From Homeriz Annual Report 2019: Effects on profit after tax USD/RM - strengthened by 5% (2018: 5%) 493,678 637,366 - weakened by 5% (2018: 5%) (493,678) (637,366) EUR/RM - strengthened by 5% (2018: 5%) 1,262 1,785 - weakened by 5% (2018: 5%) (1,262) (1,785)
Check back early 2018(Nov/Dec 2017), Homeriz share price around 0.9x, although USD strengthen only 5%, but Homeriz share price drop from 0.9x to 0.6x, 50% drop
Check back 2018, when QR 26 Apr 2018, during USD strengthen, profit Homeriz drop to EPS1.21, previously all above EPS2. If you further check back, only QR 27 Oct 2016 is EPS below 2, which is 1.53, check again USD/MYR from June/2016 - Oct/2016 Even big shareholder Tee & Chua misjudge the currency issue, end up what happen for their Warrant A? Sell only 0.06-0.09, but FYI, A achieve 0.65 highest and stay 0.2X-0.4X quite a long time
Next week will be best time to buy this counter. Free gift for you. FYI, I held this counter since IPO and quantity of shareholding is within 30 largest shareholders. Who listen to my advice previously, eat lobster. This is my final show up. Let meet again 2024. See Ya
pohuat just declare nice QR.. next month homeritz sure will declare nice QR also.. now i think just retailers don knw bonus issue is what happen.. and panic sell it .. from the volume can know it...
Lii Hen's foreign worker dormitory under EMCO until Jan 5 after seven staff infected
KUALA LUMPUR (Dec 28): A foreign worker dormitory of Lii Hen Industries Bhd in Muar, Johor has been put under Enhanced Movement Control Order (EMCO) after seven of its employees tested positive for Covid-19.
The Johor-based furniture maker is the latest company with reported infections on the factory floor. Apart from the glove manufacturers, those which have detected positive cases recently include Panasonic Manufacturing Malaysia Bhd, Karex Bhd, and ATA IMS Bhd.
Lii Hen said the Ministry of Health (MoH) issued the order after its visit to the company's premises yesterday following the confirmation of positive Covid-19 cases. The EMCO on the specific foreign worker dormitory is in effect for 10 days starting from Dec 27, 2020 until Jan 5, 2021.
"Lii Hen will be seeking clarification from the relevant authorities on implementation of the EMCO," it said in a filing with Bursa Malaysia today.
By virtue of the EMCO, Lii Hen said it has taken an additional step to temporarily suspend its operations of the affected facility until Jan 5, 2021.
"All employees in the affected plant premises are currently placed under quarantine and isolation. As recommended and guided by MoH, we have on an even date conducted Covid-19 full screening of all the remaining workers at the specific foreign workers' dormitory in Bukit Pasir, Muar, Johor," Lii Hen added.
Lii Hen said the first Covid-19 positive case was an employee working for one of its subsidiaries — EF Furniture Sdn Bhd — which was reported on Dec 23 after said employee developed symptoms and underwent a screening test.
Following that, six new cases — foreign workers who were in close contact with the said employee — were further reported to be Covid-19 positive after undergoing screening tests on Dec 26 and 27, 2020.
Despite the suspension of the affected facility, Lii Hen said it will only have a minimal impact on the group's operations and financial performance for the financial year ending Dec 31, 2020.
Other unaffected production facilities in different locations are operating normally, it assured.
"Notwithstanding the above, Lii Hen's operations have adhered to, and will continue to adhere to, Covid-19 preventive SOPs (standard operating procedures) on a stringent basis. Disinfection exercises at all premises and accommodation are also conducted regularly, with all the necessary precautionary measures strictly in place," Lii Hen said.
"The group will embark on screening exercises for its migrant workers according to requirements announced by the government and will monitor the situation closely. Appropriate updates will be furnished in due course as the need arises," it added.
Shares of Lii Hen today fell nine sen to close at RM4.01 with a market capitalisation of RM721.8 million.
All furniture stocks drop, POHUAT even drop more percentage than HOMERIZ with super good QR announced last month. There are 2 issues, first is lockdown in Muar area, most furniture factory affected. Second is USD/MYR drop to 4.0. Before bonus issue, the dealer has caught a lot of novices and it is estimated that they will stay at this price within a year
Not +289, but +792, more than 700 are from Sungai Raya, where LIIHEN & POHUAT located. Good news is, there have been no reported case of COVID-19 within a 1km radius from HOMERIZ factory. Bad News is, it still will cause price of furniture sector down trend. Most likely MCO will be implemented on Muar as well
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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....
panicseller2
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Posted by panicseller2 > 2020-12-19 11:12 | Report Abuse
Homeriz Liihen
8-Dec-20 4.0715 0.818 4.18
9-Dec-20 4.0705 0.864 4.14
10-Dec-20 4.0673 0.848 4.09
11-Dec-20 4.0545 0.824 4.09
14-Dec-20 4.05 0.725 3.95
15-Dec-20 4.0575 0.705 3.91
16-Dec-20 4.0495 0.715 3.99
17-Dec-20 4.0505 0.665 3.92
18-Dec-20 4.0375 0.665 3.93
Check Dollar Index, Break Below 90!!!
23/1/2018 Dollar Index Break Below 90, Homeriz downtrend from 0.65 to 0.55 within 2 weeks, it continue drop, after 2 months, it reach below 0.48
Will this time happen again? + High probability election next year