COMPARISON OF MALAYSIA MANUFACTURING COMPANIES BY FINANCIAL STATEMENT ANALYSIS TOOLS

Afagh Malek, Maryam Mohammadi and Fardokht Nassiri

Academica Science Journal, Economica Series, 2012, vol. 1, issue 1, 89-94

Abstract: One of the best ways to get the expected results from trading in the stock market is to acquire a good evaluation of companies’ performance. Similarly, this study aims at comparing the financial performance of Lb Aluminium Berhad and Seal Incorporated Berhad manufacturing companies, which are listed in the main market of Malaysian stock exchange. The data were gathered from the annual reports of companies during last three years and analysed by financial statement analysis tools, which are financial ratio analysis and comparative financial statement analysis. The results of the study show that both companies have enough attractiveness for share traders, but the Lb Aluminium is more preferred by management and investors while the Seal Incorporated Berhad is performing better from competitors and creditors’ points of view. The findings of the study will help companies to judge their present condition and take decisions about their future steps while taking into consideration financial issues. In order to get a broader view and generalized idea about the financial issues of companies the nature of business and industry average should be taken into consideration. A survey based study is suggested to clarify whether market test or profitability ratios have more significant relationship with companies’ performance from share traders’ point of view.

Keywords: financial statement analysis; stock market; industrial products (search for similar items in EconPapers)
Date: 2012
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