KLCI Stock - MRCB / 1651 - 2012 Quarter 1

MALAYSIAN RESOURCES CORPORATION BERHAD



Company Description

MALAYSIAN RESOURCES CORPORATION BERHAD, an investment holding company, engages in the property development and investment businesses. It focuses on residential, commercial, and industrial properties. The company’s engineering and construction projects include buildings and high rise, roads, civil and infrastructural works, residential development, and energy-power network transmission; and infrastructure projects include environmental rehabilitation and infrastructure toll highways. In addition, the company develops transit hubs; corporate office towers and business suites, hotels, luxury condominiums, and shopping malls; and multi-level residential development, high-rise condominium, medium-cost apartments, and low-cost landed properties. Further, it offers building services, such as building management, building maintenance, security, and parking services; IT, telecommunications, ICT infrastructure, and strategic systems products and services; and operates, manages, and maintains Kuala Lumpur central railway station. Additionally, the company operates, manages, and maintains retail and fitness centers; offers engineering, construction, and commissioning services to power transmission systems; manufactures and sells pre-stressed spun concrete poles; provides security guard services; manufactures, distributes, and sells ceramic tiles; offers planning and management services; trades in building materials; involves in quarry operations; and provides system maintenance and application services, and other technological applications and services. It principally operates in Malaysia and the United Arab Emirates. Malaysian Resources Corporation Berhad was formerly known as Perak Carbide Sdn. Bhd. The company was founded in 1969 and is based in Kuala Lumpur, Malaysia.

Company Info

Listing Date	1971-03-22
Market Capital (Capital Size)	2,176,753,257 (Large)
Par Value	RM 1.00
Board	Main
Sector	Construction
Major Industry	Property Development
Sub Industry	Construction & Project Management
Website	http://www.mrcb.com.my

My Analysis

Forecast P/E now	(1.57-0.02)/0.0604 = 25.66 (Moderate)
Target Price	1.93+0.02 = 1.95 (PE 32.0, EPS 0.0604, DPS 0.02)
Decision	BUY if stock price sustain above SMA20 or wait MACD start move up
Comment	Revenue decreased 30.1% but higher than preceding year corresponding quarter 48.4%, eps decreased 14.9% but higher than preceding year corresponding quarter 2.6%, over spent in operating hence mainly used the cash generated from financing activities and 9.9% of Group cash to cover all other expenses, operating margin improving, slightly weaker liquidity ratio at low level now, higher gearing ratio at very high level now, higher debt ratio and left 4.7% to historical high, all repayment period still as usual, cash decreasing, higher property development cost can indicate many property development still on-going
First Support Price	1.55
Second Support Price	1.4
Risk Rating	MODERATE

Research House

RHB Target Price	2.55 (2011-12-07)
MIDF Target Price	2.43 (2012-02-10)
Jupiter Target Price	1.82 (2012-05-21)
AMMB Target Price	2.3 (2012-05-23)
CIMB Target Price	1.9 (2012-05-23)
HLG Target Price	2.5 (2012-05-23)
HwangDBS Target Price	2.7 (2012-05-23)
Kenanga Target Price	2.71 (2012-05-23)
OSK Target Price	2.38 (2012-05-23)

Accounting Ratio

Return on Equity	5.81%
Dividend Yield	1.27%
Gross Profit Margin	0.00%
Operating Profit Margin	14.84%
Net Profit Margin	10.83%
Tax Rate	19.67%
Asset Turnover	0.2374
Net Asset Value Per Share	1.0
Net Tangible Asset per share	0.93
Price/Net Tangible Asset Per Share	1.72
Cash Per Share	0.38
Liquidity Current Ratio	1.4572
Liquidity Quick Ratio	1.1748
Liquidity Cash Ratio	0.3494
Gearing Debt to Equity Ratio	2.9911
Gearing Debt to Asset Ratio	0.7435
Working capital per thousand Ringgit sale	52.8%
Days to sell the inventory	135
Days to collect the receivables	345
Days to pay the payables	342

Technical Analysis

SMA 20	1.597 (Downtrend 53 days)
SMA 50	1.681 (Downtrend)
SMA 100	1.854 (Downtrend)
SMA 200	1.901 (Downtrend)
MACD (26d/12d)	-0.030663 ( 0.000263 )
Signal (9)	-0.031701 ( 0.000259 )
MACD Histogram	0.001038 (Bullish trend 14 days)
Bolinger Upper Band	1.71
Bolinger Lower Band	1.484

My notes based on 2012 quarter 1 report (number in '000):-
- Higher revenue and pbt than FY11Q1 mainly contributed by recognition of progress profit of the ongoing property development projects at Kuala Lumpur Sentral and recurring rental income from the newly completed KL Sentral Park office

- Estimate next 4Q eps after 2012 Q1 result announced = 1426930*0.06/1387293 = 0.0617, estimate PE on current price 1.57 = 25.66(DPS 0.02)
- Estimate next 4Q eps after 2011 Q4 result announced = 1398254*0.06/1388264 = 0.0604(ROE 6%), estimate highest/lowest PE = 36.75/25.17 (DPS 0.02)
- Estimate next 4Q eps after 2011 Q3 result announced = 0.0811, estimate highest/lowest PE = 27.81/23.37 (DPS 0.015)
- Estimate next 4Q eps after 2011 Q2 result announced = 0.0811, estimate highest/lowest PE = 28.91/18.06 (DPS 0.015)
- Estimate next 4Q eps after 2011 Q1 result announced = 0.0156*4*1.3 = 0.0811, estimate highest/lowest PE = 31.87/24.11 (DPS 0.015)
- Estimate next 4Q eps after 2010 Q4 result announced = 1067579*1.3*0.09/1380582 = 0.0905(profit margin per 9%, revenue yearly increase rate 30%), estimate highest/lowest PE = 26.02/21.49 (DPS 0.015)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.0188*4*1.1 = 0.0827(profit margin 8%, revenue increase rate 20%), estimate highest/lowest PE = 29.02/22.61 (DPS 0.01)
- Estimate next 5Q eps after 2010 Q2 result announced = 0.0129,0.0175,0.0202,0.0237,0.0313(calculation is based on receivables, revenue, 8% profit margin and 27% tax rate), exclude 0.0129 then cum_eps is 0.0927, estimate highest/lowest PE = 24.49/17.26 (DPS 0.01)
- Estimate next 4Q eps after 2010 Q1 result announced = 0.0743, estimate highest/lowest PE = 23.96/18.03 (DPS 0.01)

MRCB latest news (English)

MRCB latest news (Chinese)



Financial Quarter Summary

a_date	year	qrt	h_price	l_price	div	roe	c_roe	rev	c_rev	pbt	c_pbt	prof	c_prof	eps	c_eps	asset	liab	mino	equi	cfo	cfi	cff	cash	fcf	net	final	share	c_share	m_cap	date	gros_m	oper_m	prof_m	vat	asset_t	pe	navps	ntaps	p/ntaps	cps	l_cur	l_qui	l_cash	g_de	g_da	avg_w	inv_d	rec_d	pay_d
2012-05-22	2012	1	N/A	N/A	-	1.58%	1.58%	328624	328624	35602	35602	22155	22155	0.0160	0.0160	5562024	4135094	44446	1426930	194404	2213	160001	371076	196617	36616	334460	1387293	1387293	2219668	2012-03-31	-	14.84%	10.83%	19.67%	0.2374	-	1.0	0.93	1.72	0.38	1.4572	1.1748	0.3494	2.9911	0.7435	52.8%	135	345	342
2012-02-08	2011	4	2.24	1.54	0.02	1.98%	5.86%	470387	1213077	42545	107251	26116	77462	0.0188	0.0558	5411172	4012918	38131	1398254	551224	19066	415960	487274	532158	116198	371076	1388264	1387107	3109711	2011-12-31	-	11.52%	9.04%	24.89%	0.2242	40.1115	0.98	0.91	2.46	0.45	1.4978	1.2055	0.4266	2.9504	0.7416	59.7%	146	338	377
2011-11-25	2011	3	2.27	1.91	-	0.81%	3.89%	286352	742690	16477	64706	10719	51346	0.0077	0.0370	4968686	3597050	40896	1371636	449314	55251	153202	487274	394063	240861	246413	1388175	1387061	2623650	2011-09-30	-	8.89%	5.75%	6.74%	0.2366	-	0.96	0.92	2.05	0.5	2.4804	2.002	0.7993	2.703	0.7239	108.5%	147	317	296
2011-08-11	2011	2	2.36	1.48	-	1.44%	3.07%	234841	456338	24193	48229	19026	40627	0.0137	0.0293	4643800	3288235	36505	1355565	333607	156037	243689	487274	489644	245955	241319	1388419	1387860	3096174	2011-06-30	-	13.88%	10.30%	15.61%	0.2499	-	0.95	0.91	2.45	0.45	2.3476	1.8541	0.7589	2.4929	0.7081	95.9%	148	282	295
2011-05-26	2011	1	2.6	1.97	-	1.63%	1.63%	221497	221497	24036	24036	21602	21602	0.0156	0.0156	4569550	3223453	36475	1346097	205456	79689	74362	487274	285145	210783	276491	1387301	1387301	2996570	2011-03-31	-	15.58%	10.85%	-	0.2406	-	0.94	0.9	2.4	0.57	2.165	1.733	0.8467	2.4614	0.7054	99.3%	156	274	303
2011-02-09	2010	4	2.37	1.96	0.015	6.01%	9.74%	433118	1067579	49289	97575	41502	67268	0.0301	0.0518	4388340	3066863	35252	1321477	616557	507787	363473	232571	108770	254703	487274	1380582	1297877	3051086	2010-12-31	-	13.79%	11.38%	20.48%	0.2433	42.64	0.99	0.95	2.33	0.58	1.5976	1.2928	0.6332	2.3844	0.6989	70.7%	152	284	355
2010-11-22	2010	3	2.41	1.88	-	0.53%	3.73%	270909	634461	15005	48286	3676	25766	0.0027	0.0202	3788460	2554628	25476	1233832	491100	494641	202792	232571	3541	206333	438904	1379759	1274024	2966481	2010-09-30	-	10.27%	5.54%	30.79%	0.2418	-	0.95	0.95	2.26	0.63	2.8316	2.5811	1.0282	2.1141	0.6743	168.1%	98	519	326
2010-08-24	2010	2	2.28	1.61	-	1.77%	3.20%	173875	363552	18303	33280	12244	22090	0.0089	0.0181	3610795	2383448	19700	1227347	362584	514770	153556	232571	152186	305742	538313	1373959	1218399	2294511	2010-06-30	-	16.13%	10.53%	27.98%	0.2499	-	0.99	0.99	1.69	0.7	3.2061	2.8796	1.3455	1.9736	0.6601	175.1%	109	443	270
2010-05-18	2010	1	1.79	1.35	-	1.43%	1.43%	189677	189677	14978	14978	9847	9847	0.0093	0.0093	3606078	2396931	19210	1209147	114682	511468	26001	232571	396786	422787	655358	1063228	1063228	1648003	2010-03-31	-	13.18%	7.90%	26.35%	0.2659	-	1.12	1.12	1.38	1.1	3.3233	2.9964	1.684	2.0143	0.6647	168.7%	98	347	272
2010-02-23	2009	4	1.72	1.37	0.01	1.90%	5.31%	281669	921616	23365	46492	12412	34624	0.0136	0.0380	3118752	2428440	18393	690312	242886	57172	336328	196301	300058	36270	232571	910149	910114	1246904	2009-12-31	-	16.98%	8.30%	42.43%	0.2955	36.0113	0.74	0.74	1.85	0.89	2.642	2.3272	1.1599	3.6142	0.7787	124.2%	98	321	281
2009-11-17	2009	3	1.8	1.26	-	1.54%	3.40%	257108	639947	11982	23127	10017	22212	0.0110	0.0244	3075490	2398204	17853	677286	195281	4304	212562	196301	199585	12977	209278	909962	909962	1237548	2009-09-30	-	7.86%	4.66%	3.93%	0.2743	-	0.72	0.72	1.89	0.97	1.6442	1.4218	0.7669	3.6368	0.7798	87.7%	116	324	286
2009-08-27	2009	2	1.46	1.22	-	1.85%	1.87%	230244	382839	9137	11145	12042	12195	0.0132	0.0134	2916687	2249758	17540	666929	191687	3667	175954	196301	188020	12066	184235	909313	909313	1173013	2009-06-30	-	8.40%	3.97%	-	0.2625	-	0.71	0.71	1.82	0.99	1.7355	1.5206	0.9017	3.4644	0.7713	96.0%	103	294	225
2009-05-15	2009	1	1.51	1.06	-	0.02%	0.02%	152595	152595	2008	2008	153	153	0.0002	0.0002	2822095	2169233	17527	652862	143632	9739	118377	196301	153371	34994	161307	907537	907537	1089044	2009-03-31	-	9.30%	1.32%	76.79%	0.2707	-	0.7	0.7	1.71	1.05	1.8332	1.5767	1.0244	3.4143	0.7687	101.4%	114	244	178
2009-02-24	2008	4	1.36	0.78	-	5.07%	7.31%	203554	788552	25499	42155	39298	56638	0.0433	0.0624	2916011	2263630	17214	652381	167334	375345	131800	272512	208011	76211	196301	907537	907537	780481	2008-12-31	-	5.10%	12.53%	-	0.2704	-	0.7	0.7	1.23	1.19	1.7853	1.5563	1.0434	3.5638	0.7763	103.5%	117	246	240
2008-11-25	2008	3	0.94	0.665	-	3.46%	2.24%	179380	584998	25989	16656	26807	17340	0.0295	0.0191	2848522	2150088	17961	698434	285806	391530	51103	272512	105724	156827	115685	907537	907537	617125	2008-09-30	-	9.43%	14.49%	-	0.3112	-	0.75	0.75	0.91	1.2	2.0542	1.8072	1.1786	3.1597	0.7548	110.0%	106	238	219
2008-08-26	2008	2	0.895	0.48	-	0.68%	1.22%	228531	405618	9151	9333	5239	9467	0.0058	0.0104	2784226	2051049	17865	733177	345894	348564	156842	272512	2670	159512	113000	907537	907537	703341	2008-06-30	-	6.55%	4.00%	-	0.3362	-	0.79	0.78	0.99	1.3	2.2664	1.9451	1.4293	2.8673	0.7367	111.9%	122	166	177
2008-05-20	2008	1	1.55	0.74	-	1.90%	1.90%	177087	177087	18484	18484	14706	14706	0.0162	0.0162	2572152	1781383	70462	790769	78896	63368	81301	272512	15528	96829	369341	907537	907537	1379456	2008-03-31	-	32.40%	10.44%	22.59%	0.3126	-	0.79	0.79	1.92	1.02	2.1879	1.8523	1.173	2.4731	0.6926	116.3%	152	241	237
2008-02-26	2007	4	2.1	1.13	0.012	1.08%	8.05%	301481	903702	12862	69831	5487	40745	0.0060	0.0474	2106264	1331875	68858	774389	173423	404090	366989	61988	577513	210524	272512	907537	859714	1860450	2007-12-31	-	14.24%	4.27%	146.95%	0.4291	43.2547	0.82	0.82	2.5	0.47	2.2264	1.6538	0.7383	1.8878	0.6323	78.2%	159	211	220
2007-11-27	2007	3	3.2	2.0	-	2.79%	9.13%	228831	602221	15460	56969	14110	46232	0.0156	0.0548	2019386	1244592	69763	774794	120530	428608	263690	61988	549138	285448	347436	902224	843599	2273604	2007-09-30	-	10.26%	6.76%	2.14%	0.376	-	0.84	0.84	3.0	0.45	2.4394	1.708	0.8198	1.7653	0.6163	94.5%	208	211	210
2007-08-20	2007	2	2.93	2.39	-	3.81%	6.35%	96587	373390	28882	41509	19276	32122	0.0226	0.0392	1935995	1202381	68744	733614	132832	427297	399141	61988	560129	160988	222976	854001	819992	N/A	2007-06-30	-	47.19%	29.90%	21.43%	0.274	-	0.81	0.81	N/A	0.49	2.4461	1.706	0.9302	1.8084	0.6211	122.6%	279	237	275
2007-05-22	2007	1	N/A	N/A	-	2.54%	2.54%	276803	276803	12627	12627	12846	12846	0.0162	0.0162	1983704	1428928	65327	554776	81211	10852	34331	61988	92063	57732	119720	795006	795006	1780813	2007-03-31	-	12.08%	4.56%	4.22%	0.2188	-	0.62	0.62	3.61	0.29	1.7743	1.4144	0.3826	2.9195	0.7203	107.2%	205	291	262
2007-02-27	2006	4	N/A	N/A	-	N/A	N/A	157133	527929	8337	30266	19293	33784	0.0251	0.0440	1992934	1486748	66079	506186	14817	34552	65300	77919	49369	15931	61988	768186	768186	798913	2006-12-31	-	10.31%	5.31%	-	0.0788	23.6477	0.57	0.57	1.82	0.24	1.4769	1.1124	0.2819	3.3782	0.746	198.7%	618	627	756

Financial Quarter Balance Sheet

year	qrt	Available-for-sale financial assets (A-0)	Concession assets (A-0)	Deferred tax assets (A-0)	Intangible assets (A-0)	Investment in associated companies (A-0)	Investment in jointly controlled entity (A-0)	Investment properties (A-0)	Land held for property development (A-0)	Property, plant and equipment (A-0)	Amount due from jointly controlled entity (A-1)	Cash and cash equivalents (A-1)	Current asset classified as held for sales (A-1)	Current tax assets (A-1)	Financial assets at fair value through profit and loss (A-1)	Inventories (A-1)	Property development costs (A-1)	Trade receivables (A-1)	Deferred tax liabilities (L-0)	Loan stock (L-0)	Loans & borrowings (L-0)	Other liabilities (L-0)	Sukuk (L-0)	Current tax liabilities (L-1)	Loans & borrowings (L-1)	Other payables (L-1)	Sukuk (L-1)	Trade and other payables (L-1)	Minority interest (M-1)
2012	1	577	1311321	29183	95636	113833	95490	722304	767986	205848	2298	527659	-	9327	4687	16917	413190	1245768	49552	7000	1371948	124713	1058481	3274	434955	363197	-	721974	44446
2011	4	577	1265658	29452	95736	117603	96725	652976	766400	206731	2841	616188	-	10018	4545	16753	408497	1120472	50619	7000	1317688	124094	1058485	2665	352231	322261	-	777875	38131
2011	3	626	1175378	29577	57754	107063	97908	589524	572752	201191	22564	684878	-	13578	3734	16913	395232	1000014	26842	9590	1517871	123014	1058201	5345	27047	238759	-	590381	40896
2011	2	583	1098080	29679	57754	106253	92762	515889	604848	199670	28339	621533	-	8766	5073	17311	390145	867115	28867	9590	1473387	121597	829156	4561	8047	178350	-	634680	36505
2011	1	616	1011497	29763	57754	106019	93174	436475	606550	199112	31340	788801	-	5981	4550	17745	387027	793146	28894	9590	1298614	120482	828894	4207	145047	212564	-	575161	36475
2010	4	482	925047	29790	58554	105605	93398	359208	599949	198705	21699	795004	-	3673	4608	17865	367139	807614	32912	9590	813624	119222	828633	6931	354631	255203	-	646117	35252
2010	3	511	259546	29790	-	155907	93964	223981	579792	64712	20909	860326	-	2353	4004	19014	191575	1282076	32979	9590	725290	117773	828389	7015	130682	208176	-	494734	25476
2010	2	592	258829	29790	-	161090	36414	138786	576686	112779	73649	959546	-	2514	3918	18956	214845	1022401	32979	9590	680290	116372	828145	11645	126128	197653	-	380646	19700
2010	1	638	256784	29790	-	162632	36555	139644	569216	97730	65762	1168201	-	2377	3916	19194	208362	845277	32979	9590	715290	115156	827902	9183	55047	226598	-	405186	19210
2009	4	444	225362	29790	-	162853	36904	140503	569451	111800	50943	806232	-	2429	2291	19075	200368	760307	32979	9590	746615	113800	828388	7925	58416	212681	-	418046	18393
2009	3	476	242495	29572	-	155590	-	143869	565169	50660	48313	878137	-	3763	2291	19833	235537	699785	34402	9590	255508	122582	828042	413	520836	234878	-	391953	17853
2009	2	417	212136	29572	-	149556	-	144750	562961	82104	26503	899523	-	1955	1968	20021	194885	590336	34402	9590	255508	122742	827697	1528	530539	145275	-	322477	17540
2009	1	354	203172	24646	-	149374	-	145631	534598	60476	50221	950567	-	2036	1590	21539	216858	461033	34402	9590	245451	122994	827352	1296	556872	196603	-	174673	17527
2008	4	379	131520	24646	-	162472	-	146512	533965	61327	50249	1082438	-	1982	1807	21461	216517	480736	34402	9590	235093	118407	827007	3673	545623	202264	-	287571	17214
2008	3	379	18093	14432	-	168390	-	120713	550706	75132	-	1088167	-	3556	2305	23860	204737	578052	19282	9590	232197	118776	845000	1518	450984	169233	-	303508	17961
2008	2	379	18171	11341	4444	174704	-	105372	505476	89671	-	1179964	-	2191	2305	20649	245145	424414	19282	9590	232197	117835	845000	1591	439615	154294	-	231645	17865
2008	1	378	18249	4110	-	133710	-	106031	506881	80972	-	920735	-	4838	2370	29315	234788	529775	19282	9590	227050	118473	620000	1846	273487	195179	100000	216476	70462
2007	4	379	18327	1386	-	110708	-	106689	505802	79821	-	423157	-	4434	2371	32290	297755	523145	19282	9590	-	114333	612345	299	18330	231504	100000	226192	68858
2007	3	7884	18428	2118	-	87984	-	107325	519265	60400	-	406286	-	4525	2371	34102	330477	438221	1901	9590	-	114615	620000	3	29713	157425	100000	211345	69763
2007	2	8039	18506	2118	-	60887	-	107983	608035	30429	-	415800	268	4541	2502	37491	295306	344090	1900	9590	7100	114092	620000	382	20951	145440	100000	182926	68744
2007	1	8039	18584	4852	-	59182	-	108642	694897	23230	-	226996	264267	9280	2957	37492	178803	346483	1900	9590	186926	113606	515950	382	124538	142136	200000	133900	65327
2006	4	8039	18663	4852	-	56591	-	109300	805213	23403	-	181297	264267	9636	3278	95433	143179	269783	1900	9590	195333	109544	515697	667	162302	105016	200000	186699	66079

Financial Quarter Income Statement

year	qrt	Revenue	Income tax expense	Finance/interest costs	Other income	Administrative/Operating expenses	Minority interest	Share of profit/ (loss) of associates	Share of net profit of jointly controlled entity
2012	1	328624	7002	11851	11982	291845	6445	73	1235
2011	4	470387	10590	9345	8175	424352	5839	803	1517
2011	3	286352	1110	8099	13953	274839	4648	378	512
2011	2	234841	3777	7788	12710	214962	1390	196	412
2011	1	221497	151	9981	18927	205904	2585	92	411
2010	4	433118	10093	7460	10031	383409	2306	486	2505
2010	3	270909	4620	9626	14015	257103	6709	3190	-
2010	2	173875	5122	7164	15740	161571	937	2577	-
2010	1	189677	3946	7199	14786	179468	1185	2818	-
2009	4	281669	9914	13367	18773	252627	1039	10497	586
2009	3	257108	471	8257	16430	253320	1494	21	-
2009	2	230244	2918	5858	15595	226497	13	4347	-
2009	1	152595	1542	11088	14320	152730	313	1089	-
2008	4	203554	14545	5928	11260	225195	746	9190	-
2008	3	179380	433	6815	11647	207941	385	2260	-
2008	2	228531	406	21137	24198	237756	4318	2987	-
2008	1	177087	4175	38217	27313	147022	397	677	-
2007	4	301481	18901	36364	8004	266566	552	6307	-
2007	3	228831	331	12602	7999	213358	1019	4590	-
2007	2	96587	6189	17845	5489	56494	3417	1145	-
2007	1	276803	533	22688	6117	249493	752	1888	-
2006	4	157133	4133	17502	39662	180590	6823	9634	-

Financial Quarter Segments Revenue

year	qrt	Elimination/Adjustment	Engineering & Construction	Property development	Infrastructure and environmental	Building services	Investment holding and others
2012	1	-	145185	166410	5144	11784	101
2011	4	-	253538	185847	13814	17472	284
2011	3	-	142730	125134	1381	16923	184
2011	2	-	110197	109013	2165	13358	108
2011	1	-	144495	53715	11259	11922	106
2010	4	197738	497004	69692	6432	27183	30545
2010	3	-	138010	74359	47127	11197	216
2010	2	-	107376	31004	24743	10609	143
2010	1	-	123966	29714	25174	10687	136
2009	4	122230	256000	61286	28438	16291	41884
2009	3	12996	229866	15233	36644	12844	24483
2009	2	36397	199415	23695	27922	16157	548
2009	1	43433	119251	15232	23410	12462	25673
2008	4	38596	118086	32139	47599	21157	23169
2008	3	16874	152316	20130	14538	9084	186
2008	2	8617	156934	54081	13894	11945	294
2008	1	5197	57912	93715	20804	9853	0
2007	4	42967	145557	123167	43856	8257	23611
2007	3	10356	132144	90643	9553	6835	12
2007	2	21006	78457	25965	7588	5583	0
2007	1	7706	72706	202899	3640	5264	0
2006	4	58316	100187	59930	28329	4847	22156

Financial Quarter Segments Profit

year	qrt	Elimination/Adjustment	Engineering & Construction	Property development	Infrastructure and environmental	Building services	Investment holding and others
2012	1	-	7614	45284	736	61	7220
2011	4	-	5065	48924	970	4708	1655
2011	3	-	4134	30816	232	1891	10544
2011	2	-	6880	31153	4845	581	8163
2011	1	-	14486	13790	2253	136	2590
2010	4	-	39014	16850	15428	2255	13965
2010	3	-	42	18020	10786	997	10047
2010	2	-	17278	5402	3951	906	8114
2010	1	-	8701	8281	3750	1873	4219
2009	4	31769	14018	21723	59	816	42968
2009	3	22464	12561	975	4776	2118	22676
2009	2	1239	16232	3270	2484	630	775
2009	1	28618	7856	1346	3769	1655	28177
2008	4	10822	14797	25365	5138	3311	32154
2008	3	3074	13424	836	2600	569	4421
2008	2	3076	2638	23396	1426	266	4401
2008	1	1627	302	35199	2439	133	21536
2007	4	10989	3864	35882	7791	1811	15910
2007	3	784	2498	30859	449	567	5121
2007	2	746	5038	70108	233	1022	29607
2007	1	721	1190	35908	291	1138	3797
2006	4	12713	6148	16614	2107	103	16242

Financial Quarter Segments Associate

year	qrt	Engineering & Construction	Property development	Infrastructure and environmental
2012	1	-	1308	-
2011	4	334	1986	-
2011	3	334	1224	-
2011	2	-	608	-
2011	1	186	317	-
2010	4	1316	8116	2144
2010	3	907	2283	-
2010	2	148	2429	-
2010	1	64	609	2145
2009	4	5082	1036	10380
2009	3	5226	980	791
2009	2	-	-	-
2009	1	-	-	-
2008	4	-	-	-
2008	3	-	-	-
2008	2	-	-	-
2008	1	-	-	-
2007	4	-	-	-
2007	3	-	-	-
2007	2	-	-	-
2007	1	-	-	-
2006	4	-	-	-

Short form reference
a_date = announcement date, yr = financial year end, qrt = quarter
h_price = stock highest price during the quarter, l_price = stock lowest price during the quarter
div = dividend recommend or declare in the quarter, roe = return on equity
c_roe = cumulative of return on equity during the financial year
rev = revenue in the current quarter, c_rev = cumulative of revenue during the financial year
pbt = profit before tax in the current quarter, c_pbt = cumulative of profit before tax during the financial year
eps = earnings per share in the current quarter, c_eps = cumulative of earnings per share during the financial year
asset = total asset, liab = total liability, mino = minority interest, equi = total equity
cfo = net cash flow from operating activities, cfi = net cash flow from investing activities
cff = net cash flow from financing activities, cash = cash and cash equivalents as at beginning of financial year
final = cash and cash equivalents as at current financial period ended
share = diluted/basic weighted average number of ordinary shares
c_share = cumulative of diluted/basic weighted average number of ordinary shares during the financial year
m_cap = market capital at announcement date of quarterly report, date = current financial period ended date
prof_m = profit margin, vat = income tax rate, pe = price earning per share ratio of recent four quarter
navps = net asset value per share, ntaps = net tangible asset per share, cps = cash per share
l_cur = liquidity current ratio, l_qui = liquidity quick ratio, l_cash = liquidity cash ratio
g_de = gearing debt to equity ratio, g_da = gearing debt to assets ratio
avg_w = working capital per thousand Ringgit sale
inv_d = days to sell the inventory, rec_d = days to collect the receivables
pay_d = days to pay the payables

CURRENT

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●CHANGES IN SHAREHOLDING
●ANNUAL REPORTS

HISTORICAL

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ARCHIVES

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●CHANGES IN SHAREHOLDING