@DestinyL regardless, khind's improved revenue and EPS is also due to their new online marketing strategy. most importantly, it persisted for multiple QRs and seems to be able to maintain in short or longer future.
@DestinyL, can you elaborate on your comment "Management seems not interested to maintain good CG"?
@Jeffyap, how did you arrive at the conclusion that "pocket 70% money into the director pocket"?
Based on the latest Annual Report of 2020, Note 36 (page 134) on Related Parties Disclosures, the Group level directors' total benefits are RM4.796m in FY2020. The breakdown at company level is provided in Note 14 (page 44).
Set against 2020 annual profit after tax of RM28.452m, the FY2020 total directors' benefits to PAT is 16.7%.
Of course the ratio was high during earlier years when the company barely broke even. But can't ask them to forego salaries. RM4m+ a year doesn't seem excessive as compared to other listed companies.
Been a while holding and adding this counter and not looking at i3 Regardless CG good or bad, yeah like SincereStock said the sell button is waiting for us to press lol Other factors are also important other than director fees Not unlike Genting LKT taking a big chunk of director fees even during loss FY, which I hold as well
Selling continues..... Milux 65 to RM1.05 Fiamma 65 to 95sens Amazing.... Khind and Pensonic refuse to move up...both trading at a low PE.. Both with cash piling up... Both tightly held Both paying dividends....
@DestinyL General Offer is the best thing investors can get out of a undervalue counter, I don't see any negative in that. The market didn't value the company rightfully. That's given us chance to enter at undervalue price. And if there is MGO significantly higher than current price, even if lower than actual fair value, it will be a double win situation for us the investor. So far I only got chance to taste this beautiful thing in bursa with MMCCORP
Everynow and than we had been talking about Khind merit points but it seem investors are so blindly goreng penny stock till got burnt .with such a small paid up around 42 millions ,if they wanted to push up anytime can reach rm4.50
One year khind will only push once or twice...@ 63sens earning per share...khind's share price is totally a dissapointment.... Not sure why.....khind's cash pile...increasing.. Waiting for a good dividend announcementt.......next month..
August 30, 2021 • no comments 2021-08-30 : THE MOST UNDERVALUED CONSUMER GEM IN THE HISTORY OF BURSA MALAYSIA, KHIND ShareTweetPinMail This stock started to perform very well since the 2nd quarter of 2020 when it changed its marketing strategy to take advantage of the e-commerce boom. But last Friday, it reported its 2Q21 results which nearly made me fall off my chair.
The company is Khind Holdings.
Everyone knows what Khind is. It is a manufacturer of electrical and household appliances.
In 2Q20, Khind started to see their change in strategy bearing fruits. Here is a screenshot of what they said in their prospects section of their quarterly results report:4b7590db-3e22-47a2-bdae-19ab66a6cafd
In that quarter, they reported an EPS of 10.2sen! In the next quarter, Khind reported an EPS of 14.5sen and in 4Q20, they reported an EPS of 15.8sen and declared a dividend of 10sen! The share price shot up to RM4.30 when this happened. Last Friday, Khind reported a mind-blowing EPS of 20.8sen, the highest in their history. Obviously their e-commerce marketing strategy has started to generate very handsome returns since they do not go through the middleman but instead sell directly to consumers. Also, there was only one major e-commerce sales event per year previously and that is 11.11. For the past year, you can see that it has become 12 major sales events on e-commerce sites and that is 1.1, 2.2, 3.3 and so on. This has definitely benefited Khind in a very big way. Here is a screenshot of Khind’s historical performance:6b39b34d-32a4-4d9b-acf0-5f1e5aa11b5e
How to value Khind?
It is very simple. The closest comparable is Panasonic Malaysia. Panasonic Malaysia trades at a PE ratio of 14x. If we were to annualise Khind’s latest quarter’s EPS of 20.8sen, their annual EPS would be 83.2sen. At 14x PE, Khind would be valued at RM11.65! Let’s forget about 14x and just use 10x. It will still be worth RM8.32 at 10x PE.
Khind also gives handsome dividends and at the level of profits they are earning now, they should have no problem giving 15-20sen dividend this year. At a share price of RM3.60 now, Khind is the most undervalued consumer gem we have ever seen in our lives. It is a matter of time before the the share price reflects the fundamentals of the company
When this article was written on the 30th of August 2021.....khind was RM3.00....by the 7th of Sept khind had jumped to RM5.00....but since then share price has fallen for 7months... During which Khind has reported another 2 quarters of amazing profits... 3rd qtr 2021 - 6.26 million 4th qtr 2021 - 6.22 million
I think the next time it shoots up... Khinds stronger fundamentals/ improved cash flow will support prices higher.... How long can u keep a good stock....cheap
Hopefully good upcoming quarterly result, declaration of bonus issues and good dividend will unlock the value of khind to be reflected in its share price. Due to its low share volumes, limit up is possible with these catalysts.
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....