LTKM 分析

LTKM BERHAD
生产LKT 鸡蛋

30大股东：

SHARES OUTSTANDING
LARGEST 30 SHAREHOLDERS
BALANCE FLOAT
41,132,002
31,373,802
23.72%
TOP 30 SHAREHOLDERS
#
SHAREHOLDER SHARES
HELD
%
1
LADANG TERNAKAN KELANG SB
7,181,000
17.46%
2
LADANG TERNAKAN KELANG SB
6,586,700
16.01%
3
LADANG TERNAKAN KELANG SB
6,000,000
14.59%
4
LADANG TERNAKAN KELANG SB
3,976,200
9.67%
5
PUI CHENG WUI
1,739,100
4.23%
6
PHUAH CHAI TIN
900,500
2.19%
7
LADANG TERNAKAN KELANG SB
750,002
1.82%
8
KOK CHIEW HENG
350,000
0.85%
9
CHUA SIM NEO @ DIANA CHUA
309,400
0.75%
10
KOPERASI POLIS DIRAJA MSIA BHD
279,000
0.68%
11
CHIA SONG SWA
262,400
0.64%
12
WONG HOK YIM
243,000
0.59%
13
LENG TONG CHOO
217,800
0.53%
14
PUBLIC INVEST NOMS SB PLED SEC ACC - YOONG FUI KIEN
209,200
0.53%
15
TAN SOON HUI
201,800
0.49%
16
LIM HOOI TIN
200,000
0.49%
17
YONG NGET MIN
196,000
0.48%
18
TAN AH MOI
176,000
0.43%
19
LIM SZE YING
160,000
0.39%
20
ECML NOMS SB VISITOR CHRISTIAN BROTHERS SCHOOLS MSIA
157,100
0.38%
21
HONG WENG HWA
156,500
0.38%
22
LEE CHEE GAIP
154,000
0.37%
23
HLG NOM SB PLED SEC ACC - TAN YEE BOON
140,700
0.34%
24
TA NOMS SB PLED SEC ACC - KOH KWEE CHOO
140,000
0.34%
25
CALIBRE PORTFOLIO SB
130,000
0.32%
26
AIBB NOMS SB PLED SEC ACC - TAI KOK KONG
123,900
0.30%
27
TAN YEE BOON
113,500
0.28%
28
TAN LAI SOON
108,000
0.26%
29
CITIGROUP NOMS SB PLL - ROBOTTI GLOBAL FUND LLC
107,000
0.26%
30
TAN KARK BIN
105,000
0.25%

股票总数=41132002unit
最近一年的eps=45.1sen
NTA=RM2.305
ROE=19.56%
目前PE=3.082
6倍PE目标价=2.70
DE RATIO=0.27
DY=5.75%

根据截至2009年3月的财报：
property, plant, and equipment占total equity and liabilities 的比率=60.99%（比率越低，竞争能力越强）

cash flow:
资本开支：净利润（purchaseproperty, plant and euipment/profit before tax)=39.4%【安全的现金流-低于50%】

net working capital=current asset-total liabilities=RM0.332 （保证值）

3年最低=0.85；
3年最高=1.58

竞争对手：
LAYHONG
LHH
TPC
EMIVEST
CCK


结论：
最新一季的收入很高，拉高了总收入，崮中原因若属正常，应该值得投资。
PE过低的原因不明，自2005-2009年的PE历史显示，他的PE处于3.2-8.07之间。因此目标价可设在2.25-2.70之间。