Highlights
KLSE: POHKONG (5080)       POH KONG HOLDINGS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.495   +0.005 (1.02%)  0.485 - 0.495  10,100
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Overview

Market Cap: 203 Million
NOSH: 410 Million
Avg Volume (4 weeks):87,955
4 Weeks Range:0.475 - 0.525
4 Weeks Price Volatility (%):
40.00%
52 Weeks Range:0.44 - 0.57
52 Weeks Price Volatility (%):
42.31%
Average Price Target: 0.78
Price Target Upside/Downside: +0.285
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 31-Jan-2019 [#2]  |  14-Mar-2019
Next QR | Est. Ann. Date: 30-Apr-2019  |  12-Jun-2019
T4Q P/E | EY: 8.77  |  11.40%
T4Q DY | Payout %: 2.02%  |  17.73%
T4Q NAPS | P/NAPS: 1.29  |  0.38
T4Q NP Margin | ROE: 2.22%  |  4.37%

Headlines

Date Subject
15-Mar-2019 Mplus Market Pulse - 15 Mar 2019
14-Jan-2019 Mplus Market Pulse - 14 Jan 2019
27-Sep-2018 Mplus Market Pulse - 27 Sept 2018
13-Jun-2018 Mplus Market Pulse - 13 Jun 2018

Business Background

Poh Kong Holdings Bhd is in the business of investment holding and the provision of management services. The company and its subsidiaries are engaged in manufacturing, trading, supplying and retailing of gold, gold-related jewelry, and gems. It operates in three business segment which includes Trading, Manufacturing, and Others. The Trading segment involves supply and retail of jewelry, precious stones, gold ornaments and gold bullion. Its Manufacturing segment consists of jewelry dealers, precious stones, and gold ornaments. The other segment comprises of investment holding. The company has approximately 100 outlets across Peninsular, Malaysia.
Analyze this stock with MQ Trader system

  3 people like this.
 
foreverchung can someone help me understand? i noob in this lol.
17/01/2019 12:01 PM
commonsense The price of gold actually started to went up back in mid-September 2018 when US intensified the trade war with China by imposing an additional tariff to USD200bil worth of Chinese products (US actually had already imposed a tariff on China product back in July 18 but the products amount was smaller at only USD50bil). The tariff had people running to safe haven investments like US treasuries, Japanese Yen and gold. Currently the 2 big economies are planning for a trade negotiation on 30 to 31 Jan 2019. The outcome of these negotiation will determine the appeal of haven assets like gold which would also determine the outlook of jeweler companies like Poh Kong.

This is actually more of a binary trade where Poh Kong will benefit (via the appreciation of gold price) if the negotiation falls through or would have a lower profit outlook if Trump and Xi Jinping managed to come out with a deal later. That being said, I doubt that the gold price would be able to return to the 2011 – 2012 level of almost USD2000/oz. Maximum profit for the company if the negotiation falls through would be around RM25mil (near FY18 level) which values the company at a PE of only 7.8x.

However, if US and China managed to come to an agreement, of which we will see a fall of gold price to around USD1100 to USD1200 level, Poh Kong would most probably be able to deliver a profit of around RM12mil to RM15mil which values the company at around 13x PE. Which is actually not that high. But given the current market environment, investors can actually find companies that are trading below 10x PE and still able to deliver profit growth in FY19.

If you are looking to diversify your portfolio outside of Poh Kong (due to its earnings uncertainties) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM10mil to RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.
24/01/2019 10:08 AM
129055444514385 Funds sapu pohkong shares :)

Tuesday, 15 Jan 2019

5:20PM POHKONG YEOMAN CAPITAL MANAGEMENT PTE LTD (250,000 units Acquired)

5:20PM POHKONG LIM MEE HWA (250,000 units Acquired)

5:20PM POHKONG YEO SENG CHONG (250,000 units Acquired)

5:20PM POHKONG YEOMAN 3-RIGHTS VALUE ASIA FUND (250,000 units Acquired)







Dividend is also on the way :)

POHKONG - Notice of Book Closure
POHKONG - Notice of Book ClosureILC-30112018-00017First and Final Single Tier Dividend of 1.00 sen per share. Kindly be advisedof the following : 1) The above Company's securities will be traded andquoted "Ex - Dividend? as from: 13 Feb 2019 2) The last date of lodgment : 15Feb 2019 3) Date Payable : 8 Mar 2019 Remarks: The payment of the First andFinal Single Tier Dividend of 1.00 sen per Ordinary Share in respect of thefinancial year ended 31 July 2018 is subject to the approval of theshareholders at the Sixteenth Annual General Meeting of the Company to beconvened on 11 January 2019.MANAGER, REF. DATA MANAGEMENTYou are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


30/11/2018 07:00 AM


Ref Code: 201811305100121
24/01/2019 11:34 AM
129055444514385 Only buy, never sell since July 2018 :)


MADAM LIM MEE HWA 11-Jan-2019 Acquired 250,000
MR YEO SENG CHONG 11-Jan-2019 Acquired 250,000
YEOMAN 3-RIGHTS VALUE ASIA FUND 11-Jan-2019 Acquired 250,000
YEOMAN CAPITAL MANAGEMENT PTE LTD 11-Jan-2019 Acquired 250,000
MADAM LIM MEE HWA 29-Aug-2018 Acquired 250,000
MR YEO SENG CHONG 29-Aug-2018 Acquired 250,000
YEOMAN 3-RIGHTS VALUE ASIA FUND 29-Aug-2018 Acquired 250,000
YEOMAN CAPITAL MANAGEMENT PTE LTD 29-Aug-2018 Acquired 250,000
MADAM LIM MEE HWA 24-Jul-2018 Acquired 250,000
MR YEO SENG CHONG 24-Jul-2018 Acquired 250,000
YEOMAN 3-RIGHTS VALUE ASIA FUND 24-Jul-2018 Acquired 250,000
YEOMAN CAPITAL MANAGEMENT PTE LTD 24-Jul-2018 Acquired 250,000
24/01/2019 11:36 AM
129055444514385 gold price is expected to rise further :) Net assets per share RM1.28, the stocks are mainly gold, just liquidate the company, shareholders could get back at least RM1 haha

POHKONG Financial Information
Market Capital (RM)
: 194.92m
Number of Share
: 410.35m
EPS (cent)
: 5.17 *
P/E Ratio
: 9.19
ROE (%)
: 4.04
Dividend (cent)
: 1.000 ^
Dividend Yield (%)
: 2.11
Dividend Policy (%)
: 0
NTA (RM)
: 1.280
Par Value (RM)
: 0.500

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
^ Total dividend amount declared for financial year ended 2018-07-31.
24/01/2019 11:40 AM
129055444514385 Buying pohkong can also be treated as investing in gold stocks .......with the dividend coming, worth to grab some before it is too late....... :)

Recent Prices
Date Open Range Close Change Volume
23/01/2019 0.48 0.475 - 0.48 0.475 -0.015 (3.06%) 157,400
22/01/2019 0.49 0.49 - 0.49 0.49 -0.01 (2.00%) 18,100
18/01/2019 0.50 0.00 - 0.00 0.50 0.00 (0.00%) 0
17/01/2019 0.50 0.50 - 0.50 0.50 +0.005 (1.01%) 88,000
16/01/2019 0.49 0.49 - 0.495 0.495 +0.005 (1.02%) 15,000
15/01/2019 0.49 0.00 - 0.00 0.49 0.00 (0.00%) 0
14/01/2019 0.52 0.49 - 0.52 0.49 -0.03 (5.77%) 302,500
11/01/2019 0.485 0.485 - 0.52 0.52 +0.035 (7.22%) 349,400
10/01/2019 0.48 0.48 - 0.485 0.485 0.00 (0.00%) 157,500
09/01/2019 0.485 0.48 - 0.485 0.485 +0.005 (1.04%) 6,100
08/01/2019 0.47 0.47 - 0.48 0.48 -0.005 (1.03%) 24,100
07/01/2019 0.485 0.485 - 0.485 0.485 +0.005 (1.04%) 300
04/01/2019 0.465 0.465 - 0.48 0.48 +0.01 (2.13%) 13,000
03/01/2019 0.47 0.47 - 0.47 0.47 -0.01 (2.08%) 36,600
02/01/2019 0.48 0.465 - 0.48 0.48 +0.03 (6.67%) 73,000
31/12/2018 0.45 0.00 - 0.00 0.45 0.00 (0.00%) 0
28/12/2018 0.475 0.45 - 0.48 0.45 -0.01 (2.17%) 40,800
27/12/2018 0.46 0.46 - 0.46 0.46 -0.01 (2.13%) 5,000
24/01/2019 11:42 AM
129055444514385 :)

Poh Kong Holdings Bhd expects to stem the decline in net profit to record a growth in the current financial year ending July 31, 2019, on anticipation of higher gold prices this year.

Its executive chairman-cum-managing director Datuk Eddie Choon is predicting gold price to trade at US$1,300 to US$1,400 per ounce in the next 12 months, up from below US$1,300 per ounce now.

Choon is of the view that gold will benefit from the ongoing US-China trade war concerns, as investors may find the precious metal a safe haven.

http://www.theedgemarkets.com/article/genting-poh-kong-scomi-energy-perisai-petroleum-tatt-giap-apft-spring-gallery-and-green
24/01/2019 11:45 AM
129055444514385 Inventories RM581mil+ as at 31 Oct 2018 , gold price has risen since 31 Oct 2018... it will report higher profit for the quarter ended 31 Jan 2019 :)

Higher gold prices to boost Poh Kong's profit in FY19

By Justin Lim | 2019-01-11 17:33:38

KUALA LUMPUR (Jan 11): Poh Kong Holdings Bhd, the country’s largest jewellery retail chain store, expects to stem the decline in net profit to record a growth in the current financial year ending July 31, 2019 (FY19), on anticipation of higher gold prices this year.

Its executive chairman cum managing director Datuk Eddie Choon Yee Seiong is predicting gold price for 2019 to trade at US$1,300 to US$1,400 per ounce levels in the next 12 months, up from below US$1,300 per ounce now.

"If gold prices trend upwards, our margin will be better and this will help lift our profitability,” he told reporters after the group’s annual general meeting today.

For FY18, Poh Kong saw a 20.7% decline in net profit to RM23.4 million from RM29.53 million in the previous year, while revenue rose 14.4% to RM1 billion from RM877 million.

Choon is of the view that gold will benefit from the ongoing US-China trade war concerns, as investors may find the precious metal a safe haven.

Bloomberg data showed spot gold price rose 0.62% or US$7.93 to trade at US$1,294.58 per ounce at 3.33pm. Over the past one year, the price of gold has been trading in the range of US$1,362.40 to US$1,176.20 per ounce.

Given the optimistic prospects for gold prices, Choon said Poh Kong will continue to put effort on areas such as inventory management and cost control to further improve the group’s efficiency to lift profit.
24/01/2019 12:10 PM
129055444514385 :)

Poh Kong Holdings Bhd has allocated between RM9.0 mln and RM15.0 mln capital expenditure (capex) to open three new stores in 2019. Of the total capex, about RM3.0 mln to RM5.0 mln will be used for each of the store. With these new stores, Poh Kong will have 95 outlets nationwide under various brands including retail concept stores. (Bernama)
24/01/2019 1:07 PM
davidkkw79 I suggest poh kong to pay in gold or silver should be much more better idea.
24/01/2019 8:06 PM
129055444514385 Pohkong, so much undervalued campared to HK Luk Fook, the price to Book Ratio was scary :)

Pohkong - Key Statistics
P/E Ratio 9.69
Shares Outstanding 410.35M
Price to Book Ratio 0.3897
Price to Sales Ratio 0.1971
1 Year Return -18.68%
30 Day Avg Volume 52,330
EPS 0.05
Dividend 2.02%
Last Dividend Reported 0.01
Earnings Announcement for Period Ending Q1/2019:03/12/2019


Hongkong Luk Fook - Key Statistics
P/E Ratio 8.68
Shares Outstanding 587.11M
Price to Book Ratio 1.3255
Price to Sales Ratio 0.8123
1 Year Return -15.42%
30 Day Avg Volume 1,092,033
EPS 2.58
Dividend 4.92%
Last Dividend Reported 0.55
Earnings Announcement for Period Ending Q2/2019:06/27/2019

(Source: Bloomberg)
24/01/2019 9:19 PM
129055444514385 :)

Latest Financial Results



Revenue (RM)1,003,521,807
Cost of sales (RM)(807,107,617)
Gross profit (RM)196,414,190
EPS (sen) 5.70  

* The information is retrieved from Annual Report for Financial Year Ended 31 July 2018.
24/01/2019 9:30 PM
129055444514385 Pohkong, better sell to HK Luk Fook at Price to Book Ratio 1.00 :)

Pohkong - Key Statistics
P/E Ratio 9.69
Shares Outstanding 410.35M
Price to Book Ratio 0.3897
Price to Sales Ratio 0.1971
1 Year Return -18.68%
30 Day Avg Volume 52,330
EPS 0.05
Dividend 2.02%
Last Dividend Reported 0.01
Earnings Announcement for Period Ending Q1/2019:03/12/2019


Hongkong Luk Fook - Key Statistics
P/E Ratio 8.68
Shares Outstanding 587.11M
Price to Book Ratio 1.3255
Price to Sales Ratio 0.8123
1 Year Return -15.42%
30 Day Avg Volume 1,092,033
EPS 2.58
Dividend 4.92%
Last Dividend Reported 0.55
Earnings Announcement for Period Ending Q2/2019:06/27/2019

(Source: Bloomberg)
24/01/2019 9:36 PM
foreverchung If PohKong really sell to HK, I'm gonna bleed gold.
24/01/2019 10:23 PM
129055444514385 Pohkong could consider to give cash/discount voucher to shareholders attending its AGM... to boost sales and make shareholders happy concurrently too :)
25/01/2019 9:21 AM
129055444514385 pohkong could also offer to take over tomei which loss-making now... grow by acquisition is faster :)
25/01/2019 9:36 AM
129055444514385 Tomei has reported a loss in the recent quarter.... Pohkong is much stronger could consider to acquire loss-making tomei for growth by acquisition.



Pohkong - Key Statistics
P/E Ratio 9.69
Shares Outstanding 410.35M
Price to Book Ratio 0.3897
Price to Sales Ratio 0.1971
1 Year Return -18.68%
30 Day Avg Volume 52,330
EPS 0.05
Dividend 2.02%
Last Dividend Reported 0.01
Earnings Announcement for Period Ending Q1/2019:03/12/2019



Tomei - Key Statistics
P/E Ratio 15.58
Shares Outstanding 138.6M
Price to Book Ratio 0.3701
Price to Sales Ratio 0.1276
1 Year Return-21.34%
30 Day Avg Volume 18,976
EPS 0.03
Dividend 1.89%
Last Dividend Reported 0.01
Earnings Announcement for Period Ending Q3/2018:02/12/2019
25/01/2019 9:45 AM
129055444514385 The only negative factor , low liquidity, low volume is traded daily
26/01/2019 3:22 PM
Good123 dividend is also ordinary..... not attractive
27/01/2019 2:29 PM
tgdrthdrthr just bounce from support, good buy?
30/01/2019 9:48 PM
Sebastian Sted Power just a matter of time from Poh Kong turn to King Kong
31/01/2019 9:23 AM
foreverchung another leap today?
31/01/2019 10:00 AM
20/02/2019 4:45 PM
Choongling Any news????
20/02/2019 5:05 PM
foreverchung I had a look at their payment transactions, quite encouraging compared to last q.
20/02/2019 6:41 PM
Sebastian Sted Power Your are pohkong outlet manager? How can you check payment transaction? Hahaha
20/02/2019 10:16 PM
Koh Sien Fook tomei QoQ销售额下降,利润增加了,受惠9月金价上升至今。pohkong开多了分店销售额应该会增加,也受惠9月金价开始上升,Q2应该会比去年好。
21/02/2019 9:53 AM
foreverchung @sebastian, there is alot of ways to see, I will not reveal for my safety, but I can tell you there's increase, that's all. I can see a few company's transaction stuff, but at the moment 5080 stands out to me.
21/02/2019 2:47 PM
Sebastian Sted Power @foreverchung, steady bro!
22/02/2019 5:27 AM
foreverchung @sebastian no worries, but additional info, dont know relevant or not, 0099's transactions not looking good, their shareholders not gonna be too happy unless their other channels are performing much better than the channel that i can see.
22/02/2019 9:12 AM
Koh Sien Fook 美国和朝鲜又来乱了, 美金又开始跌。末几个月金价会升到USD1400吗?
01/03/2019 11:18 AM
foreverchung If US vs North Korea, then India vs Pakistan, then maybe will reach 1400USD.
01/03/2019 12:07 PM
tgdrthdrthr good buy now ?
05/03/2019 9:09 PM
foreverchung If you can hold for a very long time.
06/03/2019 4:43 PM
Fofkcirl How long ? I need some advise about this stock
07/03/2019 6:22 PM
Koh Sien Fook 因为这几天金价跌,个个都怕,很多人卖。但不用怕, 11月至1月金价是上升,QR是好的。人弃我取的好时机。末来金价,我也想信会上,5G和朝鲜最高人民选举,选出的人会对美国如何。
08/03/2019 10:25 AM
ZhugeNemo Dark Horse worth watching
08/03/2019 8:26 PM
foreverchung Fofkcirl How long ? I need some advise about this stock

This is somewhat a proxy investment in gold. It's more to a counter affected by consumer sentiment + gold price + USD/MYR rates.

How long, it depends on what do you want to achieve. If you want a constant dividend counter / growth counter then this is not the counter for you. If you want to hedge some of your money here for a 3-5 years period where there is some growth (5-10%), then its what you may want to get. But again, you might as well consider FD that promises at least 4.4% if you do your homework.

The market is pending for a major crash / recession anytime now onwards. Some say it will come very soon, some say it will never come yet. But from what I can see, its rather anytime unexpected now.

I have held on this counter since last few days of 2016. And I will keep on top up bit by bit because this is another basket for me. For me, when to sell? When market crashes and the recovery begins, the first 2 quarters would be a good time. So far roughly 15% is a solid earn for me.
10/03/2019 11:54 PM
Fofkcirl @foreverchung I think this is undervalue stock
12/03/2019 1:39 PM
foreverchung Depends on how long you plan to hold.
12/03/2019 5:08 PM
Fofkcirl Thanks for the advise @foreverchung
13/03/2019 7:57 AM
foreverchung https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5080

QoQ - 113.43% up
YoY - 40.40% up

Debt parred down a little, expansion provisions provided. From transactions wise, still seeing increment in sales.

Congrats for shareholders at the moment as this is considered quite good result given gold + MYR/USD is not as high as it used to.

Feedback from branch managers, more people asking for gold bar / notes compared to last time. Looks like some folks prepping for ww3 or market crash.
14/03/2019 7:45 PM
RainT The inventories over 500 million is all gold ??

wow
14/03/2019 8:53 PM
ameen82 Pohkong analysis on 14/3/2019:
MA20 > MA200
MA50 > MA200
Stochastic Oversold
Break Trendline
Quarter report released on 14th March +113%
Curent Price 0.48
Target Price1: 0.57
Target Price2: 0.77

what is your opinion?
15/03/2019 1:52 AM
foreverchung Depends on buying interest. If Yeoman sapu, then its about time for them to emerge as substantial shareholder. If that's the case, then Pohkong sure will be around 0.7 range. Even if you take NTA at 40% discount and compare P/E, the stock still worth more than its current price.

If no, then probably 0.6 ish is achievable.

These few years, if their transaction keeps on increasing as what I can see, then they will emerge as an interesting safe haven proxy stock.
15/03/2019 9:32 AM
Koh Sien Fook 美股不知可持多久,危险。等美股跌到够力时,金价就会冲破1400美元了。5G问题还没解呢! 其他问题又来了。脸书遭刑事调查,苹果涉垄断,spotitf状告,波音737订单570亿美元受影响。
15/03/2019 10:55 AM
Koh Sien Fook https://www.sinchew.com.my/content/2019-03/14/content_2022291.html
15/03/2019 11:09 AM
ZhugeNemo Safe Bet
16/03/2019 9:13 PM
ZhugeNemo Next Quarter should enjoy inventory profit
17/03/2019 3:48 PM
princehero Drop... no power
20/03/2019 5:01 PM


 

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