@Dylan, you can check it out here.

http://klse.i3investor.com/blogs/stock_pick_2018/155440.jsp

he is currently sitting on 11th, not that great though..

Heng Yuan should appoint you as the internal auditor. This company is in a mess under those China men.

Give Mahathir a chance to correct his wrongs. Only he can do it now. MO1 will keep on to plunder the nation coffers.

Trying to act like an experienced trader, but actually looks like a sochai.

say no to kleptocracy!

I agree it's expensive. It might consolidate further but i don't think it will fall to the prices as indicated by those IBs.

Tell those stupid analysts to stop drinking Milo and Nescafe in their life; and asking their children not to take its cereals as breakfast. Then only Nestlé will fall.

Nestlé does not need those analysts burok to give rating. It has the moat factor.

those who don't have basic accounting knowledge can be easily tricked by him with his half-baked explanations.

very good post. Thank you.

ant sane Malaysian will want to remove this corrupted govt and reform the country.

Only @stockraider and his cohorts will accept kleptocracy and have no shame about it.

I can only say TSG is so naive. Very easily fallen into Umno's trap.

in other words, it means 1 day contra period. Very risky for amateur traders.

this article is epic fail..

the happiest guy at the moment. Once in a blue moon.

前景看好..

the recently launched lifestyle products such as shoes, handbags will certainly benefit HaiO for the coming quarters, It is designed by well known designer Jimmy Choo.

Hai-O Enterprise Bhd - Higher Earnings Momentum Envisaged

We came away feeling optimistic on HAIO’s prospect after a company visit. We expect MLM division to gain momentum on shoes and leather goods designed by Jimmy Choo which are set to boost high-margin products composition and HAIO’s overall profitability. We keep our FY18E/FY19E NP unchanged pending full pricing details, but, we raised our TP from RM5.60 to RM6.00 based on higher 17x FY19E EPS (+1.0 SD above 5- year forward historical mean) to reflect the potential boost in earnings. Upgrade from MARKET PERFORM to OUTPERFORM.

Shoes and leather goods designed by Jimmy Choo to boost MLM highmargin products composition. HAIO has recently launched high-margin products designed by Prof. Datuk Dr Choo Yeang Keat (popularly known as “Jimmy Choo”) for its lines of “Infinence” products under foot wear/insole and leather goods. Note that, Jimmy Choo is the “Infinence” brand’s fashion consultant, and will be involved in the design of shoes, bags, attires and accessories (he recently retired as non-independent and non-executive director and afterwards, taken position as HAIO consultant). All in, these highmargin products are set to contribute more than 10% of the MLM revenue for the 2H18 (from <5% in 1H18) and are set to boost its MLM margin further (currently MLM EBIT margin at c.20%). With its strong 160,000 distributors (as of October 2017) and over 90% of its distributors are women, we reckon that HAIO should see stronger sales momentum and better profitability driven by these high-margin women products under its stable. As for the incentives campaign, the group start the year 2018 with a Europe tour trip to Switzerland and Paris (Jan-May 2018) and subsequently will launch two Asian tours for the remainder of the year (allocated capex of RM10m/year). For this year, the group is targeting more than 1,000 qualifiers for each tour (from previous high of c.800 qualifiers), which we estimated at c.RM185m in sales value per promotion period.

Better prospects for its wholesale and retail segments. Although both divisions (c.20% of revenue) are vulnerable to currency risk, HAIO’s focus on high margin in-house brands (c.40% for retail sales) has proven to bear fruits which produced higher-than-expected EBIT in its 1H18 results (>100% growth rate to RM9.6m and registered 33% EBIT margin) and the group expect the momentum to continue with the support of 140,000 card members in its retail segment. HAIO has added one more exclusive dealership under its retail segment recently and coupled with its existing Traditional Chinese Medicines (TCMs) line-ups, this is expected to boost earnings much further ahead and suppress any weakness in forex. (Please refer to the following page for the segments overview).

Outlook. We expect MLM earnings to gain further momentum with shoes and leather goods designed by Jimmy Choo which are set to boost highmargin products composition and supported by HAIO’s 26th year anniversary grand sales promotion in 2018 as well as higher contribution from the newly launched fashion and beauty care range of products under the “Infinence” brand. Moving forward, the MLM division will continue to expand its lifestyle segment of which margins are better compared to F&B products. On the other hand, wholesale and retail segments are expected to maintain its high EBIT margin with the in-house brands while mitigating forex weakness.

Upgrade to OUTPERFORM with a higher target price of RM6.00 based on 17x FY19E EPS implying +1.0SD above 5-year forward historical mean (previously from TP of RM5.60 based on 16x FY19E EPS, which was the +1.0SD-level back then). We believe our target PER of 17x is justifiable considering HAIO’s average 32% net profit growth per annum over the next two years. We like HAIO for its; (i) double-digit growth in distributors base (currently at c.160k), (ii) net profit growth averaging at 31% per annum over the next two years boosted by double-digit margin, and (iii) strong earnings support from high-margin products under its MLM and its leading Chinese medicine retail shops (under its other business). Risks to our call include: (i) lower-thanexpected sales, and (ii) higher-than-expected operating expenses.

Source: Kenanga Research - 23 Mar 2018

The revenue is within expectations.

The profit is above expectations.

The icing on the cake here is of course the unexpected announcement of 2nd interim dividend. This shows the cash flow of HaiO is very strong. Very generous too.

Kudos to SC.

i am still here, Matthieu. Just to inform everyone that, i still did not sell any shares for the past few weeks.

some shares are destined to be low PE. If outlook is bleak, low PE is justified.

so again, like Orna, i am the only one who still have confidence in this counter?

At the moment, there are no other products that could challenge some of Nestlé's products, like Milo. That's the moat factor.

@raider, you still haven't sell your HY?

i am still holding HaiO for long term. What convinced me is the dividend.

Dear Mr KYY, if you are reading this, i would suggest either HaiO or Yee Lee.

KYY already left. So who is willing to push up a counter with vulnerability of earnings? Just move on to some better counters is a viable choice. I can see Heng Yuan breaking RM10 support very soon. Might be even tomorrow..

long time did not see such a good article. Thank you.

the boom of e-commerce will continue to spur Orna's growth. The only concern here is how well can the management tackle the rising prices of raw materials. Other than that, this counter is a safe bet in the next few years too.

what a good result. The closure of stores in West Malaysia was a correct move.

I know it will be a loss. But did not expect such a huge loss..

In my opinion, a good company should be able to pay dividend to its shareholders. A basic requirement to me.

so am I the only one being optimistic? haha..

If you could hold long, this counter has a very good prospect.

any news on this? what a nice closing today.

i believe that banking stocks are always better than oil & gas counters. Good fundamentals.

hmm.. this counter looks very solid.

When >90% of the commenters DO NOT agree with your views or opinions, you termed them as cyber-bullies.. this is pathetic..

Did you do a self-reflection? You are NOT here to discuss share investments as claimed by you, but only interested in picking up fights with other commenters.

Good result. Got the economic moat. Congratulations to all Nestlé shareholders.

sochai of 2010-2018.. told ya.. his gambling mindset is etched forever..

how do you get the bonus issue from Masteel for 4,867 quantity shares?

A conman with a gambler mindset, how far can he go in share investment?

A person with high self-esteem 信心爆棚 like him, do you really think he could change? I can assure you a gambler mindset will never changed. It is deeply rooted inside him.

Mr Tan, from now onwards, it would be better if you could include the link where you quote this piece of news from. We do not know if this piece of news/article have been altered again by your goodself or not; like the one below:-

http://klse.i3investor.com/blogs/kianweiaritcles/147665.jsp

i still could not find this sentence from the original source where you had you quoted "The steel imports included Malaysia."

The words did not come from Reuters' mouth. Any amendments should be stated clearly.

When an article was quoted from somewhere, the contents should not be modified at all, not even a single word.

did they mention Malaysia's name? I still couldn't find it.

that article was posted by Tan KW and quoted from Reuters. But i couldnt find it in Reuters. i found it from other sources. It was without mentioning Malaysia's name. Can Tan pls post the link where it is quoted from? This is to prevent fake news from spreading around.

no need to panic yet. It has not passed in Senate. Only proposals.