Just because the RM get stronger for awhile that we have opportunity to accumulate at low. Just temporary weaknesses is also provide good opportunity. Of course the contra player will think different...
If the news of government has abandoned the recent foreign labour duty hike proposal if trus, it will be a positive factor to Homeritz.. Still q to accumulate lower at .88
Lets talk fact and figure instead of speculation and trading. Net profit margin more than 10% since listing. Growing at CAGR of around 5% in revenue. Positive Cash flow since listing. Constant dividend payment. RM 52million cash pile sitting in bank, with only RM 21million of total liabilities. Just cash alone will be around 10sen per share. Bear in mind we still haven't increase PPE and inventories. Based on the financial statement issue, constantly hedging against currency risk.
Hence, what to die? Even the company liquidate tomorrow based on current price I still can get back at least 15 to 20sen per share.
This is a slow counter without much excitement. People without patient will sell. I am confidence to issue BUY call after review their financial report since listing.
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....
Lamborghini
350 posts
Posted by Lamborghini > 2016-03-09 22:21 | Report Abuse
Hng you are doing well in trading market I feel to invite you to group chat do you mine to gv me your wechat id? Hehe