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Sponsor by cwyeoh

Sponsor by Nuffnang

Saturday, January 26, 2013

KLCI Stock - BJTOTO / 1562 - 2013 Quarter 2

BERJAYA SPORTS TOTO BERHAD


Company Description
Berjaya Sports Toto Berhad (BToto) is principally engaged in investment holding and provision of management services to its subsidiary companies. The Company, along with its subsidiaries, is principally engaged in the operations of Toto betting; leasing of online lottery equipment; manufacture and distribution of computerized lottery and voting systems; property investment and development, and investment holding. The Company operates in two segments: toto betting and leasing of lottery equipment, and others, which includes property investment and development, investment holding, and manufacture and distribution of computerized lottery and voting systems. On September 5, 2008, the Company incorporated a wholly owned subsidiary, Berjaya-ILTS Limited. In May 2009, the Company, through its subsidiary Berjaya Sports Toto (Cayman) Limited (BSTC), acquired 6.81% interest in Prime Gaming Philippines, Inc.

Company Info
Listing Date1972-05-04
Market Capital (Capital Size)5,890,491,113 (Very Large)
Par ValueRM 0.10
BoardMain
SectorTrading/Services
Major IndustryGaming
Sub IndustryDiversified Business
Websitehttp://www.berjaya.com/

My Analysis
Forecast P/E now(4.36-0.28)/0.3479 = 11.73 (Moderate)
Target Price4.52+0.28 = 4.80 (PE 13.0, EPS 0.3479, DPS 0.28)
First Support Price4.3
Second Support Price4.2
Risk RatingLOW

Research House
Jupiter Target Price4.7 (2012-06-07)
CIMB Target Price5.3 (2012-09-19)
HwangDBS Target Price4.3 (2012-09-19)
Maybank Target Price5 (2012-09-19)
AMMB Target Price4.7 (2012-10-01)
RHB Target Price4.65 (2012-10-15)
Alliance Target Price4.13 (2012-12-19)
HLG Target Price4.73 (2012-12-19)
Public Target Price4.65 (2012-12-19)
TA Target Price5.05 (2012-12-19)
Kenanga Target Price3.88 (2012-12-20)
OSK Target Price5.01 (2012-12-27)

Accounting Ratio
Return on Equity86.82%
Dividend Yield6.42%
Operating Profit Margin18.25%
Net Profit Margin17.77%
Tax Rate28.56%
Asset Turnover2.4299
Net Asset Value Per Share0.4
Net Tangible Asset per share-0.08
Price/Net Tangible Asset Per Share-55.87
Cash Per Share0.34
Liquidity Current Ratio1.0998
Liquidity Quick Ratio1.0795
Liquidity Cash Ratio0.8266
Gearing Debt to Equity Ratio1.786
Gearing Debt to Asset Ratio0.6256
Working capital per thousand Ringgit sale1.5%
Days to sell the inventory1
Days to collect the receivables14
Days to pay the payables42

Technical Analysis
SMA 104.343 (Uptrend)
SMA 204.349 (Uptrend 1 day)
SMA 504.325 (Uptrend)
SMA 1004.294 (Uptrend)
SMA 2004.198 (Uptrend)
MACD (26d/12d)-0.001188 ( 0.00184 )
Signal (9)0.003162 ( 0.001087 )
MACD Histogram0.004350 (Bearish trend 4 days)
Bolinger Upper Band4.396
Bolinger Lower Band4.302

My notes based on 2013 quarter 2 report (number in '000):-
- Higher revenue and pbt mainly attributed to strong sales from high jackpot in the Power Toto 6/55 game as well as having higher number of draws and higher lease rental income arising from the improved sales registered by the Philippine Charity Sweepstakes Office

- Estimate next 4Q eps after 2013 Q2 result announced = 0.1689*2*1.03 = 0.3479, estimate PE on current price 4.36 = 11.73(DPS 0.28)
- Estimate next 4Q eps after 2013 Q1 result announced = 201894*2*1.1/1322988 = 0.3357, estimate highest/lowest PE = 12.75/11.89 (DPS 0.27)
- Estimate next 4Q eps after 2012 Q4 result announced = 503173*0.8/1334972 = 0.3015, estimate highest/lowest PE = 13.83/13.03 (DPS 0.27)
- Estimate next 4Q eps after 2012 Q3 result announced = 527397*0.78/1336687 = 0.3078, estimate highest/lowest PE = 13.61/12.67 (DPS 0.27)
- Estimate next 4Q eps after 2012 Q2 result announced = (0.0689+0.079)*2*1.05 = 0.3106, estimate highest/lowest PE = 13.68/12.59 (DPS 0.25)
- Estimate next 4Q eps after 2012 Q1 result announced = (0.0689+0.0779)*2 = 0.2936, estimate highest/lowest PE = 14.2/13.15 (DPS 0.21)
- Estimate next 4Q eps after 2011 Q4 result announced = 0.0779*4 = 0.3116, estimate highest/lowest PE = 13.83/12.2 (DPS 0.18)
- Estimate next 4Q eps after 2011 Q3 result announced = (0.0859+0.0487)*2*1.05 = 0.2827, estimate highest/lowest PE = 15.53/13.76 (DPS 0.18)
- Estimate next 4Q eps after 2011 Q2 result announced = 0.0487*4*1.05 = 0.2045, estimate highest/lowest PE = 21.27/18.97 (DPS 0.16)
- Estimate next 4Q eps after 2011 Q1 result announced = 0.2889*0.8 = 0.2311, estimate highest/lowest PE = 17.83/17.05 (DPS 0.16)
- Estimate next 4Q eps after 2010 Q4 result announced = 0.2889*0.9 = 0.26(10% drop), estimate highest/lowest PE = 16.19/14.58 (DPS 0.27)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.0729*4 = 0.2916, estimate highest/lowest PE = 15.09/13.34 (DPS 0.27)
- Estimate next 4Q eps after 2010 Q2 result announced = 0.0762*4 = 0.3048, estimate highest/lowest PE = 13.65/12.53 (DPS 0.29)
- Estimate next 4Q eps after 2010 Q1 result announced = 0.0797*4 = 0.3188, estimate highest/lowest PE = 12.21/12.08 (DPS 0.29)
- Estimate next 4Q eps after 2009 Q4 result announced = 0.0854*4 = 0.3416, but this is too high, so use last 3 years average eps = (0.3268+0.276+0.2905)/3 = 0.2978, estimate highest/lowest PE = 16.66/13.26 (DPS 0.29)
- Estimate next 4Q eps after 2009 Q3 result announced = 0.0773*4 = 0.3092, estimate highest/lowest PE = 15.33/13.97 (DPS 0.26)

BJTOTO latest news (English)

BJTOTO latest news (Chinese)




Financial Quarter Summary   Open in New Window
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
2012-12-1820132N/AN/A0.09522.27%44.16%90870518086141614513223261125942232810.08520.168915260816021779546695475233687057141225244831277180949412343221171402224525651321882132188259088122012-10-3118.25%17.77%28.56%2.4299-0.4-0.08-55.870.341.09981.07950.82661.7860.62561.5%11442
2012-09-18201314.554.260.06521.89%21.89%8999098999091608751608751106871106870.08370.0837155993663960210060614466643445255387514647017752178304143081287181108885251961322988132298858079172012-07-3116.55%17.88%28.68%2.3474-0.39-0.1-43.90.41.4321.40281.17581.93690.64495.3%21050
2012-06-18201244.444.20.0519.08%84.03%9161263607766132794576625912074017240.06860.300914267575035899211683641593139950558948242521535503861451194460890429714082231329714133497256246902012-04-3014.31%14.50%27.71%2.528614.05670.36-0.13-32.540.311.38291.34421.12481.94260.64563.9%2841
2012-03-21201234.464.170.0623.58%64.95%98345926916401649394438311127403105170.08440.2323145522954961592783237209525818527397378732968637758945142136904685434428781335060133668758742642012-01-3117.32%16.77%30.53%2.469-0.38-0.11-40.00.331.47711.44491.19431.84980.63764.9%1939
2011-12-12201224.54.160.0822.10%41.37%86237117081811487852788921056731977770.07900.14791489763586644951334395691275845384292689027609242415452916261293188784717941337500133750054837502011-10-3117.76%17.25%27.84%2.323-0.38-0.1-41.00.351.48261.45521.19621.86230.63865.5%11146
2011-09-21201214.384.070.0819.26%19.26%84581084581013010713010792104921040.06890.06891455515556254921870366382262775336451181851976134160450788120161139994367891337500133750058181252011-07-3115.92%15.38%27.93%2.3662-0.38-0.1-43.50.331.51821.49751.19421.8170.63345.5%11242
2011-06-20201144.493.980.0322.43%74.93%90130834336591480785059091041853480980.07790.260314463085450729682174127292372347809139227793661892402562083829111936714498791337500133750060455002011-04-3017.28%16.43%28.72%2.374117.36720.34-0.14-32.290.341.32071.30631.09362.13090.66943.9%1949
2011-03-15201134.574.070.0624.73%52.51%85116625323511614933578311148752439130.08590.18241328533475816881663326862222914468702664138781186339256646257632712933279391337500133750054703752011-01-3119.60%18.97%27.11%2.5522-0.32-0.16-25.560.251.45571.43391.0152.07660.66364.4%11539
2010-12-10201124.514.040.0414.01%27.78%845790168118597740196338650821290380.04870.096512755904228358889763341471921938661412607168421190302570061192291992572051337500133750055238752010-10-3112.21%11.56%31.24%2.6578-0.27-0.21-19.670.21.26541.24440.78132.41970.69692.6%11639
2010-09-20201114.284.10.0813.77%13.77%835395835395985989859863956639560.04780.0478128523143725486670836199915891418523112932563364610257150107299426892998391337500133750054971252010-07-3113.24%11.80%33.82%2.6466-0.3-0.18-22.830.231.20791.18450.84152.15260.67442.2%11342
2010-06-18201044.484.060.0816.21%76.87%8582943392810117321548188808953835040.06120.2902123158438030276703345739115074464551449161107675311601227577341486298852574621321318132131858534382010-04-3014.10%13.67%29.18%2.754415.2630.34-0.15-29.530.20.83150.81290.57511.70650.6228-2.3%11136
2010-03-15201034.674.16-19.61%60.30%8507592534029139259428834978513008470.07290.228612492234057348657145207231252138350934697089077235881229447257893220122514591341727131610058633462010-01-3117.08%16.37%29.15%2.7252-0.28-0.21-20.810.190.77920.76470.49092.33350.693-3.4%11534
2009-12-10201024.454.11-20.55%40.69%85710516832701474372895751025442029960.07620.155811978123615898818975368701062431591522335631112154263228830192244379812668111345698130328656519312009-10-3117.95%17.20%29.95%3.0149-0.23-0.26-16.150.20.67350.65820.4972.88870.7363-4.9%1728
2009-09-09201014.54.140.1920.13%20.13%8261658261651421381421381004521004520.07970.07971123566283383907384507267978421618212082432677923962302638814742492260141260875126087554469802009-07-3117.17%17.20%28.67%3.2895-0.16-0.35-12.340.180.55860.54210.45174.39630.8076-6.1%1428
2009-06-15200945.354.240.1130.30%115.98%87033336956861508135853281072494104930.08540.326811144743033016155684511561595949890649028235660354700130553454622999222304751256000125600062297602009-04-3017.78%17.33%27.18%3.316115.17630.38-0.11-45.090.190.67230.65570.52511.27460.5523-4.0%1533
2009-03-16200935.054.560.0527.44%85.68%10576632825353141420434515971123032440.07730.241411257763135636752034969221579045057338234121706278059133212360635825762157881256000125600058780802009-01-3013.43%13.37%30.38%3.2797-0.35-0.15-31.20.170.6310.61590.4371.5530.5998-5.0%1829
2008-12-12200924.824.50.0732.14%58.24%94178817676901623962930951137422061320.09060.16411058567258720641701430098165254168663040509470243277129626294580513031809291256000125600057022402008-10-3117.88%17.24%28.57%3.3026-0.32-0.17-26.710.150.60150.58320.42381.60290.6062-4.9%1532
2008-09-08200914.84.040.0626.10%26.10%82590282590213069913069992390923900.07360.073610397292362826824984383282036835723110083651476982512612295689258641519861256000125600057524802008-07-3116.08%15.83%28.10%3.2188-0.27-0.22-20.820.120.53910.51790.34962.0260.6564-6.0%1637
2008-06-18200844.944.40.0914.18%81.38%866831327779793929502627607623486630.04830.2760102418822088967026836911323244353920344898728065379562467204177041202521264681256858126343861837412008-04-3011.39%10.84%29.89%3.200417.82840.26-0.23-21.390.10.59840.57720.34672.0270.6544-4.5%1832
2008-03-05200835.34.660.0822.91%67.19%8614772410946148054408698981582879010.07790.227510787172739866967453733201983438197229816081549447246248307379709675371807701260824126558461780372008-01-3117.87%17.19%32.16%3.0039-0.29-0.2-24.50.140.73390.70470.48421.9240.6459-3.1%1828
2007-12-07200825.54.80.0820.88%44.28%7924711549469119206260644894701897430.07090.149610894602894257210153710281479236844518273783354330427247483266091643361831471261574126796463709482007-10-3115.39%15.04%23.72%2.8912-0.28-0.21-24.050.150.78010.7480.49362.03880.6618-2.6%2926
2007-09-10200815.154.80.124.07%23.40%7569987569981414381414381031291002730.08090.0787124112044150485200247025612467389118146828836951115572475742305231189663665401274380127438063464122007-07-3118.55%18.68%25.96%1.8994-0.3-0.19-26.210.290.93890.91620.78222.2620.6865-1.2%2956
2007-06-2820074N/AN/A0.075N/AN/A8293613035288149001545332920943756870.07190.290512132354203987847713739581017942846446483645978113366406588839246174120232468601280530129314057367742007-04-3018.41%17.97%37.99%1.319115.42050.32-0.15-29.870.21.12421.09670.68371.87620.64682.9%33358
2007-03-0720073N/AN/A0.125N/AN/A77098122049951520393966601173382843520.09060.219613420615589748082753641151312453378635246346722511193636598268196882996753601511294730129473059816522007-01-3119.78%19.72%22.48%0.5745-0.4-0.07-66.00.291.53521.50561.03551.55240.602325.3%677138

Financial Quarter Balance Sheet   Open in New Window
yearqrtDeferred 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)Amount due from associated companies (A-1)Cash and cash equivalents (A-1)Current asset classified as held for sales (A-1)Current tax assets (A-1)Deposits with licensed banks (A-1)Inventories (A-1)Other investments (A-1)Other receivables (A-1)Commercial papers and medium term notes (L-0)Deferred income (L-0)Deferred liabilities (L-0)Deferred tax liabilities (L-0)Loans & borrowings (L-0)Other liabilities (L-0)Provisions (L-0)Retirement benefits obligations (L-0)Amount due to associated companies (L-1)Current tax liabilities (L-1)Dividend payable (L-1)Loans & borrowings (L-1)Medium term notes (L-1)Other payables (L-1)Provisions (L-1)Minority interest (M-1)
201321529164467538229659837871-125647-452565-72-11147-138393400000--4380-647-2119-39678--15000035722562036870
201311320364521342449659830257-130819-525196-158-13033-101215550000--4412-2912-2073-30636---41544558334452
201241141764385763799223638140-131139-4088474781136-1408275974984550000--4412-694-1903-26221---33742551331399
201231082064362748398716830659-128501-442878-155-11978152693078550000--3095-706-1936-49821---32182844625818
201221071864399922848716826442-132508-471794-58-108411535102416550000--3095-733-1815-38285---3573268027584
201211070064315522308077628882-133518-436789-57-7579738111091550000--3065-801-1622-32162---3341497126277
20114882064275722388077630745-135900-449897-61-5919148387712550000--3065-867-1556-23475---3891629223723
20113781364303731447859328343-91787-327939-81-7133382113684255000013-2129-930-1729-21553---3052208922291
20112705564413832057855125113-94693-2572058895991-7027387914784455000025-2129-1005-1670-27072---3070225319219
201111033164332332847423123112-93696-29983911005998-84804784117053-39-21295000001052-1489-35084---32680311215891
20104967464398635717423123119-96701-25746211005999-84765566101699---21293050001111-1402-34227-145000-27803013415074
2010388136449071717360620088267793227-251459-6005-75614155136554--368821710305000--1399-46338-215000-2593067912521
2010265026441701647360616214268692881-266811-14775-8241-71762--368911710305000--1426-60239-247500-22901511610624
2010165236450561647316616033269696545-226014-8445-8394313537395--377721710359247--1388-44714-225753-2366771239784
2009452146183581647316613204270598362-230475-8443-7471642950483--371471710124247--1308-36159-138439-2764837515959
2009342366199551657355212986271598604-215788-12440-7525139076420--351481917140000--1216-5094065940130000-2499489415790
200927866183411657355210751272493528-180929-18920-7873135049648--350182991172500--1094-41015-127500-26138819516525
200918476182221657355213956273493971-151986-18878-9267123754914--351322991205000--1047-25855-125000-286178129520368
200848586184251657120514993274394910---166271261737832179468463--349922473262686--1004-25674-97314-244785134023244
2008317796205181656834416104279095031---1418218077010896-68138--506881717270000-1020--47307-120000-20561839519834
2008214056192501656834418127-92744---1435918314711914-80005--473501717300000-920--66456-117500-18685521714792
2008114026191621656834417316-93227---777936654010634128455267--474823400330000-864-13463809-115000-29070760612467
2007414686178101656803113231-9213275056-10621044424686010284881167881--466393400360000-774-60554673-112500-20534883210179
200734076080871676792714282-922179392422318-7910337833107611689869330--463915069390000-2700-4720424-110000-233644-13124

Financial Quarter Income Statement   Open in New Window
yearqrtRevenueIncome tax expenseFinance/interest costsAdministrative/Operating expensesMinority interestShare of profit/ (loss) of associatesInvestment gain/lossManagement expenses for investment
2013290870546103775974286027546844049-
201318999094614676297509984042233021923-
20124916126367967395785045479136394710
20123983459503547598813156184510035061172
201228623714142677127092311686543303-
20121845810363447661711180165983146-
201149013084253374677455841360908729-
201138511664378177136843212837592420-
201128457903053272467425242126781798-
20111835395333411344972474913012881689-
201048582943423867117372712188123021-
20103850759405977296705422811-1218-
20102857105441517926703227742-1485-
20101826165407543455684315932-3743-
2009487033340995344071554625691533-
2009310576634296038619156591348-3277-
200929417884639342117733622261-1819-
200918259023672045996931081589-2504-
200848668312807950527680565088-206-
200838614774760855707075622288-291-
200827924712828160896704901455-3314-
200817569983672057196165751589-6734-
2007482936156601671167664830602999-
20073770981341856790618466516-6314-

Financial Quarter Segments Revenue
yearqrtOthersToto betting and leasing of lottery equipment
201329231899474
201318217891692
2012423780892346
2012313372970087
201226270856101
201215618840192
201145207896101
201136557844609
201126757839033
201116080829315
2010410312847982
201033060847699
201022466854639
201012338823827
200943489866844
2009327031054960
200925037936751
200914334821568
2008417630849201
200833224858253
200823247789224
200813417753581
20074810828551
20073556770425

Financial Quarter Segments Profit
yearqrtOthersToto betting and leasing of lottery equipment
201321848171117
201311159152974
201241952136366
20123651174388
201222433158681
201212485139902
201142726161594
201131378171035
20112873107002
201112115114870
201041953121451
201033399151892
201025947162789
201012634148934
200942933160150
200934072148561
20092463170246
200911903136857
20084766593465
200831857158083
200822058126213
200811440143827
2007410258164441
20073456154243

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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