"Housing booms affect the economy in some obvious ways. When home values soar, builders ramp up hiring of construction workers. Real estate agents and mortgage brokers cash in more commission checks. FURNITURE retailers and interior designers see a spike in business."
Homeriz never worry about the demand, they don't worry about the order. According to their boss previously stated, increasing labor cost is the big problem. Thus, when pandemic continue, they had to stop operation for a period but still need to pay workers. Although they mentioned no big effect on future earnings, but still small effect can cause share price drop consistent to their earnings in same ratio. We can sure next QR (July) due to they had to stop operation last few months due to their workers affected, so from now until October, impossible for share price to up. If small area Bakri continue affected by COVID-19, more worse.
IMO Furniture & Electrical/ Electronic industry still uncertain, as the government may u-turn and withdraw them from essential items list due to social media pressure ... Personally I will monitor for 2 more days ...
the current asset or the cash in hand can make them survive many many quarter of no output, just that the profitability is gone temporarily because of covid.
Base on previous trend, I think it is time for price going up soon up to 0.59-0.62, but only last 1-2 days, then this forum will hot again and people start feel optimistic, after 1-2 days, it drop back to around 0.57 again, and this forum silent again. This trend happen many times for 1-3 years.
This QR should be no surprise base on previous price trend. Wait until March better. When FED increase rate + Indian kid forecast + Pandemic, that time should be lowest price, around 0.5, buy at that time
Cost pressure has been mounting especially after Russia started invading Ukraine. Homeriz may not be able to pass down all cost increases to its customers. The next two quarters’ results should be subdued.
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Sweetchocalates
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Posted by Sweetchocalates > 2021-05-18 13:05 | Report Abuse
https://www.bankrate.com/mortgages/housing-boom-what-it-means-for-the-broader-economy/
"Housing booms affect the economy in some obvious ways. When home values soar, builders ramp up hiring of construction workers. Real estate agents and mortgage brokers cash in more commission checks. FURNITURE retailers and interior designers see a spike in business."