Guys, I think its just ex-dividend sell down albeit its delayed. My 2 sens.

Privatisation is not logical because if that was the plan the owner would not push the price up. I think bonus or a fat dividend. Between them, bonus issue is the more likely as it will really push the price along. We will know which soon. Meantime, enjoy the ride : )

Pohuat has done 1 rights issue and 2 bonus issues since then

Good. That is 8 sens a year.

In his own time.......

I would go with the realization of profits but we would not see this until the Nov disclosure. Anyway its bought by related company. In one pocket, out another. I don't quite understand whats going on.

08/08/2014 Lei Shing Hong Investment Ltd ["LSHI"] Purchase of 16,454,400 shares on open market from 4 August 2014 to 7 August 2014.

I think Hapseng has a very good management. I have faith in them.

"Hap Seng's subsidiary is disposing two pieces of leasehold land in Sabah

Hap Seng Consolidated Bhd's subsidiary is disposing two pieces of leasehold land in Sabah for RM278m. The disposal is expected to bring a net gain of approximately RM199.5m to the company. (Malaysian Reserve)"


Land's cost is only RM77 million. I do not think impact is much on future development. The profit on disposal is about >8 sens EPS and should be recorded inside this coming quarter release.

Ok I looked but do not understand what you mean by "Sabah properties was impacted". Some explanation would be welcome.

Joel, I still do not understand why you think it will go up by 27/7. There is nothing in the calendar that will act as a catalyst. At best I think end August as that is when the 1/4 results come out.

1.30 should hold

Its good you check a company out before buying. This is the correct thing to do. The problem with the market now is that it is very difficult to find undervalued companies to buy in. Most are fully valued, overvalued. It is thus hard to recommend anything even to a total stranger. I still believe that Hapseng will deliver though. A bonus issue will be a nice kick to the share price but as said, there are simply no indications of a pending declaration.

Joel, I would like to think they will give bonus issue on 27th. Personally I doubt it. I think more likely they will cancel shares again. I do believe Hapseng is a great company to invest in though.

I think he meant end August

I am frankly relieved. The 2nd quarter is always the worst. I think we can expect a pretty good year this time.

Thanks for the heads up. The result came in early this year. It is a good result. So far almost twice better than last year.

Sorry. I jump the gun. I had no intention of misleading anyone. Should have read into it before forming an opinion.

Its also good to see that the directors are prudent and correct. I have no problems keeping what Pohuat shares I have.

RM4.65 million is significant for a 107 million issued share company. As the company will reverse its provision for doubtful debts, EPS will increase in 3rd quarter by 4.3 sens. This should have an impact.

Hapseng consolidated has a subsidiary that lends money so it will never be Syariah compliant. I think not syariah compliant is irrelevant as the company has a plenty cash and is willing to use it to promote its share price to the "right level".

It should. There is nothing wrong with the company or the economy as a whole. Hapseng is one of the very few companies that has increased its quarterly profits every quarter for 11 quarters in a row. That is really an incredible record.

Yes. I put shares bought back by company under owners' control. This is fair as they cannot be sold in the market unless the owner wants it to.

Probably sooner.

Its just the market on that day. We had the highest volume (2 billion) on that Friday for the past 1 year. That day saw the listing for 7-11 and a record volume for Public Bank. I believe what happened was liquidation of Hapseng shares for the buying of PBB and maybe 7-11. There is nothing wrong with Hapseng except that it has done so well. Anyway 7 million shares is only 0.35% (not even 1%) of a 2 billion issued share capital. Hapseng has a war chest of RM572 million and its owners control 82% of its issued shares. I think maybe limited downside and once this liquidation is over it will recover to new highs maybe before mid June.

The qty sold are comparatively small. Meantime the company itself is buying even larger quantities. I am not worried.

Changes in Director's Interest (S135)

POH HUAT RESOURCES HOLDINGS BERHAD


Information Compiled By KLSE

Particulars of Director

Name LIM PEI TIAM @ LIAM AHAT KIAT
Address 23 Lorong Datuk Sulaiman 6
Taman Tun Dr. Ismail
60000 Kuala Lumpur
Descriptions(Class & nominal value) Ordinary shares of RM1-00 each

Details of changes

Currency: Malaysian Ringgit (MYR)


Type of transaction

Date of change

No of securities

Price Transacted (RM)


Acquired

16/05/2014

250,000

1.160



Circumstances by reason of which change has occurred Purchase in the open market
Nature of interest Direct interest
Consideration (if any)


Total no of securities after change

Direct (units) 11,888,800
Direct (%) 11.14
Indirect/deemed interest (units) 1,150,700
Indirect/deemed interest (%) 1.08
Date of notice 16/05/2014

Operator eliminating weak holders

Me thinks ever conversion of WA to shares

Kannibu, You cannot take numbers per se. I make it a point to also analyse the quarterly reports. If you care to look at the 3rd quarter......

Lloyd, it does look that way.

Under accumulation.

This is a steady mover.

I am a happy camper : )

LPT started buying in the 2nd half of 2013. He should be amongst the top 10 shareholders.

Like everyone else I am waiting to see the next 1/4 report in mid March 2014. I think it should be OK.

Sorry Brandon, I really must desist. I already have enough to make it to the top 100 biggest Pohuat shareholders!!!!

Anyway I think the crisis is only temporary and its probably over. I concur that its a good time to buy if you do not have sufficient.

Odds are it will recover today. Stay calm.

Type Announcement
Subject OTHERS
Description Writ and Statement of Claim

Further to the announcements of 21 August 2013 (ref. no. CC-130821-38654), 18 September 2013 (ref. no. CC-130918-59909), 25 September 2013 (ref. no. CC-130925-2A85E), 8 October 2013 (ref. no. CC-131008-62122), 22 October 2013 (ref. no.CC-131022-60266), 29 October 2013 (ref. no. CC-131029-47377),13 December 2013 (ref. no.CC-131213-57457) and 6 January 2014 (ref. no. CC-140106-55823) pertaining to the Writ and Statement of Claim, the Board of Directors of Lii Hen Industries Bhd ("LHIB") wishes to inform that LHIB's application to strike out the Writ and Statement of Claim on the ground that Plaintiff's claim discloses no reasonable cause of action is scandalous, frivolous or vexatious or otherwise an abuse of the process of the Court, has been allowed with costs by the Muar High Court on 28 January 2014.

I think this is the Liihen effect. Liihen was going for judgement today. Though judgement is unknown during trading hours, the mood of caution was pervasive. Still I am very disappointed that the operator allowed the price to fall below RM1.00. Lets hope for a better day tomorrow.

Nice meeting you here too. Dow futures sees to suggest that stability is back. Tomorrow should be OK. Let;s hope it pans out for both of us.

I must admit again I started accumulating way back in June. I never stopped and have a good qty. I still see some 20% upside "as is". AS said in the past, it all depends on the RM. I think its value will grow exponentially if the RM weakens. I believe RM1.50 is doable if the RM weakens to an "average" of RM3.40 to a USD. As of Friday we are already at RM3.32 : 1USD.

Have to admit I did not. But rest assured;
1) I already have more than I should and have being buying throughout past 2 weeks.
2) I have not sold any today

Good move.

It looks OK. At the worst it will hold between 1.00 and 1.10.

Patience. You need patience with this stock. You need to be a investor. If you are after quick bucks, this may not be for you. I believe it has more upside if the RM weakens.

Heads up

21/01/2014 1 USD = 3.3157
21/10/2013 1 USD = 3.1691

RM has weakened 4.6% over past 3 months.

SMA 10 days is the support and we were there yesterday. The target price will be dependent on how the RM does this year. Pohuat only has a 17% gross profit margin. A 10% fall in the RM will therefore has a huge impact on its Gross profit, EPS and price. I am optimistic of at least >RM1.50 but I would caution that this will all depend on the RM.

Brendon, no I am not.

I think it is. I realise its slightly down today but I am not worried. Like OTB, I intend to hold for a while more.

LPT, not a director but an investor is still buying.......

Name & address of registered holder LIM PEI TIAM @ LIAM AHAT KIAT
23 Lorong Datuk Sulaiman 6
Taman Tun Dr. Ismail
60000 Kuala Lumpur
Details of changes

Currency: Malaysian Ringgit (MYR)
Type of transaction Date of change
No of securities

Price Transacted (RM)
Acquired 08/01/2014
90,000


Acquired 09/01/2014
95,100


Acquired 10/01/2014
10,700



Circumstances by reason of which change has occurred Purchase in the open market
Nature of interest Direct interest
Direct (units) 11,333,800
Direct (%) 10.62
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 11,333,800
Date of notice 13/01/2014

Yes the Viet operations have now grown twice bigger than the Malaysian one. Poh Huat's directors are far sighted and they took opportunity of the 2nd quarter (the quiet one) to shift production of Kitchen sets to Vietnam. With the BN Govt increasing costs every month, this now seems a very wise move. I think it will only get better when the RM weakens.

Base prepared the past 2 days. Sellers absorbed. Little resistance. Should at least sustain.