Highlights
KLSE: POHKONG (5080)       POH KONG HOLDINGS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
1.05   -0.28 (21.05%)  1.00 - 1.27  29,774,400
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IPO Info

Key Data:
General Retail Institutional
Offer Period
Opening - - -
Closing - - -
Price
Issue Price - - -
Par Value 0.000 - -
Units - - -
No of Shares
Public Issue - - -
Offer for Sale - - -
Private Placement - - -
Time Table
Allotment Date - - -
Listing Date - - -
Issuing House - - -
ISIN Code - - -
Prospectus:
PUBLIC ISSUE OF 19,580,203 NEW ORDINARY SHARES OF RM1.00 EACH AT AN ISSUE PRICE OF RM1.60 PER ORDINARY SHARES COMPRISING:

- 3,000,000 NEW ORDINARY SHARES OF RM1.00 EACH AVAILABLE FOR APPLICATION BY MALAYSIAN PUBLIC;

- 3,400,000 NEW ORDINARY SHARES OF RM1.00 EACH BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS;

- 3,200,000 NEW ORDINARY SHARES OF RM1.00 EACH AVAILABLE FOR APPLICATION BY ELIGIBLE DIRECTORS, EMPLOYEES, CUSTOMERS AND SUPPLIERS OF POH KONG HOLDINGS BERHAD AND ITS SUBSIDIARY COMPANIES; AND

- 9,980,203 NEW ORDINARY SHARES OF RM1.00 EACH TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY ("MITI");

OFFER FOR SALE OF:-

- 3,764,200 ORDINARY SHARES OF RM1.00 EACH RESERVED FOR BUMIPUTERA INVESTORS APPROVED BY MITI AT AN OFFER PRICE OF RM1.60 PER ORDINARY SHARE;

- RM11,778,400 NOMINAL VALUE OF IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCK ("ICULS") OF RM1.00 EACH BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS AT AN OFFER PRICE OF 100% OF THE NOMINAL VALUE; AND

- RM1,000,000 NOMINAL VALUE OF ICULS TO THE MALAYSIAN PUBLIC AT AN OFFER PRICE OF 100% OF THE NOMINAL VALUE PURSUANT TO THE LISTING OF POH KONG HOLDINGS BERHAD ON THE MAIN BOARD OF THE MALAYSIA SECURITIES EXCHANGE BERHAD
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  3 people like this.
 
sd99 Yep, its climbing and looks uptrend...let it how it goes for the rest of the day.
10/08/2020 9:47 PM
Shawalrich87 Gold up +1.38% or +$usd27.80 to trading at 2045.80 and still heading up break resistance level 2050 and subsequent resistance level 2080..I bet tomorrow will hit new high price gold future at usd2100. Just have faith.. can't wait to see gold price stock rally ...
10/08/2020 10:04 PM
Huntsman standyyyy. gold comeback rally to the skyyy
10/08/2020 10:39 PM
PharmaAce https://gov.capital/commodity/gold/

Gold Price Prediction
10/08/2020 10:43 PM
tvz32 At least glove makers have the numbers to back up their valuation and the order books to justify future value. The lousiest glove maker can report 100% jump in profits.

Poh kong reported a loss of 2 mil in the preceding quarter. This was also the quarter where MCO was enforced signaling that its profits come mainly from retail sales. So have retail sales recovered significantly since April to support the 2-3x price action? Do you see people lining up to buy gold?
10/08/2020 10:50 PM
indexnoobie123 Confident then buy , else sell. Keep kbkb won't earn a dime
10/08/2020 11:19 PM
DickyMe This is rubbish stock!
10/08/2020 11:20 PM
onionchong Agreed with tvz32. Increasing gold price means higher raw material cost for the company, hence squeezing their profit margin. If they're able to pass the cost to consumer, then increase in their product price will lead to lower demand, and in turn reduce their sales & profit. So the increase in gold price has no practical benefit for the company. Insiders know this, that's why they keep disposing shares.
10/08/2020 11:26 PM
onionchong And in this economy, how many ppl can afford to spend on luxury items?
10/08/2020 11:34 PM
Jeffyap People who buy Poh Kong because of the increase of gold price is quite funny, they are the operator which purchase gold and make it at jewellery to sell.
Look at the directors, because of you guys goreng, they have been selling more than 25 millions share to the open market to retailers. Run before it's too late.
10/08/2020 11:46 PM
Kevin Tam TVz, a fan of glove counters comes in here every day to give negative comments? If those Poh Kong n Tomei have inventory of last Sept to Dec , their cost per ounce was USD1470-1500 ...Even sales have dropped 25-33% in May to July , their profit margin is much higher if they r selling existing stocks... So, those said investing n speculating Poh Kong is irrational, then those still buying Harta , Supermax n Careplus after their share prices already up 3-20folds, r 3 times more crazy n don’t understand value investment...:)
10/08/2020 11:50 PM
tvz32 Ok la then i use another commodity as a comparison, let’s use oil. When oil price is rallying, do you buy the stock of an oil producer like Hibiscus or an oil refinery like Hengyuan which needs to purchase raw materials at high cost? Poh kong is like Hengyuan in my example but unlike petrol, gold is not a necessity and people can just choose not to buy when price is high
11/08/2020 1:23 AM
chopstick https://www.cnbc.com/2020/08/10/gold-prices-amid-coronavirus-pandemic-and-us-elections.html
11/08/2020 2:00 AM
chopstick not only gold counter, infact the whole bursa counters, once up directors selling is normal , moreover some counter even go higher after directors had sold. that's is the name of the game. (I piah ke A yar)


Posted by Jeffyap > Aug 10, 2020 11:46 PM | Report Abuse

People who buy Poh Kong because of the increase of gold price is quite funny, they are the operator which purchase gold and make it at jewellery to sell.
Look at the directors, because of you guys goreng, they have been selling more than 25 millions share to the open market to retailers. Run before it's too late.
11/08/2020 2:20 AM
chtan33 gold jewellers do not enjoy the kind of sales & profit that gloves makers are making... unless they could convert the low cost inventory into sales at current gold price...
11/08/2020 6:06 AM
mf Gold 2,021.50 -8.80
11/08/2020 8:35 AM
str4der time to collect
11/08/2020 9:08 AM
jackie_chan1542 everyone selling their gold?
11/08/2020 9:25 AM
goreng_kaki only bodoh will buy from director, haha
11/08/2020 9:26 AM
LuckyBertuah i cry kaw2 today...thinking to hold for many years or cut loss...cut & pain
11/08/2020 9:31 AM
LuckyBertuah off everything...may be pohkong will be my last stock..the end of my trader life..so sad
11/08/2020 9:34 AM
monreyes why suddenly it is stupid to buy gold related stock when gold price is high...same goes to oil n others
11/08/2020 10:02 AM
RoyalExpert LuckyBertuah, don't worry.. people panic selling is normal. Gold prices is still going up now, in fact more financial expert from USA report that gold will go up to even 4,000 soon. Hold on your shares first and when it rise up, your tears will be non stop laughing!
11/08/2020 10:18 AM
alkanphel The stock market is a device for transferring money from the impatient to the patient. - Buffet
11/08/2020 10:20 AM
cath0025 how come gold price maintain but stock drop too much? buy 1.69 see what happen now..
11/08/2020 10:22 AM
Learnnew Director disposed ka? Mau jual kedai emas to all of us. Hahaha
11/08/2020 10:28 AM
Kevin Tam Chtan, U really think U guys understand glove counters very well? Harta n Supermax n Careplus should be classified as overvalued coz careplus has up more than 20-25 folds from January n Supermax has gone up 13 folds from January average price of 1.55.... Harta always with PE36-38 at last year n gone up about 250-280% from January.... Even Supermax posted net profit of 12-13 times of average quarterly profit of 30 mil... Pls keep in mind, Top 4 glove counters n comfort n careplus only can have wonderful profit in their 2020 year end n 2021 year end .... For logical thinking , Supermax n Kossan only can use PE 19-20 (of financial year 2020 or 21) to calculate fair share prices ... For more established n technology advance Topglove n Harta , maybe using PE24-25 to be rational but those analysts of investment banks using PE of 28-30 to calculate fair TP of Harta n Topglove n using PE of 24-25 of peak profit to calculate fair value of Kossan n Supermax... what will happen to profit of top 4 n comfort n careplus in year 2022-2023 ??
11/08/2020 10:29 AM
monreyes gold will remain forever but not covid
11/08/2020 10:36 AM
rr88 Speculative plug is off abruptly. Head & shoulder in progress. Next stop 0.85. Ultimate stop 0.50. Had you bought at the very top of this speculation 1.80, you will lose 1.30 a piece or 72%. If you cut loss now you would only lose 37%.
11/08/2020 10:50 AM
Kevin Tam rr88, how about technical analysis for Harta, Topglove n Careplus ? Look good ? Give some views ...:)
11/08/2020 11:11 AM
tehO Gold price up from $1700 to $2000 in the last two weeks! Big announcement soon!
11/08/2020 11:27 AM
JohnFook Shareholders disposed huge amt. In plain words sharks has left....bilis trapped.....fundamentally jewelery shop profit will drop when gold price too high.....
11/08/2020 11:43 AM
kuring2 Aiyaa... limit down today?
11/08/2020 11:46 AM
saifulhaffizi time to cut loss
11/08/2020 11:54 AM
tehO Gold price up translate into gain in inventory, profit up. Gold price up, service fee also up! Profit up again ...
11/08/2020 11:55 AM
moneytr33 what is best price to avg down? i already avg down 2 times and it is still dropping like downpour this morning
11/08/2020 11:57 AM
Ean Wee Soon Next support on 0.9 .. I cut loss and bye bye Rm 6.8k.. Cry with no tear
11/08/2020 11:58 AM
Invest89 You may continue to avg down every few cents...
11/08/2020 11:59 AM
gozilla88 now is good timing buy pohkong. tp 2.00
11/08/2020 12:02 PM
Sanjana_gayu Im still holding poh kong even in loss. I target TP 1.7
11/08/2020 12:08 PM
LuckyBertuah i all in every cents i have...i put all my luck to pohkong
11/08/2020 12:11 PM
LuckyBertuah mining gold--> little drop, Poh Kong big drop....LUCK come around & change pohkong back to at least it NTA value!!
11/08/2020 12:27 PM
Iamnotasifu As long as Gold price is more than 2000, we still have hope in Gold related counter.

The covid is not under control yet, imagine it will go to 30m cases in few more months time...
11/08/2020 12:43 PM
sd99 cut lost first...now focus on O&G & Glove related to make back :)
11/08/2020 1:02 PM
sd99 Sapura got something brewing....crazy spike up today after years of sleeping!
11/08/2020 1:02 PM
Shawalrich87 Should I cut loss now or wait stock price to rebound
11/08/2020 1:08 PM
sd99 i don't think rebound will be anytime soon.. directors disposed...GOLD price drifting lower as USD steadies..plus goreng kaki back to GLOVE & now O&G since oil price up they will push those crony counters up before elections...

this is just my feel based on observation and pattern.

those have faith and holding power can hold - maybe will rise up again as analyst are predicting GOLD to reach new peaks and goreng kaki might be back..
11/08/2020 1:17 PM
Shawalrich87 Tq sd99
11/08/2020 1:46 PM
limkokthye cut loss, gold price drop lo
11/08/2020 2:17 PM
tehO Gold price sudah naik dari $1700 ke $2000 in past weeks! Drop skit sahaja tu nanti rebound $4000!

10 Aug 2020: The gold rally could forge ahead to $4,000, but analyst says two events could turn its fortunes
https://www.cnbc.com/2020/08/10/gold-prices-amid-coronavirus-pandemic-and-us-elections.html
11/08/2020 2:22 PM


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