Poh Huat just released the annual report. No changes in the financials per announced earlier. However, when I check the Top 30 shareholdings list, then Pangolin Asia Fund increased its shareholding from 4.96% to 6% and become a substantial shareholder. Most interesting, EPF also increased its stake from 0.92% to 2.4%. Wah.....I also noticed Cool Eye (Foong Siling) also started buying Poh Huat and is holding 1.7 mil shares. No wonder price never drop despite all the negative sentiments around the corner, i.e increasing interest rates environment and the war ! He must be collecting slowly. Fundamentally, Poh Huat fundamental did not change much, and they managed to ride through the COVID crisis (I assume no more deteriorate in term of COVID sentiments). It is not fair to use the FY2021 data to judge the company future, due to the "one off" COVID impact. So, I ignore the latest EPS of 22sen, instead, I use FY2020 EPS of 22sen (which is dam conservative), the PE only 6.4x which is deemed undervalued. Net asset is RM1.70 with ROE if more than 12% (FY2020) and yield of 6.4% (assume to pay 9 sen in FY2022). All these indicators are pointing a good parameter for Cool Eye to enter into the stock. (Based on his latest book written by him). I am back after digesting the latest update.....see you in the forum again.
Coming quarter will be good due to the strengthening USD + the easing of the freight charges. Both LiHen and Pohuat will report skyrocking results soon. I was told they managed to increase the ASP and pass all the raw material cost increases to customers.
no need to call lah. they tell you the "good news" only. their 2q could be good which i agreed. but moving forward, they will cry for business , no need workers anymore. if u were the US consumer, will u buy furniture now ? or u prefer to wait and see later ? inflation in US has gone so high, they will keep cash for daily use first.
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....