results are from FMCO period, its actually almost a miracle they are in plus

for me tomei is now about weddings backlog so many people must buy at least gold rings, another factor was deepavali. I saw personally their shop full these days

alpha: yes but tomei is not gold etf, they make profits from sales ... high gold price will increase profit margins but still their bottom line comes from sales, if gold is at 5000usd but they dont sell single ring they dont make any money. same if gold price is low but people will go crazy and buy lot of gold, they make profits. I am a long time supporter of tomei, but thanks to their fundamentals, for me its not just a gold proxy, for that i buy directly gold etf ...

but pls be aware the next QR will for MCO period so not good, now its more about the future profits here

it took a long time to start moving ... myself target more to 1.5 level

im a strong supporter of tomei, but i dont expect any significant gain in the short term, it will probably take months maybe even year to get to its fair value, next QR will be affected by FMCO so impossible to inspire people to buy, price of gold also can not expect will go up significantly, the company listing proposal will also take more time... just hold & buy more on weakness

these days there is also liquidity problem, so any bigger buyer/seller moves the price a lot

when gold price moves, people overreacting on tomei, more important are sales and the proposed listing should be positive

sleeping time, no significant news no price movement

there will be another 2 years of low interest rates and high inflation.... after that? no one knows for sure

first deliver results as good as he did and after only question his advice

we should concentrate more on what matters the most - shops are reopening and hopefully sales will be great

stockfreak - it is what everyone knows and predicting a very long time ago already, so it must be well priced in atm. only dramatic and unpredicted changes will result in gold price (rapid) movements

KYY is playing monkey games, buy sell buy sell so confusing from the bursa disclosure

fed policy will have minimal effect as everyone watch it and predicting based on that, so it can not work anymore as markets move the way where it hurts the most people

it is a sleeping time for tomei, without significant news or gold price movement nothing much happen here

arreit undervalued, good investment with a good margin of safety, I maintain my optimistic stance going fw

gold price above 1800 could boost tomei

crying: share investment is a longterm thing, never invest money which you will need within 1-2 years at least, if your post is not just sarcastic joke, you will need to hold for some time once profits starts flowing in again once shops reopen

I just came from shoping mall, gold shop open (but not tomei directly there) it was half full of people

SinGor: QR results are not good, but its not minus and shops are reopening already, I dont see any possible reason for tomei to go limit down. Or you see it is limit down how you predict yesterday?

key points from the report:

- compared to the last year, both Q/Q and H/H gross profits are significantly higher

- "cost of sales" is a culprit for lower profits

- EPS Q/Q is 0.98/1.36, H/H 10.97/4.25 - so, so far this FY cum. EPS still more than double compare to prev. FY

- current assets & reserves up, liabilities (both) down

- "Net (repayment)/drawdown of short term borrowings" -15.1M, this is significant

- cash down, bank overdraft up (MCO?)

- net gearing ration down to 0.63 from 0.67, good

- during this Q they paid div 2 sen

- "During the period of the FMCO, the operations of the Group with the exception of e-commerce division
were shut down in compliance with the order", we know this ...

- " the Government has on 15 August 2021 granted some
relaxation to the economy sector whereby 11 additional selected retail sectors including the jewellery business are allowed to reopen starting from 16 August 2021", we are looking in to the future

- compared Q/Q sales & manufacturing is up 93%, H/H is up 92%

- "due to lower gross profit margin, the Group reported lower profit before tax (“PBT”) of RM2.126 million compared to RM2.540 million last year."

- "The Group’s revenue for the current quarter of RM146.644 million is 42% lower than the preceding quarter due to the lockdown for the whole month of June 2021. As a result, the Group reported a lower PBT of RM2.126 million"

Results are worse than I was expecting, but it is a MCO QR (partially) and it is all about the future results only. No one was expecting miracles for this QR after all. Im not happy with these results but I will keep on averaging down and hope for coming 2 - 3 QR catch-up.

prince: good, it will help you see tomei from the positive side too ;)

I really dont pay attention to negative comments / low target prices, I decided on tomei a long time ago and will not change my mind ... gold price is at elevated levels (see gold chart 2 and 5 years first before comment), shops reopening, fundamentals strong, people will trade gold a lot since they were unable to do that during MCO etc. etc.
my target is around 1.5rm

everyone thinks price of gold will crash, but in reality it keeps going up and up

https://www.liteforex.com/blog/analysts-opinions/gold-price-prediction-forecast/
https://gov.capital/commodity/gold/

risekita8: its again up at the levels before flash-crash, see the chart

gold price rebounded... as expected

my reasoning is, if someone needs to sell or buy gold, they will not simply "cancel" their plan because of FMCO, they will wait once shops open ... and gold counters make mostly money from transactions -> more transactions = higher revenue = higher earnings, independent of the price of gold (but yes, high price of gold improves margin)

just wait for the next QR, after can discuss...

markets are forward looking, reopening will come soon, any drop in earnings is temporarily only

ValueMe: the last EPS was 9.93 and you are right next QR will be less, but even with 60% EPS decline, tomei is heavily undervalued. Lower gold prices are long time priced in already, it was actually very overdone.

hui: I cant give any investment advices, dont have license for that. Your decision should depend on your risk profile and buying power.
I am in a minus right now and keep on averaging down on any weakness.
For me tomei is a good investment longterm as their fundamentals are improving and it is trading with a very low trailing P/E. Even when counting with the current prices of gold, tomei should (once shops open) deliver at least 20sen EPS.

gold overnight got to the support level where it strongly rebounded, indicating downside is limited for now

I just buy some more, in 2 weeks time there will be results out, which will show tomei even during MCO made a nice profit, expecting EPS 4 sen which indicates fair value at around 1.5 rm

so predictable a?

still the same, maybe with fair value now even lower

my old post: https://miloshtrading.blogspot.com/2021/06/mrdiy-5296-overpriced-malaysian-tesla.html

fair value rm 1.5 at the best

aluminum in high demand, shortage

there is a low interest in tomei these days, just some light buying activities after price of gold went up, need to wait for any significant move

there are only 2 kinds of predictions, lucky and wrong

only way to go now is UP

join now and get bonus shares + div

technically - triangle is forming there, soon will go up finally?

not late at all

dow rebounded overnight

leonfb weak next QR is priced in already

there will be probably some more downward pressure today because of price of gold