Company Info
My Analysis
Research House
Accounting Ratio
My notes based on 2011 quarter 4 report (number in '000):-
- Lower pbt due to lower sales and a write-off of RM4.8 million (included in operating expenses) during current quarter resulting from Civil suit between Hunza Parade Development Sdn. Bhd. and The Kwangtung and Tengchow Association Penang
- Estimate next 4Q eps after 2011 Q4 result announced = (0.0424+0.0588)*2 = 0.2024, estimate PE on current price 1.44 = 6.71 (DPS 0.081)
- Estimate next 4Q eps after 2011 Q3 result announced = 0.0588*4*1.1 = 0.2587, estimate highest/lowest PE = 6.26/5.25 (DPS 0.081)
HUNZPTY latest news (English)
HUNZPTY latest news (Chinese)
| Market Capital (Capital Size) | 279,964,296 (Small) |
| Par Value | RM 1.00 |
My Analysis
| Forecast P/E now | (1.44-0.081)/0.2024 = 6.71 (Moderate) |
| Target Price | 1.62+0.081 = 1.70 (PE 8.0, EPS 0.2024, DPS 0.081) |
| Decision | Not interested unless stock price sustain above 1.5 |
| Comment | Revenue decreased 29.3% and also lower than preceding year corresponding quarter 36.5%, eps decreased 27.9% and also lower than preceding year corresponding quarter 43.8%, cash generated from operating more than enough to financing expenses but still increased borrowings and spent 6% of Group cash to cover investing expenses, stronger liquidity ratio at moderate level now, higher gearing ratio at below moderate level now, all accounting ratio also medium to high |
| First Support Price | 1.4 |
| Second Support Price | 1.3 |
| Risk Rating | MODERATE |
Research House
| Kenanga Target Price | 1.76 (2011-02-18) |
| OSK Target Price | 2.48 (2011-05-20) |
| Alliance Target Price | 2.53 (2011-05-23) |
Accounting Ratio
| Return on Equity | 13.79% |
| Dividend Yield | 5.62% |
| Profit Margin | 24.92% |
| Tax Rate | 29.04% |
| Asset Turnover | 0.3624 |
| Net Asset Value Per Share | 2.28 |
| Net Tangible Asset per share | 2.28 |
| Price/Net Tangible Asset Per Share | 0.65 |
| Cash Per Share | 0.31 |
| Liquidity Current Ratio | 2.7383 |
| Liquidity Quick Ratio | 1.6379 |
| Liquidity Cash Ratio | 0.5928 |
| Gearing Debt to Equity Ratio | 0.3989 |
| Gearing Debt to Asset Ratio | 0.2749 |
| Working capital per thousand Ringgit sale | 76.1% |
| Days to sell the inventory | 225 |
| Days to collect the receivables | 163 |
| Days to pay the payables | 190 |
My notes based on 2011 quarter 4 report (number in '000):-
- Lower pbt due to lower sales and a write-off of RM4.8 million (included in operating expenses) during current quarter resulting from Civil suit between Hunza Parade Development Sdn. Bhd. and The Kwangtung and Tengchow Association Penang
- Estimate next 4Q eps after 2011 Q4 result announced = (0.0424+0.0588)*2 = 0.2024, estimate PE on current price 1.44 = 6.71 (DPS 0.081)
- Estimate next 4Q eps after 2011 Q3 result announced = 0.0588*4*1.1 = 0.2587, estimate highest/lowest PE = 6.26/5.25 (DPS 0.081)
HUNZPTY latest news (English)
HUNZPTY latest news (Chinese)
No comments:
Post a Comment