Just wait for next QR. Believe net profit for whole year will be around 32 sen per share. Share price should reflect the earning potential and NTA. Only hope that the company can declare 10 sen to 15 sen dividend.
I think most investors like big projects with big money. Also dont know whether the projects got profits or not. Here in PK already got big profits and sitting on a pile of gold. The only drawback is that they are not generous.
@Bullballs very well said, most like to pay future premium although we still don't know how those big future projects can translate into profitability, credentials of company is even still unknown in new IPO
here we got established business with good consistent profit and also good future prospects, yet people think the stock is already priced in, no longer undervalue (although obviously it is still undervalue if you look into it's fundamental figures). those future stock not only priced in their future expectation that not guaranteed but some also overvalued even if the future is indeed as expected
malaysia retail gold price baru mahu up follow global gold price, tomorrow tomei & pohkong should be got show already. those who no patience sold today dunno what to say
Gold prices have surged, reaching $2430 per troy ounce on Tuesday, flirting with historic highs. The recent spike in gold prices is largely attributed to comments made by Federal Reserve Chairman Jerome Powell, which have bolstered expectations of an impending interest rate cut.
I believe PK will report a higher profit in QR3 compare to QR2 due to the following reasons: 1. Gold price has soared higher in 1st half of July 2024 compare to QR2. 2. Tomei has raise gold price by RM15 to RM425 per gram starting today.
Gold dropped a little bit, everybody so quiet or start to run away, ya??? The money is in PK. They can easily come out with 100m cash besides all the gold that easily worth 1b by current price.
@StartOfTheBull most probably follow already, so as other smaller gold retails companies, just no official announcement only. they all know how to run gold company, especially the biggest pohkong, no need to worry such thing for them.
GOLD prices drifted higher on Monday as the dollar eased following U.S. President Joe Biden's decision to withdraw from the 2024 presidential race, with investors turning to bullion as a hedge against an uncertain political and market outlook.
Gold stock like Poh Kong & Tomei can earn decent profit margin as long as the gold price is above USD2100 per ounce. Poh Kong is really undervalued with PE=4.77. Moreover, the laterst QR earning is 11.61 cent. If the gold price can maintain above USD2300 per ounce, the earning could be 40 cent per year. What's the low share price, POH KONG is only RM1.16 NOW.
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....
biggie0000
72 posts
Posted by biggie0000 > 2024-07-15 15:31 | Report Abuse
drop more I buy more