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ASEAN STOCK WATCH Asean Affairs   25  March 2011

ASEAN to Consolidate‏

Shayne Heffernan

www.livetradingnews.com

Asean markets will consolidate the recent rally today, over night US stocks extended gains Thursday just as the markets in Asia and the EU, aided by good prospects for earnings, and player buying of this Quarter's high fliers. The S&P 500's closed above 1,305.00, a Key resistance level, auguring further gains.

Based on the latest data we have the US major indexes closed as follows:

The Dow Jones industrial average .DJI gained 85.30 pts, or 0.70%, to 12,171.56. The Standard & Poor's 500 Index .SPX gained 11.96 pts, or 0.94%, to 1,309.50. The Nasdaq Composite Index .IXIC gained 36.12 pts, or 1.41%, to 2,736.42.

The tone of trade has been Green all day. The steady buying interest has the S&P 500 sitting just off of its session high into the close.

Thursday's action has been broad based, as players are very keen on tech stocks and consumer discretionary stocks. Both of those sectors are up 1.4 percent. Financials and energy issues have been less attractive to traders today, lagging a bit. Commodities, other than energy (-0.3%), all finished higher Thursday, led by a 2.3 percent run up in Grains.

Bangkok Thailand, Equities have had a strong run in Bangkok despite the upcoming elections.

Foreign investors were net buyers of THB693 million ($ 22.91 million) worth of Thai stocks Thursday out of a total of THB36.72 billion traded, the Stock Exchange of Thailand said.

In Bangkok yesterday the Stock Exchange of Thailand main index went up 6.85 points or 0.67 to close at 1,034.39 points at the end of trading session on Thursday Afternoon. The trade value was 36.72 billion baht.

Top five most active values were as follows;

BANPU closed at 766.00 baht, up 18.00 baht (2.41%)

JAS closed at 2.88 baht, up 0.24 baht (9.09%)

TMB closed at 2.36 baht, up 0.10 baht (4.42%)

IVL closed at 54.25 baht, up 0.25 baht (0.46%)

KTB closed at 18.40 baht up 0.60 baht (3.37%)

Shayne Heffernan Best Buys are

MAX METAL CORP a buy as they rebuild the business.

The Company was registered on August 30, 1991, [Registration number 0107538000282] and registered as a public company on May 22, 1995. After that as of May 19, 2010, the Company was registered renamed MAX METAL CORPORATION PUBLIC COMPANY LIMITED its registered office address is at 480 Moo 1, Bankai – Banbung Road, Tambon Laharn, Ampur Pluagdaeng, Rayong. Branch office address is at 496-502 floor 18th Ammarin Plaza Building, Plernjit Road, Lumpini, Bangkok.

The Company operates business of proceeds with regarding provision and distribution of steel products and production and distribution of small diesel engine, engine components and spare parts for the agricultural under the trading mark of AMAC “Sing Ka Nong Na”.

Moreover, it is the sole distributor representative of tractor ISEKI in Thailand and neighbor countries and is sole distributor representative of motorcycle MZ in Thailand.

However, in accordance with the minute of the Company’s board of directors meeting No. 3/2010 on February 27, 2010, the meeting is unanimously resolved to cease business operation in sector of agricultural machine (Including motorcycle MZ ) and it accelerates to fully distribute merchandise stock and allotted to use the outstanding of assets for the most useful.

Because of the Company has concluded that to continue its operation in agricultural business may not possible and not available to its commercial value.

Sri Trang expects higher 2011 rubber sale volumes of close to 1 million tonnes, Kittichai Sincharoenkul, an executive director, told reporters today.

He added Sri Trang 2011 average rubber prices of more than $4,000 per tonne this year, up from $3,300-$3,500 per tonne in 2010 ($1=30.24 Baht)

Sri Trang Agro-Industry , Thailand’s largest publicly traded rubber maker is listed in Singapore and Bangkok.

Official says, Thai rubber exports in Y 2011 will double in value on rising World price

Thailand expected to earn twice as much from Rubber exports in Y 2011 from last year on soaring global price and rising demand from China and India, a Thai official said.

Thailand, the world’s largest rubber producer and exporter, could expect to earn US$14B from its exports of about 3M tons of Natural Rubber in Y 2011, Luckchai Kittipol, president of the private Thai Rubber Association, said in an interview.

This is compared to a revenue of US$7B from an amount of exports of 2.7M tons in Y 2010.

Despite the almost same amount of export tonnage, the revenue in USD terms is expected to double on the rising Global Rubber price.

Luckchai said rubber smoked sheet, a Key export item of Thai Rubber products, is likely to fetch a price of US$6,300 per ton this year, compared to US$3,650 per ton last year.

In Singapore yesterday the Straits Times Index gained 0.7 percent, or 20.84 points, at 3,043.03, after rising as much as 1 percent intraday.

Commodity firms sustained Wednesday's gains on continuing expectations of upward commodity price pressures. Olam International led the advance, adding 2.9% to S$2.84. Wilmar International was up 1.3 percent at S$5.30, while Noble Group gained 1.9% at S$2.15.

Keppel Corp. rose 1% to S$11.90 after HSBC issued a bullish report on the rig builder, rating it Overweight with a S$14.20 target price. "We prefer Keppel as valuation estimates offer greater potential return (28% for Keppel versus 13% for Sembcorp Marine)," the house said, adding that global fundamentals for oilfield services are positive.

Today the market should move higher and Shayne Heffernan's best buys are

Singapore Exchange

Singapore Exchange Ltd Upgraded to has been upgraded to a Strong Buy with a 2012 price target of $10.

Singapore Exchange Limited (SGX) is Asia-Pacific’s first demutualised and integrated securities and derivatives exchange.

SGX was inaugurated on 1 December 1999, following the merger of two established and well-respected financial institutions – the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX).

On 23 November 2000, SGX became the first exchange in Asia-Pacific to be listed via a public offer and a private placement. Listed on our own bourse, the SGX stock is a component of benchmark indices such as the MSCI Singapore Free Index and the Straits Times Index.

Home to Singapore’s leading listed companies, SGX is also at the forefront of exchanges globally in attracting international issuers and is rapidly emerging as Asia’s offshore risk management centre for international derivatives.

 

Valuation Ratios

Company Industry Sector S&P 500
P/E Ratio (TTM) 27.77 11.42 20.30 17.76
P/E High – Last 5 Yrs. 24.87 103.42 142.44 89.76
P/E Low – Last 5 Yrs. 15.43 11.49 106.04 12.28
Beta 1.24 1.17 1.21 1.32
Price to Sales (TTM) 13.00 4.07 11.24 2.21
Price to Book (MRQ) 11.62 0.84 1.18 2.99
Price to Tangible Book (MRQ) 14.01 0.74 1.41 5.39
Price to Cash Flow (TTM) 25.72 9.03 16.57 68.54
Price to Free Cash Flow (TTM) 36.69 7.36 4.68 20.80
% Owned Institutions - - - -

 

Dividends

Company Industry Sector S&P 500
Dividend Yield 3.50 1.64 1.77 1.59
Dividend Yield – 5 Year Avg. 4.12 0.73 1.61 2.48
Dividend 5 Year Growth Rate 1.92 75.75 8.17 -5.22
Payout Ratio(TTM) 96.90 13.54 16.28 42.56

 

Growth Rates

Company Industry Sector S&P 500
Sales (MRQ) vs Qtr. 1 Yr. Ago 14.29 3.19 17.67 10.18
Sales (TTM) vs TTM 1 Yr. Ago 5.37 4.56 12.14 10.28
Sales – 5 Yr. Growth Rate 18.42 43.82 18.61 7.34
EPS (MRQ) vs Qtr. 1 Yr. Ago 3.28 -1.21 72.18 77.87
EPS (TTM) vs TTM 1 Yr. Ago -3.14 - - -
EPS – 5 Yr. Growth Rate 24.38 32.63 9.52 4.53
Capital Spending – 5 Yr. Growth Rate 23.54 24.33 10.54 3.43

Historical Surprises

Sales and Profit Figures in Singapore Dollar (SGD)

Earnings and Dividend Figures in Singapore Dollar (SGD)

Estimates vs Actual

Estimate Actual Difference Surprise %
SALES (in millions) 27.77 11.42 20.30 17.76
Quarter Ending Dec-10 166.40 172.25 5.85 3.51
Quarter Ending Jun-10 165.40 162.33 3.07 1.86
Quarter Ending Dec-09 145.90 150.72 4.82 3.30
Quarter Ending Sep-09 181.00 173.40 7.60 4.20
Quarter Ending Jun-09 186.00 170.05 15.95 8.58
Earnings (per share) 14.01 0.74 1.41 5.39
Quarter Ending Dec-10 7.70 7.60 0.10 1.30
Quarter Ending Jun-10 8.00 7.40 0.60 7.50
Quarter Ending Dec-09 10.00 6.70 3.30 33.00
Quarter Ending Sep-09 9.60 8.85 0.75 7.81
Quarter Ending Jun-09 9.00 8.51 0.49 5.44

CWT Ltd is a strong buy in Singapore with a price target of $2.50SGD according to Shayne Heffernan.CWT was set up in 1970 as a private arm of the Port of Singapore Authority (PSA) to provide warehousing and container trucking services in support of the onset of container terminal operations.

One of the earliest logistics and trucking companies in Singapore, they diversified into other logistics and related services including the provision of warehouse management services for the storage and handling of soft and hard commodities, freight forwarding services and engineering services.

CWT was listed on the Singapore Exchange in 1993 and we continued to firmly establish our presence in the region. Monday, 1 Nov. 2010

CWT Limited announced the formation of a new company, Straits Financial LLC (Straits Financial), to clear futures and derivatives trades for its clients. Straits Financial is in the process of registering with the National Futures Association (NFA) as a United States Futures Commission Merchant (FCM) and applying for clearing memberships with the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT). Joseph Mazurek will serve as President of Straits Financial.

CWT Limited (CWT) is engaged in the provision of warehousing and logistics services, transportation services, import and export cargo consolidation and freight forwarding services, engineering services, collateral management services, container depot operations and investment holding.

CWT operates in three business segments: Logistics services, Engineering services and Other services.

Logistics services mainly consist of warehousing, transportation, freight forwarding and cargo consolidation, collateral management services, surface preparation of metal materials for corrosion control and container depot operations.

Engineering services include maintenance and repairs of vehicles and buildings. Other services of the Company consist of project management services and other investment-holding activities. In November 2010, the Company announced the formation of a new company, Straits Financial LLC, to clear futures and derivatives trades for its customers.

Valuation Ratios

Company Industry Sector S&P 500
P/E Ratio (TTM) 3.94 30.35 13.59 17.81
P/E High – Last 5 Yrs. 16.98 42.62 69.83 54.60
P/E Low – Last 5 Yrs. 2.37 11.45 14.48 12.27
Beta 1.37 0.76 1.15 1.32
Price to Sales (TTM) 0.94 1.32 1.28 2.23
Price to Book (MRQ) 1.61 1.62 1.17 3.02
Price to Tangible Book (MRQ) 1.87 2.90 1.53 5.43
Price to Cash Flow (TTM) 3.52 6.17 9.43 74.07
Price to Free Cash Flow (TTM) 17.53 31.37 20.82
% Owned Institutions - - - -

 

Dividends

Company Industry Sector S&P 500
Dividend Yield 2.08 1.80 1.33 1.60
Dividend Yield – 5 Year Avg. 5.02 1.32 1.21 2.51
Dividend 5 Year Growth Rate 23.50 7.63 8.83 -5.56
Payout Ratio(TTM) 28.38 17.06 32.60

 

Growth Rates

Company Industry Sector S&P 500
Sales (MRQ) vs Qtr. 1 Yr. Ago 22.57 10.30 11.56 10.07
Sales (TTM) vs TTM 1 Yr. Ago 19.75 4.41 6.93 10.12
Sales – 5 Yr. Growth Rate 24.66 7.92 6.64 7.33
EPS (MRQ) vs Qtr. 1 Yr. Ago -28.30 22.86 132.66 77.92
EPS (TTM) vs TTM 1 Yr. Ago 415.53 - - -
EPS – 5 Yr. Growth Rate 69.01 9.29 9.69 4.54
Capital Spending – 5 Yr. Growth Rate 65.58 6.47 15.09 3.43


In Kuala Lumpur the index gained 1.87 points or 0.12% to close at 1513.

Most Active KBUNAI, LIONCOR, MIECO, PERISAI, MPAY, LEWEKO, SILVER, IRIS, HUBLINE and AXIATA.

The winners were GENM (+7 sen to RM3.55), AMMB (+6 sen to RM6.36), GAM (+6 sen to RM3.79), MAXIS (+5 sen to RM5.43) and PETCHEM (+3 sen to RM6.76).

The losers were TENAGA (-5 sen to RM6.13), AXIATA (-2 sen to RM4.74), IOICORP (-2 sen to RM5.70), PPB (-8 sen to RM17.02) and UMW (-1 sen to RM7.24).

Market breadth was negative with 306 gainers as compared to 380 losers.

The Finance Index increased 0.19% to 13674.44 points, the Properties Index dropped 0.09% to 1072.08 points and the Plantation Index down 0.03% to 7744.11 points.

The market traded within a range of 4.91 points between an intra-day high of 1514.91 and a low of 1510.00 during the session.

Trading volume decreased to 1042.13 mil shares worth RM1582.93 mil as compared to Wednesday's 1294.52 mil shares worth RM1779.71 mil.

Shayne Heffernan Best Buys are

Yee Lee

Yee Lee has seen a strong run forward since 2009, based on the low P/E this stock should rally back toward $1.50 according to Shayne Heffernan.

The stock has fallen away of late and is great buying at these levels.

The is a legal matter regarding a property rented by one of the companies subsidiaries that should be ignored by investors. I have spoken with Yap Sin Kheong the Yee Lee Group Financial Controller, and the both the company and subsidiary are in sound financial condition and the current litigation.

“First of all, I would like to clarify that the court has not issued the winding up order. The plaintiff lawyer has file a petition winding up to the court and now is pending for hearing. We’ve made an announcement to Bursa Malaysia on 10/03/11 on this matter.

We refused to pay the plaintiff is due to dispute of the handling back of the rented premises to the plaintiff and not because of we are enable to pay the amount. We assured you that this subsidiary is financially sound and we are in the midst of settling this matter” Yap Sin Kheong said today.

This is an International Award Winning Company.

Palm Oil and the other Oils produced by Yee Lee have seen strong demand and strong price increases.

Diversification in to the other retail and industrial products has set a secure future.

Mitrajaya Holdings Bhd has been upgraded to a Strong Buy by Shayne Heffernan with a 2012 price target of 4.10MYR.

Mitrajaya Holdings Berhad is a Malaysia-based investment holdings company. The principal activities of the subsidiary companies are investment holdings, civil engineering, building and road construction works, as well as property development and property management.

In addition, through its subsidiaries, it is also involved in renovations work, supply of construction materials, manufacturing and selling premix and renting of plant and machinery.

Other activities include the provision of photorefractive keratectomy and related services, golf management, maintenance of properties and quarry operations.

The Company has 13 subsidiaries, including Pemninaan Mitrajaya Sdn. Bhd., Daya Asfalt Sdn. Bhd., Dutawani Sdn. Bhd., Mitrajaya Homes Sdn. Bhd., Leo Vista Sdn. Bhd., Awana Prisma Sdn. Bhd. and Kina-Bijak Sdn. Bhd., among others.

In Manila yesterday the Philippine Stock Exchange Index (PSEi) lost 13.98 points or 0.36 percent to close at 3.841.54 points.

The broader all-shares index also slipped by 0.08 percent or 2.44 points to 2,898.95 points.

Turnover weakened, with 778 million shares changing hands at a value of P2.9 billion, or less than the P3.52 billion worth of shares traded the day before.

During trading, 65 stocks declined, beating the 53 that gained.

Ayala Corp., one of the few issues that advanced, saw its shares inch up by 0.33 percent, or 1.20 points, to P358.60 apiece.

All sub-indices closed in the red, led by the mining and oil counters that fell by 1.36 percent or 192.55 points to 13,960.18 points.

Today Manila should see a better day, Shayne Heffernan Best Buys are

First Philippine Holdings Corporation (FPHC) is a holding company. The Company, along with its subsidiaries, is engaged in investments in real and personal properties including, but not limited to, shares of stocks, notes, securities and entities in the power generation, manufacturing and construction, and other service industries.

FPHC is 42.79% owned by Benpres Holdings Corporation of the Lopez family. Its subsidiaries include First Gen Corporation, First Gas Holdings Corporation, First Gen Renewables, Inc., FG Bukidnon Power Corporation, First Philippine Realty Development Corporation and First Philec Solar Corporation, among others.

 

Valuation Ratios

Company Industry Sector S&P 500
P/E Ratio (TTM) 1.22 7.10 8.36 17.27
P/E High – Last 5 Yrs. 59.83 90.07 78.13 88.95
P/E Low – Last 5 Yrs. 4.79 16.48 15.62 12.27
Beta 1.28 0.49 0.51 1.32
Price to Sales (TTM) 0.54 2.16 2.11 2.15
Price to Book (MRQ) 0.52 0.41 0.50 2.91
Price to Tangible Book (MRQ) 0.55 0.45 0.58 5.22
Price to Cash Flow (TTM) 1.09 5.18 6.19 71.05
Price to Free Cash Flow (TTM) 3.96 9.38 9.21 56.55
% Owned Institutions - - - -

 

Dividends

Company Industry Sector S&P 500
Dividend Yield 5.69 2.44 2.40 1.70
Dividend Yield – 5 Year Avg. 2.42 1.46 1.61 2.51
Dividend 5 Year Growth Rate 4.85 6.70 -5.52
Payout Ratio(TTM) 4.60 37.08 35.05 42.58

 

Growth Rates

Company Industry Sector S&P 500
Sales (MRQ) vs Qtr. 1 Yr. Ago 24.13 12.98 16.28 10.05
Sales (TTM) vs TTM 1 Yr. Ago 15.04 10.10 10.68 10.14
Sales – 5 Yr. Growth Rate 8.07 10.09 10.14 7.33
EPS (MRQ) vs Qtr. 1 Yr. Ago -92.06 101.91 138.11 78.04
EPS (TTM) vs TTM 1 Yr. Ago 382.16 - - -
EPS – 5 Yr. Growth Rate 8.17 6.74 6.66 4.43
Capital Spending – 5 Yr. Growth Rate -24.78 24.39 26.68 3.42

 

Ayala Corp. is into property (Ayala Land, Inc.), banking (Bank of the Philippine Islands), telecommunications (Globe Telecom, Inc.), utilities (Manila Water Co., Inc.), power generation exploration (Michigan Power, Inc. under a joint venture with Diamond Generating Asia Ltd. of Mitsubishi Corp.), electronics (Integrated Microelectronics, Inc.), car dealership (Ayala Automotive Holdings Corp.), business process outsourcing (LiveIt Solutions, Inc.) and international investments (AG Holdings, Ltd.).

In Manila Ayala Corp.,the Philippines oldest conglomerate, has approved a 20% stock dividend and an increase in authorized capital by more than half to P56.2 billion to ensure flexibility in fund-raising.

Ayala’s new funding will allow expansion into power and infrastructure, the listed company said in a disclosure yesterday.

Following a special meeting of Ayala Corp, the board of directors approved the declaration of a 20% stock dividend to holders of its common shares.

It also approved an increase of the authorized capital stock from P37 billion to P56.2 billion.

The Ayala board approved the increase in the number of its common shares to 900 million from 596 million at a par value of P50 per share.

The firm plans to create “40 million Series C preferred shares, with a par value of P100 per share and the same basic features as our Series A and B preferred shares.”

Ayala Corp., in an e-mail, said Series A and B preferred shares are redeemable, cumulative and non-participating, non-convertible, non-voting, and do not have pre-emptive rights.

Meanwhile, the Securities and Exchange Commission will finalize the record date for the stock dividend.

The stock dividend will increase the company’s outstanding common shares to 583 million from 485 million, or an additional P33.418 billion based on the closing price of P341.00 per share yesterday.

The company last declared a 20% stock dividend in 2008 and has consistently paid regular cash dividends of P4.00 per share.

 

Valuation Ratios

Company Industry Sector S&P 500
P/E Ratio (TTM) 39.07 29.46 24.20 18.46
P/E High – Last 5 Yrs. 42.89 69.33 137.94 84.86
P/E Low – Last 5 Yrs. 17.58 14.35 104.01 12.38
Beta 1.23 1.38 1.20 1.33
Price to Sales (TTM) 5.46 4.62 5.61 2.27
Price to Book (MRQ) 3.50 3.50 1.21 2.84
Price to Tangible Book (MRQ) 3.49 1.37 1.44 4.80
Price to Cash Flow (TTM) 25.78 12.44 6.23 8.13
Price to Free Cash Flow (TTM) -- 9.05 4.61 35.89
% Owned Institutions - - - -

 

Dividends

Company Industry Sector S&P 500
Dividend Yield 0.62 1.12 1.72 1.53
Dividend Yield – 5 Year Avg. 1.08 0.78 1.60 2.26
Dividend 5 Year Growth Rate 3.71 10.63 7.94 -5.73
Payout Ratio(TTM) 19.54 6.83 15.31 32.94

 

Growth Rates

Company Industry Sector S&P 500
Sales (MRQ) vs Qtr. 1 Yr. Ago 15.51 24.52 15.02 10.17
Sales (TTM) vs TTM 1 Yr. Ago 10.73 20.75 13.70 13.80
Sales – 5 Yr. Growth Rate 11.84 22.89 18.36 7.49
EPS (MRQ) vs Qtr. 1 Yr. Ago 35.25 266.19 64.89 59.95
EPS (TTM) vs TTM 1 Yr. Ago 30.79 - - -
EPS – 5 Yr. Growth Rate 5.82 24.16 9.39 4.88
Capital Spending – 5 Yr. Growth Rate 22.97 23.28 10.46 4.16

Jakarta will see some gains today, Shayne Heffernan best buys are Adhi Karya (Persero), Malindo Feedmill

Shifting investor interest and positive earning reports helped push the Jakarta Composite Index to a second straight day of gains on Thursday.

After years of legal wrangling, the saga of the last 7 percent of Newmont Nusa Tenggara’s divested shares may be at hand.

“The central government will buy the final shares of Newmont,” Finance Minister Agus Martowardojo said on Thursday, dashing the hopes of businesses and governments hoping for a stake in the gold miner.

The government’s presence in the Indonesian unit of the US mining giant will give added value to the company and help it go public, he continued. The deal is expected to cost $271.6 million.

According to NNT’s contract, the government has the right of first refusal. It can also extend the deadline for buying the shares, which it did, pushing the deadline to April 18.

Malindo Feedmill is another good buy PT Malindo Feedmill Tbk is an Indonesia-based company engaged in the agribusiness sector, including the production and sale of animal feed and breeding and distribution of day-old-chick.

Its subsidiaries are PT Bibit Indonesia, PT Prima Fajar and PT Leong Ayamsatu Primadona. The Company’s farms are located in Purwakarta, Wonosari, Probolinggo, Pasuruan and Lumajang.

 

Valuation Ratios

Company Industry Sector S&P 500
P/E Ratio (TTM) 11.22 9.53 16.66 17.76
P/E High – Last 5 Yrs. 19.58 71.82 1,675.37 89.76
P/E Low – Last 5 Yrs. 4.02 15.13 14.65 12.28
Beta -0.18 0.88 0.57 1.32
Price to Sales (TTM) 0.77 1.43 1.82 2.21
Price to Book (MRQ) 6.89 1.24 2.54 2.99
Price to Tangible Book (MRQ) 6.89 1.60 10.57 5.39
Price to Cash Flow (TTM) 9.06 4.64 10.47 68.54
Price to Free Cash Flow (TTM) 59.90 4.42 9.50 20.80
% Owned Institutions - - - -

 

Dividends

Company Industry Sector S&P 500
Dividend Yield 1.93 1.61 1.84 1.59
Dividend Yield – 5 Year Avg. 1.24 1.25 2.48
Dividend 5 Year Growth Rate 1.67 8.98 -5.22
Payout Ratio(TTM) 14.44 14.40 8,539.41 42.56

 

Growth Rates

Company Industry Sector S&P 500
Sales (MRQ) vs Qtr. 1 Yr. Ago 11.16 10.48 6.79 10.18
Sales (TTM) vs TTM 1 Yr. Ago 0.82 7.66 6.76 10.28
Sales – 5 Yr. Growth Rate 33.69 15.53 11.52 7.34
EPS (MRQ) vs Qtr. 1 Yr. Ago 99.30 54.73 18.05 77.87
EPS (TTM) vs TTM 1 Yr. Ago 224.80 - - -
EPS – 5 Yr. Growth Rate 73.30 9.07 7.78 4.53
Capital Spending – 5 Yr. Growth Rate 34.01 38.32 8.40 3.43

Adhi Karya (Persero)

PT Adhi Karya (Persero) Tbk is an Indonesia-based construction company. Its business segments are construction, which includes construction of roads and bridges, irrigation, ports, hotels, hospitals, schools and commercial buildings; engineering, procurement and construction (EPC).

 

Valuation Ratios

Company Industry Sector S&P 500
P/E Ratio (TTM) 8.33 40.00 13.56 17.49
P/E High – Last 5 Yrs. 21.95 85.88 68.99 89.17
P/E Low – Last 5 Yrs. 4.38 12.87 14.30 12.28
Beta 1.77 1.05 1.17 1.32
Price to Sales (TTM) 0.24 4.13 1.34 2.19
Price to Book (MRQ) 1.86 0.52 1.01 2.98
Price to Tangible Book (MRQ) 1.90 0.58 1.35 5.30
Price to Cash Flow (TTM) 6.86 28.64 9.76 72.04
Price to Free Cash Flow (TTM) 7.80 4.55 24.69 20.51
% Owned Institutions - - - -

 

Dividends

Company Industry Sector S&P 500
Dividend Yield 3.58 1.80 1.52 1.60
Dividend Yield – 5 Year Avg. 1.95 0.81 1.20 2.50
Dividend 5 Year Growth Rate -1.18 6.42 9.08 -5.49
Payout Ratio(TTM) 0.00 79.92 16.93 42.50

 

Growth Rates

Company Industry Sector S&P 500
Sales (MRQ) vs Qtr. 1 Yr. Ago -34.25 -1.97 11.99 10.11
Sales (TTM) vs TTM 1 Yr. Ago -24.35 5.87 7.26 10.17
Sales – 5 Yr. Growth Rate 24.03 24.37 7.14 7.34
EPS (MRQ) vs Qtr. 1 Yr. Ago 129.04 34.27 127.17 78.29
EPS (TTM) vs TTM 1 Yr. Ago 74.52 - - -
EPS – 5 Yr. Growth Rate 18.33 24.04 10.15 4.47
Capital Spending – 5 Yr. Growth Rate -11.46 27.01 16.38 3.40

In Jakarta yesterday the JCI advanced 55.41 points, or 1.6 percent, to close at 3,611.64. About 3.9 billion shares valued at Rp 6 trillion ($690 million) changed hands. Gainers beat decliners 172 to 44.

The rupiah strengthened to near its strongest level in almost four years, trading at 8,719 to the US dollar as the market closed on Thursday, from 8,721 on Wednesday.

Bank Central Asia, Indonesia’s largest lender by market value, gained 0.7 percent to Rp 6,850. The bank announced its 2010 net income increased 25 percent to Rp 8.52 trillion last year on higher non-operational revenue.

Coal producer Borneo Lumbung Energi gained 6.5 percent to Rp 1,650 after swinging to Rp 249.16 billion in 2010 profit after a loss of Rp 99.78 billion in 2009.

Telekomunikasi Indonesia, the nation’s biggest telecom, rose 5.2 percent to Rp 7,150. Spokesman Eddy Kurnia said on Thursday that the company would propose a share buyback at the next shareholders’ meeting.

 

 

Shayne Heffernan brings more than 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over US$500m and 1 that reach a peak market cap of US$15billion. He has managed and overseen start-ups in Mining, Shipping, Technology and Financial Services.


 


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Today's  Stories    25  March 2011 Subsribe Now !
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• Germans interested in Malaysia's energy sector

• Quake in Myanmar kills more than 50

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• Cabinet to resolve ethanol impasse

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• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
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• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs  
04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

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