KLCI Stock - A&M / 5959 - 2010 Quarter 1

Market Cap : 362907400*0.57 = 206,857,218 (Small)
NTA per share : (455283-19719)/362784= 1.2
P/BV : 0.57/1.2 = 0.475
Forecast P/E now : 0.57/0.0395 = 14.43 (High)
ROE : 3.29% (Low)
DY : Not applicable
Fixed Asset Turnover(3 year) : (0.2465+0.2065+0.1933)/3 = 0.2154 (Low)
Liquidity Ratio : 417763/109205 = 3.8255 (High)
Receivables Collection Period : (55109+43723)/2/(155089/365) = 116 days
My Target Price : Not interested unless revenue and profit increase and maintain
My Decision : NOT BUY
My Comment : Revenue and profit uncertain, good cash flow, below moderate debt and slightly increased, navps same
Technical Support Price : 0.6
Risk Rating : HIGH

My notes based on 2010 Quarter 1 report (number in '000):
- The lower profit before taxation and minority interest for the current quarter was mainly due to the completion of certain development projects in the preceeding quarter