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Last Price Today's Change   Day's Range   Trading Volume
0.565   -0.01 (1.74%)  0.565 - 0.59  19,500
993 comment(s). Last comment by kyosan at Jun 7, 2018 12:49 PM
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koowakzai
62 posts

Posted by koowakzai > Feb 27, 2018 11:52 AM | Report Abuse

Shall i hold thru earning ? Or take profit ?


moguiyu
141 posts

Posted by moguiyu > Feb 27, 2018 12:35 PM | Report Abuse

next limit up shall be PPHB


kryzariq
16 posts

Posted by kryzariq > Feb 27, 2018 04:04 PM | Report Abuse

got project for coming election ha?


Sebastian Sted Power
2552 posts

Posted by Sebastian Sted Power > Feb 27, 2018 05:16 PM | Report Abuse

QR below my expectation


trulyinvest
834 posts

Posted by trulyinvest > Feb 27, 2018 05:19 PM | Report Abuse

Trap... aiyo


trulyinvest
834 posts

Posted by trulyinvest > Feb 27, 2018 05:23 PM | Report Abuse

Qoq down yoy down.. very bad result


koowakzai
62 posts

Posted by koowakzai > Feb 27, 2018 05:39 PM | Report Abuse

Profit margins of 8.2% not to bad , same as muda.


Sebastian Sted Power
2552 posts

Posted by Sebastian Sted Power > Feb 27, 2018 05:40 PM | Report Abuse

its not bad but just not good enough


PoormanTrader
39 posts

Posted by PoormanTrader > Feb 27, 2018 05:44 PM | Report Abuse

Orna lived the hype


Sebastian Sted Power
2552 posts

Posted by Sebastian Sted Power > Feb 27, 2018 05:58 PM | Report Abuse

ORNA hebat!


stteck
586 posts

Posted by stteck > Feb 27, 2018 06:04 PM | Report Abuse

Why property value gain is only 1.3 million being recognized? Not 7 million ?


Jamaica
19 posts

Posted by Jamaica > Feb 27, 2018 06:33 PM | Report Abuse

Result no good. Should see a bit improve there but nothing. Better switch to Master tomorrow. Orna a bit high.


CFTrader
747 posts

Posted by CFTrader > Feb 27, 2018 07:05 PM | Report Abuse

1. Oh boi ... today the hype, tomorrow the disappointment ...

2. stteck any reason why 7 million should be the figure but not 1.3 million ?

3. Increase in the manufacturing cost and unrealized loss of foreign currency is the one which dragged down the profit after tax ... this is soften by 1.3m revaluation gain (which is not a real gain) ... If we remove the revaluation gain and focus purely on the operational profit, it is down 40.4% YoY basis ...

Sincerely
CFTrader


stteck
586 posts

Posted by stteck > Feb 27, 2018 07:22 PM | Report Abuse

CFT trader , thanks for your analysis. Expecting the share price to drop back to 0.63-0.65 tmr


dunspace
293 posts

Posted by dunspace > Feb 27, 2018 07:58 PM | Report Abuse

1.Old properties in Penang still not revalued yet.
2. This year very heavy investment into PPE. Fruits won't bear so fast.
3. The sector is growing. Therefore, the heavy investment into PPE.


dunspace
293 posts

Posted by dunspace > Feb 27, 2018 08:01 PM | Report Abuse

They have proven their expertise in getting a good ROE, I believe they have taken cost measures for years ahead to increase their profit margin while increasing their revenues.


dunspace
293 posts

Posted by dunspace > Feb 27, 2018 08:02 PM | Report Abuse

In regards to dividend, you can see the they are reinvesting into their development. Therefore, it is not a good time to declare any dividend if the management believes into getting a higher return on their reinvestment.


stteck
586 posts

Posted by stteck > Feb 27, 2018 11:04 PM | Report Abuse

Year 2015 and 2016 were exceptional years for the P&L of PPHB where MYR depreciated signifcantly to average 3.91 an 4.14 from 3.27 of year 2014. That led to exceptional forex gain to PPHB of 1.3mil and 1.1mil respectively, whereas in a stable currency period (3.1-3.5) PPHB should have a minimal impact (+/- 300-400K) from the forex affect. in year 2017, the net forex effect is -587k and which has returned to the normal impact. So if without the exceptional impact, the PAT for year 2015 and 2016 should be stood around 13mil and 15mil (the PAT in prior was 11.5mil). And that the PAT of 15mil for year 2017 wasn't look so negative inspite of the upheavel of MYR and paper price in the 2nd half, and it seems things are under control by the management.


stteck
586 posts

Posted by stteck > Feb 27, 2018 11:10 PM | Report Abuse

And now PPHB is in a net cash position (total cash > total borrowings), the last 4 years were all negative.


kryzariq
16 posts

Posted by kryzariq > Feb 28, 2018 09:31 AM | Report Abuse

very cheap selling..qr bad gap down, qr good also gap down..oh malaysia traders


moguiyu
141 posts

Posted by moguiyu > Feb 28, 2018 10:09 AM | Report Abuse

众同行脸青青,唯独我脸红红~~~害羞


CFTrader
747 posts

Posted by CFTrader > Feb 28, 2018 12:27 PM | Report Abuse

in reply to dunspace, i have several different view on your statement.

1. Revaluation gain is a paper gain, it's just like " hey, I'm not a millionare, please revalue my house into a value of 2 million so that i can claim myself a millionare" . We the value investor are more concern about real profit, when i say real, i can see the cash flow in. Yes, I'm talking about

2. I'm not quite sure that the increase of cost is due to "heavy investment in PPE" . In the cashflow statement, they just put a "non-cash item adjustment" , but according to the Segment B2, it is due to increase in manufacturing cost. I'll assume it's not due to Heavy Investment in PPE depreciation charge....

3. As per my statement 2.


Regards,
CFTrader


CFTrader
747 posts

Posted by CFTrader > Feb 28, 2018 12:31 PM | Report Abuse

stteck, you are very knowledgeable about PPHB.

I would like to ask your opinion. Removing all the forex factor, what is the organic growth % of PPHB every year ? 10% ? 15 % ?


stteck
586 posts

Posted by stteck > Feb 28, 2018 02:07 PM | Report Abuse

Hi CFtrader, after removing all the forex factors, the CAGR (2013-2017) for revenue is 5.2%, opex is 5.0%, EBITDA is 6.3%, PBT is 8.4%, it is below your expectation of 10%-15% every year.


stteck
586 posts

Posted by stteck > Feb 28, 2018 02:10 PM | Report Abuse

if without exceptional gain/loss (include revalution gain), the CAGR of PBT is 6.5%


dunspace
293 posts

Posted by dunspace > Feb 28, 2018 02:12 PM | Report Abuse

@CFTrader,

1. As a value investor, I assume that I am buying not just a share of the company but the whole company itself. How can you say that Revaluation Gain is a paper gain? Assuming you buy the company and wanted to sell some of their properties, are you going to sell the properties at PAST COST? Obviously no, property is also a form of assets in the company, do not overlook it. Future cash flow depends on your judgement, do you believe in the management by looking into their past records? it is up to you, i am just stating that a huge chunk of value is still hidden due to the properties not being revalued.

2. I never mention the increased cost is due to the PPE investment, I say that PPE investment won't bear fruits so fast.


stteck
586 posts

Posted by stteck > Feb 28, 2018 02:44 PM | Report Abuse

I am fully agreed with dunspace for #1, when you sell a property at current value (provided current value > cost of purchase), the profit and cash is actually real. It depends on the company's strategy to hold it or divest it for other purpose, but the purpose of revaluation is very clear that the book/accounts are presented in a true and fair view to investors. Bear in mind, revaluation may not be always gain, it may be loss as well.


dunspace
293 posts

Posted by dunspace > Mar 1, 2018 09:04 AM | Report Abuse

surveying https://klse.i3investor.com/blogs/main/149029.jsp


monkeyinvestor
969 posts

Posted by monkeyinvestor > Mar 5, 2018 09:52 AM | Report Abuse

get some at 0.660


shamopi
77 posts

Posted by shamopi > Mar 14, 2018 08:10 PM | Report Abuse

Agreed with stteck, bear in mind unless the property was sold at above book value price. This is no a true gain to the Company. It is merely a paper gain


moguiyu
141 posts

Posted by moguiyu > Mar 19, 2018 05:06 PM | Report Abuse

.一枝独秀


stteck
586 posts

Posted by stteck > Mar 24, 2018 10:50 PM | Report Abuse

According to the memorandum on sanctions against China signed by Trump in the middle of the night, about $50 billion worth of Chinese imports, which were taxed at 25%, cover everything from shoes, leather, furniture, clothing to electronics. There are about 1300 kinds. At present, the cost of manufacturing in China is no longer competitive compared with Southeast Asia. Once the tariff is increased by 25%, That means they won't be able to find buyers in the United States, and the packaging and printing industries that support them are bound to be affected.

从特朗普半夜签署的制裁中国的“备忘录”来看,被征收25%减税的总价值约500亿美元的中国进口产品涵盖从鞋子、皮革、家具、衣服到电子产品等各个方面,大约有1300种。

目前中国制造的成本与东南亚相比已经无竞争力可言,一旦加征25%的关税,意味着这些产品将在美国找不到买家。而为这些行业提供配套的包装印刷行业也必定受到影响。


Sebastian Sted Power
2552 posts

Posted by Sebastian Sted Power > Mar 27, 2018 04:43 PM | Report Abuse

today seem like company buy back


husky88
598 posts

Posted by husky88 > Apr 7, 2018 12:33 PM | Report Abuse

Stteck, you still hold pphb?


Lim Tek Wai
897 posts

Posted by Lim Tek Wai > Apr 9, 2018 03:37 PM | Report Abuse

QR below my expectation


Matthieu Seven
225 posts

Posted by Matthieu Seven > Apr 10, 2018 03:21 PM | Report Abuse

My other counter all back to average price but only this garbage counter still drop. I bought 62-63cents also die


Jo E Foo
1 post

Posted by Jo E Foo > May 20, 2018 08:45 PM | Report Abuse

Anyone has information on PPHB's customer base, ie: what sectors are they mainly from?


stteck
586 posts

Posted by stteck > May 21, 2018 03:42 PM | Report Abuse

No buy this counter, focus on muda and orna is enough


AllWin
766 posts

Posted by AllWin > May 29, 2018 10:51 AM | Report Abuse

stteck, look at another peer.... Kpscb.


trulyinvest
834 posts

Posted by trulyinvest > May 29, 2018 01:57 PM | Report Abuse

Stil weak result


harvestent
59 posts

Posted by harvestent > Jun 7, 2018 10:29 AM | Report Abuse

why this rubbish never move ?


harvestent
59 posts

Posted by harvestent > Jun 7, 2018 10:30 AM | Report Abuse

anyone want buy queue at 0.6 ? i wan throw out rubbish pphb..


kyosan
538 posts

Posted by kyosan > Jun 7, 2018 12:49 PM | Report Abuse

this company PPHB should be good...only bcoz they need more profit to boost confidence of investor, new acquisition should be some catalyst,

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