Company Info
My Analysis
Research House
Accounting Ratio
Technical Analysis
My notes based on 2011 quarter 3 report (number in '000):-
- The loss is attributable to higher fuel cost, derivative loss of RM70 million and unrealised foreign exchange loss of RM195 million
- Estimate next 4Q eps after 2011 Q3 result announced = 0.128*0.9 = 0.1152, estimate PE on current price 1.3 = 11.28
- Estimate next 4Q eps after 2011 Q2 result announced = (0.067*3)-0.073 = 0.128, estimate highest/lowest PE = 12.66/9.61
- Estimate next 4Q eps after 2011 Q1 result announced = 0.07, estimate highest/lowest PE = 27.86/19.14
MAS latest news (English)
MAS latest news (Chinese)
| Market Capital (Capital Size) | 4,344,803,112 (Large) |
| Par Value | RM 1.00 |
My Analysis
| Forecast P/E now | 1.3/0.1152 = 11.28 (Moderate) |
| Target Price | 0.1152*12.0 = 1.38 (PE 12.0, EPS 0.1152) |
| Decision | Not interested unless stock price below 1.2 or got strong buy volume vs sell volume |
| Comment | Revenue increased 1.9% and was second consecutive quarter increasing and also higher than preceding year corresponding quarter 5.2%, eps decreased 9.3% loss but increased 307.7% loss than preceding year corresponding quarter, no cash generated from operating but cash generated from financing enough to cover operating expenses and still spent 49.7% of Group cash to cover investing expenses, weaker liquidity ratio at weak level now, higher gearing ratio at very high level now, all accounting ratio are good, affecting by oil price increasing |
| First Support Price | 1.3 |
| Second Support Price | 1.2 |
| Risk Rating | HIGH |
Research House
| Kenanga Target Price | 2.2 (2011-08-08) |
| HwangDBS Target Price | 1.55 (2011-08-10) |
| MIDF Target Price | 1.6 (2011-08-24) |
| CIMB Target Price | 1.6 (2011-09-20) |
| ECM Target Price | 1 (2011-11-22) |
| OSK Target Price | 0.96 (2011-11-23) |
| RHB Target Price | 1.04 (2011-11-23) |
| HLG Target Price | 1.19 (2011-12-08) |
| Maybank Target Price | 1.55 (2011-12-08) |
| TA Target Price | 1.33 (2011-12-08) |
Accounting Ratio
| Return on Equity | -47.12% |
| Dividend Yield | - |
| Profit Margin | -13.21% |
| Tax Rate | - |
| Asset Turnover | 1.1072 |
| Net Asset Value Per Share | 0.69 |
| Net Tangible Asset per share | 0.65 |
| Price/Net Tangible Asset Per Share | 2.09 |
| Cash Per Share | 0.34 |
| Liquidity Current Ratio | 0.5095 |
| Liquidity Quick Ratio | 0.4289 |
| Liquidity Cash Ratio | 0.197 |
| Gearing Debt to Equity Ratio | 4.3387 |
| Gearing Debt to Asset Ratio | 0.8117 |
| Working capital per thousand Ringgit sale | -20.6% |
| Days to sell the inventory | 12 |
| Days to collect the receivables | 35 |
| Days to pay the payables | 107 |
Technical Analysis
| SMA 20 | 1.312 (Downtrend 2 days) |
| SMA 50 | 1.365 (Downtrend) |
| SMA 100 | 1.436 (Downtrend) |
| SMA 200 | 1.539 (Downtrend) |
| MACD | -0.036053 (Uptrend 6 days) |
| MACD Histogram | -0.000036 (Downtrend 26 days) |
My notes based on 2011 quarter 3 report (number in '000):-
- The loss is attributable to higher fuel cost, derivative loss of RM70 million and unrealised foreign exchange loss of RM195 million
- Estimate next 4Q eps after 2011 Q3 result announced = 0.128*0.9 = 0.1152, estimate PE on current price 1.3 = 11.28
- Estimate next 4Q eps after 2011 Q2 result announced = (0.067*3)-0.073 = 0.128, estimate highest/lowest PE = 12.66/9.61
- Estimate next 4Q eps after 2011 Q1 result announced = 0.07, estimate highest/lowest PE = 27.86/19.14
MAS latest news (English)
MAS latest news (Chinese)
No comments:
Post a Comment