MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD

## Monday, September 24, 2012

### KLCI Stock - MHB / 5186 - 2012 Quarter 2

## Monday, September 17, 2012

### KLCI Stock - NESTLE / 4707 - 2012 Quarter 2

__Company Info__Market Capital (Capital Size) | 15,008,000,000 (Very Large) |

Par Value | RM 1.00 |

__My Analysis__Forecast P/E now | (64.0-1.9)/2.1316 = 29.13 (High) |

Target Price | 49.03+1.9 = 50.93 (PE 23.0, EPS 2.1316, DPS 1.9) |

Decision | Not interested unless profit manage to cover high dividend ratio |

Comment | Revenue decreased 1.3% and was second consecutive quarter decreasing but still higher than preceding year corresponding quarter 10.5%, eps decreased 23.8% but higher than preceding year correspnding quarter 22.4%, cash generated from operating enough to cover all expenses, gross margin maintain very high, weaker liquidity ratio but still indicate financial strength is good, higher gearing ratio indicate well leverage to generate more income, all accounting of turnover period is good, all segment business still good |

First Support Price | 61.0 |

Second Support Price | 54.5 |

Risk Rating | HIGH |

__Research House__BIMB Target Price | 68.7 (2012-09-03) |

CIMB Target Price | 55.2 (2012-09-03) |

Kenanga Target Price | 67.5 (2012-09-03) |

Maybank Target Price | 54.2 (2012-09-03) |

OSK Target Price | 61.38 (2012-09-03) |

MIDF Target Price | 59.52 (2012-09-04) |

TA Target Price | 59.73 (2012-09-04) |

__Accounting Ratio__Return on Equity | 75.60% |

Dividend Yield | 2.97% |

Gross Profit Margin | 33.75% |

Operating Profit Margin | 12.96% |

Net Profit Margin | 12.53% |

Tax Rate | 16.33% |

Asset Turnover | 2.3856 |

Net Asset Value Per Share | 2.81 |

Net Tangible Asset per share | 2.55 |

Price/Net Tangible Asset Per Share | 25.11 |

Cash Per Share | 0.34 |

Liquidity Current Ratio | 1.0068 |

Liquidity Quick Ratio | 0.5425 |

Liquidity Cash Ratio | 0.0824 |

Gearing Debt to Equity Ratio | 1.9707 |

Gearing Debt to Asset Ratio | 0.6634 |

Working capital per thousand Ringgit sale | 0.1% |

Days to sell the inventory | 53 |

Days to collect the receivables | 35 |

Days to pay the payables | 93 |

__Technical Analysis__SMA 10 | 63.212 (Downtrend) |

SMA 20 | 63.101 (Uptrend 67 days) |

SMA 50 | 60.868 (Uptrend) |

SMA 100 | 57.925 (Uptrend) |

SMA 200 | 55.962 (Uptrend) |

MACD (26d/12d) | 0.588259 ( 0.053887 ) |

Signal (9) | 0.818617 ( 0.05759 ) |

MACD Histogram | 0.230358 (Bearish trend 6 days) |

Bolinger Upper Band | 66.694 |

Bolinger Lower Band | 59.508 |

__My notes based on 2012 quarter 2 report (number in '000):-__- Higher revenue and pbt than FY11Q2 mainly due to higher domestic sales but the export sales were flat for the quarter due to the lower demand experienced in some export markets

- The strong domestic sales were driven by the performance of the fast growing categories within the Group's portfolio, in particular Confectionery, NestlÃ© Liquid Drinks, Chilled Dairy and Ice Cream, which registered a robust double digit growth. The good sales results were due to the continuous investments in consumer communication

- Lower pbt than FY12Q1 largely due to the marketing and promotional activities which were typically more concentrated in the second quarter

- Estimate next 4Q eps after 2012 Q2 result announced = 640860*0.78/234500 = 2.1316, estimate PE on current price 64 = 29.13(DPS 1.9)

- Estimate next 4Q eps after 2012 Q1 result announced = 640860*0.75/234500 = 2.0497, estimate highest/lowest PE = 31.3/24.25 (DPS 1.8)

- Estimate next 4Q eps after 2011 Q4 result announced = 640860*0.64/234500 = 1.749, estimate highest/lowest PE = 31.56/30.3 (DPS 1.8)

- Estimate next 4Q eps after 2011 Q3 result announced = 0.4691*4 = 1.8764, estimate highest/lowest PE = 29.63/24.98 (DPS 1.75)

- Estimate next 4Q eps after 2011 Q1 result announced = 1.7283*1.2 = 2.074, estimate highest/lowest PE = 22.44/21.82 (DPS 1.65)

- Estimate next 4Q eps after 2010 Q4 result announced = 1.6691*0.8 = 1.3353, estimate highest/lowest PE = 36.21/31.94 (DPS 1.65)

- Estimate next 4Q eps after 2010 Q3 result announced = 0.4827*4 = 1.9308, estimate highest/lowest PE = 23.05/20.99 (DPS 1.5)

- Estimate next 4Q eps after 2010 Q2 result announced = 0.4271*4*1.1 = 1.8792, estimate highest/lowest PE = 23.15/20.22 (DPS 1.5)

- Estimate next 4Q eps after 2010 Q1 result announced = 1.56+0.1491+0.0357 = 1.7448(0.1491 from adjustment between 2009 Q1 eps and 2010 Q1 eps, 0.0357 from QbQ improvement adjustment), estimate highest/lowest PE = 23.21/18.52 (DPS 1.5)

- Estimate next 4Q eps after 2009 Q4 result announced = 1.56(around 4% from 1.5002), estimate highest/lowest PE = 22.12/20.54 (DPS 1.5)

- Estimate next 4Q eps after 2009 Q3 result announced = 1.4537, estimate highest/lowest PE = 23.06/21.12 (DPS 1.3)

- Estimate next 4Q eps after 2009 Q2 result announced = 1.4537, estimate highest/lowest PE = 23.65/21.78 (DPS 1.3)

- Estimate next 4Q eps after 2009 Q1 result announced = 1.5264, estimate highest/lowest PE = 21.42/17.82 (DPS 1.3)

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Cocoa price chart

### KLCI Stock - F&N / 3689 - 2012 Quarter 3

__Company Info__Market Capital (Capital Size) | 7,070,721,469 (Very Large) |

Par Value | RM 1.00 |

__My Analysis__Forecast P/E now | (19.5-0.47)/0.5234 = 36.36 (High) |

Target Price | 10.99+0.47 = 11.46 (PE 21.0, EPS 0.5234, DPS 0.47) |

Decision | Not interested unless pbt increase more which can enough to cover good dividend rate or base on technical analysis which stock price continue strong sustain above SMA50 |

Comment | Revenue increased 22.8% and also higher than preceding year corresponding period 1.6%, eps decreased 51.8% and also lower than preceding year corresponding quarter 33.9%, cash generated from operating not enough to cover financing expenses hence increased borrowings and spent 33.2% of Group cash to cover other expenses, margin decreasing to low level, liquidity ratio indicate financial strength is weakeaning but still acceptable level, higher gearing ratio indicate more leverage to generate more income in the future by more investment and the current ratio still not worry by lender, all accounting of turnover period is good, higher inventory can indicate Group products demand still strong |

First Support Price | 19.2 |

Second Support Price | 17.8 |

Risk Rating | HIGH |

__Research House__MIDF Target Price | 14 (2012-02-08) |

AMMB Target Price | 18.1 (2012-08-08) |

CIMB Target Price | 13.4 (2012-08-08) |

Maybank Target Price | 20.79 (2012-08-08) |

TA Target Price | 18.22 (2012-08-08) |

__Accounting Ratio__Return on Equity | 16.54% |

Dividend Yield | 2.41% |

Gross Profit Margin | - |

Operating Profit Margin | 6.23% |

Net Profit Margin | 6.08% |

Tax Rate | 5.26% |

Asset Turnover | 1.2787 |

Net Asset Value Per Share | 4.03 |

Net Tangible Asset per share | 3.66 |

Price/Net Tangible Asset Per Share | 5.56 |

Cash Per Share | 0.53 |

Liquidity Current Ratio | 1.3253 |

Liquidity Quick Ratio | 0.8356 |

Liquidity Cash Ratio | 0.1995 |

Gearing Debt to Equity Ratio | 0.8001 |

Gearing Debt to Asset Ratio | 0.4444 |

Working capital per thousand Ringgit sale | 9.4% |

Days to sell the inventory | 55 |

Days to collect the receivables | 61 |

Days to pay the payables | 86 |

__Technical Analysis__SMA 10 | 19.56 (Downtrend) |

SMA 20 | 19.843 (Downtrend 8 days) |

SMA 50 | 19.283 (Uptrend) |

SMA 100 | 18.735 (Uptrend) |

SMA 200 | 18.199 (Uptrend) |

MACD (26d/12d) | -0.025559 ( 0.006648 ) |

Signal (9) | 0.086048 ( 0.027902 ) |

MACD Histogram | 0.111607 (Bearish trend 20 days) |

Bolinger Upper Band | 20.719 |

Bolinger Lower Band | 18.967 |

__My notes based on 2012 quarter 3 report (number in '000):-__- Higher revenue mainly due to Dairies Thailand well executed marketing activities in conjunction with the resumption of production in Rojana pent-up demand from the consumer and trade

- Lower pbt mainly attributable to the absense of Coca-Cola contribution, a restructuring charge of RM8.3 million incurred by the soft drinks division as part of its on-going rationalisation exercise to improve productivity, accelerated depreciation on PJ factory building and higher marketing expenses in Thailand offset by reversal of provision for compensation of RM5 million

- Estimate next 4Q eps after 2012 Q3 result announced = 1462367*0.13/363226 = 0.5234, estimate PE on current price 19.5 = 36.36(DPS 0.47)

- Estimate next 4Q eps after 2012 Q2 result announced = 1478221*0.12/362737 = 0.489, estimate highest/lowest PE = 43.07/33.46 (DPS 0.44)

- Estimate next 4Q eps after 2012 Q1 result announced = 1597694*0.11/362592 = 0.4847, estimate highest/lowest PE = 38.72/33.36 (DPS 0.43)

- Estimate next 4Q eps after 2011 Q4 result announced = 0.2151*4*0.95 = 0.8174, estimate highest/lowest PE = 22.18/19.78 (DPS 0.97)

- Estimate next 4Q eps after 2011 Q3 result announced = (0.3+0.2151)*2*0.7 = 0.7211, estimate highest/lowest PE = 25.64/21.43 (DPS 0.41)

- Estimate next 4Q eps after 2011 Q2 result announced = 0.3*4 = 1.2(exclude RM53 million from sale of property income), estimate highest/lowest PE = 16.02/14.52 (DPS 0.58)

- Estimate next 4Q eps after 2011 Q1 result announced = 0.2*4 = 0.8(around 5% ROE), estimate highest/lowest PE = 22.09/18.07 (DPS 0.545)

- Estimate next 4Q eps after 2010 Q4 result announced = 0.875*0.95 = 0.8313, estimate highest/lowest PE = 17.58/15.82 (DPS 1.645)

- Estimate next 4Q eps after 2010 Q3 result announced = 0.8236(correction), estimate highest/lowest PE = 17.53/15.85 (DPS 0.465)

- Estimate next 4Q eps after 2010 Q2 result announced = 1.0072(10% grow from 0.4578*2), estimate highest/lowest PE = 14.43/10.18 (DPS 0.465)

- Estimate next 4Q eps after 2010 Q1 result announced = 0.961(10% grow from 0.2184*4), estimate highest/lowest PE = 11.06/10.44 (DPS 0.47)

- Estimate next 4Q eps after 2009 Q4 result announced = 0.8195, estimate highest/lowest PE = 13.58/12.04 (DPS 0.47)

- Estimate next 4Q eps after 2009 Q3 result announced = 0.8, estimate highest/lowest PE = 12.79/11.29 (DPS 0.47)

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Material price

## Sunday, September 16, 2012

### KLCI Stock - HOMERIZ / 5160 - 2012 Quarter 3

__Company Info__Market Capital (Capital Size) | 59,000,000 (Very Small) |

Par Value | RM 0.20 |

__My Analysis__Forecast P/E now | (0.295-0.0255)/0.0578 = 4.66 (Moderate) |

Target Price | 0.32+0.0255 = 0.34 (PE 5.5, EPS 0.0578, DPS 0.0255) |

Decision | BUY for dividend as long as still above SMA100 |

Comment | Revenue decreased 5.6% and was second consecutive quarter decreasing but still higher than preceding year corresponding quarter 15%, eps increased 4.2% and also higher than preceding year corresponding quarter 69.3%, cash generated from operating more than enough to cover all expenses, margin is maintain good, liquidity ratio indicate financial strength is very strong now, lower gearing ratio can indicate not able to generate more return with leverage but is free of lender issue, all accounting of collection or repayment perid is good |

First Support Price | 0.28 |

Second Support Price | 0.26 |

Risk Rating | MODERATE |

__Accounting Ratio__Return on Equity | 20.71% |

Dividend Yield | 8.64% |

Gross Profit Margin | - |

Operating Profit Margin | 16.62% |

Net Profit Margin | 16.45% |

Tax Rate | 5.13% |

Asset Turnover | 1.174 |

Net Asset Value Per Share | 0.34 |

Net Tangible Asset per share | 0.34 |

Price/Net Tangible Asset Per Share | 0.91 |

Cash Per Share | 0.1 |

Liquidity Current Ratio | 6.1666 |

Liquidity Quick Ratio | 3.5419 |

Liquidity Cash Ratio | 2.4926 |

Gearing Debt to Equity Ratio | 0.1922 |

Gearing Debt to Asset Ratio | 0.1544 |

Working capital per thousand Ringgit sale | 41.5% |

Days to sell the inventory | 91 |

Days to collect the receivables | 30 |

Days to pay the payables | 33 |

__Technical Analysis__SMA 10 | 0.29 (Same) |

SMA 20 | 0.294 (Downtrend 20 days) |

SMA 50 | 0.298 (Same) |

SMA 100 | 0.281 (Same) |

SMA 200 | 0.276 (Same) |

MACD (26d/12d) | -0.002413 ( 0.000505 ) |

Signal (9) | -0.002425 ( 3e-006 ) |

MACD Histogram | 0.000012 (Bullish trend 1 day) |

Bolinger Upper Band | 0.315 |

Bolinger Lower Band | 0.273 |

__My notes based on 2012 quarter 3 report (number in '000):-__- Higher revenue and pbt than FY11Q3 was attributed to better selling price of certain product and an increase in volume of product sold and higher profit margin

- Higher pbt than FY12Q2 mainly attributable to the one off expenses, bonus payout to employees expenses incurred in the preceding quarter Q2FY2012

- Estimate next 4Q eps after 2012 Q3 result announced = 72215*0.16/200000 = 0.0578, estimate PE on current price 0.295 = 4.66(DPS 0.0255)

- Estimate next 4Q eps after 2012 Q2 result announced = 68607*0.18/200000 = 0.0617, estimate highest/lowest PE = 5.23/3.69 (DPS 0.0225)

- Estimate next 4Q eps after 2012 Q1 result announced = 68514*0.15/200000 = 0.0514, estimate highest/lowest PE = 6.08/4.72 (DPS 0.0225)

- Estimate next 4Q eps after 2011 Q4 result announced = 0.0196*4 = 0.0784, estimate highest/lowest PE = 3.83/2.93 (DPS 0.02)

- Estimate next 4Q eps after 2011 Q3 result announced = 0.0088*4*1.05 = 0.037, estimate highest/lowest PE = 7.57/4.86 (DPS 0.02)

- Estimate next 4Q eps after 2011 Q2 result announced = (0.0172+0.0085)*2 = 0.0514, estimate highest/lowest PE = 7.2/4.67 (DPS 0.02)

- Estimate next 4Q eps after 2011 Q1 result announced = 0.0172*4*1.05 = 0.0722(revenue incrreased, improved balance sheet), estimate highest/lowest PE = 6.09/4.57 (DPS 0.04)

- Estimate next 4Q eps after 2010 Q4 result announced = 0.0207*4 = 0.0828, estimate highest/lowest PE = 7/4.29 (DPS 0.04)

- Estimate next 4Q eps after 2010 Q3 result announced = 0.0242*4*0.95 = 0.092, estimate highest/lowest PE = 6.47/4.35 (DPS 0.04)

- Estimate next 4Q eps after 2010 Q2 result announced = 0.0268*4*0.95 = 0.1018, estimate highest/lowest PE = 6.04/4.91 (DPS 0.04)

- In FY2010, revenue recorded RM110 million and profit RM21.7 million

- In FY2009, revenue recorded RM108.4 million and profit RM22.7 million

- In FY2008, revenue recorded RM92.6 million and profit RM12.4 million

- In FY2007, revenue recorded RM73.8 million and profit RM10.5 million

- Revenue regions percentage: Europe-60%, Australasia-26%, North & South America-8%, Others-6%

- Revenue products percentage: Upholstered Sofas-55%, Upholstered Dining Chairs-30%, Upholstered Bed Frames-13%, Others-2%

- Dividend policy envisage not less than 40% of net profit, intends to recommend and distribute at least 50% of net profits

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### KLCI Stock - PWROOT / 7237 - 2013 Quarter 1

__Company Info__Market Capital (Capital Size) | 318,000,000 (Small) |

Par Value | RM 0.20 |

__My Analysis__Forecast P/E now | (1.06-0.05)/0.0708 = 14.27 (Moderate) |

Target Price | 1.17+0.05 = 1.22 (PE 16.5, EPS 0.0708, DPS 0.05) |

Decision | BUY for dividend |

Comment | Revenue increased 5.9% and was fourth consecutive quarter increasing(higher than preceding year corresponding quarter 43.6%), eps increased 81.2% and also higher than preceding year corresponding quarter 305.3%, cash generated from operating more than enough to cover all expenses, maintain very high margin, liquidity ratio indicate financial strength still very strong although is weakening in recent year, higher gearing ratio with higher profit in current quarter indicate if this consistent can bring more income in the future and still no concern on lender issue |

First Support Price | 0.98 |

Second Support Price | 0.84 |

Risk Rating | MODERATE |

__Research House__Kenanga Target Price | 1 (2012-08-14) |

Jupiter Target Price | 1.22 (2012-08-29) |

__Accounting Ratio__Return on Equity | 10.56% |

Dividend Yield | 4.72% |

Gross Profit Margin | - |

Operating Profit Margin | 57.24% |

Net Profit Margin | 10.58% |

Tax Rate | - |

Asset Turnover | 0.938 |

Net Asset Value Per Share | 0.64 |

Net Tangible Asset per share | 0.62 |

Price/Net Tangible Asset Per Share | 1.07 |

Cash Per Share | 0.14 |

Liquidity Current Ratio | 3.0317 |

Liquidity Quick Ratio | 2.5321 |

Liquidity Cash Ratio | 0.735 |

Gearing Debt to Equity Ratio | 0.3118 |

Gearing Debt to Asset Ratio | 0.2368 |

Working capital per thousand Ringgit sale | 48.0% |

Days to sell the inventory | 101 |

Days to collect the receivables | 146 |

Days to pay the payables | 175 |

__Technical Analysis__SMA 10 | 1.016 (Uptrend) |

SMA 20 | 1.003 (Uptrend 65 days) |

SMA 50 | 0.839 (Uptrend) |

SMA 100 | 0.676 (Uptrend) |

SMA 200 | 0.578 (Uptrend) |

MACD (26d/12d) | 0.051304 ( 0.000562 ) |

Signal (9) | 0.059368 ( 0.002016 ) |

MACD Histogram | 0.008064 (Bearish trend 8 days) |

Bolinger Upper Band | 1.2 |

Bolinger Lower Band | 0.806 |

__My notes based on 2013 quarter 1 report (number in '000):-__- Higher revenue and pbt mainly attributable to the increase in the local and export sales from the Group’s Fast Moving Consumer Goods (“FMCG”) business

- Estimate next 4Q eps after 2013 Q1 result announced = 193137*0.11/300000 = 0.0708, estimate PE on current price 1.06 = 14.27(DPS 0.05)

- Estimate next 4Q eps after 2012 Q4 result announced = 186059*0.1/300000 = 0.062, estimate highest/lowest PE = 11.29/7.5 (DPS 0.05)

- Estimate next 4Q eps after 2012 Q3 result announced = 185972*0.08/300000 = 0.0496(ROE 8%), estimate highest/lowest PE = 10.28/9.17 (DPS 0.04)

- Estimate next 4Q eps after 2012 Q2 result announced = 0.0085*4 = 0.034, estimate highest/lowest PE = 15/12.79 (DPS 0.04)

- Estimate next 4Q eps after 2012 Q1 result announced = 0.0407*1.05 = 0.0427, estimate highest/lowest PE = 12.76/10.19 (DPS 0.04)

- Estimate next 4Q eps after 2011 Q4 result announced = 0.0407*1.05 = 0.0427, estimate highest/lowest PE = 13.47/11.83 (DPS 0.02)

- Estimate next 4Q eps after 2011 Q3 result announced = (0.0323+0.0038)*1.1 = 0.0397, estimate highest/lowest PE = 14.74/11.08 (DPS 0.08)

- Estimate next 4Q eps after 2011 Q2 result announced = 0.0285*2*0.95 = 0.0542, estimate highest/lowest PE = 13.56/8.67 (DPS 0.08)

- Estimate next 4Q eps after 2011 Q1 result announced = 0.0338*1.1 = 0.0372(10% increase from 0.0338), estimate highest/lowest PE = 18.55/13.98 (DPS 0.04)

- Estimate next 4Q eps after 2010 Q4 result announced = 0.0338(follow 2010 cumulative eps), estimate highest/lowest PE = 16.57/13.46 (DPS 0.04)

- Estimate next 4Q eps after 2010 Q3 result announced = 0.04, estimate highest/lowest PE = 14.25/11.13 (DPS 0.04)

- Estimate next 4Q eps after 2010 Q2 result announced = 0.0395, estimate highest/lowest PE = 14.68/12.03 (DPS 0.04)

- Estimate next 4Q eps after 2010 Q1 result announced = 0.034, estimate highest/lowest PE = 17.94/12.35 (DPS 0.03)

PWROOT latest news (English)

PWROOT latest news (Chinese)

## Saturday, September 15, 2012

### KLCI Stock - MAHSING / 8583 - 2012 Quarter 2

__Company Info__Market Capital (Capital Size) | 1,861,123,924 (Large) |

Par Value | RM 0.50 |

__My Analysis__Forecast P/E now | (2.22-0.11)/0.2984 = 7.07 (Moderate) |

Target Price | 2.54+0.11 = 2.65 (PE 8.5, EPS 0.2984, DPS 0.11) |

Decision | BUY if stock price strong sustain above SMA20 or wait next uptrend above SMA100 |

Comment | Revenue decreased 0.6% but higher than preceding year corresponding quarter 9.4%, eps increased 0.4% and was second consecutive quarter increasing and also higher than preceding year corresponding quarter 41.5%, cash generated from operating not enough to cover financing expenses hence spent 18.3% of Group cash to cover all other expenses, maintaine high margin, liquidity ratio indicate financial strength still good although is weakening recently, high gearing ratio with high profit indicate great deal of leverage but increase concern on lender, all accounting of collection or repayment period is still manageable , higher property development cost can indicate property business still good prospects |

First Support Price | 2.15 |

Second Support Price | 2.0 |

Risk Rating | MODERATE |

__Research House__HLG Target Price | 2.37 (2012-05-29) |

OSK Target Price | 2.69 (2012-05-29) |

AMMB Target Price | 3.6 (2012-08-17) |

CIMB Target Price | 2.71 (2012-08-17) |

Maybank Target Price | 2.38 (2012-08-17) |

MIDF Target Price | 2.85 (2012-08-17) |

TA Target Price | 2.77 (2012-08-17) |

Kenanga Target Price | 2.4 (2012-09-13) |

__Accounting Ratio__Return on Equity | 20.02% |

Dividend Yield | 4.95% |

Gross Profit Margin | 28.57% |

Operating Profit Margin | 17.62% |

Net Profit Margin | 18.22% |

Tax Rate | 27.47% |

Asset Turnover | 0.5656 |

Net Asset Value Per Share | 1.34 |

Net Tangible Asset per share | 1.33 |

Price/Net Tangible Asset Per Share | 1.79 |

Cash Per Share | 0.66 |

Liquidity Current Ratio | 2.6497 |

Liquidity Quick Ratio | 1.0173 |

Liquidity Cash Ratio | 0.5198 |

Gearing Debt to Equity Ratio | 1.7363 |

Gearing Debt to Asset Ratio | 0.632 |

Working capital per thousand Ringgit sale | 100.3% |

Days to sell the inventory | 502 |

Days to collect the receivables | 109 |

Days to pay the payables | 264 |

__Technical Analysis__SMA 10 | 2.214 (Downtrend) |

SMA 20 | 2.256 (Downtrend 9 days) |

SMA 50 | 2.157 (Uptrend) |

SMA 100 | 2.024 (Uptrend) |

SMA 200 | 1.969 (Uptrend) |

MACD (26d/12d) | -0.00224 ( 0.000659 ) |

Signal (9) | 0.017797 ( 0.005009 ) |

MACD Histogram | 0.020037 (Bearish trend 19 days) |

Bolinger Upper Band | 2.411 |

Bolinger Lower Band | 2.101 |

__My notes based on 2012 quarter 2 report (number in '000):-__- As at 30 June 2012, the Group’s remaining undeveloped land was 1,495 acres and approximately RM18.0 billion in total remaining GDV and unbilled sales

- Plastics segment continued to contribute positively to group revenue and profit. Whilst revenue grew marginally by 1%, profit margin was affected by foreign exchange difference and higher staff costs as a result of minimum wage ruling in Indonesia

- Estimate next 4Q eps after 2012 Q2 result announced = 1142523*0.22/842207 = 0.2984, estimate PE on current price 2.22 = 7.07(DPS 0.11)

- Estimate next 4Q eps after 2012 Q1 result announced = 1151402*0.21/844481 = 0.2863, estimate highest/lowest PE = 8.36/6.51 (DPS 0.076)

- Estimate next 4Q eps after 2011 Q4 result announced = 1088489*0.18/853767 = 0.2295, estimate highest/lowest PE = 9.69/7.73 (DPS 0.076)

- Estimate next 4Q eps after 2011 Q3 result announced = 0.0499*4*0.95 = 0.1896, estimate highest/lowest PE = 11.2/8.41 (DPS 0.076)

- Estimate next 4Q eps after 2011 Q2 result announced = 0.0504*4 = 0.2016, estimate highest/lowest PE = 12.12/7.01 (DPS 0.076)

- Estimate next 4Q eps after 2011 Q1 result announced = 0.0485*4 = 0.194, estimate highest/lowest PE = 13.47/10.64 (DPS 0.076)

- Estimate next 4Q eps after 2010 Q4 result announced = 0.0376*4*1.1 = 0.1654, estimate highest/lowest PE = 16.05/13.2 (DPS 0.076)

- Estimate next 4Q eps after 2010 Q3 result announced = 0.0357*4*1.1 = 0.1571, estimate highest/lowest PE = 17.6/10.85 (DPS 0.065)

- Estimate next 4Q eps after 2010 Q2 result announced = 0.0355*4*1.1 = 0.1562, estimate highest/lowest PE = 12.45/10.47 (DPS 0.065)

- Estimate next 4Q eps after 2010 Q1 result announced = 0.034*4*1.1 = 0.1496, estimate highest/lowest PE = 12.13/9.99 (DPS 0.065)

- Estimate next 4Q eps after 2009 Q4 result announced = 0.0388*4 = 0.1552, estimate highest/lowest PE = 12.6/10.53 (DPS 0.065)

- Estimate next 4Q eps after 2009 Q3 result announced = 0.0373*4 = 0.1492, estimate highest/lowest PE = 12.73/10.72 (DPS 0.08)

- Estimate next 4Q eps after 2009 Q2 result announced = 0.0366*4 = 0.1464, estimate highest/lowest PE = 13.66/11.61 (DPS 0.08)

- Estimate next 4Q eps after 2009 Q1 result announced = 0.036*4 = 0.144, estimate highest/lowest PE = 13.68/11.39 (DPS 0.08)

- Estimate next 4Q eps after 2008 Q4 result announced = 0.0271*4 = 0.1084, estimate highest/lowest PE = 16.33/13.28 (DPS 0.08)

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## Sunday, September 9, 2012

### KLCI Stock - SIME / 4197 - 2012 Quarter 4

SIME DARBY BERHAD

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