it will fly higher and higher, in view of RM weakness to RM4.35 now. Remember a 10sen weakness in RM vs USD equal to 6% increase in profit.
Imagine a flat revenue and RM has been dropping from RM3.50 to RM4.35 today. we have total of 85sen extra earning. Equivalent to 50% extra in profit. The share price should surge to RM1.50 by year end.
Furthermore, the revenue should grow as ppl tends to change furniture before Christmas and CNY. Coming quarter earning result should be flying colors. Buy now before too late.....
Furthermore, Homeriz is net cash company, without any USD debt like Hevea. It just acquired Embrace for their balance 35% share, which will boost Homeriz earning. It acquired a land for expansion, mean the current production is fully utilize and need more space. The revenue will grow further with the new production space available in the future.
In long run, this is hidden gem that going to shine soon. it is just started to pick up.....
and if you add in additional profit contributed from Embrace due to acquisition of 35% share....this will boost the earning and lower the PE too....also the expansion plan.....
it just started today, where got too late ? Ride on the export oriented counter now to benefit from RM4.30 vs USD weakness. When RM dropped from RM3.20 to RM3.50, all export oriented counter price went up double. Now is opportunity to ride on the wave RM3.50 to RM4.30 ....
Ringgit already passed from RM3.5 to RM4.3 but it is not reflected in the earning report yet. Q3 report is not out yet. So it will reflect in the Q3 report with flying colors earning.
Yep Homeritz is a huge laggard, Hevea alrdy hit new high of 1.20 recenty intra day while Homeritz is still 12-13% below last high. Should go back to last high at least la..earning potential will be explosive as Homeritz has more exposure to USD in profits.
I might just keep until RM1.20...see tomrrow action how kekeke
Homeriz-wa is severely undervalued and this is why investors is chasing for WA now. Company purchased a land for which is nearby the existing production factory, clearly this land is meant for production expansion. So to look at reason production expansion is either more orders coming in and current capacity cannot cope or new contracts expected to receive and they need more production space.
in long run, warrant is good investment tools as in view of the future company expansion plan and business growing trend. Assuming share price to hit RM1.60 in Year2016, the warrant price should stand at ~RM1.00, which offers another 100% growth for investors.
I believe by 2016, the share price will hit RM1.50 and above, if RM weakness maintain as is or worsen. If company announce building factory on the acquired land, the share price will shoot up to RM2.00, as investor will factor in the additional revenue and profit coming.
Homeriz is not a property company, they will not buy land and keep. I believe some plan is going on at the back, pending announcement only.
So, ride together with Homeriz........while the price still low. You will achieve 100% profit by FY2016.
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....
eftee
1,210 posts
Posted by eftee > 2015-08-24 15:56 | Report Abuse
even cheaper tmrow?