KLCI Stock - WCT / 9679 - 2011 Quarter 3

WCT BERHAD


Company Description

WCT BERHAD, formerly WCT Engineering Berhad, is a Malaysia-based company. The principal activities of the Company are that of civil engineering works, investment and property holding, and provision of management services to the subsidiaries. It operates in four business segments: civil engineering and construction, which includes civil engineering works specializing in earthworks, highway construction and related infrastructure works; property development, which include the development of residential and commercial properties; property and investment holding, which includes property investment and trading in property, and trading, which includes trading of building materials. It has operations in Malaysia, Middle East, Mauritius and India. On March 8, 2008, the Company established a new 70%-owned subsidiary, Allied WCT LLC(AWCT). On February 28, 2008, WCT Engineering Berhad incorporated a new wholly owned subsidiary, WCT (S) Pte. Ltd.

Company Info 

Listing Date	1995-02-16
Market Capital (Capital Size)	2,360,343,973 (Large)
Par Value	RM 0.50
Board	Main
Sector	Construction
Major Industry	Civil Engineering
Sub Industry	Infrastructure Construction
Website	http://www.wct.com.my

My Analysis 

Forecast P/E now	(2.35-0.065)/0.1838 = 12.43 (Moderate)
Target Price	2.48+0.065 = 2.55 (PE 13.5, EPS 0.1838, DPS 0.065)
Decision	BUY if stock price strong sustain above SMA50 or wait rebound at SMA100
Comment	Revenue increased 11.3% and was second consecutive quarter increasing and also higher than preceding year corresponding quarter 22.1%, eps increased 2.1% and also higher than preceding year corresponding quarter 5.8%, negative net cash from operating hence increased borrowings to cover all expenses, current assets increasing indicate Group expanding, gross margin near historical high around 23% but sometime drop below 20%, liquidity ratio indicate can meet current obligation, gearing ratio indicate very high liabilities risk but already improve compared to earlier year and this is acceptable if maintain high profit, higher debt ratio but still far from historical high, higher receivables collection period than payables repayment period can cause more cash need, higher property development cost can indicare more property development works, Civil engineering & construction segment margin big drop offset by property segment growth
First Support Price	2.34
Second Support Price	2.25
Risk Rating	MODERATE

Research House

UOB Target Price	2.37 (2011-09-23)
Jupiter Target Price	2.54 (2012-08-10)
BIMB Target Price	2.46 (2012-08-16)
AMMB Target Price	2.62 (2012-11-05)
HwangDBS Target Price	3.22 (2012-11-22)
Kenanga Target Price	2.73 (2012-11-22)
OSK Target Price	2.83 (2012-11-22)
RHB Target Price	1.87 (2012-11-22)
Alliance Target Price	2.84 (2012-11-23)
CIMB Target Price	2.82 (2012-11-23)
HLG Target Price	2.85 (2012-11-23)
Maybank Target Price	2.84 (2012-11-23)
MIDF Target Price	2.7 (2012-11-23)
TA Target Price	3.04 (2012-11-23)
ECM Target Price	2.75 (2012-11-26)

Accounting Ratio 

Return on Equity	9.95%
Dividend Yield	2.77%
Gross Profit Margin	22.76%
Operating Profit Margin	15.92%
Net Profit Margin	12.58%
Tax Rate	33.07%
Asset Turnover	0.3582
Net Asset Value Per Share	1.9
Net Tangible Asset per share	1.9
Price/Net Tangible Asset Per Share	1.43
Cash Per Share	1.12
Liquidity Current Ratio	1.8729
Liquidity Quick Ratio	1.597
Liquidity Cash Ratio	0.7221
Gearing Debt to Equity Ratio	1.8556
Gearing Debt to Asset Ratio	0.621
Working capital per thousand Ringgit sale	66.8%
Days to sell the inventory	95
Days to collect the receivables	244
Days to pay the payables	170

Technical Analysis 

SMA 10	2.376 (Downtrend)
SMA 20	2.359 (Uptrend 23 days)
SMA 50	2.342 (Same)
SMA 100	2.257 (Uptrend)
SMA 200	2.125 (Uptrend)
MACD (26d/12d)	0.011154 ( 0.002577 )
Signal (9)	0.013463 ( 0.000577 )
MACD Histogram	0.002309 (Bearish trend 2 days)
Bolinger Upper Band	2.422
Bolinger Lower Band	2.296

My notes based on 2012 quarter 3 report (number in '000):-
- Lower pbt from Civil engineering & construction segment due to lower contribution from overseas division

- Higher pbt from Property Development segment due to higher sales recorded from property launches

- Estimate next 4Q eps after 2012 Q3 result announced = 167834*1.1/1004402 = 0.1838, estimate PE on current price 2.35 = 12.43(DPS 0.065)
- Estimate next 4Q eps after 2012 Q2 result announced = 0.2217, estimate highest/lowest PE = 12.29/10.89 (DPS 0.075)
- Estimate next 4Q eps after 2012 Q1 result announced = 0.2015*1.1 = 0.2217, estimate highest/lowest PE = 11.55/9.56 (DPS 0.09)
- Estimate next 4Q eps after 2011 Q4 result announced = 1754412*0.1/832234 = 0.2108, estimate highest/lowest PE = 12.62/9.87 (DPS 0.09)
- Estimate next 4Q eps after 2011 Q3 result announced = 0.0463*4 = 0.1852, estimate highest/lowest PE = 14.47/10.58 (DPS 0.1)
- Estimate next 4Q eps after 2011 Q2 result announced = 0.044*4*1.02 = 0.1795, estimate highest/lowest PE = 15.65/9.75 (DPS 0.1)
- Estimate next 4Q eps after 2011 Q1 result announced = 0.1699*0.95 = 0.1614, estimate highest/lowest PE = 19.44/14.99 (DPS 0.1)
- Estimate next 4Q eps after 2010 Q4 result announced = 0.0809*2*1.05 = 0.1699(offset higher profit from property investment due to profit from this segment usually not maintaining), estimate highest/lowest PE = 17.95/16.01 (DPS 0.1)
- Estimate next 4Q eps after 2010 Q3 result announced = 0.0809*2*1.05 = 0.1699, estimate highest/lowest PE = 20.78/16.24 (DPS 0.1)
- Estimate next 4Q eps after 2010 Q2 result announced = 0.1703*1.1 = 0.1873, estimate highest/lowest PE = 17.14/14.26 (DPS 0.1)
- Estimate next 4Q eps after 2010 Q1 result announced = 0.0441*4*0.9 = 0.1588, estimate highest/lowest PE = 17.51/14.67 (DPS 0.1)
- Estimate next 4Q eps after 2009 Q4 result announced = 0.16, estimate highest/lowest PE = 18.88/15.13 (DPS 0.1)
- Estimate next 4Q eps after 2009 Q3 result announced = 0.16, estimate highest/lowest PE = 16.94/13.75 (DPS 0.1)
- Estimate next 4Q eps after 2009 Q2 result announced = 0.0535*4 = 0.214, estimate highest/lowest PE = 12.85/11.07 (DPS 0.1)
- Estimate next 4Q eps after 2009 Q1 result announced = 0.05*4 = 0.2, estimate highest/lowest PE = 13.83/8.48 (DPS 0.095, economy crisis)

WCT latest news (English)

WCT 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	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
2012-11-21	2012	3	N/A	N/A	-	2.29%	6.82%	441799	1180182	55586	155105	40357	119890	0.0490	0.1461	4648363	2387741	2886442	1274900	206355	1761921	47179	868	212392	749003	48047	164345	913348	822992	820441	2230308	2012-09-30	22.76%	15.92%	12.58%	33.07%	0.3582	-	1.9	1.9	1.43	1.12	1.8729	1.597	0.7221	1.8556	0.621	66.8%	95	244	170
2012-08-15	2012	2	2.8	2.49	0.0375	2.25%	4.52%	396813	738383	47913	99519	39499	79533	0.0480	0.0972	4605945	2343987	2834926	1283115	217870	1771019	68697	24965	189150	764756	93662	95488	860244	822856	818363	2040682	2012-06-30	18.17%	14.98%	12.07%	22.81%	0.3442	-	1.9	1.9	1.31	1.09	1.8268	1.5579	0.6961	1.8253	0.6155	66.9%	97	255	172
2012-05-22	2012	1	2.65	2.21	-	2.28%	2.28%	341570	341570	51606	51606	40034	40034	0.0491	0.0491	4435858	2243210	2636969	1200712	273009	1798889	71498	290	53879	738829	71788	17909	756738	816096	816096	1803572	2012-03-31	22.89%	18.21%	15.11%	22.92%	0.3527	-	1.87	1.87	1.18	0.94	1.8682	1.5753	0.6383	1.7282	0.5945	66.6%	102	262	206
2012-02-23	2011	4	2.75	2.17	0.045	3.13%	10.60%	485065	1538589	54187	207508	47944	162393	0.0576	0.1959	4569550	2388130	2810516	1431564	282586	1759034	146090	272920	252377	1167842	126830	379207	788635	832234	828973	2238709	2011-12-31	11.71%	13.36%	11.17%	18.15%	0.3367	13.7317	1.78	1.78	1.51	0.95	1.6682	1.43	0.5518	1.9036	0.6151	62.2%	100	298	282
2011-11-17	2011	3	2.78	2.06	-	2.57%	7.47%	361976	1053524	53004	153351	39298	114479	0.0463	0.1354	4376188	2311207	2660327	1364686	288169	1715861	95987	14383	257958	1188212	110370	147588	1040624	849135	845326	2020941	2011-09-30	23.65%	17.51%	14.64%	22.69%	0.3408	-	1.69	1.69	1.41	1.27	1.6936	1.4971	0.7875	1.8634	0.6079	63.5%	86	237	284
2011-08-16	2011	2	2.91	1.85	0.05	2.47%	4.91%	375934	691548	50799	100347	37789	75181	0.0440	0.0878	4423410	2410357	2760876	1310919	274015	1662534	180884	4746	217157	1153741	176138	41019	1112722	858863	856490	2464936	2011-06-30	22.97%	17.01%	13.51%	22.62%	0.336	-	1.62	1.62	1.77	1.33	1.8387	1.6199	0.8703	1.9884	0.6242	74.0%	91	241	319
2011-05-26	2011	1	3.19	2.52	-	2.44%	2.44%	315614	315614	49548	49548	37392	37392	0.0435	0.0435	4737828	2778625	3118083	1701266	271244	1619745	49380	14681	21396	1148139	64061	85457	1233596	860063	860063	2614591	2011-03-31	21.62%	20.69%	15.70%	22.72%	0.3428	-	1.57	1.57	1.94	1.45	1.6333	1.4667	0.7334	2.3123	0.6581	66.3%	80	280	325
2011-02-25	2010	4	3.15	2.82	0.05	2.96%	10.08%	437674	1708501	94317	266771	44184	150331	0.0554	0.1891	4553484	2609015	3021956	1537433	275150	1531528	1117	55209	562280	641506	54092	508188	1149694	797201	795103	2303910	2010-12-31	24.73%	23.29%	21.55%	12.16%	0.3752	15.2853	1.58	1.58	1.83	1.46	1.697	1.4998	0.7561	2.4053	0.6637	62.7%	80	244	273
2010-11-18	2010	3	3.63	2.86	-	2.05%	6.66%	357142	1270827	59782	165571	30562	99264	0.0384	0.1250	3905006	1957265	2450436	1542452	239472	1454570	60495	11623	13200	688868	72118	85318	603550	794974	793826	2400821	2010-09-30	21.55%	19.88%	16.74%	9.75%	0.6347	-	1.53	1.53	1.97	0.78	1.2689	1.0851	0.4008	2.0167	0.6275	16.7%	48	155	170
2010-08-19	2010	2	3.31	2.77	0.05	2.26%	4.61%	513565	913685	54668	105789	33754	68702	0.0425	0.0866	4264745	2303491	2800456	1896881	227813	1464289	29362	19013	82406	664147	10349	92755	756902	793927	793450	2238874	2010-06-30	14.75%	13.02%	10.64%	31.66%	0.8051	-	1.56	1.56	1.81	1.0	1.2144	1.041	0.4196	2.2649	0.6567	11.8%	39	125	151
2010-05-21	2010	1	2.88	2.43	-	2.34%	2.34%	400120	400120	51121	51121	34948	34948	0.0441	0.0441	3901531	2004215	2447453	1587333	225503	1454078	18861	6602	3940	679973	25463	21523	658450	792429	792429	2036542	2010-03-31	17.22%	15.08%	12.78%	26.10%	1.0503	-	1.55	1.55	1.66	0.84	1.2626	1.0572	0.4186	1.9921	0.6273	10.2%	32	90	104
2010-02-24	2009	4	3.12	2.52	0.05	2.40%	10.84%	1207558	4666602	17344	211078	32549	147098	0.0413	0.1868	4482745	2553187	2991508	1807550	233012	1491237	285849	72654	204226	688779	213195	8969	697748	787809	787340	2087693	2009-12-31	7.07%	1.91%	1.44%	-	1.041	14.1841	1.6	1.6	1.66	0.91	1.4125	1.2224	0.3948	2.3776	0.6673	16.0%	29	117	135
2009-11-18	2009	3	2.81	2.3	-	2.46%	8.44%	1312134	3459044	53886	193734	33373	114549	0.0424	0.1456	5105333	3095915	3611834	2370689	244689	1493499	98000	25239	61397	696941	72761	11364	708305	787164	786711	2093856	2009-09-30	6.57%	4.73%	4.11%	9.40%	0.9136	-	1.59	1.59	1.67	0.93	1.3059	1.1695	0.3099	2.8922	0.7075	15.5%	27	159	169
2009-08-18	2009	2	2.85	2.47	0.05	3.09%	5.98%	1177957	2146910	70540	139848	41953	81176	0.0535	0.1033	4781457	2756372	3274766	2016254	232751	1506691	168243	6925	7437	689110	175168	182605	506505	784543	785586	2055502	2009-06-30	9.19%	6.73%	5.99%	-	0.8561	-	1.62	1.62	1.62	0.67	1.3671	1.1978	0.261	2.5706	0.6849	18.1%	32	168	161
2009-05-21	2009	1	2.86	1.79	-	2.89%	2.89%	968953	968953	69308	69308	39223	39223	0.0500	0.0500	4637659	2591416	3202919	1983570	198377	1434740	235620	7048	167710	688797	242668	74958	613839	784635	784635	1553577	2009-03-31	7.72%	8.22%	7.15%	1.22%	0.8318	-	1.58	1.58	1.25	0.83	1.3064	1.134	0.3298	2.5906	0.6906	15.8%	34	151	155
2009-02-26	2008	4	2.03	0.93	0.045	2.80%	8.71%	1205096	3808997	44084	158840	32705	101770	0.0414	0.1301	4480228	2500129	3122968	1691729	169045	1357260	65068	41854	250509	551384	106922	143587	694971	789392	782364	844649	2008-12-31	1.86%	3.19%	3.66%	-	0.8502	8.2257	1.52	1.52	0.7	0.91	1.4779	1.2928	0.4252	2.6283	0.6971	21.2%	32	141	141
2008-11-13	2008	3	1.87	0.925	-	2.92%	11.51%	741407	2603901	42417	202924	34052	134475	0.0421	0.1682	3909075	2789014	2539191	1695365	191048	1369884	147417	15823	227305	554706	163240	64065	618771	808603	799460	1439313	2008-09-30	6.30%	6.67%	5.72%	-	0.8789	-	1.47	1.47	1.21	0.79	1.6451	1.4264	0.376	2.154	0.6496	31.8%	43	189	166
2008-08-14	2008	2	3.3	1.07	0.05	3.84%	8.60%	942193	1862494	83896	160507	44838	100423	0.0548	0.1248	3774842	2676422	2455761	1795741	156293	1319081	128610	6642	277071	558809	135252	141819	700628	818270	804940	2536637	2008-06-30	10.34%	9.88%	8.90%	10.59%	0.8809	-	1.44	1.44	2.15	0.89	1.4904	1.3053	0.4065	2.112	0.6506	26.5%	41	177	158
2008-05-15	2008	1	3.74	2.4	-	4.76%	4.76%	920301	920301	76611	76611	55585	55585	0.0726	0.0726	4128400	3062030	2867498	2228125	121612	1260902	12574	61908	187481	554426	74482	112999	667425	765251	765251	2693683	2008-03-31	8.57%	8.46%	8.32%	13.44%	0.7633	-	1.49	1.49	2.36	1.03	1.3743	1.2333	0.3523	2.5169	0.6946	26.5%	41	227	234
2008-02-26	2007	4	4.08	2.97	0.045	6.34%	19.55%	831819	2781701	82062	283530	47941	147862	0.1329	0.4222	3484240	2438673	2316408	1953636	279030	1167832	127477	55315	196327	284440	72162	268489	552929	360740	350225	1392456	2007-12-31	9.33%	10.28%	9.87%	17.79%	0.7984	9.1428	2.54	2.54	1.52	1.97	1.2483	1.068	0.3637	2.6062	0.6648	17.4%	52	181	200
2007-11-29	2007	3	10.0	3.72	-	5.15%	13.21%	630843	1949882	70618	201468	38947	99921	0.1087	0.2822	3030943	2125697	1918383	1543140	238428	1112560	80755	41773	250345	404234	122528	127817	532051	358276	354093	2848294	2007-09-30	12.04%	12.12%	11.19%	10.71%	0.8465	-	2.47	2.47	3.22	1.59	1.3775	1.2045	0.3691	2.1946	0.6329	22.7%	43	182	163
2007-08-29	2007	2	8.5	7.8	0.075	4.47%	8.06%	768316	1319039	84571	130850	33791	60974	0.1469	0.2673	2631354	1802153	1741432	1371849	208737	889922	120034	24231	105024	386928	144265	39241	347687	230025	228078	N/A	2007-06-30	12.27%	11.46%	11.01%	27.39%	0.7353	-	2.99	2.99	N/A	1.74	1.3137	1.1091	0.291	2.5565	0.6618	22.2%	60	211	187
2007-05-29	2007	1	N/A	N/A	-	3.59%	3.59%	550723	550723	46279	46279	27183	27183	0.1211	0.1211	2369514	1569926	1572955	1201704	172389	796559	60758	35801	63338	391787	96559	33221	358566	224547	224547	662413	2007-03-31	10.31%	9.19%	8.40%	19.61%	0.4923	-	2.78	2.78	1.06	1.72	1.3064	1.0625	0.3206	2.5201	0.6638	31.6%	103	277	283
2007-02-27	2006	4	N/A	N/A	0.075	N/A	N/A	615693	1400374	49803	149812	28259	88080	0.1305	0.4072	2266164	1490175	1509991	1120481	163102	756173	252498	152384	43584	335659	100114	56530	392189	216521	216303	900727	2006-12-31	11.99%	8.87%	8.09%	25.58%	0.2717	10.2159	2.74	2.74	1.52	1.9	1.3299	1.074	0.3673	2.5461	0.6663	60.0%	193	469	539

Financial Quarter Balance Sheet

year	qrt	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)	Other investments (A-0)	Property, plant and equipment (A-0)	Receivables (A-0)	Trade receivables (A-0)	Amounts due from related companies (A-1)	Cash and cash equivalents (A-1)	Completed development properties (A-1)	Current tax assets (A-1)	Inventories (A-1)	Other receivables (A-1)	Property development costs (A-1)	Trade receivables (A-1)	Convertible Redeemable Debt Securities (L-0)	Deferred tax liabilities (L-0)	Loans & borrowings (L-0)	Long term payables (L-0)	Trade payables (L-0)	Amount due to associated companies (L-1)	Current tax liabilities (L-1)	Loans & borrowings (L-1)	Other payables (L-1)	Trade and other payables (L-1)	Minority interest (M-1)
2012	3	17506	-	170172	1855	878347	277859	9750	257679	274336	373118	1006	920654	-	-	48180	525973	303573	588355	-	34982	1018623	452138	105799	-	22413	619427	235805	397255	206355
2012	2	18012	-	165749	2088	868354	257581	9750	266094	284585	389745	1019	893163	-	-	52023	580837	293009	523936	-	34177	922219	481043	114372	-	10898	661465	192623	418129	217870
2012	1	19076	-	166778	2336	826557	261690	9750	264618	272513	369330	977	766461	-	-	51301	581468	300416	542587	-	36736	823966	475122	100433	-	5618	485219	210634	499241	273009
2011	4	23624	-	159529	1581	814023	266438	9750	270250	261585	374640	1012	790002	-	-	51431	622060	289564	634061	-	35371	917740	336109	89732	-	6718	466059	396441	562346	282586
2011	3	15122	1084	175678	-	675398	247842	9804	258910	254100	427043	985	1074622	-	-	59938	357176	208168	610318	-	37051	915506	244532	98552	-	4154	470959	473003	416570	288169
2011	2	19616	961	178016	-	646045	237598	9804	264474	236645	419894	940	1140880	-	-	68331	329928	218457	651821	-	37816	1073234	230597	108310	-	4851	304179	472768	529121	274015
2011	1	18161	-	173735	-	618610	217814	9804	274479	237013	409587	936	1247709	-	-	69068	610031	214348	636533	-	37179	1052644	229548	97446	-	2809	546307	481504	670646	271244
2010	4	7219	-	176966	-	614266	220761	9804	292163	233966	389324	4223	1162407	-	-	74393	284615	228783	854594	-	25384	1127422	226541	105176	-	1136	505439	228353	802505	275150
2010	3	8775	-	171091	-	546450	228116	9804	300796	257407	425302	4228	618217	-	-	86875	269203	196636	782106	-	20475	544827	250736	91946	-	12184	517114	259812	753342	239472
2010	2	11619	-	176070	-	544685	180679	9804	310685	271982	455730	4452	795932	-	-	106189	299108	222735	875075	-	15088	539912	263981	84594	-	10416	595665	253314	1037486	227813
2010	1	19793	-	177084	-	525170	188221	9804	322756	273788	380700	5302	664432	-	-	107210	242155	218888	766228	-	20540	493675	265495	80410	20	2649	518364	267574	798726	225503
2009	4	23442	-	181113	-	425761	187277	9804	415244	282373	404544	5515	713534	-	-	113709	283444	230014	1206971	-	9122	791689	278391	104756	263	530	206707	281874	1318176	233012
2009	3	8010	-	201340	-	424482	262926	10498	337540	282652	481970	5619	734654	-	-	126186	329074	197144	1703238	-	4431	827828	283102	125784	-	2433	318638	308453	1741165	244689
2009	2	8377	-	199558	-	424482	254060	10498	347198	274230	506682	15060	526236	-	-	145984	359293	195331	1514468	-	2274	835686	288733	131819	-	3775	293766	312021	1406692	232751
2009	1	7789	-	199971	-	424482	244182	11098	367801	292285	498635	15393	654279	-	-	152297	386410	189805	1193232	-	6382	825047	291811	96109	-	1354	429237	389594	1163385	198377
2008	4	6324	-	189102	-	424481	253424	11298	373082	283685	438703	14957	719316	-	-	150527	373069	162597	1079663	-	6127	831230	497491	96391	-	209	301720	444386	945414	169045
2008	3	87	-	155676	-	408867	182460	13098	359873	-	-	43082	637452	-	-	89189	-	281624	1737667	-	4234	839592	-	-	33701	10742	262276	-	1388646	191048
2008	2	102	-	148260	-	410110	173720	14898	351330	-	-	37283	730018	-	-	40799	320498	291563	1256261	-	3353	656667	-	-	62448	20913	475077	462292	775011	156293
2008	1	1047	-	142410	-	410209	166673	15498	330533	-	-	32457	784925	-	-	41977	316824	272134	1613713	-	3700	635673	-	-	57841	12568	406840	420197	1330679	121612
2007	4	7542	-	140999	-	403554	156241	15498	321733	-	-	41701	710617	-	-	93602	156210	258655	1177888	-	5442	357330	-	-	30294	12292	585467	410819	914764	279030
2007	3	5602	-	141279	-	95403	163383	17748	481831	-	-	-	569528	37331	8476	2679	136730	226995	1143958	57465	5871	311907	-	-	-	22284	510774	323971	686111	238428
2007	2	5130	-	141715	-	95403	156914	18198	411841	-	-	600	399183	35497	6335	825	195529	244344	919840	56357	7813	305413	-	-	-	30196	467433	369155	505065	208737
2007	1	5294	-	138747	-	95402	154531	18648	386966	-	-	9186	385243	38712	5991	783	158239	253561	718211	55248	7530	308473	-	-	-	12586	387383	341752	459983	172389
2006	4	5887	-	140177	-	95402	149635	19098	365790	-	-	18877	411589	30833	-	637	147014	255318	625907	54139	7739	318554	9078	-	5335	9712	309904	366279	429251	163102

Financial Quarter Income Statement

year	qrt	Revenue	Income tax expense	Cost of sales	Finance/interest costs	Other income	Administrative/Operating expenses	Minority interest	Share of profit/ (loss) of associates	Share of net profit of jointly controlled entity	Other expenses
2012	3	441799	18382	341253	19155	3914	19538	3153	4951	533	6771
2012	2	396813	10930	324728	15386	18153	20486	2516	4093	248	10298
2012	1	341570	11827	263383	15396	4189	15862	255	4052	755	4319
2011	4	485065	9835	428267	15306	44699	22778	3592	4693	-	13919
2011	3	361976	12028	276371	16037	7323	17948	1678	5649	-	11588
2011	2	375934	11490	289594	16609	1583	16841	1520	3458	-	7132
2011	1	315614	11256	247381	18709	15844	16482	900	2950	-	2288
2010	4	437674	11469	329423	14067	26456	22389	38664	6430	-	10364
2010	3	357142	5827	280194	12741	15615	16414	23393	1528	-	5154
2010	2	513565	17310	437815	11902	11524	15740	3604	273	-	4691
2010	1	400120	13343	331205	11650	8030	14799	2830	2425	-	1800
2009	4	1207558	8510	1122133	10742	7430	31691	6695	4996	-	23214
2009	3	1312134	5065	1225990	12142	4007	15679	15448	3900	-	4330
2009	2	1177957	2185	1069701	12736	4551	15067	30772	4024	-	9386
2009	1	968953	844	894119	14688	25913	16070	29241	4321	-	5002
2008	4	1205096	5810	1227530	12089	19890	32253	5569	6406	-	3604
2008	3	741407	314	694734	11650	15143	9888	8679	4584	-	2445
2008	2	942193	8883	844758	12240	20218	18628	30175	3067	-	5956
2008	1	920301	10293	841417	7778	20752	16870	10733	6526	-	4903
2007	4	831819	14595	754247	7602	27806	15758	19526	4112	-	4068
2007	3	630843	7565	554903	6988	13350	11785	24106	1127	-	1026
2007	2	768316	23167	674051	6404	12648	15734	27613	2960	-	3164
2007	1	550723	9077	493930	5936	10648	12042	10019	1605	-	4789
2006	4	615693	12741	541862	6793	6934	13870	8803	1985	-	12284

Financial Quarter Segments Revenue

year	qrt	Elimination/Adjustment	Property development	Trading	Property investment	Civil engineering & construction
2012	3	166398	143972	-	23966	442059
2012	2	35568	110967	-	19614	301800
2012	1	3534	55343	-	13186	276575
2011	4	222232	92359	-	14710	600228
2011	3	7467	79678	-	12932	276833
2011	2	25449	50499	-	12970	337914
2011	1	6195	56928	-	11699	253182
2010	4	73684	49879	-	12534	448945
2010	3	26983	85962	-	6238	291925
2010	2	16019	54452	-	7980	467152
2010	1	20360	44072	-	7844	368564
2009	4	276570	30693	-	8657	1444778
2009	3	119505	53254	-	11958	1366427
2009	2	56144	43125	15821	1321	1173834
2009	1	68289	31936	18537	985	985784
2008	4	292255	47755	38067	55033	1258971
2008	3	122067	67595	14297	1106	780476
2008	2	80785	57936	33356	983	930703
2008	1	139629	42249	38739	1643	977299
2007	4	232953	46708	46671	42696	982118
2007	3	135812	78626	21568	681	665780
2007	2	128193	62157	44037	695	789620
2007	1	132835	66502	40110	716	576230
2006	4	143889	53144	50263	38768	586831

Financial Quarter Segments Profit

year	qrt	Elimination/Adjustment	Property development	Trading	Property investment	Civil engineering & construction
2012	3	-	41599	-	10329	18395
2012	2	-	27356	-	796	30824
2012	1	-	8535	-	6866	47272
2011	4	3628	4209	-	9989	46974
2011	3	370	21150	-	11020	31592
2011	2	775	13395	-	9229	40551
2011	1	4033	16179	-	8778	44383
2010	4	18894	17133	-	36631	66806
2010	3	2950	29078	-	2795	42072
2010	2	6259	16279	-	13416	43407
2010	1	939	12679	-	3379	43349
2009	4	79785	4114	-	7427	91335
2009	3	5479	9570	-	7820	50217
2009	2	4387	12025	507	3220	67887
2009	1	15925	10007	4148	817	82262
2008	4	475	29852	906	27268	94553
2008	3	20874	14897	645	6668	49437
2008	2	10700	30763	3434	3629	57590
2008	1	25065	12352	362	2825	80638
2007	4	105645	31292	10405	36158	107467
2007	3	18399	21276	6036	2208	75364
2007	2	12446	20175	10409	1262	63937
2007	1	4765	21552	8836	2973	22833
2006	4	63507	20437	12320	35580	48664

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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ARCHIVES

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