A Brief Look at Guinness Anchor Berhad (Malaysia)

2006 EPS 42.4 DPS 30.2

2007 EPS 37.3 DPS 32.9

2008 EPS 41.7 DPS 36.4

2009 EPS 47.0 DPS 41.0

2010 EPS 50.54 DPS 45.0

1Q11 EPS 12.81 DPS -

Price RM 11.00 (13.1.2011)

Estimated EPS 2011 = 4*12.81 = 51.24

Projected PE for 2011 = 21.5 x

Historical

5 Yr 

PE 12.2 - 16.0

DY 7.0% - 5.3%

10 Yr

PE 12.9 - 16.6

DY 7.5% - 5.8%