Company Info
| Market Capital (Capital Size) | 8,560,000,000 (Very Large) |
| Par Value | RM 0.50 |
My Analysis
| Forecast P/E now | (5.35-0.1)/0.1818 = 28.88 (High) |
| Target Price | 4.73+0.1 = 4.83 (PE 26.0, EPS 0.1818, DPS 0.1) |
| Decision | Not interested unless MACD moving up from very low with low selling volume or MACD continue bullish trend with Bolinger upper band open follow by stock price go up |
| Comment | Revenue increased 54.6% but lower than preceding year corresponding quarter 45.6%, eps decreased 42.1% and also lower than preceding year corresponding quarter 67.2%, cash generated from operating is more than enough to cover all expenses, slightly stronger liquidity ratio at low level now, lower gearing ratio at above moderate level now, lower debt ratio, benefit from longer payables periods to utilize the cash since the cash is still quite sufficient |
| First Support Price | 5.3 |
| Second Support Price | 5.0 |
| Risk Rating | MODERATE |
Accounting Ratio
| Return on Equity | 8.48% |
| Dividend Yield | 2.80% |
| Gross Profit Margin | 0.00% |
| Operating Profit Margin | 7.04% |
| Net Profit Margin | 7.55% |
| Tax Rate | 14.17% |
| Asset Turnover | 0.6858 |
| Net Asset Value Per Share | 1.51 |
| Net Tangible Asset per share | 1.51 |
| Price/Net Tangible Asset Per Share | 3.65 |
| Cash Per Share | 1.3 |
| Liquidity Current Ratio | 1.6132 |
| Liquidity Quick Ratio | 1.6005 |
| Liquidity Cash Ratio | 1.0368 |
| Gearing Debt to Equity Ratio | 0.8421 |
| Gearing Debt to Asset Ratio | 0.4568 |
| Working capital per thousand Ringgit sale | 40.3% |
| Days to sell the inventory | 3 |
| Days to collect the receivables | 135 |
| Days to pay the payables | 247 |
Technical Analysis
| SMA 20 | 5.351 (Downtrend 8 days) |
| SMA 50 | 5.444 (Downtrend) |
| SMA 100 | 5.617 (Downtrend) |
| SMA 200 | 6.385 (Downtrend) |
| MACD (26d/12d) | -0.025699 ( 0.002059 ) |
| Signal (9) | -0.032365 ( 0.001666 ) |
| MACD Histogram | 0.006666 (Bullish trend 8 days) |
My notes based on 2011 quarter 7 report (number in '000):-
- Lower revenue and pbt than FY11Q3 in Engineering & Construction division mainly due to no further recognition of revenue from EPCIC Turkmenistan Block 1, Phase 1 project. The project contract was novated to a jointly controlled entity, MMHE-TPGM Sdn Bhd with effect from 1 January 2011
- Higher revenue and pbt in Marine conversion & repair division due to the securement of two new conversion contracts, which has commenced during the period and higher numbers of energy vessels repair works although one of the secured conversion contract has yet to contribute any operating profit due to the works are still at preliminary stage
- Estimate next 4Q eps after 2011 Q7 result announced = 2424212*0.12/1600000 = 0.1818, estimate PE on current price 5.35 = 28.88(DPS 0.05)
- Estimate next 4Q eps after 2011 Q6 result announced = 0.05*4*1.05 = 0.21, estimate highest/lowest PE = 27.95/24.71 (DPS 0.05)
- Estimate next 4Q eps after 2011 Q5 result announced = (0.08+0.05)*2 = 0.26, estimate highest/lowest PE = 26.15/19.04 (DPS 0.05)
- Estimate next 4Q eps after 2011 Q4 result announced = (0.08+0.06)*2 = 0.28, estimate highest/lowest PE = 31.32/22.39 (DPS 0.05)
- Yearly revenue, 2008 = 1741922, 2009 = 4021147, 2010 = 6147012
- Yearly PAT, 2008 = 194645, 2009 = 282221, 2010 = 284115
MHB latest news (English)
MHB latest news (Chinese)
No comments:
Post a Comment