Company Info
My Analysis
Research House
Accounting Ratio
My notes based on 2011 quarter 2 report (number in '000):-
- Higher revenue primarily due to higher revenue from data services offset by lower voice and global bandwidth sales
- Higher pbt than mainly due to the reduction in wayleave fees to PLUS as mentioned in Note 5 above and higher dividend income from available-for-sale financial asset
- Estimate next 4Q eps after 2011 Q2 result announced = (0.009+0.0113)*2*1.05 = 0.0426, estimate PE on current price 0.57 = 13.38
- Estimate next 4Q eps after 2011 Q1 result announced = 0.009*4*1.05 = 0.0378, estimate highest/lowest PE = 22.22/14.02
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| Market Capital (Capital Size) | 1,442,541,750 (Large) |
| Par Value | RM 1.00 |
My Analysis
| Forecast P/E now | 0.57/0.0426 = 13.38 (Moderate) |
| Target Price | 0.0426*14.0 = 0.60 (PE 14.0, EPS 0.0426) |
| Decision | Not interested unless stock price sustain above 0.6 |
| Comment | Revenue increased 19.4% and also higher than preceding year corresponding quarter 0.6%, eps increased 25.6% and also higher than preceding year corresponding quarter 24.2%, cash generated from operating and investing enough to cover all expenses, slightly stronger liquidity ratio at low level now, lower gearing ratio at low level now, payables and receivables ratio also high, benefit from lower wayleave fees |
| First Support Price | 0.56 |
| Second Support Price | 0.52 |
| Risk Rating | MODERATE |
Research House
| Macquarie Target Price | 0.94 (2011-02-14) |
| HLG Target Price | 0.97 (2011-08-26) |
Accounting Ratio
| Return on Equity | 8.92% |
| Dividend Yield | - |
| Profit Margin | 34.19% |
| Tax Rate | - |
| Asset Turnover | 0.204 |
| Net Asset Value Per Share | 0.56 |
| Net Tangible Asset per share | 0.56 |
| Price/Net Tangible Asset Per Share | 0.96 |
| Cash Per Share | 0.08 |
| Liquidity Current Ratio | 1.9972 |
| Liquidity Quick Ratio | 1.9972 |
| Liquidity Cash Ratio | 1.2201 |
| Gearing Debt to Equity Ratio | 0.1245 |
| Gearing Debt to Asset Ratio | 0.1107 |
| Working capital per thousand Ringgit sale | 53.7% |
| Days to sell the inventory | - |
| Days to collect the receivables | 152 |
| Days to pay the payables | 277 |
My notes based on 2011 quarter 2 report (number in '000):-
- Higher revenue primarily due to higher revenue from data services offset by lower voice and global bandwidth sales
- Higher pbt than mainly due to the reduction in wayleave fees to PLUS as mentioned in Note 5 above and higher dividend income from available-for-sale financial asset
- Estimate next 4Q eps after 2011 Q2 result announced = (0.009+0.0113)*2*1.05 = 0.0426, estimate PE on current price 0.57 = 13.38
- Estimate next 4Q eps after 2011 Q1 result announced = 0.009*4*1.05 = 0.0378, estimate highest/lowest PE = 22.22/14.02
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