KLCI Stock - NESTLE / 4707 - 2012 Quarter 3

NESTLE (MALAYSIA) BERHAD


Company Description

NESTLE (MALAYSIA) BERHAD is an investment holding company. The Company, together with its subsidiaries, is engaged in the manufacture, marketing and sale of food products in Malaysia. The Company offers brand names, such as MILO, NESCAFE, MAGGI, NESPRAY and KIT KAT. During the year ended December 31, 2008, the Company launched MILO GOLD chocolate malt drink; the NESCAFÉ BODY PARTNER range with Kacip Fatimah and Collagen and Soya variants; NESCAFÉ 3in1 GOLD coffee mix containing freeze dried coffee; the MAGGI TASTYLITE range of low fat noodles; MILO Wafer; LACTOGEN infant formula with the addition of PREBIO1 galacto-oligosaccharide(GOS) and fructo-oligosaccharide (FOS) fibres; LACTOGEN 3 formulated milk powder for children, and LACTOGEN infant formula Bag-in-Box (BIB) 700 grams. In 2008, it re-launched the Nestlé branded range of Take-Home Tubs with Hi Calcium.

Company Info

Listing Date	1989-12-13
Market Capital (Capital Size)	15,219,050,000 (Very Large)
Par Value	RM 1.00
Board	Main
Sector	Consumer Products
Major Industry	Food & Beverages
Sub Industry	Nutrition
Website	http://www.nestle.com.my/

My Analysis

Forecast P/E now	(64.6-1.9)/2.4174 = 25.94 (Moderate)
Target Price	72.52+1.9 = 74.42 (PE 30.0, EPS 2.4174, DPS 1.9)
Decision	BUY if stock price move uptrend above SMA200 or wait rebound at lower price
Comment	Revenue decreased 0.6% and was third consecutive quarter decreasing but still higher than preceding year corresponding quarter 7.7%, eps increased 5.7% and also higher than preceding year correspnding quarter 19.7%, cash generated from operating more than enough to cover all expenses, gross margin maintain very high, liquidity ratio indicate Group can meet current obligation with short turnover period, gearing ratio indicate high leverage to generate more income, all accounting of turnover period is good, all segment business growth
First Support Price	64.0
Second Support Price	60.0
Risk Rating	MODERATE

Research House

BIMB Target Price	68.2 (2012-11-02)
Kenanga Target Price	72.1 (2012-11-02)
OSK Target Price	61.38 (2012-11-02)
CIMB Target Price	65.36 (2012-11-06)
MIDF Target Price	59.52 (2012-11-06)
TA Target Price	60.84 (2012-11-06)
Maybank Target Price	58.6 (2012-11-07)

Accounting Ratio

Return on Equity	76.38%
Dividend Yield	2.93%
Gross Profit Margin	33.64%
Operating Profit Margin	15.62%
Net Profit Margin	15.22%
Tax Rate	26.83%
Asset Turnover	2.3446
Net Asset Value Per Share	3.36
Net Tangible Asset per share	3.1
Price/Net Tangible Asset Per Share	22.42
Cash Per Share	0.47
Liquidity Current Ratio	1.1427
Liquidity Quick Ratio	0.694
Liquidity Cash Ratio	0.1285
Gearing Debt to Equity Ratio	1.5136
Gearing Debt to Asset Ratio	0.6022
Working capital per thousand Ringgit sale	2.6%
Days to sell the inventory	46
Days to collect the receivables	38
Days to pay the payables	93

Technical Analysis

SMA 10	67.324 (Downtrend)
SMA 20	67.003 (Uptrend 25 days)
SMA 50	64.196 (Uptrend)
SMA 100	61.651 (Uptrend)
SMA 200	57.762 (Uptrend)
MACD (26d/12d)	0.497854 ( 0.186683 )
Signal (9)	1.083316 ( 0.146365 )
MACD Histogram	0.585462 (Bearish trend 5 days)
Bolinger Upper Band	73.161
Bolinger Lower Band	60.845

My notes based on 2012 quarter 3 report (number in '000):-
- Higher revenue and pbt than FY11Q3 largely the result of the higher domestic sales particularly noted in the fast growing categories within the Group's portfolio namely, Confectionery, Liquid Drinks, Chilled Dairy and Ice Cream

- Higher pbt than FY12Q2 due to lower operating expenses

- Estimate next 4Q eps after 2012 Q3 result announced = (405873+87066)*1.15/234500 = 2.4174, estimate PE on current price 64.6 = 25.94(DPS 1.9)
- Estimate next 4Q eps after 2012 Q2 result announced = 640860*0.78/234500 = 2.1316, estimate highest/lowest PE = 32.04/27.3 (DPS 1.9)
- Estimate next 4Q eps after 2012 Q1 result announced = 640860*0.75/234500 = 2.0497, estimate highest/lowest PE = 31.3/24.25 (DPS 1.8)
- Estimate next 4Q eps after 2011 Q4 result announced = 640860*0.64/234500 = 1.749, estimate highest/lowest PE = 31.56/30.3 (DPS 1.8)
- Estimate next 4Q eps after 2011 Q3 result announced = 0.4691*4 = 1.8764, estimate highest/lowest PE = 29.63/24.98 (DPS 1.75)
- Estimate next 4Q eps after 2011 Q1 result announced = 1.7283*1.2 = 2.074, estimate highest/lowest PE = 22.44/21.82 (DPS 1.65)
- Estimate next 4Q eps after 2010 Q4 result announced = 1.6691*0.8 = 1.3353, estimate highest/lowest PE = 36.21/31.94 (DPS 1.65)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.4827*4 = 1.9308, estimate highest/lowest PE = 23.05/20.99 (DPS 1.5)
- Estimate next 4Q eps after 2010 Q2 result announced = 0.4271*4*1.1 = 1.8792, estimate highest/lowest PE = 23.15/20.22 (DPS 1.5)
- Estimate next 4Q eps after 2010 Q1 result announced = 1.56+0.1491+0.0357 = 1.7448(0.1491 from adjustment between 2009 Q1 eps and 2010 Q1 eps, 0.0357 from QbQ improvement adjustment), estimate highest/lowest PE = 23.21/18.52 (DPS 1.5)
- Estimate next 4Q eps after 2009 Q4 result announced = 1.56(around 4% from 1.5002), estimate highest/lowest PE = 22.12/20.54 (DPS 1.5)
- Estimate next 4Q eps after 2009 Q3 result announced = 1.4537, estimate highest/lowest PE = 23.06/21.12 (DPS 1.3)
- Estimate next 4Q eps after 2009 Q2 result announced = 1.4537, estimate highest/lowest PE = 23.65/21.78 (DPS 1.3)
- Estimate next 4Q eps after 2009 Q1 result announced = 1.5264, estimate highest/lowest PE = 21.42/17.82 (DPS 1.3)

NESTLE latest news (English)

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Cocoa price chart

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	c_asset	liab	c_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
2012-11-01	2012	3	N/A	N/A	-	19.50%	62.18%	1142994	3456644	173970	524804	127299	405873	0.5429	1.7308	1981411	981901	1193136	859297	-	788275	579192	74202	447019	52461	504990	57971	110432	234500	234500	16297750	2012-09-30	33.64%	15.62%	15.22%	26.83%	2.3446	-	3.36	3.1	22.42	0.47	1.1427	0.694	0.1285	1.5136	0.6022	2.6%	46	38	93
2012-08-30	2012	2	70.2	60.1	0.55	18.46%	42.68%	1149522	2313650	144008	350835	120495	278575	0.5138	1.1880	1959272	980075	1299736	973409	-	659536	399858	31937	340135	52461	367921	27786	80247	234500	234500	15012690	2012-06-30	33.75%	12.96%	12.53%	16.33%	2.3293	-	2.81	2.55	25.11	0.34	1.0068	0.5425	0.0824	1.9707	0.6634	0.1%	54	36	95
2012-04-25	2012	1	65.96	51.5	-	24.22%	24.22%	1164128	1164128	206827	206827	158080	158080	0.6741	0.6741	1954889	973362	1118045	786476	-	836844	75966	11273	84755	52461	64693	20062	32399	234500	234500	13099170	2012-03-31	33.14%	18.27%	17.77%	23.57%	2.2785	-	3.57	3.31	16.88	0.14	1.2376	0.6524	0.0412	1.336	0.5719	4.2%	56	39	83
2012-02-23	2011	4	57.0	54.8	1.25	14.20%	74.40%	1188961	4700994	101847	558809	87066	456301	0.3713	1.9458	2011301	1015064	1358582	914740	-	652719	581844	90683	461013	22313	491161	30148	52461	234500	234500	13085100	2011-12-31	33.62%	9.10%	8.57%	14.51%	2.1692	28.6765	2.78	2.52	22.14	0.22	1.1097	0.5439	0.0574	2.0814	0.6755	2.3%	64	37	109
2011-11-04	2011	3	57.34	48.62	-	17.33%	57.37%	1061042	3173916	138080	456962	106321	351860	0.4534	1.5005	1894295	930680	1207313	764046	-	686982	430996	45897	339855	22313	385099	45244	67557	234500	234500	11725000	2011-09-30	30.27%	13.49%	13.01%	23.00%	2.1844	-	2.93	2.67	18.73	0.29	1.2181	0.6137	0.0884	1.7574	0.6373	4.0%	60	35	96
2011-08-18	2011	2	50.5	46.9	0.55	16.04%	40.03%	1040114	2112874	127774	318881	98386	245538	0.4196	1.0471	1840735	873646	1235775	785417	-	604960	375319	24063	323797	22313	351256	27459	49772	234500	234500	11232550	2011-06-30	32.61%	12.71%	12.28%	23.00%	2.2099	-	2.58	2.32	20.65	0.21	1.1123	0.5976	0.0634	2.0427	0.6713	2.2%	54	38	100
2011-05-20	2011	1	48.2	46.48	-	23.99%	23.99%	1072760	1072760	191107	191107	147152	147152	0.6275	0.6275	1779544	804087	1011063	725583	-	768481	241235	6669	223877	22313	234566	10689	33002	234500	234500	11251310	2011-03-31	33.75%	18.26%	17.81%	23.00%	2.2919	-	3.28	3.02	15.89	0.14	1.1082	0.6275	0.0455	1.3157	0.5682	1.9%	47	38	94
2011-02-24	2010	4	50.0	44.3	1.15	6.92%	69.01%	963893	4026319	45004	465744	39259	391398	0.1674	1.6691	1778681	783869	1165345	720915	-	613336	508926	140388	366372	20147	368538	2166	22313	234500	234500	10622850	2010-12-31	34.00%	5.17%	4.67%	12.77%	2.2637	27.1408	2.62	2.36	19.19	0.21	1.0873	0.5595	0.0675	1.9	0.6552	1.6%	52	32	85
2010-10-28	2010	3	46.0	42.02	-	19.96%	62.09%	991076	3062426	132652	420740	113187	352139	0.4827	1.5017	1759887	824029	1071185	623979	-	688702	389794	58071	301359	20147	331723	30364	50511	234500	234500	10224200	2010-09-30	33.06%	13.91%	13.38%	14.67%	2.2803	-	2.94	2.68	16.27	0.22	1.3206	0.708	0.0809	1.5554	0.6087	5.0%	53	35	82
2010-08-26	2010	2	45.0	39.5	0.5	17.66%	42.13%	1050863	2071350	117470	288088	100153	238952	0.4271	1.0190	1832100	890648	1253685	812088	-	578415	216596	33820	174337	20147	182776	8439	28586	234500	234500	9258060	2010-06-30	32.98%	11.82%	11.18%	14.74%	2.1335	-	2.47	2.21	17.86	0.12	1.0967	0.5418	0.0352	2.1674	0.6843	2.0%	64	38	92
2010-04-21	2010	1	42.0	33.82	-	24.47%	24.47%	1020487	1020487	170617	170617	138798	138798	0.5919	0.5919	1802257	866123	1092056	643044	-	710201	37927	7210	20746	20147	30717	9971	30118	234500	234500	8249710	2010-03-31	33.54%	17.21%	16.72%	18.65%	2.0978	-	3.03	2.77	12.7	0.13	1.3469	0.7303	0.0468	1.5377	0.6059	5.9%	59	42	86
2010-02-25	2009	4	36.0	33.54	1.0	16.72%	68.21%	950632	3744233	99175	440261	86224	351793	0.3677	1.5002	1712717	757671	1145538	698779	-	567179	635517	256271	384789	25690	379246	5543	20147	234500	234500	7949550	2009-12-31	36.32%	11.00%	10.43%	13.06%	2.1861	22.5972	2.42	2.16	15.69	0.11	1.0843	0.5771	0.0369	2.0197	0.6688	1.6%	53	36	92
2009-10-29	2009	3	34.82	32.2	-	15.46%	51.49%	886812	2793601	106411	341086	79760	265569	0.3401	1.1325	1620124	740934	1022488	571860	-	597636	408706	162715	230745	25690	245991	15246	40936	234500	234500	7785400	2009-09-30	34.21%	12.55%	12.00%	25.05%	2.3247	-	2.55	2.29	14.5	0.17	1.2957	0.6665	0.0716	1.7109	0.6311	4.5%	52	32	71
2009-08-27	2009	2	35.68	32.96	0.5	16.57%	36.03%	922857	1906789	104271	234675	85455	185809	0.3644	0.7924	1722351	882009	1207862	1078262	-	514489	245189	104473	130753	25690	140716	9963	35653	234500	234500	7926100	2009-06-30	34.52%	11.81%	11.30%	18.05%	2.2302	-	2.19	1.93	17.51	0.15	0.818	0.3986	0.0331	2.3477	0.7013	-5.1%	64	37	126
2009-04-15	2009	1	34.0	28.5	-	19.46%	19.46%	983932	983932	130404	130404	100354	100354	0.4279	0.4279	1664923	850316	1048169	923648	-	616754	159935	54152	94489	25690	105783	11294	36984	234500	234500	6859125	2009-03-31	31.94%	13.85%	13.25%	23.04%	2.3625	-	2.63	2.37	12.34	0.16	0.9206	0.4624	0.04	1.6995	0.6296	-1.9%	57	36	119
2009-02-26	2008	4	29.75	27.75	0.8	12.13%	53.49%	972648	3877068	104798	441353	77279	340887	0.3295	1.4537	1660401	881882	1144646	1030457	-	515755	579063	185696	399347	31670	393367	5980	25690	234500	234500	6448750	2008-12-31	31.03%	11.56%	10.77%	26.26%	2.335	18.9176	2.2	1.94	14.18	0.11	0.8558	0.4099	0.0249	2.2194	0.6894	-3.8%	63	37	123
2008-10-30	2008	3	28.25	26.25	-	13.74%	41.37%	961822	2904420	113063	336555	87542	263608	0.3733	1.1241	1709072	986484	1260600	1177158	-	448472	370828	108719	246103	31670	262109	16006	47676	234500	234500	6507375	2008-09-30	32.40%	12.56%	11.76%	22.57%	2.2007	-	1.91	1.65	16.82	0.2	0.838	0.4122	0.0405	2.8109	0.7376	-5.1%	70	42	129
2008-08-07	2008	2	28.25	26.0	0.5	12.82%	27.63%	1014910	1942598	98733	223491	81720	176065	0.3485	0.7508	1837309	1145941	1351157	1256125	-	486152	168433	61962	64115	31670	106471	42356	74026	234500	234500	6331500	2008-06-30	29.81%	10.15%	9.73%	17.23%	1.9924	-	2.07	1.81	14.92	0.32	0.9123	0.5243	0.0589	2.7793	0.7354	-3.0%	71	58	126
2008-04-23	2008	1	32.0	26.0	0.6119	14.80%	14.80%	927688	927688	124758	124758	94345	94345	0.4023	0.4023	1757776	1093545	1028327	935668	-	729449	38510	18720	9044	31670	19790	28834	60504	234500	234500	7035000	2008-03-31	31.02%	13.83%	13.45%	24.38%	1.9907	-	3.11	2.85	10.53	0.26	1.1687	0.6144	0.0647	1.4097	0.585	4.5%	80	54	103
2008-02-28	2007	4	30.0	25.5	1.065	6.05%	52.23%	856696	3416028	52517	395298	33840	292042	0.1443	1.2454	1603150	939353	965891	869761	-	637259	290657	100721	214094	55828	189936	24158	31670	234500	234500	6155625	2007-12-31	27.92%	6.56%	6.13%	35.56%	2.1308	21.0779	2.72	2.46	10.67	0.14	1.08	0.5665	0.0364	1.5157	0.6025	2.0%	71	49	88
2007-10-25	2007	3	32.0	24.2	-	20.74%	46.18%	861442	2559332	153565	342781	115966	258202	0.4945	1.1011	1575788	949111	989563	873565	-	586225	247736	61318	195598	55828	186418	9180	46648	234500	234500	5698350	2007-09-30	38.50%	18.29%	17.83%	24.48%	2.1241	-	2.5	2.23	10.9	0.2	1.0865	0.6762	0.0534	1.688	0.628	2.3%	60	59	109
2007-08-09	2007	2	N/A	N/A	0.274	12.95%	25.44%	853440	1697890	95591	189216	72409	142236	0.3088	0.6066	1499209	884227	981065	764460	-	518144	142188	30604	129304	55828	111584	17720	38108	234500	234500	5651450	2007-06-30	32.88%	11.64%	11.20%	24.25%	1.658	-	2.21	1.94	12.42	0.17	1.1567	0.7076	0.0532	1.8934	0.6544	4.8%	76	73	139
2007-04-25	2007	1	N/A	N/A	0.2055	12.49%	12.49%	844450	844450	93625	93625	69827	69827	0.2978	0.2978	1457290	845599	824746	611248	-	632544	33493	9850	30008	55828	23643	6365	49463	234500	234500	5721800	2007-03-31	32.43%	11.40%	11.09%	25.42%	1.1201	-	2.7	2.42	10.08	0.21	1.3834	0.8964	0.0809	1.3039	0.5659	14.4%	100	111	184
2007-02-27	2006	4	N/A	N/A	0.849726	N/A	N/A	787795	3275541	72784	363285	51473	264219	0.2195	1.1267	1458714	816133	899608	682565	-	559106	358057	76294	259814	33879	281763	21949	55828	234500	234500	5815600	2006-12-31	34.51%	9.55%	9.24%	29.28%	0.5401	22.0105	2.38	2.1	11.81	0.24	1.1957	0.7112	0.0818	1.609	0.6167	17.0%	234	199	419

Financial Quarter Balance Sheet

year	qrt	Deferred tax assets (A-0)	Intangible assets (A-0)	Investment in associated companies (A-0)	Property, plant and equipment (A-0)	Receivables, deposits and prepayments (A-0)	Cash and cash equivalents (A-1)	Current tax assets (A-1)	Inventories (A-1)	Other receivables, deposits and prepayments (A-1)	Deferred tax liabilities (L-0)	Employee benefits (L-0)	Loans & borrowings (L-0)	Current tax liabilities (L-1)	Loans & borrowings (L-1)	Payables and accruals (L-1)
2012	3	20702	61024	3032	889892	24860	110432	428	385575	485466	80258	38337	215244	68463	4146	786688
2012	2	21091	61024	2952	871748	22382	80247	110	452045	447673	71400	39202	215725	67449	103649	802311
2012	1	18506	61024	2975	876343	22679	32399	263	460269	480431	74746	40107	216716	56989	46204	683283
2011	4	18460	61024	3210	889741	23802	52461	176	517573	444854	63815	42316	337711	32196	4223	878321
2011	3	7257	61024	3424	868344	23566	67557	151	461752	401220	72631	40374	330262	29451	2561	732034
2011	2	8431	61024	3194	870956	23484	49772	191	404242	419441	79523	40853	329982	27706	12556	745155
2011	1	8833	61024	3255	879026	23319	33002	223	348769	422093	80042	39740	165698	23593	2582	699408
2010	4	10441	61024	3189	897505	22653	48683	344	380539	354303	75595	42537	326298	10390	87256	623269
2010	3	3922	61024	3218	843803	23891	50511	7209	382231	384078	72796	48411	325999	25468	2878	595633
2010	2	6236	61024	3217	844481	26494	28586	7118	450624	404320	66434	48411	326752	42801	123956	645331
2010	1	6203	61024	3544	842145	23218	30118	3362	396487	436156	72865	48411	327736	24599	35526	582919
2009	4	7379	61024	3467	860253	22923	25751	7118	354381	370421	70309	48411	328039	20093	56458	622228
2009	3	2707	61024	3464	786231	25764	40936	5284	359766	334948	75347	54698	320583	14005	64179	493676
2009	2	2633	61024	3176	749131	24378	35653	4692	452266	389398	73051	54698	1851	16036	163639	898587
2009	1	3974	61024	3114	719676	26819	36984	5468	423267	384597	67530	54698	2293	22991	17590	883067
2008	4	3980	61024	3242	686459	23814	25690	5220	459489	391483	56801	54698	2690	20136	105953	904368
2008	3	5065	61024	3627	628876	23996	47676	-	501209	437599	39165	40321	3956	19248	234712	923198
2008	2	4103	61024	3639	599858	22744	74026	-	487417	584498	50657	40321	4054	13665	380686	861774
2008	1	3462	61024	3544	574185	22016	60504	-	518671	514370	47899	40321	4439	22667	243867	669134
2007	4	2631	61280	3600	574092	22194	31670	-	446602	461081	50630	40321	5179	16871	302703	550187
2007	3	5672	62216	3553	555236	-	46648	-	358405	544058	46044	64277	5677	27866	193711	651988
2007	2	6020	63152	3596	542214	-	40659	-	343287	500281	46103	64277	106225	16209	118455	629796
2007	1	5608	64747	3501	537835	-	49463	-	297695	498441	46075	64277	103146	21689	40812	548747
2006	4	6709	66342	3417	546699	19414	55828	-	330674	429631	45558	64277	107208	23193	66758	592614

Financial Quarter Income Statement

year	qrt	Revenue	Income tax expense	Cost of sales	Finance/interest costs	Administrative/Operating expenses	Finance/interest income	Share of profit/ (loss) of associates
2012	3	1142994	46671	758524	4956	205902	278	80
2012	2	1149522	23513	761604	5219	238927	259	23
2012	1	1164128	48747	778303	5741	173096	74	235
2011	4	1188961	14781	789252	6495	291544	91	86
2011	3	1061042	31759	739835	5479	178044	166	230
2011	2	1040114	29388	700909	4503	206969	102	61
2011	1	1072760	43955	710753	4973	166144	151	66
2010	4	963893	5745	636133	4826	277918	15	27
2010	3	991076	19465	663418	5191	189827	11	1
2010	2	1050863	17317	704298	6536	222403	6	162
2010	1	1020487	31819	678178	5116	166654	3	75
2009	4	950632	12951	605366	5470	240742	4	117
2009	3	886812	26651	583421	5186	192108	3	311
2009	2	922857	18816	604309	4738	209594	10	45
2009	1	983932	30050	669643	5729	178061	18	113
2008	4	972648	27519	670803	7380	189416	1	252
2008	3	961822	25521	650203	65	190818	7791	12
2008	2	1014910	17013	712390	4382	199532	32	95
2008	1	927688	30413	639922	3538	159455	41	56
2007	4	856696	18677	617499	3940	182993	75	178
2007	3	861442	37599	529791	4014	174064	35	43
2007	2	853440	23182	572807	3988	181310	161	95
2007	1	844450	23798	570622	2900	177559	172	84
2006	4	787795	21311	515907	2882	196656	259	175

Financial Quarter Segments Revenue

year	qrt	Others	Food & Beverages
2012	3	201854	941140
2012	2	196765	952757
2012	1	222089	942039
2011	4	189327	999634
2011	3	178196	882846
2011	2	182032	858082
2011	1	210286	862474
2010	4	157099	806794
2010	3	166333	824743
2010	2	170840	880023
2010	1	184403	836084
2009	4	151488	799144
2009	3	161211	725601
2009	2	162117	760740
2009	1	185476	798456

Financial Quarter Segments Profit

year	qrt	Others	Food & Beverages
2012	3	33042	145525
2012	2	29076	119810
2012	1	38303	174531
2011	4	25210	93145
2011	3	18799	124365
2011	2	24798	98891
2011	1	39465	164945
2010	4	12098	64117
2010	3	28056	104596
2010	2	22065	95406
2010	1	41246	129371
2009	4	29898	98309
2009	3	24102	82309
2009	2	26795	77476
2009	1	38113	92291

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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●CHANGES IN SHAREHOLDING

ARCHIVES

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●CHANGES IN SHAREHOLDING