KLCI Stock - TSH / 9059 - 2012 Quarter 2

TSH RESOURCES BERHAD


Company Description

TSH RESOURCES BERHAD is a Malaysia-based company engaged in investment holding, marketing of cocoa beans and the operation of a forest management unit. The Company's segments are palm and bio-integration, wood product manufacturing and trading, and reforestation, and cocoa manufacturing and trading. The palm and bio-integration segment is engaged in the operation of oil palm plantations, manufacture and sale of crude palm oil and palm kernel, and generation and supply of electricity from a biomass plant. The wood product manufacturing and trading, and reforestation segment is engaged in the manufacturing and selling of sawn timber and downstream wood products, and operation of a forest management unit. The cocoa manufacturing and trading segment is engaged in the manufacturing, selling and trading of cocoa products. The Company has operations in Malaysia, Spain, Luxembourg, France, the United States, Indonesia and Singapore. In August 2008, it purchased TSH Sukuk Ijarah Sdn. Bhd.

Company Info

Listing Date	1994-01-31
Market Capital (Capital Size)	1,934,871,625 (Large)
Par Value	RM 0.50
Board	Main
Sector	Plantation
Major Industry	Oil Palm & Others Crop
Sub Industry	Wood Product
Website	http://www.tsh.com.my/

My Analysis

Forecast P/E now	(2.3-0.035)/0.1064 = 21.29 (Moderate)
Target Price	2.38+0.035 = 2.42 (PE 22.4, EPS 0.1064, DPS 0.035)
Decision	Not interested unless CPO price rebound or stock price sustain and uptrend above SMA5 and SMA10
Comment	Revenue increased 22.7% but lower than preceding year corresponding quarter 15.4%, eps decreased 2.7% and was fourth consecutive quarter decreasing (lower than preceding year corresponding quarter 59.1%), cash generated from operating enough to cover financing expenses but not for investing expenses hence spent 20.1% of Group cash to cover, gross profit dropped below 24%, although low liquidity ratio but Group assets is very liquid to meet current obligation, high gearing ratio due to more investment but is more high risk during business decline, all accounting of inventory turnover, receivables collection and payables payment period is good, affect by CPO price downtrend and competition from Indonesia
First Support Price	2.3
Second Support Price	2.15
Risk Rating	HIGH

Research House

Jupiter Target Price	2.88 (2012-02-27)
Maybank Target Price	2.35 (2012-08-23)
MIDF Target Price	2.24 (2012-08-24)
HLG Target Price	2.65 (2012-09-18)
OSK Target Price	2.92 (2012-09-18)
HwangDBS Target Price	2.25 (2012-10-05)
AMMB Target Price	2.75 (2012-10-15)
Kenanga Target Price	2.8 (2012-10-15)

Accounting Ratio

Return on Equity	10.30%
Dividend Yield	1.52%
Gross Profit Margin	23.94%
Operating Profit Margin	9.29%
Net Profit Margin	7.27%
Tax Rate	15.37%
Asset Turnover	0.5247
Net Asset Value Per Share	1.06
Net Tangible Asset per share	1.0
Price/Net Tangible Asset Per Share	2.59
Cash Per Share	0.05
Liquidity Current Ratio	0.8495
Liquidity Quick Ratio	0.4245
Liquidity Cash Ratio	0.0785
Gearing Debt to Equity Ratio	1.2372
Gearing Debt to Asset Ratio	0.5263
Working capital per thousand Ringgit sale	-6.8%
Days to sell the inventory	97
Days to collect the receivables	52
Days to pay the payables	54

Technical Analysis

SMA 10	2.253 (Uptrend)
SMA 20	2.243 (Downtrend 1 day)
SMA 50	2.396 (Downtrend)
SMA 100	2.419 (Uptrend)
SMA 200	2.296 (Uptrend)
MACD (26d/12d)	-0.025171 ( 0.005228 )
Signal (9)	-0.046433 ( 0.005316 )
MACD Histogram	0.021262 (Bullish trend 10 days)
Bolinger Upper Band	2.438
Bolinger Lower Band	2.048

My notes based on 2012 quarter 2 report (number in '000):-
- Lower revenue and pbt than FY11Q2 due to the Palm & Bio-integration segment arising from the lower FFB production and lower average CPO price, foreign exchange loss of RM5.4 million as compared to foreign exchange gain of RM5.5 million and jointly controlled entity was affected in the current quarter due to competition from Indonesia oil refineries based on their advantage of export tax structure

- Higher revenue than FY12Q1 mainly due to higher capacity utilisation of processing plants as FFB production and higher average CPO price but lower pbt mainly attributed to higher foreign exchange loss and lower contribution from jointly controlled entities

- Estimate next 4Q eps after 2012 Q2 result announced = 968254*0.09/818930 = 0.1064, estimate PE on current price 2.3 = 21.29(DPS 0.035)
- Estimate next 4Q eps after 2012 Q1 result announced = 949491*0.1/818930 = 0.1159, estimate highest/lowest PE = 24.46/17.56 (DPS 0.035)
- Estimate next 4Q eps after 2011 Q4 result announced = 949709*0.15/818617 = 0.174, estimate highest/lowest PE = 14.97/11.87 (DPS 0.035)
- Estimate next 4Q eps after 2011 Q3 result announced = 0.0841*4/2 = 0.1682, estimate highest/lowest PE = 13.32/10.49 (DPS 0.03)
- Estimate next 4Q eps after 2011 Q2 result announced = 0.0876*4*0.9 = 0.3154, estimate highest/lowest PE = 12.18/8.56 (DPS 0.06)
- Estimate next 4Q eps after 2011 Q1 result announced = 0.0583*4*0.9 = 0.2099, estimate highest/lowest PE = 15.2/13.29 (DPS 0.06)
- Estimate next 4Q eps after 2010 Q4 result announced = 0.2068*4*1.2 = 0.2482, estimate highest/lowest PE = 11.2/10.44 (DPS 0.06)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.0444*4*1.1 = 0.1954, estimate highest/lowest PE = 14.84/11.41 (DPS 0.05)
- Estimate next 4Q eps after 2010 Q2 result announced = 0.033*4 = 0.132, estimate highest/lowest PE = 21.21/13.94 (DPS 0.05)
- Estimate next 4Q eps after 2010 Q1 result announced = 0.1938*0.95 = 0.1841, estimate highest/lowest PE = 10.59/8.8 (DPS 0.05)
- Estimate next 4Q eps after 2009 Q4 result announced = 0.1802*1.1 = 0.1982, estimate highest/lowest PE = 10.65/8.78 (DPS 0.05)
- Estimate next 4Q eps after 2009 Q3 result announced = 0.0568*4*0.95 = 0.2158, estimate highest/lowest PE = 10.66/7.92 (DPS 0.05)
- Estimate next 4Q eps after 2009 Q2 result announced = 0.055*4*0.8 = 0.176, estimate highest/lowest PE = 10.97/8.35 (DPS 0.05)

TSH latest news (English)

TSH 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
2012-08-22	2012	2	N/A	N/A	-	1.54%	3.13%	278984	506362	20270	43324	14625	29679	0.0179	0.0362	2044054	1075800	98680	968254	9219	88566	65897	65020	97785	31888	33132	818930	818930	2121028	2012-06-30	23.94%	9.29%	7.27%	15.37%	0.5247	-	1.06	1.0	2.59	0.05	0.8495	0.4245	0.0785	1.2372	0.5263	-6.8%	97	52	54
2012-05-21	2012	1	2.87	2.07	-	1.59%	1.59%	227378	227378	23054	23054	15054	15054	0.0184	0.0184	2005512	1056021	98197	949491	9623	44999	39229	67759	54622	15393	52366	818930	818930	1736131	2012-03-31	28.41%	10.72%	10.14%	22.17%	0.5602	-	1.04	0.98	2.16	0.07	0.8585	0.4571	0.1209	1.2405	0.5266	-6.2%	88	48	52
2012-02-22	2011	4	2.64	2.1	0.035	3.09%	14.26%	292941	1148635	30055	162362	26149	120538	0.0319	0.1471	2007861	1060478	98967	947383	154449	153265	17019	78721	1184	15835	62886	818617	819462	1760026	2011-12-31	25.48%	10.87%	10.26%	11.21%	0.5721	14.6165	1.04	0.97	2.22	0.08	0.746	0.4314	0.1156	1.25	0.5282	-13.0%	80	45	59
2011-11-17	2011	3	4.08	1.8	-	4.08%	11.17%	273148	855694	47034	132307	34471	94389	0.0841	0.2302	1947840	1002912	104506	944928	122753	80524	63561	79095	42229	21332	57763	409992	409992	1475971	2011-09-30	30.79%	17.83%	17.22%	19.10%	0.5657	-	2.05	1.93	1.87	0.14	0.6598	0.3518	0.0964	1.1933	0.5149	-18.7%	83	43	68
2011-08-19	2011	2	3.9	2.76	-	4.26%	7.09%	329947	582546	51633	85273	35964	59918	0.0876	0.1460	1867341	943672	100169	923669	60947	40271	64541	85586	20676	43865	41721	410349	410349	1292599	2011-06-30	26.92%	16.66%	15.65%	21.32%	0.5586	-	2.01	1.88	1.68	0.1	0.6643	0.34	0.0708	1.1459	0.5054	-19.1%	89	50	61
2011-05-18	2011	1	3.25	2.85	-	2.83%	2.83%	252599	252599	33640	33640	23954	23954	0.0583	0.0583	1856927	980794	95105	876133	5667	22164	16073	80440	16497	32570	47870	410562	410562	1157784	2011-03-31	24.59%	12.43%	13.32%	21.17%	0.4957	-	1.9	1.78	1.58	0.13	0.5897	0.3018	0.076	1.2558	0.5282	-30.5%	102	50	63
2011-02-23	2010	4	2.84	2.65	0.06	5.33%	10.34%	246210	908427	42585	105325	43456	84281	0.1057	0.2049	1866403	1021334	92764	845069	120485	200747	92838	66053	80262	12576	78629	411229	411229	1139104	2010-12-31	17.79%	15.07%	17.30%	-	0.4867	13.5156	1.83	1.71	1.62	0.2	0.6793	0.3613	0.1279	1.3576	0.5472	-22.7%	105	54	72
2010-11-18	2010	3	2.95	2.28	-	2.24%	5.01%	214265	662217	27131	62746	18242	40831	0.0444	0.0993	1794417	976461	89749	817956	55293	148634	82322	59387	93341	11019	48368	411055	411055	1060521	2010-09-30	27.94%	15.57%	12.66%	22.69%	0.5319	-	1.77	1.65	1.56	0.12	0.7888	0.4137	0.0952	1.3409	0.5442	-11.6%	96	55	55
2010-08-26	2010	2	2.86	1.89	-	1.39%	2.77%	207476	447952	17697	35615	11328	22589	0.0276	0.0550	1791744	961833	90055	829911	41359	123631	86284	58957	82272	4012	62969	410908	410908	793052	2010-06-30	22.61%	11.52%	8.53%	32.71%	0.5268	-	1.8	1.68	1.15	0.16	0.9257	0.4579	0.1397	1.3	0.5368	-3.6%	103	51	54
2010-05-19	2010	1	2.0	1.67	-	1.38%	1.38%	240476	240476	17918	17918	11261	11261	0.0274	0.0274	1723994	904598	87630	819396	31030	49309	24796	60451	18279	6517	66968	411450	411450	740610	2010-03-31	18.92%	8.18%	7.45%	30.87%	0.5653	-	1.78	1.66	1.08	0.17	0.9543	0.4897	0.1506	1.2362	0.5247	-2.1%	96	50	52
2010-02-25	2009	4	2.16	1.79	0.05	3.04%	10.09%	292296	988662	30081	92213	22367	74207	0.0543	0.1802	1725094	909864	87102	815230	134690	193943	97966	20074	59253	38713	58787	411722	411722	831678	2009-12-31	16.48%	12.12%	10.29%	14.51%	0.5314	11.2075	1.77	1.65	1.22	0.14	0.9975	0.4816	0.1306	1.2496	0.5274	-0.1%	113	57	70
2009-11-05	2009	3	2.35	1.76	-	3.18%	7.05%	203669	696366	26877	62132	23433	51840	0.0568	0.1257	1586974	797329	85544	789645	64568	162076	78918	35087	97508	18590	16497	412409	412409	709343	2009-09-30	22.97%	15.53%	13.20%	7.44%	0.4974	-	1.71	1.61	1.07	0.06	1.0667	0.5178	0.0636	1.1324	0.5024	3.2%	125	74	53
2009-08-06	2009	2	1.98	1.72	-	3.09%	3.86%	238141	492697	30619	35498	22701	28407	0.0550	0.0689	1547843	765694	89057	782149	65042	100836	52177	23017	35794	16383	39400	412409	412409	717591	2009-06-30	15.14%	12.38%	12.86%	12.60%	0.5864	-	1.68	1.58	1.1	0.12	1.3425	0.6846	0.1536	1.1048	0.4947	12.0%	105	61	47
2009-05-20	2009	1	1.94	1.52	-	0.78%	0.78%	182604	182604	5344	5344	5706	5706	0.0138	0.0138	1498440	758029	81625	740411	2286	13306	44912	14933	11020	33892	48825	412096	412096	717047	2009-03-31	19.05%	5.78%	2.93%	10.65%	0.673	-	1.6	1.5	1.16	0.14	1.5257	0.8075	0.1933	1.1506	0.5059	15.8%	98	63	39
2009-02-25	2008	4	1.81	1.31	0.05	3.45%	8.32%	164913	1109941	29630	82273	24903	60000	0.0603	0.1453	1419952	684148	82415	735804	15230	187757	169928	17945	172527	2599	15346	412919	412919	586344	2008-12-31	35.23%	12.90%	17.97%	-	0.7817	9.7724	1.58	1.49	0.95	0.05	1.068	0.4406	0.0511	1.0471	0.4818	2.4%	99	45	36
2008-11-06	2008	3	1.6	1.26	-	3.41%	11.78%	322035	945028	32127	111903	24604	84903	0.0593	0.2045	1457146	669670	94043	787476	13313	132933	140254	27604	146246	5992	21612	415132	415132	547974	2008-09-30	16.56%	9.87%	9.98%	20.12%	0.8155	-	1.67	1.59	0.83	0.07	1.4204	0.7613	0.0793	0.9657	0.4596	12.9%	90	69	35
2008-08-07	2008	2	2.32	1.1	-	4.10%	8.37%	338857	622993	43662	83835	29538	60300	0.0711	0.1452	1415737	625390	94285	790347	70452	82259	140967	29994	152711	11744	18250	415289	415289	963470	2008-06-30	15.28%	10.24%	12.89%	22.46%	0.7803	-	1.68	1.59	1.46	0.06	1.5472	0.8144	0.077	0.8985	0.4417	17.1%	103	76	36
2008-05-21	2008	1	3.34	2.27	-	4.27%	4.27%	284136	284136	40173	40173	30762	30762	0.0741	0.0741	1273891	519047	89575	754844	21587	37961	55747	29030	59548	3801	25229	415362	415362	1329158	2008-03-31	18.91%	11.85%	14.14%	14.56%	0.7668	-	1.6	1.52	2.11	0.08	1.5378	0.8453	0.1092	0.7802	0.4075	16.0%	96	73	41
2008-02-15	2007	4	3.36	2.57	0.065	5.42%	18.04%	243262	861542	35491	121969	28506	94881	0.0720	0.2397	1188118	467270	86327	720848	47661	169457	127041	26153	121796	5245	31398	395825	395825	1290389	2007-12-31	23.43%	13.92%	14.59%	9.80%	0.7251	13.6001	1.6	1.51	2.16	0.1	1.6301	0.8882	0.1566	0.7364	0.3933	17.6%	98	67	45
2007-11-15	2007	3	3.88	2.96	-	4.87%	12.62%	238410	618280	33014	86478	25603	66375	0.0657	0.1704	1099158	431054	80696	668104	54072	127514	89760	13954	73442	16318	30272	389530	389530	1207543	2007-09-30	20.65%	12.85%	13.85%	9.81%	0.7126	-	1.51	1.41	2.2	0.09	1.7965	1.0057	0.1867	0.7338	0.3922	19.2%	92	68	44
2007-08-16	2007	2	3.14	2.98	-	4.39%	7.75%	211057	379870	30596	53464	23081	40772	0.0604	0.1066	1068344	410770	76516	657574	43999	97813	89929	15259	53814	36115	51374	382393	382393	N/A	2007-06-30	23.58%	14.45%	14.50%	10.58%	0.51	-	1.52	1.42	N/A	0.17	1.3132	0.8268	0.2548	0.7069	0.3845	14.7%	112	93	60
2007-05-24	2007	1	N/A	N/A	-	3.36%	3.36%	168813	168813	22868	22868	17691	17691	0.0472	0.0472	880184	354809	73341	525375	10658	20932	6526	15670	10274	3748	11922	374657	374657	925402	2007-03-31	22.92%	12.32%	13.55%	9.55%	0.3792	-	1.21	1.14	2.17	0.05	1.3537	0.7678	0.0855	0.7849	0.4031	22.3%	184	146	79
2007-02-28	2006	4	N/A	N/A	0.05	N/A	N/A	164958	624652	20615	67312	22032	63722	0.0594	0.1717	900773	374873	71314	525900	90814	148926	64723	8657	58112	6611	15268	371055	371055	497213	2006-12-31	30.81%	14.24%	12.50%	-	0.1831	7.8029	1.23	1.16	1.16	0.05	1.3135	0.753	0.0802	0.8246	0.4162	42.8%	404	314	251

Financial Quarter Balance Sheet

year	qrt	Biological 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 securities (A-0)	Leasehold land use rights (A-0)	Property, plant and equipment (A-0)	Receivables (A-0)	Cash and cash equivalents (A-1)	Current tax assets (A-1)	Derivative assets (A-1)	Inventories (A-1)	Investment securities (A-1)	Trade receivables (A-1)	Deferred income (L-0)	Deferred tax liabilities (L-0)	Loans & borrowings (L-0)	Retirement benefits obligations (L-0)	Current tax liabilities (L-1)	Derivative liabilities (L-1)	Loans & borrowings (L-1)	Trade and other payables (L-1)	Minority interest (M-1)
2012	2	591574	5391	50235	57756	61039	22550	127346	706511	7988	38244	16604	-	206930	36	151850	66678	74657	444276	3222	1741	2131	368200	114895	98680
2012	1	555797	3920	50235	57433	74454	22550	126134	687840	7805	59031	16154	962	196019	42	147136	67907	74865	421588	3222	11929	2598	357656	116256	98197
2011	4	544869	4518	50235	57440	68398	22550	130579	682970	7934	67949	17707	27362	184823	45	140482	69135	76736	323754	3222	11800	25010	415914	134907	98967
2011	3	553375	3822	50779	57260	63608	22550	129014	657133	9801	58516	16505	9931	186906	42	128598	70364	75748	248010	1813	13221	1714	438890	153152	104506
2011	2	509624	2416	50679	57057	59485	22550	124260	637965	9454	41963	15104	1747	192212	50	142775	71593	72964	204390	1813	9592	1925	449086	132309	100169
2011	1	487052	2475	50679	56746	69298	22550	125282	630217	9396	51986	15676	11857	196812	52	126849	72822	71402	150994	1813	9577	77	551716	122393	95105
2010	4	466264	2427	50679	59137	60817	22550	126854	630270	10407	82259	15169	1716	204513	58	133283	74050	71108	231090	1813	6911	5746	490433	140183	92764
2010	3	443503	2778	49442	58672	48885	22616	127696	616202	9776	50063	13028	10003	197305	-	144448	75279	79273	296005	-	5489	264	406901	113250	89749
2010	2	431175	2326	49513	58355	49425	22614	131274	612921	9953	64006	14019	300	214353	-	131510	76508	79127	347970	-	4205	529	341587	111907	90055
2010	1	413904	2573	46815	24825	50155	17598	-	719999	14829	68379	14321	7201	210955	-	132440	77737	73680	299147	-	10861	-	329896	113277	87630
2009	4	403229	2940	46789	24514	46668	17536	-	718959	14505	58888	16051	-	232650	70	142295	78392	74004	306403	-	9612	-	296621	144832	87102
2009	3	369264	2325	41364	24095	61551	17536	176808	478665	8093	24277	13630	-	209531	54	159781	77938	68379	269220	-	6470	-	286268	89054	85544
2009	2	328291	3920	41460	23596	61629	17586	178348	458936	8331	48722	15551	-	208577	54	152842	77749	68522	302293	-	5242	-	218715	93173	89057
2009	1	288006	3735	39916	23309	59171	150	175398	437280	7585	58788	12661	-	218314	54	174073	75891	69972	308108	-	2427	-	215750	85881	81625
2008	4	272897	2240	39975	23148	60938	150	174547	427047	7248	19712	12085	-	241826	54	138085	56060	69964	172592	-	2285	-	295142	88105	82415
2008	3	251880	1993	34830	22838	64801	150	160347	402645	-	28896	25514	-	240032	160	223060	57824	66652	180738	-	14119	-	257285	93052	94043
2008	2	229365	1992	34852	48	61532	10150	157171	386410	-	26576	23300	-	252862	160	231319	57468	66143	156508	-	11144	-	245350	88777	94285
2008	1	212524	1992	33145	48	52179	10150	152160	365614	-	31664	18296	-	200729	160	195230	54530	62390	112051	-	3724	-	199885	86467	89575
2007	4	204502	2471	34896	48	44913	10150	152075	345971	-	37773	18779	-	178750	160	157630	55343	62841	107945	-	5607	-	153243	82291	86327
2007	3	179262	141	38136	48	42784	10150	149421	340216	-	35228	8089	-	149066	160	146457	55001	65118	122232	-	3139	-	113133	72431	80696
2007	2	169454	631	38134	48	37556	10150	150893	325418	-	65202	7875	-	124315	160	138508	52167	64074	38629	-	2738	-	186630	66532	76516
2007	1	127124	2126	23424	48	24784	10150	93944	314182	-	17953	10072	-	122927	160	133290	52167	51793	40751	-	2375	-	154861	52862	73341
2006	4	136712	3002	23365	48	31016	10150	104145	296271	-	18086	9874	-	126179	160	141765	50046	56352	43073	-	3932	-	143056	78414	71314

Financial Quarter Income Statement

year	qrt	Revenue	Income tax expense	Cost of sales	Finance/interest costs	Other income	Administrative/Operating expenses	Minority interest	Finance/interest income	Share of profit/ (loss) of associates	Foreign exchange (loss)/gain	Share of net profit of jointly controlled entity
2012	2	278984	3116	212206	7556	5847	46706	2529	-	323	-	1584
2012	1	227378	5112	162778	7381	3297	43511	2888	-	7	-	6056
2011	4	292941	3370	218309	7231	462	42333	536	-	808	-	4641
2011	3	273148	8984	189033	5986	11769	47170	3579	-	183	-	4123
2011	2	329947	11009	241135	6314	8895	42736	4660	-	290	-	2686
2011	1	252599	7121	190490	6365	11674	42390	2565	-	131	-	8481
2010	4	246210	2962	202401	6839	12902	19611	2091	-	392	-	11932
2010	3	214265	6156	154401	5961	10856	37364	2733	-	276	-	540
2010	2	207476	5788	160563	5978	8964	31977	581	-	472	-	697
2010	1	240476	5531	194966	5559	5766	31598	1126	-	311	-	3488
2009	4	292296	4366	244140	6316	23996	43281	3348	-	253	6547	726
2009	3	203669	1999	156884	5174	14781	29937	1445	-	499	-	77
2009	2	238141	3859	202092	2946	2010	17954	4059	631	287	9376	3166
2009	1	182604	569	147814	3606	5660	29894	931	-	161	-	1767
2008	4	164913	155	106806	4809	15658	76583	4882	-	310	18449	3864
2008	3	322035	6464	268708	3226	3354	22385	1059	-	290	2502	3269
2008	2	338857	9808	287063	2815	1875	18954	4316	453	-	-	11309
2008	1	284136	5848	230413	3126	1715	21772	3563	263	-	-	9370
2007	4	243262	3479	186269	2347	4614	26598	3506	218	-	1149	3760
2007	3	238410	3238	189173	2277	467	19060	4173	697	-	-	3950
2007	2	211057	3236	161297	2926	1200	20467	4279	526	-	-	2503
2007	1	168813	2184	130121	2561	488	18377	2993	114	-	-	4512
2006	4	164958	5236	114134	4415	2011	29343	3819	953	-	-	585

Financial Quarter Segments Revenue

year	qrt	Others	Palm & Bio-Integration	Wood product manufacturing & forestation	Cocoa manufacturing
2012	2	6969	260522	11493	-
2012	1	10158	206954	10266	-
2011	4	-	270546	7524	9544
2011	3	-	257139	10242	11094
2011	2	-	299182	15018	15747
2011	1	-	209044	16802	26753
2010	4	-	203007	14875	29561
2010	3	-	179319	17074	17872
2010	2	-	167781	15944	23751
2010	1	-	207550	19503	13423
2009	4	-	252615	15656	24025
2009	3	-	158635	16355	28679
2009	2	-	246930	18787	44376
2009	1	-	132628	17563	32413
2008	4	-	123794	20706	31699
2008	3	-	231087	34736	56212
2008	2	-	261775	32097	44985
2008	1	-	208632	36290	39214
2007	4	-	176672	41159	38146
2007	3	-	161872	41501	35037
2007	2	-	134621	46336	30100
2007	1	-	100241	37023	31549
2006	4	-	115007	45893	21018

Financial Quarter Segments Profit

year	qrt	Others	Palm & Bio-Integration	Wood product manufacturing & forestation	Cocoa manufacturing
2012	2	686	34048	536	-
2012	1	696	31349	1	-
2011	4	-	42515	3607	230
2011	3	-	54421	902	977
2011	2	-	58806	286	252
2011	1	-	35935	415	3053
2010	4	-	37175	2267	8017
2010	3	-	32368	369	4464
2010	2	-	23717	1412	5505
2010	1	-	29523	1128	5272
2009	4	-	32112	457	2568
2009	3	-	21583	2539	2036
2009	2	-	21445	444	2469
2009	1	-	20427	944	47
2008	4	-	18375	4355	5836
2008	3	-	28668	1348	4242
2008	2	-	29028	1933	6445
2008	1	-	26387	4942	5580
2007	4	-	27079	4677	7322
2007	3	-	23067	5465	3284
2007	2	-	22938	5539	3400
2007	1	-	14446	5279	3047
2006	4	-	18894	4685	1522

Monthly Business Data

year	mth	Crude Palm Oil	Palm Kernel
2012	8	15669	3760
2012	7	16127	3791
2012	6	14768	3488
2012	5	13342	3290
2012	4	12985	3220
2012	3	13042	3310
2012	2	12414	3069
2012	1	13848	3424
2011	12	15344	3758
2011	11	15177	3503
2011	10	16559	3930
2011	9	16160	3702
2011	8	15005	3549
2011	7	17555	4194
2011	6	18918	4568
2011	5	18868	4581
2011	4	17543	4313
2011	3	16036	4036
2011	2	12175	3093
2011	1	10670	2655
2010	12	11391	2828
2010	11	14958	3574
2010	10	15529	3875
2010	9	15343	3895
2010	8	15688	4261
2010	7	14517	3751
2010	6	14605	3273
2010	5	15294	3663
2010	4	15054	3536
2010	3	16695	4244
2010	2	15099	3859
2010	1	18559	4598
2009	12	21718	5185
2009	11	21244.05	5371.33
2009	10	22130.52	5588.71
2009	9	18345	4343
2009	8	16177	3803
2009	7	16858	3963
2009	6	16994	4005
2009	5	20225	4781
2009	4	18958	4702
2009	3	19145	4981
2009	2	16840	4339
2009	1	20629	5279

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 = average working capital per thousand Ringgit sale
inv_d = average days to sell the inventory, rec_d = Average days to collect the receivables

CURRENT

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●CHANGES IN SHAREHOLDING
●ANNUAL REPORTS

HISTORICAL

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●CHANGES IN SHAREHOLDING

ARCHIVES

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●CHANGES IN SHAREHOLDING