Horizon.my

Net Cash = Cash – Borrowings
Cash includes bank balances, deposits, cash and Money Market Instruments (which may be reported as “Short Term Investments” by some companies – eg Genting) but excludes Cash held under Housing Development Accounts in the case of companies which are involved in property development.
Borrowings comprise of interest bearing debt and include [...]

NTA = (Shareholders Funds – Intangible Assets) / No of Issued Shares
This is a quick and useful way to get a feel for a company’s value. For example, if a company’s NTA is RM1.50 and its share price is RM3.00, it implies a company’s share price is trading at twice its tangible book value.
This in [...]

Beware of Land Banking fraud.
An article published by The Mirror UK on 28/8/08 entitled “Land International Scam surfaces as Sherwood Henderson”. Read it for yourself here before you invest money in UK Land Banking schemes:
http://blogs.mirror.co.uk/investigations/2008/08/land-international-scam-resurf.html

EV = Market Cap + Net Borrowings
It is a measure of the value of a company’s businesses excluding the cash holdings and financial debt of the company. If a company has more cash than borrowings, then its EV will be Market Cap less the net cash position.
Why Do We Have to Look at EV and [...]

Market Capitization or Market Cap = Number of Issued Shares x Latest Share Price
For example if a company has 100 million shares and its share price is RM5, its market cap is RM500 million. In theory the stock market is placing a value of RM500 million for that whole company.

Note: Appraising a company’s true value [...]

In this website, you will see some financial terms or ratios which we use quite often. Click on the below links to see what we mean.
Market Value Indicators
Market Capitalization
Enterprise Value
Net Tangible Assets
Valuation Indicators
PE Ratio
EV / EBIT (or EBIT Multiple)
Forward Earnings & PEG Ratio
Dividend Yield
Financial Strength Indicators
Net Cash
Gearing
Interest Cover
Efficiency Indicators
Capital Employed
Return on Equity
Return on Capital [...]

There is an article in The Star, Saturday 27/9/08 which quoted Cheah Tek Kuang as saying that Malaysian companies are looking to borrow from banks because the domestic bond market has dried up. Most Malaysian companies are healthy and it does not make sense for them to issue bonds at current prices.
Basically AMMB’s performance targets remain [...]

as per AMMB 2008 Annual Report