Company Info
My Analysis
Accounting Ratio
My notes based on 2011 quarter 3 report (number in '000):-
- The ABT Group achieved a consolidated profit after taxation of approximately RM1.1 million on the back of a consolidated revenue of RM5.5 million due mainly to dividend from its incubatees. As the Group is involved in incubation activities especially on high technology areas, it hold investments particularly in start-ups. In view thereof, its performance is subjected to various volatilities
- Revenue for the current quarter and profit before taxation was due to contribution from Nexfuel
- Estimate next 4Q eps after 2011 Q3 result announced = 0.0042, estimate PE on current price 0.08 = 19.05
- Estimate next 4Q eps after 2011 Q2 result announced = 0.0042, estimate highest/lowest PE = 19.05/14.29
- 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 highest/lowest PE = 14.17/10.08
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| Market Capital (Capital Size) | 21,255,000 (Very Small) |
| Par Value | RM 0.10 |
My Analysis
| Forecast P/E now | 0.065/0.0042 = 15.48 (High) |
| Target Price | 0.0042*4.0 = 0.02 (PE 4.0, EPS 0.0042) |
| Decision | NOT BUY unless revenue and profit stabilize |
| Comment | Revenue increased but lower than preceding year corresponding quarter, eps second consecutive quarter decreasing and also lower than preceding year corresponding quarter, negative free cash flow and negative net cash flow increasing, liquidity largely decreasing but still at very strong level now, gearing ratio increasing but still at very low level now, receivables turnover period increased |
| First Support Price | 0.06 |
| Second Support Price | 0.055 |
| Risk Rating | HIGH |
Accounting Ratio
| Return on Equity | 2.75% |
| Dividend Yield | - |
| Profit Margin | 13.82% |
| Tax Rate | - |
| Asset Turnover | 0.1781 |
| Net Asset Value Per Share | 0.13 |
| Net Tangible Asset per share | 0.12 |
| Price/Net Tangible Asset Per Share | 0.58 |
| Cash Per Share | 0.01 |
| Liquidity Current Ratio | 8.4756 |
| Liquidity Quick Ratio | 8.3304 |
| Liquidity Cash Ratio | 4.8637 |
| Gearing Debt to Equity Ratio | 0.0197 |
| Gearing Debt to Asset Ratio | 0.0185 |
| Working capital per thousand Ringgit sale | 77.6% |
| Days to sell the inventory | 7 |
| Days to collect the receivables | 131 |
| Days to pay the payables | 49 |
My notes based on 2011 quarter 3 report (number in '000):-
- The ABT Group achieved a consolidated profit after taxation of approximately RM1.1 million on the back of a consolidated revenue of RM5.5 million due mainly to dividend from its incubatees. As the Group is involved in incubation activities especially on high technology areas, it hold investments particularly in start-ups. In view thereof, its performance is subjected to various volatilities
- Revenue for the current quarter and profit before taxation was due to contribution from Nexfuel
- Estimate next 4Q eps after 2011 Q3 result announced = 0.0042, estimate PE on current price 0.08 = 19.05
- Estimate next 4Q eps after 2011 Q2 result announced = 0.0042, estimate highest/lowest PE = 19.05/14.29
- 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 highest/lowest PE = 14.17/10.08
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