KLCI Stock - 3A / 0012 - 2011 Quarter 4

THREE-A RESOURCES BERHAD


My notes based on 2011 quarter 4 report (number in '000):-
- Higher revenue and pbt mainly due to slightly higher demand for the Group's products and lower raw material costs as well as production efficiency

- Estimate next 4Q eps after 2011 Q4 result announced = 200988*0.09/393600 = 0.046, estimate PE on current price 1.22 = 26.26(DPS 0.012)
- Estimate next 4Q eps after 2011 Q3 result announced = 0.0342, estimate highest/lowest PE = 41.75/31.81 (DPS 0.012)
- Estimate next 4Q eps after 2011 Q2 result announced = 0.0107*4*0.8 = 0.0342, estimate highest/lowest PE = 39.12/30.94 (DPS 0.012)
- Estimate next 4Q eps after 2010 Q4 result announced = 0.0153*2 = 0.0306, estimate highest/lowest PE = 60.46/45.42 (DPS 0.01)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.015*4 = 0.06(base on 3% roe per quarter), estimate highest/lowest PE = 30.8/23.13 (DPS 0.012)
- Estimate next 4Q eps after 2010 Q2 result announced = 0.0286*3 = 0.0858(0.0286 is recent 2Q cum_eps, FYQ1-11 & FYQ2-11 to double as current), estimate highest/lowest PE = 22.31/17.88 (DPS 0.016)
- Estimate next 4Q eps after 2010 Q1 result announced = 0.076, estimate highest/lowest PE = 26.89/20.32 (DPS 0.016)
- Estimate next 4Q eps after 2009 Q4 result announced = 0.076 (~30% EPS grow), estimate highest/lowest PE = 30.05/20.32 (DPS 0.016)
- Estimate next 4Q eps after 2009 Q3 result announced = 0.0191*4 = 0.0764, estimate highest/lowest PE = 30.68/15.63 (DPS 0.016)
- Estimate next 4Q eps after 2009 Q2 result announced = 0.0178*4 = 0.0712, estimate highest/lowest PE = 23.74/7.09 (DPS 0.01)
- Estimate next 4Q eps after 2009 Q1 result announced = 0.0069*4 = 0.0276, estimate highest/lowest PE = 21.56/11.96 (DPS 0.01)
- Estimate next 4Q eps after 2008 Q4 result announced = 0.0079*4 = 0.0316, estimate highest/lowest PE = 11.55/9.34 (DPS 0.01)

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