bluefun的投资分享心得

马币再一次硬起来的冲击之家私股续集 Part II - bluefun

bluefun
Publish date: Mon, 26 Feb 2018, 10:21 PM

 

家私股有双 L 之称的 Lihen & Latitud 都于上星期与今天公布了 Dec'17 的季度业绩。

 

蒙受原料成本的上扬与外汇亏损的压力,都造成了税前净利滑落, Gross margin,PBT margin & EPS 下跌。

 

基于前两年马币的衰落已经让家私股发大财,手上现金可多,公司也一直慷慨的发放股息与股东们一起分享盈利。

 

就让我们来看看家私股公司最新公布季度业绩的数据:

 

FOREX impact (latest FY cumulative VS prior FY cumulative)


(1) Homeriz - (0.3m) VS 1.0m (30/11/17 vs 30/11/16)
(2) Hevea - (1.6m) VS 1.1m (30/9/17 vs 30/9/16)
(3) Latitud - (3.8m) VS 8.0m (31/12/17 vs 31/12/16)
(4) Lihen - (7.9m) VS (0.7m) (31/12/17 vs 31/12/16)
(5) Jaycorp - 0.6m VS 0.4m (31/10/17 vs 31/10/16)
(6) Pohuat - (2.5m) VS (3.5m) (31/10/17 vs 31/10/16)

() = loss
+ = gain

 

Net profit margin:(latest year FQ vs prior year FQ)


(1) Homeriz - 14.29% VS 20.24% (30/11/17 vs 30/11/16)
(2) Hevea - 6.07% VS 13.55% (30/9/17 vs 30/9/16)
(3) Latitud - 3.90% VS 15.28% (31/12/17 vs 31/12/16)
(4) Lihen - 8.28% VS 11.16% (31/12/17 vs 31/12/16)
(5) Jaycorp - 8.44% VS 8.34% (31/10/17 vs 31/10/16)
(6) Pohuat - 10.65% VS 12.50% (31/10/17 vs 31/10/16)

 

 

Furniture stock(share price 20/12/2017 VS 22/01/2018 VS 26/02/2017 )

(1) Homeriz - 0.910 to 0.875 to 0.770
(2) Hevea - 1.180 to 1.060 to 0.920
(3) Latitud - 4.470 to 4.170 to 4.050
(4) Lihen - 3.570 to 3.250 to 3.140
(5) Jaycorp - 1.400 to 1.300 to 1.250
(6) Pohuat - 1.750 to 1.540 (RM0.01 dividend at 27/12/17) to 1.540

 

Changes share price in %:

(1) Homeriz - (4%) & (12%)
(2) Hevea - (10%) & (13%)
(3) Latitud - (7%) & (3%)
(4) Lihen - (9%) & (3%)
(5) Jaycorp - (7%) & (4%)
(6) Pohuat - (11%) & (-)

 

利好:
(1) 美國与欧洲經濟的好轉,家私需求量大增
(2) 天災,哈維
(3) 日本2020 东京奥运会

利空:
(1) 原料价格上漲,成本上扬
(2) 缺乏員工,外勞荒,外勞人头税
(3) 馬幣轉強,forex exchange loss risk

 

《马币再一次硬起来的冲击之家私股续集》
@https://www.facebook.com/bluefun696/posts/538580899868328

 

 

也许在经历一场严峻的挑战之后,越挫愈强,拓展业务至海外,提高良好的家私品质以提高税前盈利率,再度华丽转身,化腐朽为神奇,化奇葩为精品。

 

今天的下滑是为了明天再度的攀爬

 

跌倒并不可怕,恐怖的是缺乏再度爬起来的勇气去面对

 

一起加油,我的朋友还有家私股

 

我们的人生何尝不是呢??面对磨难,面对挑战,一定要挺胸抱着十足信心去跨越它。

 

 

一旦走过了,跨越了,那就是所谓的经一事,长一智,茁壮地成长。

人生没有跨不过的坑,只有不努力去尝试就放弃的心。

 

拨开云雾见蓝天,蓝天已过万重山

雄关漫道真如铁,而今迈步从头越

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” - William Arthur Ward

“If you want to have a better performance than the crowd, you must do things differently than the crowd.”- John Templeton

 

在投资路上积极播种中细心呵护的果农
26.02.2018

 

Fb page

Email

 

P/S: This article is just for education & discussion purpose,this is not a buy call, sell call or hold call. Please trade at your own risk。

 

 

 

Discussions
1 person likes this. Showing 2 of 2 comments

VenFx

牛牛 是跌出来的

2018-02-27 08:28

Flintstones

Furniture stocks are cyclical. This is why they never traded at high PE. Now that the cycle has gone down, expect furniture profit to be under pressure. 2018 is the year of importers. History always repeats itself.

2018-02-27 08:35

Post a Comment