In short....these 2 para explain everything...it is 1 off....should be ok.....7sen dividend is at the lower end...but they have also declared additional 1 sen which is not include in the 7 sen. (The 1 sen is for year 2020)....so, we still get 8 sen in total lah....at least same level with previous few years...this is only the comfort I can get.
"In Vietnam, gross profit was lower marginally at RM16.09 million as compared to RM17.25 million previously due mainly to the higher depreciation charges against a lower raw material cost. In line with lower gross profit, profit before tax was lower at RM9.43million compared to RM11.60 million in the previous corresponding reporting period ended 31 October 2018. The lower profit before tax was mainly due to the increase in marketing expenses of about RM1.03 million and the increase in administrative expenses of RM0.84 million."
"During the current financial year, we recorded a significantly lower net other income of RM1.41 million compared to RM8.52 million in the previous financial year. The higher other income in the previous financial year comprised mainly the recovery of RM4.50 million previously impaired for the disposal of our former subsidiary, Poh Huat Furniture Industries (Qingdao) Co Ltd in 2011 and insurance compensation of RM4.28 million received for the fire at one of the factories in Malaysia. Meanwhile, the de-registration and the ceasing of the Company’s 51% owned Poh Huat International Furniture S.A (Proprietary) Limited mentioned in Note A10 above, has also resulted an one-off realisation of forex translation loss of RM0.92 million during the current financial year."
Quite a good quarter as it is seasonal busy quarter with much better QOQ revenue & net profit. Low PE & continue to be a cash cow on giving dividend constantly
2017 was peak earnings...this year earnings is 10% less from peak..2017 shareprice peaked at rm 1.80-2... so by right this year shd be 163 to 180 or so. company net cash per share is 50 sen.
The quarterly result is about the same as previous year if excluded the one-off other income of impairment recovery and insurance compensation (RM4.5mil + RM4.28mil = RM8.78mil)
lol, @cherry88, before that you said warrants should be discounted and not worth to buy. But now start unloading, isnt that contradicts with what you "recommend" before, haha
It is super low for mother share. Agree. NTA also RM1.63. And most important, it sits on net cash (less bank loan) of RM0.54/share. Will buy mother to get dividend
Actually The quarterly result is about the same as previous year if excluded the one-off ( other income ) of impairment recovery and insurance compensation (RM4.5mil + RM4.28mil = RM8.78mil). FYI. The revenue is increasing
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....
lloydlim
3,972 posts
Posted by lloydlim > 2019-12-31 10:14 | Report Abuse
Look at the positive side guys