Date of Change: 03/08/2016
Type of Change: Resignation
Designation: Executive Director
Directorate: Exec
Name: LU KUAN-CHENG
Age: 27 (富二代). Can he perform?
Country: Nationality: Taiwan, Province of China

(He had been selling almost everyday for the past few weeks. Selling pressure came from him)

http://www.themalaysianoutsider.com/business/article/malaysias-furniture-exports-set-to-rise-under-tppa

Thursday, 25 Feb 2016

5:22PM SHH 1H net profit 8.216 million (increased 537.89%) Latest Quarter EPS=9.47 sen

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5009917

全年的DPS是15仙，以RM2.45计算，Annual Dividend Yield 是 6.1 %左右。
可以看到美金让公司获益匪浅, 2015年第四季度到12月尾的汇率保持在1USD=RM4.20以上，FLBHD的业绩相信将会是另外一轮爆发(第四季度业绩最迟在25/2/2016公布)。因为第4个季度一直是FLBHD的传统旺季，加上公司手持RM85,474,000的现金，深信这家公司还是有不少的潜力等着挖掘。保留盈余 - Reserve是RM93,910,000,

US new home sales surged in December to a 10-month high.
By Bloomberg----- January 27, 2016 : 11:28 PM MYT

WASHINGTON (Jan 27, 2016): Purchases of new homes in the US surged in December 2015 to the highest level in 10 months, closing out the best year for housing since year 2007.

Sales jumped 10.8% last month to a 544,000 annualized pace, a Commerce Department report showed Wednesday.

Employment gains and attractive mortgage rates combined to push new-home sales forward for a fourth straight year. The housing market is making progress, that’s going to continue this year.

SHH. 1Q net profit 3.481 million (increased by 785.75%)
First and Final Tax-exempt Dividend of 10% (10 Sen per share)
Entitlement Date and Time: 23/12/2015 04:00 AM
Year Ending/Period Ending/Ended Date: 30/06/2015
EX Date: 21/12/2015

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4936617

Look at the just released Quarterly result of its peer group, FLBHD.
EPS of FLBHD for Current Year Quarter is 9.35 sen.
EPS of FLBHD for Preceding Year Corresponding Quarter was 3.21 sen.
Therefore SHH should perform better than last Quarter.
I do agree with the above fair value at MYR 2.84 (20% potential upside) based on 11x 2016F P/E.

Notice of Twenty-First Annual General Meeting. Date of Meeting: 10/12/2015, Time of Meeting: 3.00 pm.
Venue: Putra Room, Kelab Golf Sultan Abdul Aziz Shah, No. 1, Rumah Kelab, JalanKelab Golf 13/6, 40100 Shah Alam, Selangor Darul Ehsan. Date of General Meeting Record of Depositors: 04/12/2015

SHH Resources: Keen to acquire smaller peer to expand business.

SHH Resources Holdings is banking on M & A to expand its business while boosting its production capacity to meet increased demand for furniture.
"In fact we're talking to a few smaller non-listed companies," executive deputy chairman Ling Hee Keat said. However, Ling has ruled out acquiring local listed furniture firms, as he doesn't see any potential fit to its current business. (Sun Biz).

Current price= Around RM6.60 and Rolling EPS= 82 sen
PE ratio= 8.05

(1) PE ratio is lower than the othe furniture exporting companies like :
(a) Homeriz (b) Pohuat (c) Hevea (d) Shh

(2) Benefiting from strong appreciation of USD.
As the company exports its products to USA, Latitude Tree will benefit from strong USD which will last for a few years.
From the 2014 Annual Report, about 99% of the sales were denominated in USD.
Forex Rate on 30/9/2015: 1 USD =RM4.3955
Forex Rate on 30/9/2014: 1 USD =RM3.2805

(3) Net cash company. Net cash position of 80.9 mil

(4) Declared 12 sen T.E. Dividend.

First and Final Tax-exempt Dividend 10% (10 sen per share)

EX Date: 21/12/2015
Payment Date: 08/01/2016

Entitlement Date and Time: 23/12/2015 04:00 AM
Year Ending/Period Ending/Ended Date: 30/06/2015

turbochart :
Expected to suspend due to what ??
How do you know the TP=1.90 ?

也是可以从另一只刚宣布业绩不久的“家具股”-- 堡发资源 (Pohuat) 得到关于整体家具股的走势和讯息：

家具销售通常是第四季最强，因为需求会在年终圣诞佳节前涌现。
业绩会走强主要归功于美元兑令吉升值、效率及经济规模改善。
由于销售主要以外币计价，尤其是美元，因此，美元走强估计将激励家具股的净利表现。
美国的新屋开工及二手房屋的销售数据出现正面迹象，这都是家具股出口的晴雨表，因此，“家具股” 如 SHH 未来盈利展望受看好。
SHH 的 NTA 都已经 RM1.61, 已经宣布每股股息是10仙。

分析：达证券
http://www.nanyang.com/node/723517?tid=462

Ai-yah, Sangharimau. SHH has only 49.997 million shares only (paid up capital), most of its shares are tightly held by major shareholders and medium term investors.

The above was published on 4th of Sept 2015 regarding "Hevea Board, SHH jumps on report of merger talks still ongoing".

Will the above M & A eventually materialise?

But one thing for "sure" , that is SHH had declared single-tier dividend will be10 sen per share, likely ex in Dec and pay in January 2016 (just like last year's 2 sen dividend ex date in Dec).

At today's closing price of RM1.42 per share, it's Dividend Yield is 7.04%. That is invest RM1,420.00 in SHH for 4 months, dividend=RM100.00. After 4 months, will its share price be higher than now? Consider its fundamentals, last quarter's (April--June 15) EPS was 7.52 sen per share. SHH exports furniture mainly to USA and earn in USD.

Next quarter's (July--Sept) earning should be even better with 1USD=above MYR4.00. Then, Oct--Dec's sales will be even higher because in USA, people buying new furniture for their homes before Christmas.

http://www.theedgemarkets.com/my/article/heveaboard-shh-jumps-report-merger-talks-still-ongoing

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4854081

turbochart:: Are you sure?? From where did you acquire this rumours "Heave takeover SHH at RM 1.60 ? The Edge published this many months ago already! Then, later??? What happened??

Mun Hong: Could you please elaborate a bit further what did you mean "the big increase ''other income'' which you believe is non-recurring".

On behalf of the Board of Directors of POHUAT, RHB Investment Bank Berhad ("RHBIB") wishes to announce that Bursa Malaysia Securities Berhad had, vide its letter dated 27 August 2015, resolved to approve the following:-

•Proposed Share Split;
•admission to the Official List and listing and quotation of up to 56,693,552 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants; and
•listing and quotation of up to 56,693,552 new POHUAT Shares arising from the exercise of the Warrants.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4849661

http://klse.i3investor.com/quoteservlet.jsp?sa=ss&q=SHH

27/08/2015: Discovered the unnoticed/undiscovered gem (隐藏的宝石) or ruby (隐藏的红宝石) of SHH during morning trading session.

(1) We set aside the takeover rumour of SHH by Hevea at RM1.60. Just concentrate on SHH's fundamentals.

Once very good quarterly financial results were released yesterday (26/08/2015 ) plus declared single-tier dividend of 10 cents per share, today SHH gap up opened from previous closing price of RM0.955 to RM1.16.

(2) SHH's next Quarter financial result should be even better considering July--August/Sept, the Forex rate of 1 USD = RM 3.80 to more than RM4.20 range.

(3) SHH has 49.997 million shares only at PAR value of RM1.00 per share. It has a high chance of "Multiple Proposals" of Bonus Issue, Shares Split, give free Warrants etc (if its profits keep on increasing). This will increase its liquidity . This will be the "second catalyst" to move its share price to historical uncharted territory.

26/08/2015 just announced 4th Quarter EPS= 7.52 cents. 1st Q=0.79 cent, 2nd Q=1.79 cents, 3rd Q=3.07 cents, 4th Q=7.52 cents. Total annual EPS=13.17 cents. Declared 10 cents DIVIDEND.

(1) Its profits are improving every quarter. Koon Yew Yin advised us to only buy shares which you expect the profits will be getting stronger and stronger.

(2) SHH is a furniture company using local raw materials and exports its products mainly to United States and earn in US Dollars (USD). USD is expected to be strong for the next few years.

(3) SHH is now only trading at an undervalued price of RM0.995 per share. But its latest annual EPS is already 13.17 cents. PE is only 7.56 times. Which other furniture stock is now trading at this low PE ? Look at the PE of Latitude, Liihen, Pohuat, Evergreen, Hevea etc.

(4) It declared 10 cents dividend per share (T.E.) compared to a dividend of 2 cents per share last year. At the present price of RM0.995 per share, its Dividend Yield = 10.05%. How many times higher than FD Interest Rate in banks? Besides, looking forward to capital gain.

(5) Its NTA is now RM1.61 per share compared to NTA of RM1.50 per share last year.

(6) This stock is a real test of holding power for medium to long term investors. Very few free floating shares in the open market.