KLCI Stock - LPI / 8621 - 2012 Quarter 3

LPI CAPITAL BERHAD


Company Description

LPI CAPITAL BERHAD is a Malaysia-based investment holding company. It operates through three business segments: general insurance, engaged in underwriting of all classes of general insurance business; investment holding, engaged in investment holding operations, and financing of leases, which is engaged in providing financing for leases. The Company's general insurance business operates in two principal geographical areas: Malaysia and Singapore, while its investment holding and financing of leases business segments operates only in Malaysia. LPI’s wholly owned subsidiaries include Lonpac Insurance Bhd, which is engaged in underwriting of general insurance, London & Pacific Holdings Sdn Bhd, which is engaged in investment holding, and Public United Leasing & Factoring Sdn Bhd, which is engaged in financing of leases.

Company Info

Listing Date	1993-01-08
Market Capital (Capital Size)	3,032,138,526 (Large)
Par Value	RM 1.00
Board	Main
Sector	Finance
Major Industry	Underwriting of General Insurance
Sub Industry	Investment Holding
Website	http://www.lonpac.com

My Analysis

Forecast P/E now	(13.7-0.65)/0.7572 = 17.23 (Moderate)
Target Price	14.01+0.65 = 14.66 (PE 18.5, EPS 0.7572, DPS 0.65)
Decision	BUY if stock price sustain above SMA20 or wait rebound around at SMA200
Comment	Revenue increased 1.2% and was fourth consecutive quarter increasing (higher than preceding year corresponding quarter 25.5%), eps decreased 12.8% but higher than preceding year corresponding quarter 6.8%, not enough cash for operating expenses hence increased borrowing and spent 30.9% of Group cash to cover all expenses, operating profit improved to 23% which is slightly lower than highest of 24% only, General insurance segment growth, investment holding segment still got high dividend income
First Support Price	13.6
Second Support Price	13.5
Risk Rating	MODERATE

Research House

OSK Target Price	14.82 (2012-10-12)
HwangDBS Target Price	15.7 (2012-10-31)
Kenanga Target Price	16.1 (2012-10-31)

Accounting Ratio

Return on Equity	13.51%
Dividend Yield	4.74%
Operating Profit Margin	23.14%
Net Profit Margin	23.04%
Tax Rate	19.35%
Asset Turnover	0.376
Net Asset Value Per Share	5.52
Net Tangible Asset per share	5.52
Price/Net Tangible Asset Per Share	2.45
Cash Per Share	1.72
Liquidity Current Ratio	5.6204
Liquidity Quick Ratio	3.7592
Liquidity Cash Ratio	1.3997
Gearing Debt to Equity Ratio	1.2008
Gearing Debt to Asset Ratio	0.5456
Working capital per thousand Ringgit sale	124.3%
Days to sell the inventory	229
Days to collect the receivables	221
Days to pay the payables	103

Technical Analysis

SMA 10	13.56 (Uptrend)
SMA 20	13.603 (Downtrend 9 days)
SMA 50	13.586 (Uptrend)
SMA 100	13.537 (Uptrend)
SMA 200	13.487 (Uptrend)
MACD (26d/12d)	-0.006685 ( 0.010002 )
Signal (9)	-0.015879 ( 0.002298 )
MACD Histogram	0.009194 (Bullish trend 2 days)
Bolinger Upper Band	13.897
Bolinger Lower Band	13.309

My notes based on 2012 quarter 3 report (number in '000):-
- Higher revenue and pbt than FY11Q3 mainly driven by higher gross earned premium. The increase in gross earned premium is in line with the Group’s strategic plan in growing the profitable insurance business. The significant growth in gross earned premium has in turn translated into better underwriting results offset by lower dividend income was received

- Higher pbt than FY12Q2 mainly due to higher investment income received

- Estimate next 4Q eps after 2012 Q3 result announced = 0.7211*1.05 = 0.7572, estimate PE on current price 13.7 = 17.23(DPS 0.65)
- Estimate next 4Q eps after 2012 Q2 result announced = 0.7097*1.02 = 0.7239, estimate highest/lowest PE = 18.25/17.12 (DPS 0.65)
- Estimate next 4Q eps after 2012 Q1 result announced = 0.7013, estimate highest/lowest PE = 18.78/17.64 (DPS 0.75)
- Estimate next 4Q eps after 2011 Q4 result announced = 0.1785*4*1.05 = 0.7497, estimate highest/lowest PE = 17.81/16.77 (DPS 0.75)
- Estimate next 4Q eps after 2011 Q3 result announced = (0.2048+0.1426)*2 = 0.6948, estimate highest/lowest PE = 18.94/15.98 (DPS 0.7)
- Estimate next 4Q eps after 2011 Q2 result announced = (0.1754+0.1426)*2*1.05 = 0.6678, estimate highest/lowest PE = 20.22/16.05 (DPS 0.7)
- Estimate next 4Q eps after 2011 Q1 result announced = 0.1754*4*1.1 = 0.7718, estimate highest/lowest PE = 17.19/16.65 (DPS 0.55)
- Estimate next 4Q eps after 2010 Q4 result announced = 0.6383*1.1 = 0.7021, estimate highest/lowest PE = 19.27/17.73 (DPS 0.55)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.1685*4*1.05 = 0.7077, estimate highest/lowest PE = 19.57/15.42 (DPS 0.37)
- Estimate next 4Q eps after 2010 Q2 result announced = 1.0303(10% grow from 0.9366), estimate highest/lowest PE = 17.46/15.5 (DPS 0.5125)
- Estimate next 4Q eps after 2010 Q1 result announced = 1.0303(10% grow from 0.9366), estimate highest/lowest PE = 15.15/12.76 (DPS 0.675)
- Estimate next 4Q eps after 2009 Q4 result announced = 1.0533(15% grow from 0.9159), estimate highest/lowest PE = 12.94/11.53 (DPS 0.675)
- Estimate next 4Q eps after 2009 Q3 result announced = 1.0253, estimate highest/lowest PE = 13.23/11.16 (DPS 0.74)
- Estimate next 4Q eps after 2009 Q2 result announced = 1.0204, estimate highest/lowest PE = 11.43/10.25 (DPS 0.74)
- Estimate next 4Q eps after 2009 Q1 result announced = 0.979, estimate highest/lowest PE = 10.88/8.63 (DPS 0.85)

LPI latest news (English)

LPI 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
2012-10-09	2012	3	N/A	N/A	-	4.03%	10.12%	256307	767397	59062	151414	47632	119540	0.2162	0.5426	2677175	1522374	1460732	270867	-	1216443	114757	2025	150201	416611	112732	37469	379142	220309	220309	2974171	2012-09-30	23.14%	23.04%	19.35%	0.376	-	5.52	5.52	2.45	1.72	5.6204	3.7592	1.3997	1.2008	0.5456	124.3%	229	221	103
2012-07-09	2012	2	13.86	13.04	0.15	3.42%	6.09%	265029	511090	54531	92352	40431	71908	0.1835	0.3264	2596467	1468218	1429451	277544	-	1167016	68024	1257	117155	416613	66767	50388	366225	220309	220309	3022639	2012-06-30	20.60%	20.58%	25.86%	0.38	-	5.3	5.3	2.59	1.66	5.29	3.55	1.3195	1.2249	0.5505	120.7%	224	219	108
2012-04-09	2012	1	13.92	13.12	-	2.66%	2.66%	246061	246061	37821	37821	31477	31477	0.1429	0.1429	2506862	1387640	1388823	261254	-	1118039	37120	345	117155	415412	36775	80380	335032	220309	220309	3079919	2012-03-31	15.48%	15.37%	16.77%	0.3732	-	5.07	5.07	2.76	1.52	5.3115	3.5204	1.2824	1.2422	0.554	120.4%	228	217	108
2012-01-09	2011	4	14.1	13.32	0.5	3.39%	13.32%	239323	902729	51999	200053	39334	154494	0.1785	0.7013	2405215	1310930	1223631	214991	-	1181584	12173	6248	167017	600862	18421	185438	415424	220309	220289	3049076	2011-12-31	21.11%	21.73%	24.36%	0.3753	19.7341	5.36	5.36	2.58	1.89	6.0976	4.1942	1.9323	1.0356	0.5087	121.4%	212	185	86
2011-10-06	2011	3	13.86	11.8	-	3.89%	9.93%	236281	663406	55948	148054	45116	115160	0.2048	0.5228	2375372	1353477	1300376	245503	-	1074996	120649	2394	167017	600861	118255	48762	552099	220306	220282	2595204	2011-09-30	23.75%	23.68%	19.36%	0.3595	-	4.88	4.88	2.41	2.51	5.5131	3.6531	2.2488	1.2097	0.5474	129.7%	253	136	59
2011-07-07	2011	2	14.2	11.42	0.25	2.71%	6.04%	213797	427125	41971	92106	31418	70044	0.1426	0.3180	2405466	1360792	1257778	265912	-	1147688	105445	1485	99001	601051	103960	4959	606010	220269	220269	3039712	2011-06-30	19.80%	19.63%	25.14%	0.3377	-	5.21	5.21	2.65	2.75	5.1175	3.545	2.279	1.0959	0.5229	134.8%	244	140	67
2011-04-07	2011	1	13.82	13.4	-	3.33%	3.33%	213328	213328	50135	50135	38626	38626	0.1754	0.1754	2263985	1244454	1159386	235053	-	1104599	52184	1407	115001	599876	50777	64224	535652	220269	220269	3030901	2011-03-31	23.61%	23.50%	22.96%	0.3412	-	5.01	5.01	2.75	2.43	5.2944	3.7249	2.2789	1.0496	0.5121	130.7%	227	149	64
2011-01-11	2010	4	14.08	13.0	0.45	4.09%	15.27%	190635	751726	49025	180960	36827	137561	0.1672	0.6367	2246462	1248143	1086220	216624	-	1160242	380996	5507	4230	220355	375489	379719	600074	220269	216060	3061739	2010-12-30	24.59%	25.72%	24.88%	0.3347	21.832	5.37	5.37	2.59	2.72	5.7618	4.1339	2.7701	0.9362	0.4835	137.2%	224	131	44
2010-10-07	2010	3	14.22	11.28	-	4.02%	11.21%	194591	561327	47445	132172	36205	100971	0.1685	0.4705	2089798	1109942	993254	158607	-	1096544	358530	4136	15415	218969	354394	369809	588778	214900	214601	2527224	2010-09-30	24.19%	24.38%	23.69%	0.3542	-	5.11	5.11	2.3	0.04	6.9981	4.8557	0.0597	0.9058	0.4753	128.5%	220	375	61
2010-07-08	2010	2	18.3	11.52	0.1	2.94%	7.19%	173869	366736	35896	84727	26444	64766	0.1921	0.4704	1889560	964017	949088	165172	-	940472	340120	2880	66788	218773	337240	270452	489225	137669	137669	2241251	2010-06-30	20.53%	20.65%	26.33%	0.3981	-	6.83	6.83	2.38	0.08	5.8364	3.9843	0.0696	1.0092	0.5023	106.2%	185	314	58
2010-04-08	2010	1	16.28	13.82	-	4.25%	4.25%	192867	192867	48831	48831	38322	38322	0.2784	0.2784	1821902	917070	921576	162624	-	900326	85927	1067	56788	219763	84860	28072	247835	137668	137668	1899818	2010-03-31	25.22%	25.32%	21.52%	0.4088	-	6.54	6.54	2.11	0.07	5.6392	3.8856	0.0627	1.0236	0.5058	101.3%	165	305	49
2010-01-07	2009	4	14.3	12.82	0.4125	9.61%	34.66%	178883	698462	46520	161335	34971	126088	0.2540	0.9159	1894506	1043710	993833	227110	-	900673	253205	320	20064	494362	252885	272949	221413	137668	137668	1946625	2009-12-31	25.53%	26.01%	24.83%	0.4026	15.4386	6.54	6.54	2.16	1.61	4.5956	3.3096	0.9749	1.1034	0.5246	107.1%	158	243	27
2009-10-08	2009	3	14.3	12.18	-	9.04%	25.05%	206625	583878	42584	114815	32897	91117	0.2390	0.6619	1467880	134379	663940	191649	-	803940	5300	301	10052	14037	5601	4451	9586	137669	137669	1682315	2009-09-30	8.50%	20.61%	22.75%	0.4776	-	5.84	5.84	2.09	0.07	0.7012	0.7012	0.05	0.8259	0.4523	-8.2%	-	65	50
2009-07-06	2009	2	12.4	11.2	0.2625	6.25%	16.01%	166346	377253	29994	72231	22742	58220	0.1652	0.4229	1402730	129663	661565	199037	-	741165	30240	1059	26086	13652	29181	3095	10557	137669	137669	1583193	2009-06-30	1.04%	18.03%	24.18%	0.4891	-	5.38	5.38	2.14	0.08	0.6515	0.6515	0.053	0.8926	0.4716	-10.1%	-	63	49
2009-04-08	2009	1	11.5	9.3	-	9.75%	9.75%	210907	210907	42237	42237	35478	35478	0.2577	0.2577	1195212	132428	548083	89373	-	647129	57288	257	56794	13267	57031	237	13504	137669	137669	1252787	2009-03-31	10.89%	20.03%	16.00%	0.5556	-	4.7	4.7	1.94	0.1	1.4817	1.4817	0.1511	0.8469	0.4586	6.5%	-	65	45
2009-01-08	2008	4	10.3	8.3	0.55	8.84%	28.17%	117130	638728	44517	141564	32690	104247	0.2375	0.7572	856201	101434	492460	61548	-	363741	121889	3799	112086	7073	118090	6004	13077	137670	137670	1349166	2008-12-31	0.71%	38.01%	26.57%	0.746	12.942	2.64	2.64	3.71	0.09	1.648	1.648	0.2125	1.3539	0.5752	6.2%	-	50	29
2008-10-09	2008	3	9.9	7.95	-	7.09%	19.34%	191728	521598	35379	97047	26236	71557	0.1906	0.5198	860515	121436	529516	78620	-	330999	126770	2592	112076	7208	124178	12102	19310	137671	137671	1390477	2008-09-30	7.31%	18.45%	25.84%	0.7272	-	2.4	2.4	4.21	0.14	1.5446	1.5446	0.2456	1.5998	0.6153	6.8%	-	60	45
2008-07-09	2008	2	11.5	9.9	0.3	4.84%	12.25%	144308	329870	24308	61668	17906	45321	0.1301	0.3292	852649	113807	517532	88735	-	335117	85604	1258	81513	7519	84346	2833	10352	137671	137671	1528148	2008-06-30	1.11%	16.84%	26.34%	0.6921	-	2.43	2.43	4.57	0.08	1.2825	1.2825	0.1167	1.5443	0.607	4.2%	-	64	50
2008-04-09	2008	1	12.3	10.8	-	7.41%	7.41%	185562	185562	37360	37360	27415	27415	0.1991	0.1991	780279	123952	464804	50904	-	315475	88024	479	81502	5973	87545	6043	12016	137672	137672	1541926	2008-03-31	12.17%	20.13%	26.62%	0.7479	-	2.29	2.29	4.89	0.09	2.435	2.435	0.2361	1.4733	0.5957	12.5%	-	70	30
2008-01-14	2007	4	12.9	10.5	0.8	6.36%	22.15%	104147	551624	34877	121766	25210	87770	0.1831	0.6375	792389	92949	422388	47142	-	370001	124840	11892	113598	6605	112948	650	5955	137672	137672	1720900	2007-12-31	3.45%	33.49%	27.72%	0.6962	19.6069	2.69	2.69	4.65	0.04	1.9717	1.9717	0.1263	1.1416	0.5331	8.3%	-	58	23
2007-10-09	2007	3	12.5	10.9	-	5.43%	15.79%	156083	447477	29830	86889	21521	62560	0.1563	0.4544	782606	113118	437370	56411	-	345236	132087	11486	113598	6605	120601	7003	13608	137672	137672	1555693	2007-09-30	6.68%	19.11%	27.85%	0.7	-	2.51	2.51	4.5	0.1	2.0052	2.0052	0.2412	1.2669	0.5589	10.4%	-	66	38
2007-07-04	2007	2	N/A	N/A	0.3	3.84%	10.36%	137785	291394	21711	57059	15211	41039	0.1104	0.2979	782161	118457	427833	70904	-	354328	86250	576	82243	5877	85674	3431	9308	137780	137780	1556914	2007-06-30	3.04%	15.76%	29.94%	0.5009	-	2.57	2.57	4.4	0.07	1.6707	1.6707	0.1313	1.2074	0.547	12.1%	-	102	63
2007-04-05	2007	1	N/A	N/A	-	6.52%	6.52%	153609	153609	35348	35348	25828	25828	0.1872	0.1872	730992	117674	389592	49179	-	341400	83855	350	80554	6470	83505	2951	9421	137935	137935	1358659	2007-03-31	10.82%	23.01%	26.93%	0.3474	-	2.48	2.48	3.97	0.07	2.3928	2.3928	0.1916	1.1412	0.533	27.0%	-	156	70
2007-01-03	2006	4	N/A	N/A	0.8	N/A	N/A	100355	473490	35291	110482	25423	78128	0.1843	0.5664	754690	76002	358456	43542	-	396234	82964	5411	75844	4884	77553	1709	6593	137935	137935	1289692	2006-12-31	9.97%	35.17%	27.96%	0.133	16.5074	2.87	2.87	3.26	0.05	1.7455	1.7455	0.1514	0.9047	0.475	32.3%	-	252	145

Financial Quarter Balance Sheet

year	qrt	Available-for-sale financial assets (A-0)	Held-to-maturity financial assets (A-0)	Investment in associated companies (A-0)	Investment properties (A-0)	Property, plant and equipment (A-0)	Cash and cash equivalents (A-1)	Current tax assets (A-1)	Deferred acquisition cost (A-1)	Insurance receivables (A-1)	Loan receivables (A-1)	Reinsurance assets (A-1)	Deferred tax liabilities (L-0)	Insurance contract liabilities (L-0)	Current tax liabilities (L-1)	Financial liabilities (L-1)	Insurance payables (L-1)	Loans & borrowings (L-1)	Other payables (L-1)
2012	3	837498	278649	12830	13783	12041	379142	-	28196	155817	455095	504124	1030	1188835	11971	-	113222	32500	113174
2012	2	802098	286952	13292	13783	12124	366225	-	28252	163395	427418	482928	1033	1150874	12733	-	127012	32500	105299
2012	1	795025	286184	12504	13448	12061	335032	-	28028	166096	390550	467934	953	1126616	6539	-	117288	32500	104927
2011	4	779435	276131	12765	13448	12506	415424	46	28318	105087	352849	409206	890	1007750	9975	-	61333	39500	104183
2011	3	711961	276119	12706	11640	9469	552099	-	27327	111510	205915	456626	726	1054147	10806	88592	85511	39500	21094
2011	2	775839	235785	11997	11689	9364	606010	-	25816	124674	186166	418126	1042	990824	9580	89138	95478	53000	18716
2011	1	765154	221145	11847	11399	9986	535652	-	25086	137236	177571	368909	950	923383	6071	88465	91701	37000	11816
2010	4	759702	205885	11975	11447	9310	600074	-	25244	79906	190285	352634	1008	868588	5834	89448	56068	52880	12394
2010	3	754433	195840	11903	9016	8664	9473	-	-	95931	664740	339798	980	833667	2002	-	68574	62880	25151
2010	2	716245	180479	11967	8977	7875	11500	-	-	93624	552968	305925	834	783082	5797	-	75068	62880	21427
2010	1	701271	175657	12005	9173	6726	10203	-	-	116736	504960	285171	813	758139	4495	-	70179	72880	15070
2009	4	650274	172515	12230	9487	6290	221413	-	22544	69904	437793	292056	557	766166	10100	93441	37505	72880	13184
2009	3	1306086	-	12373	8625	6417	9586	-	-	101417	23376	-	-	472291	19502	-	-	82880	89267
2009	2	1245883	-	12269	8554	6361	10557	-	-	95960	23146	-	-	462528	29427	-	-	82880	86730
2009	1	1033678	-	12226	10982	5898	13504	-	-	97158	21766	-	-	458710	12446	-	-	-	76927
2008	4	725903	-	11482	10947	6435	13077	-	-	60735	27622	-	-	430912	14138	-	34422	-	12988
2008	3	711656	-	10973	10382	6068	19310	-	-	82173	19953	-	-	450896	6963	-	-	-	71657
2008	2	712802	-	10219	10311	5510	10352	-	-	83587	19868	-	-	428797	12573	-	-	-	76162
2008	1	630940	-	9946	9990	5451	12016	-	-	92216	19720	-	-	413900	6740	-	-	-	44164
2007	4	673271	-	10424	9990	5755	5955	-	-	68029	18965	-	-	375246	14561	-	-	-	32581
2007	3	643747	-	10833	8547	6361	13608	-	-	82702	16808	-	364	380595	4134	-	-	-	52277
2007	2	648346	-	-	8368	6990	9308	-	-	92025	17124	-	378	356551	8205	-	-	-	62699
2007	1	597339	-	-	8516	7463	9421	-	-	91054	17199	-	378	340035	5841	-	-	-	43338
2006	4	662145	-	-	8546	7997	6593	-	-	50482	18927	-	392	314522	7656	-	-	-	35886

Financial Quarter Income Statement

year	qrt	Revenue	Income tax expense	Finance/interest costs	Other income	Administrative/Operating expenses	Share of profit/ (loss) of associates	Investment gain/loss	Unearned premium reserves	Underwriting surplus before management expenses	Management expenses for underwritten	Management expenses for investment	Investment income from underwriting surplus	Gross written premiums	Change in unearned premiums provision ceded to reinsurers	Gross written premiums ceded to reinsurers	Realised gains and losses	Fair value gains and losses	Gross claims paid	Claims ceded to reinsurers	Gross change in contract liabilities	Change in contract liabilities ceded to reinsurers	Commission income	Commission expense
2012	3	256307	11430	337	1258	30463	98	19862	16713	-	-	-	-	253158	13429	103138	10	-	74771	20868	21246	7765	20669	31387
2012	2	265029	14100	334	1108	25896	267	8161	11596	-	-	-	-	268464	11820	120203	2	-	82400	23164	9335	1680	18675	29046
2012	1	246061	6344	394	885	29615	121	23909	75432	-	-	-	-	297584	40961	126408	59	-	81727	25240	43433	17766	18618	30313
2011	4	239323	12665	411	2880	23486	84	8341	33896	-	-	-	-	197086	23254	63598	4	1808	112791	51759	12501	24166	19113	27767
2011	3	236281	10832	445	782	25214	271	19342	14889	-	-	-	-	231828	1995	83665	0	-	75029	22622	48921	36734	17772	27235
2011	2	213797	10553	425	696	25686	54	7304	18803	-	-	-	-	225296	8923	86735	131	-	73364	19896	45723	38921	17333	25847
2011	1	213328	11509	577	712	25140	355	25541	65915	-	-	-	-	253702	30429	99615	150	-	98019	41158	10636	13927	14213	23568
2010	4	190635	12198	-	3058	21317	9	7073	13980	-	-	-	-	169582	5499	51875	4	2157	73482	20722	4889	9277	12250	23121
2010	3	194591	11240	-	816	24191	366	20355	22361	-	-	-	-	196524	9587	67760	239	-	71199	21249	30296	24810	12299	22993
2010	2	173869	9452	-	2790	22272	198	5196	14570	-	-	-	-	183167	6674	61349	0	-	79149	23127	13908	15647	12403	22058
2010	1	192867	10509	-	481	24261	188	28325	42204	-	-	-	-	206658	17940	75984	87	-	86005	30558	242	1725	12835	21270
2009	4	178883	11549	-	1754	18986	12	4845	24462	-	-	-	-	149498	13180	45093	52	862	621560	566249	7667	1210	11336	22480
2009	3	206625	9687	-	721	-	301	16847	-	40891	19863	1530	5217	-	-	-	-	-	-	-	-	-	-	-
2009	2	166346	7252	-	1556	-	297	166	-	45466	20404	1063	3976	-	-	-	-	-	-	-	-	-	-	-
2009	1	210907	6759	-	697	-	342	22268	-	28973	18564	887	9408	-	-	-	-	-	-	-	-	-	-	-
2008	4	117130	11827	-	1413	-	311	584	-	54709	15683	1289	5640	-	-	-	-	-	-	-	-	-	-	-
2008	3	191728	9143	-	631	-	234	13393	-	31773	18592	359	8299	-	-	-	-	-	-	-	-	-	-	-
2008	2	144308	6402	-	1303	-	72	295	-	35065	16670	125	4368	-	-	-	-	-	-	-	-	-	-	-
2008	1	185562	9945	-	962	-	20	21622	-	20795	16395	420	10816	-	-	-	-	-	-	-	-	-	-	-
2007	4	104147	9667	-	3231	-	8	364	-	42327	14646	106	3699	-	-	-	-	-	-	-	-	-	-	-
2007	3	156083	8309	-	765	-	-	9660	-	26817	16249	100	8937	-	-	-	-	-	-	-	-	-	-	-
2007	2	137785	6500	-	2159	-	-	2030	-	28089	14978	78	4489	-	-	-	-	-	-	-	-	-	-	-
2007	1	153609	9520	-	455	-	-	16164	-	23320	15449	395	11253	-	-	-	-	-	-	-	-	-	-	-
2006	4	100355	9868	-	1743	-	-	8266	-	31391	13427	128	7446	-	-	-	-	-	-	-	-	-	-	-

Financial Quarter Segments Revenue

year	qrt	Investment holding	General insurance
2012	3	11497	244810
2012	2	298	264731
2012	1	16048	230013
2011	4	190	238853
2011	3	11401	224984
2011	2	595	213294
2011	1	19412	194000
2010	4	64214	110397
2010	3	39430	202522
2010	2	353	188086
2010	1	23539	169328
2009	4	37591	114190
2009	3	16823	189802
2009	2	80445	166204
2009	1	22239	188668
2008	4	624	117754
2008	3	13353	178375
2008	2	233	144074
2008	1	21517	164044
2007	4	203	103942
2007	3	9500	146581
2007	2	1871	135912
2007	1	16006	137601
2006	4	8105	92248

Financial Quarter Segments Profit

year	qrt	Elimination/Adjustment	Investment holding	General insurance
2012	3	-	39910	49152
2012	2	-	1250	55781
2012	1	-	134131	23690
2011	4	-	1316	53315
2011	3	-	65894	46054
2011	2	-	867	42838
2011	1	-	17600	32578
2010	4	63000	62372	49765
2010	3	25000	37871	34574
2010	2	-	1182	37078
2010	1	-	21807	27024
2009	4	60000	58372	48148
2009	3	-	15293	27291
2009	2	113826	56579	87241
2009	1	-	21353	20885
2008	4	-	1913	46119
2008	3	-	12994	22151
2008	2	-	143	24127
2008	1	-	21098	16282
2007	4	-	101	34770
2007	3	-	9400	20428
2007	2	-	1798	19916
2007	1	-	15614	19735
2006	4	-	7980	27312

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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●CHANGES IN SHAREHOLDING

ARCHIVES

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