Sponsor by Innity

Sponsor by cwyeoh

Sponsor by Nuffnang

Sunday, September 2, 2012

KLCI Stock - GENM / 4715 - 2012 Quarter 2

GENTING MALAYSIA BERHAD


Company Description
Genting Malaysia Berhad, formerly Resorts World Bhd, is involved in a tourist resort business at Genting Highlands, and its activities cover leisure and hospitality services, which comprise gaming, hotel, entertainment and amusement. The principal activities of the subsidiaries include property development and management, leisure and hospitality services, investments, time share ownership scheme, tours and travel related services. The Company operates in two segments: Leisure & Hospitality, which includes the gaming, hotel, entertainment and amusement businesses, tours & travel related services and other support services, and Properties division, which holds the land held for development of the Company and is involved in property developments. Genting Berhad is its immediate and ultimate holding company. In December 2009, Genting Berhad completed the disposal of its subsidiaries, Oakwood Sdn. Bhd. and Genting Highlands Tours and Promotion Sdn. Bhd., to Genting Malaysia Berhad.

Company Info 
Listing Date1989-12-22
Market Capital (Capital Size)20,959,610,267 (Very Large)
Par ValueRM 0.10
BoardMain
SectorTrading/Services
Major IndustryLeisure & Recreation
Sub IndustryProperty Development
Websitehttp://www.gentingmalaysia.com/

My Analysis 
Forecast P/E now(3.53-0.086)/0.2449 = 14.06 (Moderate)
Target Price3.75+0.086 = 3.83 (PE 15.3, EPS 0.2449, DPS 0.086)
DecisionBUY if stock price strong sustain and uptrend above SMA50 or wait strong sustain above SMA20
Comment
Revenue decreased 18.3% and also lower than preceding year corresponding quarter 2.4%, eps decreased 22.4% and also lower than preceding year corresponding quarter 35.1%, cash generated from operating not enough to cover financing expenses hence increased borrowings to cover all other expenses, gross margin increasing to very satisfactory level, liquidity ratio indicate the financial strength is standard but not for new develpment, gearing ratio indicate financial leverage strength still good, all accounting of collection or repayment period is good, all Leisure & Hospitality business was good
First Support Price3.4
Second Support Price3.28
Risk RatingMODERATE

Research House
AMMB Target Price4.3 (2012-07-02)
Alliance Target Price4.26 (2012-07-05)
Jupiter Target Price3.6 (2012-08-10)
CIMB Target Price3.52 (2012-08-30)
HLG Target Price4.1 (2012-08-30)
HwangDBS Target Price3.5 (2012-08-30)
Kenanga Target Price4.18 (2012-08-30)
Maybank Target Price4.05 (2012-08-30)
OSK Target Price4.21 (2012-08-30)
RHB Target Price3.7 (2012-08-30)

Accounting Ratio 
Return on Equity12.43%
Dividend Yield2.44%
Gross Profit Margin39.81%
Operating Profit Margin30.65%
Net Profit Margin30.13%
Tax Rate22.35%
Asset Turnover0.5171
Net Asset Value Per Share2.26
Net Tangible Asset per share1.5
Price/Net Tangible Asset Per Share2.2
Cash Per Share0.63
Liquidity Current Ratio1.8
Liquidity Quick Ratio1.7664
Liquidity Cash Ratio1.611
Gearing Debt to Equity Ratio0.3068
Gearing Debt to Asset Ratio0.2347
Working capital per thousand Ringgit sale20.6%
Days to sell the inventory5
Days to collect the receivables15
Days to pay the payables87

Technical Analysis 
SMA 103.415 (Uptrend)
SMA 203.396 (Uptrend 1 day)
SMA 503.482 (Downtrend)
SMA 1003.561 (Downtrend)
SMA 2003.688 (Downtrend)
MACD (26d/12d)-0.017061 ( 0.013329 )
Signal (9)-0.024456 ( 0.001849 )
MACD Histogram0.007395 (Bullish trend 1 day)
Bolinger Upper Band3.591
Bolinger Lower Band3.201

My notes based on 2012 quarter 2 report (number in '000):-
- Higher revenue due to higher revenue from the leisure and hospitality business in all country and additional rental income arising from properties in US

- Higher pbt than FY11Q2 mainly due to higher profit from all leisure and hospitality business segment, no more property related termination costs of RM39.4 million incurred in the 2Q 2011 in respect of the purchase of the properties in the City of Miami, Florida, US and higher depreciation and amortisation charges by RM44.5 million mainly from the Group’s operations in the US

- Higher pbt than FY12Q1 mainly due to higher profit from all leisure and hospitality business segment, 1Q 2012 was the construction loss of RM48.2 million incurred due to cost overrun from the development of RWNYC and lower pre-operating expenses by RM12.1 million incurred in relation to the masterplan development of a destination resort in the City of Miami, Florida, US

- Estimate next 4Q eps after 2012 Q2 result announced = 12830301*0.12/5668523 = 0.2716, estimate PE on current price 3.53 = 14.06(DPS 0.086)
- Estimate next 4Q eps after 2012 Q1 result announced = 12620517*0.11/5667574 = 0.2449, estimate highest/lowest PE = 15.08/13.04 (DPS 0.086)
- Estimate next 4Q eps after 2011 Q4 result announced = 11926797*0.12/5669441 = 0.2524, estimate highest/lowest PE = 15.31/13.57 (DPS 0.086)
- Estimate next 4Q eps after 2011 Q3 result announced = 0.0613*4*1.1 = 0.2697, estimate highest/lowest PE = 14.97/13.64 (DPS 0.082)
- Estimate next 4Q eps after 2010 Q2 result announced = (0.0736+0.0617)*2*0.95 = 0.2571, estimate highest/lowest PE = 14.89/11.39 (DPS 0.082)
- Estimate next 4Q eps after 2010 Q1 result announced = 0.0736*4 = 0.2944, estimate highest/lowest PE = 13.08/11.18 (DPS 0.08)
- Estimate next 4Q eps after 2010 Q4 result announced = 0.2241*1.1 = 0.2465, estimate highest/lowest PE = 15.26/12.74 (DPS 0.08)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.0591*4 = 0.2364, estimate highest/lowest PE = 15.15/13.16 (DPS 0.079)
- Estimate next 4Q eps after 2010 Q2 result announced = 0.2315*1.05 = 0.2431, estimate highest/lowest PE = 14.98/11.85 (DPS 0.079)
- Estimate next 4Q eps after 2010 Q1 result announced = 0.2315*1.05 = 0.2431, estimate highest/lowest PE = 12.66/9.82 (DPS 0.073)
- Estimate next 4Q eps after 2009 Q4 result announced = 0.0628*4 = 0.2512, estimate highest/lowest PE = 11.25/9.7 (DPS 0.073)
- Estimate next 4Q eps after 2009 Q3 result announced = 0.0629*4 = 0.2516, estimate highest/lowest PE = 11.45/10.33 (DPS 0.07)
- Estimate next 4Q eps after 2009 Q2 result announced = 0.0577*4 = 0.2308, estimate highest/lowest PE = 12.35/11.44 (DPS 0.07)
- Estimate next 4Q eps after 2009 Q1 result announced = 0.0481*4 = 0.1924, estimate highest/lowest PE = 15.23/12.79 (DPS 0.07)

GENM latest news (English)

GENM latest news (Chinese)

Financial Quarter Summary
a_dateyearqrth_pricel_pricedivroec_roerevc_revpbtc_pbtprofc_profepsc_epsassetliabminoequicfocficffcashfcfnetfinalsharec_sharem_capdategros_moper_mprof_mvatasset_tpenavpsntapsp/ntapscpsl_curl_quil_cashg_deg_daavg_winv_drec_dpay_d
2012-08-2920122N/AN/A0.0384.16%6.43%2119482402328363850310170444958007664640.08740.1352167660453935744-12830301889794239783156462145002650011665657281065956697095668523187100392012-06-3039.81%30.65%30.13%22.35%0.5171-2.261.52.20.631.81.76641.6110.30680.234720.6%51587
2012-05-30201213.783.28-2.27%2.27%190380119038013785413785412706642706640.04780.0478161853433564826-12620517123811107476647321347201633522808215752856675745667574217634842012-03-3129.92%20.46%19.88%28.50%0.5219-2.231.472.610.441.82121.77421.53190.28250.220315.8%51681
2012-02-28201143.953.510.0483.01%12.30%23312458493686453734190064834928114278770.06160.2519165065224579725-119267972116022313584028685928757341019818732959214277556657985669441215300322011-12-3127.03%20.00%19.46%23.02%0.514615.0882.11.342.840.541.42391.3951.17810.3840.277413.1%424100
2011-11-24201134.123.76-2.99%9.29%23158366162441463084144691434714510785960.06130.1902162310284574665-11656363106088919154944486982871742854605405907246583556665805670755218729982011-09-3025.17%20.50%20.00%25.04%0.4757-2.061.52.570.722.05112.02191.59110.39250.281834.7%55294
2011-08-25201123.913.010.0382.70%6.30%189602538466054303429838303137537314510.05530.1289156959464051775-11644171688654732961546141283987144307501834334170556724825672936193431632011-06-3027.29%23.07%22.70%27.09%0.421-2.051.512.260.752.39112.35642.01410.3480.258144.7%64086
2011-05-26201113.933.37-3.60%3.60%195058019505805534885534884176984176980.07360.0736149463423261612-1168473046163827106471642836849434532387368322421756736295673629199711742011-03-3131.06%28.66%28.38%24.53%0.3973-2.061.512.330.742.55842.52082.18950.27910.218250.5%738101
2011-02-23201043.843.220.0443.57%12.58%15585255333103503218173145236212512765960.06380.2241147843793175672-1160870714674213189567572173516058317221462294319286626456798795697168188003992010-12-3136.42%33.09%32.29%28.04%0.360714.77182.041.492.220.682.39912.35862.11070.27360.214847.9%830110
2010-11-25201033.663.19-3.32%9.01%1202916377457841626212282343364179144710.05910.1603131320172033786-11098231113507215259582974195144546390886688305445624156944775703061192473322010-09-3035.40%34.66%34.60%19.18%0.3846-1.951.741.940.953.43873.39853.25220.18330.154980.4%81690
2010-08-26201023.722.960.0363.01%5.70%122649225716624141308119723056905780540.05360.1013115219841438306-1008367882264146216911085193433360472361580555501357078555707721170664862010-06-3038.37%33.76%33.77%26.22%0.4498-1.771.761.71.045.7585.6975.49650.14260.124899.2%81582
2010-05-27201013.152.46-2.68%2.68%134517013451703978423978422723642723640.04770.0477112737471170635681810103112394005332955230852093146105063358527267257075545707554151250182010-03-3140.42%29.58%29.58%31.57%0.4576-1.771.771.50.977.17147.09096.84640.11590.103896.9%81477
2010-02-25200942.92.510.0434.30%15.90%12755554991765469385176459335832013237010.06280.2315113460321201853692010144179162682253206637355345298361094756721203525103957073735718517155240542009-12-3140.05%36.83%36.80%23.68%0.4411.75071.771.771.540.926.6326.55776.31320.11860.105994.2%81586
2009-11-25200932.962.66-4.32%11.60%1335901371621047066712952083594569653810.06290.16871107319712671587024980603911746042292442455404542774945360699820524259457141885722235163997192009-09-3042.03%35.23%35.23%23.65%0.4556-1.711.711.680.936.04595.98025.72270.12930.114492.6%71779
2009-08-26200922.982.690.033.97%7.28%120225623803094388598245413304816059250.05770.105810416943132259771269094346738055202868130784566963535187522109508907257261225726050160331412009-06-3039.70%36.51%36.50%24.72%0.4737-1.591.591.760.95.49445.43435.20850.14550.12789.7%71674
2009-05-27200913.022.49-3.31%3.31%117805311780533856823856822754442754440.04810.0481970411710130277239869109024736169791874609339248058238871484821057253285725328153438792009-03-3137.96%32.73%32.74%28.61%0.5124-1.521.521.760.857.42857.33977.03060.11670.104489.3%81662
2009-02-25200842.891.840.044.73%7.74%1329102488670324449611270103878436343890.06740.109994229351097856733883250791713249121331427686313606818345801406894454296257508885773814128819892008-12-3142.12%18.45%18.40%-0.518620.38711.441.441.560.796.18956.11195.84810.1320.116582.7%81576
2008-11-26200832.682.14-4.16%12.47%12249093557601464788137150634059010222320.05910.176893082941234650743780736441354396392131229509305232817465271517018456934657633655780832152729172008-09-3039.15%37.93%37.94%26.74%0.5048-1.41.41.890.795.24645.17814.94720.15310.132683.6%81780
2008-08-27200822.82.160.034.69%8.32%124076923326925113259067183842816816420.06640.1177941882612520527534816677481895543258470874305124112515391180665423190657860315791655146386582008-06-3041.55%39.65%41.21%24.87%0.4872-1.411.411.790.734.75264.6884.46870.15350.132977.4%81768
2008-05-28200813.282.43-3.63%3.63%109192310919233953933953932973612973610.05020.050288756609841077643789155327310362727226203050829210376187756323858559243125924312189577982008-03-3139.19%36.35%36.21%24.82%0.4935-1.331.332.410.555.11755.02614.73250.12480.110964.3%91764
2008-02-28200743.83.060.0365.50%24.86%11412194352333431764191205934409415556540.06190.264893415161144814774181967021450955519668898562197969019706231072061305175155565575874063211149162007-12-3140.50%38.01%37.83%20.33%0.465914.34861.391.392.730.553.93013.86033.60470.13980.122657.0%81877
2007-11-22200734.263.5-10.68%19.36%11153823211114755849148029566808012115600.11910.20559855732126039778418595335974862680728643956198018916555901011634299182356094045895669201938542007-09-3041.24%69.18%67.77%11.63%0.4362-1.461.462.470.533.44593.38973.06930.14680.127955.5%82771
2007-08-23200723.93.60.02884.89%8.69%103187820957323890307244463058335434800.05280.09168863033160060379407262430604477117781306261980232486696456070243630257879595930377200263382007-06-3039.23%34.98%37.70%21.41%0.4716-1.221.222.840.423.25193.18792.83330.22060.180646.3%82772
2007-05-2420071N/AN/A-3.80%3.80%106385410638543354163354162376472376470.04010.0401858430717801048037680420339022572539114901980264317686329176230944059282125928212205116132007-03-3138.05%34.76%31.53%29.18%0.4714-1.151.153.010.393.49663.4233.15060.26190.207445.2%81878
2007-02-2820064N/AN/A0.03N/AN/A1088121380849323740611386771479579458500.13500.8635837232721146898136625763813249465507644925827139137741821266764198067710962091095421160046512006-12-3142.61%39.24%21.82%37.72%0.454916.90885.715.712.561.813.1563.08082.79640.33840.252640.1%81985
2006-11-2320063N/AN/A-N/AN/A99583527203724446879012713775347978930.34480.728584100422210248823361997948938202182606775017144736755601353061206753410949741095196121542112006-09-3040.77%37.05%44.65%15.12%0.3235-5.655.651.961.893.19523.12182.8480.3570.262858.6%1227103
2006-08-3020062N/AN/A0.12N/AN/A89921517245372570484565841768794203590.16140.383869660271059024833159070034718201581782996367144273136421400672843310955661095187128181222006-06-3039.91%35.40%28.59%31.23%N/A-5.395.392.170.661.45641.37721.08390.17950.152N/A-N/AN/A
2006-05-3120061N/AN/A-N/AN/A8253228253221995361995362434802434800.22240.22247119899128241684335837483167541892962589714648782458083479548210947391094739144505542006-03-3133.65%30.57%24.18%-N/A-5.325.322.480.731.20851.14990.88420.220.1801N/A-N/AN/A

Financial Quarter Balance Sheet
yearqrtAvailable-for-sale financial 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)Leasehold land use rights (A-0)Other investments (A-0)Property, plant and equipment (A-0)Receivables (A-0)Amount due from associated companies (A-1)Amount due from jointly controlled entity (A-1)Available-for-sale financial assets (A-1)Cash and cash equivalents (A-1)Current asset classified as held for sales (A-1)Financial assets at fair value through profit and loss (A-1)Inventories (A-1)Restricted cash (A-1)Trade receivables (A-1)Deferred tax liabilities (L-0)Loans & borrowings (L-0)Other liabilities (L-0)Amount due to associated companies (L-1)Amount due to immediate holding company (L-1)Amounts due to Group Companies (L-1)Amounts due to Jointly Controlled Entities (L-1)Current tax liabilities (L-1)Dividend payable (L-1)Loans & borrowings (L-1)Trade and other payables (L-1)Minority interest (M-1)
20122140606719184314855-131701525942184534--50387692652441578818987710382810659-42087492679793290508144027000771904155323715720-261341275402040794649321339208-
20121208224912794270172-129261502481184534--4921123256655163741860250025215752823603694317619876933512128105359475271847785348414799-2560686892-1788221262383-
2011416082201377433232024445132271562290184534--47978992572571668318862500252142775-65043757846240775486808166889705551765264337224752-3203695018-8291811591597-
201131726958350315420325284132211236775184534--43977902578292440523758358222465835-60922745516974611072713821518103420616715449560-16975256571619411612308225371313887-
201121972963328309552325879150351052679184534--426075984772384663502500253341705-732607357461398469702582818892398917511642021-1357525526199751186862679250977497-
20111213906026573090023151715664302563184534--428223774581907220250025322421719658873337241464950559838582677834635416516741573-1397925511170864-677927993459-
20104237144526303144542152117228304008181534--437477675052024120250025286626419658907857386564581441251882906534630117493053414-1620425637121098-701781907242-
201032180638731190199-1316305454181534--34880455622620783202500254456241196587936866872632256203309258896-10898587280-13987-126957153000618700665981-
20102124652713311576-1481328107181534--35014422990525085202500255555013-13373265912-191492255232-10261886212-14336-199868183776-596264-
2010113683919611576-1452335680181534--35318833286421772202504425272672-2390165212-176252256612-10381979557-14743-166958--5489466818
20094127012813311576-1460337206181534-4107143561473340041811120-5251039-2060562026-186003262419-10441854125-14152-131439--6353006920
200931275175---1917161211815349129436373535332251211418847--3097815-220098560887-219548237108-10412657095---151907128185-5887377024
20092704410---1950162481815349157041978135780311184215851--2870095-225988059164-206587241530-9613970169---212932171534-5302937126
20091405781---1999163021815349183825564436092631135216230--2870278-198535761278-197261231828-9055850931---183987--4557237239
20084415039---1864165521815349435724280136384911135215332--27947934582176018760497-185554227666-9130366915---170738--5412347338
20083491771---17801662118611794626317036508971064718769--2920997-165492463190-194785216629-9306957764---176658127750-5627807437
20082957021---16471678018611794901317036483691010228739--2790943-144096361126-178948212483-9256478686---213268152553763504261487534
20081898949---135016940186117951875083493657013966719227--2129044-110954162559-181717207447-9232856873---145851-763504052587643
200741505362---119417910186117954715355023663449924128074--2256871-79488059099-188346202984-9522659747---119622-1750584921777741
200732133441---119421085186117957555470193512248-23173--2190001-80182254795-289082190835-9482059060---1387891203672175604389667841
20072235445---20167022127418611796048-3511122-22378--1325849-111045355111-2825341935294604948668854134---158278125067800244423897940
20071236130---19890462146318611796319-3492140-19089--1225660-108378053982-1805811858217743778689076550---130214-859134403398037
20064241869---20716252165318611796601-3519084-15203--1127293-85338453273-18622518796411268839155058074---83260-878134791458136
20063252088---208241621842186117--3547902-12201--1049860-101775153272-18659317840512222868355958881---6749994475915884135558233
20062252663---199595922519186117--3529915-6805--260660-46785053270-1902691814731338627158949941---73328110213912783473408331
20061254699---205773922148211034--3486975-8547--398343-39721652720-2304781762181341537233345860---97493-3861173702428433

Financial Quarter Income Statement
yearqrtRevenueIncome tax expenseCost of salesFinance/interest costsOther incomeAdministrative/Operating expensesMinority interestShare of profit/ (loss) of associatesImpairment lossGain/Loss on disposal of investment in an associateReliasation of translation loss on disposal of an equity investmentGain/loss on dilution of equity investment in associateShare of net profit of jointly controlled entity
20122211948214270312757281101637972232207-00----
20121190380110787713341311240132187207228-13335020----
20114233124510445317011201153729139183189-7459901---158
20113231583611593917329081072135007141798-4231316---593
2011218960251165891378565619843668123653-2910---644
201111950580135790134481737983440577192-4613863---1366
20104155852514109399085341925700410897403310---7961
2010312029167984577706544442218511980-0---165
201021226492108594755948-3123487677154-0---29
201011345170125580801485-2710162060102-110876---8
200941275555111169764656-2093561992104-0---457
200931335901111313774407-2590568119102-48580---33
200921202256108491725017-2123159562113-0---49
200911178053110337730847-314696039399-32735---135
2008413291021434467692971377866135099-781502-682-84
200831224909124295745406014848-97-----133
20082124076912715372526613470658283109---19102-298
200811091923981306639491643277225881598-----155
2007411412198777067903020003565864083100--0-00
2007311153828786865538033350311643-99-----17554
200721031878832946270863110218346569997----031213
200711063854978686590943480226875769599----6321094066
200641088121895466244784289255416221397-----185276
2006399583567251589841277086384565998-----78484
20062899215802715403433696935049940102-----57538
20061825322438495475706305199804541495-----46477

Financial Quarter Segments Revenue
yearqrtOthersProperty developmentLeisure & Hospitality in MalaysiaLeisure & Hospitality in UK & OthersLeisure & Hospitality in United States of America & Others
2012213175189091397810472879216709
2012113448181311310549343279218394
2011412819103991377051288781642195
20113172321029213890693322801194628
20112982877021328344187064-
201111025657171323366346663-
201041107170981351992188364-
201031192558241185167--
201021831558171202360--
201011062056691328881--
20094137609691260826--
20093107459081324248--
20092337349891170203--
20091463710031169743--
20084464010521323410--
2008343857671219757--
20082117057421228322--
20081367624781085769--
20074314658661132207--
2007334477261111209--
2007240598381026981--
20071987214381052544--
20064321613801083525--

Financial Quarter Segments Profit
yearqrtOthersProperty developmentLeisure & Hospitality in MalaysiaLeisure & Hospitality in UK & OthersLeisure & Hospitality in United States of America & Others
2012213801432256038513011560654
2012197714388462031344571246
20114919121485342445531817288
20113328070545228963069954326
20112324225675182587781-
201112268364953028975855-
20104557280655919618273-
2010357502899407704--
2010230644485472263--
201018335011541246--
200947803971442940--
200936842153495408--
200922090610400187--
2009131223060389095--
20084524410505747--
200831985653431119--
20082155131192467150--
200811117918371266--
2007411712158403776--
2007351811096403370--
200723585115338985--
200715116654348399--
200648972152401881--

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


CHANGES IN SHAREHOLDING
ANNUAL REPORTS


HISTORICAL


CHANGES IN SHAREHOLDING


ARCHIVES


CHANGES IN SHAREHOLDING





CHANGES IN SHAREHOLDING

No comments:

Post a Comment