Yocb has enhanced it's marketing strategy within these few yrs n is now aggressively promoting it's sell thru online web like Lazada n shoppe during covid period . Encouraging result being seen
Bedsheet requirement in hospitals around the world is s imminent during this covid 19 period as more n more patients are infected. If yocb is able to secure multiple contracts for supplying them, then hosai lo.
anyone using YOCB product here? Novelle? Do you like it? is Bed lining product business attractive for long term growth, considering its major market share is in Malaysia?
Unchanging 3% dividend makes this counter unattractive. The conservative management need to be more generous than hoarding ever-increasing cash like Insas.
Cash reserve building up fast and valuation looks attractive from PE(less than 7) and PB(less than 0.7) perspective. That is because it has been a low growth company, management seems highly conservative resulting in low PE all this while. Stable dividend(4 to 5% pa) but not much capital appreciation unless market willing to expand its PE to double digit on better prospect ahead where FY21 likely to achieve record profit.
@focusinvesting, thanks for working out some value estimates. If you take the latest 9 months results to rework the estimates, it will be higher than the Rm1.87 fair value in your estimate. Anyway, I would say this is a safe bet at current price of around Rm1.1. Don't take my words because I have vested interest :)
Hey Multibagger, thanks for pointing it out. Yes, I was aware if I took the latest results, the fair value would be even higher. Just means that the current value is a good discount. Same here thou, I've bought into the company too :)
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Posted by Luckup > 2020-11-20 07:21 | Report Abuse
Yocb has enhanced it's marketing strategy within these few yrs n is now aggressively promoting it's sell thru online web like Lazada n shoppe during covid period . Encouraging result being seen