Tuesday 25 January 2011

Guinness Anchor Berhad: 10 Years Financial Track Record








Year ended 30th June
    2001         2002         2003         2004         2005         2006         2007          2008        2009        2010 


Revenue 
777,198  788,060  796,595   886,208   952,113   976,013   1,072,112  1,194,602  1,285,423  1,358,633
Profi t before taxation
78,448     93,718   107,363   129,254   140,519    142,211     152,159     168,898    191,178    204,991

Profi t after taxation
58,681     72,401     78,006      98,419    107,968    128,197    112,561    125,857    141,988    152,691
Dividends
82,653*    82,655*    84,831*   91,837*     90,871      91,354      99,239     109,873     123,860  135,944



Year ended 30th June
 2001         2002          2003          2004         2005         2006         2007         2008         2009         2010 



Net Dividend per 50 sen stock unit (sen)
27.4*         27.4*         28.1*         30.4*         30.1         30.2           32.8           36.4         41.0         45.0
Earnings per 50 sen  stock unit (sen)
19.4           24.0           25.8           32.6           35.7          42.4           37.3           41.7         47.0         50.5

Dividends (from Yahoo Finance)

Nov 27, 20080.17 Dividend
Nov 28, 20070.32 Dividend
May 3, 20070.13 Dividend
Nov 6, 20060.29 Dividend
May 3, 20060.13 Dividend
Mar 30, 20050.07 Dividend
Nov 30, 20040.14 Dividend
Apr 14, 20040.12 Dividend
Nov 4, 20030.12 Dividend
Apr 9, 20030.12 Dividend

Who will be the top market performer this quarter?


Monday January 24, 2011

PETALING JAYA: If we have to summarise global economic performance in 2010, it would be this: the year reinforced the growing differences in economic growth between the developed economies (the United States, Europe, Japan) and emerging markets.

In particular, South-East Asia had a remarkable year, with the region's economies and stock markets charging ahead.
Thailand, Indonesia and our home market Malaysia took the top three spots in the Top Markets for 2010 list, according to analyses fromFundsupermart.com.
But enough about 2010. Which markets do you think will perform best this quarter (January-March 2011)? 

Guinness Anchor Berhad: Changes in Share Holdings


Changes in Share Holdings

24-Jan-11  GUINNESS ANCHOR BERHADGAB(19,000)  Credit Suisse Group AG18,283,700  
24-Jan-11  GUINNESS ANCHOR BERHADGAB(104,800)  Credit Suisse Group AG18,302,700  
24-Jan-11  GUINNESS ANCHOR BERHADGAB(9,700)  Credit Suisse Group AG18,274,000  
24-Jan-11  GUINNESS ANCHOR BERHADGAB(104,800)  Mitsubishi UFJ Financial Group, Inc18,614,800  
24-Jan-11  GUINNESS ANCHOR BERHADGAB(19,000)  Mitsubishi UFJ Financial Group, Inc18,595,800  
24-Jan-11  GUINNESS ANCHOR BERHADGAB(7,700)  Mitsubishi UFJ Financial Group, Inc18,588,100  
24-Jan-11  GUINNESS ANCHOR BERHADGAB(104,800)  Aberdeen Asset Management PLC and its subsidiaries18,302,700  
24-Jan-11  GUINNESS ANCHOR BERHADGAB(104,800)  Aberdeen Asset Management Asia Limited17,881,500  
24-Jan-11  GUINNESS ANCHOR BERHADGAB(19,000)  Aberdeen Asset Management PLC and its subsidiaries18,283,700  
24-Jan-11  GUINNESS ANCHOR BERHADGAB(19,000)  Aberdeen Asset Management Asia Limited17,862,500  
24-Jan-11  GUINNESS ANCHOR BERHADGAB(2,000)  Mitsubishi UFJ Financial Group, Inc18,586,100  


A Brief Look at Guinness

Analyst Recommendations and Revisions







GUINNESS ANCHOR BHD

 (Kuala Lumpur: 3255.KL )
Last Trade:10.00
Trade Time:3:56AM EST
Change:Down 0.38 (3.66%)
Prev Close:10.38
Open:10.28
Bid:10.00
Ask:10.12
1y Target Est:N/A
Day's Range:10.00 - 10.28
52wk Range:6.60 - 11.00
Volume:47,300
Avg Vol (3m):119,619
Market Cap:N/A
P/E (ttm):N/A
EPS (ttm):N/A
Div & Yield:N/A (N/A)
Quotes delayed, except where indicated otherwise. Currency in MYR.





OVERALL

Beta:0.38
Market Cap (Mil.):$3,135.78
Shares Outstanding (Mil.):302.10
Annual Dividend:0.45
Yield (%):4.34

FINANCIALS

GUANF.PKIndustrySector
P/E (TTM):19.053.4522.28
EPS (TTM):35.66----
ROI:31.611.724.53
ROE:33.642.558.00


























Monday 24 January 2011

How do Banks make Profits?

A bank generates its income from three main sources.

1. There is the net interest rate difference between what it earns on loans and what it pays for deposits.
2. There are the extra fees it charges for various services and
3. There is the profit it earns from other activities like running a stockbroking division, a funds management business and offering services to customers like helping them with foreign exchange transactions.

Banks can also be involved as active traders in financial markets.

As far as the income they earn is concerned, this is generally about 3 per cent of the value of the multi billion dollars of assets for which they are responsible.  

  • About 2.4 per cent of this 3 per cent comes from interest income and 
  • about 0.6 per cent from fees and other income.

From this it pays running expenses that reduce the income on total assets to about 2 per cent. 


The other major cost is allowing for bad debts, which can arise from people not being able to pay their interest as well as from losses on bank business enterprises.
  • These expenses can range widely from 0.2 per cent of assets when times are good to more than 1 per cent during bad times. 


Last but not least is tax which reduces any net income by 30 per cent.

From these basic observations, the major challenge banks currently face in developed countries comes from bad debts.

Summary:

3 Main Sources of Income
(1) Interest Income = 2.4% of Total Assets
(2) Fees and (3) other Income = 0.6% of Total Assets

Total Income = 3.0% of Total Assets

less
Expenses = 1% of Total Assets

Profit before provisioning for bad debts and before tax = 2% of Total Assets

less 
Provisioning for Bad Debts = 0.2% to 1% of Total Assets

Profit Before Tax = 1.8% - 1% of Total Assets

less 
Tax = 30%

Profit After Tax = 1.26% - 0.7% of Total Assets


Besides looking for a consistent mid- to high-teen ROE, it is good to see a high level of ROA as well.



For banks, a top ROA would be in the 1.2% to 1.4% range.






Related:
What should investors look for when investing in banks and other financiers?
http://myinvestingnotes.blogspot.com/2010/05/what-should-investors-look-for-when.html

Comparative Analysis of Banking Stocks (16.5.2010)

How to analyze the market?  Bank


Are these in our Sejarah textbooks? Perhaps, the general election is near.


Sunday January 23, 2011

Najib: Every race contributed to a successful Malaysia

By SIMON KHOO
simonkhoo@thestar.com.my

Without the participation of the Chinese and Indians in the talks for independence, the British may not have given it to Malaya (in 1957), the Prime Minister said.
“Many non-Malays also sacrificed their lives during the Japanese occupation and the Communist insurgency,” he said, adding that this must not be disputed and should be remembered.
A crush for oranges: Residents of Pekan in Pahang queuing up to receive free mandarin oranges at a function that was attended by Prime Minister Datuk Seri Najib Tun Razak yesterday. Najib, in his speech, said Malaysia is where it is today because of the contributions of all races to nation building.
Citing examples in the sports arena, Najib said the national football team that recently won the AFF Suzuki Cup took their instructions from coach K. Rajagopal, while badminton world No 1 Datuk Lee Chong Wei stood by his coach Datuk Misbun Sidek.
“These players are bonded by the spirit of 1Malaysia, transcending racial boundaries in their quest to achieve success.” he said at a function to present Mandarin oranges to the people here yesterday.
Earlier, at a presentation of aid to poor pupils at the Umno building, Najib said Malaysia has many success stories of poor people making it good in life to serve as role models for others.
“These success stories that can tug the heart strings of the people are about sons of fishermen, general workers, labourers and clerks.
“Within one generation, they have become successful entrepreneurs, corporate figures and administrative officers,” he said, adding that the Government would continue to help the needy to ensure there is social equality for all.
Najib, who is Pekan MP, said the Government would continue to uphold a system of social justice for all through proper education.
Later in his speech when launching the Malaysia Ex-Kemas Members Association here, Najib said with the advent of information technology, people were expected to be polished in computer applications.
Aid for poor pupils: Najib with recipients from various schools after presenting bicycles and schoolbags in Pekan yesterday. Looking on is Pahang Mentri Besar Datuk Seri Adnan Yaakob (light blue shirt). — Bernama
Asking people to change their mindset to move in tandem with mainstream development, he added that education was important as part of their struggles.
“We can only become a successful race if we adopt new ideas and technology.
“In this regard, Kemas, which was at the forefront to educate rural folks through ‘adult classes’ during the early independence years, must also evolve,” he said.