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This post has been edited by jimmyttl: Dec 16 2020, 10:20 AM

Both counters have signficant share splitting which is not taking account into, I believe. So check back their share split history which just happened recently ago.

A lot of website especially those newspaper one fail to update frequently.

This post has been edited by cherroy: Jan 23 2008, 04:00 PM

liondiv EPS is not readjusted yet. the real value should be about 20-25cents( based on the 1st quarter EPS of 5.75cents)
PE ratio about 7-8 for liondiv
LIONDIV split with PARKSON


kinsteel EPS about 12-15cents based on 3quarter eps of 10.8cents.
PE ratio about 10 for kinsteel
kinsteel eps differ because of bonus issue(share split)


notice the sharp decline of both counters, its due to splitting.

This post has been edited by beginner: Jan 23 2008, 04:03 PM

Read bout the shares split and division for both stocks some where. Guess Maybank's eps and PE ratio is not that reliable after all. This is 1 thing I hate about Maybank, inefficiency.

GLCs mah can't expect more, no offence, even newspaper also the same, better do your own study or through some professional brokers site of dedicated investment service provider.

Market is actually quite efficient, a stock won't be trading at low insane PE as you mentioned (unless company is expected to make losses in the future). Market will correct themselves, as it is trading at too low (sometimes shares also can be traded at low price or below it value due to market sentiment or bearish mood) people will queue after it or better still taking it into private. If a company worth RM10, while share price is RM3.00 then rich investors can snap up the company at 3.00 and liquidify its asset, instantly make 7.00 out of it.

ah~ cherroy, mr moderator. You're always there explaining things to me, more than what I asked for. LoL.

Am still a little hazy over stock markets in msia as I have been away for a few years den and those stock splits happened around mid oct and I thought I should give Maybank the benefit of doubt this time around. But still, I just wanna clarify it with you guys regarding the current PE ratio and EPS for both stocks, better be sure, after all it is my hard earned monies.

Man~ I just couldn't believe Maybank is still showing me the PE and EPS before the shares split.

Kinsteel lastest earning on 31/9/2007 (quarterly) reported was 4.50 cents.
For LionDiv on 31/9/2007 (Q) was 5.75.
PS: I take no responsible if the data is wrong.

But remember Parkson is no longer under LionDiv as it had distributed all its stake to its shareholders.

PE ratio need to calculate yourself as it is changing everyday due to the price movement.

Hope this will help.

This post has been edited by cherroy: Jan 23 2008, 04:35 PM

actually they cant really do much, cause all EPS are quoted right after their financial year ended. so they cant be constantly updating the information. so before you'd invest or buy into a certain company, make sure u go into the "announcement" section(in the case of maybank online stockbroking service) check out for their latest announcement on profit then calculate yourself, that would be the safest way.

cherroy,
I'll just chuck maybank's data aside and rely on external sources next time around.

beginner,
do they usually state number of outstanding shares circulating in their quarterly report? If not where do you think I can get a reliable figure to be used in EPS's calculation?

Sometimes, forum here provide more information as well, haha, thanks to our fellow forumers that contributed one.

Should be, even some online trading portal provide most information regarding individual company. KLSE website also got. Check pinned section of the 'useful link' thread, there are some useful website to refer.

Cheers

check from your online trading tools, such as maybank2u, they do give reliable numbers but you have to check under "announcement" part for updated ones.

i attached one of the examples from kinsteel for you to refer.


Attached thumbnail(s)

Kinsteel wants to list Perwaja

KUALA LUMPUR: Kinsteel Bhd said yesterday it has submitted a proposal to the Securities Commission to list 51%-owned unit Perwaja Steel Sdn Bhd on Bursa Malaysia main board.

The flotation would entail the incorporation of Perwaja Holdings Bhd as the holding company of Perwaja Steel via a share swap with 500 million shares in Perwaja Steel issued to Kinsteel (51%) and Maju Holdings Bhd (49%) respectively, a company statement said.

It would also involve the issuance by Perwaja Steel of 156.12 million 10-year 4% irredeemable convertible unsecured loan stocks (Iculs) in Perwaja Steel to Kinsteel at 10 sen per Icul, convertible into 156.12 million new shares in Perwaja Steel at a conversion price which represents the initial public offering (IPO) price via tendering of one Icul and the balance in cash.

This would be followed by the public issue of 60 million new Perwaja Steel shares and an offer for sale of 90 million shares in Perwaja Steel by Equal Concept Bhd (a subsidiary of Maju) and Kinsteel at IPO price to be determined later, the statement added.

Kinsteel non-executive chairman and Perwaja Steel executive chairman Tan Sri Abu Sahid Mohamed said in the statement it was time to list Perwaja Steel to benefit shareholders following the success of the strategic alliance between Maju and Kinsteel.

He said the flotation would allow Kinsteel to grow its downstream activities of manufacturing sections, bars, wire rods and bolts and nuts.

Kinsteel and Perwaja Steel managing director Tan Sri Pheng Yin Huah said Kinsteel would continue to be an integrated steel manufacturer post-listing. The Perwaja Steel listing, he added, would allow the segregation of its core business.

Pheng said the injection of capital raised from the listing of Perwaja Steel was expected to provide the company the opportunity to expedite future projects that would be earnings enhancing.

Kinsteel Bhd OSK Research expects the proposed listing of Kinsteel Bhd's subsidiary Perwaja Steel Sdn Bhd to facilitate the expansion of Kinsteel's upstream operation.

The exercise would "unlock" the hidden value of Perwaja Steel, which had managed to ramp up Kinsteel production of direct reduced iron since its acquisition in 2006, it said.

The research house has maintained its buy call on the counter.

the price didnt go up much