Company Info
My Analysis
Research House
Accounting Ratio
My notes based on 2012 quarter 1 report (number in '000):-
- The higher profit than FY11Q1 was mainly due to higher CPO & PK prices as well as higher FFB production
- The higher profit than FY11Q4 was mainly due to higher FFB production
- Estimate next 4Q eps after 2012 Q1 result announced = 0.1426*4*0.9 = 0.5134, estimate PE on current price 6.7 = 12.56 (DPS 0.25)
- Estimate next 4Q eps after 2011 Q4 result announced = 0.1125*4 = 0.45, estimate highest/lowest PE = 15.27/12.89 (DPS 0.25)
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| Market Capital (Capital Size) | 1,357,809,276 (Large) |
| Par Value | RM 1.00 |
My Analysis
| Forecast P/E now | (6.7-0.25)/0.5134 = 12.56 (Moderate) |
| Target Price | 7.19+0.25 = 7.44 (PE 14.0, EPS 0.5134, DPS 0.25) |
| Decision | BUY if stock price next uptrend start above 6.5 |
| Comment | Revenue increased 14.7% and was second consecutive quarter increasing and also higher than preceding year corresponding quarter 63.1%, eps increased 26.8% and was third consecutive quarter increasing and also higher than preceding year corresponding quarter 76.3%, cash generated from operating more than enough to cover all expenses, slightly weaker liquidity ratio at very strong level now, slightly higher gearing ratio at low level now, all accounting ratio are good, crop production increasing, CPO price decreasing |
| First Support Price | 6.5 |
| Second Support Price | 6.0 |
| Risk Rating | MODERATE |
Research House
| TA Target Price | 6.94 (2011-09-30) |
Accounting Ratio
| Return on Equity | 9.14% |
| Dividend Yield | 3.73% |
| Profit Margin | 52.76% |
| Tax Rate | 22.39% |
| Asset Turnover | 0.2015 |
| Net Asset Value Per Share | 5.18 |
| Net Tangible Asset per share | 5.09 |
| Price/Net Tangible Asset Per Share | 1.26 |
| Cash Per Share | 0.87 |
| Liquidity Current Ratio | 7.8482 |
| Liquidity Quick Ratio | 7.3582 |
| Liquidity Cash Ratio | 6.6315 |
| Gearing Debt to Equity Ratio | 0.1036 |
| Gearing Debt to Asset Ratio | 0.0939 |
| Working capital per thousand Ringgit sale | 77.6% |
| Days to sell the inventory | 40 |
| Days to collect the receivables | 30 |
| Days to pay the payables | 66 |
My notes based on 2012 quarter 1 report (number in '000):-
- The higher profit than FY11Q1 was mainly due to higher CPO & PK prices as well as higher FFB production
- The higher profit than FY11Q4 was mainly due to higher FFB production
- Estimate next 4Q eps after 2012 Q1 result announced = 0.1426*4*0.9 = 0.5134, estimate PE on current price 6.7 = 12.56 (DPS 0.25)
- Estimate next 4Q eps after 2011 Q4 result announced = 0.1125*4 = 0.45, estimate highest/lowest PE = 15.27/12.89 (DPS 0.25)
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