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Poh Kong’s profit shot through the roof - Koon Yew Yin
Koon Yew Yin
Publish date: Wed, 16 Jun 2021, 09:07 AM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
I just read RHB’s daily report for Poh Kong.
Poh Kong Holdings Bhd* swung back to the black in its third quarter ended April 30, 2021 with a net profit of RM24.02 million, compared with a net loss of RM2.31 million a year earlier, due to higher revenue and cost control initiatives. The jeweller said revenue more than doubled to RM364.19 million, from RM112.46 million, thanks to higher demand for gold investment products, such as gold bars, wafers and gold jewellery items. Cumulative net profit for the first nine months of FY21 shot up to RM50.02 million, from RM16.42 million in the corresponding period of FY20. Cumulative revenue was 43.54% higher at RM817.49 million, from RM569.51 million.
Poh Kong’s EPS for the latest quarter ending April was 5.85 sen and its EPS for its previous quarter was 2.77 sen, an increase of 211 %.
Tomei’s profit should also report increased profit like Poh Kong.
Based of Poh Kong’s fantastic profit increase, Tomei should also report increased profit for its next quarter ending June 2021. Its EPS for its latest quarter ending March 2021 was 9.93 sen and 8.47 EPS for its previous quarter.
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Discussions
Be the first to like this. Showing 12 of 12 comments
https://www.tradingview.com/chart?symbol=COMEX%3AGC1!
Prospects under threat. Under EMA20 few candles back, below SMA200 now.
2021-06-17 02:49
very poor analysis..
btw congrats to Italy for being the 1st team through UEFA EURO 2020 round of 16..
(Italy is my favorite team)
2021-06-17 05:17
congratulations for being a good monyet, getting monkey-like results... again.
2021-06-17 16:54
When Uncle Koon ask to buy it means he wants to sell. Poh Kong impressive last quarter result wont be repeated anymore. Look at gold price now keep dropping and yet uncle ask to buy. What a joker!
2021-06-18 09:39
This Uncle is like a tour guide - love to bring people to Holland. Remember Dayang and recently Supermax???
2021-06-18 09:40
Uncle Koon,
RHB Bank has issued a report about Tomei today and the bank stated that fair value of Tomei is RM1.63.
2021-06-18 18:45
I'm looking for Tomei analysis but there's not much information about it. Can someone help me or not. I checked https://basketball-stars.io and it didn't exist
2022-10-17 14:39
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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TOMEI is way much stronger financially in my opinion
2021-06-16 10:13