Keep INVESTING Simple and Safe (KISS) ****Investment Philosophy, Strategy and various Valuation Methods**** The same forces that bring risk into investing in the stock market also make possible the large gains many investors enjoy. It’s true that the fluctuations in the market make for losses as well as gains but if you have a proven strategy and stick with it over the long term you will be a winner!****Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.
Wednesday 15 December 2010
Top Glove Corporation Berhad
Date announced 15-Dec-10
Quarter 30/11/2010 Qtr 1 FYE 31/08/2011
STOCK TOPGLOV C0DE 7113
Price $ 5.45 Curr. PE (ttm) 15.33 Curr. DY 2.94%
LFY Div 16.00 DPO ratio 39%
ROE 18.7% PBT Margin 9.0% PAT Margin 7.3%
Rec. qRev 491509 q-q % chg -9% y-y% chq 4%
Rec qPbt 44405 q-q % chg 5% y-y% chq -49%
Rec. qEps 5.83 q-q % chg -20% y-y% chq -47%
ttm-Eps 35.56 q-q % chg -13% y-y% chq 5%
Using VERY CONSERVATIVE ESTIMATES:
EPS GR 5% Avg.H PE 13.00 Avg. L PE 9.00
Forecast High Pr 5.90 Forecast Low Pr 4.25 Recent Severe Low Pr 4.25
Current price is at Upper 1/3 of valuation zone.
RISK: Upside 27% Downside 73%
One Year Appreciation Potential 2% Avg. yield 3%
Avg. Total Annual Potential Return (over next 5 years) 5%
CPE/SPE 1.39 P/NTA 2.87 NTA 1.90 SPE 11.00 Rational Pr 3.91
Decision:
Already Owned: Buy Hold Sell Filed Review (future acq): Filed Discard: Filed
Guide: Valuation zones Lower 1/3 Buy Mid. 1/3 Maybe Upper 1/3 Sell
Aim:
To Buy a bargain: Buy at Lower 1/3 of Valuation Zone
To Minimise risk of Loss: Buy when risk is low i.e UPSIDE GAIN > 75% OR DOWNSIDE RISK <25%
To Double every 5 years: Seek for POTENTIAL RETURN of > 15%/yr.
To Prevent Loss: Sell immediately when fundamentals deteriorate
To Maximise Gain & Reduce Loss: Sell when CPE/SPE > 1.5, when in Upper 1/3 of Valuation Zone & Returns < 15%/yr
Stock Data: Recent Stock Performance:
Current Price (12/10/2010): 5.52
(Figures in Malaysian Ringgits)
1 Week -1.4% 13 Weeks 0.7%
4 Weeks -2.8% 52 Weeks 20.0%
Top Glove Corporation Berhad Key Data:
Ticker: TOPGLOV Country: MALAYSIA
Exchanges: KUL Major Industry: Apparel & Textiles
Sub Industry: Apparel Manufacturers
2010 Sales 2,079,432,000
(Year Ending Jan 2011). Employees: 11,500
Currency: Malaysian Ringgits Market Cap: 3,413,203,680
Fiscal Yr Ends: August Shares Outstanding: 618,334,000
Share Type: Ordinary Closely Held Shares: 267,967,762
Day's Range: 5.35 - 5.40
52wk Range: 4.98 - 14.54
Volume: 758,200
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1 comment:
HwangDBS Research and UOB Kay Hian Group cut their profit forecasts; RHB Research Institute cut its price estimate to RM4.10 from RM5.40; OSK Research lowered its forecast to RM5.74 from RM6.06.
(Source: Bloomberg Businessweek)
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