Company Info
My Analysis
Research House
Accounting Ratio
Technical Analysis
My notes based on 2011 quarter 3 report (number in '000):-
- The improved performance than FY10Q3 was mainly due to write-back of allowance for loan impairment of RM24.2 million as compared to a charge of RM61.9 million, higher net interest income and higher islamic income, a non-recurring gain of RM8 million on dilution of interest in associate in previous year, higher pretax profit of brokerage income and pretax profit of RM4.3 million as compared to a pretax loss of RM5.7 million from life insurance
- Estimate next 4Q eps after 2011 Q3 result announced = 0.3377*1.05 = 0.3546, estimate PE on current price 2.87 = 7.76 (DPS 0.12)
- Estimate next 4Q eps after 2011 Q2 result announced = (0.071+0.0898)*2*1.05 = 0.3377, estimate highest/lowest PE = 9.21/6.4 (DPS 0.09)
- Estimate next 4Q eps after 2011 Q1 result announced = (0.071+0.077)*2 = 0.296, estimate highest/lowest PE = 11.76/9.8 (DPS 0.09)
AFFIN latest news (English)
AFFIN latest news (Chinese)
| Market Capital (Capital Size) | 4,289,432,563 (Large) |
| Par Value | RM 1.00 |
My Analysis
| Forecast P/E now | (2.87-0.12)/0.3546 = 7.76 (Moderate) |
| Target Price | 4.26+0.12 = 4.38 (PE 12.0, EPS 0.3546, DPS 0.12) |
| Decision | BUY if stock price can sustain above 2.8 |
| Comment | Revenue increased 5.8% and is continuous increasing since FY09Q2(higher than preceding year corresponding quarter 13.8%), eps increased 0.8% and was second consecutive quarter increasing and also higher than preceding year corresponding quarter 17.5%, no cash generated from operating hence spent 4.4% of Group cash to cover all expenses, all division growing |
| First Support Price | 2.8 |
| Second Support Price | 2.7 |
| Risk Rating | MODERATE |
Research House
| CIMB Target Price | 3.4 (2011-08-16) |
| HLG Target Price | 2.62 (2011-12-02) |
| RHB Target Price | 2.05 (2011-12-02) |
Accounting Ratio
| Return on Equity | 9.15% |
| Dividend Yield | 4.18% |
| Profit Margin | 30.96% |
| Tax Rate | 35.80% |
| Asset Turnover | 0.0503 |
| Net Asset Value Per Share | 3.74 |
| Net Tangible Asset per share | 3.06 |
| Price/Net Tangible Asset Per Share | 0.95 |
| Cash Per Share | 6.51 |
| Liquidity Current Ratio | 1.1156 |
| Liquidity Quick Ratio | 0.889 |
| Liquidity Cash Ratio | 0.2209 |
| Gearing Debt to Equity Ratio | 8.1198 |
| Gearing Debt to Asset Ratio | 0.8903 |
| Working capital per thousand Ringgit sale | 198.6% |
| Days to sell the inventory | 5518 |
| Days to collect the receivables | 4169 |
| Days to pay the payables | 24337 |
Technical Analysis
| SMA 20 | 2.821 (Uptrend) |
| SMA 50 | 2.735 (Uptrend) |
| SMA 100 | 2.801 (Downtrend) |
| SMA 200 | 3.044 (Downtrend) |
| MACD Histogram | 0.013792 (Downtrend) |
My notes based on 2011 quarter 3 report (number in '000):-
- The improved performance than FY10Q3 was mainly due to write-back of allowance for loan impairment of RM24.2 million as compared to a charge of RM61.9 million, higher net interest income and higher islamic income, a non-recurring gain of RM8 million on dilution of interest in associate in previous year, higher pretax profit of brokerage income and pretax profit of RM4.3 million as compared to a pretax loss of RM5.7 million from life insurance
- Estimate next 4Q eps after 2011 Q3 result announced = 0.3377*1.05 = 0.3546, estimate PE on current price 2.87 = 7.76 (DPS 0.12)
- Estimate next 4Q eps after 2011 Q2 result announced = (0.071+0.0898)*2*1.05 = 0.3377, estimate highest/lowest PE = 9.21/6.4 (DPS 0.09)
- Estimate next 4Q eps after 2011 Q1 result announced = (0.071+0.077)*2 = 0.296, estimate highest/lowest PE = 11.76/9.8 (DPS 0.09)
AFFIN latest news (English)
AFFIN latest news (Chinese)
No comments:
Post a Comment