CONTENT

1.0 Company Overview

1.1 About Company…………………………………………………………….1

1.2 Group Corporate Structure………………………………………………….2

1.3 Ten-Year Financial Highlights……………………………………………...3

2.0 Financial Statement Analysis

2.1 Liquidity…………………………………………………………………….4

2.1.1 Current Ratio……………………………………………………...4-5

2.1.2 Quick Ratio………………………………………………………..6-7

2.2 Asset Management…………………………………………………………..8

2.2.1 Inventory Turnover………………………………………………..8-9

2.2.2 Day Sales Outstandings…………………………………………...10-11

2.2.3 Fix Asset Turnover………………………………………………..12-13

2.2.4 Total Asset Turnover………………………………………………14-15

2.3 Debt Management…………………………………………………………..16

2.3.1 Debt Ratio…………………………………………………………16-17

2.3.2 Times Interest Earning……………………………………………18-19

2.4 Profitability Ratio…………………………………………………………...20

2.4.1 Gross Profit Margin……………………………………………….20-21

2.4.2 Operating Profit Margin…………………………………………..22-23

2.4.3 Net Profit Margin…………………………………………………24-25

2.4.4 Return on Asset…………………………………………………...26-27

2.4.5 Return on Equity…………………………………………………..28-29

2.5 Market Value

2.5.1 Price Earning Ratio……………………………………………….30-31

2.5.2 Book Value per Share…………………………………………….32-33

2.5.3 Market Price per Share……………………………………………34-35

3.0 Sector Analysis

3.1 Performance of the Construction Sector…………………………………….36

3.2 Construction Growth………………………………………………………..37

3.3 Construction by Types Activity and Project Owner………………………..37-38

3.4 Completed Project…………………………………………………………..38-39

3.5 Project Location……………………………………………………………..39-40

3.6 Construction Manpower…………………………………………………….40-41

4.0 Country Analysis

4.1 The Malaysia Economy……………………………………………………..42-43

4.2 Domestic Demand Conditions………………………………………………43

4.2.1 Domestic Demand…………………………………………………43-44

4.2.2 Private Consumption………………………………………………44-45

4.2.3 Private Investment…………………………………………………45

4.2.4 Public Comsumption………………………………………………46

4.2.5 Public Investment………………………………………………….46-47

5.0 Conclusion……………………………………………………………………………47