KLCI Stock - NCB / 5509 - 2012 Quarter 3

NCB HOLDINGS BERHAD


Company Description

NCB HOLDINGS BERHAD is an investment holding company. It is engaged in investment holding and the provision of management services to its subsidiaries. The Company operates in three business segments: Investment holding and the provision of management services; Port operations, the management of port activities that comprises the provision of container handling services, storage, stevedoring and other ancillary services, and Haulage, freight forwarding and ancillary services, the haulage of containers, warehousing and provision of freight forwarding services.

Company Info 

Listing Date	1992-11-23
Market Capital (Capital Size)	2,022,086,644 (Large)
Par Value	RM 1.00
Board	Main
Sector	Trading/Services
Major Industry	Port Operations
Sub Industry	Logistics / Haulage
Website	http://www.ncb.com.my/

My Analysis 

Forecast P/E now	(4.3-0.17)/0.4014 = 10.29 (Moderate)
Target Price	4.42+0.17 = 4.59 (PE 11.0, EPS 0.4014, DPS 0.17)
Decision	BUY if stock price sustain and uptrend above SMA100 or wait rebound at lower price
Comment	Revenue decreased 3.2% but higher than preceding year corresponding quarter 4.1%, eps increased 1.1% but lower than preceding year corresponding quarter 1.8%, cash generated from operating not even enough to cover dividend expenses hence spent 45.9% of Group cash to cover all other expenses , operating margin still above 20%, liquidity ratio indicate Group can meet current obligation but not high dividend, gearing ratio indicate Group is increase leverage to expand the business, all accounting turnover period is good which can generate some free cash flow, Logistics segment is expanding
First Support Price	4.2
Second Support Price	3.9
Risk Rating	MODERATE

Research House

OSK Target Price	5.59 (2012-08-29)
MIDF Target Price	4.17 (2012-10-30)

Accounting Ratio 

Return on Equity	10.62%
Dividend Yield	3.95%
Operating Profit Margin	20.58%
Net Profit Margin	20.49%
Tax Rate	12.87%
Asset Turnover	0.549
Net Asset Value Per Share	3.09
Net Tangible Asset per share	2.49
Price/Net Tangible Asset Per Share	1.74
Cash Per Share	0.75
Liquidity Current Ratio	2.2788
Liquidity Quick Ratio	2.2454
Liquidity Cash Ratio	1.2673
Gearing Debt to Equity Ratio	0.2462
Gearing Debt to Asset Ratio	0.1975
Working capital per thousand Ringgit sale	35.9%
Days to sell the inventory	4
Days to collect the receivables	99
Days to pay the payables	108

Technical Analysis 

SMA 10	4.311 (Uptrend)
SMA 20	4.252 (Uptrend 19 days)
SMA 50	4.184 (Uptrend)
SMA 100	4.249 (Uptrend)
SMA 200	3.874 (Uptrend)
MACD (26d/12d)	0.034918 ( 0.001088 )
Signal (9)	0.034828 ( 2.3e-005 )
MACD Histogram	0.000090 (Bullish trend 20 days)
Bolinger Upper Band	4.427
Bolinger Lower Band	4.077

My notes based on 2012 quarter 3 report (number in '000):-
- Lower revenue and pbt from Port Operations due to lower container throughput handled

- Higher revenue from Logistics Operations mainly due to the expansion of business streams undertaken by the company in warehousing, trucking, freight forwarding and project logistics which has shown positive results but lower pbt due to several initial start-up cost outlay that was required for the new streams of businesses

- Estimate next 4Q eps after 2012 Q3 result announced = 0.4014, estimate PE on current price 4.3 = 10.29(DPS 0.17)
- Estimate next 4Q eps after 2012 Q2 result announced = 0.4014, estimate highest/lowest PE = 10.44/9.82 (DPS 0.17)
- Estimate next 4Q eps after 2012 Q1 result announced = 171603*1.1/470253 = 0.4014, estimate highest/lowest PE = 11.04/9.67 (DPS 0.17)
- Estimate next 4Q eps after 2011 Q4 result announced = 1631713*0.1/470253 = 0.347, estimate highest/lowest PE = 11.33/8.47 (DPS 0.76)
- Estimate next 4Q eps after 2011 Q3 result announced = (0.0865+0.0499)*2*1.05 = 0.2864, estimate highest/lowest PE = 13.72/11.77 (DPS 0.17)
- Estimate next 4Q eps after 2011 Q2 result announced = 0.0668*4*0.95 = 0.2538, estimate highest/lowest PE = 12.37/8.83 (DPS 0.76)
- Estimate next 4Q eps after 2011 Q1 result announced = 0.0668*4*0.95 = 0.2538, estimate highest/lowest PE = 14.97/11.47 (DPS 0.69)
- Estimate next 4Q eps after 2010 Q4 result announced = 0.2922*0.95 = 0.2776(due to unknown reason profit dropped), estimate highest/lowest PE = 9.46/9 (DPS 0.37)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.3408*0.95 = 0.3238, estimate highest/lowest PE = 11.33/10.01 (DPS 0.28)
- Estimate next 4Q eps after 2010 Q2 result announced = 0.1623*2*1.05 = 0.3408, estimate highest/lowest PE = 10.04/9.65 (DPS 0.28)
- Estimate next 4Q eps after 2010 Q1 result announced = 0.3383(add adjustment of 0.0183), estimate highest/lowest PE = 10.4/8.34 (DPS 0.28)
- Estimate next 4Q eps after 2009 Q4 result announced = 0.32(around 7% grow from 0.2999, expect improve in first half quarter, second half remain), estimate highest/lowest PE = 10.84/9.19 (DPS 0.28)
- Estimate next 4Q eps after 2009 Q3 result announced = 0.3124, estimate highest/lowest PE = 9.57/8.8 (DPS 0.25)
- Estimate next 4Q eps after 2009 Q2 result announced = 0.2617, estimate highest/lowest PE = 10.89/10.2 (DPS 0.25)
- Estimate next 4Q eps after 2009 Q1 result announced = 0.2647, estimate highest/lowest PE = 10.96/9.03 (DPS 0.25)

NCB latest news (English)

NCB latest news (Chinese)

Financial Quarter Summary

a_date	year	qrt	h_price	l_price	div	roe	c_roe	rev	c_rev	pbt	c_pbt	prof	c_prof	eps	c_eps	asset	c_asset	liab	c_liab	mino	equi	cfo	cfi	cff	cash	fcf	net	final	share	c_share	m_cap	date	oper_m	prof_m	vat	asset_t	pe	navps	ntaps	p/ntaps	cps	l_cur	l_qui	l_cash	g_de	g_da	avg_w	inv_d	rec_d	pay_d
2012-10-29	2012	3	N/A	N/A	0.07	2.77%	8.17%	252948	756592	51838	173659	45167	133263	0.0960	0.2834	1812673	635927	358063	279063	-	1454610	167134	194864	272643	654016	27730	300373	353643	470253	470253	2040898	2012-09-30	20.58%	20.49%	12.87%	0.549	-	3.09	2.49	1.74	0.75	2.2788	2.2454	1.2673	0.2462	0.1975	35.9%	4	99	108
2012-08-28	2012	2	4.36	4.11	-	2.74%	5.40%	261403	503644	63148	121821	44662	88096	0.0950	0.1873	1753610	613496	344167	267856	-	1409443	120096	136815	291835	654016	16719	308554	345462	470253	470253	2007980	2012-06-30	24.13%	24.16%	29.27%	0.5618	-	3.0	2.45	1.74	0.73	2.2904	2.2566	1.2897	0.2442	0.1963	35.1%	4	94	108
2012-05-25	2012	1	4.6	4.05	0.56	3.03%	3.03%	242241	242241	58687	58687	49408	49408	0.1051	0.1051	2001370	939020	320149	247870	-	1681221	51169	31041	424	654016	20128	19704	673720	470253	470253	1890417	2012-03-31	24.15%	24.23%	15.81%	0.4804	-	3.58	3.08	1.31	1.43	3.7884	3.7484	2.718	0.1904	0.16	71.9%	5	92	103
2012-02-21	2011	4	4.69	3.7	0.1	2.45%	8.73%	238494	928016	51299	190153	44604	158927	0.0949	0.3380	1932229	905722	300516	231295	-	1631713	242598	123595	339748	874761	119003	220745	654016	470253	470253	1833986	2011-12-31	21.33%	21.51%	12.84%	0.4833	11.5398	3.47	3.02	1.29	1.39	3.9159	3.8766	2.8276	0.1842	0.1555	72.2%	4	90	95
2011-10-24	2011	3	4.1	3.54	-	2.53%	6.13%	242961	695282	60946	143978	45987	111465	0.0978	0.2370	1917106	911676	241716	191901	2883	1675390	165049	72890	313894	874761	92159	221735	653026	470253	470253	1815176	2011-09-30	25.08%	25.08%	24.71%	0.4822	-	3.56	3.12	1.24	1.39	4.7508	4.7063	3.4029	0.1445	0.1261	77.9%	4	92	95
2011-08-22	2011	2	3.9	3.0	0.07	1.58%	3.60%	237755	452321	46361	83032	28746	65478	0.0611	0.1392	2094522	1063580	251632	204361	2981	1842890	108418	60659	105807	874761	47759	58048	816713	470253	470253	1768151	2011-06-30	19.50%	19.50%	37.79%	0.4312	-	3.91	3.44	1.09	1.74	5.2044	5.1692	3.9964	0.1368	0.1201	95.1%	4	90	103
2011-04-27	2011	1	4.49	3.6	0.59	2.02%	2.02%	214566	214566	36671	36671	36732	36732	0.0781	0.0781	2157481	1119382	232329	195433	2884	1925152	59503	38206	N/A	874761	21297	21297	896058	470253	470253	1777556	2011-03-31	17.07%	17.09%	-	0.414	-	4.09	3.99	0.95	1.91	5.7277	5.6861	4.585	0.1209	0.1077	103.4%	4	82	100
2011-02-22	2010	4	4.19	3.66	0.1	1.55%	8.39%	229067	887893	40729	200149	28686	154935	0.0610	0.3295	2156380	1110552	336595	235620	2929	1819785	220980	50368	98753	802902	170612	71859	874761	470253	470253	1819879	2010-12-31	17.71%	17.78%	29.39%	0.4118	11.7461	3.86	3.34	1.16	1.86	4.7133	4.682	3.7126	0.1853	0.1561	98.5%	4	87	103
2010-10-25	2010	3	3.95	3.52	-	2.18%	6.31%	221723	658826	54327	149781	40266	116610	0.0856	0.2480	2140615	1129955	243030	198845	2750	1897585	166191	10782	74065	802902	155409	81344	884246	470253	470253	1721125	2010-09-30	24.44%	24.50%	26.16%	0.4127	-	4.03	3.91	0.94	1.88	5.6826	5.6454	4.4469	0.1283	0.1135	105.4%	4	95	104
2010-08-23	2010	2	3.7	3.57	0.07	1.92%	4.13%	227840	437103	50384	95454	35507	76344	0.0755	0.1623	2071816	1036070	214348	173006	2899	1857468	99190	4299	74065	802902	94891	20826	823728	470253	470253	1749341	2010-06-30	22.01%	22.11%	29.41%	0.4247	-	3.94	3.81	0.98	1.75	5.9886	5.9521	4.7613	0.1156	0.1035	98.1%	3	84	91
2010-04-29	2010	1	3.8	3.1	-	2.21%	2.21%	209263	209263	45070	45070	40837	40837	0.0868	0.0868	2108968	1050733	213003	174569	2838	1895965	49665	1293	N/A	802902	48372	48372	851274	470253	470253	1547132	2010-03-31	21.50%	21.54%	9.17%	0.4044	-	4.03	3.89	0.85	1.81	6.019	5.9842	4.8764	0.1125	0.101	102.7%	3	82	94
2010-02-23	2009	4	3.75	3.22	0.11	2.10%	7.86%	224568	831415	38534	167986	37755	141043	0.0803	0.2999	2063713	975336	216066	169406	2740	1847647	288183	27168	88372	630259	261015	172643	802902	470253	470253	1523619	2009-12-31	17.08%	17.16%	2.07%	0.4029	10.8025	3.92	3.77	0.86	1.71	5.7574	5.7235	4.7395	0.1171	0.1047	96.9%	3	72	93
2009-10-26	2009	3	3.24	3.0	-	2.48%	5.76%	218331	606847	56077	129452	44558	103288	0.0948	0.2196	2053014	937030	218416	163922	2758	1834598	168363	23116	63484	630259	145247	81763	712022	470253	470253	1429569	2009-09-30	25.62%	25.68%	20.61%	0.4087	-	3.9	3.74	0.81	1.51	5.7163	5.6779	4.3437	0.1192	0.1064	92.1%	3	76	87
2009-08-24	2009	2	3.1	2.92	0.07	1.61%	3.27%	200752	388516	37772	73375	28862	58730	0.0614	0.1249	1979088	851856	189009	134515	2797	1790079	86110	4130	63484	630259	81980	18496	648755	470253	470253	1410759	2009-06-30	18.61%	18.82%	23.38%	0.4391	-	3.8	3.63	0.83	1.38	6.3328	6.2844	4.8229	0.1058	0.0955	82.5%	3	60	67
2009-04-20	2009	1	3.15	2.64	-	1.66%	1.66%	187764	187764	35603	35603	29868	29868	0.0635	0.0635	2024488	867817	199867	145373	2717	1824621	33419	8423	N/A	630259	24996	24996	655255	470253	470253	1373138	2009-03-31	18.98%	18.96%	16.10%	0.4433	-	3.87	3.7	0.79	1.4	5.9696	5.9239	4.5137	0.1097	0.0987	80.5%	3	63	70
2009-02-23	2008	4	2.93	2.54	0.08	3.15%	8.99%	232293	946185	25921	164155	54491	155615	0.1159	0.3309	2012753	849040	218004	163510	2713	1794749	208469	107110	94556	623456	101359	6803	630259	470253	470253	1194442	2008-12-31	11.16%	11.16%	-	0.4701	7.6756	3.81	3.62	0.7	1.34	5.1926	5.1501	3.8579	0.1217	0.1083	72.5%	3	67	75
2008-10-24	2008	3	2.68	2.2	-	1.89%	5.51%	248193	713892	48147	141868	32665	95491	0.0695	0.2031	2000646	813717	242661	164581	2685	1757985	145089	87954	69597	623457	57135	12462	610995	470253	470253	1095689	2008-09-30	19.35%	19.40%	32.10%	0.4716	-	3.73	3.54	0.66	1.3	4.9442	4.9017	3.7221	0.1382	0.1213	68.8%	3	75	79
2008-08-21	2008	2	3.1	2.25	0.07	1.69%	3.63%	229172	465699	43969	93721	29334	62826	0.0624	0.1336	1967304	766905	242013	163933	2656	1725291	83815	79562	69597	623457	4253	65344	558113	470253	470253	1410759	2008-06-30	19.15%	19.19%	33.06%	0.471	-	3.66	3.46	0.87	1.19	4.6782	4.6383	3.408	0.1405	0.123	65.1%	3	79	80
2008-04-30	2008	1	3.38	2.91	-	1.93%	1.93%	236527	236527	49752	49752	33492	33492	0.0712	0.0712	2014345	809737	248889	170809	2558	1765456	48877	56766	N/A	623457	7889	7889	615568	470253	470253	1467189	2008-03-31	20.99%	21.03%	32.49%	0.4567	-	3.75	3.53	0.88	1.31	4.7406	4.7023	3.6109	0.1412	0.1236	69.5%	3	74	84
2008-02-21	2007	4	3.34	3.0	0.08	2.48%	9.06%	229583	885517	58844	204123	41389	151279	0.0880	0.3217	1980040	807282	248174	170094	2713	1731866	224061	118432	91570	609398	105629	14059	623457	470253	470253	1406056	2007-12-31	25.47%	25.63%	29.61%	0.4472	9.2945	3.68	3.45	0.87	1.33	4.7461	4.705	3.6667	0.1435	0.1253	72.0%	4	73	88
2007-11-01	2007	3	3.14	2.9	-	2.33%	5.85%	231336	655934	58007	145268	38827	97732	0.0826	0.2078	1945915	788672	252649	159849	2427	1693266	162521	78434	73806	609361	84087	10281	619642	470253	470253	1396651	2007-09-30	25.04%	25.07%	33.10%	0.4458	-	3.6	3.36	0.88	1.32	4.9339	4.8969	3.8764	0.1494	0.1298	72.5%	3	69	83
2007-08-20	2007	2	2.98	2.92	0.05	1.95%	3.53%	222501	424598	48349	87261	32599	58905	0.0693	0.1253	1903220	754438	248761	155961	2447	1654459	105745	51778	73806	609361	53967	19839	589522	470253	470253	1344923	2007-06-30	21.64%	21.73%	32.55%	0.3343	-	3.51	3.27	0.87	1.25	4.8374	4.804	3.7799	0.1506	0.1307	94.1%	4	92	104
2007-04-23	2007	1	N/A	N/A	-	1.58%	1.58%	202097	202097	38912	38912	26306	26306	0.0559	0.0559	1936350	777491	240694	147894	2437	1695656	35444	33373	N/A	609361	2071	2071	611432	470253	470253	1438974	2007-03-31	19.23%	19.25%	32.38%	0.2137	-	3.6	3.35	0.91	1.3	5.2571	5.2251	4.1343	0.1422	0.1243	152.2%	5	142	155
2007-02-26	2006	4	N/A	N/A	0.12	N/A	N/A	211606	834002	49249	165320	36517	116101	0.0777	0.2469	1906195	754213	236850	144050	2432	1669345	226727	123053	50787	556474	103674	52887	609361	470253	470253	1170929	2006-12-31	23.07%	23.27%	25.77%	0.111	10.0854	3.54	3.28	0.76	1.3	5.2358	5.1917	4.2302	0.1421	0.1243	288.3%	14	239	302

Financial Quarter Balance Sheet

year	qrt	Deferred tax assets (A-0)	Intangible assets (A-0)	Investment in associated companies (A-0)	Investment properties (A-0)	Other investments (A-0)	Prepaid lease payments (A-0)	Property, plant and equipment (A-0)	Receivables (A-0)	Cash and cash equivalents (A-1)	Current tax assets (A-1)	Inventories (A-1)	Trade receivables (A-1)	Concession liabilities (L-0)	Deferred tax liabilities (L-0)	Due to a Corporate Shareholder of a Subsidiary (L-0)	Hire purchase liabilities (L-0)	Loans & borrowings (L-0)	Bank overdraf (L-1)	Concession liabilities (L-1)	Current tax liabilities (L-1)	Hire purchase liabilities (L-1)	Loans & borrowings (L-1)	Trade and other payables (L-1)	Minority interest (M-1)
2012	3	23618	281495	8075	2121	1534	5766	853611	526	353643	3801	9330	269153	3927	49450	-	-	25623	-	38384	468	-	13166	227045	-
2012	2	21196	258508	7907	2136	1534	5841	842466	526	345462	4642	9049	254343	11604	52260	-	-	12447	-	38384	164	-	6766	222542	-
2012	1	21628	231278	7546	2151	1534	5917	791807	489	673720	14145	9895	241260	19280	47649	-	5350	-	-	38384	-	1289	-	208197	-
2011	4	13412	212874	7355	2166	1534	5992	782648	526	654016	11972	9094	230640	26957	36490	-	5774	-	-	38384	85	1289	-	191537	-
2011	3	11465	207192	6929	2185	1534	6066	769531	528	653026	16563	8535	233552	-	49815	-	-	-	-	-	113	-	-	191788	2883
2011	2	12297	220365	6922	2200	1534	6141	780955	528	816713	17528	7195	222144	-	47271	-	-	-	-	-	473	-	-	203888	2981
2011	1	11822	48041	6926	2214	1534	6216	960818	528	896058	14486	8130	200708	-	36896	-	-	-	-	-	464	-	-	194969	2884
2010	4	13729	246744	6885	2230	1534	6292	767886	528	874761	15652	7384	212755	54435	46540	-	-	-	-	38384	419	-	-	196817	2929
2010	3	11865	56809	6734	2235	1527	148171	782842	477	884246	9147	7404	229158	-	44185	-	-	-	-	-	192	-	-	198653	2750
2010	2	11659	61192	6588	2251	1527	148901	803151	477	823728	2491	6329	203522	-	41342	-	-	-	-	-	-	-	-	173006	2899
2010	1	11473	65576	6362	2278	1527	149630	820912	477	851274	2641	6074	190744	-	38434	-	-	-	-	-	-	-	-	174569	2838
2009	4	13380	69960	6276	2294	1534	150359	844097	477	802902	3458	5742	163234	-	46660	-	-	-	-	-	736	-	-	168670	2740
2009	3	11523	74343	6100	2310	1527	151091	867888	1202	712022	43790	6298	174920	-	54494	-	-	-	-	-	1249	-	-	162673	2758
2009	2	11523	78726	5954	2326	1534	151821	872951	2397	648755	53274	6515	143312	-	54494	-	-	-	-	-	2262	-	-	132253	2797
2009	1	11523	83110	5535	2342	1534	152550	898340	1737	656167	49265	6641	155744	-	54494	-	-	-	912	-	1791	-	-	142670	2717
2008	4	11523	87494	5574	2358	1534	153279	901354	597	630813	38197	6943	173087	-	54494	-	-	-	554	-	2114	-	-	160842	2713
2008	3	9349	91877	5575	2373	1534	154011	920325	1885	612588	-	6997	194132	-	77880	200	-	-	1593	-	1897	-	-	161091	2685
2008	2	9349	96261	5453	2389	1534	154739	928940	1734	558687	-	6530	201688	-	77880	200	-	-	574	-	6079	-	-	157280	2656
2008	1	9349	100645	5360	2405	1534	155470	928226	1619	616781	-	6541	186415	-	77880	200	-	-	1213	-	6498	-	-	163098	2558
2007	4	9349	105028	5250	2422	1534	156199	892395	581	623683	4	6983	176612	-	77880	200	-	-	226	-	5621	-	-	164247	2713
2007	3	6953	109411	4890	4780	1479	-	1027395	2335	619642	-	5906	163124	-	92000	800	-	-	-	-	6866	-	-	152983	2427
2007	2	6953	113795	4803	4812	1480	-	1014411	2528	589522	-	5195	159721	-	92000	800	-	-	-	-	12921	-	-	143040	2447
2007	1	6953	118178	4594	4845	1480	-	1020495	2314	611432	-	4732	161327	-	92000	800	-	-	-	-	9156	-	-	138738	2437
2006	4	6953	123681	4537	4878	1452	159119	850417	945	609361	-	6346	138506	-	92000	800	-	-	-	-	9407	-	-	134643	2432

Financial Quarter Income Statement

year	qrt	Revenue	Income tax expense	Finance/interest costs	Other income	Administrative/Operating expenses	Minority interest	Share of profit/ (loss) of associates
2012	3	252948	6671	385	3131	204024	-	168
2012	2	261403	18486	298	6103	204421	-	361
2012	1	242241	9279	-	6535	190279	-	190
2011	4	238494	6587	-	9220	196840	108	425
2011	3	242961	15057	-	6720	188743	98	8
2011	2	237755	17518	-	9113	200503	97	4
2011	1	214566	16	-	8144	186080	45	41
2010	4	229067	11971	-	10001	198491	72	152
2010	3	221723	14210	-	11569	179111	149	146
2010	2	227840	14816	-	7604	185286	61	226
2010	1	209263	4135	-	8247	172525	98	85
2009	4	224568	797	-	4403	190614	18	177
2009	3	218331	11558	-	9329	171729	39	146
2009	2	200752	8830	-	6470	169869	80	419
2009	1	187764	5731	-	21326	173447	4	40
2008	4	232293	28598	-	6670	213041	28	1
2008	3	248193	15453	0	13672	213840	29	122
2008	2	229172	14537	2	7177	192471	98	93
2008	1	236527	16162	-	6721	193606	98	110
2007	4	229583	17422	-	14461	185561	33	361
2007	3	231336	19200	10	7636	181041	20	86
2007	2	222501	15740	1	6613	180973	10	209
2007	1	202097	12601	-	9298	172540	5	57
2006	4	211606	12693	-	7794	170577	39	426

Financial Quarter Segments Revenue

year	qrt	Elimination/Adjustment	Investment holding	Port	Haulage / Logistics
2012	3	4830	-	168040	89738
2012	2	4884	-	178712	87575
2012	1	4817	-	162607	84451
2011	4	10381	-	179087	69542
2011	3	4280	-	185249	61992
2011	2	4055	-	178916	64571
2011	1	4074	-	163991	54649
2010	4	12094	-	172163	68999
2010	3	2020	-	177063	46680
2010	2	2832	-	177023	53649
2010	1	3069	-	162353	49979
2009	4	6566	2228	170755	58151
2009	3	2927	695	162146	58417
2009	2	95032	93183	146427	56174
2009	1	3119	1014	132916	56953
2008	4	3168	1127	155670	78664
2008	3	2927	933	175408	75337
2008	2	2875	804	173318	57925
2008	1	4330	1106	168419	71332
2007	4	544847	540776	174462	59192
2007	3	74639	71519	171674	62782
2007	2	15113	11910	158581	67123
2007	1	37513	34389	149313	55908
2006	4	64357	60230	163645	52088

Financial Quarter Segments Profit

year	qrt	Elimination/Adjustment	Investment holding	Port	Haulage / Logistics	Associates
2012	3	241	-	51774	305	-
2012	2	1266	-	58444	3324	-
2012	1	731	-	53753	4303	-
2011	4	1090	-	54029	6956	-
2011	3	1665	-	56937	2344	-
2011	2	2946	-	41305	2110	-
2011	1	3517	-	36377	3223	-
2010	4	2544	-	20031	10264	-
2010	3	2746	-	54124	2543	-
2010	2	2341	-	52680	4637	-
2010	1	2295	-	44452	1677	-
2009	4	-	2136	30718	5503	177
2009	3	-	2464	51651	1816	146
2009	2	-	2111	32684	2558	419
2009	1	-	3489	33012	858	40
2008	4	-	3653	21707	562	1
2008	3	-	3816	42121	2088	122
2008	2	-	4073	40174	371	93
2008	1	-	4462	43812	1368	110
2007	4	-	1597	50141	6745	361
2007	3	-	619	56784	518	86
2007	2	-	876	45515	1749	209
2007	1	-	603	35884	2368	57
2006	4	-	1041	46431	1351	426

Short form reference
a_date = announcement date, yr = financial year end, qrt = quarter
h_price = stock highest price during the quarter, l_price = stock lowest price during the quarter
div = dividend recommend or declare in the quarter, roe = return on equity
c_roe = cumulative of return on equity during the financial year
rev = revenue in the current quarter, c_rev = cumulative of revenue during the financial year
pbt = profit before tax in the current quarter, c_pbt = cumulative of profit before tax during the financial year
eps = earnings per share in the current quarter, c_eps = cumulative of earnings per share during the financial year
asset = total asset, liab = total liability, mino = minority interest, equi = total equity
cfo = net cash flow from operating activities, cfi = net cash flow from investing activities
cff = net cash flow from financing activities, cash = cash and cash equivalents as at beginning of financial year
final = cash and cash equivalents as at current financial period ended
share = diluted/basic weighted average number of ordinary shares
c_share = cumulative of diluted/basic weighted average number of ordinary shares during the financial year
m_cap = market capital at announcement date of quarterly report, date = current financial period ended date
prof_m = profit margin, vat = income tax rate, pe = price earning per share ratio of recent four quarter
navps = net asset value per share, ntaps = net tangible asset per share, cps = cash per share
l_cur = liquidity current ratio, l_qui = liquidity quick ratio, l_cash = liquidity cash ratio
g_de = gearing debt to equity ratio, g_da = gearing debt to assets ratio
avg_w = working capital per thousand Ringgit sale
inv_d = days to sell the inventory, rec_d = days to collect the receivables
pay_d = days to pay the payables

CURRENT

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●CHANGES IN SHAREHOLDING
●ANNUAL REPORTS

HISTORICAL

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ARCHIVES

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●CHANGES IN SHAREHOLDING

ARCHIVES

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●CHANGES IN SHAREHOLDING