Posted by sohaitrader > 2019-10-29 18:13 | Report Abuse

tmr shark sure Press down in morning and collect cheap ... dont forget Spring Arts will be listed on 8 th november .. that time All furniture will move .. so shark sure take chance press down Homeriz ... and Homeriz wB ,.... those contra kaki tmr sure cutloss gaolak and let Shark collect at cheap

Posted by ramada > 2019-10-29 18:19 | Report Abuse

Homeriz may drop few sen. Just few sen, can't gap down.

Posted by LiimInvest > 2019-10-29 18:47 | Report Abuse

Next QR onwards may be good

Posted by LiimInvest > 2019-10-29 18:57 | Report Abuse

Actually most are their production lines were fully run (max capacity) started from Aug & onwards including Poh Huat & Liihen. A lot of new PO coming.

Posted by 张晋荣 > 2019-10-29 19:03 | Report Abuse

Wont drop tomoro la... The YoY is better as compare last year and its balance sheet show better cash management with extra 20mil at bank balance and lower trade payable. The company has good cash management as far as i could see. Plus with extra 1 cent dividen declared.

Posted by boldrun88 > 2019-10-29 19:18 | Report Abuse

Will move up .

Posted by sohaitrader > 2019-10-29 19:31 | Report Abuse

tomorrow sure drop .. cos today sure got ppl chase in .. let d shark wash out weak holder 1st .. it will be Bonus if still Up tmr .. haha

Posted by MK76 > 2019-10-29 20:13 | Report Abuse

Haha. Good to drop and can buy more. Look like higher div this year right? Sedap

Posted by coolio > 2019-10-29 20:33 | Report Abuse

Cash flow increasing. Excellent!!

Posted by MK76 > 2019-10-29 21:55 | Report Abuse

Thx coolio & liminvest!!! No wonder give higher div compare to last year. Huat!!!

Posted by akupolitikkk > 2019-10-29 22:00 | Report Abuse

Revenue is dropping

Posted by apolloang > 2019-10-29 22:59 | Report Abuse

apa ini profit down 40%,dividend reduce,share lagi up? should be 60cts not 75cts

Posted by newbie911 > 2019-10-29 23:02 | Report Abuse

Cut loss?

Posted by apolloang > 2019-10-29 23:08 | Report Abuse

mana ada loss now trading at the highest,not worth this much can up so much

Posted by LiimInvest > 2019-10-29 23:38 | Report Abuse

BUT Total net profit not dropped. Next QR sure good

Posted by latuk > 2019-10-30 06:51 | Report Abuse

Why talk about next quarter. Many people are happy with this quarter result. No complaint.

Posted by latuk > 2019-10-30 07:14 | Report Abuse

Profit up and down common lah. Important still making profit. Not to worry.

Posted by stock_investor > 2019-10-30 07:16 | Report Abuse

Tmr sure drop but wont limit down. Still can run as long as did not chase in yesterday. Earned profit reduce onli.

Posted by ruby20 > 2019-10-30 08:32 | Report Abuse

Homeritz unfortunately posted not a very good quarter. At RM 4.46m net profit, it's worse QoQ and YoY. FY 2019 profit however, is better than FY 2018, albeit decreasing revenue. Main reason on decrease in revenue is lower of volume being sold this quarter.

It also announce a final dividend for the year of 1 cent, dishing out total of 3 cents for FY 2019, this is higher than 2.5 cents given in FY 2018. Cash balance is also healthy, higher at RM 82m, or 36% of market cap.

To put everything into perspective, Homeritz is currently trading at 10.2x PE for FY 2019, but since cash is pretty significant, its trading at 6.5x ex cash PE. One of the lowest in the sector together with Pohuat.

It's also paying more dividend than last year (although less than glory years of 2015-2017). Div yield is currently at 4%. It's profit margin is still strong in the double digit, not many counters can boast on that.

Unfortunately revenue has been decreasing and it's a concern. However, recent news that they've got new orders from the US could be a crucial catalyst for its future performance.

I expect a drop on opening today, weak holders will be selling after seeing the down red arrows but those in the know of company's future direction on revenue will be waiting to collect. Dont panic sell, fundamental is still solid and remember, Spring ART Holdings successfully going IPO shortly with PE of 13.5x.

Posted by MK76 > 2019-10-30 08:38 | Report Abuse

Pro analysis, ruby20. Thx so much!!!

Posted by solid > 2019-10-30 08:39 | Report Abuse

....homeritz future earnings still awesome :)

Posted by MK76 > 2019-10-30 08:39 | Report Abuse

Ruby20, what good price to collect?

Posted by 张晋荣 > 2019-10-30 08:55 | Report Abuse

As i told today will spike even higher with better QR report. Jz watch closely...

Posted by ruby20 > 2019-10-30 08:59 |

Post removed.Why?

Posted by MK76 > 2019-10-30 09:01 | Report Abuse

Ok ruby20. I wait below 70 cents. Thx so much. Good leh ada sifu to follow.

Posted by sohaitrader > 2019-10-30 09:02 | Report Abuse

buy buy buy back !

Posted by hng33 > 2019-10-30 09:04 | Report Abuse

sold back at 69-70sen

Posted by latuk > 2019-10-30 09:05 | Report Abuse

Very soon, the panic sellers will regret.

Posted by sohaitrader > 2019-10-30 09:05 | Report Abuse

hurray all in Homeriz !

Posted by MK76 > 2019-10-30 09:07 | Report Abuse

Ok, I buy 0.69 d. Avg up. Thx ruby20

Posted by sohaitrader > 2019-10-30 09:12 | Report Abuse

yaya who sold in d early morning sure regret ... haha

Posted by sohaitrader > 2019-10-30 09:14 | Report Abuse

next week sure fly with Spring arts ! all Muar furniture Counter Goreng goreng Up ..

Posted by MK76 > 2019-10-30 09:14 | Report Abuse

Walao, coming back ooh. Hehe

Posted by ruby20 > 2019-10-30 09:18 | Report Abuse

HLIB up their TP from 71c to 75c

They also say this:

Volume decline remains a concern. While volume decline in FY19 remains a concern for the group, we note their revenue streams remain geographically diversified as Homeritz supplies to close to 40 different countries. Furthermore, Homeritz shared that they are benefitting from increased sales to the US, which they will continue to try to grow via trade fares. Homeritz has room for increased order volumes, as they are operating at just 70% capacity currently.

Large cash pile. As of end-Aug, Homeritz had net cash and net cash per share of RM81.7m and 27.2 sen. We believe the group will continue to utilise the cash pile for future vertical expansion (both up or down the production chain). Over the years the group has gone up the production chain, to produce smaller parts for its goods (i.e. steel and wooden legs for chairs and tables).

Posted by MK76 > 2019-10-30 09:29 | Report Abuse

Ruby20, where to findthe these info?

Posted by diqiuhao > 2019-10-30 09:37 | Report Abuse

wow....0.67 now

Posted by lextcs > 2019-10-30 09:38 | Report Abuse

u know what is pump and dump?

Posted by diqiuhao > 2019-10-30 09:45 | Report Abuse

pump and dump always happen on penny stock..

Posted by birkincollector > 2019-10-30 09:48 | Report Abuse

wow

Posted by hng33 > 2019-10-30 10:01 | Report Abuse

bought back homeritz at 68sen

Posted by MK76 > 2019-10-30 10:06 | Report Abuse

Wlcm bk hng33.

Posted by akupolitikkk > 2019-10-30 10:17 | Report Abuse

I tot they got new customer from US but jialat result

Posted by angkokann > 2019-10-30 10:20 | Report Abuse

will buy if drop to 60

Posted by shpg22 > 2019-10-30 10:23 | Report Abuse

Downgrade immediately to 0.52 @ P/B of 1.0x. BUY LIIHEN or POHUAT for better exposure to furniture industry.

Posted by hng33 > 2019-10-30 10:58 | Report Abuse

US is new market for Homeritz. Although already recently secure 8 new customer from US, the order need TIME to fulfill and deliver to US customer before PROFIT can record in. Expect US order profit should be able to record in next Q result.

Posted by MK76 > 2019-10-30 11:12 | Report Abuse

Ok. ads chance history of 2014 repeat? Oct 2014 QR drop, share price drop and then fly terus. Any sifu here can comment?

Posted by paperplane > 2019-10-30 11:13 | Report Abuse

wakai

Posted by MK76 > 2019-10-30 11:15 | Report Abuse

Wakai?

Posted by latuk > 2019-10-30 11:15 | Report Abuse

Should be able to secure more orders in 2021 and 2022. Have to wait.

Posted by apolloang > 2019-10-30 11:24 | Report Abuse

on sept 5 2019,that time results no out yet only 60cts,now results bad still 0.675.....better don't buy