Showing posts with label Petdag. Show all posts
Showing posts with label Petdag. Show all posts

Wednesday 16 August 2017

Petronas Dagangan

Petdag

INCOME STATEMENT
Yr (m) …. 2016 …. 2015 …. 2014 …. 2013 …. 2012
Sales …. 21,787 …. 25,060 …. 32,341 …. 32,342 …. 29,515
GProf …. 2,137 …. 2,016 …. 1,904 …. 2,236 …. 2,217
EBIT …. 834 …. - …. 519 …. 935 …. 991
Int Exp …. 6 …. 10 …. 16 …. 17 …. 9
PBT …. 1,207 …. 1,079 …. 707 …. 1,106 …. 1,164
PAT …. 913 …. 788 …. 502 …. 812 …. 837
No of shr …. 993 …. 993 …. 993 …. 993 …. 993
EPS (Dil) …. 0.95 …. 0.8 …. 0.5 …. 0.82 …. 0.84


GP Marg …. 9.81% …. 8.04% …. 5.89% …. 6.91% …. 7.51%
PBT Marg …. 5.54% …. 4.31% …. 2.19% …. 3.42% …. 3.94%
NP Marg …. 4.19% …. 3.14% …. 1.55% …. 2.51% …. 2.84%
EBIT/Int …. 139.00 …. #VALUE! …. 32.44 …. 55.00 …. 110.11




BALANCE SHEET
Yr (m) …. 2016 …. 2015 …. 2014 …. 2013 …. 2012
CA …. 5,067 …. 3,566 …. 4,991 …. 5,772 …. 5,711
NCA …. 4,298 …. 4,505 …. 4,550 …. 4,395 …. 4,213
TA …. 9,365 …. 8,071 …. 9,541 …. 10,167 …. 9,924


CL …. 3,772 …. 2,793 …. 4,445 …. 5,018 …. 4,780
NCL …. 256 …. 294 …. 304 …. 320 …. 298
TL …. 4,028 …. 3,087 …. 4,749 …. 5,338 …. 5,078
Eq …. 5,337 …. 4,984 …. 4,792 …. 4,829 …. 4,845
TL+Eq …. 9,365 …. 8,071 …. 9,541 …. 10,167 …. 9,924



Cash …. 2,432 …. 1,259 …. 1,840 …. 359 …. 251
ST Debt …. 34 …. 98 …. 360 …. 443 …. 325
LT Debt …. 84 …. 113 …. 135 …. 140 …. 139
Total Debt …. 118 …. 211 …. 495 …. 583 …. 464

Inventories …. 803 …. 626 …. 1,032 …. 1,193 …. 1,279


CE …. 8,025 …. 6,537 …. 6,936 …. 5,508 …. 5,395
TD/Eq …. 2.2% …. 4.2% …. 10.3% …. 12.1% …. 9.6%
TD/TA …. 1.3% …. 2.6% …. 5.2% …. 5.7% …. 4.7%
TL/TA …. 43.0% …. 38.2% …. 49.8% …. 52.5% …. 51.2%

CR …. 1.34 …. 1.28 …. 1.12 …. 1.15 …. 1.19
QR …. 1.13 …. 1.05 …. 0.89 …. 0.91 …. 0.93







CASH FLOW STATEMENT
Yr (m) …. 2016 …. 2015 …. 2014 …. 2013 …. 2012
Net Inc …. 913 …. 788 …. 502 …. 812 …. 837
D&A …. 362 …. 340 …. 345 …. 317 …. 294
FFO …. 2,065 …. 660 …. 847 …. 1,355 …. 1,880
CWC …. …. …. …. ….
NetOCF …. 2,065 …. 660 …. 2,562 …. 1,355 …. 1,880
Capex …. -228 …. -315 …. -395 …. -548 …. -555
FCF …. 1,837 …. 344 …. 2,167 …. 888 …. 1,392
Dividends …. -596 …. -616 …. -551 …. -829 …. -764
RE …. 317 …. 172 …. -49 …. -17 …. 73


NetOCF/Net Inc …. 226.2% …. 83.8% …. 510.4% …. 166.9% …. 224.6%
FCF/Net Inc …. 201.2% …. 43.7% …. 431.7% …. 109.4% …. 166.3%
Capex/Net Inc …. 25.0% …. 40.0% …. 78.7% …. 67.5% …. 66.3%
Capex/NetOCF …. 11.0% …. 47.7% …. 15.4% …. 40.4% …. 29.5%
DPO ratio …. 65.3% …. 78.2% …. 109.8% …. 102.1% …. 91.3%
Capex/D&A …. 63.0% …. 92.6% …. 114.5% …. 172.9% …. 188.8%




VALUATION
Year …. 2016 …. 2015 …. 2014 …. 2013 …. 2012
Share Price …. 23.96 …. 24.86 …. 17.12 …. 31.44 …. 23.50
Market cap …. 23792.3 …. 24686.0 …. 17000.2 …. 31219.9 …. 23335.5

ROCE …. 10.4% …. #VALUE! …. 7.5% …. 17.0% …. 18.4%
ROA …. 9.7% …. 9.8% …. 5.3% …. 8.0% …. 8.4%
ROE …. 17.1% …. 15.8% …. 10.5% …. 16.8% …. 17.3%

FCF/Mkt Cap …. 7.7% …. 1.4% …. 12.7% …. 2.8% …. 6.0%
DY …. 2.5% …. 2.5% …. 3.2% …. 2.7% …. 3.3%

Tuesday 16 August 2016

Petronas Dagangan - A Solid 2Q16

Maintain OUTPERFORM. We keep our FY16-FY18 earnings estimates unchanged for now. Price target is also maintained at RM25.40/share which is based on an unchanged valuation basis of -0.5 SD 3-year average PER of 27x. Thus, the stock is maintained at OUTPERFORM. Risks to our call include drop in business volume and a sudden plunge in MOPS within a brief period of time.

 http://klse.i3investor.com/servlets/staticfile/287212.jsp

Monday 9 November 2015

Petronas Dagangan’s 9M15 earnings beats expectations

November 4, 2015, Wednesday

Petronas Dagangan said in a filing on Bursa Malaysia that group operating profit for the period ended September 30, 2015 was RM963.8 million, an increase of RM251.6 million compared to the corresponding period last year mainly as a result of lower operating expenditure (opex) by RM123 million, higher other income by RM75.2 million and higher gross profit of RM53.4 million.
According to AllianceDBS Research Sdn Bhd (AllianceDBS Research), Petronas Dagangan booked net profit of RM219 millon in the third quarter of 2015 (3Q15), taking 9M15 net profit to RM697.9 million.
This beat expectations at 96 per cent of the research house’s full year forecasts, and 90 per cent of consensus.
Excluding the non-core items, Petronas Dagangan’s normalised cumulative 9M15 earnings of RM623.6 million exceeded the research arm of MIDF Amanah Invesment Bank Bhd’s (MIDF Research) full year earnings expectation by a variance of more than +10 per cent.
“Management guided that the commendable earnings were due to aggressive cost control efforts,” it said.
AllianceDBS Research noted that given the challenging operating environment, Petronas Dagangan has moderated the group’ expansion to 20 to 30 stations per annum (from 50 per annum).
The research house further noted that Petronas Dagangan also has undertaken various measures to keep opex at RM320-350 million per quarter, leading to a 16 per cent year on year (y-o-y) decline in opex in the first half of 2015 (1H15).


Read more: http://www.theborneopost.com/2015/11/04/petronas-dagangans-9m15-earnings-beats-expectations/#ixzz3qwTMYKMG

Tuesday 17 February 2015

Petronas Dagangan


























The stock price has risen from MR 2.00 in 2000 to MR 4.00 in 2005.

It has risen from MR 4.00 in 2005 to MR 8.00 in 2010.

From MR 8.00 in 2010, it has risen to MR 17.00 in 2015..

From 2000 to 2015, this stock has delivered multi-bagger returns.

Between 2000 to 2015, there were 3 big dips in the price of the stock, in 2001, 2009 and recent months.



Don't forget to add the GROWING dividends!

Latest February 2015  Special Dividend  0.22 
18 Nov 20140.12 Dividend
21 Aug 20140.14 Dividend
21 May 20140.12 Dividend
20 Feb 20140.175 Dividend
14 Nov 20130.175 Dividend
4 Sep 20130.175 Dividend
10 Jun 20130.175 Dividend
7 Mar 20130.175 Dividend
12 Dec 20120.175 Dividend
4 Sep 20120.175 Dividend
4 Jun 20120.175 Dividend
8 Mar 20120.15 Dividend
7 Dec 20110.15 Dividend
24 Aug 20110.15 Dividend
1 Aug 20110.35 Dividend
9 Dec 20100.30 Dividend
24 Feb 20052: 1 Stock Split
Close price adjusted for dividends and splits.


3 Aug 20100.15 Dividend
7 Dec 20090.15 Dividend
5 Aug 20090.33 Dividend
10 Dec 20080.12 Dividend
1 Aug 20080.33 Dividend
14 Dec 20070.12 Dividend
12 Dec 20050.05 Dividend
17 Aug 20050.10 Dividend
30 Nov 20040.10 Dividend
5 Aug 20040.20 Dividend
10 Dec 20030.20 Dividend
23 Jul 20030.10 Dividend
22 Jul 20030.10 Dividend
Close price adjusted for dividends and splits.

























Comments:  5.2.2015

Revenue - Lower due to Decrease in Sales volume

Group Operating Profit  -  Lower due to lower gross margin and higher operating expenditure.

1.  Lower gross profit margin - Lower due to higher product cost due to unfavourable timing differences of the Mean of Platts Singapore ("MOPS"Smiley prices compared to corresponding quarter last year.

2.  Higher operating expenditure - mainly attributed to manpower expenses, ICT maintenance charges, advertising and promotion and net loss on foreign currency as US dollar weakened against Malaysian Ringgit during the current period compared to net gain on foreign currency during the corresponding period last year.

Increase in revenue - due to higher selling price 

Decrease in revenue - due to decrease in sales volume, despite a higher average selling price.


The downward trend in global oil prices has an adverse impact on PDB's margins.  

PDB's business is expected to be challenging as long as the downward trend is expected to continue.


How to defend its overall market leadership position?

1. Grow its business domestically - further strengthening its brand, sweating existing assets and continuosly enhancing customer relationship management.

2.  Continue its cost optimisation efforts - enhancement of supply and distribution efficienecy, improvement of terminal operational excellence to further improve cost of operations.



NOTE:  

Results of PDB will be affected adversely when:

1.  US currency is weakening.  Cash

2.  The global oil price is trending downwards.    Cash


Do you think the fundamentals of PDB are permanently damaged or they are facing a temporary period of difficulties or challenges?   Smiley


How can PDB delivers better results?

1.  Increasing its volume sold.
2.  Lower average selling prices may lead to increase in volume sold.
3.  Operational efficiency - cost and expense minimisation - leading to increasing profit margins.
4.  When US dollar is appreciating or getting stronger.
5.  When global oil price is stabilised or increasing in price trend.

Thursday 2 October 2014

Petronas Dagangan





PETDAG Quarter Report History














No. Financial   Revenue   Profit Before   Net Profit   EPS Div NTA
Quarter   (RM,000)   Tax (RM,000)   (RM,000)   (Cent) (Cent) (RM) PBTM
2 30/06/2014   8,367,968   250,787   185,649   18.7 14 4.86 3.00%
1 31/03/2014   8,293,564   223,137   155,079   15.6 12 4.8 2.69%
4 31/12/2013   8,385,988   193,784   151,321   15.2 17.5 4.82 2.31%
3 30/09/2013   8,412,061   315,647   226,209   22.8 17.5 4.85 3.75%
2 30/06/2013   7,924,901   273,041   197,127   19.8 17.5 4.88 3.45%
1 31/03/2013   7,618,972   326,969   237,097   23.9 17.5 5.08 4.29%
4 31/12/2012   7,688,001   250,756   176,498   17.8 17.5 4.84 3.26%
3 30/09/2012   7,489,941   340,494   242,811   24.4 17.5 4.84 4.55%
2 30/06/2012   7,484,266   234,237   171,326   17.3 17.5 4.99 3.13%
1 01/01/2012   6,852,755   339,686   246,211   24.8 17.5 4.95 4.96%
5 31/12/2011   7,422,923   307,724   221,759   22.3 50 4.81 4.15%
5 30/09/2011   7,304,943   300,393   224,046   22.6 15 4.7 4.11%

Thursday 7 November 2013

Petronas Dagangan hit by sharp drop in MOPS prices

Petronas Dagangan hit by sharp drop in MOPS prices
Posted on November 2, 2013, Saturday

KUCHING: Petronas Dagangan Bhd (Petronas Dagangan) saw softer third quarter (3Q) earnings growth at RM226.2 million, driven by lagged losses amid volatile Means of Platts Singapore (MOPS) prices especially in September.

However, according to HwangDBS Vickers Research Sdn Bhd (HwangDBS Research), the company is poised to see a better 4Q due to margin recovery as MOPS prices have stabilised in October.

To recap, Petronas Dagangan 3Q results showed a drop by seven per cent year-on-year (y-o-y) and an increase of 15 per cent quarter-on-quarter (q-o-q), bringing its nine months for 2013 (9M13) earnings to RM660.4 million (compared with RM660.3 million in 9M12).

“3Q13 bottomline was dragged (on a y-o-y basis) mainly by weaker margins (2.7 per cent versus 3Q12’s 3.2 per cent), hit by lagged losses amid volatile MOPS prices especially in September.

“At the topline, turnover grew to RM8.4 billionn in 3Q13 (12 per cent y-o-y and six per cent q-o-q) and RM24 billion (10 per cent y-o-y) in 9M13 as overall volumes sold rose 10.5 per cent year to date to 12.3 billion litres,” the research firm explained.

In terms of key segmental contributions, Petronas Dagangan’s retail business recorded revenue at RM3.8 billion, an increase of 11 per cent y-o-y and three per cent q-o-q.

HwangDBS Research noted that this is mainly due to sales volume growth of 9.7 per cent y-o-y and profit before tax (PBT) of RM174.5 million (a decrease of 23 per cent y-o-y and an increase of 103 per cent q-o-q) while the commercial division posted revenue of RM4.7 billion, which was an increase of 15 per cent y-o-y and five per cent q-o-q. Sales volume grew 12.6 per cent y-o-y with a PBT of RM88.1 million (an increase of 25 per cent y-o-y; a drop of 32 per cent q-o-q).

Petronas Dagangan declared an interim single-tier dividend per share (DPS) of 17.5 sen in 3Q13, bringing total net DPS to 44.1 sen for 9M13 (66 per cent payout).

“This is on track to meet our financial year 2013 forecast (FY13F) net DPS of 75 sen, assuming a further net DPS of 31 sen to be declared in 4Q13 (full year payout of 74 per cent).

“Meanwhile, we are keeping our FY13F net profit intact at RM1002.5 million (20 per cent y-o-y) as we penciled in a stronger 4Q13 due to margin recovery (as MOPS prices have stabilised in October),” HwangDBS Research opined.

It retained its target price of Petronas Dagangan at RM19.70 per share, based on 18-folds FY14F earnings per share (EPS), pegged to one standard deviation of mean.

“Although we like Petronas Dagangan’s resilient business model, its current valuations remain expensive at 28-folds FY14F EPS, more than two standard deviation above its historical mean,” the research firm commented.


Read more: http://www.theborneopost.com/2013/11/02/petronas-dagangan-hit-by-sharp-drop-in-mops-prices/#ixzz2jy72gNRP

Thursday 22 August 2013

Petronas Dagangan Bhd (PDB) Q2 revenue surges to RM7.92b

KUALA LUMPUR: Petronas Dagangan Bhd (PDB) says its revenue surged by RM440.6 million, or 5.8 per cent, to RM7.92 billion in the second quarter ended June 30, compared to the corresponding quarter last year.

In a statement yesterday, the company said the growth was a result of an increase in sales volume, which grew by 9.7 per cent.

Retail business continued to be the main contributor to revenue growth, recording an increase of 4.3 per cent for overall sales volume compared with the same quarter last year.

In the same quarter, PDB recorded a net profit of RM197 million compared with RM171 million in the corresponding period last year, while earnings per share increased to 19.8 sen from 17.3 sen.

Managing director and chief executive officer Aminul Rashid Mohd Zamzam said the strong growth is in spite of volatility of the global crude oil price, which continues to impact the industry.

"We have performed better than last year through continuous marketing and promotion exercises, as well as cost optimisation efforts," he said.

Aminul Rashid said PDB's financial position remains strong with shareholders' fund at RM4.84 billion as at June 30, compared with RM4.81 billion recorded at the end of last year. Cash balances also saw an increase to RM1.05 billion compared with RM251.3 million previously.

"The board has declared an interim dividend of 16.3 sen per ordinary share less tax at 25 per cent, amounting to RM121.4 million.

"There is also an interim dividend using single tier of 1.2 sen per ordinary share amounting to RM11.92 million in the second quarter ended June 30 this year," he added.


Read more: PDB Q2 revenue surges to RM7.92b http://www.btimes.com.my/Current_News/BTIMES/articles/petrodag/Article/#ixzz2cgQKJnip

Tuesday 2 April 2013

PetDag to issue special 35 sen dividend.

For its fourth quarter ending Dec 31, PetDag made RM176.5 million in net profit on RM 7.7 billion in revenue.

PetDag has proposed a special dividend payout of 35 sen per share, to be paid on April 30.  The ex-date falls on April 26.

http://www.theedgemalaysia.com/business-news/234653-petdag-to-issue-35-sen-dividend.html

Thursday 11 October 2012

Petronas Dagangan (16.08.2012)

Date announced 16-Aug-12
FYE 31/12/2012
Qtr 2
Quarter 30/6/2012
STOCK PETDAG
C0DE  5681

Price $ 22.8
Curr. PE (ttm-Eps) 26.21
Curr. DY 3.51%


Dividends   % chg
Curr. FY0 80.00 -11.1%
Prev FY1 90.00 5.9%
Prev FY2 85.00  
Curr. DY  3.51%  
     
     
Risk vs Returns  
Upside 0.18 16%
Downside 1.00 84%
     
Returns    
One Yr Apprec Pot.  1%
Avg Yield    5%
Avg Tot. Ann Return 6%
(for next 5 years)  
     
INPUT VARIABLES  
Today's Share Pr $ 22.80
EPS GR %   9%
Avg H. PE   18.0
Avg. L. PE   15.0
Rec. Severe Low Pr 15.80
     
Current PE   26.21
Signature PE 16.50
RV   159%
Rational Price   14.36
     
     
Dividends    
Present Dividend 80.00
Avg % DPO   90%
     
Present Div Yield 3.51%
Present High Yield 5.06%
     
EPS G. RATE   9%
Present Market Pr. 22.80




Stock Performance Chart for Petronas Dagangan Berhad

Thursday 13 September 2012

Petronas Dagangan offers both growth and dividends.


Thursday September 13, 2012

Petronas eyes 1,000th outlet


Outperform
Target price: RM24.60
ELEVATED oil prices and subsequently higher product costs are not putting the brakes on Petronas Dagangan Bhd's expansion plans. The company is set to open its milestone 1,000th petrol station this month as it accelerates efforts to become Malaysia's No.1 petroleum retailer in two to four years.
Petronas Dagangan aims to become Malaysia’s No.1 petroleum retailer in two to four years . – ReutersPetronas Dagangan aims to become Malaysia’s No.1 petroleum retailer in two to four years . – Reuters
We continue to value Petronas Dagangan at 18.6 times for calendar year 2013 price-to-earnings (P/E), a 40% premium to our target market P/E of 13.3 times to reflect its earnings visibility and attraction as a growth and dividend stock. Petronas Dagangan remains an “outperform”, supported by the prospect that it could be the all-round leader in Malaysia in four years' time.
Bernama, quoted Petronas Dagangan's senior general manager (retail trade) Akbar Md Thayoob as saying that the company was focused on growing its network to 1,000 petrol stations by the end of this month. Petronas Dagangan was eyeing total sales of five billion litres of petrol this year (increase 10% year-on-year), driven by the increase in its number of petrol stations.
This aggressive retail expansion is in line with management's guidance and our projection. The opening of the landmark 1,000th station is definitely within reach given that it had added 12 new stations in the first half of 2012, bringing its total to 980. The company plans to add a record 74 new stations to its retail network by year-end, more than doubling its annual average of 30 new stations. We expect the company to close financial year ending Dec 31, 2012 with 1,042 stations.
Petronas Dagangan's retail market share stands at 31%. Its hard-hitting growth strategy is aimed at taking over Malaysia's retail leadership from Shell, which has 35% of the market measured by sales volume. Petronas Dagangan also trails Shell in the lubricant market but beats the competition in liquefied petroleum gas and commercial. It targets wresting the lubricant market top spot from Shell in four years' time.
Stay invested as Petronas Dagangan offers both growth and dividends. Planned retail expansion supports our forecast of new net profit highs during 2012 to 2014 and a three-year earnings per share compound annual growth rate of 17.2%.
A 50% dividend policy with quarterly payments adds to the appeal.

Wednesday 29 August 2012

Petronas Dagangan - Return on Retained Earnings

Petronas Dagangan

(Figures are in sens)
Year DPS EPS Retained EPS
2003 10.8 15 4.2
2004 7.2 19.2 12
2005 10.8 21.2 10.4
2006 14.4 50.9 36.5
2007 21.9 64.5 42.6
2008 33.5 66.6 33.1
2009 36 58.3 22.3
2010 63.8 75.8 12
2011 75 87.6 12.6
Total 273.4 459.1 185.7

From 2003-2011
DPO
0.60
EPS increase 72.60
Return on retained earnings  39%Thumbs Up

Saturday 23 June 2012

Investor's Checklist: Consumer Services

Most consumer services concepts fail in the long run, so any investment in a company in the speculative or aggressive growth stage of the business life cycle needs to be monitored more closely than the average stock investment.

Beware of stocks that have already priced in lofty growth expectations.  You can make money if you get in early enough, but you can also lose your shirt on the stock's rapid downslide.

The sector is rife with low switching costs.  Companies that establish store loyalty or store dependence are very attractive.  Tiffany's is a good example; it faces limited competition in the retail jewelery market.

Make sure to compare inventory and payables turns to determine which retailers are superior operators.  Companies that know what their customers want and how to exploit their negotiating power are more likely to make solid bets in the sector.

Keep an eye on those off-balance sheet obligations.   Many retailers have little or no debt on the books, but their overall financial health might not be that good.

Look for a buying opportunity when a solid company releases poor monthly or quarterly sales numbers.  Many investors overreact to one month's worth of bad same-store sales results, and the reason might just be bad weather or an overly difficult comparison to the prior-year period.  Focus on the fundamentals of the business and not the emotion of the stock.

Companies also tend to move in tandem when news comes out about the economy.  Look for a chance to pick up shares of a great retailer when the entire sector falls - keep that watch list handy.  


Ref:  The Five Rules for Successful Stock Investing by Pat Dorsey


Read also:
Investor's Checklist: A Guided Tour of the Market...

Friday 22 June 2012

Investor's Checklist: Consumer Goods


Find companies that enjoy the cost advantages of manufacturing on a larger scale than most other competitors.  One related issue is whether the firm holds dominant market share in its categories.

Look for the firms that consistently launch successful new products - all the better if the firm is first to market with these innovations.

Check to see if the company is supporting its brand with consistent advertising.  If the firm constantly promotes its products with sale prices, it's depleting brand equity and just milking the brand for shorter-term gain.

Examine how well the firm is handling operating costs.  Occasional restructuring can help squeeze out efficiency gains and lower costs, but if the firm is regularly incurring restructuring costs and relying solely on this cost-cutting tactic to boost its business, tread carefully.

Because these mature firms generate so much free cash flow, it's important to make sure management is using it wisely.  How much of the cash is turned over to shareholders in the form of dividends or share repurchase agreements?

Keep in mind that investors may bid up a consumer goods stock during economic downturns, making the shares pricey relative to its fair value.  Look for buying opportunities when shares trade with a 20 percent to 30 percent margin of safety.  


Ref:  The Five Rules for Successful Stock Investing by Pat Dorsey



Read also:
Investor's Checklist: A Guided Tour of the Market...

Investor's Checklist: Energy

The profitability of the energy sector is highly dependent on commodity prices.  Commodity prices are cyclical, as are the sector's profits.  It's better to buy when prices are at a cyclical low than when they're high and hitting the headlines.

Even though the sector is largely cyclical, many energy companies keep their bottom lines black during the troughs.  Look for this characteristic in your energy investments.

OPEC is a highly beneficial force in the energy sector because it keeps commodity prices above its costs.  It is worth keeping tabs on the cartel's strength.

Because of OPEC, we view exploration and production as a much more attractive area than refining and marketing.

Working in a commodity market, economies of scale are just about the only way to achieve a competitive advantage.  As such, bigger is generally better because firms with greater heft tend to be more profitable.

Keep an eye on reserves and reserve growth because these are the hard assets the company will mine for future revenue.

Companies with strong balance sheets will weather cyclical lows better than those burdened with debt.  Look for companies that don't need to take on additional debt to invest in new projects while also paying dividends or repurchasing shares.


Ref:  The Five Rules for Successful Stock Investing by Pat Dorsey



Read also:
Investor's Checklist: A Guided Tour of the Market...

Tuesday 29 May 2012

Petronas Dagangan (29.5.2012)


  Financial   EPS Dividend NTA ttm-EPS Qtr
Date Quarter    (Cent) (Cent)  (RM) (Cent) No
21/5/2012 1/1/2012   24.8 17.5 4.95 90.7 1
24/2/2012 31/12/2011   22.3 50 4.81 88.9 5
23/11/2011 30/9/2011   22.6 15 4.7 90.4 5
10/8/2011 30/6/2011   21 15 5.04 88.5 0
26/5/2011 31/3/2011   23 60 4.83 87.6 4
16/2/2011 31/12/2010   23.8 0 4.6 80.8 3
25/11/2010 30/9/2010   20.7 40 4.66 75.8 2
24/8/2010 30/6/2010   20.1 0 4.79 75.2 1
25/5/2010 31/3/2010   16.2 45 4.59 75.8 4
19/2/2010 31/12/2009   18.8 0 4.43 76.9 3
23/11/2009 30/9/2009   20.1 15 4.35 62.4 2
25/8/2009 30/6/2009   20.7 0 4.4 55.6 1
25/5/2009 31/3/2009   17.3 33 4.19 58.3 4
24/2/2009 31/12/2008   4.3 0 4.02 57.8 3
25/11/2008 30/9/2008   13.3 12 4.06 72.9 2
28/8/2008 30/6/2008   23.4 0 4.18 72.5 1
26/5/2008 31/3/2008   16.8 33 3.94 66.8 4
26/2/2008 31/12/2007   19.4 0 3.78 67 3
29/11/2007 30/9/2007   12.9 12 3.67 64.3 2
27/8/2007 30/6/2007   17.7 0 3.69 66.3 1
28/5/2007 31/3/2007   17 20 3.51   4
26/2/2007 31/12/2006   16.7 0 3.34   3
30/11/2006 30/9/2006   14.9 10 3.25   2




  Financial   ttm-EPS Qtr
Date Quarter   (Cent) Price PE P/NTA No
21/5/2012 1/1/2012   90.7 19.48 21.48 3.9 1
24/2/2012 31/12/2011   88.9 18 20.25 3.7 5
23/11/2011 30/9/2011   90.4 16.36 18.10 3.5 5
10/8/2011 30/6/2011   88.5 16.54 18.69 3.3 0
26/5/2011 31/3/2011   87.6 16.3 18.61 3.4 4
16/2/2011 31/12/2010   80.8 12.5 15.47 2.7 3
25/11/2010 30/9/2010   75.8 11.7 15.44 2.5 2
24/8/2010 30/6/2010   75.2 11 14.63 2.3 1
25/5/2010 31/3/2010   75.8 9.23 12.18 2.0 4
19/2/2010 31/12/2009   76.9 8.92 11.60 2.0 3
23/11/2009 30/9/2009   62.4 8.57 13.73 2.0 2
25/8/2009 30/6/2009   55.6 8.33 14.98 1.9 1
25/5/2009 31/3/2009   58.3 7.78 13.34 1.9 4
24/2/2009 31/12/2008   57.8 7.36 12.73 1.8 3
25/11/2008 30/9/2008   72.9 6.71 9.20 1.7 2
28/8/2008 30/6/2008   72.5 5.99 8.26 1.4 1
26/5/2008 31/3/2008   66.8 6.57 9.84 1.7 4
26/2/2008 31/12/2007   67 7.01 10.46 1.9 3
29/11/2007 30/9/2007   64.3 7.57 11.77 2.1 2
27/8/2007 30/6/2007   66.3 7.6 11.46 2.1 1
28/5/2007 31/3/2007           4
26/2/2007 31/12/2006           3
30/11/2006 30/9/2006           2



ttm-EPS  90.7 sen
LFY Dividend  80 sen

Price (29.5.2012)   RM 20.48

PE  22.6x
DY  3.9%