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Monday, December 3, 2012

KLCI Stock - ICAP / 5108 - 2013 Quarter 1

ICAPITAL.BIZ BERHAD


Company Description
ICAPITAL.BIZ BERHAD is a closed-end fund operating in Malaysia. It is engaged in investing in a diversified portfolio of quoted securities. The Fund principally invests in undervalued companies, which are listed on the Main and Second Boards of Bursa Malaysia Securities Berhad (Bursa Securities) and the MESDAQ Market of Bursa Securities. It can also invest up to 10% of its asset value in unlisted companies. During the fiscal year ended May 31, 2009, the Fund sold its holdings in Axiata Group Berhad (formerly known as TM International Berhad), VADS Berhad and Air Asia Berhad. The Fund is managed by a fund manager, Capital Dynamics Asset Management Sdn. Bhd.

Company Info 
Listing Date2005-10-19
Market Capital (Capital Size)326,200,000 (Small)
Par ValueRM 1.00
BoardMain
SectorClosed/Fund
Major IndustrySecurities Investment
Sub IndustryFund Management
Websitehttp://www.icapital.biz

My Analysis 
Forecast P/E nowN/A
Target Price2.6
DecisionBUY if stock price uptrend with SMA5 or wait steady sustain above SMA50
Comment
Revenue increased 12.9% but lower than preceding year corresponding quarter 43.7%, eps increased 50% but lower than preceding year corresponding quarter 61.8%, got cash generated from operating but lower than preceding year, latest NAV at RM3.01, increased from RM2.86 and still continue increasing
First Support Price2.28
Second Support Price2.2
Risk RatingMODERATE

Accounting Ratio 
Return on Equity2.96%
Dividend Yield-
Operating Profit Margin68.91%
Net Profit Margin68.91%
Tax Rate28.41%
Asset Turnover0.0494
Net Asset Value Per Share3.01
Net Tangible Asset per share3.01
Price/Net Tangible Asset Per Share0.75
Cash Per Share0.99
Liquidity Current Ratio430.7108
Liquidity Quick Ratio430.7108
Liquidity Cash Ratio426.4646
Gearing Debt to Equity Ratio8.0E-4
Gearing Debt to Asset Ratio8.0E-4
Working capital per thousand Ringgit sale671.6%
Days to sell the inventory-
Days to collect the receivables24
Days to pay the payables13

Technical Analysis 
SMA 102.329 (Downtrend)
SMA 202.387 (Uptrend 3 days)
SMA 502.325 (Uptrend)
SMA 1002.286 (Uptrend)
SMA 2002.241 (Same)
MACD (26d/12d)-0.006648 ( 0.000513 )
Signal (9)0.005665 ( 0.003078 )
MACD Histogram0.012313 (Bearish trend 10 days)
Bolinger Upper Band2.581
Bolinger Lower Band2.193

My notes based on 2013 quarter 1 report (number in '000):-
- The NAV per share increased by 5.2% in the first quarter ended 31 August 2012 to RM3.01, compared with the preceding quarter of RM2.86
- The NAV per share increased by 0.04% in the fourth quarter ended 31 May 2012 to RM2.86, compared with the preceding quarter of RM2.85
- The NAV per share increased by 6.7% in the third quarter ended 29 February 2012 to RM2.85, compared with the preceding quarter of RM2.67
- The NAV per share increased by 1.5% in the second quarter ended 30 November 2011 to RM2.67, compared with the preceding quarter of RM2.63
- The NAV per share decreased by 5% in the first quarter ended 31 August 2011 to RM2.63, compared with the preceding quarter of RM2.77
- The NAV per share increased by 8% in the fourth quarter ended 31 May 2011 to RM2.77, compared with the preceding quarter of RM2.56
- The NAV per share increased by 4% in the third quarter ended 28 February 2011 to RM2.56, compared with the preceding quarter of RM2.47
- The NAV per share increased by 6% in the second quarter ended 30 November 2010 to RM2.47, compared with the preceding quarter of RM2.32
- The NAV per share increased by 10% in the first quarter ended 31 August 2010 to RM2.32, compared with the preceding quarter of RM2.1

ICAP latest news (English)

ICAP latest news (Chinese)


Financial Quarter Summary
a_dateyearqrth_pricel_pricedivroec_roerevc_revpbtc_pbtprofc_profepsc_epsassetc_assetliabc_liabminoequicfocficffcashfcfnetfinalsharec_sharem_capdateoper_mprof_mvatasset_tpenavpsntapsp/ntapscpsl_curl_quil_cashg_deg_daavg_winv_drec_dpay_d
2012-09-1920131N/AN/A-0.64%0.64%5179517935693569255525550.01830.0183421355139981325325-4210304866N/AN/A133735486648661386011400001400003164002011-08-3168.91%68.91%28.41%0.0494-3.013.010.750.99430.7108430.7108426.46468.0E-48.0E-4671.6%-2413
2012-07-24201242.352.18-0.44%4.05%4586248221997176901709157310.01220.1124400022137364263263-399759141803647N/A11590817827178271337351400001400003052002012-05-3143.55%43.55%14.42%0.06219.40122.862.860.760.96522.2966522.2966508.49817.0E-47.0E-4552.4%-4813
2012-04-30201232.242.08-0.95%3.61%5514202354009156923707140220.02650.100240326813952541324132-399136146093648N/A11590818257182571341651400001400003108002012-02-2972.71%72.71%7.53%0.0654-2.852.850.780.9633.766933.766932.46970.01040.0102513.4%-19N/A
2011-12-21201222.32.03-0.93%2.66%5515147203989116833606103160.02580.073737762613554238563856-37377014834N/AN/A11590814834148341307421400001400002870002011-11-3072.33%72.33%9.60%0.0736-2.672.670.770.9335.150935.150933.90610.01030.0102473.8%-142
2011-09-13201212.061.9-1.73%1.73%9205920576947694671067100.04790.047937119112958236583658-3675338668N/AN/A115908866886681245761400001400002828002011-08-3183.59%83.59%12.79%0.0676-2.632.630.770.8935.424335.424334.05580.010.0099501.7%-2313
2011-07-06201142.21.92-1.33%4.88%6136199364039139173113114590.02220.0819388865118358635635-38823011983N/AN/A10392511983119831159081400001400003066002011-05-3165.82%65.82%22.93%0.051326.75632.772.770.790.83186.3906186.3906182.53230.00160.0016590.5%-4239
2011-04-26201132.372.14-2.17%3.55%69361380055429878508983460.03640.059635944410940915561556-3578882317N/AN/A103925231723171062421400001400003038002011-02-2879.90%79.90%8.17%0.1308-2.562.560.850.7670.314370.314368.27890.00430.0043229.3%-112
2011-01-10201122.212.05-0.52%1.39%2823686415244336122532570.00880.0233346278105693N/AN/A-346278723N/AN/A1039257237231032021400001400003024002010-11-3053.99%53.99%19.62%0.1302-2.472.470.870.74N/AN/AN/AN/AN/A234.4%-20N/A
2010-10-29201112.172.02-0.87%0.87%4041404128122812203220320.01450.0145324536105006245245-324291577N/AN/A1039255775771033481400001400002884002010-08-3169.59%69.59%27.74%0.1346-2.322.320.890.74428.5959428.5959421.82868.0E-48.0E-4239.9%-1118
2010-06-22201042.081.78-15.76%18.37%3322742224319463764431294364770.22350.2606234993106266149149-23484466483N/AN/A3744266483664831039251400001400002576002010-05-3196.14%96.14%2.04%0.17977.0621.681.681.10.74713.1946713.1946697.48326.0E-46.0E-4251.3%-1512
2010-04-23201031.841.66-1.77%2.61%5002899737565698350951830.02510.0370203838385186161-2037772496N/AN/A3744224962496349461400001400002450002010-02-2875.09%75.09%6.58%-0.0139-1.461.461.20.25631.4426631.4426572.88523.0E-43.0E-4-1358.9%--3317
2010-01-21201021.91.69-0.17%0.84%13973995318194233516740.00240.0120200303321283535-2002687534N/AN/A3744275347534299081400001400002548002009-11-3022.76%22.76%--0.0247-1.431.431.270.21917.9429917.9429854.51432.0E-42.0E-4-648.7%--953
2009-09-14201011.861.74-0.67%0.67%2598259816241624133913390.00960.0096199964378803131-1999331205N/AN/A3744212051205362371400001400002534002009-08-3162.51%62.51%17.55%0.048-1.431.431.270.261221.93551221.93551168.93552.0E-42.0E-4394.3%-273
2009-06-25200941.861.63-6.03%3.26%-11827114141187974891160062690.08290.044819872842287134134-19859423790N/AN/A612322379023790374421400001400002310002009-05-31100.44%100.44%-0.057436.8481.421.421.160.27315.5746315.5746279.41797.0E-47.0E-4369.3%-12912
2009-04-08200931.711.45-0.26%9.29%288523241103419368496178690.00350.12762102006520266-2101941826N/AN/A6123218261826630581400001400002016002009-02-2835.84%35.84%52.03%0.1281-1.51.50.960.4510867.010867.010509.6667N/AN/A242.1%-28N/A
2009-01-08200921.481.25-7.66%9.03%1594420356150071833414737173730.10530.12412111827673614841484-20969814328N/AN/A612321432814328755601400001400001960002008-11-3094.12%94.12%1.80%0.2577-1.51.50.930.5451.708951.708950.91640.00710.0070138.3%-8112
2008-09-09200911.791.15-1.37%1.37%4412441233273327263626360.01880.0188195042579938181-1949614449N/AN/A6123244494449567831400001400002506002008-08-3175.41%75.41%20.77%0.245-1.391.391.290.41715.963715.963701.02474.0E-44.0E-4121.2%-91
2008-06-20200842.01.69-1.11%25.50%3693456662422411191698390810.01210.27921950936295527682768-1923255813N/AN/A5541958135813612321400001400002786002008-05-3165.58%65.58%29.89%0.23417.12881.371.371.450.4422.743922.743922.12140.01440.0142131.8%-14218
2008-04-23200832.31.94-18.71%24.39%3036741974291813869828678373710.20480.26691906227544577-19061511361N/AN/A554191136111361667801400001400003052002008-02-2996.09%96.09%1.72%0.2308-1.361.361.60.4810777.857110777.85719540.0N/AN/A171.5%-701
2008-01-08200822.812.02-5.11%5.67%93141160781909517783886930.05600.0621161948501601111-1619376252N/AN/A5541962526252491671400001400003920002007-11-3087.93%87.93%4.30%0.0954-1.161.162.410.354560.04560.04469.72731.0E-41.0E-4324.6%-191
2007-10-30200812.822.28-0.56%0.56%22932293132713278558550.00610.0061154110433401111-15409913806N/AN/A554191380613806416131400001400003276002007-08-3157.87%57.87%35.57%0.0398-1.11.12.130.33940.03940.03783.01.0E-41.0E-4706.4%-901
2007-06-2620074N/AN/A-N/AN/A202219876103716754700146000.00500.104315337057369126126-1532445165N/AN/A6058451655165554191400001400002212002007-05-3150.89%51.29%32.50%0.02515.15071.091.091.450.4455.3095455.3095439.83338.0E-48.0E-41490.3%-17026
2007-03-1420073N/AN/A-N/AN/A181917854107115717572139000.00410.099315340760374863863-152544898N/AN/A60584898898596861400001400002086002007-02-2859.04%58.88%46.59%0.0119-1.091.091.370.4369.958369.958369.16110.00570.00563271.6%-132423

Financial Quarter Balance Sheet
yearqrtOther investments (A-0)Cash and cash equivalents (A-1)Current tax assets (A-1)Deposits with licensed banks (A-1)Other receivables, deposits and prepayments (A-1)Payables and accruals (L-1)Provision for taxation (L-1)
20131281374139-138462138026263
201242626581643761335713253263-
201232637431543999134011136144128
2012224208412737171306151083303826
20121241609314344112426215652163442
201142705072041791157042271635-
20113250035264417651035981402241532
2011224058544751031582416--
201112195306483181027001340245-
201041287272485581036771783149-
2010316532029100334917256961-
201021681751892829890129235-
201011620849689223526972131-
2009415644122800374204045134-
200931449988436305021016-
20092134446104-7545611761375109
20091137049992-557911210972
200841321382642-585901723272147
20083115177241996675684667-
20082111788761884909180511-
2008111077021321141400151611-
2007496001319157551001793126-
20073930331532959533659863-

Financial Quarter Income Statement
yearqrtRevenueIncome tax expenseAdministrative/Operating expensesListing expenses
20131517910141610-
2012445862882589-
2012355143021505-
2012255153831526-
2012192059841511-
2011461369262097-
2011369364531394-
2011228232991299-
2011140417801229-
20104332276521281-
2010350022471246-
201021397171079-
201012598285974-
200941182727952-
2009328855381851-
2009215944270937-
2009144126911085-
2008436937241271-
20083303675031186-
2008293143521124-
200812293472966-
2007420223379938
2007318194997453

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


CHANGES IN SHAREHOLDING
ANNUAL REPORTS


HISTORICAL


CHANGES IN SHAREHOLDING


ARCHIVES


CHANGES IN SHAREHOLDING

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