KLCI Stock - KNM / 7164 - 2012 Quarter 3

KNM GROUP BERHAD


Company Description

KNM Group Berhad is engaged in investment holding activities and provision of management services. The Company, through its subsidiaries, is engaged in the business of designing and manufacturing process equipment for oil, gas, petrochemicals, minerals processing, desalination, renewable energy, environmental and power industries. The Company's wholly owned subsidiaries include KNM Process Systems Sdn. Bhd. (KNMPS), KNM International Sdn. Bhd. (KNMI), KNM Capital Sdn. Bhd., KNM Management Services Sdn. Bhd., KNM Renewable Energy Sdn. Bhd. and KNM Capital Labuan Limited. In June 2008, KNMPS acquired 100% equity interest in Borsig. In October 2 008, KNMPS and KNMI completed their acquisition of 80% equity interest in HZM Industrial Ltda, HZM Servicos de Manutencao E Montagens Ltda and HZM S.A. Industria e Comercio de Equipamentos (HZM Companies). In November 2009, the Company acquired 100% interest in KNM Services (Singapore) Pte. Ltd. (KNMSS).

Company Info 

Listing Date	2003-08-11
Market Capital (Capital Size)	677,956,029 (Medium)
Par Value	RM 1.00
Board	Main
Sector	Industrial Products
Major Industry	Process Equipment for Oil & Gas
Sub Industry	Heat Exchanger
Website	http://www.knm-group.com

My Analysis 

Forecast P/E now	0.455/0.0929 = 4.90 (Moderate)
Target Price	0.0929*5.7 = 0.53 (PE 5.7, EPS 0.0929)
Decision	Short term buy if stock price sustain above 0.44 and got strong buy volume or wait next MACD bullish trend start
Comment	Revenue increased 3.9% and was fourth consecutive quarter increasing (higher than preceding year corresponding quarter 36.9%), eps increased 30.3% and was largely turnaround from loss compared to preceding year corresponding quarter, no cash generated from any of cash flow hence spent 69.6% of Group cash to cover all expenses, assets indicate Group not much expand, operating margin remain low, liquidity ratio indicate getting hard to meet current obligation hence rights issue, gearing ratio indicate very high liabilities risk, all accounting of turnover period still cannot generate much cash flow, asian and europe segments business segment still got good amount of profit but americas still loss
First Support Price	0.44
Second Support Price	0.42
Risk Rating	HIGH

Research House

Jupiter Target Price	0.79 (2012-08-17)
AMMB Target Price	0.55 (2012-11-21)
Maybank Target Price	0.6 (2012-11-21)
OSK Target Price	0.49 (2012-11-21)
HwangDBS Target Price	0.55 (2012-11-23)
MIDF Target Price	0.41 (2012-11-23)
RHB Target Price	0.55 (2012-11-23)
TA Target Price	0.74 (2012-11-23)
Kenanga Target Price	0.53 (2012-12-14)

Accounting Ratio 

Return on Equity	7.18%
Dividend Yield	-
Operating Profit Margin	5.72%
Net Profit Margin	3.75%
Tax Rate	-
Asset Turnover	0.6227
Net Asset Value Per Share	1.66
Net Tangible Asset per share	0.32
Price/Net Tangible Asset Per Share	1.5
Cash Per Share	0.13
Liquidity Current Ratio	0.8271
Liquidity Quick Ratio	0.4867
Liquidity Cash Ratio	0.0749
Gearing Debt to Equity Ratio	1.33
Gearing Debt to Asset Ratio	0.5702
Working capital per thousand Ringgit sale	-12.5%
Days to sell the inventory	94
Days to collect the receivables	187
Days to pay the payables	154

Technical Analysis 

SMA 10	0.462 (Uptrend)
SMA 20	0.457 (Downtrend 46 days)
SMA 50	0.504 (Downtrend)
SMA 100	0.532 (Same)
SMA 200	0.609 (Downtrend)
MACD (26d/12d)	-0.011612 ( 0.000378 )
Signal (9)	-0.015058 ( 0.000861 )
MACD Histogram	0.003446 (Bullish trend 10 days)
Bolinger Upper Band	0.524
Bolinger Lower Band	0.39

My notes based on 2012 quarter 3 report (number in '000):-
- Higher revenue and pbt due to higher job progress recognition on stronger order book and stable contribution margin from projects

- Asia & Oceanic Segment has continued to contribute positively and has recorded a marked turned around compared to the previous year. Efforts to strengthen profitability are on-going through various initiatives undertaken during the quarter under review, to improve cost efficiency and productivity

- Europe Segment contribution remains positive as it continues to operate with the strong order book. Profitability improved with higher project revenue recognition and better contribution margin

- Americas Segment continue to be weighed down by South America with further losses arising on the back of delayed realization of new orders

- Estimate next 4Q eps after 2012 Q3 result announced = 0.0885*1.05 = 0.0929, estimate PE on current price 0.455 = 4.9
- Estimate next 4Q eps after 2012 Q2 result announced = 1648151*0.08/977845 = 0.1348 or 1648151*0.08/1490013 = 0.0885, estimate highest/lowest PE = 5.68/5.25
- Estimate next 4Q eps after 2012 Q1 result announced = 1625722*0.08/977848 = 0.133, estimate highest/lowest PE = 5.86/4.21
- No estimate next 4Q eps after 2011 Q4 result announced due to loss
- No estimate next 4Q eps after 2011 Q3 result announced due to loss
- Estimate next 4Q eps after 2011 Q2 result announced = 0.0889*0.9 = 0.08, estimate highest/lowest PE = 18.63/13.75(DPS 0.02)
- Estimate next 4Q eps after 2011 Q1 result announced = (0.0194+0.021)*2*1.1 = 0.0889, estimate highest/lowest PE = 16.65/12.26 (DPS 0.02)
- Estimate next 4Q eps after 2010 Q4 result announced = 0.0655*2*1.1 = 0.1441, estimate highest/lowest PE = 20.12/15.68 (DPS 0.03)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.0089*4*1.2 = 0.0427(use VAT 15%, include incoming new contract), estimate highest/lowest PE = 15.36/10.54
- No estimate for next 4Q eps after 2010 Q2 result announced
- No estimate for next 4Q eps after 2010 Q1 result announced
- No estimate for next 4Q eps after 2009 Q4 result announced
- Estimate next 4Q eps after 2009 Q3 result announced = 0.0081*4 = 0.0324, estimate highest/lowest PE = 11.67/9.39 (DPS 0.015)
- Estimate next 4Q eps after 2009 Q2 result announced = 0.0181*4 = 0.0724, estimate highest/lowest PE = 11.67/9.39 (DPS 0.015)
- Estimate next 4Q eps after 2009 Q1 result announced = 0.0250*4 = 0.1, estimate highest/lowest PE = 10.45/7
- Estimate next 4Q eps after 2008 Q4 result announced = 0.0214*4 = 0.0856, estimate highest/lowest PE = 9.7/3.56 (DPS 0.015)

KNM latest news (English)

KNM 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
2012-11-20	2012	3	N/A	N/A	-	2.74%	7.01%	609497	1782024	22879	60588	44117	113011	0.0451	0.1156	3793007	1408249	2162715	1702549	4199	1630292	15410	45861	216668	399167	61271	277939	121228	977844	977844	469365	2012-09-30	5.72%	3.75%	-	0.6227	-	1.66	0.32	1.5	0.13	0.8271	0.4867	0.0749	1.33	0.5702	-12.5%	94	187	154
2012-08-16	2012	2	0.765	0.465	-	2.10%	4.27%	586698	1172527	21744	37709	33842	68894	0.0346	0.0705	3821729	1393627	2173578	1650287	7526	1648151	74811	34282	130232	399167	109093	239325	159842	977845	977845	689380	2012-06-30	5.92%	3.71%	-	0.575	-	1.68	0.3	2.35	0.18	0.8445	0.4212	0.107	1.3248	0.5687	-11.7%	113	190	140
2012-05-22	2012	1	0.78	0.56	-	2.17%	2.17%	585829	585829	15965	15965	35052	35052	0.0358	0.0358	3823352	1397840	2197630	1619431	7228	1625722	82600	15134	95089	399167	97734	192823	206344	977848	977848	699161	2012-03-31	4.83%	2.73%	-	0.5637	-	1.66	0.24	2.98	0.23	0.8632	0.4904	0.138	1.3578	0.5748	-10.3%	98	186	141
2012-02-28	2011	4	0.965	0.705	-	0.17%	4.82%	579817	1982302	10681	147548	2992	83432	0.0031	0.0853	3931869	1493960	2319793	1692293	7021	1612076	169031	50469	11259	286532	118562	129821	416353	978580	978580	919865	2011-12-31	0.56%	1.84%	-	0.5042	-	1.64	0.22	4.27	0.43	0.8828	0.574	0.2461	1.4453	0.59	-10.0%	92	185	159
2011-11-22	2011	3	1.18	0.83	-	6.72%	4.99%	445185	1402485	144941	136867	116295	86424	0.1188	0.0883	3787178	1300645	2083681	1429889	10231	1703497	224369	46183	59251	286532	178186	118935	405467	978825	978825	1203954	2011-09-30	29.93%	32.56%	-	0.4718	-	1.73	0.24	5.12	0.42	0.9096	0.5919	0.2887	1.2306	0.5502	-7.2%	88	167	143
2011-08-23	2011	2	1.51	1.12	-	0.63%	1.73%	544300	957300	1808	8075	10855	29872	0.0111	0.0305	3964175	1478551	2122268	1360026	11789	1841907	287222	33073	70706	286532	254149	183443	469975	979244	979244	1410111	2011-06-30	2.72%	0.33%	-	0.4439	-	1.87	0.33	4.36	0.48	1.0871	0.6696	0.3456	1.1596	0.5354	6.7%	125	195	174
2011-05-26	2011	1	2.45	1.42	-	1.10%	1.10%	413000	413000	6267	6267	19017	19017	0.0194	0.0194	3771631	1337435	1963321	1193077	12537	1808310	249226	15388	48944	286532	233838	184894	471426	980399	980399	2480409	2011-03-31	4.07%	1.52%	-	0.4239	-	1.83	0.33	7.67	0.49	1.121	0.729	0.4019	1.0933	0.5205	9.0%	114	180	158
2011-02-23	2010	4	2.93	2.29	0.03	0.38%	5.88%	384233	1559103	3092	46510	7629	118201	0.0078	0.1202	3524152	1155261	1793383	1119499	12328	1730769	53647	62210	258688	553783	8563	267251	286532	983409	983409	2783047	2010-12-31	2.75%	0.80%	-	0.4424	23.545	1.75	0.3	9.43	0.3	1.0319	0.5892	0.2646	1.0436	0.5089	2.3%	124	185	112
2010-11-24	2010	3	3.28	0.45	-	2.79%	5.50%	418359	1174870	41032	49602	56094	110572	0.0142	0.0281	3615431	1207775	1852867	1049390	6578	1762564	19617	56897	230802	553783	37280	268082	285701	3936489	3936489	1732055	2010-09-30	12.83%	9.81%	-	0.4402	-	0.45	0.07	6.29	0.08	1.1509	0.6459	0.2823	1.0552	0.5125	10.0%	123	192	110
2010-08-30	2010	2	0.51	0.39	-	0.70%	2.71%	383210	756511	8321	8570	14144	54478	0.0036	0.0139	3500000	1179832	1867767	990412	2762	1632233	18705	40551	202834	553783	59256	262090	291693	3928281	3928281	1905216	2010-06-30	5.63%	2.17%	-	0.4661	-	0.41	0.06	8.08	0.08	1.1913	0.7172	0.3084	1.1462	0.5336	11.6%	105	174	115
2010-05-25	2010	1	0.54	0.47	-	2.00%	2.00%	373301	373301	249	249	40334	40334	0.0102	0.0102	3787127	1307916	1984916	1083715	2607	1802211	53576	19065	107235	553783	34511	72724	481059	3946288	3946288	1894218	2010-03-31	3.03%	0.07%	-	0.4456	-	0.46	0.06	8.0	0.13	1.2069	0.7619	0.4583	1.103	0.5241	13.3%	108	154	116
2010-02-25	2009	4	0.805	0.48	-	3.15%	14.32%	416516	1839575	80900	138114	57301	260556	0.0145	0.0661	4133812	1448550	2122080	1155491	3046	2011732	433978	89569	306779	516153	344409	37630	553783	3941322	3941322	3172764	2009-12-31	16.40%	19.42%	-	0.445	12.1769	0.51	0.07	11.5	0.15	1.2536	0.8285	0.4948	1.0565	0.5133	15.9%	110	153	111
2009-11-26	2009	3	0.85	0.7	-	1.75%	11.09%	458348	1423058	28762	219014	31923	201793	0.0081	0.0512	4241256	1607928	2252681	1089127	8732	1988575	298461	49709	228543	516153	248752	20209	536362	3939647	3939647	2994131	2009-09-30	9.23%	6.28%	-	0.5364	-	0.5	0.05	15.2	0.14	1.4763	0.9478	0.4967	1.1378	0.5311	22.8%	115	158	101
2009-08-27	2009	2	0.875	0.69	-	3.92%	9.33%	439257	964710	65304	190252	71420	169872	0.0181	0.0432	4251355	1662752	2311188	1136205	4794	1940167	214894	31116	223884	516153	183778	40106	476047	3935820	3935820	3030581	2009-06-30	17.97%	14.87%	-	0.6028	-	0.49	0.04	19.25	0.12	1.4634	0.8883	0.4202	1.1942	0.5436	20.5%	119	157	103
2009-05-28	2009	1	1.09	0.705	-	5.41%	5.41%	525453	525453	124946	124946	98449	98449	0.0250	0.0250	4407456	1869386	2597789	1397761	5933	1809667	71739	16731	45730	516153	55008	9278	525431	3934694	3934694	3167428	2009-03-31	28.76%	23.78%	22.13%	0.6178	-	0.46	0.02	40.25	0.13	1.3374	0.8622	0.376	1.4402	0.5894	17.3%	114	169	116
2009-02-24	2008	4	0.855	0.32	0.015	14.86%	60.54%	851931	2528750	154953	453721	82553	336383	0.0214	0.0871	4432571	1864637	2612454	1853185	6224	1820117	174336	1766465	2010049	98233	1592129	417920	516153	3861444	3861444	1544577	2008-12-31	19.80%	18.19%	46.74%	0.5705	4.5917	0.47	0.01	40.0	0.13	1.0062	0.6211	0.2786	1.4402	0.5894	0.5%	129	181	127
2008-11-26	2008	3	0.565	0.39	-	18.61%	45.68%	746204	1676819	127818	298769	103416	253831	0.0270	0.0663	3878236	1618179	2089614	1655762	2477	1788622	98384	1660084	1863185	98233	1561700	301485	399718	3827497	3827497	2085985	2008-09-30	21.21%	17.13%	19.19%	0.5146	-	0.47	0.06	9.08	0.11	0.9773	0.5975	0.2434	1.1699	0.5388	-1.9%	145	207	144
2008-08-26	2008	2	1.71	0.39	-	17.33%	27.07%	599401	930616	109509	170951	96291	150415	0.0259	0.0405	3796068	1556400	2057663	1629329	2646	1738405	360827	1747299	1829294	98233	1386472	442822	541055	3713069	3713069	5978041	2008-06-30	20.04%	18.27%	12.07%	0.4309	-	0.47	0.04	40.25	0.15	0.9552	0.7382	0.3349	1.1855	0.5421	-4.5%	99	207	192
2008-05-27	2008	1	7.0	1.38	-	9.74%	9.74%	331215	331215	61443	61443	54125	54125	0.0146	0.0146	1377588	840663	780293	554950	221	597295	174336	1766465	2010049	98233	1592129	417920	516153	3704532	3704532	23523778	2008-03-31	19.45%	18.55%	11.91%	0.943	-	0.16	0.16	39.69	0.03	1.5148	0.7655	0.2197	1.3069	0.5664	22.0%	144	181	112
2008-02-26	2007	4	7.35	4.84	0.04	12.77%	46.45%	318767	1230116	64890	215358	51736	188133	0.0139	0.0505	1247049	715440	691380	556341	199	555669	80266	116843	76761	58049	36577	40184	98233	3722898	3722898	23640402	2007-12-31	21.10%	20.36%	20.27%	0.9864	125.6579	0.15	0.15	42.33	0.03	1.286	0.5703	0.1893	1.2447	0.5544	12.9%	145	163	113
2007-11-22	2007	3	8.15	5.7	-	15.06%	33.68%	386330	911349	72011	150467	61005	136396	0.0164	0.0366	1175907	674781	653617	525839	197	522290	74387	52103	29208	58049	22284	51492	109541	3721809	3721809	22144763	2007-09-30	19.24%	18.64%	16.82%	0.9859	-	0.14	0.14	42.5	0.03	1.2832	0.7239	0.2341	1.2519	0.5558	12.8%	109	162	116
2007-08-29	2007	2	6.25	5.65	-	9.15%	18.61%	262796	525019	33596	78456	37075	75391	0.0347	0.0707	1099847	621197	632782	503158	176	467065	13070	44308	56723	58049	31238	25485	83534	1067049	1067049	14725276	2007-06-30	14.15%	12.78%	-	0.9317	-	0.44	0.43	32.09	0.11	1.2346	0.6564	0.2309	1.3553	0.5753	11.5%	121	165	112
2007-05-25	2007	1	N/A	N/A	-	9.46%	9.46%	262223	262223	44861	44861	38318	38318	0.0359	0.0359	1104897	638599	661863	538103	15951	443034	231	14459	20360	58049	14690	5670	63719	1067286	1067286	12060331	2007-03-31	17.62%	17.11%	11.96%	0.9022	-	0.4	0.4	28.25	0.09	1.1868	0.5294	0.1854	1.5497	0.599	10.1%	152	187	142
2007-02-26	2006	4	N/A	N/A	0.05	N/A	N/A	248009	908987	12912	147545	25020	132506	0.0238	0.1260	1015695	554477	610663	480138	14702	405032	34318	18934	95652	15649	53252	42400	58049	1051890	1051890	9256632	2006-12-31	8.01%	5.21%	-	0.8949	69.8582	0.37	0.37	23.78	0.09	1.1548	0.6638	0.19	1.5645	0.6012	8.2%	110	176	138
2006-11-23	2006	3	N/A	N/A	-	N/A	N/A	251745	660978	41257	134633	28262	107486	0.0270	0.1028	951975	542437	568740	460931	18096	383235	39675	15870	104676	15649	55545	49131	64780	1045292	1045292	6324016	2006-09-30	17.70%	16.39%	17.66%	0.6943	-	0.35	0.35	17.29	0.07	1.1768	1.1269	0.159	1.5576	0.5974	12.3%	15	246	202
2006-08-23	2006	2	N/A	N/A	-	N/A	N/A	234893	409233	64902	93376	59417	79224	0.2448	0.3264	940858	530370	687996	612817	12341	252862	12251	22281	75817	15649	34532	41285	56934	242684	242684	1456104	2006-06-30	15.38%	27.63%	9.38%	0.435	-	0.99	0.99	6.06	0.26	0.8655	0.8295	0.1047	2.8604	0.7312	-20.1%	-	396	N/A
2006-05-25	2006	1	N/A	N/A	-	N/A	N/A	174340	174340	28473	28473	19806	19806	0.0819	0.0819	565008	343568	374901	330804	12399	190107	5913	12259	52441	15649	6346	46095	61744	241731	241731	1208655	2006-03-31	16.30%	16.33%	27.03%	0.3086	-	0.74	0.74	6.76	0.27	1.0386	1.0171	0.1987	2.1096	0.6635	7.3%	-	567	N/A

Financial Quarter Balance Sheet

year	qrt	Deferred tax assets (A-0)	Goodwill on consolidation (A-0)	Intangible assets (A-0)	Investment in associated companies (A-0)	Investment in jointly controlled entity (A-0)	Other investments (A-0)	Property, plant and equipment (A-0)	Cash and cash equivalents (A-1)	Inventories (A-1)	Trade receivables (A-1)	Work in progress (A-1)	Deferred tax liabilities (L-0)	Loans & borrowings (L-0)	Long service leave liability (L-0)	Long term payables (L-0)	Current tax liabilities (L-1)	Deferred income (L-1)	Dividend payable (L-1)	Loans & borrowings (L-1)	Payables and accruals (L-1)	Progress billings (L-1)	Minority interest (M-1)
2012	3	341942	762639	548056	41	7940	14007	710133	127445	72850	701249	506705	225874	210967	1711	21614	6090	310981	-	740590	644888	-	4199
2012	2	327694	779673	567351	42	7284	14092	731966	176573	75560	518504	622990	236613	263478	1783	21417	6272	328596	-	773576	541843	-	7526
2012	1	295897	794899	584907	35	5254	14070	730450	223468	74384	570733	529255	241126	312820	1678	22575	6100	-	-	748264	459559	405508	7228
2011	4	279922	798507	594641	45	5882	14088	744824	416429	72120	555021	450390	238042	366390	2366	20702	6075	-	-	777894	518164	390160	7021
2011	3	261686	829081	626042	3296	156	4244	762028	412791	72496	433503	381855	259179	372038	1481	21094	6688	-	-	686576	418658	317967	10231
2011	2	207207	854565	648122	1069	216	4366	770079	469975	70315	440764	497497	270335	465777	1384	24746	7270	-	-	560984	487600	304172	11789
2011	1	201613	832313	640040	655	307	4256	755012	479472	70887	390323	396753	266863	476403	1502	25476	8365	-	-	537724	363378	283610	12537
2010	4	195946	798974	620858	455	316	3620	748722	296237	69063	363420	426541	265928	380493	1911	25552	7938	-	-	664641	389574	57346	12328
2010	3	179248	820427	645821	2230	-	2300	757630	296289	73175	381497	456814	288626	490062	3403	21386	1581	-	-	575627	349532	122650	6578
2010	2	162776	777159	617504	1891	-	2190	758648	305448	95803	404921	373660	281602	569636	3299	22818	36274	-	-	513113	366125	147448	2762
2010	1	142162	856974	692901	2048	-	2402	782724	496670	100038	328994	382214	302910	572662	3285	22344	15316	-	-	584559	380100	134372	2607
2009	4	107119	955173	782670	1652	-	2632	836016	571723	106571	385624	384632	338440	592037	3302	32810	3252	-	-	663185	387657	107901	3046
2009	3	39116	953655	831183	-	-	4923	804451	540943	84785	491386	490814	367751	765339	3201	27263	39586	-	-	541628	413663	94250	8732
2009	2	29877	945537	826705	-	-	5584	780900	477461	81508	531868	571915	373815	765626	3074	32468	51147	-	-	519620	466858	98580	4794
2009	1	34467	914055	815315	-	-	5348	768885	525537	80774	679588	583487	394397	772567	2686	30378	37342	-	-	684254	520182	155983	5933
2008	4	36351	928168	845806	-	-	4932	752677	516303	97166	634620	616548	429361	296722	2514	30672	16907	-	-	1133667	540509	162102	6224
2008	3	44102	-	1568744	-	-	4477	642734	402990	85252	586265	543672	136851	265592	3077	28332	52637	-	-	976243	618008	8874	2477
2008	2	45675	-	1595876	-	-	4642	593475	545723	81562	657035	272080	131011	264730	3397	29196	19663	-	-	921408	668127	20131	2646
2008	1	36728	-	6672	-	-	2553	490972	121934	73653	302904	342172	55900	135294	3000	31149	22399	-	-	207215	274448	50888	221
2007	4	37664	-	6672	-	-	2474	484799	105330	62185	211970	335955	53855	45007	2832	33345	25055	-	-	220907	286057	24322	199
2007	3	42905	-	6670	-	-	2473	449078	123103	38585	257555	255538	54853	47051	2786	23088	19804	-	-	194713	267095	44227	197
2007	2	48328	-	5522	-	-	2373	422427	116172	43117	214100	247808	56808	46463	2665	23688	23369	-	-	210499	251923	17367	176
2007	1	48536	-	4233	-	-	2349	411180	99759	29247	185118	324475	57016	41319	2570	22855	25535	-	-	181580	328339	2649	15951
2006	4	49087	-	4233	-	-	2374	405524	91225	24756	227467	211029	56365	42948	2535	28677	27929	-	-	156575	295257	377	14702
2006	3	-	-	-	-	-	2313	407225	73273	23017	446147	-	10130	65563	4345	27771	37525	-	-	118206	305200	-	18096
2006	2	-	-	-	-	-	2321	408167	64167	22028	444175	-	10130	61749	3300	-	40989	-	5523	177833	388472	-	12341
2006	1	-	-	-	62713	-	-	158727	65738	7103	270727	-	10130	31993	1974	-	16626	-	-	132778	181400	-	12399

Financial Quarter Income Statement

year	qrt	Revenue	Income tax expense	Finance/interest costs	Administrative/Operating expenses	Minority interest	Finance/interest income	Share of profit/ (loss) of associates	Negative goodwill	Share of net profit of jointly controlled entity
2012	3	609497	18859	13080	574662	2379	320	-	-	804
2012	2	586698	12398	13130	551956	300	142	10	-	-
2012	1	585829	19364	12892	557546	277	972	398	-	-
2011	4	579817	12268	13222	576555	1405	802	1523	-	-
2011	3	445185	28942	13056	578444	296	947	-	-	427
2011	2	544300	8140	14402	529506	907	1123	-	-	293
2011	1	413000	12750	11510	396183	-	760	-	-	200
2010	4	384233	10950	14022	373654	229	115	236	-	-
2010	3	418359	19539	13611	364667	4477	940	-	-	11
2010	2	383210	5680	14041	361620	143	780	8	-	-
2010	1	373301	39794	12519	361978	291	1447	2	-	-
2009	4	416516	138932	12996	484819	731	798	399	-	-
2009	3	458348	3907	13554	416031	746	54	55	-	-
2009	2	439257	4550	13811	360320	1566	186	8	-	-
2009	1	525453	27655	31677	374329	1158	5513	14	-	-
2008	4	851931	72429	15407	683265	29	1694	-	-	-
2008	3	746204	24524	31024	587910	122	548	-	-	-
2008	2	599401	13218	13593	479260	-	2961	-	-	-
2008	1	331215	7318	4619	266782	-	1629	-	-	-
2007	4	318767	13153	2533	251521	1	177	-	0	-
2007	3	386330	12109	3010	311988	1103	679	-	0	-
2007	2	262796	1746	2849	225614	1733	313	-	1050	-
2007	1	262223	5365	1482	216012	1178	132	-	-	-
2006	4	248009	11716	1346	228145	392	222	1033	6861	-
2006	3	251745	7288	3395	207193	5707	716	-	616	-
2006	2	234893	6087	4295	198773	602	156	817	33738	-
2006	1	174340	7697	1024	145920	970	81	817	179	-

Financial Quarter Segments Revenue

year	qrt	Asia Pacific Countries	Rest of Europe	Americas
2012	3	227822	369199	12476
2012	2	207050	348450	31198
2012	1	240774	328267	16788
2011	4	152588	415594	11635
2011	3	18545	411388	15252
2011	2	225792	298303	20205
2011	1	171183	222406	19411
2010	4	94497	262136	27600
2010	3	117294	272538	28527
2010	2	94524	275222	13464
2010	1	86615	255611	31075

Financial Quarter Segments Profit

year	qrt	Asia Pacific Countries	Rest of Europe	Americas
2012	3	45114	62686	2563
2012	2	34769	71970	4430
2012	1	29101	59727	269
2011	4	25893	82917	14662
2011	3	47734	66593	21732
2011	2	17164	52327	3266
2011	1	30018	44405	694
2010	4	35863	161888	9002
2010	3	12236	41477	21
2010	2	2879	15462	3249
2010	1	3690	15036	23

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

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