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Friday, January 25, 2013

KLCI Stock - KELADI / 6769 - 2013 Quarter 3

KELADI MAJU BERHAD


Company Description
Keladi Maju Berhad is a property development and investment holding company. It operates in three business segments. The property development segment is engaged in the development of residential and commercial properties. The cultivation of oil palm segment is engaged in the cultivation and sale of oil palm fruits. The others segment is engaged in investment holding. The Company's wholly owned subsidiaries include Keladi Kulim Sdn. Bhd., Keladi Land Sdn. Bhd., Ikam Maju Sdn. Bhd., Perlis Resins and Chemicals Sdn. Bhd., Bunga Raya Inn Sdn. Bhd., Neraca Rancak Sdn. Bhd. and Kekalasia (M) Sdn. Bhd.

Company Info
Listing Date1997-05-28
Market Capital (Capital Size)163,036,650 (Small)
Par ValueRM 0.10
BoardMain
SectorProperties
Major IndustryProperty Development
Sub IndustryOil Palm & Others Crop
Websitehttp://www.keladimaju.com/

My Analysis
Forecast P/E now(0.215-0.02)/0.0278 = 7.01 (Moderate)
Target Price0.22+0.02 = 0.24 (PE 8.0, EPS 0.0278, DPS 0.02)
First Support Price0.205
Second Support Price0.195
Risk RatingMODERATE

Accounting Ratio
Return on Equity25.13%
Dividend Yield9.30%
Gross Profit Margin33.15%
Operating Profit Margin236.07%
Net Profit Margin236.01%
Tax Rate2.99%
Asset Turnover0.2763
Net Asset Value Per Share0.31
Net Tangible Asset per share0.31
Price/Net Tangible Asset Per Share0.65
Cash Per Share0.15
Liquidity Current Ratio8.8867
Liquidity Quick Ratio7.4804
Liquidity Cash Ratio5.9379
Gearing Debt to Equity Ratio0.0824
Gearing Debt to Asset Ratio0.0744
Working capital per thousand Ringgit sale212.2%
Days to sell the inventory219
Days to collect the receivables144
Days to pay the payables152

Technical Analysis
SMA 100.217 (Same)
SMA 200.217 (Uptrend 41 days)
SMA 500.206 (Same)
SMA 1000.201 (Same)
SMA 2000.194 (Same)
MACD (26d/12d)0.002918 ( 0.000355 )
Signal (9)0.003777 ( 0.000215 )
MACD Histogram0.000859 (Bearish trend 9 days)
Bolinger Upper Band0.237
Bolinger Lower Band0.197

My notes based on 2013 quarter 3 report (number in '000):-
- Higher pbt mainly due to fair value gain on re-measurement of an associate (under liquidation) to other investments and capital gain on disposal of other investment

- Estimate next 4Q eps after 2013 Q3 result announced = 0.0278, estimate PE on current price 0.215 = 7.01(DPS 0.02)
- Estimate next 4Q eps after 2013 Q2 result announced = 210565*0.1/758310 = 0.0278, estimate highest/lowest PE = 7.19/6.65 (DPS 0.005)
- Estimate next 4Q eps after 2013 Q1 result announced = 203574*0.08/758310 = 0.0215, estimate highest/lowest PE = 9.07/8.14 (DPS 0.005)
- Estimate next 4Q eps after 2012 Q4 result announced = 198954*0.075/758310 = 0.0197, estimate highest/lowest PE = 10.15/9.14 (DPS 0.005)
- Estimate next 4Q eps after 2012 Q3 result announced = 0.0047*4 = 0.0188, estimate highest/lowest PE = 10.37/8.51 (DPS 0.015)
- Estimate next 4Q eps after 2012 Q2 result announced = 0.025(recent 4th qrt cum_eps), estimate highest/lowest PE = 7.8/5.6 (DPS 0.015)
- Estimate next 4Q eps after 2012 Q1 result announced = 0.0227, estimate highest/lowest PE = 8.15/6.89 (DPS 0.015)
- Estimate next 4Q eps after 2011 Q4 result announced = (0.0212+0.018)/2 = 0.0196, estimate highest/lowest PE = 9.44/8.16 (DPS 0.015)
- Estimate next 4Q eps after 2011 Q3 result announced = 0.017(recent 4 quarters eps), estimate highest/lowest PE = 12.06/9.41 (DPS 0.01)
- Estimate next 4Q eps after 2011 Q2 result announced = 0.0178*0.9 = 0.016, estimate highest/lowest PE = 12.19/9.06 (DPS 0.01)
- Estimate next 4Q eps after 2011 Q1 result announced = 0.0178 (based on last year), estimate highest/lowest PE = 8.99/7.87 (DPS 0.01)
- Estimate next 4Q eps after 2010 Q4 result announced = 0.0155 (13% drop from 0.0178), estimate highest/lowest PE = 10/9.03 (DPS 0.01)
- Estimate next 4Q eps after 2010 Q3 result announced = (0.0218+0.0289+0.019)/3 = 0.0232, estimate highest/lowest PE = 6.9/5.6 (DPS 0.015)
- Estimate next 4Q eps after 2010 Q2 result announced = 0.0031*4 = 0.0124, estimate highest/lowest PE = 12.5/10.48 (DPS 0.015)
- Estimate next 4Q eps after 2010 Q1 result announced = 0.0042*4 = 0.0168, estimate highest/lowest PE = 9.52/7.74 (DPS 0.015)
- Estimate next 4Q eps after 2009 Q4 result announced = 0.0031*4 = 0.0124, estimate highest/lowest PE = 14.11/8.06 (DPS 0.015)

KELADI latest news (English)

KELADI latest news (Chinese)



Financial Quarter Summary   Open in New Window
a_dateyearqrth_pricel_pricedivroec_roerevc_revpbtc_pbtprofc_profepsc_epsassetc_assetliabc_liabminoequicfocficffcashfcfnetfinalsharec_sharem_capdategros_moper_mprof_mvatasset_tpenavpsntapsp/ntapscpsl_curl_quil_cashg_deg_daavg_winv_drec_dpay_d
2012-12-2120133N/AN/A-17.76%23.38%1549757977365755206035329465100.04660.061326275817364619555195405985243203122532967428447694441927390831160277583107583101516622012-10-3133.15%236.07%236.01%2.99%0.2763-0.310.310.650.158.88677.48045.93790.08240.0744212.2%219144152
2012-09-26201320.2050.19-3.38%5.62%27732424809324154856728111820.00890.01472329021481962233722322583121056591252176N/A769441130111301882457583107583101478702012-07-3134.62%33.64%33.62%25.02%0.2729-0.270.270.720.126.6395.36253.95330.10910.0959198.0%282172209
2012-06-27201310.20.18-2.24%2.24%147481474861626162445444540.00590.0059221767134850181931817855682035746195498N/A7694456975697826417583107583101402872012-04-3042.50%41.81%41.78%25.02%0.202-0.260.260.710.117.41835.51444.54620.09190.082260.4%555132291
2012-03-29201240.2050.1850.00501.75%7.45%14636483164960202963364143390.00440.0189215887129855169331691854021989541994759968531595322594317412769447583107583101478702012-01-3139.62%33.96%33.89%29.82%0.223810.31250.260.260.750.17.67565.59784.54810.08750.0784233.7%482122232
2011-12-16201230.210.175-1.85%5.70%6450336814902153353565109760.00470.0145208655115021131831316852841954722573416478532595322408715555750877583107583101402872011-10-3177.16%76.09%76.00%24.28%0.2075-0.250.250.740.18.73496.38225.66210.06930.0632235.2%52771213
2011-09-29201220.210.155-1.77%3.85%897227231479010433340974100.00450.00982177051256751741417399513720029117832993N/A595321683916839763717583107583101213292011-07-3155.60%53.43%53.39%25.89%0.2576-0.260.260.620.17.22315.49684.38940.08920.08193.1%364121190
2011-06-24201210.20.15-2.08%2.08%182591825956425642400140010.00530.0053222048131106253072529249961967416728303N/A5953264256425659577583107583101402872011-04-3032.39%30.96%30.90%26.14%0.2486-0.250.250.740.095.18373.97662.60780.1320.114191.7%360224281
2011-03-25201140.20.1750.0152.86%8.85%9618536144930203215200160650.00690.021220428811392811714116994830192574149842796568753031121886501595327583107583101440782011-01-3161.90%49.63%51.26%-0.26248.96850.250.250.760.089.73836.98455.08860.06240.0573190.7%383145128
2010-12-17201130.2150.17-3.49%5.98%19222439968779153906331108630.00830.014320321511334615999159874674187216870928285687530775881194532717583107583101327042010-10-3147.27%45.36%45.67%25.03%0.2877-0.240.240.730.077.08994.99693.33210.08760.0787166.5%330164133
2010-09-27201120.2050.155-0.92%2.50%81062477525096611167145320.00220.0060206709119394203882037644231863218563625N/A5307779387938610157583107583101213292010-07-3140.29%30.96%30.95%30.13%0.2795-0.240.240.670.085.85954.09212.99450.11210.0986171.4%360138175
2010-06-17201110.170.15-1.58%1.58%166691666941034103286128610.00380.0038199458112515148901487843411845681057455N/A53031602602536337583107583101175382010-04-3027.63%24.61%24.61%26.98%0.3049-0.240.240.650.077.56255.28833.60790.08260.0747160.5%318148113
2010-03-26201040.1650.150.011.28%7.74%14461589453158192052247136180.00300.01801933951070401182311811420618157218534458531429831857910048530317583107583101251212010-01-3131.39%21.97%21.84%25.21%0.30489.18790.230.230.720.079.06276.20144.49390.06670.0611161.6%33712392
2009-12-17201030.1750.145-3.36%6.49%18548444838340160895909114140.00780.015119518410872515974159624091179210192361238531430281911310582536107583107583101137462009-10-3147.70%44.96%44.96%25.80%0.3211-0.230.230.650.076.81154.45383.35860.09120.0818148.0%34599120
2009-09-25201020.170.145-1.33%3.13%111382593533627750234555060.00310.00732025171161682096320951381218155413826196N/A430281363013630566587583107583101137462009-07-3136.33%30.21%30.18%27.93%0.3052-0.230.230.650.075.54473.59352.70430.11790.1035154.1%354107165
2009-06-26201010.1750.145-1.80%1.80%147961479643884388316131610.00420.004219253110642313400133883734179131694095N/A4302868456845498737583107583101213292009-04-3033.25%29.66%29.66%25.23%0.4035-0.230.230.70.077.94915.28353.72520.07640.0696119.8%2479779
2009-03-27200940.190.1150.0151.35%9.85%18193744484120236242253164750.00300.02171873491014541149911487361417585016289253614028433031375327543028758310758310834142009-01-3128.02%22.91%22.65%42.77%0.39745.06310.230.230.480.068.83215.65453.74580.06680.0614120.8%27410771
2008-12-19200930.1150.1-2.33%8.50%17672562555402195053898142230.00510.018818535410023411857118453509173497527220238417433033249516838135758310758310834142008-10-3131.67%30.59%30.57%26.64%0.3705-0.220.220.50.058.46215.08743.21950.06980.064128.7%34211789
2008-09-24200920.1250.085-3.81%6.17%27027385838793141036369103250.00840.0136190641107322211072109534441695343426427N/A433032999299946302758310758310909972008-07-3134.39%32.55%32.53%24.83%0.3413-0.220.220.550.065.08763.08172.19490.12710.1107132.5%449103199
2008-06-27200910.150.115-2.36%2.36%115561155653105310395639560.00520.0052189274106226179331792132031713413158457N/A433033615361539688758310758310985802008-04-3050.94%46.01%45.95%23.58%0.3008-0.220.220.590.055.92753.19792.21460.10670.0947155.1%808106267
2008-03-28200840.1550.120.0151.78%14.68%12422567444051315782652219060.00350.028918601210344218729187173101167283212312739073308722150412431433037583107583101175382008-01-3141.88%32.86%32.61%33.55%0.30515.36560.220.220.70.065.52663.02052.31360.11410.1007149.3%75879268
2007-12-17200830.2450.130.014.19%12.90%14060443229688275276258192550.00830.02541839769251313958139463060170018238211629073308722398314910457827583107583101630362007-10-3173.34%68.90%68.90%24.93%0.3193-0.220.220.980.066.63373.81793.28280.08360.0759133.7%61240144
2007-09-24200820.2750.21-6.37%8.71%189043026212989178399513129970.01250.017118445992909126411262928151718181400386N/A308721408914089449617583107583103109072007-07-3171.05%68.63%68.71%25.28%0.2423-0.220.221.860.067.35684.46543.56010.07480.0685179.6%67783118
2007-06-2520081N/AN/A-2.33%2.33%113581135848504850348434840.04590.04591754828384422639202222622152843122893N/A30872132113212955175831758311546952007-04-3045.78%42.73%42.70%26.29%0.1469-1.981.981.030.394.14622.33621.46130.15070.129246.7%940233244
2007-03-2920074N/AN/A0.015N/AN/A14427498127324206545400144150.07120.190117036578839210971867625311492685958451826233627550727553087275831758311289122007-01-3144.22%49.13%50.77%24.56%0.08478.9431.941.940.880.414.22142.31521.6530.14380.1238417.0%1615283380

Financial Quarter Balance Sheet   Open in New Window
yearqrtInvestment in associated companies (A-0)Investment properties (A-0)Land held for property development (A-0)Other investments (A-0)Property, plant and equipment (A-0)Cash and cash equivalents (A-1)Completed development properties (A-1)Current tax assets (A-1)Other receivables, deposits and prepayments (A-1)Property development costs (A-1)Deferred tax liabilities (L-0)Current tax liabilities (L-1)Trade and other payables (L-1)Minority interest (M-1)
2013336073958502741108620187116027112741463286771620515435191055985
20132990339795026940020155882451158515142994316909151227210955831
20131991040015008440022522826411170013541624522910153181755568
20124991440224955840022138769441313515961616422016152169165402
201239924404357095400221727455913853105684261712715638125305284
2012299304064558344002180276371139747401852716063151686157135137
2012199334086547004002182365957140557323388816474151414238784996
201149944410754179400217305953214324812213681789215924107754830
2011397874128538864002166853271145292952632018931122509134784674
2011297264150513424002169761015147264632190221288122842175344423
2011197274171509004002174553679147694242457719066122879119994341
201049727419250251400217855307714898313198551889712256092514206
2010397474213502884002181153610156545231695921979122846131164091
2010297474234503184002165056658162655131811624616121876190753812
2010197504256500294002167349873166172162064619071121945114433734
200949751427749756400217114302817424114218111907712198894993614
2009398044298497534002086538135179241402198522050121463103823509
2009298084319496834001910946302134433051840228870122311187843444
20091981143414933040019166396881443910931652934477121739161823203
20084981843624894040019050433031538010181221431527122098166193101
200839849438346820400300114578216013104064232325512468192653060
2008298484405468024003009544961171221288101451939312629363362815
2008198334426467844003019529551180591241164501854324171071795052622
2007498364447465524003029130872150391194111722056224211028883882531

Financial Quarter Income Statement   Open in New Window
yearqrtRevenueIncome tax expenseCost of salesOther incomeAdministrative/Operating expensesMinority interestShare of profit/ (loss) of associatesOther expenses
2013315497109210359323198741548-
201322773223331813076010322636-
2013114748154284807468481664-
201241463614798837753158211710-
201236450119014737618301476-
201228972124039846818751414-
201211825914751234558584616611-
20114961842636645211702156157-
201131922221971013545882625160-
20112810675648403951151821-
2011116669110712064381883135--
201041446179699212951658115190
2010318548215297013408472790-
20102111389397092313994783-
2010114796110798773268561201-
2009418193176213096523145210548-
2009317672143912075422613654-
200922702721831773355210502413-
2009111556125256693048741027-
20084124221359722069518154031-
20083140602415374831894210150-
20082189043283547242188019316-
200811135812756158439786913-
20074144271799804820631354125236-

Financial Quarter Segments Revenue
yearqrtOthersProperty developmentCultivation of Oil Palm
2013337714321799
2013237826395959
20131367133261055
2012436513430840
201233565114980
2012236569121695
20121353160581848
201143698293956
20113355177971069
2011234863451413
20111331149661372
2010432413305832
2010332717302919
2010232393341481
20101344130971355
2009434517072776
20093315163291028
20092265249001862
2009122190872248
20084201105621659
20083206125511303
20082201172771426
2008120397301425
2007424013385802

Financial Quarter Segments Profit
yearqrtOthersProperty developmentCultivation of Oil Palm
20133308825275426
201323788356596
201313675296503
201241235609508
201233563490575
2012236528591124
2012135334781486
20114413630727
201133557215801
201123488041082
2011133124481113
201043242160495
201033277126636
2010232316161224
201013442853994
200943453106332
200933154022783
2009226569371225
2009122133041690
2008420120491360
2008320683731000
20082201115451031
2008120334431065
200742406214501

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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