Let's sum up the salient factors of Harrison again:
1. Harrison is backed by High NTA, low P/E and high dividend.
By all 3 investment yardsticks it qualifies as a Value cum Growth Stock.
2. It is into distribution of FMCG like Milo, Maggee mee, coca cola and other basic necessities which are recession proof.
3. The signal given by increasing dividend from Rm150 to Rm250 indicate that Harrison is now moving up a higher level. Will it follow DutchLady increasshare price rise from Rm4.00 to Rm40.00 when Dutchlady decided to increase dividend yield progressively.
4. The Cash Hoard of over Rm80 millons or more is too excessive. More could be given out by way of dividend to reward shareholders.
5. The Assets of Harrison are now more than 20 years old and still listed at Old Book Value.
If revalued NAV/NTA should double or triple from Rm4.38 to Over Rm8.00 and above Rm11.00
This shows it is selling at Deep discount.
6. Top 30 holders are Intelligent Value Funds like Yeoman, investment banks and others holding almost 82% of Harrison shares tightly.
7. Like MFCB last time which Calvin Tan Research chun chun forecast of bonus issue with free warrant (which was fullfilled later) Harrison is also ripe for a Capital Exercise soon.
8. Calvin thinks when dividend date by June AGM is confirmed with 25 sen cash payout Harrison share price should rise up on its Strong Fundamental to near Rm4.50
9. So load up while still cheap. THEN HOLD TIGHT THIS GEM WITH LONG TERM VALUE.
ALL VALUE FUNDS, DEFENSIVE FUNDS, DIVIDEND FOCUS FUNDS AND GROWTH FUNDS SHOULD HAVE HARRISON IN ITS PORTFOLIO.
This business got any new business venture that are able to grow their revenue further? All i see is very safe position sitting on their logistics monopoly in east malaysia, undervalue assets...and not much business growth.
The price is fairly valued and sustained by its high dividend payout. Financial performance wise is quite mediocre. Its recent year FCF is not very impressive compare to its dividend payout. Guessed that they did liquidate some asset to fund the dividend payout. Problem with this kind of business is its razor thin net profit margin of 1-2% only. Its not going to change to DLADY overnite.
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calvintaneng
55,833 posts
Posted by calvintaneng > 2017-04-26 07:45 | Report Abuse
Let's sum up the salient factors of Harrison again:
1. Harrison is backed by High NTA, low P/E and high dividend.
By all 3 investment yardsticks it qualifies as a Value cum Growth Stock.
2. It is into distribution of FMCG like Milo, Maggee mee, coca cola and other basic necessities which are recession proof.
3. The signal given by increasing dividend from Rm150 to Rm250 indicate that Harrison is now moving up a higher level. Will it follow DutchLady increasshare price rise from Rm4.00 to Rm40.00 when Dutchlady decided to increase dividend yield progressively.
4. The Cash Hoard of over Rm80 millons or more is too excessive. More could be given out by way of dividend to reward shareholders.
5. The Assets of Harrison are now more than 20 years old and still listed at Old Book Value.
If revalued NAV/NTA should double or triple from Rm4.38 to Over Rm8.00 and above Rm11.00
This shows it is selling at Deep discount.
6. Top 30 holders are Intelligent Value Funds like Yeoman, investment banks and others holding almost 82% of Harrison shares tightly.
7. Like MFCB last time which Calvin Tan Research chun chun forecast of bonus issue with free warrant (which was fullfilled later) Harrison is also ripe for a Capital Exercise soon.
8. Calvin thinks when dividend date by June AGM is confirmed with 25 sen cash payout Harrison share price should rise up on its Strong Fundamental to near Rm4.50
9. So load up while still cheap. THEN HOLD TIGHT THIS GEM WITH LONG TERM VALUE.
ALL VALUE FUNDS, DEFENSIVE FUNDS, DIVIDEND FOCUS FUNDS AND GROWTH FUNDS SHOULD HAVE HARRISON IN ITS PORTFOLIO.
HAPPY LONG LASTING VALUE GROWTH INVESTING.
TEN THOUSAND CHEERS!!