Company Info
My Analysis
Accounting Ratio
My notes based on 2011 quarter 2 report (number in '000):-
- Higher revenue and pbt than previous year corresponding quarter mainly attributed by more favourable average CPO and PK prices realised and additional volume of FFB production generated by the subsidiaries acquired in the second half of last financial period
- Higher revenue and pbt than FY11Q1 due to increase in volume of CPO, PK and FFB sold, despite of the slight decrease in CPO price
- Estimate next 4Q eps after 2011 Q2 result announced = 0.113/4*2*1.1 = 0.0622, estimate PE on current price 0.995 = 15.68
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| Market Capital (Capital Size) | 1,301,962,419 (Large) |
| Par Value | RM 0.50 |
My Analysis
| Forecast P/E now | (0.995-0.02)/0.0622 = 15.68 (High) |
| Target Price | 0.87+0.02 = 0.89 (PE 14.0, EPS 0.0622, DPS 0.02) |
| Decision | BUY if stock price next uptrend start above 0.84 |
| Comment | Revenue increased 26.6% and was second consecutive quarter increasing and also higher than preceding year corresponding quarter 138.2%, eps increased 52.6% and was second consecutive quarter increasing and also higher than preceding year corresponding quarter 89.4%, cash generated from operating enough for financing expenses but not enough for investing expenses even got borrowing and Group also got no cash , slightly higher liquidity ratio at very weak level now, slightly lower gearing ratio at high level now, payables ratio very high, higher inventory can indicate higher production, going to benefit from increasing of CPO price |
| First Support Price | 0.84 |
| Second Support Price | 0.74 |
| Risk Rating | HIGH |
Accounting Ratio
| Return on Equity | 11.64% |
| Dividend Yield | 2.01% |
| Profit Margin | 34.85% |
| Tax Rate | 22.24% |
| Asset Turnover | 0.185 |
| Net Asset Value Per Share | 1.33 |
| Net Tangible Asset per share | 1.11 |
| Price/Net Tangible Asset Per Share | 1.9 |
| Cash Per Share | 0.01 |
| Liquidity Current Ratio | 0.1695 |
| Liquidity Quick Ratio | 0.1092 |
| Liquidity Cash Ratio | 0.0089 |
| Gearing Debt to Equity Ratio | 1.7071 |
| Gearing Debt to Asset Ratio | 0.5787 |
| Working capital per thousand Ringgit sale | -162.0% |
| Days to sell the inventory | 66 |
| Days to collect the receivables | 71 |
| Days to pay the payables | 458 |
My notes based on 2011 quarter 2 report (number in '000):-
- Higher revenue and pbt than previous year corresponding quarter mainly attributed by more favourable average CPO and PK prices realised and additional volume of FFB production generated by the subsidiaries acquired in the second half of last financial period
- Higher revenue and pbt than FY11Q1 due to increase in volume of CPO, PK and FFB sold, despite of the slight decrease in CPO price
- Estimate next 4Q eps after 2011 Q2 result announced = 0.113/4*2*1.1 = 0.0622, estimate PE on current price 0.995 = 15.68
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RSAWIT latest news (Chinese)
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