I agreed with lcng123 too. In the AGM, the director also explained that the Australia warehouse is a core business in the future. He did not explain further, but I believe they are planning something to grow in Australia. Poh Huat management is very far sighted. they will keep expand and adjust themselves to the market trend. (Compare to Lii Hen where they are more prudence" ). I believe Poh Huat is a growing company regardless the economic trend. I also believe Poh Huat Board will declare higher dividend in the future given they are quite accept Pangolin advice and there are more and more institutions in the list now. Oh....1 more thing I want to highlight in the AGM. 1 representative from MSWG also attended the AGM. This also show that there are investors start looking at this counter. The Chairman also read out MSWG questions and their reply too. Anyway, I can't remember what questions as they are not really relevant to me.
1. Many USA companies are going to Vietnam and source for furniture due to high tariff on China furniture exports Just Jan to March 2019 alone Vietnam has sold more in 3 months of 2019 than full year of 2018
2. Pohuat operations in Vietnam has grown bigger than in Malaysia over the years
3. In Malaysia the furniture made by Pohuat is lower end and by less skilled workers. In Vietnam Pohuat has twin favourable edge
A. Lower cost of labour but highly skilled Viet workers. Remember Vietnamese even beaten the US army during Vietnam War? And no labour constrain like in Malaysia as Vietnam got surplus labour
B. Pohuat manufactures higher end furniture for export mainly to the USA. Trade war will boost Pohuat Vietnam profits immensely
4. With weakening ringgit and Viet doing against USD profits will explode upward
5. All the positive converging factors will make Pohuat a powerful earning stock
Is pohuat changing quarterly report date? Last line in the announcement says quarterly result ended 31 March "In compliance with Paragraph 14.08 of Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Poh Huat wishes to announce that the following Directors and/or Principal Officers of the Company had on 27 May 2019 served notification of their intention to deal in securities of the Company during the closed period for the Company's upcoming announcement of second quarterly results ended 31 March 2019."
They have changed secretary recently. Should be the typo mistake. They just 'copy' n 'paste'. This is the amended announcement, due to mistake in principal officer shareholding in the original announcement
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cherry88
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Posted by cherry88 > 2019-05-03 09:17 | Report Abuse
I agreed with lcng123 too. In the AGM, the director also explained that the Australia warehouse is a core business in the future. He did not explain further, but I believe they are planning something to grow in Australia. Poh Huat management is very far sighted. they will keep expand and adjust themselves to the market trend. (Compare to Lii Hen where they are more prudence" ). I believe Poh Huat is a growing company regardless the economic trend. I also believe Poh Huat Board will declare higher dividend in the future given they are quite accept Pangolin advice and there are more and more institutions in the list now.
Oh....1 more thing I want to highlight in the AGM. 1 representative from MSWG also attended the AGM. This also show that there are investors start looking at this counter. The Chairman also read out MSWG questions and their reply too. Anyway, I can't remember what questions as they are not really relevant to me.