You're a gentleman, loonginv. I bought Homeriz-wb at 0.22 before the earnings release, I trust in the fundamentals of Homeriz and of course hopeful of recovery too.
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).
Latest quater earning 2.69sen with increase revenue show the worst is over after 2years of stagnant earning. Now onward Homerize share price will keep going up up up and away togeather with dividend. Hurray Hurray cheer cheer.
The Group are operating in global economic uncertainties as well as facing increases in their production costs and fluctuation in foreign exchange rates. Given the above scenario, the Group will continue to remain focused in their core business of design, manufacture, and sale of upholstered home furniture which includes upholstered sofas, upholstered dining chairs and upholstered bed frames. The Group are continuing with concerted efforts to develop new products, new design for existing products, derive better cost efficiencies and effective cost management across all functions. The Board believes that the Group’s prospects for the financial year ending 31 August 2020 would remain profitable.
1 Chua Fen Fatt 103,859,701 34.617 2 Tee Hwee Ing 65,600,000 21.865 3 Tee Hui Chein 9,691,300 3.230 4 Yayasan Guru Tun Hussein Onn 3,535,300 1.178 5 Quek Wee Seng 2,997,000 0.998 6 Mohamed Adlan Bin Ahmad Tajudin 2,580,000 0.859 7 Yayasan Guru Tun Hussein Onn 2,448,500 0.816 8 Yayasan Guru Tun Hussein Onn 2,157,600 0.719 9 RHB Capital Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Fong Siling (CEB) 2,000,000 0.666 10 Sultan Idris Shah 1,667,000 0.555
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....
LiimInvest
2,267 posts
Posted by LiimInvest > 2019-11-09 07:57 | Report Abuse
loonginv@agrreed with u