Saturday, January 31, 2009

Eyes on the market (cont.)

Hmm.. Lets talk bout my latest eyes on counter, it start with "W", what we can see here is until last Friday closing price, it already shows some re bounce from the continuous drop since early of Jan'09. within 52 weeks, the price dropped 80% from the highest to the lowest.

In terms of company financial:
Current PE = 5.3+ (last Friday closing price)

Based on 3rd Q financial report:
Current ratio = 1.65
D/E ratio = 0.62
Remark: CR 1.65 still consider "o.k." for me, with the 637M cash on hand. the D/E ratio on 0.62 is a bit high for me especially under current economy trend, the best would be <0.5. roe ="="> 2003: 21%, 2004: 4%, 2005: 16%, 2006: 11%, 2007: 18%
Annual EPS (sen) ==> 2003: 72, 2004: 15, 2005: 40, 2006: 31, 2007: 46
Annual NTA (RM) ==> 2003: 3.47, 2004: 3.60, 2005: 2.53, 2006: 2.77, 2007: 2.62
Remark: ROE positive for all 5 yrs (2004 that have ROE <10% ma="=">my analysis :P) this is a company with good pass performance, any how, the recent issues faced by this company has make the invest on this company become a high risk pick.

If i want for save play, wait for Q4 report. If risk taker, buy in some for contra play, the price start to re bounce since last Friday (big share holder like Tamesak also want to let go the stock ma before the tsunami come :P). On top of this, PE 5.3+ had reduce some risk for the contra play.

Any how, after Tamesak through their hold, it will definately follow by a big drop on the share price after it rise a bit (comment from my tok guru SAM!!).. 买卖自负!!

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