Company Info
| Market Capital (Capital Size) | 230,073,102 (Small) |
| Par Value | RM 0.50 |
My Analysis
| Decision | Mainly technical trading for now (not interested unless stock price strong sustain @ 0.205 and sell volume is very low compare to buy) unless coming quarter result got significant good result |
| Comment | Revenue increased 5.9% and was fifth consecutive quarter increasing (higher than preceding year corresponding quarter 10.4%), eps decreased 1115.4% and was second consecutive quarter decreasing and also lower than preceding year corresponding quarter 588.9%, cash generated from operating enough to cover all expenses, gross margin decreasing, slight weaker liquidity ratio at moderate level now, slightly higher gearing ratio from at low level now, slightly higher debt ratio but still far from historical high, all repayment period is good, affecting by higher raw material cost |
| First Support Price | 0.205 |
| Second Support Price | 0.19 |
| Risk Rating | HIGH |
Research House
| OSK Target Price | 0.235 (2012-02-27) |
Accounting Ratio
| Return on Equity | -1.33% |
| Dividend Yield | - |
| Gross Profit Margin | -2.31% |
| Operating Profit Margin | -3.68% |
| Net Profit Margin | -3.68% |
| Tax Rate | - |
| Asset Turnover | 1.8409 |
| Net Asset Value Per Share | 0.64 |
| Net Tangible Asset per share | 0.55 |
| Price/Net Tangible Asset Per Share | 0.46 |
| Cash Per Share | 0.02 |
| Liquidity Current Ratio | 2.6205 |
| Liquidity Quick Ratio | 1.6613 |
| Liquidity Cash Ratio | 0.2138 |
| Gearing Debt to Equity Ratio | 0.1492 |
| Gearing Debt to Asset Ratio | 0.1298 |
| Working capital per thousand Ringgit sale | 11.4% |
| Days to sell the inventory | 25 |
| Days to collect the receivables | 34 |
| Days to pay the payables | 26 |
Technical Analysis
| SMA 20 | 0.216 (Downtrend 51 days) |
| SMA 50 | 0.229 (Same) |
| SMA 100 | 0.243 (Same) |
| SMA 200 | 0.245 (Downtrend) |
| MACD (26d/12d) | -0.006804 ( 5.1e-005 ) |
| Signal (9) | -0.006558 ( 6.1e-005 ) |
| MACD Histogram | 0.000246 (Bearish trend 10 days) |
| Bolinger Upper Band | 0.234 |
| Bolinger Lower Band | 0.198 |
My notes based on 2011 quarter 4 report (number in '000):-
- Higher revenue primarily attributed to the better selling price of the metallurgical coke(FY10Q4:5%) and a general increase in sales volume
- Turning to loss due to increase in the average price of raw material-coking coal(FY10Q4:7%) and cost of sales
- No estimate next 4Q eps after 2011 Q4 result announced due to surging of raw material cost is faster than products selling price, trading decision for safety should based on price of metallurgical coke and coking coal
- Estimate next 4Q eps after 2011 Q3 result announced = 0.0039*2*1.05 = 0.0082, estimate highest/lowest PE = 30.88/2 (DPS 0.00178)
- Estimate next 4Q eps after 2011 Q2 result announced = 0.007, estimate highest/lowest PE = 41.17/22.34 (DPS 0.00178)
- Estimate next 4Q eps after 2011 Q1 result announced = 0.0035*2 = 0.007, estimate highest/lowest PE = 49.75/29.75 (DPS 0.00178)
- Estimate next 4Q eps after 2010 Q4 result announced = 0.0027*4*1.05 = 0.0113, estimate highest/lowest PE = 35.24/27.72 (DPS 0.00178)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.0052*2 = 0.0104, estimate highest/lowest PE = 39.42/31.73
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