top up some more POHKONG at RM1.18 (20 june 2024, 2.35pm), switched my capital from TOMEI to POHKONG here because POHKONG recent QR is a lot better. overally POHKONG improved a lot more than TOMEI. focusing solely on POHKONG as my gold counter now
@Bullballs confident but definitely not 100% sure la, nothing is 100% sure in investment, as long as don't all in it is worth the risk / favourable odds (for me personally la)
Adding here, this stock trade like gold miners. Even though gold drop overnight but gold miners mostly up. Gold cannot press too hard, China and central banks are waiting to buy in. Just wait for friday pce report and see how gold react.
If this stock behave or trading like gold miners and not for its valuation, then still good to trade as gold will goes up while dollar will depreciate over time.
The PAT for Q3 2024 is 47.6 million. This PAT already broke new record quarter profit. Last 4 rolling quarter EPS is 24.34 sen. This stock is trading at a PER = 4.64. Feel quite sad this stock just cannot perform. This stock is really undervalued. Thank you.
gold counters are a little funny, basically they buy gold and sell as finished goods, so if gold price go up rightfully demand shd go down, and gold becomes less affordable to people, therefore less transactions and therefore less profit but here its the opposite..... when gold price go up the profits of gold counters ho up also LOL ... can someone help explain this to me ah? Now the PE ratio has gone down to 4x which is undervalued.... so will investors buy and push the PER up?
Gold price up b’coz demand up (not down) - ultra rich always buy gold as wealth preservation
Since Jan23, gold price up 20% in usd but up 35% in local RM..gold EXTREMELY valuable in countries local currency laosai like Argentina/Turkey (wealth preservation)
About 20 central banks still expect to raise their gold holdings in the coming year, spurred by heightened geopolitical and financial risks, according to a World Gold Council report.
With increasing profits, PK will pay higher dividends or give bonus shares in the near future. The directors also know that PK is undervalued and they also want to get a bigger share of the profits.
hope gold price can finally sustain above 2400 until tomorrow morning klse open trade. pohkong can't forever stay 1.17 if that happen. 1.20 shall be our new floor
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SincereStock
2,361 posts
Posted by SincereStock > 2024-06-18 17:47 | Report Abuse
pohkong EPS is better than tomei based on both's share trading prices (annualized PE)