RNAV = Revised Net Asset Value.

Usually RNAV is the estimated net worth of the company taking all asset of the company minus all liability at face value if it is liquidized and all assets sold. RNAV calculation is used to estimate ongoing business compared to peers. In RNAV assets are estimated accordingly some using book value, purchase value, DCF, PE ratio using estimates and comparison.

RNAV shows a bigger and better picture on the company worth compared to book value in which some book value figures are not revised frequently and on-going company business are not reflected in book value.

Usually RNAV is used for conglomerate with lots of different business or asset company in which one method of calculation is not sufficient.

Some companies like property companies are usually selling below RNAV as some of the asset like land is not income producing, hence the discount to RNAV is only an estimate of the company liquidation potential.

RNAV is not a good indicator for the ongoing future business but merely the net worth of the asset held by the company.

Help please.

Using Yahoo to get the daily historical prices of some KLSE companies. But the prices are about a week or 2 behind.

a. How can I get the up to date prices from Yahoo? Pay for it?
b. Any other web sites I can get up to date daily prices? Have tried Bloomberg but find it very difficult to find the things I am looking for.

Many thanks.

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Looking at FIMA's latest report. Saw that the profit after tax is half of the corresponding previous quarter though revenue this quarter was higher. Found out that this was beacuse of higher tax they paid (more than the normal company's tax rate) due to deferred tax and disallowed tax deductions.

a. What is provision of deferred tax and how does that result in more tax being paid?
b. Is disallowed tax deduction a common thing practised in M'sian companies to maximise profit and thus nicer report card? I will watch out for companies with too many of this type of disallowed tax deduction corrections.
c. Is there a tax penalty if a company makes too many/repeated disallowed tax deductions?

Thanks.

You can start by reading these books

for the buy/sell you will be incurred a brokerage + clearing fee + stamp duty for each buy and sell

brokerage can range from min (RM8.88 to RM28) to % of the value of your buy/sell as diff broker charge different rate

clearing fee and stamp duty is 0.1%(round up to nearest $) and 0.03%