Highlights
KLSE: JOHAN (3441)       JOHAN HOLDINGS BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
0.095   0.00 (0.00%)  0.09 - 0.095  928,400
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Overview

Market Cap: 111 Million
NOSH: 1,168 Million
Avg Volume (4 weeks):1,747,130
4 Weeks Range:0.09 - 0.105
4 Weeks Price Volatility (%):
33.33%
52 Weeks Range:0.085 - 0.255
52 Weeks Price Volatility (%):
5.88%
Average Price Target: 0.29
Price Target Upside/Downside: +0.195
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 31-Jul-2021  |  30-Sep-2021
Next QR | Est. Ann. Date: 31-Oct-2021  |  29-Dec-2021
T4Q P/E | EY: 0.59  |  170.93%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.1463  |  0.65
T4Q NP Margin | ROE: 210.78%  |  110.96%

Headlines

Date Subject
13-Jul-2021 Mplus Market Pulse - 13 Jul 2021
13-Jul-2021 PublicInvest Research Headlines - 13 Jul 2021
30-Mar-2021 Mplus Market Pulse - 30 Mar 2021
13-Nov-2020 Technical Buy- JOHAN (3441)

Business Background

Johan Holdings Bhd principal activities are as franchise operator for diner’s club charge and credit cards, travel and tours, manufacturing and marketing of ceramics wall and floor tiles, property development, resorts, and hotels. The business of the company operates in segments that include Building Materials, General Trading, Property, Hospitality and Card Services, and Investment holding and secretarial services. The Hospitality and Card service business segment generates maximum revenue for the company. In terms of products, the credit card product earns more revenue for the company. Johan Holdings exports its product to Malaysian region only.
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  3 people like this.
 
alivetoinvest "Sells Diners Pay for RM313.98 million cash."

"Current market cap RM163 million"

Johan easily worth 32 cents based on the cash alone.

+The cash flow generated from new businesses..

Think before you sell..
19/07/2021 12:13 AM
JamesPond Johan disposal of Diners will not get a single sen cash in flow. In fact after disposal, Johan would become a micro biz, smaller than the mamak stall(biz wise) near my place. However the disposal does stop Johan from bleeding any further. However, if all goes well, its future glove biz should be positive contributor. The question would be can they implement the production line according to schedule. If yes, and profit margin for gloves is still there, then great. If not, then everyone screwed. Looking at some of the gloves counter, they were already making profits pre pandemic, so even if ASP of gloves falls to pre pandemic levels, Johan would still be profitable.
19/07/2021 2:47 PM
jlex11 Guys, as a proxy for the Glove Business, its price is at least 7X cheaper than the other existing Glove counters...Its your call ...

There are many other Bursa Counters proposing to be in the Glove Business, just review their readiness to venture into the Glove Business as compared to Johan..... their 1st Trial production is expected by Aug & commercial production in Sept 2021 ... once they have succeeded , the price may be diff by then ,,,,lol

Cheers...
19/07/2021 3:09 PM
JamesPond My take as a minor minor minor investor, if the major shareholders and bankers are willing to throw in RM millions to part finance the balance RM652M for the glove project, why should I fear putting in a few RM into Johan
19/07/2021 3:22 PM
jlex11 JamesPond@ - My take as a minor minor minor investor, if the major shareholders and bankers are willing to throw in RM millions to part finance the balance RM652M for the glove project, why should I fear putting in a few RM into Johan

Well said and thought off...but it not for those retailers or contra players, who will shout LU once they take position or expect the price to spike everyday... patience is virtue....

Cheers...
19/07/2021 3:40 PM
jlex11 With the surge in the number of Covid 19 cases in Malaysia and all over the World, will there be a surge in demand for Gloves & a resurgence in interest on Glove Counters .... your guess is as good as mine and if it is , Johan will be the the unpolished diamond....

From the conservative fundamental viewpoint, Johan has to turn in a profit of RM10M per Q (or RM40M per annum) starting from 31st March 2022, with an EPS of 3.3cts and pricing it a min of 16.5cts based on an attractive PE of 5.... THis is a very conservative profit projection.

Cheers...
20/07/2021 9:44 AM
The_JQuestion great another gem would be MAH SING already established glove and making money which will revert to the next QR come get it before too late !
with all of its core business doing good definitely LU counter
21/07/2021 1:05 AM
NKLpunya When the warrant be listed ?
21/07/2021 12:10 PM
alivetoinvest Easily RM 2 Johan with the upcoming sentiment in gloves...
21/07/2021 1:28 PM
jlex11 alivetoinvest @ Easily RM 2 Johan with the upcoming sentiment in gloves...

Too optimistic la...let be very practical about it .. Let made some fundamental projection and assumption to project the price... closest comparision is comfort with the production capacity of 8.2B Gloves and Johan 12.0B Gloves...

Based on last Q result of Comfort , the Q profit is RM210M with a production capacity of appro 7B Gloves...

a. Johan will be able to produce 1.5B Gloves p.a start 1Q 2022 and 3.0B Glove by 2Q..and possibly 4.5B Gloves by end 3Q/4Q 2022...

b. assuming that their average capacity for 2022 is 3.0B Gloves p.a. or appro 45% of comfort capacity for the last Q and assuming (appro RM100.0M ) but since Johan is newkid on the Block , let assume that they made 80% less profit or only RM20M ie 20% of RM100M...or RM80M per annum..

c. EPS will be appro 6.6 cts and say PE of 5 , it will translate to a price of 33cts or higher id the PE is higher ......ie 19cts higher than the current price...

That is 100% return ....that to me is good enough .. So let not be too greedy and patience is virtue ...

Cheers..
21/07/2021 1:55 PM
AlfI3 Glove stocks ASP increase again as global dmd peak up again on d recent spike of delta variants resurged globally
21/07/2021 10:37 PM
alivetoinvest jlex11, Good analysis there.

worse case scenario is 32-33 cents.

if bull sentiment really comes back,

remember that many traders regreted "selling too early" last year.

For carepls, adventa, comfort after increasing 100%.

the gains couldve been 10x more.

Johan's market cap is one of the lowest in the industry at the moment with so much more room for growth.
21/07/2021 11:49 PM
alivetoinvest come sell to me cheap cheap i buy
22/07/2021 7:08 PM
NKLpunya Then the warrant price may be at the range 3 to 5 sen. Could it be some operators may push the mother share near to 20 sen before the listing of the new right shares. Then the warrant may up further on listing day.
22/07/2021 7:40 PM
alivetoinvest 32 cent basic
22/07/2021 11:24 PM
The_JQuestion dont think they willl push because now glove sentiment is weak will be wasted push if covid game is weak

may push down the price instead...unless sudden glove bull run which is unlikely
23/07/2021 12:25 AM
jlex11 Guys , doubt the price will fluctuate a lot .... not conducive for contra 0r short term players...the value to the counters will unveil itself once the Glove commercial production start in Sept , with 6 lines up in Dec 2021 ..& a positive result from the Glove Business for the Nov or Jan or Quarter....

A medium term hold till possibly 1Q of 2022 to tap the potential value of Johan .....that's my take... get out if no patient ...

Cheers...& stay safe
24/07/2021 12:18 AM
jlex11 NKLpunya @ my guess is that it will be priced between 3 to 5cts...assuming the parent stay at 14.5cts...

Cheers..
24/07/2021 10:01 AM
Miz Raya Bloom once business glove jalan meletop letop up
26/07/2021 10:24 AM
alivetoinvest dumped
26/07/2021 11:05 AM
alivetoinvest faster sell cheap to me
26/07/2021 4:45 PM
kihkihkih Guess the mother shares may stay at the range 11 to 13 sen when the rights and warrants are listed this Wesnesday
26/07/2021 7:38 PM
AlfI3 Y anticipating such a low prc range whist good prospects being explained here? Confidence level dropped or no fresh leads be announced by d comp?
27/07/2021 7:51 AM
27/07/2021 12:12 PM
Beethoven tmr! D-day
27/07/2021 9:48 PM
NKLpunya Overall market outlook is not condusive. Politicians are busy with their 'fight' of power and money and creating uncertainty to the market, therefore went south. Next week if a stable new man at the helm possibly market may take the clue to go north.
30/07/2021 11:27 PM
Citadel9999 Post removed. Why?
02/08/2021 5:12 PM
jlex11 If the Tanjung Rambutan Mentally sick party is happy going round i3 Forum routinely calling i3 Members, so hai or pass negative comments ...let him be...he need to beg for some $ to pay for his daily medication which he just can't afford due to his misadventure for sure....good luck to him.. no pity to be accorded to such baboon and maroon....

Cheer & have a nice day guys
04/08/2021 8:34 AM
BullnChick i think BCmall will go thru this same way soon. I am thinking whether wanna subscribe to BCmall warrant or not. I thought want to come here and see Johans experience, doesnt look so good it seems
04/08/2021 4:37 PM
Citadel9999 Post removed. Why?
04/08/2021 4:42 PM
Citadel9999 Post removed. Why?
04/08/2021 4:45 PM
jlex11 I pity the tanjung rambutan maniacs , maroon & baboon , moving around trying to console his bitter inner sadness and frustration ...do take you medicine and put up a white flag , if you are short of $ to buy ya...or you turn into vegetables....good luck to you continued adventure...

Cheers ..
04/08/2021 5:17 PM
Mr.A Queing 9 & 8.5sens waiting someone throw me their tickets
17/08/2021 6:26 PM
jlex11 Guys , what to expect from this boring and sleeping beauty in the coming 3 months . If everything fall in place , the true value of Johan can be fully realised when their 1st Q result is announce in Feb 2022 in time for the CNY rally ....
28/08/2021 12:51 PM
jlex11 Expected the following announcement in Sept & Oct :

a, A 4Q pr0fit of appro RM190M from the sale of Diner Club . That will increased the NTA to 32cts.

b. Expect an announcement that Johan has started commercial production for Glove for 6 line by 31st Dec ...ceterus paribus..I expect the company to provide an update on the Glove production by then

The above are positive new for the company and it may impact the share
price.

As patient investor, we will have to wait patiently for the 1st Q result ending 31st Dec , expected to be announce in Feb 2022, for further improvement of their profitability. It will no longer be in a lOss position like in prior year ...

For retailer for look forward to LU or active trading , this is the wrong forum for u....patience is virtue for those who invest invest in Johan, with a min 6 months time frame to see possible result.

Just a short update for Johan investors....

Good luck Guys & stay safe ..
28/08/2021 1:03 PM
MiaoMiao7 Salcon also make glove now, look at their profit... crazy alot. If Salcon reported crazy 1,273.66% QoQ and 338.28% YoY profit yet the price never move, what makes you think Johan will move also?

https://klse.i3investor.com/servlets/stk/annqtyres/8567.jsp

Got limit up?

I think people still scared of glove lah.
30/08/2021 12:44 PM
jlex11 MiaoMiao7 @ you are right ..Salcon turned in good profit purely from the profit contribution from Gloves...

Salcon 2Q cumulative EPS was 0.87 and 2Q EPS was 0.95cts... what is your projection of Gloves business contribution to Salcon and what is their Gloves capacity..... do your maths ..

Also Salcon is twice the price of Johan with almost similar NOSH....you made your own investment decision..

Cheers...
30/08/2021 8:55 PM
alivetoinvest Jibby will goreng Johan
12/09/2021 5:00 PM
Bull13 Johan will show profit this QR
23/09/2021 10:39 AM
Limo123 Buy n keep...
27/09/2021 3:39 PM
jlex11 JBull13 @ Johan will show profit this QR

Johan profit for the coming Q ended 31st July 2021 is expected to be in the region of RM190M and the NTA will increased to 32cts from appro 6 cts..

For the past few Years, it has been making losses..

The QR must be announced on or before 30th Oct 2021....

Cheers & Good luck...
28/09/2021 7:45 PM
thesteward Such a huge profit . Believe they could announce big divvy?
30/09/2021 7:18 PM
OldWiseMan100 money go build glove factory already lah, what div? everybody knows they sold dinners club and expecting this huge profit.
30/09/2021 7:52 PM
thesteward Don’t hv Johan . Doubt many short term retailers here
30/09/2021 8:28 PM
EatCoconutCanWin Bolo punya results..haha .. macam rasuah
30/09/2021 10:23 PM
Komanderzero the year end 31 July 2021 results, Note K9 , the date for deferred cash received (NOV 2021) but the results is up to end of July 2021 ,did not make sense and this section appeared in Jan 2021 but disappeared in April 2021.Gloves business fairly tales nowadays no more attraction. Moreover , the mass production not expected to be commenced so soon, maybe full production capacity may be by 2nd half of next year.
01/10/2021 3:22 PM
Bull13 Going forward, Johan wants to move into technology. chip? EV?
05/10/2021 5:11 PM
Limo123 Overall Johan is a cash rich company. They might venture into new profitable business. My opinion is can buy n keep. I bliv they will announce soon for the business..
11/10/2021 10:55 AM
Bull13 Johan is too careful. Like gloves, they entered the industry at the tail end. Must take fast decisive action if it wants to enter the tech sector.
12/10/2021 2:39 PM
Bull13 Electric Vehicle battery or component will fit Johan nicely. Chip is heavy investment.
13/10/2021 3:04 PM


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