Congratulations to all Pohuat shareholders who kept the faith.

Announcement on Hafary again

Moving.

Just profit taking. It will be OK. See you at 1.70.

Take it easy. The future is bright.

Looks like collection whilst going up. They took advantage of the hafary acquisition

Knife stuck in ceiling-lah : )

Interesting. Volume is low but price cannot pick up. Is it consolidating?

Good write up.

Agreed. DPS should be possible and in line with trend. Any less I would be disappointed. Pohuat may have gone down today but that is not important. We must be patient.

EPS 30 sen is feasible.

You realise its only a few shares. I myself sold some too. No big deal.

Patience. We still have time

I think there is time. There is a recovery. The initial phase will be quick then there will be profit taking and consolidation before going up again maybe taking small steps along the way. All this will take time and the market always favours the patient.

Lets hope that's it and the recovery is here.

No US dollar denominated loans as per latest quarter report

Palm oil contribution is material but not significant. These are people who know what they are doing and have in the past done all the right things. Taking over Hafary makes sense on paper and I am sure if they decide so it is so. I still have faith in the directors. What is happening now may not make sense to all of us now. Its painful but in time it will be crystal clear.

I think the contribution by the car division is insignificant.

I estimate there are about 13 million shares sold the past 12 or so days. Just 13 million or 0.5% of 2200 million issued shares! Imagine allowing the trading of 1/2 percent of shares destroy RM3 billion worth of value. I do not understand how someone who has in the past so carefully planned and executed his business can allow this to happen.

Silly isn't it.

I do not buy the theory that owner has sold....there are no large volume days before this. So if its a trap, the owner himself is trapped.

I think there is a problem and its a serious one. The company is paralysed.

Whats the point in swallowing up a small company like Hafary (RM136 million deal) if it causes RM3 billion worth of losses in share value??? Idiotic I think.

Do take a look at it and tell us what you find. Any logical reason would be welcomed.

3.75 is a support. But I doubt it will hold tomorrow.

Newbie. Its just a rough estimate. There are 2.2 billion shares issued. Of this the owner owns about 72 to 75%. The highest price for HSCB was RM4.99 and that was achieved late November. Hence owner owns 2.2 billion x 70% = 1.54 billion shares. Each share has lost RM4.99 - 3.75 = RM1.24 each. This now works out to RM1.9 billion lost. But as someone said it. He can afford it. We can't, even for our small sums.

Likewise. If its any comfort to you the owner is now 2 billion shares x 75% x (4.99 - 3.78) =
RM(1,815,000,000) short. ha ha ha

I do not think its shark selling. Even shark has a brain. At some point he must push the price up so that he can sell down again.

timss, I think it wise to hold back. No point burning even more money.

The problem with this one is that I do not see a buying climax. The volume now is also small in comparison with past. Also the large transactions are all done at the sellers price. All those at the buyers are all pretty small. I do not buy the story of a big shark selling unless he is selling at small quantities. It would seem that all support just ceased on 31st December. It does not make sense (at least to me). : (

Owner lost RM1.6 billion in value over 2 weeks. I guess I should not complain : )

Hmm. Accounting standards requires revaluation to be classed under reserves. Revaluation reserves can only be reclassified only when asset is realized.

I do not use NTA as a way to measure value. NTA is only useful if you expect the business to fail. I think PE is a better way to value a company.

Hopefully RM4 will hold.

Yes I agree, its just a matter of time. Hapseng has over RM600 million in cash but the takeover will consume 1/4 of this. That is still a lot of firepower left over should they decide to stop the decline which they can do "anytime". Would be nice to know the logic and reason for this decline though. I think it has to do with the buy over. Maybe its just a simple "shakeout" to kill off the weak holders. We will know in time. I expect the recovery to be quick (when it does come)

I agree. Some of us have a fair % of our capital with Hapseng. We are suffering and I see it as bad manners to quote such absurd low fair values.

Stay calm.

Icon. Its looking good.

I'll settle for a draw....: )

I think there is a possibility of a reversal tomorrow. Keeping my fingers crossed.

Anyway we are near RM4. Hopefully they draw the line there.

I think it's the Hafari takeover that is causing the price to fall. This is typical for a prospective buy over.

Aside from the bid to buy Hafary, does anyone know of any other reason why Hapseng should free fall?

I do not see a buying climax. I think this is only a shakeout before it moves up again.

Agreed too high

Yeah new lousy term

I think it will still go up (although now down 3 sens). There is not that much resistance. What we are seeing today is merely allowed profit taking.

2.00 for me. I am surprise it is doing so well today.

Plenty of support this morning...so I would not be worried.

I think 2015 will be a good year for exporters whose products are mainly locally sourced. Furniture companies should do well. I look forward t the further 3 sens dividend and especially the 1st quarter results.