No. | Financial | Revenue | Profit Before | Net Profit | EPS | Div | NTA | PBTM | ||||
Quarter | (RM,000) | Tax (RM,000) | (RM,000) | (Cts) | (Cts) |
|
||||||
2 | 30/06/2014 | 1,910,867 | 318,733 | 254,433 | 4.49 | 3 | 2.75 | 16.7% | ||||
1 | 31/03/2014 | 2,026,050 | 463,231 | 358,289 | 6.32 | 0 | 2.77 | 22.9% | ||||
4 | 31/12/2013 | 2,120,123 | 438,050 | 400,515 | 7.06 | 3.9 | 2.73 | 20.7% | ||||
3 | 30/09/2013 | 2,120,956 | 365,647 | 322,617 | 5.69 | 0 | 2.56 | 17.2% | ||||
2 | 30/06/2013 | 2,224,464 | 569,968 | 460,406 | 8.12 | 4.3 | 2.57 | 25.6% | ||||
1 | 31/03/2013 | 1,861,994 | 392,828 | 419,457 | 7.39 | 0 | 2.47 | 21.1% | ||||
4 | 31/12/2012 | 1,926,506 | 518,971 | 445,690 | 7.86 | 5 | 2.32 | 26.9% | ||||
3 | 30/09/2012 | 1,943,076 | 281,215 | 190,347 | 3.36 | 0 | 2.22 | 14.5% | ||||
2 | 30/06/2012 | 2,119,482 | 638,503 | 495,800 | 8.75 | 3.8 | 2.26 | 30.1% | ||||
1 | 31/03/2012 | 1,903,801 | 378,541 | 270,664 | 4.78 | 0 | 2.23 | 19.9% | ||||
4 | 31/12/2011 | 2,331,245 | 453,734 | 349,281 | 6.17 | 4.8 | 2.11 | 19.5% | ||||
3 | 30/09/2011 | 2,315,836 | 463,084 | 347,145 | 6.13 | 0 | 2.06 | 20.0% |
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.
Thursday 2 October 2014
Genting Malaysia
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% |
Wednesday 1 October 2014
Hartalega
We are expecting the Group to maintain its net profit margin at around 20% despite bracing for headwinds of lower average selling prices (ASP) of gloves.
Earnings outlook/Revision
We lowered our earnings forecast for FY15F by 7% to factor in the lower average selling prices (ASP) of gloves as we expect that the increased competition in the nitrile gloves industry would keep selling prices subdued.
Double-digit earnings growth in FY16F. Earnings forecast for FY16F was nudged marginally higher by 1.5% as we update the installed production capacity figures for FY16. We are expecting FY16F earnings to grow by double-digit on the back of significant earnings contribution from NGC.
Valuation & Recommendation
Maintain HOLD with a slightly higher target price of RM7.00 (previous target price: RM6.98), following our upward revision of earnings for FY16F. We derive our target price by pegging FY16 EPS at PER of 16 times.
While we remain convinced on its growth prospect that underpinned by its expansion ahead, we still wary over the stiff competition in the nitrile gloves industry. Yet, we reckon that the high operational efficiency of the Group would aid to mitigate the adverse effect of lower ASP of gloves. Overall, we maintain our neutral view on the company.
Earnings outlook/Revision
We lowered our earnings forecast for FY15F by 7% to factor in the lower average selling prices (ASP) of gloves as we expect that the increased competition in the nitrile gloves industry would keep selling prices subdued.
Double-digit earnings growth in FY16F. Earnings forecast for FY16F was nudged marginally higher by 1.5% as we update the installed production capacity figures for FY16. We are expecting FY16F earnings to grow by double-digit on the back of significant earnings contribution from NGC.
Valuation & Recommendation
Maintain HOLD with a slightly higher target price of RM7.00 (previous target price: RM6.98), following our upward revision of earnings for FY16F. We derive our target price by pegging FY16 EPS at PER of 16 times.
While we remain convinced on its growth prospect that underpinned by its expansion ahead, we still wary over the stiff competition in the nitrile gloves industry. Yet, we reckon that the high operational efficiency of the Group would aid to mitigate the adverse effect of lower ASP of gloves. Overall, we maintain our neutral view on the company.
JFApex Securities 30.9.2014
|
Financial | Revenue | Profit Before | Net Profit | EPS | Div | NTA | ||||||
Quarter | (RM,000) | Tax (RM,000) | (RM,000) | (Cent) | (Cent) | (RM) |
|
||||||
1 | 30/06/2014 | 279,198 | 75,651 | 57,087 | 7.55 | 4 | 1.34 | 27.1% | |||||
4 | 31/03/2014 | 280,373 | 70,272 | 49,157 | 6.63 | 3.5 | 1.27 | 25.1% | |||||
3 | 31/12/2013 | 267,820 | 74,673 | 57,876 | 7.81 | 3.5 | 1.23 | 27.9% | |||||
2 | 30/09/2013 | 280,953 | 82,300 | 63,273 | 8.55 | 3.5 | 1.18 | 29.3% | |||||
1 | 30/06/2013 | 278,014 | 81,917 | 62,912 | 8.56 | 4 | 1.1 | 29.5% | |||||
4 | 31/03/2013 | 269,772 | 81,318 | 62,293 | 8.52 | 3.5 | 1.05 | 30.1% | |||||
3 | 31/12/2012 | 259,565 | 78,368 | 60,529 | 8.28 | 3.5 | 0.99 | 30.2% | |||||
2 | 30/09/2012 | 255,019 | 76,282 | 58,597 | 8.01 | 3.5 | 0.94 | 29.9% | |||||
1 | 30/06/2012 | 247,678 | 69,914 | 53,358 | 7.3 | 0 | 0.9 | 28.2% | |||||
4 | 31/03/2012 | 240,217 | 64,460 | 50,012 | 13.73 | 6 | 1.7 | 26.8% | |||||
3 | 31/12/2011 | 241,951 | 63,902 | 50,703 | 13.93 | 6 | 1.61 | 26.4% | |||||
2 | 30/09/2011 | 229,542 | 59,551 | 46,127 | 12.68 | 6 | 1.53 | 25.9% |
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