gungho 92 at time 6.26 pm - "weehehe ~ good news coming :D" at time 7.02 pm - "Not this quarter la. November usd still low. Not so fast yet. Be patient. Collect more tmr.
i dont think people are running .. more like people are accumulating with the poorer result .. as people expecting the next quarter to be decent return ..
I heard the q result coming out soon... as I used to buy this stock, realize everything results out, the price plummet (I duno why)... well some will say I'm making up story, but just easy check onto the price chart and date should show what I'm saying.
I thought Homeritz is supposed to have a good set of results? You know, strong USD, strong exports, strong sales for furnitures, America picking up, eventually strong profits..
Looks like the bandwagon ride on furniture stocks is just a mere hype.
"There are two essential ingredients for profit in a declining market: you have to have a view on intrinsic value, and you have to hold that view strongly enough to be able to hang in and buy even as price declines suggest that you're wrong. Oh yes, there's a third; you have to be right."
- Howard Marks
I fully agree!
However, if you can buy lower why not sell first, with the same amount of money of the sale, you can buy back more units of shares at a lower price!
as investor, the more it drop, the good time to accumulate. It yet to reach my next accumulate time after last bought yesterday. My next accumulate time is if reach 0.83, 0.75, 0.66.
Can anyone answer why there is no research house coverage in this important stocks in i3? I remember some sifus said if a stock show no growth it is no longer consider good.
Now that USD is strong.. very strong..... USD holders especially those in USA will go for higher premium products as they are becoming more and more affordable to them now....
WTF haven't they suffered enough from the frugal lifestyle and austerity for the past few years???!!! Will they still going for these cheap and sub-prime products from EM....?? Of course not.
Sales of exported Malaysian products will drop in the coming days, months and quarters. .... except for Jimmy Choo.
Now that EURO also drop to multi year low vis a vis USD... all will buy continental products instead, for sure.
Malaysia rubberwood furniture can take on the Italian's the European's furniture??
Malaysia products are like Bonia the pretender.... still buy Bonia when you can get a LV... ya... right
SELL SELL SELL your furniture companies shares!!!
Sales of exported Malaysian products will drop in the coming months and quarters .... except for Jimmy Choo
i believe it is fairly priced based on their earnings based on last year dividend. however, to further determine, we need another 2 set of quarter report.
1. manufacturer of upholstered home furniture. 2. about 99.3% of its products are sold overseas@Asia,Australia,Europe & US with recervables mostly in US Dollar. 3. Exposure to the strengthening US dollar. 4. High dividend yield & steady growth.
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....
Vincent Wong
129 posts
Posted by Vincent Wong > 2015-01-29 19:21 | Report Abuse
Haha... I'm one of them