cherry88

cherry88 | Joined since 2014-08-04

Investing Experience Intermediate
Risk Profile Moderate

Followers

0

Following

0

Blog Posts

0

Threads

925

Blogs

Threads

Portfolio

Follower

Following

Summary
Total comments
925
Past 30 days
8
Past 7 days
3
Today
0

User Comments
Stock
Stock

1 week ago | Report Abuse

@NgWS90, no secret lah. It is Stellantis for Peugeot fuel tank and wire hardness. Just completed the final product audit. Mass production starts in Oct. Estimated additional sales of RM70mil per year (in FY2023) with net profit of RM10mil (net profit margin of 15%) from this division only. So, you guys do your own math of the rest of division for FY2023 profit growth....

Stock

2 weeks ago | Report Abuse

break RM1.60...toward RM2.00 soon....get ready

Stock

1 month ago | Report Abuse

I hope our bullrun1985 can respect this forum, which is for SCICOM, not others. Invest / trade at your own risk. TQ

Stock

1 month ago | Report Abuse

A rather flat grow now.....downgrade !

Stock

1 month ago | Report Abuse

Malacca Securities upgraded its TP from RM1.51 to RM1.94 within 3 days ! The main upgrade was it expect the company to double its profit from RM25mil in FY2021 to RM48mil in FY2024. It is rather difficult to find a company which can double its profit within next 3 years....Share price could be doubled easily within next 1 or 2 years too. Please advise me if you can find other similar companies can match SCOMNET performance.

Stock

1 month ago | Report Abuse

SCICOM never fail to pay QUARTERLY dividend since IPO listing ! I repeat..IT PAID DIVIDEND QUARTERLY never fail. We can observe it has started to increase its payout, with now is 7sen per year or easily hit 6.7% p.a . Further to its growth and stable recurring business, it is safe to park your money here . No TP was suggested this round. Your own cost of capital and opportunity cost are the main factors to decide worth or not to lock it into this counter. Good luck

Stock

1 month ago | Report Abuse

Technically, it has completed its consolidation phase. Start to break-out toward RM3.40 - RM3.60. Short term traders should start to load in before too late

Stock

1 month ago | Report Abuse

Given its usual 50% dividend payout, we can expect expect it is going to declare another 20sen dividend end o f its FYs. Let's do some maths. Given its 1H EPS of 20sen, we can expect the company to report an EPS of 40sen easily (will be more if RM weakening toward RM4.50/ USD level). With 20sen dividend on the card, the yield will be 6% with PE of 8.12x (based on RM3.25). Still relatively cheap. TP can go to RM4 (assume PE of 10x)

Stock

1 month ago | Report Abuse

Put joke aside, SCOMNET has a unique business with high barrier of entry. They have a so-call ever-green agreement with customer where SCOMNET is their only supplier and cannot simply change supplier. Further, supplier will finance all M&E requirement. The company just need to come out land and building....Most importantly, most their products are required FDA (or similar standard) approval which may take yearsss to approve. In short, it has monopoly status

Stock

1 month ago | Report Abuse

Main Board admission and in the fund house (or fun house) radar now

Stock

2 months ago | Report Abuse

bullrun, u still around....? I was told furniture business in Muar "very bad". Many sub-con out of job oh...better ride the bull away

Stock

2022-06-13 20:30 | Report Abuse

no need to call lah. they tell you the "good news" only. their 2q could be good which i agreed. but moving forward, they will cry for business , no need workers anymore. if u were the US consumer, will u buy furniture now ? or u prefer to wait and see later ? inflation in US has gone so high, they will keep cash for daily use first.

Stock

2022-06-13 17:21 | Report Abuse

u sure or not ? all furniture company going to "mati" loh....US is in recession. who want to buy your furniture ?

Stock

2022-04-29 11:24 | Report Abuse

Coming quarter will be good due to the strengthening USD + the easing of the freight charges. Both LiHen and Pohuat will report skyrocking results soon. I was told they managed to increase the ASP and pass all the raw material cost increases to customers.

Stock

2022-04-29 11:19 | Report Abuse

Coming quarter will be good due to the strengthening USD + the easing of the freight charges. Both LiHen and Pohuat will report skyrocking results soon. I was told they managed to increase the ASP and pass all the raw material cost increases to customers.

Stock

2022-04-21 17:11 | Report Abuse

but price "shot up" a bit after AGM. Must be some important news from AGM

Stock

2022-04-21 08:40 | Report Abuse

Anybody to attend Poh Huat AGM today ? Please share. Thanks

News & Blogs

2022-03-17 13:21 | Report Abuse

Prefer old version even I have get myself familiar this new version

Stock

2022-02-25 14:11 | Report Abuse

Poh Huat just released the annual report. No changes in the financials per announced earlier. However, when I check the Top 30 shareholdings list, then Pangolin Asia Fund increased its shareholding from 4.96% to 6% and become a substantial shareholder. Most interesting, EPF also increased its stake from 0.92% to 2.4%. Wah.....I also noticed Cool Eye (Foong Siling) also started buying Poh Huat and is holding 1.7 mil shares. No wonder price never drop despite all the negative sentiments around the corner, i.e increasing interest rates environment and the war ! He must be collecting slowly.
Fundamentally, Poh Huat fundamental did not change much, and they managed to ride through the COVID crisis (I assume no more deteriorate in term of COVID sentiments). It is not fair to use the FY2021 data to judge the company future, due to the "one off" COVID impact. So, I ignore the latest EPS of 22sen, instead, I use FY2020 EPS of 22sen (which is dam conservative), the PE only 6.4x which is deemed undervalued. Net asset is RM1.70 with ROE if more than 12% (FY2020) and yield of 6.4% (assume to pay 9 sen in FY2022). All these indicators are pointing a good parameter for Cool Eye to enter into the stock. (Based on his latest book written by him).
I am back after digesting the latest update.....see you in the forum again.

Stock

2022-02-24 11:27 | Report Abuse

Referring to my earlier comments dated 25/11, its FY2021 PAT of RM25.3 mil is within expectation, due to the MCO lock-down during the year. However, moving forward, I expect the company to achieve RM35 mil in FY2022, due to its factory expansion is progressing well. Management indicates a 30% growth is achievable. This translates into EPS of 4.6sen or PE of 32.6x. I have to admit that given current increasing interest rate environment, current PE valuation is a bit on a high-side. Anyway, if we can ride through the tide, its 2023 profit should is forecast at around RM50 mil after the full completion of the factory construction then, or a PE of 23x which is fair at current level.

Stock

2022-02-24 11:12 | Report Abuse

@ Jerry87, https://www.youtube.com/watch?v=ic0hwPAACg0 This is the company future growth trend. Do you think it is low-end products ? This is the replacement for the by-pass / balloon for stroke operation.

Stock

2022-02-14 13:14 | Report Abuse

Good support at RM1.37 - RM1.40 level. Expect they will report a good results by end of next month.

Stock

2022-01-26 09:00 | Report Abuse

@bullrun, Why you look so stressful ? Relax lah. TA just issued an update report yesterday, painting a very positive outlook. It published in today TheStar too.

Stock

2021-12-21 09:10 | Report Abuse

Hi Gays n gals, the train has reached its first destination (resistant). Please proceed to exit door for short term travelers (traders). For longer distance travelers, please stay calm and relax and enjoy surrounding scenery. The train will take a rest for a while before moving on. Meanwhile, be prepared to face some resistance. It may not be as smooth as before form now. 1 remainder to short distance travelers...should you have exited and wanted to come back, be prepared to buy a more expensive ticket later. So, think through before you exit. There are many other travelers waiting outside too, looking for a cheap seat.

Stock

2021-12-15 16:45 | Report Abuse

@GreysonLim, No point argue with people who dont understand the company.....keep diam diam better.....

News & Blogs

2021-12-14 12:31 | Report Abuse

Wish her speedy recovery. Take care

Stock

2021-12-14 10:31 | Report Abuse

Is SCOMNET a tech stock ?

Stock

2021-12-06 11:35 | Report Abuse

I did not recommend you to buy or sell....i am only telling you what I did....

Stock

2021-12-06 10:53 | Report Abuse

@bullrun1985, still ask ? Look at price chart. When they announced their final quarter results last year, what was the price ? (answer : around 1.70). What was the price when they announced the 2q results last year ? I use 2q results because it was normally the weakest quarterly results. (answer : around 1.20). And 1.20 was the price before covid selldown in March 2020. So the best case scenario should be RM1.20 level....
I have analysed both from fundamental, technical and market expectation angle.

Stock
Stock

2021-12-02 14:04 | Report Abuse

Will there be any forced labour issue in furniture industry ?

Stock

2021-12-01 15:21 | Report Abuse

@MrWinMoney Refer to my comment dated 13/9.

Stock

2021-12-01 10:09 | Report Abuse

@bullrun. Just do a simple calculation. Assuming it can break-even in its final quarter 2021 results, its EPS for full year will be 13.49 sen (This is very good). Assume industry PE valuation is 7x, its target price is only 95sen ! Let's say u wanna value it at 10x PE, then it is RM1.35 (which is what the market is expecting at current level)......and u know this figure is very optimistic !

Stock

2021-12-01 09:56 | Report Abuse

are u kidding ? I am now in SCOMNET.....I only focus few stocks at a time...

Stock

2021-11-30 17:20 | Report Abuse

Please take note seriously.....As per LiiHen announcement, we could imagine the same challenges in Poh Huat operation, i.e. increasing raw material, labour shortage, transport issue and worst still, the supply chain disruption. So, it is lack of near-term catalysts.
Don't expect to report any profit in 4q. (A small loss is a bonus). Challenging road ahead. Don't play play. As Chinese saying : there are plenty of flowers out there, why only focus on one"

Stock

2021-11-30 14:37 | Report Abuse

Think about it. Its Vietnam factory had been locked down since mid July to end of October 2021 (as per Vietnam government lock down announcement). So you could expect a bloody red in Vietnam operations. Malaysia lock down since early Jun to mid of September. Again, you could expect a bread-even in Malaysia operation given there is 1.5 months of operation. So, in total, there is almost no way to be in profitable in their final quarter ending October.
As per LiiHen announcement, we could imagine the same challenges in Poh Huat operation, i.e. increasing raw material, labour shortage, transport issue and worst still, the supply chain disruption. So, it is lack of near-term catalysts.

Stock

2021-11-25 22:56 | Report Abuse

Guys n gals.....I believe most of you would have continued to hold on till now. We are now feel more confidence upon the results announcement. At least, we don't feel "uncertain" throughout the weekend break.
Well, given its 9-month profit of RM17mil, full year of RM25mil is still very conservative. The company can even perform better during MCO (or 60% capacity period), thanks to its high margin products. I am not here to repeat the facts, but let's look forward.....Achieving RM25mil is not a big growth (as compare to those tech stock) if u compare to FY2020 PAT of RM23mil. BUT if you looking into FY2022 and FY2023, its growth potential is almost double given the full capacity operation (no more MCO lah), schedule factory expansion, confirmed order on hand with high level of entry level. Based on RM50mil PAT in FY2022, its forward PE will be around 30x. (based on current price of RM1.96). Immediate TP should be in RM2.64 based on FPE of 40x.

Again, for short term players, exit at its resistance level of RM2.40 level is good enough. However, long term players should continue hold on till its potential to be fully reflected in the next 5 years, if not at least waiting it to be transferred to Main Board by end of next year, and looking forward RM70mil PAT in FY2023 or TP of RM3.68 (based on FY2023 FPE of 40x). My comments on 20/10 remains valid should you be able to wait beyond FY2023.

Transferring into Main Board may not have its fundamental value, but it will attract more institutions to re-look this counters. It is "lucky" for us to pick it up now before it was in radar of institutions.

Good Luck !