POH KONG HOLDINGS BHD
KLSE (MYR): POHKONG (5080)
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Last Price
1.11
Today's Change
+0.06 (5.71%)
Day's Change
1.06 - 1.14
Trading Volume
9,355,200
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Discussions
5 people like this. Showing 50 of 3,843 comments
Average January 2024 gold price was USD2050 per ounce only. At this time Pong Kong make very high profit margin. Now the gold price is USD2300. As long as the gold price above USD2000, Poh Kong profit is promising great.
3 weeks ago
In fact, central banks around the world are starting to stock gold. I think gold can reach usd3,000.
3 weeks ago
Hi Invest_888, gohkimhock I would like to ask why Poh Kong suddenly drop today ?
3 weeks ago
@justin tan don't be swayed by the daily movement of gold price. Look at the bigger picture. This year definitely be a great year for gold.
3 weeks ago
@gohkimhock yes i strongly believe in that
Whether or not there is rate cut from FED, gold price might strong enough to hold at this current level.
The only thing, is the financial reports from gold retailers like Pohkong or Tomei.
Oh yeah, dont forget about mining companies guys. Since metals are on high demand around the world. 🤔
3 weeks ago
As the probability of escalation war between Iran & Israel is becoming lower, the gold price will drop. Also the improvement in employment and higher inflation that causing the delay in interest cutting in US also bring pressure to the gold price.
Justin Tan
Hi Invest_888, gohkimhock I would like to ask why Poh Kong suddenly drop today ?
3 weeks ago
Higher and higher US national debt and de-dollarization support the gold price. Poh Kong share price is now undervalued. Next financial QR, Poh Kong should has a record-breaking profit.
3 weeks ago
Next financial QR, Poh Kong should has a record-breaking profit. Tomei QR will release first, around 3 more weeks. the result will be fantastic bcs the gold price is above USD2000 per ounce. Due to this, I believe the Poh Kong share price will increase significantly too. Now gold price is USD2331 per ounce.
2 weeks ago
Hi Invest_888 I like your optimism and positivity. You are correct to expect good QR for Poh Kong and Tomei. However, generally speaking, in an efficient market, these factors are already built into the price. It may be a case of buy the rumour and sell the fact. The price of gold in USD had broken up above the cup and handle pattern. Long term, it is very bullish. In the immediate short term, a healthy correction is warranted. A retracement downwards to USD 2150 to USD 2200 support level is possibble
2 weeks ago
Hi cherasman, "buy the rumour and sell the fact". It seems to be correct but you can't earn decent money from great stocks like YTL/YTLP.
Anyway, I am still waiting for the best QR. Moreover, if the wars in Urkraine and Middle east is becoming worse, gold stock like Poh Kong can hedge against uncertainty. Portfolio balancing is important for me.
2 weeks ago
Exciting in Tokyo! PohKong-like Tsutsumi Jewelry ( ジュエリーツツミ), which I shifted capital to after selling Tenaga recently, rises 4.3% into the black after commissions! About time its huge inventory reflected soaring Gold prices too!
2 weeks ago
From 2001 to 2023, there is a 0.74 correlation between the revenue of Poh Kong and the price of gold. This meant that about half of the changes in Poh Kong’s revenue can be explained by changes in the price of gold.
Gold prices have been on an uptrend over the past couple of months. I am not sure whether it will continue to go up further. But I am sure that Poh Kong will have bettter business results in the short term to mid-term.
https://i.postimg.cc/BZdhwfcV/Chart-6.png
The interesting thing is that from a short term (6 months) perspective, there were more than 80% correlation between Poh Kong share price and gold prices during periods of gold price uptrends.
For the investor, there are 2 questions when looking at Poh Kong
• Will gold prices will continue to go up?
• Have the share price fully captured all the gold price increase?
For more insight go to “Is Poh Kong a proxy for gold?” https://www.youtube.com/watch?v=Yv6PuDWTfYw
2 weeks ago
Poh Kong share price is now undervalued. Next financial QR, Poh Kong should has a record-breaking profit. Hike in share price of gold counters not done yet.
1 week ago
Gold price in Malaysia again 360 per gram now.
https://goldprice.org/gold-price-malaysia.html
6 days ago
Gone up 6 cents from RM 1. More to come. Quarter result out on 28/6, possibly conservative estimate of 7 cents / share. Hope price can go above Rm 1.50 !!
5 days ago
Poh Kong share price is now undervalued. Next financial QR, Poh Kong should has a record-breaking profit. Hike in share price of gold counters not done yet.
13 hours ago
I don't understand why Tomei spike up a lot whereas Poh Kong only rise marginally ?
8 hours ago
Just keep buying and you wont go wrong. It will surely go up. Who dont want gold?
7 hours ago
Fabien _the efficient capital allocator
Poh Kong's inventories worth RM859 million, almost double its current market cap. And these were valued at much lower gold price!
7 hours ago
maybe because TOMEI QR is up next this month, POHKONG still need to wait end of june
5 hours ago
regardless, more reason to stay here after today's lagging behind TOMEI rally, hope to catch up
5 hours ago
well, not surprise TOMEI just released superb QR, still undervalue for those who want to chase, but POHKONG provide alternative
4 hours ago
Posted by ks55 > Apr 4, 2024 8:56 AM | Report Abuse X
Q2 compared with Q1, revenue increased by 48%.
Q2 gold price is very much higher than Q1.
And for Q3 gold price surge much higher than Q2.
We expect revenue for Q3 will increase by about 50% as major festival (CNY, Hari Raya and Hindu wedding season) and profit will be around 10 to 15 sen per share.
=====================
Judging from Tomei Q1 result of 15 sen per share ending 31 Mac, we would expect Poh Kong Q3 result ending 30 April should be 15 - 20 sen a share. Bearing in mind April gold price is very much higher than March.
Tomorrow Poh Kong price should fly.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3447819
3 hours ago
It is a clear signal to buy Poh Kong as It is undervalued esp the share price. As I said Tomei profit is fantastic that almost breaks its record earning this new QR. Definitely, it is opportunity to buy Poh Kong now.
Target price should be around its NET ASSET of RM1.95 and hasn't price in the surge in gold price esp the gold inventory valuation is not calculated at present time.
2 hours ago
https://goldprice.org/gold-price-malaysia.html
Comparing April gold price with March gold price, you should be convinced why Poh Kong Q3 result ending 30 April would yield profit between 15 sen to 20 sen a share.
2 hours ago
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