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2019-10-29 17:13 | Report Abuse
hng33 i get ur point on dividend, but i believe Homeriz - WA at its lowest, have around 20% premium in its lifetime! WB 5% now is just way too low!
I also like Pohuat, and just like Homeriz I think they're under appreciated by the market. But Homeriz has 0 debt and double digit profit margin. If u take EX-CASH PE ratio, Homeriz valuation is also very similar to Pohuat.
Only worry about Homeriz is that its revenue growth is shrinking but according to the discussion in the link above, I heard they recently secured new orders from the US.
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2019-10-29 16:49 | Report Abuse
WB at 24c, mother at 74c... premium 5%, not logical. Seen it and called it before when WB listed, takes time for market to digest but it will be efficient in d end.
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2019-10-29 16:11 | Report Abuse
mother and son on the move! Previously when Homeriz at 0.73, WB was close to RM 0.30
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2019-10-29 16:11 | Report Abuse
chart of WB premium over its life span is in the link
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2019-10-29 15:19 | Report Abuse
QR coming next 1-3 days.
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2019-10-29 15:18 | Report Abuse
Entered back into HOMERIZ-WB at RM 0.22, WB premium as compared to mother share is now around its all time low of 6-7%.
Logic of trade:
1) Homeritz WB premium (7%) is at much lower discount with over 2 years to maturity over Homeritz WA premium (32%) with less than 1 year to maturity. This is illogical.
2) Homeritz WB premium hovering its all time low, indicating safe entry. Average premium over its lifespan so far is 15%
3) Homeritz mother share technically looking pretty, broke out of 2 year trendline resistance with good volume
4) Homeritz mother share fundamentally sound. 0 debt, cash rich, one of the lowest valuation vs its peers in PE-ex cash term and USDMYR in 3rd Q higher than 1H 2019 indicating potentially better Q3 performance
5) Spring Art upcoming IPO brings back interest into the furniture sector, making people look & realise Homeritz undervaluation vs its peers.
source: https://www.facebook.com/1997932356957345/posts/2496549493762293?sfns=mo
Stock: [HOMERIZ]: HOMERITZ CORPORATION BERHAD
2019-10-29 17:17 | Report Abuse
iceberg, last time i entered WB at 0.138, took profit around 0.28. Can see image proof in my profile in stock bit haha
This one abit more risky cos no one knows what will happen in the upcoming QR, but so far we know that owner n wife sold off their warrant to buy little bit of mother share, and usdmyr this jun-sept 2019 is stronger than last year usdmyr jun-sept, so lets pray for the best.