No effect from logistics ke @derrick

actually i take back a part of my words, 9 cents dividend divide by 1.79 is 5%. Just realised haha

thx Derrick for ur input

can do not too bad* typo

But 计划赶不上变化 哈哈哈哈 will continue monitor

cuz I planned to hold long term, if everything goes to plan.

That is at least my 2 cents that ive been betting on la, u nid to factor in ur entry price. If tomorrow fall until 1.5, i still making money, so... xD

There was a sharing by a fren showing that USD furniture Total Available Market yearly is 10B USD. Liihen only export worth 200M USD of furniture to USA. Do you see the room for growth there? If Liihen daigor can do well, Pohuat with its sound fundamentals and solid base in MY and Vietnam can do too bad either.

Then quantitative side, I compared it with the other best choice in this industry, Liihen. Liihen latest earning was 28.9m, Pohuat 22.1. So Pohuat's earnings is 0.76 of that of Liihen. Assuming Pohuat can maintain such earning levels, it should deserve 0.76 of Liihen's market cap?

Liihen's market cap is 738m. 0.76 x 738m = 560.88m
Divide 560.88m by 278.3m (number of shares) = 2.02 per share.
So if u apply a margin of safety, and look at the fact that pohuat does not have a better dividend than liihen, 1.7-1.8+ should be a fair value.

But, if it is observed that the coming qtrs, Liihen and Pohuat can do well or perhaps better than today in terms of earnings, I dont see why not it will not continue growing. Many people said furniture is cyclical, but I dont think the cycle has ended yet. (USA furniture market is booming) Hence, that is why I hold, from my previous low position, and topped up batches at fair value.

Honestly speaking I think the fundamentals are sound. Their productions unlike other companies, are not only based in Malaysia, as they have a large factory in Vietnam. As we all know, MY currently having issues with the containers, and I'm not sure if its the same case in Vietnam. But according to QR, Vietnam brought in more revenue compared to the previous qtr, whereas Malaysia brought in lesser. So I infer that there are certain pros for basing labour-intensive production in Vietnam, maybe in terms of cost and logistics-wise.

In short, I am more comfortable knowing that if MY GG due to some emergency situation (touch wood), i can sleep soundly knowing that Vietnam operations may probably still cont.

understandable la bruhs, but getting all roughed up cant change anything, juz do our research, gauge our own version of the intrinsic value, and trust ur decision will do, cheers and all the best ppl, be it in investing or in life; none is easy

i waiting to collect 1.6x cant get :(

yes large volume queuing to sell at 1.8-1.82, what can do, market have different ways of interpreting data. Wait for consolidation ba. And if fundamental turn sour or suddenly fly too far north, can sell lo. Can also sell now if u alrdy made money hehe

@Derrick juz realised we were wrong

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3116148

will have another 2 cents dividend, ex-date yet to be determined

ppl stil wanna monitor the issue on logistics i guess, chill dulu

scared apa longkang xD look further

can contemplate adding another batch to reap more mid/ long term profits

Yes, plus dividends have increased also. 7sen -> 8sen -> 9sen... hopefully the industry can keep growing, but nid to monitor myr exchange rate and logistics and raw material price

@bullrun1985 wa u chg ur attitude 180 degrees ya... should learn to be more decisive, do ur research, trust it and dun let stock prices influence you. Investors should look at intrinsic value.

As a key furniture sourcing point, we have benefited with more orders being received from our customers for shipments all the way until Jun / July 2021. We are confident that demand for our products will remain strong in the coming year. Our shipments have been particularly strong over the last few months and we are now up to speed with our production schedule vis-à-vis new supply and logistic arrangement. As before, we are developing products to cater for the stay at home and work from home requirement. We are of the view that the global furniture trade will continue its growth in 2021 as we adapt to the new normal and global economy activities return to normalcy.

They sound confident thou. (dunno over-confident or not)

But i think current price has priced in logistic issues which ppl thought would giv pohuat a bad qr. Fair value shud be 2.0 ish. If the market buys their story that there will be strong orders all the way until July 2021, and further growth in the furniture market overseas, no issue for the stock price to go further north.

I'm slightly sad that there is no announcement saying that they have expansions plans though, else this would further prove their confidence that there is a growing market in USA.

I can happily sit back again watching my position grow while collecting dividends. hehe

Derrick is right, the last dividend is the 1 with tomorrow as ex-date. Total 9 cents for this financial year.

good qtr haha, pays to do and trust ur own research

1MDB aso can klr wow xD

so we can accumulate cheap xD

liihen rebound, pohuat 24th dividend ex-date, tomorrow shud gt show kot haha

hoho can masuk liao

If you scroll up somewhr, Alvin said alrdy he trying to bad talk serbadk so he can buy cheap tickets xD

according to my scuttlebutt, mmg shipment fees borne by customer, so mmg wont affect profitability but it affects whether customer wants to buy due to price increase

thx Derrick, reassuring, hopefully will be a good qtr

aiyo yes... dont be too ken with me thou, i cant influence price pun xD

its time to accumulate again hehe

rebound pulak...

faster drop back lemme accumulate xD huehue

Answer is simple... Petronas and Shell not increasing their Opex, will not affect the existing contracts, just maybe no new contracts, thats all

coming back to 1.6-ish for accumulation mode? ahaha

solid furniture companies still have opportunity to tap into the large total available market overseas in the long run, i came in to hold long, not looking at price fluctuations for now, unless rlly overvalue will sell and wait to collect when drop again

good thing to have averaged down haha

resume uptrend

weak hands dw to hold, more keen on selling, what to do lol

yes bruh chill @bullrun

sure dy meh suv perodua?

drop bcuz petronas sold a portion to giv dividend to gomen. chill la, accumulate as the fundamentals have not changed

hmm seems like many are trapped here xD

the most boring stock might be the most money-making stock 闷声发大财

not via the open market for sure, large chunks not for retailers

no, still in for now. 1.75 no talk xD, maybe higher i might sell my remaining units then re-enter pohuat or liihen if it dips

wa so heavy selling, so many weak hands meh

@smallkid no probs hopefully all will be well cheers

@riaz report to SC? I wont mind if I know how haha

entering furnitures now ke bruh, just a head's up, be wary of the lack of containers now in Malaysia, adds to the shipping cost, export-based companies will be somewhat affected,

cuz i hold pohuat and monitor liihen also