Company Description The Group's principal activities are electrical and power engineering contracting, fabrication of electrical equipment and operation of golf, marina club, tour, travel and restaurant. Other activities include manufacturing of textile products, property development, property investment and provision of property management services. It 's also involved in confirming and factoring house, specialising in trade related activities, general trading, investment holding, information technology services, ,manufacturing of ready mixed concrete, advertising agency, trading, running a medical centre and clinic and operating toll. The Group operates in Malaysia, Hong Kong, Republic of China, and Singapore.
Company Info
Market Capital (Capital Size) 354,523,783 (Small) Par Value RM 0.50 Board Main Sector Properties Major Industry Diversified business Sub Industry Property Development Website http://www.amdbgroup.com
My Analysis
Forecast P/E now (0.615-0.0225)/0.1171 = 5.06 (Moderate) Target Price 0.62+0.0225 = 0.64 (PE 5.3, EPS 0.1171, DPS 0.0225) First Support Price 0.6 Second Support Price 0.56 Risk Rating MODERATE
Accounting Ratio
Return on Equity 9.50% Dividend Yield 3.66% Gross Profit Margin 25.14% Operating Profit Margin 15.42% Net Profit Margin 49.56% Tax Rate - Asset Turnover 0.2811 Net Asset Value Per Share 1.22 Net Tangible Asset per share 1.22 Price/Net Tangible Asset Per Share 0.5 Cash Per Share 0.16 Liquidity Current Ratio 4.0233 Liquidity Quick Ratio 1.6858 Liquidity Cash Ratio 0.9758 Gearing Debt to Equity Ratio 0.253 Gearing Debt to Asset Ratio 0.1984 Working capital per thousand Ringgit sale 115.6% Days to sell the inventory 382 Days to collect the receivables 91 Days to pay the payables 109
Technical Analysis
SMA 10 0.618 (Downtrend) SMA 20 0.626 (Uptrend 32 days) SMA 50 0.552 (Uptrend) SMA 100 0.521 (Uptrend) SMA 200 0.486 (Uptrend) MACD (26d/12d) 0.015936 ( 0.001467 ) Signal (9) 0.021974 ( 0.001509 ) MACD Histogram 0.006038 (Bearish trend 10 days)Bolinger Upper Band 0.745 Bolinger Lower Band 0.507
My notes based on 2013 quarter 3 report (number in '000):- AMPROP latest news (English) AMPROP Latest news (Chinese) Financial Quarter Summary Open in New Window
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 gros_m 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 2013-02-06 2013 3 N/A N/A - 2.27% 7.44% 27362 86970 13560 49724 15359 50337 0.0268 0.0878 891713 385468 176945 95810 15358 714768 8157 16959 70510 155157 8802 61708 93449 573198 573117 346784 2012-12-31 25.14% 15.42% 49.56% - 0.2811 - 1.22 1.22 0.5 0.16 4.0233 1.6858 0.9758 0.253 0.1984 115.6% 382 91 109 2012-11-08 2013 2 0.69 0.46 - 2.10% 5.17% 30055 59608 15137 36165 14225 34978 0.0248 0.0610 884728 455472 184006 93402 15781 700722 4276 97783 65219 155816 102059 36840 192656 573071 573071 283670 2012-09-30 28.30% 35.76% 50.36% 4.07% 0.2842 - 1.2 1.2 0.41 0.35 4.8765 2.761 2.1515 0.2686 0.208 144.0% 335 77 100 2012-08-13 2013 1 0.53 0.45 - 3.07% 3.07% 29553 29553 21029 21029 20754 20754 0.0362 0.0362 892568 470756 194375 75001 15536 698193 5479 62188 37782 155442 67667 29885 185327 573081 573081 289405 2012-06-30 27.43% 61.25% 71.16% 1.06% 0.2867 - 1.19 1.19 0.42 0.32 6.2767 3.7052 2.4717 0.2847 0.2178 154.6% 325 127 106 2012-05-24 2012 4 0.545 0.45 0.0225 2.06% 17.58% 163677 256831 8404 101061 12082 103301 0.0211 0.1803 909650 424341 232990 78837 15416 676660 103154 26236 46210 30750 76918 123128 153878 573081 573082 260751 2012-03-31 7.92% 3.27% 5.13% - 0.2823 2.5242 1.15 1.15 0.4 0.27 5.3825 2.9742 1.9664 0.3524 0.2561 134.5% 322 99 107 2012-02-21 2012 3 0.51 0.425 - 3.28% 15.52% 28124 93154 19493 92657 19299 91219 0.0337 0.1592 862731 486330 196299 134491 16223 666432 36243 72471 50704 30788 108714 58010 88798 573081 573083 275078 2011-12-31 23.08% 3.24% 69.31% 0.68% 0.1388 - 1.13 1.13 0.42 0.17 3.6161 2.2458 0.7304 0.3019 0.2275 293.8% 846 205 523 2011-11-23 2012 2 0.495 0.415 - 11.95% 12.24% 34586 65030 70683 73163 70246 71920 0.1226 0.1255 853041 475781 203560 139119 16176 649481 10256 77864 39806 30897 88120 48314 79211 573081 573084 249290 2011-09-30 33.56% 203.28% 204.37% - 0.1074 - 1.11 1.11 0.39 0.14 3.42 2.1058 0.5942 0.3214 0.2386 367.5% 1153 269 818 2011-08-11 2012 1 0.515 0.395 0.0225 0.29% 0.29% 30445 30445 2480 2480 1675 1675 0.0029 0.0029 977652 555446 388228 348642 17388 589424 18143 14881 7469 30616 3262 4207 26409 573087 573087 280812 2011-06-30 34.12% 4.38% 8.15% 24.27% 0.0583 - 1.0 1.0 0.49 0.04 1.5932 1.4052 0.07 0.6787 0.3971 362.7% 686 443 794 2011-05-24 2011 4 0.64 0.43 - N/A N/A 26580 110111 45717 52331 47030 48681 0.0819 0.0847 966286 291025 378659 192589 17194 587627 22058 20541 5137 34274 1517 3620 30654 574188 574861 350254 2011-03-31 44.19% 182.26% 172.00% - 0.0275 7.2033 0.99 0.99 0.62 0.07 1.5111 0.5817 0.2115 0.6638 0.3919 370.3% 4404 819 2471
Financial Quarter Balance Sheet Open in New Window
year qrt Biological assets (A-0) Deferred tax assets (A-0) Investment in associated companies (A-0) Investment in jointly controlled entity (A-0) Investment properties (A-0) Land held for property development (A-0) Long term project claims receivables (A-0) Other investments (A-0) Prepaid lease payments (A-0) Property, plant and equipment (A-0) Receivables (A-0) Receivables, deposits and prepayments (A-0) Cash and cash equivalents (A-1) Completed development properties (A-1) Current asset classified as held for sales (A-1) Current tax assets (A-1) Derivative assets (A-1) Inventories (A-1) Property development costs (A-1) Trade receivables (A-1) Deferred tax liabilities (L-0) Hire purchase liabilities (L-0) Loans & borrowings (L-0) Long term payables (L-0) Provision for retirement benefits (L-0) Current tax liabilities (L-1) Derivative liabilities (L-1) Hire purchase liabilities (L-1) Liabilities directly associated with assets classified as held for sale (L-1) Loans & borrowings (L-1) Trade and other payables (L-1) Minority interest (M-1) 2013 3 - 5215 142969 152722 93222 52374 - 5513 - 48643 5587 - 93494 - - 5700 - 30822 193125 62327 228 1725 76812 2370 - 891 - 713 - 30685 63521 15358 2013 2 - 5610 135817 43060 109715 75704 - 5543 - 49111 4696 - 200954 - - 3667 - 7678 189909 53264 228 1607 86702 2067 - 1009 - 685 - 33681 58027 15781 2013 1 - 5622 129943 27382 130494 70435 - 5677 - 48235 4024 - 185379 - - 3741 - 7591 185269 88776 228 1378 116068 1700 - 666 - 695 - 11391 62249 15536 2012 4 - 5719 125574 27546 198393 70769 - 7986 - 43591 5731 - 155023 - - 9790 - 9460 180407 69661 228 1433 150640 1852 - 1166 - 698 - 14730 62243 15416 2012 3 - 5827 120868 - 109804 71052 - 7702 - 43906 17242 - 98232 - 130133 6332 - 8837 175450 67346 2119 1257 54976 3456 - 500 1182 645 - 18946 113218 16223 2012 2 - 5893 128603 - 103130 71715 - 7438 - 43942 16539 - 82664 - 130133 9581 3080 8837 173990 67496 2119 1027 58238 3057 - 832 - 529 - 8595 129163 16176 2012 1 - 5937 132486 - 37749 188650 - 7415 - 34111 15858 - 24410 - 386491 9772 - 9635 55913 69225 2100 1155 33116 3215 - 829 - 531 201762 70134 75386 17388 2011 4 3846 6063 126967 - 293084 188082 - 7336 - 34766 15117 - 40731 - - 11673 - 13040 165961 59620 2463 1290 179669 2648 - 2976 - 542 - 89170 99901 17194
Financial Quarter Income Statement Open in New Window
year qrt Revenue Income tax expense Cost of sales Finance/interest costs Other income Administrative/Operating expenses Minority interest Share of profit/ (loss) of associates Selling and distribution costs Discontinued operation Share of net profit of jointly controlled entity Other expenses 2013 3 27362 1377 20483 2125 8717 9259 422 7152 278 - 4314 1840 2013 2 30055 616 21549 2147 12520 8167 296 5520 152 - 1015 1958 2013 1 29553 222 21447 2363 21223 9993 53 5809 504 - 518 731 2012 4 163677 4123 150710 1648 5412 11631 445 4707 646 - - 757 2012 3 28124 133 21632 2517 2502 8583 61 22921 322 - - 1000 2012 2 34586 545 22979 5295 73095 8068 982 5671 903 - - 5424 2012 1 30445 602 20056 4376 611 7451 203 5521 784 - - 1430 2011 4 26580 1942 14834 4561 47614 7391 629 1833 649 - - 2875
Financial Quarter Segments Revenue
year qrt Property investment & development Others Infrastructure 2013 3 15578 - 11783 2013 2 15928 - 14128 2013 1 18139 - 11414 2012 4 140559 33 23084 2012 3 14294 12 13819 2012 2 21534 37 13014 2012 1 21958 6 8481 2011 4 12302 33 14245
Financial Quarter Segments Profit
year qrt Property investment & development Others Infrastructure 2013 3 7947 4086 14 2013 2 13295 4534 1549 2013 1 18482 1590 699 2012 4 6529 3622 1828 2012 3 1580 3263 306 2012 2 72125 3381 959 2012 1 4136 3228 169 2011 4 49889 2272 543
Financial Quarter Segments Associate
year qrt Property investment & development Others Infrastructure 2013 3 4314 2668 4484 2013 2 1015 733 4787 2013 1 518 628 5181 2012 4 - 551 4155 2012 3 - 18959 3962 2012 2 - 579 5091 2012 1 - 326 5196 2011 4 - 2851 1018
Short form reference a_date = announcement date, yr = financial year end, qrt = quarterh_price = stock highest price during the quarter, l_price = stock lowest price during the quarterdiv = dividend recommend or declare in the quarter, roe = return on equityc_roe = cumulative of return on equity during the financial yearrev = revenue in the current quarter, c_rev = cumulative of revenue during the financial yearpbt = profit before tax in the current quarter, c_pbt = cumulative of profit before tax during the financial yeareps = earnings per share in the current quarter, c_eps = cumulative of earnings per share during the financial yearasset = total asset, liab = total liability, mino = minority interest, equi = total equitycfo = net cash flow from operating activities, cfi = net cash flow from investing activitiescff = net cash flow from financing activities, cash = cash and cash equivalents as at beginning of financial yearfinal = cash and cash equivalents as at current financial period endedshare = diluted/basic weighted average number of ordinary sharesc_share = cumulative of diluted/basic weighted average number of ordinary shares during the financial yearm_cap = market capital at announcement date of quarterly report, date = current financial period ended dateprof_m = profit margin, vat = income tax rate, pe = price earning per share ratio of recent four quarternavps = net asset value per share, ntaps = net tangible asset per share, cps = cash per sharel_cur = liquidity current ratio, l_qui = liquidity quick ratio, l_cash = liquidity cash ratiog_de = gearing debt to equity ratio, g_da = gearing debt to assets ratioavg_w = working capital per thousand Ringgit saleinv_d = days to sell the inventory, rec_d = days to collect the receivablespay_d = days to pay the payablesCURRENT ● CHANGES IN SHAREHOLDING ● ANNUAL REPORTS HISTORICAL ● CHANGES IN SHAREHOLDING ARCHIVES ● CHANGES IN SHAREHOLDING 
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