Company Info
My Analysis
Research House
Accounting Ratio
My notes based on 2011 quarter 1 report (number in '000):-
- The strengthening of Ringgit Malaysia (“RM”) against the Group’s major trade currencies such as Euro and United States Dollar (“USD”) has resulted in lower translation of revenues into the reporting currency
- The profit last year included the negative goodwill and provision for related expenses recognised in connection to the acquisition of Herlitz AG and related assets
- Estimate next 4Q eps after 2011 Q1 result announced = 0.075*0.8 = 0.06, estimate PE on current price 1.01 = 16.5(DPS 0.02)
- Estimate next 4Q eps after 2010 Q4 result announced = 0.09*0.9 = 0.081, estimate highest/lowest PE = 14.32/12.1 (DPS 0.02)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.09, estimate highest/lowest PE = 15.56/12.67 (DPS 0.02)
PELIKAN latest news (English)
PELIKAN latest news (Chinese)
| Market Capital (Capital Size) | 517,924,021 (Medium) |
| Par Value | RM 1.00 |
My Analysis
| Forecast P/E now | (1.01-0.02)/0.06 = 16.50 (High) |
| Target Price | 0.54+0.02 = 0.56 (PE 9.0, EPS 0.06, DPS 0.02) |
| Decision | Not interested unless revenue and profit increase more |
| Comment | Revenue decreased 5.6% and is second consecutive quarter decreasing but higher than preceding year corresponding quarter 68.9%, eps increased 202.2% but lower than preceding year corresponding quarter 94.4%, no cash generated from operating and cash from borrowing also not enough to cover all expenses, weaker liquidity ratio at low level now, higher gearing ratio at high level now, all accounting ratio are good |
| First Support Price | 1.0 |
| Second Support Price | 0.92 |
| Risk Rating | HIGH |
Research House
| HwangDBS Target Price | 1.2 (2011-02-10) |
| ECM Target Price | 1 (2011-05-31) |
Accounting Ratio
| Return on Equity | 4.58% |
| Dividend Yield | 1.98% |
| Profit Margin | 1.48% |
| Tax Rate | 60.60% |
| Asset Turnover | 0.9963 |
| Net Asset Value Per Share | 1.71 |
| Net Tangible Asset per share | 1.49 |
| Price/Net Tangible Asset Per Share | 0.68 |
| Cash Per Share | 0.23 |
| Liquidity Current Ratio | 1.3971 |
| Liquidity Quick Ratio | 0.7622 |
| Liquidity Cash Ratio | 0.1679 |
| Gearing Debt to Equity Ratio | 1.2542 |
| Gearing Debt to Asset Ratio | 0.5476 |
| Working capital per thousand Ringgit sale | 13.7% |
| Days to sell the inventory | 80 |
| Days to collect the receivables | 74 |
| Days to pay the payables | 73 |
My notes based on 2011 quarter 1 report (number in '000):-
- The strengthening of Ringgit Malaysia (“RM”) against the Group’s major trade currencies such as Euro and United States Dollar (“USD”) has resulted in lower translation of revenues into the reporting currency
- The profit last year included the negative goodwill and provision for related expenses recognised in connection to the acquisition of Herlitz AG and related assets
- Estimate next 4Q eps after 2011 Q1 result announced = 0.075*0.8 = 0.06, estimate PE on current price 1.01 = 16.5(DPS 0.02)
- Estimate next 4Q eps after 2010 Q4 result announced = 0.09*0.9 = 0.081, estimate highest/lowest PE = 14.32/12.1 (DPS 0.02)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.09, estimate highest/lowest PE = 15.56/12.67 (DPS 0.02)
PELIKAN latest news (English)
PELIKAN latest news (Chinese)
No comments:
Post a Comment