Icon8888 Gossips About Stocks

(Icon) JHM Consolidation (5) - Earnings At All Time High

Icon8888
Publish date: Mon, 30 May 2016, 09:08 PM
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I follow the smell of money.

1. Strong Results, Very Satisfactory

 

JHM released its March 2016 results today. Please refer to table below :-

 

 

I am very pleased with this latest quarter result. Revenue has been growing for 5 consecutive quarters. The group's restructuring effort is clearly paying off.

 

Net profit came in at RM2.8 mil. However, this includes net forex loss of RM1.3 mil. Without exceptional items, core net profit would be RM3.7 mil, translating into EPS of 3 sen.

 

Based on latest price of 72 sen and annualised EPS of 12 sen, the stock is currently trading at prospective PER of 6 times.

 

 

2. Future Plans

 

Please refer to the following article dated 27 May 2016 for further details :-

 

 

 

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7 people like this. Showing 45 of 45 comments

soros228

Ok. Will enter again.

2016-05-30 21:22

huat021

Thanks Icon

2016-05-30 21:22

duitKWSPkita

Icon8888

Is time to take profit.

2016-05-30 21:50

VenFx

Haiyoyo , Duit bro ..why ? Tell me why ?
Mungkim x2 Climax point tu XP..

2016-05-30 21:53

VenFx

Don't distract icon8888 sifu lar, Duit bro come follow me to Eg-Wc...

2016-05-30 21:55

pputeh

Icon 8888, care to comment on Open System as the results quarterly results were poor

2016-05-30 21:55

duitKWSPkita

VenFx.

Still not enough anything below RM5 million profit. Take profit fast n buy back at low price...

2016-05-30 21:55

Icon8888

Duit, u better buy back. Connie TA flashes buy signal

U don't want to upset her, do u ?

2016-05-30 21:57

duitKWSPkita

venfx.

I also watch EG at Sam time with you but loss patient as it need 2 quarters to prove

2016-05-30 21:58

duitKWSPkita

Hahaha

Icon8888... Don't la... Like that I leg shake Liao...

I invest RM150-RM1.5k small bilis only

2016-05-30 21:59

VenFx

Duit very bad, break my heart badly . hahaha

2016-05-30 21:59

Icon8888

pputeh I not familiar with opensys

But if in doubt, sell first , think later ??

2016-05-30 22:02

VenFx

Duit bro, u will be surprised by EG management, they Act Like Lighting .

2016-05-30 22:02

duitKWSPkita

Ok VenFx.. Bcoz of u I support you on Egg....

Wakakakakak

2016-05-30 22:04

duitKWSPkita

VenFx and Icon steamed fish (东宫蒸)
I sleep first... Very tired

2016-05-30 22:06

VenFx

EG always go easy wont let u down one ..
I'll definitely return to JHM with greater stomach for this monkey.

2016-05-30 22:08

VenFx

Gd nite Duit.

2016-05-30 22:08

duitKWSPkita

Count me in on JHM pull back play. Thanks sifu. Learn much from u

2016-05-30 22:09

VenFx

Duit , a real master. Don't play play, I'm kindergarten level only.

2016-05-30 22:12

duitKWSPkita

Hahahah

Same same.. We are newbie who always learn from master Icon8888

2016-05-30 22:13

VenFx

Of course, Duit .
Icon8888 is a talented sifu in all way.

2016-05-30 22:14

duitKWSPkita

Yup. Icn8888 is superb sifu for us. You too a real solid counter sifu. Learn n stalk u far far

2016-05-30 22:17

VenFx

Suddenly I feel I got high nose. Thx Duit 
Hjgh nose is good , bring luck kaw kaw..

2016-05-30 22:21

duitKWSPkita

My pleasure...
High nose macho...

I wanna push Dialog u may monitor warrant

2016-05-30 22:22

VenFx

Duit, Dialog trending seen very stable.
Juz not my cup of tea.
Will monitor it while Crude oil above $60/
Or Mid cap start to move.
Funds love Dialog, ikan bilis don't.

2016-05-30 22:28

Koon Bee

Ven sifu...thanks for this JHM...anymore new stock to bet?

2016-05-30 22:42

keyin

Koon bee, u no buy eg?

2016-05-30 23:09

singkalan

Pls chase high for icon to unload his shares. Thank you very much. People never learnt. King of pump and dump.

2016-05-31 03:18

VenFx

Koon Bee, pls read Ong88888 latest article on EG, and my tot comment on its thread.
Hope luck will be following us, Go EG.
Heng Huat Ong counter.

2016-05-31 08:32

VenFx

Thx Icon8888 sifu bring me to JHM , and make almost 50% profit from JHM.

2016-05-31 08:34

Icon8888

sifu VenFx u sold already kah ? you are actually very good at timing

2016-05-31 08:36

tftey

Thank you for your Good Report Icon888.

2016-05-31 10:38

VenFx

Yup sifu icon8888.Proud to say,sold with 50% gain.
Thx icon8888

2016-05-31 12:18

pandakun99

u shitting in ur pants ICON ?

2016-05-31 14:00

iloveshare128

Icon, sorry for the need to disagree with you again...
for the Bursa Main Board listing requirement, please see this:
http://biz.advertising.com.my/listing-requirements-bursa-malaysia.htm

it is actually:
To get listing in the Main Market, your company must provide a profit figure and uninterrupted profit after tax or PAT of 3 to 5 full financial years with an aggregate of a minimum of RM20 million and a minimum of RM6 million PAT in the latest full financial year.

That means not RM20million profit in a year (total for 3-5 years) and must have at least RM6 milion for the latest financial year... so your EPS of 14sen is not correct...

2016-06-01 13:09

iloveshare128

Icon, sorry for the need to disagree with you again...
for the Bursa Main Board listing requirement, please see this:
http://biz.advertising.com.my/listing-requirements-bursa-malaysia.htm

it is actually:
To get listing in the Main Market, your company must provide a profit figure and uninterrupted profit after tax or PAT of 3 to 5 full financial years with an aggregate of a minimum of RM20 million and a minimum of RM6 million PAT in the latest full financial year.

That means not RM20million profit in a year (total for 3-5 years) and must have at least RM6 milion for the latest financial year... so your EPS of 14sen is not correct...

2016-06-01 13:11

iloveshare128

let me make another remark: from the revenue vs net profit trend, it does not seem that they are in a linear relationship. In other words, you can notice that Mar2015 revenue was only 25.1mil but the net profit was 1.8 mil / while Sept 2015 revenue was much higher at 34.7mil but the net profit was only 1.3mil. The question here is... can the 2.8mil net profit be repeated in upcoming quarters? i think it is more practical to assume EPS of 6 sen full year (about 1.5 sen each quarter)... having said so, current price of RM0.765 is showing PE ratio of 12.75 which is not low... pls look at its historical price for past one year...now it is trading at all time high... used to be only RM0.275 (lowest) in past 52 weeks... I hope you don;t regret buying it back at RM0.71... to me, it has been very much "goreng'ed" by big guns since it was about 40sen half year ago... and i believe it is only worth RM0.48 (6sen x PE 8)... just my 2 cents...

2016-06-01 13:29

i4investor

LED market strong?

2016-06-01 16:13

stainlyho37

a bit regret sell all @0.795 !!!

2016-06-01 16:54

Icon8888

i4,

Not all LED strong

The high brightness segment JHM is in is strong

http://klse.i3investor.com/blogs/icon8888/89894.jsp

2016-06-01 16:56

Icon8888

Iloveshare, your comments sound correct. I have amended the article accordingly

2016-06-01 17:03

duitKWSPkita

Icon8888,

Can U propose to Econsave Managing Director to change all bulb to L.E.D and only group purchase from JHM???

Can help??? Help us EconsaveIAN pls...

2016-06-01 17:06

VenFx

Rite here,
I'm waiting for JingHengMonyet :)

2016-06-01 19:19

iloveshare128

Icon - one thing i like about you is that you are open to others' disagreement and welcome those inputs... that is indeed a good virtue... :)

2016-06-02 09:35

iloveshare128

Hi Icon, one more comment: even if you take into account of the w/o forex EPS of 3 sen this quarter, please note that last quarter EPS (w/o Forex) is only as low as 1 sen. Will this quarter result be repeated? Your assumption is yes = 4x3=12 sen... but I personally think it is more reasonable to estimate 1.5-2sen EPS per quarter...

2016-06-02 12:38

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