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 :-
Chart | Stock Name | Last | Change | Volume |
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Icon 8888, care to comment on Open System as the results quarterly results were poor
2016-05-30 21:55
VenFx.
Still not enough anything below RM5 million profit. Take profit fast n buy back at low price...
2016-05-30 21:55
Duit, u better buy back. Connie TA flashes buy signal
U don't want to upset her, do u ?
2016-05-30 21:57
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
Hahaha
Icon8888... Don't la... Like that I leg shake Liao...
I invest RM150-RM1.5k small bilis only
2016-05-30 21:59
pputeh I not familiar with opensys
But if in doubt, sell first , think later ??
2016-05-30 22:02
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
Hahahah
Same same.. We are newbie who always learn from master Icon8888
2016-05-30 22:13
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
Suddenly I feel I got high nose. Thx Duit
Hjgh nose is good , bring luck kaw kaw..
2016-05-30 22:21
My pleasure...
High nose macho...
I wanna push Dialog u may monitor warrant
2016-05-30 22:22
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
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
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
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
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
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
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
Iloveshare, your comments sound correct. I have amended the article accordingly
2016-06-01 17:03
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
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
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
soros228
Ok. Will enter again.
2016-05-30 21:22