Posted by tim09 > 2015-07-30 17:54 | Report Abuse

Yes very nice 3rd qtr results, the 1.5sen dividend is a surprise indeed, tomorrow is going to be a good day for homer.

Posted by Johnnys > 2015-07-30 18:02 | Report Abuse

wow got div, good

Posted by ChartMaster > 2015-07-30 18:03 | Report Abuse

VERY GOOD RESULT 50% increase in profit
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4815593

Posted by ChartMaster > 2015-07-30 18:03 | Report Abuse

I think Q3 will be even better cos of the riggit depreciation.

Posted by ChartMaster > 2015-07-30 18:04 | Report Abuse

tomorrow all wood export related stock will move up up up!!!!

Posted by NoEyeSeelo > 2015-07-30 18:05 | Report Abuse

Syok nyaaaa... But what is the target price for tomorrow ?

Posted by SP0094701 > 2015-07-30 18:09 | Report Abuse

1.40 loh haha

Posted by SP0094701 > 2015-07-30 18:11 | Report Abuse

I think all up trend from now so next q is final doviden should be more so all hold it tight and let the share prise fly like rocket ....

Posted by FullTime > 2015-07-30 18:32 | Report Abuse

Super !!!!!!

Posted by hissyu2 > 2015-07-30 18:38 | Report Abuse

the announced dividend is 50% more than previous years... same like the nett profit... this company worth ar...

Posted by BABIHUTAN8 > 2015-07-30 19:11 | Report Abuse

Will fly tml..

Posted by Kenneth90 > 2015-07-30 20:45 | Report Abuse

Hi all, I have a question regarding this quarter result. Since USD is stronger why this quarter result is worse than Q2? Is that due to the cost using USD or lower sales volume or just a seasonal problem?Please advice me.thank you.

Posted by hissyu2 > 2015-07-30 21:03 | Report Abuse

i am not sure if it is fair to compare with last quarter as we have christmas,newyear and cny who could boost up the sales... however, the operating expense s higher for Q3 which lowers the profit also

Posted by Kino Kow > 2015-07-30 21:09 | Report Abuse

来。。。。冲上云霄吧：）

Posted by JC77 > 2015-07-30 21:28 | Report Abuse

Wish good Iah tomorrow..

Posted by Gabriel Khoo > 2015-07-30 22:13 | Report Abuse

Lower was due to high tax

Posted by hellokittybutton > 2015-07-30 22:17 | Report Abuse

Stupid counter. Profit low could be director increase their pay , use a lot of expense for personal use

Posted by hissyu2 > 2015-07-30 22:51 | Report Abuse

anyone knows why tax payable could be double for q2 vs q3?

Posted by SP0094701 > 2015-07-30 23:14 | Report Abuse

Haha good counter always provide good dividen .....

Posted by BeyonDreaM > 2015-07-30 23:41 | Report Abuse

mayb due to GST

Posted by gungho92 > 2015-07-31 00:43 | Report Abuse

Wow. Dividend lagi. So happy

Posted by dalpinia > 2015-07-31 08:44 | Report Abuse

Higher Profit Higher Gov Tax....

Posted by dalpinia > 2015-07-31 08:44 | Report Abuse

u can imagine how much SME contributed to Gov....but what has Gov appreciate SME???

Posted by hissyu2 > 2015-07-31 09:24 | Report Abuse

no momentum...

Posted by SP0094701 > 2015-07-31 09:36 | Report Abuse

Slow slow movement .

Posted by ccp78789 > 2015-07-31 10:08 | Report Abuse

good news also cant up.sigh

Posted by bull8888 > 2015-07-31 10:13 | Report Abuse

TGIF

Posted by Tey Tian Foo > 2015-07-31 10:24 | Report Abuse

Tax paid about Quarter from total profit, unless you have capital investment allowance like Hevea at over RM200 Millions.

Posted by DoreenCheeLing > 2015-07-31 10:51 | Report Abuse

Simple herding logic. Speculators thought the can make a quick buck from the good news by rushing in to buy early. Because everyone expect it to go up. But when the price no longer continue upwards, they get panic and cut loss. This happens everywhere. If u dont understand it by now. Its better to stay clear from the stock market.every individuals objective is different.

Posted by traderman > 2015-07-31 11:10 | Report Abuse

for people that wonder why homeritz cant up even with this good result ... this is because the play already started few months ago when USD start to stronger against ringgit, that time homeritz is below 1 ... the result is expected. nothing surprise ... buy on rumor sell on news always right in stock market ...

Posted by BABIHUTAN8 > 2015-07-31 11:10 | Report Abuse

Results
Homeritz’s 9MFY15 revenue of RM108.31 (+15% yoy) translated into PATAMI of RM16.91 and accounted for 65% of our full year estimation (versus average of 63% of full year earnings).

Deviations
We deem the earnings in line with our expectations as historically, 3Q represents on average 21% of full year earnings (versus 24% of our full year estimation for the current quarter).

Dividends
A first interim single tier tax-exempt dividend of 1.5 sen was declared in 3Q (FY14: 1 sen).

Highlights
9MFY08/15 review… The group achieved revenue of RM108.31m, an increase of 15% yoy, mainly due to growth in volume of sales and stronger US$. Its PATAMI improved 12% yoy, from RM15.06 in 9MFY14 to RM16.91 in 9MFY15, despite the absence of its pioneer status tax incentive.
3QFY15 review… Revenue increased 25% yoy. PBT was up 53% yoy to RM9.07 in 3QFY15, from RM5.94 in 3QFY14. The improved performance in 3QFY15 compared to 3QFY4 was attributed to the higher sales volume and strengthening US$.
Stronger USD… Based on our ec onomist’s projection, RM would strengthen to average RM3.60-3.70 against US$ by year end. Sensitivity analysis shows that every RM0.10/US$ appreciation will boost FY16 net profit by about 6%.

Risks
USD weakness against RM; high raw material prices; high labour costs; unexpected economic downturn; and production or operational risks.

Forecasts
Our FY16 net profit forecasts are raised by 6.3% to RM38.06m, to account for higher US$:RM assumption of RM3.60/US$ (vs. RM3.50/US$ previously).

Rating
Maintain BUY, TP: RM1.42 (+26% upside)
Posi tives: 1) the group would benefit from strong US$; (2) its revenue and PATAMI are expected to grow at CAGR of 9% and 23% respectively from FY14 to FYE16; (3) forecasted FY15 net cash per share of 14.7sen; and (4) still attractive FY15E DY of 3.1%, based on 40% payout ratio.

Valuation
We raise our TP from RM1.21 to RM1.42 mainly to reflect: (1) higher US$ assumption of RM3.60/US$ (vs. RM3.50/US$ previously); and (2) higher target P/E of 11x (from 10x previously), given Homeritz’s improving earnings visibility.

Posted by gungho92 > 2015-07-31 12:08 | Report Abuse

Lol... some ppl this this is a "playground"

Posted by SP0094701 > 2015-07-31 15:31 | Report Abuse

Stop goreng liao hope next month goreng up before ex dividen

Posted by madguy > 2015-07-31 16:17 | Report Abuse

i feel like wan to grab homerz..

Posted by SP0094701 > 2015-07-31 18:03 | Report Abuse

Should go up again ...now some of them want to take profit mah

Posted by sokowanda > 2015-08-01 11:28 | Report Abuse

New TP by HLG 1.4X

Posted by alphajack > 2015-08-01 15:53 | Report Abuse

when the report was issued out with TP 1.4..ringgit/USD was 3.8...now 3.85..My prediction is will be as bad as 4.0 in September when the Feds raise interest rate..so that's 20c higher and net profit can 12% more. But report only assume 3.6 ringgit/USD- not sure that is assumption for next 2 quarters or average for the whole year. If average for the year then sure, Homeritz only deserves TP 1.40-1.50 by year end..if not..it well deserves RM1.70.-180 and I can see them doing another bonus issue and share split to goreng more by year end. Simply stated, this counter has another 30-40% upside before year end. Why wanna chase other risky counters that may face huge selldown after Federal Reserve hike when this is so safe. Look at the shareholder analysis. ALMOST NO FOREIGN SHAREHOLDErS!! So the risk of a selldown is super low..And local funds and HNW clients will only chase more and more as USD appreciates so when Malaysian economy and political crisis gets worse, Homeritz actually benefits more! This is simply one of the counters to go in now given the forward PE is 10x...so cheap. Look at SKP resources, goreng like hell after they won dyson contract and when ringgit plunge from 3.7-3.85 now...Homertiz didnt get goreng as much because it is much smaller and did not win a guaranteed contract..But all it has to do is maintain current performance the the USD strength will already make its margins stronger. BUY BUY BUY TP next 7-8 weeks = RM1.40 HUAT AHHHHHHHHHHHHHHHHHHHH

Posted by ahbeng77 > 2015-08-03 09:14 | Report Abuse

agreed. As long as USD/MYR remains above 3.80 it would be a bright future cum extra bonus for this counter!

Posted by hissyu2 > 2015-08-03 10:28 | Report Abuse

not sure why... but given the USD is higher for the last 3 months... the company's earning is lesser which is concerning...

Posted by thekingfish > 2015-08-03 10:59 | Report Abuse

Aiyah, everyone was hoping to make a quick profit when the results came out so they queued to sell. Earnings were amazing and investors will be jumping in to pick up the dividend soon. At the current price, it is very cheap.

Posted by alphajack > 2015-08-03 11:24 | Report Abuse

BUY la what are u all waiting this morning I boguth another 200k to enjoy the good dividends coming. 50% increase in dividend apa lagi lu mau?
DAMN GOOD STOCK AIM RM1.30 within 3 months + dividend 1.5cents/share HUAT ARRRRRRRRRRRRRRRRR

Posted by blackdove > 2015-08-03 13:45 | Report Abuse

My personal opinion, may be wrong :
Yes.....the shares issued are no longer 200,000,000 but 300,000,000. The latest quarter result still using 200,000,000 to calculate the EPS. I believe by that month when month end closing the shares issued still 200,000,000.

Posted by blackdove > 2015-08-03 13:47 | Report Abuse

opp....sorry, the above should post to Hevea forum although I was talking about HOMERITZ.....

Posted by cbtinvest > 2015-08-03 14:47 | Report Abuse

Write a comment..blackdove means the result is diluted or hvt?

Posted by alphajack > 2015-08-03 17:02 | Report Abuse

lol newbie la u blackdove that also dunno. Anyways ringgit/USD is 3.855 now. Hopefully 3.86 by end of this week and 3.9 by end of this month as it approaches Sep for the US Rate Hiking. Accumulate now, tq. Safest counter now (almost no foreign shareholders), beneficiary of stronger USD. 20-30% upside within one Q..mark my words

Posted by lcube > 2015-08-03 17:16 | Report Abuse

During 2nd quarter usd/myr mostly in the 3.6-3.7 range.Now for 4th quarter is 3.7-3.8 range.Fingers crossed =)

Posted by hissyu2 > 2015-08-03 17:24 | Report Abuse

Icube, compared to 1st quarter, 2nd quarter currency rate is still higher... But, the company is still earning lesser...which might indicate a problem...

Posted by blackdove > 2015-08-03 17:33 | Report Abuse

cbtinvest , the Q3-15 result is not diluted yet

Posted by hissyu2 > 2015-08-03 18:37 | Report Abuse

the net profit was lower for q2 and share is not diluted yet for Q2... so, the EPS is around 2++ if we factor in diluted shares~~ my point to this counter: still earning, but not as good as expected... generally, it is stille earning $$~~ but internally any problem caused lower profit = unknown.

Posted by SP0094701 > 2015-08-03 23:00 | Report Abuse

如果怕就不要买进。。。买别了。。。