Financial results

A quick review

Mamee net profit current quarter grew to almost double than a year ealier to RM9.8million. Cash still stable at RM45m and borrowing decreased to RM398k from RM10m Y07.No dividend was declared and net asset also has increased to RM2.35. Hmm..not sure i can keep mamee at my target price eh?

TMI..woa bleeding RM6oom.sigh..jump in too early aiya.sabar2

Zelan bleeding RM131m this quarter.thank god cut loss yesterday.

Parkson..profit grew by 72%.

Faber Group (1368)

Faber Group Berhad (Faber) a member of the UEM Group is listed on the Main Board of Bursa Malaysia Securities Berhad. From a Malaysian hospitality concern in early 1960s, following its successful restructuring exercise and strategic initiatives Faber has grown into a key player in Integrated Facilities Management and Property Solutions sectors.

current price RM0.69

PE 1.63

Real PE 4.23

revenue -11.68%

profit +47.71%

Asset -15.21%

Asset ps RM2.10

liabilities -26.48%

liabilities ps RM1.07

Inventory -32.05%

Short term investment and deposit +2.21%

shot trem investment and deposit ps RM0.58

cash +188.41%

cash ps RM0.38

NTA RM0.86

Proposed div 0.04

div yeild 5.8%

Faber group managed to perform with higher net profit despite reported a lower revenue for this quarter by 15% due to lower cost of sales and expenses bringing a total EPS for y08 to 42.89sen per share. However EPS has increased by 160% from 15.98 was due to disposal of subsidary valued at 26.57 per share. The real value of EPS is 16.33sen, up 2.19% from last year.So, Faber is actually trading at PE 4.23.not sure the way i'm value is right or not, please correct me if im wrong.However the balance sheet continue to be strong and currently trading below NTA value and backed by a quite strong cash.I think Faber doing good on its own way. From being a loss-making, debt-saddled company just several years ago, it is now highly profitable, better liabilities or cash flowand focused with two core businesses which are facilities management (healthcare and non-healthcare) and property development.healthcare industry should be a semi defensive sector but i'm a bit blur about the property division.

Theres no doubt earning from property division going to slow down but i think Faber able to survive well, with PE trading below 10 or at least 15 or 20? :p.I'm sure other property developers going to face the same problem as well.Looks like they are going to declare a divided around 0.04sen which very attractive to me atm.

Public Bank to maintain strong dividend

By Chong Pooi Koon

Published: 2009/02/26

 

Public Bank Bhd (1295) is optimistic of solid earnings growth this year despite a tough economy and has pledged to maintain a high dividend payment.

The largest lender in the country based on market value, and among the most profitable in the region, believes it can maintain its strong earnings momentum and last year's record profit.

"We expect 2009 to be extremely challenging. However, the past few years of building size and market share coupled with the strengthened asset quality will keep us resilient in the face of challenges," co-chairman Tan Sri Thong Yaw Hong told the 3,600 share-holders who attended an annual general meeting in Kuala Lumpur yesterday.

Public Bank's net profit increased 22 per cent to a record RM2.58 billion last year as it earned more from loans and other non-interest income.

Together with a planned final dividend which involved cash and treasury shares, the bank declared an equivalent of 89.8 sen gross dividend last year.
"Shareholders can expect the liberal dividend payout to continue in future, barring unforeseen circumstances," chairman Tan Sri Dr Teh Hong Piow promised.

Still, the prospect of a deeper recession worldwide and a worsening domestic economy could make it more challenging to meet its target of 15 per cent loan growth this year, chief operating officer Leong Kwok Nyem told reporters later.

The latest 50 basis points cut in the Overnight Policy Rate (OPR) will trim two to three basis points off its net interest margin, but is not expected to have a significant impact on its profits, Leong added.

Public Bank's core net interest margin, or the difference between what it earned on loans and paid for funds, stands at 2.4 per cent currently.

Leong said that the lower Statutory Reserve Requirement, or zero-interest deposit placed with Bank Negara Malaysia, helps to offset the impact of margin squeeze.

Falling deposit rates also helps, while its large portfolio of car loans - which locks in fixed rates for years - gives the lender an edge.

Bursa Malaysia Past Bear

Start	Pts	End	Pts	Duration	Loss	% Retrace
June 30, 1981	540.33	Aug 12, 1982	220.74	408	319.59	59.15
Feb 9, 1984	421.60	May 2, 1986	169.83	813	251.77	59.72
Aug 10, 1987	470.17	Dec 7, 1987	223.13	119	247.04	52.54
Jan 5, 1994	1332.04	April 5, 1994	920.28	90	411.76	30.91
Feb 26, 1997	1278.94	Sept 1, 1998	261.33	552	1017.61	79.57
Feb 18, 2000	1021.20	April 10, 2001	547.72	417	473.48	46.37
			Average		453.54	54.71
Jan 14, 2008	1524.69	Dec 22, 2008	873.43     ?	343	651.26	42.71
Time Retracement		Time Forecast
Jan 14, 2008	Target 1	Feb 25, 2009		408
Jan 14, 2008	Target 1	March 6, 2009		417
Jan 14, 2008	Target 2	April 12, 2009		454
Jan 14, 2008	Target 3	July 19, 2009		552
Price Retracement			Price forecast
Jan 14, 2008	1524.69	Target 1	723.00		801.69	52.28
Jan 14, 2008	1524.69	Target 1	690.00		834.69	54.74
Jan 14, 2008	1524.69	Target 2	614.00		910.69	59.73
Jan 14, 2008	1524.69	Target 3	507.08		1017.61	66.74

 

Its worth looking into past history but doing homework also important in to protect our hard earn money. $$