KLCI Stock - MUDAJYA / 5085 - 2012 Quarter 4

MUDAJAYA GROUP BERHAD


Company Description

Mudajaya Group Berhad (Mudajaya) is an investment holding company. The Company's business segments comprise: Construction, which is engaged in the undertaking civil engineering, constructions works and engineering and equipment procurement provider; Property development, which is engaged in the development of residential and commercial properties; Trading and plant hiring, which includes trading in construction materials and hire of plants, and Manufacturing, which is engaged in manufacturing of construction related products. Some of its subsidiaries include Mudajaya Power International Sdn. Bhd., Angsana Fajar Sdn. Bhd., MJC City Development Sdn. Bhd., MJC Development Sdn. Bhd., MJC Industries Sdn. Bhd., MJC Trading Sdn. Bhd., Great Hill International Ltd., Mudajaya International Ltd., Oracle International Co., Ltd., MJC Plantations Sdn. Bhd., MJC Management Services Sdn. Bhd. and Mudajaya International Investment Ltd. The Group operates in Malaysia and India.

Company Info

Listing Date	2004-05-10
IPO Price	1.28
Market Capital (Capital Size)	1,385,473,990 (Large)
Par Value	RM 0.20
Board	Main
Sector	Construction
Major Industry	Civil Engineering
Sub Industry	Trading & Plant Hiring
Website	http://www.mudajaya.com

My Analysis

Forecast P/E now	(2.52-0.09)/0.388 = 6.26 (High)
Target Price	2.17+0.09 = 2.26 (PE 5.6, EPS 0.388, DPS 0.09)
First Support Price	2.4
Second Support Price	2.2
Risk Rating	MODERATE

Research House

CIMB Target Price	3.75 (2012-11-22)
Alliance Target Price	3.79 (2013-01-10)
OSK Target Price	3.13 (2013-01-10)
HLG Target Price	4.27 (2013-01-22)
Public Target Price	4.6 (2013-01-31)
RHB Target Price	2.68 (2013-01-31)

Accounting Ratio

Return on Equity	23.53%
Dividend Yield	3.57%
Operating Profit Margin	15.13%
Net Profit Margin	16.11%
Tax Rate	-
Asset Turnover	1.0068
Net Asset Value Per Share	2.03
Net Tangible Asset per share	2.03
Price/Net Tangible Asset Per Share	1.24
Cash Per Share	0.62
Liquidity Current Ratio	1.7067
Liquidity Quick Ratio	1.6
Liquidity Cash Ratio	0.6309
Gearing Debt to Equity Ratio	0.4853
Gearing Debt to Asset Ratio	0.3288
Working capital per thousand Ringgit sale	23.0%
Days to sell the inventory	15
Days to collect the receivables	115
Days to pay the payables	143

Technical Analysis

SMA 10	2.541 (Same)
SMA 20	2.593 (Downtrend 16 days)
SMA 50	2.611 (Same)
SMA 100	2.62 (Downtrend)
SMA 200	2.619 (Same)
MACD (26d/12d)	-0.030403 ( 0.000826 )
Signal (9)	-0.02556 ( 0.001211 )
MACD Histogram	0.004843 (Bearish trend 16 days)
Bolinger Upper Band	2.789
Bolinger Lower Band	2.397

My notes based on 2012 quarter 4 report (number in '000):-
- Lower revenue and pbt mainly due to the delivery of major equipment components of the Equipment Procurement contract for the 4 x 360MW coal-fired power plant at Chhattisgarh, India, lower profit margin projects recognised and one-off gain on the disposal of the quarrying business on FY11Q4 offset by higher trading activities generated from the sale of construction materials and higher sales from new properties launches

- Estimate next 4Q eps after 2012 Q4 result announced = 0.4311*0.9 = 0.388, estimate PE on current price 2.52 = 6.26(DPS 0.09)
- Estimate next 4Q eps after 2012 Q3 result announced = 0.115*4 = 0.46, estimate highest/lowest PE = 5.87/5.24 (DPS 0.09)
- Estimate next 4Q eps after 2012 Q2 result announced = 0.245*2*1.05 = 0.5145, estimate highest/lowest PE = 5.21/4.8 (DPS 0.09)
- Estimate next 4Q eps after 2012 Q1 result announced = 1086823*0.3/550447 = 0.5923, estimate highest/lowest PE = 4.66/4.09 (DPS 0.09)
- Estimate next 4Q eps after 2011 Q4 result announced = 1007725*0.23/478191 = 0.4847, estimate highest/lowest PE = 6.61/5 (DPS 0.075)
- Estimate next 4Q eps after 2011 Q3 result announced = 63001*4*0.83/548326 = 0.3815, estimate highest/lowest PE = 7.85/5.44 (DPS 0.075)
- Estimate next 4Q eps after 2011 Q2 result announced = (0.1477+0.1011)*2*0.75 = 0.3732, estimate highest/lowest PE = 7.18/4.53 (DPS 0.11)
- Estimate next 4Q eps after 2011 Q1 result announced = 0.2407*2 = 0.4814, estimate highest/lowest PE = 9.74/6.54 (DPS 0.06)
- Estimate next 4Q eps after 2010 Q4 result announced = 0.5096*1.05 = 0.5351, estimate highest/lowest PE = 9.62/8.16 (DPS 0.045)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.1137*0.9*4 = 0.4093, estimate highest/lowest PE = 13.18/9.05 (DPS 0.045)
- Estimate next 4Q eps after 2010 Q2 result announced = 0.1235*0.9*4 = 0.4446(based on preceding quarter eps to minus 10% adjustment due to revenue dropped 12%), estimate highest/lowest PE = 10.34/8.54 (DPS 0.045)
- Estimate next 4Q eps after 2010 Q1 result announced = 0.1235*4 = 0.494, estimate highest/lowest PE = 12.27/7.51 (DPS 0.04)
- Estimate next 4Q eps after 2009 Q4 result announced = 0.1102*4 = 0.4408, estimate highest/lowest PE = 12.51/10.81 (DPS 0.036)
- Estimate next 4Q eps after 2009 Q3 result announced = 0.0948*4 = 0.3792, estimate highest/lowest PE = 13.76/10.68 (DPS 0.031)
- Estimate next 4Q eps after 2009 Q2 result announced = 0.0711*4 = 0.2844, estimate highest/lowest PE = 14.31/11.25 (DPS 0.031)
- Estimate next 4Q eps after 2009 Q1 result announced = 0.0377*4 = 0.1508, estimate highest/lowest PE = 24.6/9.08 (DPS 0.031)
- Estimate next 4Q eps after 2008 Q4 result announced = 0.0278*4 = 0.1112, estimate highest/lowest PE = 13.98/9.58 (DPS 0.045)

MUDAJYA latest news (English)

MUDAJYA 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	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
2013-02-18	2012	4	N/A	N/A	0.025	4.68%	23.53%	303737	1655722	48944	284116	47209	237104	0.0858	0.4311	1644510	921698	540677	540056	-10202	1103833	504474	278254	40340	154816	226220	185880	340696	549973	549973	1385931	2012-12-31	15.13%	16.11%	-	1.0068	5.8452	2.03	2.03	1.24	0.62	1.7067	1.6	0.6309	0.4853	0.3288	23.0%	15	115	143
2012-11-21	2012	3	2.79	2.5	0.025	5.48%	18.84%	352683	1351985	63348	235172	55255	189895	0.1004	0.3451	1703258	1032096	521506	521252	93296	1181752	526632	221995	39966	154816	304637	264671	419487	550267	550267	1419688	2012-09-30	18.62%	17.96%	3.90%	1.0466	-	1.98	1.98	1.3	0.76	1.98	1.8631	0.8048	0.4791	0.3062	28.7%	15	113	126
2012-08-27	2012	2	2.77	2.56	-	5.99%	13.36%	558811	999302	77810	171824	60398	134640	0.1099	0.2450	1749285	1145196	585942	585686	87676	1163343	328371	142244	4422	154816	186127	181705	336521	549513	549513	1500170	2012-06-30	13.60%	13.92%	8.19%	1.0102	-	1.96	1.96	1.39	0.61	1.9553	1.8473	0.5746	0.5447	0.335	31.7%	16	154	144
2012-05-28	2012	1	2.85	2.51	0.04	7.37%	7.37%	440491	440491	94014	94014	74242	74242	0.1349	0.1349	1529728	1046509	442905	442649	76635	1086823	97043	3395	59	154816	93648	93707	248523	550447	550447	1475197	2012-03-31	21.59%	21.34%	4.99%	1.0227	-	1.84	1.84	1.46	0.45	2.3642	2.2188	0.5614	0.4384	0.2895	38.6%	19	171	127
2012-02-23	2011	4	3.28	2.5	0.025	8.74%	30.36%	430662	1347059	82471	293948	66492	231032	0.1390	0.4831	1410280	904405	402555	402299	61551	1007725	108650	177747	31001	254915	69097	100098	154817	478191	478191	1377190	2011-12-31	18.85%	19.15%	0.12%	0.9552	5.961	1.98	1.98	1.45	0.32	2.2481	2.0825	0.3848	0.4255	0.2854	37.3%	23	185	134
2011-11-22	2011	3	3.07	2.15	-	8.28%	21.62%	337207	916397	80403	211477	63001	164540	0.1386	0.3619	1229523	782868	273130	272874	67948	956393	53359	118236	9638	254915	64877	55239	199676	454618	454618	977428	2011-09-30	23.93%	23.84%	5.84%	0.9326	-	1.95	1.95	1.1	0.44	2.869	2.6242	0.7318	0.3074	0.2221	44.5%	28	164	110
2011-08-23	2011	2	2.79	1.8	0.025	7.92%	13.34%	356112	579190	78234	131074	60294	101539	0.1477	0.2488	1111840	692003	259902	259646	55243	851938	8641	46655	5	254915	55296	55301	199614	408219	408115	1122602	2011-06-30	22.84%	21.97%	8.30%	0.9	-	1.95	1.95	1.41	0.49	2.6652	2.4023	0.7688	0.3262	0.2338	43.2%	34	155	123
2011-05-27	2011	1	4.75	2.41	0.03	5.42%	5.42%	223078	223078	52840	52840	41245	41245	0.1011	0.1011	1042618	643118	238410	238154	43799	804208	2310	3574	N/A	254915	5884	5884	249031	407962	407962	1852147	2011-03-31	23.69%	23.69%	10.85%	0.8183	-	1.86	1.86	2.44	0.61	2.7004	2.3855	1.0457	0.3135	0.2287	47.5%	46	137	137
2011-02-18	2010	4	5.2	4.42	0.03	13.50%	50.93%	230295	870248	74201	278206	57091	215373	0.1396	0.5265	1119707	713560	358719	358463	37935	760988	195735	227507	170613	116074	31772	138841	254915	408961	409052	2093880	2010-12-31	30.98%	32.22%	16.46%	0.7765	9.7243	1.77	1.77	2.89	0.62	1.9906	1.7787	0.7111	0.4961	0.3204	40.8%	47	161	210
2010-11-23	2010	3	5.44	3.75	-	11.01%	35.80%	191153	639138	61677	212385	46545	151362	0.1137	0.3697	1021832	627518	285521	285265	72527	736311	26186	127039	171202	116074	100853	70349	186423	409367	409367	1653842	2010-09-30	31.64%	32.27%	17.26%	0.8327	-	1.62	1.62	2.49	0.46	2.1998	1.9293	0.6535	0.4301	0.2794	40.2%	49	156	162
2010-08-25	2010	2	4.64	3.84	0.015	12.82%	24.78%	208631	447985	73448	150683	54220	104792	0.1324	0.2559	977484	682474	271563	271307	68038	705921	33658	16215	176898	116074	49873	127025	243099	409531	409531	1695458	2010-06-30	35.20%	35.20%	17.76%	0.8797	-	1.56	1.56	2.65	0.59	2.5155	2.2208	0.896	0.4257	0.2778	47.8%	49	153	151
2010-05-12	2010	1	6.1	3.75	0.01	11.97%	11.97%	239354	239354	77258	77258	50596	50596	0.1235	0.1235	910978	617467	253898	253642	61855	657080	17659	15549	176902	116074	2110	179012	295086	409624	409624	2084986	2010-03-31	32.28%	32.28%	16.29%	0.9154	-	1.45	1.45	3.51	0.72	2.4344	2.1195	1.1634	0.4266	0.2787	43.6%	48	106	143
2010-02-10	2009	4	5.55	4.8	0.02	13.50%	38.44%	211763	719971	59022	165673	41054	116897	0.1102	0.3138	710962	434056	288122	287866	47781	422840	215417	168307	811	69775	47110	46299	116074	372385	372521	1824686	2009-12-31	27.96%	27.87%	14.75%	1.0127	15.6151	1.01	1.01	4.85	0.31	1.5078	1.2252	0.4032	0.7682	0.4053	20.3%	54	120	181
2009-11-11	2009	3	5.25	4.08	-	11.61%	24.94%	200104	508208	50152	106651	35320	75844	0.0948	0.2036	628383	418748	247162	246906	41596	381221	178299	97389	812	69775	80910	80098	149873	372385	372514	1526778	2009-09-30	25.06%	25.06%	19.06%	1.0128	-	0.91	0.91	4.51	0.4	1.696	1.3372	0.607	0.7277	0.3933	27.0%	63	103	163
2009-08-26	2009	2	4.1	3.23	0.01	8.71%	13.32%	182729	308104	36834	56499	26479	40523	0.0711	0.1088	531499	384703	190267	190011	36322	341232	99317	26747	808	69775	72570	71762	141537	372386	372386	1284731	2009-06-30	20.16%	20.16%	19.23%	1.0326	-	0.82	0.82	4.21	0.38	2.0246	1.5672	0.7449	0.624	0.358	35.5%	68	104	140
2009-05-13	2009	1	3.74	1.4	0.0060	4.62%	4.62%	125375	125375	19665	19665	14044	14044	0.0377	0.0377	452354	315162	129933	129677	33052	322421	72086	17144	517	69775	54942	54425	124200	372598	372598	584978	2009-03-31	15.68%	15.68%	25.76%	1.0331	-	0.78	0.78	2.01	0.33	2.4304	1.8032	0.9578	0.449	0.2872	39.7%	74	86	113
2009-02-25	2008	4	1.6	1.11	0.015	4.08%	17.77%	128226	422382	13837	65521	10366	45117	0.0278	0.1209	408125	305271	103993	103737	32372	304132	16849	31652	189	84767	14803	14992	69775	373052	373052	440201	2008-12-31	10.64%	10.79%	9.76%	1.0349	9.7569	0.73	0.73	1.62	0.19	2.9427	2.0342	0.6726	0.3827	0.2548	47.7%	96	122	103
2008-11-24	2008	3	1.18	0.945	-	3.19%	13.69%	112470	294156	13296	51684	8087	34751	0.0217	0.0931	383455	280980	91300	91044	30252	292155	30440	28545	N/A	84767	58985	58985	25782	372673	373265	391306	2008-09-30	11.68%	11.82%	17.46%	0.9522	-	0.7	0.7	1.5	0.07	3.0862	2.1345	0.2832	0.3486	0.2381	52.0%	105	168	107
2008-08-26	2008	2	1.34	0.92	0.01	5.35%	10.50%	101238	181686	18852	38388	13589	26664	0.0910	0.1790	371769	277706	91267	91011	27665	280502	14270	12945	N/A	84767	27215	27215	57552	149330	148961	194129	2008-06-30	18.57%	18.62%	11.39%	0.8997	-	1.7	1.7	0.76	0.39	3.0513	2.3377	0.6324	0.361	0.2455	55.8%	87	169	118
2008-05-16	2008	1	3.7	1.15	0.02	5.15%	5.15%	80448	80448	19536	19536	13075	13075	0.0880	0.0880	353333	272028	83331	83075	24549	270002	14216	50	N/A	84767	14166	14166	70601	148580	148580	546774	2008-03-31	24.23%	24.28%	12.11%	0.8432	-	1.65	1.65	2.23	0.48	3.2745	2.5944	0.8498	0.3395	0.2358	63.4%	84	178	121
2008-02-26	2007	4	3.8	3.36	0.04	5.74%	18.36%	70961	273981	13026	42039	9429	30140	0.0657	0.2100	362461	280421	108599	108343	20842	253862	54483	69209	53756	45737	14726	39030	84767	143524	143524	531038	2007-12-31	18.19%	18.36%	6.42%	0.7559	17.6191	1.62	1.62	2.28	0.59	2.5883	2.1094	0.7824	0.4661	0.2996	62.8%	81	192	168
2007-11-13	2007	3	4.04	3.36	-	5.23%	12.61%	81841	203020	9728	28332	8586	20711	0.0608	0.1467	315785	260929	74937	74317	17012	240848	17849	47052	61316	45737	29203	32113	77850	141217	141217	514029	2007-09-30	11.83%	11.89%	8.21%	0.9598	-	1.59	1.59	2.29	0.55	3.511	2.8366	1.0475	0.3348	0.2373	61.6%	69	160	97
2007-08-28	2007	2	3.76	3.6	0.02	4.02%	7.38%	64665	121179	10097	18604	6606	12125	0.0482	0.0884	269875	257881	35082	34462	16669	234793	4449	1835	62010	45737	6284	55726	101463	137161	137161	619967	2007-06-30	15.61%	15.61%	23.34%	0.8198	-	1.59	1.59	2.84	0.74	7.4831	5.9787	2.9442	0.1608	0.13	101.0%	97	173	54
2007-05-16	2007	1	N/A	N/A	0.02	3.36%	3.36%	56514	56514	8507	8507	5519	5519	0.0411	0.0411	209267	196839	38222	37506	15386	171045	5920	1306	33	45737	4614	4647	41090	134282	134282	402846	2007-03-31	15.05%	15.05%	27.53%	0.7483	-	1.16	1.16	2.59	0.31	5.2482	3.627	1.0956	0.2455	0.1826	101.8%	159	221	92
2007-02-26	2006	4	N/A	N/A	0.03	N/A	N/A	100073	285933	8274	31273	4561	16255	0.0340	0.1210	210594	196894	46407	45691	14740	164187	9875	764	9737	64585	9111	18848	45737	134147	134339	190488	2006-12-31	8.25%	8.27%	29.56%	0.4752	11.7356	1.11	1.11	1.28	0.34	4.3093	2.8666	1.001	0.3105	0.2204	151.1%	262	311	172

Financial Quarter Balance Sheet   Open in New Window

year	qrt	Deferred tax assets (A-0)	Investment in associated companies (A-0)	Investment properties (A-0)	Other investments (A-0)	Property, plant and equipment (A-0)	Amount due from associated companies (A-1)	Cash and cash equivalents (A-1)	Inventories (A-1)	Property development costs (A-1)	Trade receivables (A-1)	Deferred tax liabilities (L-0)	Refundable Deposits (L-0)	Amount due to associated companies (L-1)	Current tax liabilities (L-1)	Dividend payable (L-1)	Trade and other payables (L-1)	Minority interest (M-1)
2012	4	-	630128	50093	102	42489	-	340696	6221	51398	523383	256	365	-	3075	-	536981	10202
2012	3	-	585343	-	102	85717	-	419487	7719	53239	551651	254	-	-	15862	-	505390	93296
2012	2	-	523587	-	102	80400	-	336521	7613	55655	745407	256	-	-	18768	-	566918	87676
2012	1	-	404497	-	102	78620	-	248523	9599	54765	733622	256	-	-	16534	-	426115	76635
2011	4	-	430659	-	102	75114	-	154817	12812	53793	682983	256	-	-	15337	-	386962	61551
2011	3	-	383594	-	102	62959	-	199676	13829	52976	516387	256	-	-	13444	-	259430	67948
2011	2	-	369187	-	102	50548	-	199614	14075	54179	424135	256	-	-	12752	-	246894	55243
2011	1	-	351961	-	102	47437	-	249031	9934	65057	319096	256	-	-	14032	-	224122	43799
2010	4	-	362661	-	102	43384	-	254915	12286	63693	382666	256	-	-	20791	-	337672	37935
2010	3	-	353406	-	102	40806	-	186423	12993	64166	363936	256	-	-	28335	-	256930	72527
2010	2	-	256279	-	102	38629	-	243099	13690	66263	359422	256	-	-	23482	-	247825	68038
2010	1	-	256279	-	102	37130	-	295086	14998	64869	242514	256	-	-	15092	-	238550	61855
2009	4	-	240398	-	102	36406	-	116074	14587	66776	236619	256	-	-	12524	-	275342	47781
2009	3	-	177531	-	102	32002	-	149873	15734	72859	180282	256	-	-	17110	-	229796	41596
2009	2	-	116424	-	102	30270	-	141537	13957	72965	156244	256	-	-	10894	-	179117	36322
2009	1	-	107460	-	102	29630	-	124200	14114	67210	109638	256	-	-	5237	-	124440	33052
2008	4	-	90872	-	102	11880	-	69775	15251	78997	141248	256	-	-	3223	-	100514	32372
2008	3	-	90872	-	102	11501	-	25782	12215	74435	168548	256	-	-	3028	-	88016	30252
2008	2	-	82606	-	102	11355	-	57552	13252	51695	155207	256	-	-	2884	-	88127	27665
2008	1	-	69346	-	102	11857	-	70601	14581	41918	144928	256	-	-	1474	-	81601	24549
2007	4	-	69346	-	102	12592	-	84767	16378	35499	143777	256	-	-	1174	-	107169	20842
2007	3	364	41040	-	102	13350	2132	77850	14592	35529	130826	620	-	81	1155	2180	70901	17012
2007	2	364	-	-	134	11496	2471	101463	16376	35468	102103	620	-	72	3613	2183	28594	16669
2007	1	-	-	-	134	12294	3513	41090	16077	44728	91431	716	-	113	2398	-	34995	15386
2006	4	-	-	-	134	13566	-	45737	17153	48764	85240	716	-	137	2324	-	43230	14740

Financial Quarter Income Statement   Open in New Window

year	qrt	Revenue	Income tax expense	Finance/interest costs	Other income	Administrative/Operating expenses	Minority interest	Finance/interest income	Share of profit/ (loss) of associates	Depreciation & amortisation	(Allowance)/Writeback of allowance for doubtful receivables	Foreign exchange (loss)/gain	Currency translation difference	Other expenses
2012	4	303737	2969	-	287	263897	4704	2429	564	1375	-	11439	-	4240
2012	3	352683	2473	-	975	290209	5620	1966	4294	1014	-	5221	-	1980
2012	2	558811	6371	-	2162	481747	11041	1715	84	864	-	374	-	1977
2012	1	440491	4688	1977	821	350152	15084	1001	101	890	-	4821	-	-
2011	4	430662	96	-	5125	354998	15883	1084	226	677	-	1049	-	-
2011	3	337207	4697	-	2043	258548	12705	-	299	-	-	-	-	-
2011	2	356112	6496	-	556	275333	11444	-	3101	-	-	-	-	-
2011	1	223078	5731	-	1144	171382	5864	-	-	-	-	-	-	-
2010	4	230295	12211	-	232	168289	4899	2347	498	742	1758	11618	-	-
2010	3	191153	10643	-	1223	131903	4489	-	-	-	-	-	1204	-
2010	2	208631	13046	-	1138	136321	6182	-	-	-	-	-	-	-
2010	1	239354	12588	-	1444	163563	14074	-	-	-	-	23	-	-
2009	4	211763	8708	-	720	153267	9260	-	194	-	-	-	-	-
2009	3	200104	9557	-	611	150563	5275	-	-	-	-	-	-	-
2009	2	182729	7085	-	587	146482	3270	-	-	-	-	-	-	-
2009	1	125375	5065	-	295	106005	556	-	-	-	-	-	-	-
2008	4	128226	1351	-	653	115237	2120	-	195	-	-	-	-	-
2008	3	112470	2322	-	193	99530	2887	-	163	-	-	-	-	-
2008	2	101238	2147	-	438	82881	3116	-	57	-	-	-	-	-
2008	1	80448	2365	-	491	61447	4096	-	44	-	-	-	-	-
2007	4	70961	836	-	823	58876	2761	-	118	-	-	-	-	-
2007	3	81841	799	-	538	72699	343	-	48	-	-	-	-	-
2007	2	64665	2357	-	282	54850	1134	-	-	-	-	-	-	-
2007	1	56514	2342	-	265	48272	646	-	-	-	-	-	-	-
2006	4	100073	2446	-	471	92283	1267	41	28	-	-	-	-	-

Financial Quarter Segments Revenue

year	qrt	Elimination/Adjustment	Property development	Construction	Manufacturing	Trading and Plant hiring
2012	4	23064	18344	242356	12748	53353
2012	3	39069	10292	332250	13281	35929
2012	2	30186	9661	537732	11983	29621
2012	1	13140	6826	417514	10792	18499
2011	4	19938	16136	415294	7709	11461
2011	3	41520	6945	343992	8352	19438
2011	2	48537	18310	340375	18292	27672
2011	1	15734	3624	200831	17121	17236
2010	4	32738	5506	224885	11656	20986
2010	3	8135	5291	162188	14655	17154
2010	2	25288	5261	200290	12506	15862
2010	1	4070	4552	209652	14463	14757
2009	4	8950	14925	167251	21453	17084
2009	3	8087	5843	175401	9348	17599
2009	2	11044	3842	156229	11082	22620
2009	1	7700	4635	105409	8965	14066
2008	4	8155	11718	99704	11441	13518
2008	3	14689	2263	92949	13861	18086
2008	2	8769	726	80719	13082	16932
2008	1	10455	12101	50635	12672	15495
2007	4	10920	12681	46000	9999	13201
2007	3	10630	15437	64631	7938	4465
2007	2	10501	25915	34603	9296	5352
2007	1	10661	19104	36104	6945	5022
2006	4	15859	31818	59184	5438	19492

Financial Quarter Segments Profit

year	qrt	Property development	Construction	Manufacturing	Trading and Plant hiring
2012	4	4332	33136	1045	1614
2012	3	1791	60261	455	942
2012	2	1052	77073	231	870
2012	1	1333	88632	725	470
2011	4	816	81024	3978	588
2011	3	1459	74072	2593	535
2011	2	1913	76775	1336	755
2011	1	797	50631	1414	448
2010	4	3263	75898	853	689
2010	3	2246	57959	2690	847
2010	2	45	70934	723	608
2010	1	50	73253	1786	702
2009	4	574	57066	2486	654
2009	3	60	47677	719	1085
2009	2	369	32754	1899	1225
2009	1	235	18860	154	121
2008	4	1752	10685	452	100
2008	3	124	12759	26	31
2008	2	65	18214	16	62
2008	1	2046	16617	249	89
2007	4	230	12370	77	243
2007	3	1227	7990	122	197
2007	2	4770	4500	327	218
2007	1	2656	5314	227	45
2006	4	7970	256	138	288

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