KLCI Stock - PERISAI / 0047 - 2012 Quarter 4

PERISAI PETROLEUM TEKNOLOGI BERHAD


Company Description

PERISAI PETROLEUM TEKNOLOGI BERHAD is engaged in investment holding and the provision of management, administrative and financial support services to the subsidiaries. The Company provides technology solutions for pipe laying, de-commissioning of un-economic facilities, marginal field development and subsea technologies. It provides specialist services in areas that include manufacture, supply, commission and installation of corrosion control products; inspection and maintenance of pipes, pipelines, risers and heat exchangers; pipe laying services ranging from 6 inches to 60 inches; installation of top sides; decommissioning of facilities ( at the end of their useful life ); small and marginal field development solutions; enhanced oil recovery, and deep water technologies. In September 2008, the Company acquired SJR Marine (L) Ltd. In December 2008, the Company disposed Merit Composites Sdn. Bhd. In March 2008, it sold Corro-Shield (M) Sdn. Bhd. and Orinippon Trading Sdn. Bhd.

Company Info

Listing Date	2004-07-05
Market Capital (Capital Size)	904,120,948 (Medium)
Par Value	RM 0.10
Board	Main
Sector	Industrial Products
Major Industry	Oil & Gas Services
Sub Industry	Bareboat Charter
Website	http://www.perisai.biz/

My Analysis

Forecast P/E now	0.965/0.079 = 12.22 (Moderate)
Target Price	0.079*13.0 = 1.03 (PE 13.0, EPS 0.079)
First Support Price	0.955
Second Support Price	0.9
Risk Rating	MODERATE

Research House

Alliance Target Price	1.46 (2012-12-04)
HLG Target Price	1.55 (2013-02-06)
CIMB Target Price	1.63 (2013-02-08)
HwangDBS Target Price	1.25 (2013-02-08)
Kenanga Target Price	1.39 (2013-02-08)
Maybank Target Price	1.4 (2013-02-08)
RHB Target Price	1.34 (2013-02-08)
TA Target Price	1.39 (2013-02-08)

Accounting Ratio

Return on Equity	23.80%
Dividend Yield	-
Gross Profit Margin	67.74%
Operating Profit Margin	24.65%
Net Profit Margin	47.98%
Tax Rate	-
Asset Turnover	0.1542
Net Asset Value Per Share	0.57
Net Tangible Asset per share	0.57
Price/Net Tangible Asset Per Share	1.69
Cash Per Share	0.03
Liquidity Current Ratio	1.9294
Liquidity Quick Ratio	1.9294
Liquidity Cash Ratio	0.0832
Gearing Debt to Equity Ratio	1.1703
Gearing Debt to Asset Ratio	0.5
Working capital per thousand Ringgit sale	160.0%
Days to sell the inventory	-
Days to collect the receivables	364
Days to pay the payables	524

Technical Analysis

SMA 10	1.026 (Downtrend)
SMA 20	1.06 (Downtrend 11 days)
SMA 50	1.082 (Downtrend)
SMA 100	1.043 (Uptrend)
SMA 200	0.968 (Same)
MACD (26d/12d)	-0.027531 ( 0.003584 )
Signal (9)	-0.016192 ( 0.002835 )
MACD Histogram	0.011339 (Bearish trend 16 days)
Bolinger Upper Band	1.159
Bolinger Lower Band	0.961

My notes based on 2012 quarter 4 report (number in '000):-
- Higher revenue than FY11Q4 mainly due to the revenue contribution from The Mobile Offshore Production Unit (“MOPU”) under Garuda Energy (L) Inc a wholly-owned subsidiary of Perisai; and the offshore support vessels under the Intan Group which is a 51% owned subsidiary of Perisai

- Lower pbt mainly due to the impact from the impairment of investment in associate amounting RM16.98 million and impairment of cold stacked vessels amounting to RM7.89 million

- Higher pat mainly due to reversal of deferred tax liability following the disposal of vessels to a Labuan based entity within the Group

- Estimate next 4Q eps after 2012 Q4 result announced = 17000*4/858302 = 0.079(>30% revenue drop), estimate PE on current price 0.965 = 12.22
- Estimate next 4Q eps after 2012 Q3 result announced = 0.0249*4 = 0.0996(higher income tax), estimate highest/lowest PE = 11.65/9.59
- Estimate next 4Q eps after 2012 Q2 result announced = 0.0276*4 = 0.1049, estimate highest/lowest PE = 11.15/8.39
- Estimate next 4Q eps after 2012 Q1 result announced = 0.0277*4*0.9 = 0.0997, estimate highest/lowest PE = 9.63/8.38
- Estimate next 4Q eps after 2011 Q4 result announced = 372924*0.14/753483 = 0.0693, estimate highest/lowest PE = 13.92/11.54
- Estimate next 4Q eps after 2011 Q3 result announced = 0.0115*4*1.05 = 0.0483, estimate highest/lowest PE = 21.53/12.84
- Estimate next 4Q eps after 2011 Q2 result announced = 0.0432*0.98 = 0.0423, estimate highest/lowest PE = 17.02/10.76
- Estimate next 4Q eps after 2011 Q1 result announced = 0.0108*4 = 0.0432, estimate highest/lowest PE = 19.44/13.66
- Estimate next 4Q eps after 2010 Q3 result announced = 0.008*4*0.9 = 0.0288 (10% drop), estimate highest/lowest PE = 23.61/17.19
- Estimate next 4Q eps after 2010 Q2 result announced = 0.0087*4*0.9 = 0.0313 (10% drop), estimate highest/lowest PE = 19.49/15.5
- Estimate next 4Q eps after 2010 Q1 result announced = 0.0093*4*0.9 = 0.0335 (10% drop), estimate highest/lowest PE = 17.76/14.63
- Estimate next 4Q eps after 2009 Q4 result announced = 0.0589*0.85 = 0.0501, estimate highest/lowest PE = 13.77/8.38
- Estimate next 4Q eps after 2009 Q3 result announced = 0.0125*4 = 0.05, estimate highest/lowest PE = 12/9.4

PERISAI latest news (English)

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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
2013-02-07	2012	4	N/A	N/A	-	6.21%	23.80%	31830	143540	15271	93234	24057	92175	0.0280	0.1081	1129248	578593	564595	299879	82230	564653	58791	145509	79907	37245	86718	6811	30434	858302	852530	828261	2012-12-31	67.74%	24.65%	47.98%	-	0.1542	8.9253	0.57	0.57	1.69	0.03	1.9294	1.9294	0.0832	1.1703	0.5	160.0%	-	364	524
2012-11-21	2012	3	1.16	0.955	-	5.53%	17.59%	47907	142339	25523	77982	21420	68118	0.0249	0.0801	1057032	146636	555692	272190	54650	501340	107849	144524	19066	37245	36675	17609	19636	858527	850561	995891	2012-09-30	70.31%	60.16%	53.28%	10.65%	0.1613	-	0.53	0.2	5.8	0.04	0.5387	0.5387	0.1217	1.244	0.5257	-73.6%	-	243	859
2012-08-15	2012	2	1.17	0.88	-	6.04%	12.06%	47915	94432	26270	52459	23384	46698	0.0275	0.0552	1081081	136342	591688	283442	56086	489393	51565	144511	57306	37245	92946	35640	1605	851375	846535	804549	2012-06-30	71.84%	62.66%	54.83%	1.60%	0.1323	-	0.51	0.19	4.97	0.02	0.481	0.481	0.0561	1.3655	0.5473	-102.8%	-	307	1106
2012-05-23	2012	1	0.96	0.835	-	6.02%	6.02%	46517	46517	26189	26189	23314	23314	0.0277	0.0277	1045658	110391	592702	448591	51474	452956	108964	144510	66164	37245	35546	30618	67863	841694	841694	744899	2012-03-31	72.08%	62.40%	56.30%	1.60%	0.1071	-	0.48	0.15	5.9	0.09	0.2461	0.2461	0.1636	1.4763	0.5668	-301.9%	-	121	1584
2012-02-22	2011	4	0.965	0.8	-	7.88%	12.19%	28147	37771	23367	35249	18431	28497	0.0245	0.0397	792032	133354	404738	240744	58089	387294	51810	46675	6284	25826	5135	11419	37245	753483	717098	689436	2011-12-31	90.93%	101.51%	83.02%	9.03%	0.1044	23.025	0.46	0.29	3.16	0.05	0.5539	0.5539	0.1698	1.2294	0.511	-129.9%	-	408	2478
2011-11-23	2011	3	1.04	0.62	-	2.14%	4.31%	20453	54508	3509	11902	4997	10066	0.0070	0.0146	736704	81002	375943	203176	49528	360761	20259	617	28112	25826	20876	7236	18590	712763	688783	445476	2011-09-30	71.54%	11.73%	17.16%	-	0.1014	-	0.45	0.28	2.23	0.03	0.3987	0.3987	0.1034	1.2079	0.5103	-163.5%	-	293	2193
2011-08-23	2011	2	0.72	0.455	-	3.36%	6.44%	16907	34055	8171	15411	7843	15063	0.0115	0.0223	422227	70470	163101	46621	-	259126	20822	57	28185	25826	20765	7420	18406	682800	676594	481374	2011-06-30	75.53%	55.05%	48.33%	4.01%	0.1704	-	0.38	0.27	2.61	0.03	1.5116	1.5116	0.4674	0.6294	0.3863	33.1%	-	108	138
2011-05-26	2011	1	0.84	0.59	-	3.09%	3.09%	17148	17148	7240	7240	7220	7220	0.0108	0.0108	426585	68959	174444	48239	-	252141	6228	45	17110	25826	6183	10927	14899	670320	670320	499388	2011-03-31	74.19%	51.45%	42.22%	0.28%	0.172	-	0.38	0.27	2.76	0.03	1.4295	1.4295	0.4099	0.6919	0.4089	28.2%	-	108	116
2011-02-25	2010	4	0.93	0.51	-	2.88%	4.26%	20216	75213	6399	9862	6929	10252	0.0105	0.0155	433693	66789	199941	61913	-	233752	82509	6651	57383	7351	75858	18475	25826	662000	662000	370720	2010-12-31	69.81%	39.01%	31.65%	-	0.1734	36.1608	0.35	0.24	2.33	0.04	1.0788	1.0788	0.4235	0.8554	0.461	6.5%	-	60	115
2010-11-25	2010	3	0.68	0.495	-	3.59%	1.38%	17696	54997	8530	3463	8630	3323	0.0130	0.0050	439151	76163	212293	120141	-	226858	71174	8053	71163	7351	63121	8042	691	662000	662000	347550	2010-09-30	72.56%	35.86%	48.20%	-	0.1559	-	0.34	0.23	2.28	0.03	0.6339	0.6339	0.1412	0.9358	0.4834	-64.2%	-	160	188
2010-08-27	2010	2	0.61	0.485	-	2.40%	4.97%	18299	37301	5766	11993	5766	11953	0.0087	0.0181	469425	76533	224315	87387	-	245110	50386	7562	56277	7351	42824	13453	6102	662000	662000	337620	2010-06-30	60.20%	46.71%	31.51%	-	0.1524	-	0.37	0.26	1.96	0.02	0.8758	0.8747	0.1459	0.9152	0.4779	-15.2%	1	167	159
2010-05-27	2010	1	0.595	0.49	-	2.57%	2.57%	19002	19002	6227	6227	6187	6187	0.0093	0.0093	492141	96393	253341	90365	-	238800	20295	1	22185	7351	20294	1891	5460	662000	662000	344240	2010-03-31	60.78%	47.17%	32.77%	0.64%	0.176	-	0.36	0.25	2.08	0.03	1.0667	1.0656	0.2315	1.0609	0.5148	7.0%	1	142	158
2010-02-25	2009	4	0.69	0.42	-	3.62%	15.27%	13468	101181	7494	32495	7947	33478	0.0111	0.0589	527417	113797	286744	93041	-	240673	90909	28366	57101	1909	62543	5442	7351	714227	568165	339257	2009-12-31	22.46%	31.80%	55.64%	-	0.1921	8.0614	0.42	0.29	1.64	0.02	1.2231	1.222	0.1911	1.1914	0.5437	20.5%	1	189	328
2009-11-25	2009	3	0.6	0.47	-	3.77%	18.89%	20749	87713	8069	39989	8272	41425	0.0125	0.0887	524152	45034	270782	107013	-	253370	81120	20954	67979	1909	60166	7813	5904	662400	466942	377568	2009-09-30	60.05%	48.30%	38.89%	-	0.2227	-	0.54	0.38	1.5	0.01	0.4208	0.4199	0.0426	1.0687	0.5166	-53.1%	1	123	305
2009-08-27	2009	2	0.64	0.56	-	7.81%	15.12%	33396	66964	17036	31920	17123	33153	0.0389	0.0902	534415	54396	282030	90414	5846	252385	58236	18224	45712	1909	40012	5700	3791	439982	367593	266189	2009-06-30	70.03%	59.70%	51.01%	0.11%	0.2089	-	0.67	0.46	1.32	0.01	0.6016	0.6005	0.0252	1.144	0.5277	-32.3%	1	107	223
2009-05-26	2009	1	0.73	0.545	-	7.31%	7.31%	33679	33679	14884	14884	16030	16030	0.0544	0.0544	553906	66831	314153	59297	5951	239753	14228	6148	9066	1909	8080	986	923	294400	294400	166336	2009-03-31	69.59%	62.24%	44.19%	1.14%	0.1618	-	0.79	0.53	1.07	0.02	1.1271	1.1194	0.1238	1.3437	0.5672	8.4%	4	168	215
2009-02-26	2008	4	1.2	0.48	-	10.11%	20.86%	28908	72205	6570	12923	7398	15262	0.0251	0.0655	538918	71561	319642	108540	7266	219276	19396	39342	14544	7311	19946	5402	1909	294400	232855	161920	2008-12-31	68.35%	53.31%	22.73%	-	0.1341	8.3914	0.91	0.58	0.95	0.01	0.6593	0.6563	0.0338	1.5077	0.5931	-51.2%	3	237	251
2008-11-28	2008	3	0.7	0.5	-	5.64%	10.75%	15660	43297	3537	6353	4125	7864	0.0187	0.0371	520601	91935	307838	82220	8029	212763	14516	25806	15765	7311	11290	4475	11786	220209	212100	149742	2008-09-30	30.46%	14.39%	22.59%	-	0.1008	-	0.97	0.55	1.24	0.06	1.1182	1.1036	0.1564	1.5036	0.5913	18.5%	11	388	415
2008-08-28	2008	2	1.02	0.61	-	2.35%	5.11%	11385	27637	1290	2816	1717	3739	0.0083	0.0180	146560	76962	69390	53412	7238	77170	4401	14452	2952	7311	10051	7099	212	208000	208000	210080	2008-06-30	31.20%	3.03%	11.33%	-	0.3598	-	0.34	0.31	3.26	0.04	1.4409	1.4132	0.1622	0.9922	0.4735	44.7%	15	315	375
2008-05-30	2008	1	1.36	0.99	-	2.76%	2.76%	16309	16309	1526	1526	2022	2022	0.0097	0.0097	118294	63052	43613	43504	6780	74681	6650	139	11313	7310	6511	4802	2508	208000	208000	278720	2008-03-31	29.61%	14.16%	9.36%	-	0.4149	-	0.33	0.3	4.47	0.05	1.4493	1.4083	0.2532	0.6423	0.3687	39.8%	21	191	308
2008-02-27	2007	4	1.37	0.99	-	0.99%	15.55%	9130	37698	1104	18525	749	11758	0.0036	0.0565	103766	40559	30596	25370	6842	73170	18521	23412	37945	3323	41933	3988	7311	208000	208000	251680	2007-12-31	0.70%	3.53%	12.09%	-	0.7384	21.405	0.32	0.29	4.17	0.05	1.5987	1.4863	0.4314	0.4613	0.2949	19.8%	21	127	80
2007-11-28	2007	3	1.67	1.17	-	5.53%	16.54%	15911	29923	5858	17410	4183	12507	0.0201	0.0601	190803	113589	98254	96677	25497	92549	10068	17629	3099	3323	7561	4462	1139	208000	208000	253760	2007-09-30	47.78%	27.11%	36.82%	6.88%	0.5477	-	0.32	0.21	5.81	0.02	1.1749	1.1412	0.0387	1.4653	0.5149	16.2%	16	112	49
2007-08-29	2007	2	1.33	1.11	-	5.71%	11.01%	7725	14012	5639	11552	4318	8324	0.0208	0.0400	195242	118918	108148	106725	24225	87094	10761	14765	6945	3323	4004	2941	6264	208000	208000	260000	2007-06-30	77.72%	41.55%	73.00%	-	0.4538	-	0.3	0.19	6.58	0.02	1.1142	1.0839	0.0401	1.7202	0.5539	13.8%	18	99	40
2007-05-29	2007	1	N/A	N/A	-	5.30%	5.30%	43856	43856	8338	8338	4006	4006	0.0193	0.0193	187267	84049	105923	100380	22793	81344	5005	1248	2195	4915	6253	8448	3533	208000	208000	192400	2007-03-31	28.61%	20.27%	19.01%	31.37%	0.4319	-	0.28	0.17	5.44	0.03	0.8373	0.7976	0.0668	1.8091	0.5656	-20.2%	23	321	205
2007-02-27	2006	4	N/A	N/A	-	N/A	N/A	37018	116905	1453	5459	401	5004	0.0019	0.0241	172132	65705	96510	86110	21077	75622	18749	28315	9813	3076	9566	247	3323	208000	208000	218400	2006-12-31	11.16%	1.13%	3.93%	-	0.2151	43.6451	0.26	0.15	7.0	0.05	0.763	0.7261	0.1182	1.7694	0.5607	-55.1%	35	516	364

Financial Quarter Balance Sheet   Open in New Window

year	qrt	Deferred tax assets (A-0)	Development Expenditure (A-0)	Dry docking expenses (A-0)	Goodwill on consolidation (A-0)	Intangible assets (A-0)	Investment in associated companies (A-0)	Other investments (A-0)	Property, plant and equipment (A-0)	Cash and cash equivalents (A-1)	Current asset classified as held for sales (A-1)	Inventories (A-1)	Other receivables (A-1)	Trade receivables (A-1)	Deferred tax liabilities (L-0)	Loans & borrowings (L-0)	Current tax liabilities (L-1)	Liabilities directly associated with assets classified as held for sale (L-1)	Loans & borrowings (L-1)	Other payables (L-1)	Trade and other payables (L-1)	Minority interest (M-1)
2012	4	-	-	-	-	-	315	-	550340	24940	379996	-	132539	41118	-	264716	20	148840	77899	72330	790	82230
2012	3	-	-	-	274440	-	17339	-	618617	33125	-	-	69773	43738	25211	258291	40	-	170401	96084	5665	54650
2012	2	-	-	-	274440	-	17336	-	652963	15913	-	-	72881	47548	21587	286659	40	-	177791	100007	5604	56086
2012	1	-	-	-	274440	-	17364	-	643463	73403	-	-	7954	29034	21167	122944	39	-	337866	105447	5239	51474
2011	4	-	-	-	121666	-	17361	-	519651	40880	-	-	65886	26588	25187	138807	20	-	125735	111860	3129	58089
2011	3	4397	-	-	121666	-	17367	-	512272	21016	-	-	18263	41723	23075	149692	88	-	79998	118977	4113	49528
2011	2	5097	-	-	74386	-	17331	-	254943	21792	27379	-	17017	4282	-	116480	87	-	39179	2820	4535	-
2011	1	5665	-	-	74386	-	17340	-	260235	19775	27549	-	17322	4313	-	126205	122	-	40890	2189	5038	-
2010	4	5665	-	-	74386	-	17365	-	269488	26220	28134	-	5518	6917	-	138028	103	-	53748	1203	6859	-
2010	3	5650	-	3475	74787	-	5966	-	273110	16969	29251	-	23716	6227	-	92152	709	76	103895	9576	5885	-
2010	2	5650	8440	4080	76127	-	5456	-	293139	12747	30959	99	23383	9345	-	136928	311	83	72414	5334	9245	-
2010	1	5650	8440	4475	76127	383	5325	-	295348	20920	41660	99	29083	4631	-	162976	401	81	74174	8397	7312	-
2009	4	5650	8440	5091	76127	383	5005	-	312924	17782	43498	99	24437	27981	-	193703	366	80	57577	22091	12927	-
2009	3	6522	13885	5657	76126	383	4528	-	372017	4564	1163	99	10588	28620	-	163769	165	77	75243	23858	7670	-
2009	2	6222	13075	3161	77066	383	-	-	380112	2281	19184	99	3576	29256	-	191616	166	3885	61701	18321	6341	5846
2009	1	6226	12968	2047	77066	383	-	-	388385	7343	17798	453	4011	37226	-	254856	260	4007	32599	16468	5963	5951
2008	4	6226	12866	1434	77066	383	-	-	369382	3669	20691	326	9093	37782	-	211102	63	3571	77839	21291	5776	7266
2008	3	5256	11714	-	88203	383	-	-	323110	12856	22068	1201	16903	38907	1	225617	-	3313	34291	35332	9284	8029
2008	2	3968	9558	-	5031	383	-	-	50658	8661	21327	1479	11730	33765	-	15978	54	4411	11211	33763	3973	7238
2008	1	3754	8885	-	5031	383	-	-	37189	11017	24615	1786	11374	14260	1	108	-	4522	13141	20569	5272	6780
2007	4	2747	8981	-	5031	587	-	3000	42861	10944	-	2852	5774	20989	181	5045	20	-	14256	6323	4771	6842
2007	3	1178	8410	-	22467	587	-	3000	41572	3743	74655	3261	3975	27955	338	1239	391	30331	55943	3498	6514	25497
2007	2	935	8380	-	22467	587	-	3000	40955	4275	87484	3241	3447	20471	162	1261	742	41565	57104	2430	4884	24225
2007	1	1760	8373	-	22467	587	-	3000	67031	6710	2125	3987	10409	60818	4207	1336	3980	-	60398	5592	30410	22793
2006	4	2351	8179	-	22467	587	-	3000	69843	10176	-	3177	6843	45509	3772	6628	1957	-	51385	8404	24364	21077

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	Gain/loss on disposal of subsidiaries	Discontinued operation	After tax effect
2012	4	31830	29133	10268	2698	19066	32781	20347	45	-	10167	-
2012	3	47907	2719	14222	3302	60	4922	1384	2	-	-	-
2012	2	47915	421	13492	3728	210	4608	2465	27	-	-	-
2012	1	46517	420	12988	2840	82	4584	2455	2	-	-	-
2011	4	28147	2110	2553	370	6906	3929	2826	3	-	4831	-
2011	3	20453	700	5820	1146	4551	21583	788	36	-	-	-
2011	2	16907	328	4137	1128	242	3704	-	9	-	-	-
2011	1	17148	20	4426	1558	222	4121	-	25	-	-	-
2010	4	20216	530	6103	2053	832	7058	-	564	-	1	-
2010	3	17696	100	4855	2696	907	20093	-	511	-	0	-
2010	2	18299	0	7283	2894	528	2996	-	131	-	19	-
2010	1	19002	40	7453	3055	1054	3640	-	320	-	1	-
2009	4	13468	872	10443	3067	1207	8515	419	409	0	1051	498
2009	3	20749	301	8289	2477	81	2519	98	332	-	192	-
2009	2	33396	18	10010	2602	65	3515	105	-	-	298	-
2009	1	33679	169	10242	2749	740	3214	1315	-	-	3330	-
2008	4	28908	137	9149	4692	3774	8123	691	-	1914	2234	-
2008	3	15660	1379	10890	659	540	3056	791	-	-	1942	-
2008	2	11385	885	7833	169	98	3109	458	-	-	1114	-
2008	1	16309	434	11480	630	293	2813	62	-	-	153	-
2007	4	9130	1520	9066	1321	580	966	3373	-	5189	7936	-
2007	3	15911	403	8308	1190	92	3381	1272	-	-	2734	-
2007	2	7725	111	1721	864	8	2802	1432	-	-	3293	-
2007	1	43856	2616	31309	906	41	3700	1716	-	-	356	-
2006	4	37018	253	32888	1033	338	4888	799	-	-	-	-

Financial Quarter Segments Revenue

year	qrt	Others	Investment holding	Marine Vessels	Corrosion control	Offshore
2012	4	-	394	11813	-	19623
2012	3	-	-	27884	-	20023
2012	2	-	-	27968	-	19947
2012	1	-	-	27152	-	19365
2011	4	-	16183	11964	-	-
2011	3	-	-	20453	-	-
2011	2	-	-	16907	-	-
2011	1	-	-	17148	-	-
2010	4	-	-	20216	-	-
2010	3	-	-	17696	-	-
2010	2	-	-	18299	-	-
2010	1	-	-	19002	-	-
2009	4	653	-	12815	-	-
2009	3	395	-	20354	-	-
2009	2	53	-	33057	286	-

Financial Quarter Segments Profit

year	qrt	Others	Investment holding	Marine Vessels	Corrosion control	Unallocated	Offshore
2012	4	-	9986	2620	-	17	17727
2012	3	-	4406	16318	-	38	13649
2012	2	-	2731	15807	-	4	13198
2012	1	-	3904	16046	-	18	14065
2011	4	-	21671	6551	-	24	-
2011	3	8	525	4025	-	1	-
2011	2	11	1533	9720	1	4	-
2011	1	5	3175	10447	2	29	-
2010	4	15	2613	7786	435	27	-
2010	3	7	9469	7987	498	8446	-
2010	2	109	1750	7763	108	11	-
2010	1	84	374	6404	288	6	-
2009	4	39	179	5773	2574	19	-
2009	3	107	1288	9286	94	1	-
2009	2	65	996	18793	462	1	-

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

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