KLCI Stock - ASIABIO / 0150 - 2011 Quarter 1

Market Cap : 250000000*0.08 = 20,000,000 (Small)
NTA per share : (32021-3549)/250000 = 0.11
P/BV : 0.08/0.11 = 0.7273
Forecast P/E now : 0.08/0.006 = 13.33 (High)
ROE : 3.72% (Low)
DY : Not applicable
Fixed Asset Turnover(1 year) : 0.2195 (Low)
Liquidity Ratio : 6149/153 = 40.1895 (Very High)
Receivables Collection Period : (546+1991)/2/(7311/365) = 63 days (Acceptable)
My Target Price : Not interested unless revenue and profit maintaining
My Decision : NOT BUY
My Comment : Revenue and profit increasing, bad cash flow, low debt and decreased, navps increased slightly
Technical Support Price : 0.065
Risk Rating : HIGH

My notes based on 2011 quarter 1 report (number in '000):-
- The ABT Group achieved a consolidated profit after taxation of approximately RM1.03 million on the back of a consolidated revenue of RM4.61 million due mainly to dividend from its incubatees
- Revenue for the current quarter and profit before taxation was higher mainly due to dividend income from its investees
- Estimate next 4Q eps after 2011 Q1 result announced = 0.0036+0.0006(average of eps per quarter in year 2009)*4 = 0.006, estimate PE on current price 0.08 = 13.33

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