Posted by Michael Puah > 2012-02-23 23:08 | Report Abuse

seriously undervalued share. Its PE ratio only 5. Watch out for its performance. Its profit is expected to rise.

Posted by Ah Xiao > 2012-02-23 23:25 | Report Abuse

yup, it is been performing well..... investor would expect at least 20% return in terms of earning per share.. will be on uptrend

Posted by Ah Xiao > 2012-03-18 23:25 | Report Abuse

PohKong- expected annoucement this week..... quarter result will out. Watch the performance. the share price could shoot up!

Posted by Ah Xiao > 2012-03-19 12:32 | Report Abuse

number of buyers are increasing

Posted by helmiputrajaya > 2012-04-30 10:25 | Report Abuse

buy signal??....ke akan jatuh lg??

Posted by stncws > 2012-04-30 11:23 | Report Abuse

Now gold is USD1660
If gold drop, it will drop...

Posted by helmiputrajaya > 2012-05-10 01:56 | Report Abuse

buy signal???

Posted by ysc69 > 2012-06-15 15:16 | Report Abuse

What happen to pohkong, didn't move at all?

Posted by Eric29 > 2012-06-15 20:10 | Report Abuse

y gold price up but dis counter can't up

Posted by theews82 > 2012-06-15 21:23 | Report Abuse

because you dint push it?

Posted by sianchoon > 2012-06-22 13:50 | Report Abuse

See some movement these days. I think would would see more difference in coming festive season.

Posted by Eric29 > 2012-06-22 21:38 | Report Abuse

Hope soo

Posted by CP TEH > 2012-06-22 22:58 | Report Abuse

hi

Gold up? Gold is in correction mode. Gold prices up will not help much for PohKong(or Tomei) ... but I do think mining companies will profit more, hence strongly correlated.

Technically, PohKong made a turn at 0.45 but watch current 0.50 resistance.

Just my opinion

TEH

Posted by helmiputrajaya > 2012-06-23 22:13 | Report Abuse

tq cpteh,...bro got my email???

Posted by KowChye > 2012-07-16 10:17 | Report Abuse

resistance at 0.50 can be broken if only it declares higher dividends....

Posted by ellyna riduwan > 2012-09-07 12:12 | Report Abuse

not bad

Posted by amdongdong > 2012-09-07 12:14 | Report Abuse

at least poh kong and tomei is stable than degem bhd,almost got no news about degem.too bad for that company.

Posted by TreFoil > 2012-09-11 21:34 | Report Abuse

Why pohkong moves so slow....

Posted by King Kong73 > 2012-09-11 21:38 | Report Abuse

because it can't decide whether it is a Poh or a Kong...sheessh so lame i know...

Posted by tonylim > 2012-09-11 21:45 | Report Abuse

King King, at least you are decisive to take up kong, with your king. Long live king kong ver 73

Posted by TreFoil > 2012-09-11 21:58 | Report Abuse

As heavy as a KingKong! Cant move fast....

Posted by King Kong73 > 2012-09-14 14:48 | Report Abuse

bought some at 0.475....the share price is cheap

Posted by King Kong73 > 2012-09-14 14:49 | Report Abuse

reason for buy...just bought a jewellery for the missus at Poh Kong...figure i might as well profit from it too...

Posted by King Kong73 > 2012-09-14 14:52 | Report Abuse

deepsvali coming soon bro...

Posted by ongtkong > 2012-09-18 11:01 | Report Abuse

Accumulation before frying

Posted by King Kong73 > 2012-09-18 19:06 | Report Abuse

bro ongtkong...shhhhhhh

Posted by Eric29 > 2012-09-18 20:14 | Report Abuse

Discounter cant up lar

Posted by josh > 2012-09-19 10:56 | Report Abuse

mooncake festival coming soon, buy OVERSEA ENTERPRISE (Stock code 0153) ;)

Posted by King Kong73 > 2012-09-20 15:46 | Report Abuse

For sharing..Poh Kong is number 1 in Malaysia..good "economic moat"
PETALING JAYA: Industry executives say the stimulus measures brought on by the US Federal Reserve and European Central Bank (ECB) have yet to be fully priced into gold, despite the profit-taking that immediately followed the commodity's rally on Friday when it rose to its highest in seven months.

“Gold is not overbought at all. We think it still has room to appreciate,” said Oversea-Chinese Banking Corp Ltd analyst Barnabas Gan, who has an end-2012 target of US$1,800 to US$1,850 for bullion.

“The US dollar was prior to this our safe haven pick but with the rollout of QE3 (quantitative easing) last week we have shifted our focus to gold as the preferred store of value,” he told StarBiz.

Bullion peaked at US$1,777.51 on Friday, a day after the Federal Reserve announced its third round of quantitative easing.

Both the US central bank and ECB had since early September introduced plans for open-ended pump priming activities to rouse their economies, with the former committing to buy some US$40bil worth of mortgage-backed securities each month until its labour market improved, and the ECB saying it would purchase, without quantitative limits, sovereign bonds on the open market.

Although gold investors cashed in their gains over the past two days, spot gold yesterday briefly overtook its Friday high, climbing to US$1,779.39 per ounce. As at press time, it was up US$3 to US$1,774.25.

“Everytime there is a surge, it is followed by profit-taking. This is called a correction. But the trend we see is that prices are on an uptrend,” Poh Kong Holdings Bhd executive director Ermin Seow said at a briefing.

“Overall, the environment for gold is still quite bullish. Now that QE3 is out, many analysts believe gold can reach US$1,900, if not US$2000, by the end of the year,” Seow said, adding that Poh Kong's own forecast was a more conservative US$1,800 for this year and US$2,000 next year.

OSK Research technical analyst Mohammad Ashraf Abu Bakar also believes the underlying price trend for gold pointed upwards, though some selling was to be expected.

“The current resistance is pegged at US$1,800, the next level being US$1,900. The rally could continue for the next one month.

“The selling pressure, if you look at it, has actually not been able to keep prices down,” he said.

Factors such as ultra-low interest rates in the developed countries and sustained money printing by central banks have resulted in negative real returns for savers, spurring investors to turn to gold as a hedge against inflation.

However, OCBC's Gan noted that a caveat to this was more bad news from the eurozone, which would prompt a flight to safety to the dollar.

Meanwhile, Poh Kong's Seow said the combined sales of the country's three listed gold retailers, namely Poh Kong, Tomei Consolidated Bhd and DeGem Bhd, would likely moderate this year to the mid-teens from last year's 32% growth on the back of a high base.

An estimated 20 tonnes of gold were sold in Malaysia in 2011 worth some RM4bil, with the three players seizing RM1.5bil of the market.

Poh Kong had the largest share at 52% versus Tomei's 33% and DeGem's 15%, Seow explained.

On the outlook for Poh Kong's sales, Seow said its turnover for the first three quarters this year alone have surpassed last year's total sales.

“On an annualised basis, our full year revenue should be 20% to 25% higher than last year, Seow said, attributing this to its new outlets, growth in same store sales as well as higher gold prices.

Poh Kong is due to report its financial results for the fourth quarter ended July 31 next week.

The company may also set up shop in neighbouring countries when the Asean Economic Community comes into fruition in 2015, which would enable the duty-free flow of products within Asean, Seow added.

“At the moment we are almost 100% domestic and export very little of our gold. We are more retail-based and do not cater for export markets.

“We could tag along with our retail partners into Indonesia and Vietnam when they venture there.”

Posted by passerby > 2012-09-20 19:17 | Report Abuse

alternative gold price ride

Posted by Mohd Azhan > 2012-09-20 22:57 | Report Abuse

gud.. switch to this counter

Posted by ongtkong > 2012-09-21 12:36 | Report Abuse

King Kong 73 - huat ah

Posted by kcchongnz > 2012-09-21 12:47 | Report Abuse

King Kong, good article posted by you. It appears that Poh Kong's shares are in high demand now. This could be due to the expected good final quarter 2012 results to be announced next week and insiders are taking advantage of this. Actually Poh Kong is doing quite well. Its trailing twelve months earnings is about 13 sen per share. With the price now at 53 sen, it is trading at an undemanding PE ratio of just 4. Its earnings has been growing at 30% for the last 5 years. ROE has improved dramatically to 16%.

Posted by Hong2 > 2012-09-22 09:43 | Report Abuse

Noticed, buyer has increased on Friday. Whats the TP? Anyone mind to share..... Thanks

Posted by Marcus Beh > 2012-09-22 09:56 | Report Abuse

This Counter also .... 起笑liao....!

Posted by kcchongnz > 2012-09-22 11:57 | Report Abuse

Using Warren Buffet's concept of owner's earnings, a DCF using the following data and assumptions gives an intrinsic value of 1.06 per share for Poh Kong. This means that there is a margin of safety of 48% investing in this share at the present price of 55 sen.

Data
Trailing 12-month revenue and earnings 808.5 m and 53.9 m

Assumptions:
Next 5 year growth in earnings 5%
Terminal growth 3%
ROE at stable growth 10%
Required return 12%

Posted by Hong2 > 2012-09-26 12:49 | Report Abuse

Why keep dropping?

Posted by kcchongnz > 2012-09-26 12:58 | Report Abuse

I think the market is dominated by traders for short term play. Maybe it is time for them to just contra off the small gain they have made without having to take up the scripts. The price of the stock is often dictated by these speculators, their emotion and short-term economic or political outlook and have nothing to do with the intrinsic value of a stock. For retail investors, it is important to understand the value of a stock and invest accordingly rather than speculating and react to its every moment changing prices.

Posted by Hong2 > 2012-09-26 13:15 | Report Abuse

Thanks, Kcchongnz. Valued shared and appreciated.

Posted by ongtkong > 2012-09-26 14:16 | Report Abuse

PohKong 1 day up, many days down. What the hack ?

Posted by King Kong73 > 2012-09-28 09:30 | Report Abuse

poh kong q3 results is very assuring..nav increase to 0.95.

Posted by King Kong73 > 2012-09-28 09:33 | Report Abuse

oopps..q4 result not q3..eps increasing..woohoo

Posted by Fat Cat Tim Buddy > 2012-09-28 09:37 | Report Abuse

look carefully , the 4th quarter profit is lower than last 4th quarter profit, but for the whole financial year, it EPS , profit , revenue all up, even dividend also up... up 0.1 cent wahahaha

Posted by kcchongnz > 2012-09-28 10:24 | Report Abuse

Poh Kong's 2012 financial year results shows earnings increase from 10.2 to 12.5 sen. NAB also increases to 95 sen from 84 sen. My valuation of Poh Kong based on owner's earnings does not changed much from my previous valuation of about RM1.00 per share. However, I emphasize much more on cash flows than earnings or NAB. Poh Kong's recent cash flows doesn't impress me at all. CFFO is negative at -25m due to too much cash tied up in inventories. This is a real concern.

Posted by King Kong73 > 2012-09-28 10:34 | Report Abuse

woohooo...deepavali coming..

Posted by Hong2 > 2012-10-01 21:39 | Report Abuse

Haiyah....for longterm!!

Posted by King Kong73 > 2012-10-03 21:59 | Report Abuse

woohhoo...deepavali coming

Posted by Hong2 > 2012-10-03 22:04 | Report Abuse

Is the div payout confirmed?

Posted by ongtkong > 2012-10-03 22:51 | Report Abuse

Normally div is paid beginning of the year. Jan or Feb after the AGM.
Proposed is 1.5sen

Posted by Hong2 > 2012-10-04 19:21 | Report Abuse

Noted with thanks, ongtkong!