MAA Group Bhd
Buy, Hold or Sell?

I guess you are interested in MAA Group Bhd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse MAA Group Bhd

Let's start. I'm going to help you getting a better view of MAA Group Bhd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

Show more...

Company's Financial Health
A deep dive into the books. How are the numbers doing? Is MAA Group Bhd even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
Market Valuation
Finally, you now have an insight of how MAA Group Bhd is doing in the market. If the company is worth buying. The latest step is to find out how other investors value MAA Group Bhd. The closing price on 2022-10-04 was RM0.38 per share. Is the company over- or underpriced?
Key Performance Indicators
A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.

Summary

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is inefficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry

Solvency Details

	Compared to previous year	Compared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

1.1. Profitability of MAA Group Bhd.

1.1. Profitability

An important factor of a company's health is the profitability.

1.1.1. Net Profit Margin

Measures how much net profit MAA Group Bhd earns for each RM1 of revenue.

Above 10% is considered healthy but always compare MAA Group Bhd to the Insurance industry mean.
A Net Profit Margin of -492.4% means that RM[indicator name=netProfitMargin&period=MRQ&percentage=1 for each RM1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of MAA Group Bhd:

The MRQ is -492.4%. The company is making a huge loss. -2
The TTM is -116.5%. The company is making a huge loss. -2

Trends

Current period		Compared to		+/-
MRQ	-492.4%	TTM	-116.5%	-375.8%
TTM	-116.5%	YOY	35.5%	-152.0%
TTM	-116.5%	5Y	-45.6%	-70.9%
5Y	-45.6%	10Y	-33.7%	-11.9%

Compared to industry (Insurance)

Period	Company	Industry (mean)	+/-
MRQ	-492.4%	5.1%	-497.5%
TTM	-116.5%	7.2%	-123.7%
YOY	35.5%	7.2%	+28.3%
5Y	-45.6%	6.0%	-51.6%
10Y	-33.7%	6.2%	-39.9%

Measures how much net profit MAA Group Bhd earns for each RM1 of revenue.

Revenue is the amount of profit MAA Group Bhd generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you RM3. The company does not earn RM3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is RM1.5.

The RM3 you pay for a cup of coffee is called revenue.
The RM1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit MAA Group Bhd earns for each RM1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare MAA Group Bhd to the Insurance industry mean.
Can be used to compare companies within the Insurance industry.

You typically want a high profit margin. This means that for each RM1 in sales, MAA Group Bhd makes more profit. This shows the investor how efficiently MAA Group Bhd is operating in general and compared to other companies in the same industry. MAA Group Bhd operates in the Insurance industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of MAA Group Bhd. If profit margins remain low (compared to the Insurance industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of MAA Group Bhd is -4.92. This means that MAA Group Bhd earned RM-4.92 for each RM1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Insurance industry is 5.1%.
What is the trend?
The trend is important because it shows you how MAA Group Bhd is performing over time. The most recent quarter might be important if MAA Group Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MAA Group Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare MAA Group Bhd with other companies in the same industry (Insurance).
Net profit margin should rise over the years.
Can be influenced when MAA Group Bhd sells assets (profit will increase while costs remain the same).
It won’t show what part of MAA Group Bhd is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of MAA Group Bhd

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ MAA Group Bhd = -83,365
Total revenue MRQ MAA Group Bhd = 16,932
RM-83,365 / RM16,932 = -4.92 or -492.4%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient MAA Group Bhd is using its assets to generate profit.

Above 5% is considered healthy but always compare MAA Group Bhd to the Insurance industry mean.
-9.8% Return on Assets means that MAA Group Bhd generated RM-0.10 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of MAA Group Bhd:

The MRQ is -9.8%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -2.2%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-9.8%	TTM	-2.2%	-7.6%
TTM	-2.2%	YOY	2.3%	-4.5%
TTM	-2.2%	5Y	-0.5%	-1.7%
5Y	-0.5%	10Y	-0.3%	-0.2%

Compared to industry (Insurance)

Period	Company	Industry (mean)	+/-
MRQ	-9.8%	0.3%	-10.1%
TTM	-2.2%	0.4%	-2.6%
YOY	2.3%	0.5%	+1.8%
5Y	-0.5%	0.4%	-0.9%
10Y	-0.3%	0.4%	-0.7%

Shows how efficient MAA Group Bhd is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better
Above 5% is considered healthy but always compare MAA Group Bhd to the Insurance industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use return on assets in their analysis

Shows the investor how effectively MAA Group Bhd is using its resources to generate profit. If the return on assets (-9.8%) from MAA Group Bhd are higher than the Insurance mean (0.3%) that means MAA Group Bhd is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of MAA Group Bhd is -9.8%. This means the company generated RM-0.10 for each RM1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Insurance industry is 0.3%.
What is the trend?
The trend is important because it shows you how MAA Group Bhd is performing over time. The most recent quarter might be important if MAA Group Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MAA Group Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example MAA Group Bhd

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from MAA Group Bhd = -83,365
Total assets MRQ (balance sheet) from MAA Group Bhd = 853,133
-83,365 / 853,133 = -0.10 or -9.8%

ROA is an important ratio as it will tell you how effectively MAA Group Bhd is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient MAA Group Bhd is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare MAA Group Bhd to the Insurance industry mean.
-18.3% Return on Equity means MAA Group Bhd generated RM-0.18 for each RM1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of MAA Group Bhd:

The MRQ is -18.3%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is -4.2%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-18.3%	TTM	-4.2%	-14.1%
TTM	-4.2%	YOY	3.9%	-8.0%
TTM	-4.2%	5Y	-1.1%	-3.1%
5Y	-1.1%	10Y	-0.8%	-0.3%

Compared to industry (Insurance)

Period	Company	Industry (mean)	+/-
MRQ	-18.3%	2.6%	-20.9%
TTM	-4.2%	2.8%	-7.0%
YOY	3.9%	2.7%	+1.2%
5Y	-1.1%	2.6%	-3.7%
10Y	-0.8%	2.4%	-3.2%

Shows how efficient MAA Group Bhd is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare MAA Group Bhd to the Insurance industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Insurance industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of MAA Group Bhd is -18.3%. This means MAA Group Bhd generated RM-0.18 for each RM1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Insurance industry is 2.6%.
What is the trend?
The trend is important because it shows you how MAA Group Bhd is performing over time. The most recent quarter might be important if MAA Group Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MAA Group Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of MAA Group Bhd

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) MAA Group Bhd = -83,365
Shareholders equity (balance sheet) MRQ MAA Group Bhd = 456,714
-83,365 / 456,714 = -0.18 or -18.3%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of MAA Group Bhd.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient MAA Group Bhd is operating .

Measures how much profit MAA Group Bhd makes for each RM1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare MAA Group Bhd to the Insurance industry mean.
An Operating Margin of 0.0% means the company generated RM0.00 for each RM1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of MAA Group Bhd:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	-	0.0%
TTM	-	5Y	-	0.0%
5Y	-	10Y	-1.2%	+1.2%

Compared to industry (Insurance)

Period	Company	Industry (mean)	+/-
MRQ	-	6.5%	-6.5%
TTM	-	8.1%	-8.1%
YOY	-	15.0%	-15.0%
5Y	-	9.9%	-9.9%
10Y	-1.2%	9.0%	-10.2%

Measures how efficient MAA Group Bhd is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare MAA Group Bhd to the Insurance industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit MAA Group Bhd is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of MAA Group Bhd is 0.0%. This means that MAA Group Bhd earned RM0.00 for each RM1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Insurance industry is 6.5%.
What is the trend?
The trend is important because it shows you how MAA Group Bhd is performing over time. The most recent quarter might be important if MAA Group Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MAA Group Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of MAA Group Bhd

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ MAA Group Bhd = -23,640
Total revenue MRQ MAA Group Bhd = 16,932
RM-23,640 / RM16,932 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient MAA Group Bhd is keeping operating costs low.

Below 1 is considered healthy (always compare to Insurance industry mean).
An Operation Ratio of 7.18 means that the operating costs are RM7.18 for each RM1 in net sales.

Let's take a look of the Operating Ratio trends of MAA Group Bhd:

The MRQ is 7.179. The company is inefficient in keeping operating costs low. -1
The TTM is 2.516. The company is inefficient in keeping operating costs low. -1

Trends

Current period		Compared to		+/-
MRQ	7.179	TTM	2.516	+4.663
TTM	2.516	YOY	0.686	+1.830
TTM	2.516	5Y	1.418	+1.098
5Y	1.418	10Y	1.511	-0.093

Compared to industry (Insurance)

Period	Company	Industry (mean)	+/-
MRQ	7.179	0.866	+6.313
TTM	2.516	0.882	+1.634
YOY	0.686	0.801	-0.115
5Y	1.418	0.809	+0.609
10Y	1.511	0.790	+0.721

Measures how efficient MAA Group Bhd is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare MAA Group Bhd to the Insurance industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of MAA Group Bhd is 717.9%. This means that MAA Group Bhd earned RM7.18 for each RM1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Insurance industry is 0.87.
What is the trend?
The trend is important because it shows you how MAA Group Bhd is performing over time. The most recent quarter might be important if MAA Group Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MAA Group Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example MAA Group Bhd

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
( +121,553) \ 16,932 = 7.18

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of MAA Group Bhd.

1.3. Liquidity

1.3.1. Current Ratio

Measures if MAA Group Bhd is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Insurance industry mean).
A Current Ratio of 0.00 means the company has RM0.00 in assets for each RM1 in short-term debts.

Let's take a look of the Current Ratio trends of MAA Group Bhd:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.000
TTM	-	YOY	-	0.000
TTM	-	5Y	-	0.000
5Y	-	10Y	1.057	-1.057

Compared to industry (Insurance)

Period	Company	Industry (mean)	+/-
MRQ	-	2.713	-2.713
TTM	-	1.621	-1.621
YOY	-	2.632	-2.632
5Y	-	2.665	-2.665
10Y	1.057	1.949	-0.892

Measures if MAA Group Bhd is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Insurance industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for MAA Group Bhd if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of MAA Group Bhd is 0.00. This means MAA Group Bhd has RM0.00 in assets for each RM1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Insurance industry is 2.71.
What is the trend?
The trend is important because it shows you how MAA Group Bhd is performing over time. The most recent quarter might be important if MAA Group Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MAA Group Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example MAA Group Bhd

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
\ ) = 0.00

The current ratio measures if MAA Group Bhd is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if MAA Group Bhd is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then MAA Group Bhd does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate MAA Group Bhd is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if MAA Group Bhd is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare MAA Group Bhd to the Insurance industry mean.
A Quick Ratio of 0.00 means the company can pay off RM0.00 for each RM1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of MAA Group Bhd:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.000
TTM	-	YOY	-	0.000
TTM	-	5Y	-	0.000
5Y	-	10Y	0.135	-0.135

Compared to industry (Insurance)

Period	Company	Industry (mean)	+/-
MRQ	-	5.784	-5.784
TTM	-	1.598	-1.598
YOY	-	1.487	-1.487
5Y	-	2.700	-2.700
10Y	0.135	0.877	-0.742

Measures if MAA Group Bhd is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare MAA Group Bhd to the Insurance industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast MAA Group Bhd can pay off its short term debts. This shows if MAA Group Bhd can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of MAA Group Bhd is 0.00. This means that MAA Group Bhd can pay off RM0.00 for each RM1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Insurance industry is 5.78.
What is the trend?
The trend is important because it shows you how MAA Group Bhd is performing over time. The most recent quarter might be important if MAA Group Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MAA Group Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example MAA Group Bhd

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio MAA Group Bhd: ( + 76,129 +151,126) / = 0.00

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of MAA Group Bhd.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of MAA Group Bhd assets are financed with debt.

Below 1 (100%) is considered healthy (always compare to Insurance industry mean).
A Debt to Asset Ratio of 0.46 means that MAA Group Bhd assets are financed with 46.5% credit (debt) and the remaining percentage (100% - 46.5%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of MAA Group Bhd:

The MRQ is 0.465. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.403. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.465	TTM	0.403	+0.062
TTM	0.403	YOY	0.410	-0.007
TTM	0.403	5Y	0.393	+0.009
5Y	0.393	10Y	0.469	-0.075

Compared to industry (Insurance)

Period	Company	Industry (mean)	+/-
MRQ	0.465	0.846	-0.381
TTM	0.403	0.844	-0.441
YOY	0.410	0.860	-0.450
5Y	0.393	0.860	-0.467
10Y	0.469	0.857	-0.388

Measures how much % of MAA Group Bhd assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake MAA Group Bhd than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of MAA Group Bhd is 0.46. This means means that MAA Group Bhd is financed with 46.5% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Insurance industry is 271.3%.
What is the trend?
The trend is important because it shows you how MAA Group Bhd is performing over time. The most recent quarter might be important if MAA Group Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MAA Group Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why MAA Group Bhd has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example MAA Group Bhd

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
396,419 \ 853,133 = 46.5% or 0.46.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if MAA Group Bhd is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare MAA Group Bhd to the Insurance industry mean.
A Debt to Equity ratio of 86.8% means that company has RM0.87 debt for each RM1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of MAA Group Bhd:

The MRQ is 0.868. The company is very able to pay all its debts with equity. +2
The TTM is 0.682. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.868	TTM	0.682	+0.186
TTM	0.682	YOY	0.696	-0.014
TTM	0.682	5Y	0.656	+0.025
5Y	0.656	10Y	0.502	+0.154

Compared to industry (Insurance)

Period	Company	Industry (mean)	+/-
MRQ	0.868	5.531	-4.663
TTM	0.682	5.431	-4.749
YOY	0.696	5.123	-4.427
5Y	0.656	5.621	-4.965
10Y	0.502	5.676	-5.174

Measures if MAA Group Bhd is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of MAA Group Bhd is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of MAA Group Bhd is 0.87. This means that MAA Group Bhd can pay off RM0.87 for each RM1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Insurance industry is 5.53.
What is the trend?
The trend is important because it shows you how MAA Group Bhd is performing over time. The most recent quarter might be important if MAA Group Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MAA Group Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example MAA Group Bhd

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
396,419 \ 456,714 = 0.87 or 86.8%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of MAA Group Bhd

2. Earnings

2.1. Price to Earnings Ratio

Measures how much money you pays for each share for every $1 in earnings MAA Group Bhd generates.

Above 15 is considered overpriced but always compare MAA Group Bhd to the Insurance industry mean.
A PE ratio of -2.06 means the investor is paying RM-2.06 for every RM1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of MAA Group Bhd:

The EOD is -1.340. Company is losing money. -2
The MRQ is -2.062. Company is losing money. -2
The TTM is 4.304. Very good. +2

Trends

Current period		Compared to		+/-
EOD	-1.340	MRQ	-2.062	+0.723
MRQ	-2.062	TTM	4.304	-6.366
TTM	4.304	YOY	-3.913	+8.217
TTM	4.304	5Y	-2.168	+6.472
5Y	-2.168	10Y	-0.948	-1.219

Compared to industry (Insurance)

Period	Company	Industry (mean)	+/-
EOD	-1.340	8.081	-9.421
MRQ	-2.062	7.969	-10.031
TTM	4.304	6.647	-2.343
YOY	-3.913	6.362	-10.275
5Y	-2.168	4.453	-6.621
10Y	-0.948	4.333	-5.281

Measures how much money the investor pays for each share for every $1 in earnings MAA Group Bhd generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare MAA Group Bhd to the Insurance industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of MAA Group Bhd is -2.06. This means the investor is paying RM-2.06 for every RM1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Insurance industry is 7.97.
What is the trend?
The trend is important because it shows you how MAA Group Bhd is performing over time. The most recent quarter might be important if MAA Group Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MAA Group Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example MAA Group Bhd

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
-83,365 \ 263,733 = -2.06

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of MAA Group Bhd.

Lower is better
A PEG ratio of 1 means the investor is paying a fair price for the stock

Let's take a look of the Price Earnings to Growth Ratio trends of MAA Group Bhd:

The MRQ is 0.011. Very good. +2
The TTM is -0.048. Very Bad. -2

Trends

Current period		Compared to		+/-
MRQ	0.011	TTM	-0.048	+0.059
TTM	-0.048	YOY	-0.050	+0.001
TTM	-0.048	5Y	-0.036	-0.013
5Y	-0.036	10Y	-0.036	0.000

Compared to industry (Insurance)

Period	Company	Industry (mean)	+/-
MRQ	0.011	-0.004	+0.015
TTM	-0.048	0.002	-0.050
YOY	-0.050	-0.013	-0.037
5Y	-0.036	-0.008	-0.028
10Y	-0.036	0.004	-0.040

PEG Ratio	Meaning
0.5	You can buy the stock cheap
1	You pay a fair price
2.5	The stock is overpriced

2. Books

2.3. Price to Book Ratio

Measures if the stock price of MAA Group Bhd is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Insurance industry mean).
A PB ratio of 0.34 means the investor is paying RM0.34 for each RM1 in book value.

Let's take a look of the Price to Book Ratio trends of MAA Group Bhd:

The EOD is 0.219. Very good. +2
The MRQ is 0.338. Very good. +2
The TTM is 0.342. Very good. +2

Trends

Current period		Compared to		+/-
EOD	0.219	MRQ	0.338	-0.118
MRQ	0.338	TTM	0.342	-0.004
TTM	0.342	YOY	0.387	-0.045
TTM	0.342	5Y	0.394	-0.052
5Y	0.394	10Y	0.421	-0.028

Compared to industry (Insurance)

Period	Company	Industry (mean)	+/-
EOD	0.219	0.653	-0.434
MRQ	0.338	0.715	-0.377
TTM	0.342	0.705	-0.363
YOY	0.387	0.529	-0.142
5Y	0.394	0.662	-0.268
10Y	0.421	0.598	-0.177

Measures if the stock price of MAA Group Bhd is to cheap or to expensive compared to its [abbr name=book value&text=What the company is worth when you subtract total liabilities from total assets).

The book value of a company is what remains when you subtract total liabilities from total assets. This can also become negative which means the company has more debts than assets.

The price to book ratio shows the investor if the stock is under or overvalued. A high price to book ratio means that the investor is paying more for a share than the company has in total assets.

How to use PB ratio

A PB ratio of 3 means the investor is paying $3 for each $1 in book value.

Lower is better
At or below 1 is considered healthy
Can be very different between industries
Can be used to compare companies

Why do investors use PB ratio in their analysis

Helps investors to determine if the current stock price is under or overvalued. A low PB ratio means the company’s stock is trading for less than the leftover of total assets - total liabilities. PB ratios can also turn negative which means the company might be in serious financial trouble. In other words, the company has more liabilities than assets.

Things to be aware of

Only compare with other companies in the same industry
Negative PB ratio means that the company might be in serious financial trouble
A higher PB ratio than 1 also means that you are last in line (shareholders get paid last when a company defaults) when the company goes bankrupt for whatever reason.

How to calculate price to book ratio

Calculate the book value: total assets - total liabilities
Calculate book value per share: book value / total outstanding shares
Price to book ratio = share price / book value per share

Real life example

You need the following data to determine Price to book ratio:

Balance sheet
Current stock price
Key performance indicators

1. Calculate the book value: total assets - total liabilities:

Book value = $68,513,000 - $30,855,000 = $37,658,000

2. Calculate book value per share:

Book value per share = $37,658,000 / total outstanding shares (can be found in the latest balance sheet):

Book value per share = $37,658,000 / 3,465,000 = $10.868

3. Price to book ratio = share price / $10.868:

MRQ (most recent quarter) PB ratio = $673.420 / $10.868 = $61,96

The price to book ratio is another way to determine if a stock is under or overvalued. The PB ratio is used to compare the current stock price to its book value. In other words, the PB ratio is used to compare all the assets minus liabilities in relation to the stock price.

If the PB ratio is greater than 1 that means the stock is trading for a higher price than the intrinsic value of the company. Meaning, you pay more than what the company is worth. Although future growth is hard to measure. A higher PB ratio than 1 also means that you are last in line (shareholders get paid last when a company defaults) when the company goes bankrupt for whatever reason.

Book value is limited for companies that offer services because there are not many tangible assets on the balance sheet compared to large manufacturing companies. It also does not take brand names, patents and other things in consideration.

3. Summary

3.1. Key Performance Indicators

The key performance indicators of MAA Group Bhd compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Per Share	-	-	1.732	1.965	-12%	1.947	-11%	1.921	-10%	1.697	+2%
Book Value Per Share Growth	-	-	-0.326	-0.082	-75%	0.088	-471%	0.025	-1408%	0.108	-402%
Current Ratio	-	-	-	-	0%	-	0%	-	0%	1.057	-100%
Debt To Asset Ratio	-	-	0.465	0.403	+15%	0.410	+13%	0.393	+18%	0.469	-1%
Debt To Equity Ratio	-	-	0.868	0.682	+27%	0.696	+25%	0.656	+32%	0.502	+73%
Dividend Per Share	-	-	-	-	0%	-	0%	0.009	-100%	0.008	-100%
Eps	-	-	-0.316	-0.071	-78%	0.074	-525%	-0.016	-95%	-0.008	-98%
Eps Growth	-	-	-195.299	-232.872	+19%	-155.640	-20%	-214.095	+10%	-214.095	+10%
Gains Per Share	-	-	-0.326	-0.082	-75%	0.088	-471%	0.034	-1054%	0.116	-382%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	0.882	+13%
Net Profit Margin	-	-	-4.924	-1.165	-76%	0.355	-1487%	-0.456	-91%	-0.337	-93%
Operating Margin	-	-	-	-	0%	-	0%	-	0%	-0.012	0%
Operating Ratio	-	-	7.179	2.516	+185%	0.686	+946%	1.418	+406%	1.511	+375%
Pb Ratio	0.219	-54%	0.338	0.342	-1%	0.387	-13%	0.394	-14%	0.421	-20%
Pe Ratio	-1.340	+35%	-2.062	4.304	-148%	-3.913	+90%	-2.168	+5%	-0.948	-54%
Peg Ratio	-	-	0.011	-0.048	+557%	-0.050	+570%	-0.036	+438%	-0.036	+438%
Price Per Share	0.380	-54%	0.585	0.673	-13%	0.754	-22%	0.757	-23%	0.779	-25%
Quick Ratio	-	-	-	-	0%	-	0%	-	0%	0.135	-100%
Return On Assets	-	-	-0.098	-0.022	-77%	0.023	-531%	-0.005	-94%	-0.003	-97%
Return On Equity	-	-	-0.183	-0.042	-77%	0.039	-572%	-0.011	-94%	-0.008	-95%
	EOD	+2 -1	MRQ	TTM	+4 -11	YOY	+2 -13	5Y	+3 -13	10Y	+7 -12

3.2. Fundamental Score

Let's check the fundamental score of MAA Group Bhd based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-1.340
Price to Book Ratio (EOD)	Between	0-1	0.219
Net Profit Margin (MRQ)	Greater than	0	-4.924
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.000
Current Ratio (MRQ)	Greater than	1	0.000
Debt to Asset Ratio (MRQ)	Less than	1	0.465
Debt to Equity Ratio (MRQ)	Less than	1	0.868
Return on Equity (MRQ)	Greater than	0.15	-0.183
Return on Assets (MRQ)	Greater than	0.05	-0.098
Total			3/10 (30.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

3.3. Technical Score

Let's check the technical score of MAA Group Bhd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	25.339
Ma 20	Greater than	Ma 50	0.412
Ma 50	Greater than	Ma 100	0.451
Ma 100	Greater than	Ma 200	0.483
Open	Greater than	Close	0.380
Total			0/5 (0.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Latest Balance Sheet

Balance Sheet of 2022-03-31. Currency in MYR. All numbers in thousands.

Summary

Total Assets	853,133
Total Liabilities	396,419
Total Stockholder Equity	456,714

	As reported
Total Liabilities	396,419
Total Stockholder Equity	+ 456,714
Total Assets	= 853,133

Assets

Total Assets	853,133
Total Current Assets	-
Long-term Assets	-

Total Current Assets

Total Current Assets (as reported)	0
Cash And Cash Equivalents	67,431
Short-term Investments	76,129
Net Receivables	151,126
Total Current Assets (calculated)	294,686
+/-	294,686

Long-term Assets

Long-term Assets (as reported)	0
Property Plant Equipment	37,751
Goodwill	29,342
Long Term Investments	325,460
Intangible Assets	1,616
Long-term Assets (calculated)	394,169
+/-	394,169

Liabilities & Shareholders' Equity

Total Current Liabilities	-
Long-term Liabilities	-
Total Stockholder Equity	456,714

Total Current Liabilities

Total Current Liabilities (as reported)	0
Accounts payable	142,327
Total Current Liabilities (calculated)	142,327
+/-	142,327

Long-term Liabilities

Long-term Liabilities (as reported)	0
Long term Debt Total	33,609
Long-term Liabilities (calculated)	33,609
+/-	33,609

Total Stockholder Equity

Total Stockholder Equity (as reported)	456,714
Common Stock	304,354
Retained Earnings	152,360
Total Stockholder Equity (calculated)	456,714
+/-	0

Other

Capital Stock	304,354
Common Stock Shares Outstanding	263,733
Liabilities and Stockholders Equity	853,133
Net Invested Capital	476,516

Balance Sheet

Currency in MYR. All numbers in thousands.

Trend

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2016-03-31

2015-12-31

2015-09-30

2015-06-30

> Total Assets

1,595,000
1,527,000
1,451,000
1,414,000
779,128
814,338
801,894
839,204
826,796
852,359
879,485
880,531
896,648
859,311
846,663
912,542
853,133

853,133

912,542

846,663

859,311

896,648

880,531

879,485

852,359

826,796

839,204

801,894

814,338

779,128

1,414,000

1,451,000

1,527,000

1,595,000

> Total Current Assets

1,195,000
1,183,000
976,000
1,034,000
0
0
0
0
0
0
0
0
0
0
0
0
0

1,034,000

976,000

1,183,000

1,195,000

Cash And Cash Equivalents

313,000
384,000
357,000
347,000
256,840
329,043
311,825
247,245
222,196
168,902
141,564
110,463
128,306
102,914
76,990
84,597
67,431

67,431

84,597

76,990

102,914

128,306

110,463

141,564

168,902

222,196

247,245

311,825

329,043

256,840

347,000

357,000

384,000

313,000

Short-term Investments

0
0
0
0
0
0
82,386
82,449
72,871
86,108
96,869
76,992
92,660
86,679
73,924
0
76,129

76,129

73,924

86,679

92,660

76,992

96,869

86,108

72,871

82,449

82,386

Net Receivables

211,000
182,000
80,000
96,000
0
0
74,051
91,419
97,547
126,870
131,533
122,811
128,796
149,057
149,883
0
151,126

151,126

149,883

149,057

128,796

122,811

131,533

126,870

97,547

91,419

74,051

96,000

80,000

182,000

211,000

Other Current Assets

311,000
282,000
318,000
251,000
0
0
0
0
0
0
0
0
0
0
0
0
0

251,000

318,000

282,000

311,000

> Long-term Assets

Property Plant Equipment

0
0
0
0
9,547
10,096
9,411
23,671
22,444
20,737
18,926
29,404
33,227
30,710
30,860
31,571
37,751

37,751

31,571

30,860

30,710

33,227

29,404

18,926

20,737

22,444

23,671

9,411

10,096

9,547

Goodwill

0
0
0
0
0
0
0
26,911
26,911
26,911
26,911
30,887
30,887
26,911
29,342
29,342
29,342

29,342

26,911

30,887

26,911

Long Term Investments

334,000
264,000
428,000
224,000
0
0
274,461
285,996
287,703
340,411
385,448
417,925
419,181
386,583
371,398
0
325,460

325,460

371,398

386,583

419,181

417,925

385,448

340,411

287,703

285,996

274,461

224,000

428,000

264,000

334,000

Intangible Assets

0
0
0
0
676
680
689
786
883
912
1,013
1,344
1,341
1,321
1,327
1,332
1,616

1,616

1,332

1,327

1,321

1,341

1,344

1,013

912

883

786

689

680

676

Other Assets

0
0
0
0
1,427
877
268
2,261
1,785
1,207
602
4,583
3,533
2,324
1,877
3,234
2,633

2,633

3,234

1,877

2,324

3,533

4,583

602

1,207

1,785

2,261

268

877

1,427

> Total Liabilities

1,163,000
1,111,000
1,013,000
984,000
243,157
280,087
281,233
350,935
362,818
363,315
373,648
347,524
353,286
321,973
310,371
369,757
396,419

396,419

369,757

310,371

321,973

353,286

347,524

373,648

363,315

362,818

350,935

281,233

280,087

243,157

984,000

1,013,000

1,111,000

1,163,000

> Total Current Liabilities

272,000
259,000
483,000
148,000
0
0
0
0
0
0
0
0
0
0
0
0
0

148,000

483,000

259,000

272,000

Accounts payable

267,000
255,000
302,000
144,000
0
0
85,834
113,862
122,390
127,381
134,039
131,262
131,262
112,919
113,625
0
142,327

142,327

113,625

112,919

131,262

134,039

127,381

122,390

113,862

85,834

144,000

302,000

255,000

267,000

Other Current Liabilities

5,000
3,000
136,000
4,000
0
0
0
0
0
0
0
0
0
0
0
0
0

4,000

136,000

3,000

5,000

> Long-term Liabilities

Long term Debt Total

0
0
0
0
5,936
5,384
4,777
13,718
0
0
8,006
14,133
18,730
16,548
15,413
34,658
33,609

33,609

34,658

15,413

16,548

18,730

14,133

8,006

13,718

4,777

5,384

5,936

> Total Stockholder Equity

0
0
0
0
535,971
534,251
517,212
488,269
463,978
489,044
505,837
533,007
543,362
537,338
536,292
542,785
456,714

456,714

542,785

536,292

537,338

543,362

533,007

505,837

489,044

463,978

488,269

517,212

534,251

535,971

Retained Earnings

105,000
104,000
113,000
104,000
231,617
229,897
215,561
183,915
160,827
188,207
208,498
228,653
239,008
232,984
231,938
238,431
152,360

152,360

238,431

231,938

232,984

239,008

228,653

208,498

188,207

160,827

183,915

215,561

229,897

231,617

104,000

113,000

104,000

105,000

Accumulated Other Comprehensive Income

Capital Surplus

Treasury Stock

-7,015

-3,517

-1,203

-132

Balance Sheet

Currency in MYR. All numbers in thousands.

	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
Accounts Payable	131,262	113,862	70,016	60,757	12,116	302,000	442,000	319,000	275,000
Capital Lease Obligations	14,133	13,718	-	-	-	-	-	-	-
Capital Stock	304,354	304,354	304,354	-	-	-	-	-	-
Cash	110,463	247,245	251,132	141,226	157,074	357,245	342,000	182,000	138,000
Common Stock	304,354	304,354	304,354	304,354	273,518	292,693	304,000	304,000	304,000
Common Stock Shares Outstanding	263,733	273,307	273,518	304,354	273,518	292,184	-	-	-
Good Will	30,887	26,911	-	-	-	-	-	-	-
Intangible Assets	1,344	786	658	590	494	3,571	-	-	-
Liabilities And Stockholders Equity	880,531	839,204	756,900	778,595	558,779	1,446,601	-	-	-
Long Term Debt Total	14,133	13,718	0	0	0	0	-	-	-
Long Term Investments	417,925	285,996	239,473	282,518	110,557	428,000	648,000	702,000	525,000
Net Invested Capital	533,007	488,269	530,099	559,326	-	-	-	-	-
Net Receivables	122,811	91,419	47,608	44,322	131,705	80,000	97,000	54,000	278,000
Other Assets	4,583	2,261	2,146	667	0	8,727	-	-	-
Other Current Assets	-	-	-	-	-	318,000	416,000	365,000	246,000
Other Current Liab	-	-	-	-	-	136,000	161,000	186,000	137,000
Property Plant Equipment	29,404	23,671	4,105	4,612	3,686	14,575	-	-	-
Retained Earnings	228,653	183,915	225,745	254,972	272,960	113,467	114,000	117,000	119,000
Short Long Term Debt	-	-	-	-	-	-	-	5,000	4,000
Short Long Term Debt Total	14,133	13,718	-	-	-	-	-	-	-
Short Term Debt	0	0	0	0	0	0	-	5,000	4,000
Short Term Investments	76,992	82,449	64,740	210,748	-	-	-	-	-
Total Assets	880,531	839,204	756,900	778,595	558,779	1,446,601	1,559,000	1,359,000	1,243,000
Total Current Assets	-	-	-	-	-	976,000	866,000	614,000	665,000
Total Current Liabilities	-	-	-	-	-	483,000	659,000	537,000	450,000
Total Liab	347,524	350,935	226,801	219,269	12,301	1,040,885	1,115,000	908,000	789,000
Total Stockholder Equity	533,007	488,269	530,099	559,326	546,478	405,716	-	-	-
Treasury Stock	-	-	-	-	-	-444	-	-	-

	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2016-03-31	2015-12-31	2015-09-30	2015-06-30
Accounts Payable	142,327	-	113,625	112,919	131,262	131,262	134,039	127,381	122,390	113,862	85,834	-	-	144,000	302,000	255,000	267,000
Capital Lease Obligations	13,807	-	15,413	16,548	18,730	14,133	8,006	9,862	11,860	13,718	4,777	-	-	-	-	-	-
Capital Stock	304,354	-	304,354	304,354	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	67,431	84,597	76,990	102,914	128,306	110,463	141,564	168,902	222,196	247,245	311,825	329,043	256,840	347,000	357,000	384,000	313,000
Common Stock	304,354	304,354	304,354	304,354	304,354	304,354	304,354	304,354	304,354	304,354	304,354	304,354	304,354	293,000	293,000	304,000	304,000
Common Stock Shares Outstanding	263,733	263,733	263,733	263,733	263,733	263,732	268,438	268,438	271,526	273,306	272,645	273,289	273,583	-	305,523	400,000	-
Good Will	29,342	29,342	29,342	26,911	30,887	30,887	26,911	26,911	26,911	26,911	-	-	-	-	-	-	-
Intangible Assets	1,616	1,332	1,327	1,321	1,341	1,344	1,013	912	883	786	689	680	676	-	-	-	-
Liabilities And Stockholders Equity	853,133	912,542	846,663	859,311	896,648	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	19,802	19,515	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt Total	33,609	34,658	15,413	16,548	18,730	14,133	8,006	-	-	13,718	4,777	5,384	5,936	-	-	-	-
Long Term Investments	325,460	-	371,398	386,583	419,181	417,925	385,448	340,411	287,703	285,996	274,461	-	-	224,000	428,000	264,000	334,000
Net Invested Capital	476,516	-	536,292	537,338	543,362	533,007	505,837	489,044	463,978	-	-	-	-	-	-	-	-
Net Receivables	151,126	-	149,883	149,057	128,796	122,811	131,533	126,870	97,547	91,419	74,051	-	-	96,000	80,000	182,000	211,000
Other Assets	2,633	3,234	1,877	2,324	3,533	4,583	602	1,207	1,785	2,261	268	877	1,427	-	-	-	-
Other Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	251,000	318,000	282,000	311,000
Other Current Liab	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	136,000	3,000	5,000
Property Plant Equipment	37,751	31,571	30,860	30,710	33,227	29,404	18,926	20,737	22,444	23,671	9,411	10,096	9,547	-	-	-	-
Retained Earnings	152,360	238,431	231,938	232,984	239,008	228,653	208,498	188,207	160,827	183,915	215,561	229,897	231,617	104,000	113,000	104,000	105,000
Short Long Term Debt Total	-	-	15,413	16,548	18,730	14,133	8,006	9,862	11,860	13,718	-	-	-	-	-	-	-
Short Term Debt	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Investments	76,129	-	73,924	86,679	92,660	76,992	96,869	86,108	72,871	82,449	82,386	-	-	-	-	-	-
Total Assets	853,133	912,542	846,663	859,311	896,648	880,531	879,485	852,359	826,796	839,204	801,894	814,338	779,128	1,414,000	1,451,000	1,527,000	1,595,000
Total Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	1,034,000	976,000	1,183,000	1,195,000
Total Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	148,000	483,000	259,000	272,000
Total Liab	396,419	369,757	310,371	321,973	353,286	347,524	373,648	363,315	362,818	350,935	281,233	280,087	243,157	984,000	1,013,000	1,111,000	1,163,000
Total Stockholder Equity	456,714	542,785	536,292	537,338	543,362	533,007	505,837	489,044	463,978	488,269	517,212	534,251	535,971	-	-	-	-
Treasury Stock	-	-	-	-	-	-	-7,015	-3,517	-1,203	-	-132	-	-	-	-	-	-

Cash Flow

Currency in MYR. All numbers in thousands.

	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
Begin Period Cash Flow	247,245	251,132	141,226	157,074	-	-	-	-	-
Capital Expenditures	6,201	3,400	534	784	969	1,681	2,000	3,000	16,000
Change In Cash	-136,782	-3,887	109,998	-15,848	-200,171	14,977	165,000	43,000	-34,000
Change In Working Capital	-49,484	96,030	-26,376	13,862	-13,019	122,289	-	-	-
Change To Account Receivables	-	-	-	-	-	32,000	-50,000	109,000	-56,000
Change To Operating Activities	-	-	-	-	-	20,000	215,000	67,000	30,000
Depreciation	11,703	5,742	959	954	828	3,341	3,000	5,000	4,000
Dividends Paid	0	-16,411	-8,206	-24,617	-117,725	-	-	-	-
End Period Cash Flow	110,463	247,245	251,224	141,226	157,074	-	-	-	-
Free Cash Flow	-47,956	65,664	-40,266	-3,020	-	-	-	-	-
Investments	-75,186	-50,534	155,406	14,468	-103,873	-	-	-	-
Net Income	39,061	-31,262	-27,338	26,344	-20,399	24,462	17,000	5,000	42,000
Other Cashflows From Financing Activities	-729	-263	-	-	-	-20,000	80,000	-105,000	-4,000
Other Cashflows From Investing Activities	-68,985	-47,134	155,940	15,252	-102,904	-21,356	-	-	-
Other Non Cash Items	-20,876	-15,704	-3,959	-23,507	-	-	-	-	-
Sale Purchase Of Stock	-7,015	-175	-	0	-17,617	-7,178	-	-	-
Total Cash From Financing Activities	-15,870	-20,032	-8,206	-24,617	-135,342	-7,178	-26,000	-7,000	-7,000
Total Cash From Operating Activities	-41,401	69,234	-39,576	-2,139	29,938	64,165	119,000	116,000	-25,000
Total Cashflows From Investing Activities	-75,186	-50,534	155,406	14,468	-103,873	-23,037	78,000	-75,000	-9,000

	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2016-03-31	2015-12-31	2015-09-30	2015-06-30
Begin Period Cash Flow	-	76,990	102,914	128,306	110,463	141,564	168,902	222,196	247,245	311,825	-	-	-	-	-	-	-
Capital Expenditures	13,527	4,804	2,835	1,050	330	6,201	3,114	2,214	1,332	3,400	350	1,354	156	0	1,000	1,000	1,000
Change In Cash	-43,032	-25,866	-33,473	-7,549	17,843	-136,782	-105,681	-78,343	-25,049	-3,887	-14,267	77,911	5,708	-10,000	-27,000	71,000	71,000
Change In Working Capital	-97,026	-109,189	-108,747	-66,658	-7,572	-49,484	-42,479	-58,499	-7,634	96,030	-	-	-	-	-	-	-
Change To Account Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	35,000	24,000	3,000	3,000
Change To Operating Activities	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	-2,000	-7,000	-7,000
Depreciation	17,811	14,101	10,463	6,987	3,530	11,703	8,087	5,385	2,725	5,742	1,185	1,381	675	1,000	1,000	1,000	1,000
Dividends Paid	-	-	-	-	-	-	-	-	-	-16,411	-16,411	-	-	-	-	-	-
End Period Cash Flow	-	-	76,990	102,914	128,306	110,463	141,564	168,902	222,196	247,245	311,825	-	-	-	-	-	-
Free Cash Flow	-	-	-40,817	-57,176	110	-21,620	15,184	-28,326	-13,194	-	-	-	-	-	-	-	-
Investments	-	-	12,794	32,968	21,408	-10,152	-39,711	-19,048	-6,275	-45,162	6,717	-	-	-	-	-	-
Net Income	-74,204	11,129	3,190	-1,161	7,742	39,061	15,686	-7,192	-30,508	-31,262	-3,299	-1,625	6,597	0	26,000	-2,000	0
Other Cashflows From Financing Activities	-1,315	-1,056	-795	-527	-236	-729	-525	-384	-210	-263	-176	-150	-	-72,000	-12,000	-9,000	-9,000
Other Cashflows From Investing Activities	52,215	68,087	70,005	55,426	21,738	-68,985	-61,920	-23,109	-4,943	-47,134	-3,696	-10,735	7,337	-	-	-	-
Other Non Cash Items	-	-	-4,988	-3,917	-5,055	-11,620	-2,565	-3,114	-3,577	-	-	-	-	-	-	-	-
Sale Purchase Of Stock	-	-	-	-	0	-7,015	-7,015	-3,517	-1,203	-175	-132	-	-	-	-	-	-
Total Cash From Financing Activities	5,381	8,266	-8,009	-5,309	-2,676	-15,870	-13,494	-7,944	-3,412	-20,032	-18,415	-1,302	-564	-11,000	-9,000	-5,000	-5,000
Total Cash From Operating Activities	-89,314	-98,827	-94,876	-55,877	473	-41,401	-22,943	-39,181	-11,805	69,234	-3,871	93,136	-1,250	68,000	5,000	93,000	93,000
Total Cashflows From Investing Activities	38,688	63,283	67,170	54,376	21,408	-75,186	-65,034	-25,323	-6,275	-50,534	-5,372	-12,089	7,181	-72,000	-13,000	-9,000	-9,000

Income Statement

Currency in MYR. All numbers in thousands.

	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
Cost Of Revenue	-	-	-	-	-	332,000	410,000	330,000	256,000
Discontinued Operations	-	-	-	-	-	-1,000	17,000	17,000	70,000
Ebit	-	-	-	-	-	-18,000	-18,000	-24,000	-18,000
Extraordinary Items	-	-	-	0	283,141	-1,371	-	-	-
Gross Profit	-	-	-	-	-	97,000	92,000	79,000	76,000
Income Before Tax	44,901	-29,525	-24,373	28,628	-20,333	34,069	-	-	-
Income Tax Expense	-	-	-	-	-	13,000	0	8,000	9,000
Interest Expense	677	263	9	0	0	0	0	0	0
Interest Income	-44	-263	4,687	7,627	3,778	6,808	-	-	-
Minority Interest	728	45	-119	-1,208	-	-	-	-	-
Net Income	39,789	-31,217	-27,457	25,136	262,290	24,630	17,000	5,000	42,000
Net Income Applicable To Common Shares	39,789	-31,217	-27,457	25,136	262,290	24,630	-	-	-
Net Income From Continuing Ops	39,061	-31,262	-27,338	26,344	-19,382	-	-	-	-
Net Interest Income	-729	-263	-9	-9	-	-	-	-	-
Operating Income	44,945	-29,262	-29,060	21,001	-24,111	30,265	-18,000	-24,000	-18,000
Reconciled Depreciation	11,883	5,826	1,044	1,025	-	-	-	-	-
Selling General Administrative	67,400	47,919	44,825	39,785	36,275	114,856	-	-	-
Tax Provision	5,840	1,737	2,965	2,284	66	9,607	-	-	-
Total Operating Expenses	155,181	165,038	118,893	56,820	40,048	448,000	521,000	434,000	351,000
Total Other Income Expense Net	7,318	-1,419	-1,409	-1,050	7,218	-	-	-	-
Total Revenue	143,959	116,566	87,287	81,711	2,097	392,245	502,000	410,000	332,000

	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2016-03-31	2015-12-31	2015-09-30	2015-06-30
Cost Of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	67,000	98,000	62,000	81,000
Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,000	1,000	1,000
Ebit	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,000	-11,000	-8,000	1,000
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	25,000	19,000	24,000	27,000
Income Before Tax	-83,205	4,311	7,991	-5,280	14,818	18,125	26,180	29,160	-28,564	-27,479	-3,294	-6,534	7,782	-	-	-	-
Income Tax Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	8,000	-1,000	3,000
Interest Expense	-5,053	-5,145	-5,256	-4,208	-5,291	-8,324	-2,704	-3,288	-3,789	-15,967	26	-	-	-	-	-	-
Interest Income	-59,565	-539	-346	-312	-265	-248	-139	-174	-212	-87	5,186	-	-	-	-	-	-
Minority Interest	1,968	-	1,487	3,055	1,279	980	-118	-	-	-	-	-	-	-	-	-	-
Net Income	-83,365	8,563	5,838	-5,848	9,021	24,355	22,760	23,171	-30,497	-26,258	-3,299	-8,226	6,566	0	26,000	-2,000	0
Net Income Applicable To Common Shares	-83,365	8,563	5,838	-5,848	9,021	24,355	22,760	23,171	-30,497	-26,258	-3,299	-8,226	6,566	-	-	-	-
Net Income From Continuing Ops	-85,333	-	4,351	-8,903	7,742	23,375	22,878	23,316	-30,508	-26,333	-3,304	-	-	-	-	-	-
Net Interest Income	-541	-	-268	-291	-236	-204	-139	-174	-212	-87	-26	-	-	-	-	-	-
Operating Income	-23,640	4,850	8,337	-4,968	15,083	18,373	26,319	29,334	-28,352	-27,392	-3,268	-6,464	7,862	-2,000	-11,000	-8,000	1,000
Reconciled Depreciation	-	-	3,503	3,470	3,567	3,667	2,753	2,700	2,763	-	-	-	-	-	-	-	-
Selling General Administrative	44,714	30,392	23,177	26,779	22,798	23,867	15,309	20,009	20,098	18,049	12,619	12,447	10,630	-	-	-	-
Tax Provision	2,128	-3,628	3,640	3,623	7,076	-5,250	3,302	5,844	1,944	-1,146	10	1,688	1,185	-	-	-	-
Total Operating Expenses	121,553	-	42,475	45,760	36,595	50,816	24,101	33,621	46,643	56,304	40,263	-	-	93,000	129,000	94,000	107,000
Total Other Income Expense Net	16,397	-	9,925	9,048	9,256	-22,248	12,648	7,652	9,266	-4,607	1,099	-	-	-	-	-	-
Total Revenue	16,932	27,408	35,290	27,231	36,872	68,941	50,281	62,781	18,079	28,825	36,969	-	-	91,000	117,000	86,000	108,000

Latest Income Statement (annual, 2020-12-31)

Gross Profit (+$)
totalRevenue	143,959
Cost of Revenue	--
Gross Profit	-	143,959

Operating Income (+$)
Gross Profit	-
Operating Expense	-155,181
Operating Income	44,945	-155,181

Operating Expense (+$)
Research Development	-
Selling General Administrative	67,400
Selling And Marketing Expenses	-
Operating Expense	155,181	67,400

Net Interest Income (+$)
Interest Income	-44
Interest Expense	-677
Net Interest Income	-729	-721

Pretax Income (+$)
Operating Income	44,945
Net Interest Income	-729
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	44,901	37,627 EBIT - interestExpense = -677 39,789 40,466
Interest Expense	677
Earnings Before Interest and Taxes (ebit)	-	45,578
Earnings Before Interest and Taxes (ebitda)	-

After tax Income (+$)
Income Before Tax	44,901
Tax Provision	-5,840
Net Income From Continuing Ops	39,061	39,061
Net Income	39,789
Net Income Applicable To Common Shares	39,789

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	-
Total Other Income/Expenses Net	7,318	729