I think the prospect is excellent but must be patient. The price is low now due to the poor quarterly result released on 28/6/2013. I am not perturbed by this as Pohuat nearly always have a bad 2nd quarter due to CNY, Raya etc. Check out past years 2nd quarter and you will see that I am right. I am awaiting the next quarter's result (31/7/2013) at end September. I think the impact of the depreciating RM will only be seen in the 4th quarter's result due end of the year. This one should be spectacular. I do not think investors like Lim Pei Tiam would make a mistake in buying into a dud. Similarly I do not believe the Dutch company would make such a mistake. My own TP is just a modest 84 sens.
Too bad furniture stocks are Sector Negative in many institutions and fund. Commercial banks are wary about the books as well after so many go-bust cases in Muar. These are the possible reasons to the low PE and huge discount to NTA of these stocks. Even high dividend payouts cannot swing the appetite of institutions and fund. Be prepared to be a very longterm investor in furniture counters
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....
hyzam1212
133 posts
Posted by hyzam1212 > 2013-01-02 16:14 | Report Abuse
come on la support this counter...sideways since last week, nevertheless support is good