidity ratio at moderate level now, higher gearing ratio at high level now, receivables ratio slightly high, other accounting ratio are good, most division result improve |
| First Support Price | 2.15 |
| Second Support Price | 2.0 |
| Risk Rating | MODERATE |
Research House
| MIDF Target Price | 2.35 (2011-04-19) |
| CIMB Target Price | 2.7 (2011-04-28) |
| OSK Target Price | 3.5 (2011-05-06) |
| AMMB Target Price | 2.85 (2011-07-04) |
| ECM Target Price | 3.06 (2011-07-04) |
| Kenanga Target Price | 3.04 (2011-07-04) |
| Maybank Target Price | 3.1 (2011-07-04) |
| RHB Target Price | 3 (2011-07-04) |
Accounting Ratio
| Return on Equity | 7.72% |
| Dividend Yield | 1.87% |
| Profit Margin | 13.99% |
| Tax Rate | 24.66% |
| Asset Turnover | 0.7173 |
| Net Asset Value Per Share | 1.26 |
| Net Tangible Asset per share | 1.12 |
| Price/Net Tangible Asset Per Share | 1.95 |
| Cash Per Share | 0.75 |
| Liquidity Current Ratio | 2.0568 |
| Liquidity Quick Ratio | 1.7604 |
| Liquidity Cash Ratio | 0.8133 |
| Gearing Debt to Equity Ratio | 1.1801 |
| Gearing Debt to Asset Ratio | 0.5116 |
| Working capital per thousand Ringgit sale | 46.8% |
| Days to sell the inventory | 52 |
| Days to collect the receivables | 139 |
| Days to pay the payables | 73 |
My notes based on 2011 quarter 1 report (number in '000):-
- Higher revenue and profit due to increasing activities recorded in all divisions of the Group, especially in the Pipeline Services division
- Estimate next 4Q eps after 2011 Q1 result announced = (0.0563+0.032)*2 = 0.1766, estimate PE on current price 2.41 = 13.36(DPS 0.05)
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