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Showing posts with label JCY. Show all posts
Showing posts with label JCY. Show all posts

Sunday, March 10, 2013

KLCI Stock - JCY / 5161 - 2013 Quarter 1

JCY INTERNATIONAL BERHAD


Company Description
JCY INTERNATIONAL BERHAD is a Malaysia-based company. It is a global manufacturer of hard disk drive (HDD) mechanical components. JCY manufactures base plates, top cover assembly, actuator pivot flex assembly (APFA) and antidiscs, which are the mechanical components of HDDs. The Company’s manufacturing facilities are located in the states of Johor, Penang and Malacca, in Malaysia, and in Saraburi, Thailand. The Company’s subsidiaries include JCY HDD Technology Sdn Bhd (JCY HDD Malaysia), JCY HDD Technology Pte Ltd (JCY HDD Singapore) and Minarex Holdings Limited (Minarex Holdings (Mauritius)).

Company Info
Listing Date 2010-02-25
IPO Price 1.6
Market Capital (Capital Size) 1,073,551,500 (Large)
Par Value RM 0.25
Board Main
Sector Technology
Major Industry HDD Components
Website http://www.jcyinternational.com/

My Analysis
Forecast P/E now N/A
Target Price N/A
First Support Price 0.48
Second Support Price 0.44
Risk Rating HIGH

Research House
HLG Target Price 0.45 (2013-02-22)
OSK Target Price 0.35 (2013-02-22)
CIMB Target Price 0.45 (2013-03-01)
Kenanga Target Price 0.58 (2013-03-06)

Accounting Ratio
Return on Equity 29.20%
Dividend Yield -
Gross Profit Margin -6.32%
Operating Profit Margin -6.60%
Net Profit Margin -6.66%
Tax Rate -
Asset Turnover 1.3805
Net Asset Value Per Share 0.53
Net Tangible Asset per share 0.53
Price/Net Tangible Asset Per Share 1.11
Cash Per Share 0.08
Liquidity Current Ratio 1.9639
Liquidity Quick Ratio 1.2243
Liquidity Cash Ratio 0.3997
Gearing Debt to Equity Ratio 0.378
Gearing Debt to Asset Ratio 0.2743
Working capital per thousand Ringgit sale 17.9%
Days to sell the inventory 58
Days to collect the receivables 53
Days to pay the payables 51

Technical Analysis
SMA 10 0.512 (Downtrend)
SMA 20 0.565 (Downtrend 30 days)
SMA 50 0.612 (Downtrend)
SMA 100 0.653 (Downtrend)
SMA 200 0.963 (Downtrend)
MACD (26d/12d) -0.029982 ( 0.001299 )
Signal (9) -0.029914 ( 1.7e-005 )
MACD Histogram 0.000068 (Bearish trend 14 days)
Bolinger Upper Band 0.692
Bolinger Lower Band 0.438

My notes based on 2013 quarter 1 report (number in '000):-
- Lower revenue and loss due mainly to the reduction in volume shipped, moderation of Average Selling Prices, depreciating USD, higher operating cost for the reporting quarter as a result of lower output caused by reduction in global demand for the HDD and resumption by other suppliers of the mechanical components of the HDD after the Thailand floods. In addition, Group customers have also tightened up their quality requirement and this has resulted in lower yields for our output, our cost of sales has increased

- The foreign exchange gain due mainly to the revaluation of liabilities related to purchase of machineries which are denominated in Japanese Yen

- No earning estimate next 4Q eps after 2013 Q1 result announced, trade base on Technical Analysis only
- Estimate next 4Q eps after 2012 Q4 result announced = 1128577*0.05/2031567 = 0.0278, estimate highest/lowest PE = 28.06/20.86 (DPS 0.01)
- Estimate next 4Q eps after 2012 Q3 result announced = 1277647*0.14/2044760 = 0.0875, estimate highest/lowest PE = 16.8/7.2 (DPS 0.03)
- Estimate next 4Q eps after 2012 Q2 result announced = 1199900*0.28/2044760 = 0.1643, estimate highest/lowest PE = 9.13/7.3 (DPS 0.1)
- Estimate next 4Q eps after 2012 Q1 result announced = 1047414*0.25/2044760 = 0.1281, estimate highest/lowest PE = 12.72/8.2 (DPS 0.02)
- Estimate next 4Q eps after 2011 Q4 result announced = 0.0103*1.2*4 = 0.0494, estimate highest/lowest PE = 30.21/14.22 (DPS 0.0075)
- Estimate next 4Q eps after 2011 Q3 result announced = 0.0061*1.1*4 = 0.0268, estimate highest/lowest PE = 29.38/14.09 (DPS 0.0075)

JCY latest news (English)

JCY 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
2013-02-21 2013 1 N/A N/A - 2.28% 2.28% 376824 376824 25093 25093 25729 25729 0.0127 0.0127 1494329 751311 409904 382554 - 1084425 100513 9804 70658 132867 90709 20051 152918 2028913 2028913 1197058 2012-12-31 6.32% 6.60% 6.66% - 1.3805 - 0.53 0.53 1.11 0.08 1.9639 1.2243 0.3997 0.378 0.2743 17.9% 58 53 51
2012-11-21 2012 4 0.79 0.59 0.01 1.18% 49.84% 536412 2245168 11501 442683 10477 441223 0.0052 0.2172 1636905 879768 508328 481009 - 1128577 378502 132892 212944 97112 245610 32666 129778 2031567 2031567 1716674 2012-09-30 5.05% 2.21% 2.14% 8.90% 1.3716 3.8907 0.56 0.56 1.51 0.06 1.829 1.1541 0.2698 0.4504 0.3105 17.8% 67 67 60
2012-08-16 2012 3 1.5 0.66 0.03 11.88% 48.65% 573138 1708756 105140 431182 105202 430746 0.0514 0.2107 1701716 957806 424069 402622 - 1277647 342454 89685 157645 96794 252769 95124 191918 2044760 2044760 3005797 2012-06-30 19.38% 18.50% 18.34% - 1.2627 - 0.62 0.62 2.37 0.09 2.3789 1.5709 0.4767 0.3319 0.2492 25.8% 71 72 64
2012-05-17 2012 2 1.6 1.3 0.03 18.42% 36.77% 576584 1135618 163458 326042 163092 325544 0.0798 0.1592 1657613 948753 457713 436266 - 1199900 231784 28705 109083 83640 203079 93996 177636 2044760 2044760 3210273 2012-03-31 29.06% 28.48% 28.35% 0.22% 1.1889 - 0.59 0.59 2.66 0.09 2.1747 1.4632 0.4072 0.3815 0.2761 26.0% 70 83 72
2012-02-08 2012 1 1.65 1.07 0.02 18.35% 18.35% 559034 559034 162584 162584 162452 162452 0.0794 0.0794 1532514 810258 485100 463653 - 1047414 51556 14024 60226 90633 37532 22694 67939 2044760 2044760 2883111 2011-12-31 30.65% 29.27% 29.08% 0.08% 1.169 - 0.51 0.51 2.76 0.03 1.7476 1.1498 0.1483 0.4631 0.3165 19.3% 63 93 68
2011-11-29 2011 4 1.5 0.71 - 3.03% 1.67% 439917 1671420 26439 14723 26439 14553 0.0129 0.0071 1389784 659010 504477 483030 - 885307 140829 34509 143113 130261 106320 36793 93468 2044822 2044822 1554064 2011-09-30 6.45% 6.18% 6.01% - 1.2026 106.7866 0.43 0.43 1.77 0.05 1.3643 0.8988 0.1935 0.5698 0.363 10.5% 50 74 58
2011-08-22 2011 3 0.795 0.385 - 3.65% 1.36% 395167 1231503 31792 11716 31856 11886 0.0156 0.0058 1326307 601516 476488 464598 - 849819 106537 32826 125230 130077 73711 51519 78558 2044860 2044860 961084 2011-06-30 6.54% 7.79% 8.05% - 1.2949 - 0.42 0.42 1.12 0.04 1.2947 0.8474 0.1691 0.5607 0.3593 8.0% 45 67 50
2011-05-18 2011 2 0.645 0.415 - 1.43% 2.29% 397432 836336 12521 20076 12458 19970 0.0061 0.0098 1329813 597850 448864 436974 - 880949 90711 15968 133826 131927 74743 59083 72844 2044860 2044860 1329159 2011-03-31 5.56% 3.34% 3.15% 0.50% 1.3559 - 0.43 0.43 1.51 0.04 1.3682 0.8631 0.1667 0.5095 0.3375 8.9% 47 62 46
2011-02-25 2011 1 0.83 0.575 - 0.86% 0.86% 438904 438904 7555 7555 7512 7512 0.0037 0.0037 1409733 650949 527135 515244 - 882598 74896 11437 64230 129780 63459 771 129009 2044860 2044860 1339383 2010-12-31 3.83% 2.16% 1.72% 0.57% 1.387 - 0.43 0.43 1.52 0.06 1.2634 0.8632 0.2504 0.5973 0.3739 6.9% 42 59 48
2010-11-30 2010 4 0.865 0.63 0.0075 2.81% 21.97% 485970 2044648 15674 184292 22557 176387 0.0110 0.0863 1469550 696465 596327 507299 - 873223 184337 189222 99239 232958 4885 104124 128834 2044860 2044860 1830149 2010-09-30 0.24% 2.70% 3.23% - 1.3913 10.3758 0.43 0.43 2.08 0.06 1.3729 0.9524 0.254 0.6829 0.4058 9.3% 43 63 49
2010-08-20 2010 3 1.2 0.875 - 6.93% 24.78% 480789 1558678 55949 199966 55599 198944 0.0272 0.0973 1516426 723207 608341 521076 - 908085 168803 175857 78409 230365 7054 85463 144902 2044860 2044860 2392486 2010-06-30 13.77% 11.94% 11.64% 0.63% 1.3584 - 0.44 0.44 2.66 0.07 1.3879 0.9248 0.2781 0.6699 0.4012 9.8% 50 60 50
2010-05-20 2010 2 1.6 1.1 - 8.21% 17.86% 549687 1077889 66229 144017 65879 143345 0.0322 0.0701 1575253 845417 638934 518666 - 936319 103532 86906 3856 234762 16626 20482 255244 2044860 2044860 3333121 2010-03-31 13.84% 12.50% 12.05% 0.53% 1.3076 - 0.46 0.46 3.54 0.12 1.63 1.2089 0.4921 0.6824 0.4056 15.9% 45 66 56
2010-02-23 2010 1 1.98 1.44 - 9.65% 9.65% 528202 528202 77788 77788 77466 77466 0.0379 0.0379 1585214 907884 707671 581935 - 877543 71658 11669 76203 238396 59989 136192 374588 2044860 2044860 N/A 2009-12-31 16.01% 14.96% 14.73% 0.41% 1.1711 - 0.43 0.43 N/A 0.18 1.5601 1.2289 0.6437 0.8064 0.4464 17.6% 45 66 83
N/A 2009 4 N/A N/A - N/A N/A 501216 1758077 72031 205911 73499 207279 0.0359 0.1014 1461099 798078 658413 652877 - 802686 275011 140558 41254 145471 134453 93199 238670 2044860 2044860 N/A 2009-09-30 17.00% 14.79% 14.37% - 1.2033 - 0.39 0.39 N/A 0.12 1.2224 0.9385 0.3656 0.8203 0.4506 8.3% 45 72 112
N/A 2009 3 N/A N/A - N/A N/A 480669 1256861 55415 133880 55378 133780 0.0271 0.0654 N/A N/A N/A N/A - N/A 92850 108649 20732 141594 15799 4933 146527 2044860 2044860 N/A 2009-06-30 12.46% 11.96% 11.53% 0.07% N/A - N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A - N/A N/A
N/A 2009 2 N/A N/A - N/A N/A 346400 776192 54440 78465 54402 78402 0.0266 0.0383 N/A N/A N/A N/A - N/A 63729 51490 9503 149017 12239 21742 170759 2044860 2044860 N/A 2009-03-31 14.25% 16.23% 15.72% 0.07% N/A - N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A - N/A N/A
N/A 2009 1 N/A N/A - N/A N/A 429792 429792 24025 24025 24000 24000 0.0117 0.0117 N/A N/A N/A N/A - N/A 5809 39253 42730 145734 33444 9286 155020 2044860 2044860 N/A 2008-12-31 11.76% 5.93% 5.59% 0.10% N/A - N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A - N/A N/A

Financial Quarter Balance Sheet Open in New Window
year qrt Deferred tax assets (A-0) Leasehold land use rights (A-0) Property, plant and equipment (A-0) Restricted bank deposits (A-0) Cash and cash equivalents (A-1) Current asset classified as held for sales (A-1) Current tax assets (A-1) Inventories (A-1) Other assets (A-1) Trade receivables (A-1) Deferred tax liabilities (L-0) Employee benefits (L-0) Term loans (L-0) Amount due to associated companies (L-1) Current tax liabilities (L-1) Dividend payable (L-1) Loans & borrowings (L-1) Trade and other payables (L-1)
2013 1 11926 18433 711847 812 152918 - 691 282966 12563 302173 26955 395 - - 1 20289 113430 248834
2012 4 12533 18515 725281 808 129778 - 671 324648 13298 411373 26926 393 - - 15 60867 129083 291044
2012 3 9458 18642 715810 - 191918 - - 325317 15773 424798 21447 - - - 582 - 107958 294082
2012 2 9458 18922 680480 - 177636 - - 310397 14573 446147 21447 - - - 680 - 115625 319961
2012 1 9458 18920 693878 - 68743 - - 277172 7028 457315 21447 - - - 660 - 164482 298511
2011 4 9458 19005 702311 - 93468 - - 224864 3669 337009 21447 - - - 582 - 224708 257740
2011 3 - 18977 705814 - 78558 - - 207810 - 315148 11890 - - - 575 - 230179 233844
2011 2 - 19273 712690 - 72844 - - 220715 - 304291 11890 - - - 956 - 221583 214435
2011 1 - 19288 739496 - 129009 - - 206194 - 315746 11891 - - - 956 - 275843 238445
2010 4 - 19239 753846 - 128834 - - 213321 - 354310 11890 - 77138 - 956 - 262935 243408
2010 3 - 19336 773883 - 144903 - - 241297 - 337007 6352 - 80913 - 654 - 279991 240431
2010 2 - 19585 710251 - 255244 - - 218411 - 371762 6080 - 114188 - 728 - 249027 268911
2010 1 - 19652 657678 - 374588 4335 - 192715 - 336246 5808 - 119928 93237 618 - 222397 265683
2009 4 - 19593 643428 - 238670 28801 - 185339 - 345268 5536 - - 173236 1364 - 186122 292155

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 Foreign exchange (loss)/gain
2013 1 376824 636 400630 229 632 8901 7211
2012 4 536412 1024 509346 347 330 9958 4930
2012 3 573138 62 462087 898 946 8821 2862
2012 2 576584 366 409022 775 675 7349 3345
2012 1 559034 132 387663 1050 889 6143 2483
2011 4 439917 0 411546 746 573 7207 5448
2011 3 395167 64 420997 1008 678 5386 246
2011 2 397432 63 375324 771 1182 6617 3381
2011 1 438904 43 422104 1932 964 5931 2346
2010 4 485970 6883 484809 2553 734 8102 6914
2010 3 480789 350 414565 1450 724 5890 3659
2010 2 549687 350 473628 2458 841 5849 2364
2010 1 528202 322 443624 1225 1353 5610 1308
2009 4 501216 1468 416023 2074 5443 8663 7868
2009 3 480669 37 420754 2054 902 3058 290
2009 2 346400 38 297034 1794 781 4583 10670
2009 1 429792 25 379260 1475 666 6507 19191

Financial Quarter Segments Revenue
year qrt Others Elimination/Adjustment Malaysia Thailand
2013 1 15117 60168 351352 70523
2012 4 18820 41722 475588 83726
2012 3 22662 99124 575779 119145
2012 2 78287 203545 584122 117720
2012 1 36179 137940 537589 123206
2011 4 104430 114686 450173 -
2011 3 100021 80428 375574 -
2011 2 17196 89363 384920 84679
2011 1 16960 83040 413837 91147
2010 4 108619 81634 458983 -
2010 3 92137 73217 461869 -
2010 2 121573 107873 535987 -
2010 1 127301 131448 532349 -
2009 4 118828 347050 729438 -
2009 3 108819 59748 431598 -
2009 2 66105 79569 359865 -
2009 1 67866 69687 431612 -

Financial Quarter Segments Profit
year qrt Others Elimination/Adjustment Malaysia Thailand
2013 1 4865 1873 14924 7813
2012 4 6048 69892 56076 2709
2012 3 1503 62524 184175 14946
2012 2 2983 8680 148929 8466
2012 1 18 2913 160226 705
2011 4 48250 25027 3216 -
2011 3 4895 1224 28185 -
2011 2 2130 1251 13081 256
2011 1 224 3254 5430 5112
2010 4 11263 84428 52610 -
2010 3 9426 918 62107 -
2010 2 2839 9035 59682 -
2010 1 5986 3795 75275 -
2009 4 3531 215325 292356 -
2009 3 15065 491 39821 -
2009 2 3149 6282 63833 -
2009 1 3083 3629 24546 -
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

Posted by cwyeoh stock analysis at 5:58 PM 1 comments
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Saturday, July 7, 2012

KLCI Stock - JCY / 5161 - 2012 Quarter 2

JCY INTERNATIONAL BERHAD



Company Description
JCY INTERNATIONAL BERHAD is a Malaysia-based company. It is a global manufacturer of hard disk drive (HDD) mechanical components. JCY manufactures base plates, top cover assembly, actuator pivot flex assembly (APFA) and antidiscs, which are the mechanical components of HDDs. The Company’s manufacturing facilities are located in the states of Johor, Penang and Malacca, in Malaysia, and in Saraburi, Thailand. The Company’s subsidiaries include JCY HDD Technology Sdn Bhd (JCY HDD Malaysia), JCY HDD Technology Pte Ltd (JCY HDD Singapore) and Minarex Holdings Limited (Minarex Holdings (Mauritius)).

Company Info 
Listing Date2010-02-25
IPO Price1.6
Market Capital (Capital Size)3,251,327,400 (Large)
Par ValueRM 0.25
BoardMain
SectorTechnology
Major IndustryHDD Components
Websitehttp://www.jcyinternational.com/

My Analysis 
Forecast P/E now(1.59-0.1)/0.1643 = 9.07 (Moderate)
Target Price1.97+0.1 = 2.07 (PE 12.0, EPS 0.1643, DPS 0.1)
DecisionNot interested unless volume increasing with price together support with RSI and Momentum move up from lower
Comment
Revenue increased 3.1% and was third consecutive quarter increasing and also higher than preceding quarter 45.1%, eps increased 0.5% and was third consecutive quarter increasing and also higher than preceding quarter 1208.2%, cash generated from operating more than enough to cover all expenses, margin still very high, stronger liquidity ratio from low to moderate level now, lower gearing ratio at below moderate level now, all collection/repayment period is good, higher inventory can indicate higher Group products demand
First Support Price1.45
Second Support Price1.27
Risk RatingMODERATE

Research House
CIMB Target Price2.22 (2012-05-18)
HLG Target Price1.61 (2012-05-18)
OSK Target Price1.9 (2012-07-03)

Accounting Ratio 
Return on Equity36.15%
Dividend Yield6.29%
Gross Profit Margin29.06%
Operating Profit Margin28.48%
Net Profit Margin28.35%
Tax Rate0.22%
Asset Turnover1.1889
Net Asset Value Per Share0.59
Net Tangible Asset per share0.59
Price/Net Tangible Asset Per Share2.66
Cash Per Share0.09
Liquidity Current Ratio2.1747
Liquidity Quick Ratio1.4632
Liquidity Cash Ratio0.4072
Gearing Debt to Equity Ratio0.3815
Gearing Debt to Asset Ratio0.2761
Working capital per thousand Ringgit sale26.0%
Days to sell the inventory70
Days to collect the receivables83
Days to pay the payables72

Technical Analysis 
SMA 201.504 (Uptrend 15 days)
SMA 501.468 (Uptrend)
SMA 1001.338 (Uptrend)
SMA 2001.009 (Uptrend)
MACD (26d/12d)0.033009 ( 0.002944 )
Signal (9)0.027883 ( 0.001281 )
MACD Histogram0.005126 (Bullish trend 14 days)
Bolinger Upper Band1.618
Bolinger Lower Band1.39

My notes based on 2012 quarter 2 report (number in '000):-
- Higher revenue and pbt due mainly to better Average Selling Prices ("ASP") as a result of shortages in HDD mechanical components after the October 2011 Thailand floods, favourable exchange rates and higher volumes shipped coupled with effective products mix and continuing efficient cost management

- Reduction in the ASP compares with the first quarter

- Estimate next 4Q eps after 2012 Q2 result announced = 1199900*0.28/2044760 = 0.1643, estimate PE on current price 1.59 = 9.07(DPS 0.1)
- Estimate next 4Q eps after 2012 Q1 result announced = 1047414*0.25/2044760 = 0.1281, estimate highest/lowest PE = 12.72/8.2 (DPS 0.02)
- Estimate next 4Q eps after 2011 Q4 result announced = 0.0103*1.2*4 = 0.0494, estimate highest/lowest PE = 30.21/14.22 (DPS 0.0075)
- Estimate next 4Q eps after 2011 Q3 result announced = 0.0061*1.1*4 = 0.0268, estimate highest/lowest PE = 29.38/14.09 (DPS 0.0075)

JCY latest news (English)

JCY latest news (Chinese)

Financial Quarter Summary
a_dateyearqrth_pricel_pricedivroec_roerevc_revpbtc_pbtprofc_profepsc_epsassetliabminoequicfocficffcashfcfnetfinalsharec_sharem_capdategros_moper_mprof_mvatasset_tpenavpsntapsp/ntapscpsl_curl_quil_cashg_deg_daavg_winv_drec_dpay_d
2012-05-1720122N/AN/A0.0318.42%36.77%57658411356181634583260421630923255440.07980.15921657613457713-11999002317842870510908383640203079939961776362044760204476032102732012-03-3129.06%28.48%28.35%0.22%1.1889-0.590.592.660.092.17471.46320.40720.38150.276126.0%708372
2012-02-08201211.651.070.0218.35%18.35%5590345590341625841625841624521624520.07940.07941532514485100-1047414515561402460226914373753222694687432044760204476028831112011-12-3130.65%29.27%29.08%0.08%1.169-0.510.512.760.031.74761.14980.14830.46310.316519.3%639368
2011-11-29201141.50.71-3.03%1.67%4399171671420264391472326439145530.01290.00711389784504477-885307130230388421307011328769138839313935632044822204482215540642011-09-306.45%6.18%6.01%-1.2026106.78660.430.431.770.051.36430.89880.19350.56980.36310.5%507458
2011-08-22201130.7950.385-3.65%1.36%3951671231503317921171631856118860.01560.00581326307476488-84981910653732826125230130077737115151978558204486020448609610842011-06-306.54%7.79%8.05%-1.2949-0.420.421.120.041.29470.84740.16910.56070.35938.0%456750
2011-05-18201120.6450.415-1.43%2.29%397432836336125212007612458199700.00610.00981329813448864-88094990711159681338261319277474359083728442044860204486013291592011-03-315.56%3.34%3.15%0.50%1.3559-0.430.431.510.041.36820.86310.16670.50950.33758.9%476246
2011-02-25201110.830.575-0.86%0.86%43890443890475557555751275120.00370.00371409733527135-882598748961143764230129780634597711290092044860204486013393832010-12-313.83%2.16%1.72%0.57%1.387-0.430.431.520.061.26340.86320.25040.59730.37396.9%425948
2010-11-30201040.8650.630.00752.81%21.97%485970204464815674184292225571763870.01100.08631469550596327-8732231843371892229923923295848851041241288342044860204486018301492010-09-300.24%2.70%3.23%-1.391310.37580.430.432.080.061.37290.95240.2540.68290.40589.3%436349
2010-08-20201031.20.875-6.93%24.78%480789155867855949199966555991989440.02720.09731516426608341-908085168803175857784092303657054854631449022044860204486023924862010-06-3013.77%11.94%11.64%0.63%1.3584-0.440.442.660.071.38790.92480.27810.66990.40129.8%506050
2010-05-20201021.61.1-8.21%17.86%549687107788966229144017658791433450.03220.07011575253638934-93631910353286906385623476216626204822552442044860204486033331212010-03-3113.84%12.50%12.05%0.53%1.3076-0.460.463.540.121.631.20890.49210.68240.405615.9%456656
2010-02-23201011.981.44-9.65%9.65%528202528202777887778877466774660.03790.03791585214707671-8775437165811669762032383965998913619237458820448602044860N/A2009-12-3116.01%14.96%14.73%0.41%1.1711-0.430.43N/A0.181.56011.22890.64370.80640.446417.6%456683
N/A20094N/AN/A-N/AN/A501216175807772031205911734992072790.03590.10141461099658413-802686275011140558412541454711344539319923867020448602044860N/A2009-09-3017.00%14.79%14.37%-1.2033-0.390.39N/A0.121.22240.93850.36560.82030.45068.3%4572112
N/A20093N/AN/A-N/AN/A480669125686155415133880553781337800.02710.0654N/AN/A-N/A928501086492073214159415799493314652720448602044860N/A2009-06-3012.46%11.96%11.53%0.07%N/A-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-N/AN/A
N/A20092N/AN/A-N/AN/A346400776192544407846554402784020.02660.0383N/AN/A-N/A63729514909503149017122392174217075920448602044860N/A2009-03-3114.25%16.23%15.72%0.07%N/A-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-N/AN/A
N/A20091N/AN/A-N/AN/A429792429792240252402524000240000.01170.0117N/AN/A-N/A5809392534273014573433444928615502020448602044860N/A2008-12-3111.76%5.93%5.59%0.10%N/A-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-N/AN/A

Financial Quarter Balance Sheet
yearqrtDeferred tax assets (A-0)Leasehold land use rights (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 assets (A-1)Trade receivables (A-1)Deferred tax liabilities (L-0)Term loans (L-0)Amount due to associated companies (L-1)Current tax liabilities (L-1)Loans & borrowings (L-1)Trade and other payables (L-1)
20122945818922680480177636-3103971457344614721447--680115625319961
2012194581892069387868743-277172702845731521447--660164482298511
2011494581900570231193468-224864366933700921447--582224708257740
20113-1897770581478558-207810-31514811890--575230179233844
20112-1927371269072844-220715-30429111890--956221583214435
20111-19288739496129009-206194-31574611891--956275843238445
20104-19239753846128834-213321-3543101189077138-956262935243408
20103-19336773883144903-241297-337007635280913-654279991240431
20102-19585710251255244-218411-3717626080114188-728249027268911
20101-196526576783745884335192715-336246580811992893237618222397265683
20094-1959364342823867028801185339-3452685536-1732361364186122292155

Financial Quarter Income Statement
yearqrtRevenueIncome tax expenseCost of salesFinance/interest costsOther incomeAdministrative/Operating expensesForeign exchange (loss)/gain
2012257658436640902277567573493345
20121559034132387663105088961432483
20114439917041154674657372075448
201133951676442099710086785386246
2011239743263375324771118266173381
2011143890443422104193296459312346
201044859706883484809255373481026914
20103480789350414565145072458903659
20102549687350473628245884158492364
201015282023224436241225135356101308
2009450121614684160232074544386637868
200934806693742075420549023058290
20092346400382970341794781458310670
20091429792253792601475666650719191

Financial Quarter Segments Revenue
yearqrtOthersElimination/AdjustmentMalaysiaThailand
2012278287203545584122117720
2012136179137940537589123206
20114104430114686450173-
2011310002180428375574-
20112171968936338492084679
20111169608304041383791147
2010410861981634458983-
201039213773217461869-
20102121573107873535987-
20101127301131448532349-
20094118828347050729438-
2009310881959748431598-
200926610579569359865-
200916786669687431612-

Financial Quarter Segments Profit
yearqrtOthersElimination/AdjustmentMalaysiaThailand
20122298386801489298466
20121182913160226705
2011448250250273216-
201134895122428185-
201122130125113081256
20111224325454305112
20104112638442852610-
20103942691862107-
201022839903559682-
201015986379575275-
200943531215325292356-
200931506549139821-
200923149628263833-
200913083362924546-

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

Posted by cwyeoh stock analysis at 9:01 PM 0 comments
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Wednesday, February 29, 2012

KLCI Stock - JCY / 5161 - 2012 Quarter 1

Company Info
Market Capital (Capital Size)2,494,729,200 (Large)
Par ValueRM 0.25

My Analysis
Forecast P/E now(1.22-0.04)/0.1281 = 9.21 (Moderate)
Target Price1.54+0.04 = 1.58 (PE 12.0, EPS 0.1281, DPS 0.04)
DecisionBUY if MACD moving back to bullish trend and got very strong buying volume than selling
Comment
Revenue increased 11.3% but still lower than preceding quarter 7.3%, eps increased 182.7% and also higher than preceding quarter 204.9%, cash generated from operating not enough to cover financing expenses hence increased borrowings and spent 29.6% of Group cash to cover other expenses, slightly better liquidity ratio at low level now, slightly lower gearing ratio at moderate level now, all accounting ratio are good, higher inventory can indicate Group products demand improve, affect by weakening of USD against RM, benefit from improvement of average selling price
First Support Price1.15
Second Support Price1.0
Risk RatingMODERATE

Research House
CIMB Target Price1.54 (2012-01-05)
OSK Target Price1.48 (2012-01-05)
HLG Target Price1.33 (2012-02-09)

Accounting Ratio
Return on Equity16.16%
Dividend Yield1.64%
Profit Margin29.08%
Tax Rate0.08%
Asset Turnover1.169
Net Asset Value Per Share0.51
Net Tangible Asset per share0.51
Price/Net Tangible Asset Per Share2.76
Cash Per Share0.03
Liquidity Current Ratio1.7476
Liquidity Quick Ratio1.1498
Liquidity Cash Ratio0.1483
Gearing Debt to Equity Ratio0.4631
Gearing Debt to Asset Ratio0.3165
Working capital per thousand Ringgit sale19.3%
Days to sell the inventory62
Days to collect the receivables93
Days to pay the payables67

Technical Analysis
SMA 201.293 (Downtrend 1 day)
SMA 501.133 (Uptrend)
SMA 1000.812 (Uptrend)
SMA 2000.623 (Uptrend)
MACD (26d/12d)0.019203 ( 0.004276 )
Signal (9)0.039801 ( 0.005149 )
MACD Histogram0.020598 (Bearish trend 11 days)

My notes based on 2012 quarter 1 report (number in '000):-
- Higher revenue and pbt due mainly to the better Average Selling Price("ASP") as a result of shortage in HDD mechanical components after the October 2011 Thailand floods and appreciating USD exchange rate coupled with effective products mix and continuing efficient cost management during the quarter under review

- Estimate next 4Q eps after 2012 Q1 result announced = 1047414*0.25/2044760 = 0.1281, estimate PE on current price 1.22 = 9.21(DPS 0.02)
- Estimate next 4Q eps after 2011 Q4 result announced = 0.0103*1.2*4 = 0.0494, estimate highest/lowest PE = 30.21/14.22 (DPS 0.0075)
- Estimate next 4Q eps after 2011 Q3 result announced = 0.0061*1.1*4 = 0.0268, estimate highest/lowest PE = 29.38/14.09 (DPS 0.0075)

JCY latest news (English)

JCY latest news (Chinese)
Posted by cwyeoh stock analysis at 12:27 PM 1 comments
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