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Author: Koon Yew Yin   |   Latest post: Tue, 27 Jul 2021, 2:22 PM

 

Poh Kong’s profit shot through the roof - Koon Yew Yin

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I just read RHB’s daily report for Poh Kong.

Poh Kong Holdings Bhd* swung back to the black in its third quarter ended April 30, 2021 with a net profit of RM24.02 million, compared with a net loss of RM2.31 million a year earlier, due to higher revenue and cost control initiatives. The jeweller said revenue more than doubled to RM364.19 million, from RM112.46 million, thanks to higher demand for gold investment products, such as gold bars, wafers and gold jewellery items. Cumulative net profit for the first nine months of FY21 shot up to RM50.02 million, from RM16.42 million in the corresponding period of FY20. Cumulative revenue was 43.54% higher at RM817.49 million, from RM569.51 million.

Poh Kong’s EPS for the latest quarter ending April was 5.85 sen and its EPS for its previous quarter was 2.77 sen, an increase of 211 %.

Tomei’s profit should also report increased profit like Poh Kong.

Based of Poh Kong’s fantastic profit increase, Tomei should also report increased profit for its next quarter ending June 2021. Its EPS for its latest quarter ending March 2021 was 9.93 sen and 8.47 EPS for its previous quarter.   

 

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Labels: POHKONG, TOMEI

Related Stocks

Chart Stock Name Last Change Volume 
POHKONG 0.825 +0.01 (1.23%) 140,100 
TOMEI 0.93 +0.005 (0.54%) 123,600 

  Be the first to like this.
 
milosh TOMEI is way much stronger financially in my opinion
16/06/2021 10:13 AM
L2 https://www.tradingview.com/chart?symbol=COMEX%3AGC1!
Prospects under threat. Under EMA20 few candles back, below SMA200 now.
17/06/2021 2:49 AM
gohkimhock very poor analysis..

btw congrats to Italy for being the 1st team through UEFA EURO 2020 round of 16..

(Italy is my favorite team)
17/06/2021 5:17 AM
ahbah add
17/06/2021 12:29 PM
arv18 congratulations for being a good monyet, getting monkey-like results... again.
17/06/2021 4:54 PM
EatCoconutCanWin Gold dip
17/06/2021 9:05 PM
davidkkw79 Wow ! Gold falling like no tomorrow
17/06/2021 10:52 PM
witan When Uncle Koon ask to buy it means he wants to sell. Poh Kong impressive last quarter result wont be repeated anymore. Look at gold price now keep dropping and yet uncle ask to buy. What a joker!
18/06/2021 9:39 AM
witan This Uncle is like a tour guide - love to bring people to Holland. Remember Dayang and recently Supermax???
18/06/2021 9:40 AM
andrew2020 Uncle Koon,
RHB Bank has issued a report about Tomei today and the bank stated that fair value of Tomei is RM1.63.
18/06/2021 6:45 PM
brian3381 Comodities plunged. Kyy kena lagi. Haha
18/06/2021 9:47 PM


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