Posted by lloydlim > 2014-06-10 21:44 | Report Abuse

Uptrend wave is back!

Posted by CCCL > 2014-06-10 21:50 | Report Abuse

lloydlim, pls look at SUPER. Same Pohuat director ( Mr. Lim aka LPT ) sapu alot of shares.

Posted by Yeap Chin Poh > 2014-06-10 21:53 | Report Abuse

RM4.65 million is significant for a 107 million issued share company. As the company will reverse its provision for doubtful debts, EPS will increase in 3rd quarter by 4.3 sens. This should have an impact.

Posted by CCCL > 2014-06-10 22:13 | Report Abuse

One off reversal of RM4.65 million or per quarter RM 460,000?

Posted by keithchan > 2014-06-11 09:13 | Report Abuse

Pohuat will receive a total of RM 4.65m as full settlement of the litigation against Qingdao Beacon Breweries Ltd which Pohuat sold them their equities stake in Pohuat Qingdao in 2013

Posted by keithchan > 2014-06-11 09:15 | Report Abuse

However this $4.65m is to be paid over a duration of 30 months from June 2014

Posted by keithchan > 2014-06-11 09:16 | Report Abuse

When Pohuat disposed their stake in Pohuat Qingdao in 2013, Pohuat has to booked an impairment loss of RM 6.75m in its balance sheet.

Posted by keithchan > 2014-06-11 09:19 | Report Abuse

If Pohuat can collect back the RM 4.65m in 30 months time, Pohuat will still sustain a loss of RM 2.1m in their investment in China. We have to make sure that Qingdao Beacon Breweries Ltd keeps up with their repayment instalments, otherwise Pohuat may have to go back to the court to seek redress again

Posted by keithchan > 2014-06-11 09:23 | Report Abuse

I do not agree with yeapchinpoh that the EPS will increase by 4.3 sen, although it looks the way it is as there is still uncertainty whether this RM 4.65m can be fully recovered in 30 months time (and knowing how unruly the mainland Chinese are, I am doubtful...)

Posted by keithchan > 2014-06-11 09:25 | Report Abuse

The board of Pohuat is cautious in making a provision by stating in the announcement that :

As a result of the Settlement and the anticipated receipt of the settlement amount of RMB9.00 million (equivalent to approximately RM4.65 million) over the settlement period, the Company shall make a part reversal of the allowance for impairment losses on other receivables upon receiving the settlement amount.

Posted by keithchan > 2014-06-11 09:26 | Report Abuse

So you see Pohuat will only credit the whole $4.65m as a reversal in its accounting only upon receiving the settlement amount.

Posted by keithchan > 2014-06-11 09:27 | Report Abuse

As such, the 4.3 sen EPS will not happen now but over a period of 30 months, barring any non-payment or delay by Qingdao Beacon Breweries Ltd

Posted by CCCL > 2014-06-11 14:23 | Report Abuse

Thanks.

Posted by Yeap Chin Poh > 2014-06-11 22:47 | Report Abuse

Sorry. I jump the gun. I had no intention of misleading anyone. Should have read into it before forming an opinion.

Its also good to see that the directors are prudent and correct. I have no problems keeping what Pohuat shares I have.

Posted by cindylim > 2014-06-12 11:11 | Report Abuse

Good forum culture here !

Posted by lloydlim > 2014-06-12 12:18 | Report Abuse

Cooleye also keep accumulating Pohuat!

Posted by Fortuneball > 2014-06-13 11:46 | Report Abuse

Surely the town of Muar has a big talking subject after 17/6 about liihen, Lol

Posted by spyking > 2014-06-13 18:26 | Report Abuse

Lloydlim how you know cooleye accumulating pohuat?

Posted by lloydlim > 2014-06-14 00:02 | Report Abuse

I saw de Pohuat's announcement on bursa website during 1.14 to 1.20

Posted by kkanagasg > 2014-06-14 14:06 | Report Abuse

Watch out next week, Liihen may go limit down

Posted by AyamTua > 2014-06-15 02:03 | Report Abuse

nice jokes

calvintaneng AyamTua,

Poh Huat = Bo huat? Ha! Ha! Ha!

Some Other Names Are:

LiQua - Li Qua ( In Cantonese " You Die" Liqua delisted.

MaeMode - (In Cantonese - "Everything Also Don't Have)

Transmile ( Transfer Smile To Cheating Directors)

Namfatt ( Another Hard to fatt company)

Takaso ( Tai Kar Sor - "Let's Go Mad Together")

Takaful (Tai Kar Foo - "Both end up bitter")

Sumatech ( When Price Up - Everything Can. When Price Falls - Everything Falls Down)
25/05/2014 09:39

Posted by tjhldog > 2014-06-15 13:22 | Report Abuse

利兴即将而来的高潮大会
http://klse.i3investor.com/blogs/liihen.com/54198.jsp

最好能搞串整个股东大会派地！

Posted by Canic > 2014-06-18 17:31 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1659413

Posted by papa > 2014-06-18 17:37 | Report Abuse

Good result !

Posted by Yeap Chin Poh > 2014-06-18 22:57 | Report Abuse

Thanks for the heads up. The result came in early this year. It is a good result. So far almost twice better than last year.

Posted by Muarsohai > 2014-06-18 23:03 | Report Abuse

With the improved result, Poh Huat made 8.28 sen in Q1 and Q2 combined, but Hevea can make the same 8 sen in one quarter!

Who is the better buy?

Posted by lloydlim > 2014-06-19 01:31 | Report Abuse

Good result as per expected!

Posted by Yeap Chin Poh > 2014-06-19 09:12 | Report Abuse

I am frankly relieved. The 2nd quarter is always the worst. I think we can expect a pretty good year this time.

Posted by candygirls > 2014-06-21 21:34 | Report Abuse

Soon will overtake Liihen as Muar's best

Posted by tiennhieu > 2014-07-01 18:19 | Report Abuse

now up trend lol, hope will catch up with Liihen, 2.xx so

Posted by TaurusGal82 > 2014-07-03 10:09 | Report Abuse

no show?

Posted by sasopi87 > 2014-07-03 21:02 | Report Abuse

slow2 buy........

Posted by naughtygirl > 2014-07-12 14:11 | Report Abuse

It will be Muar's best furniture company, after the internal bomb explodes in Liihen, soon

Posted by lloydlim > 2014-07-13 14:31 | Report Abuse

Now heading to the south due to rising of OPR (Overnight Policy Rate)

Posted by JasonPoh > 2014-07-13 22:30 | Report Abuse

Why did you say so?

Posted by Yeap Chin Poh > 2014-07-14 19:58 | Report Abuse

1.30 should hold

Posted by JasonPoh > 2014-07-15 00:00 | Report Abuse

OPR has bearing on this stock? Joker!

Posted by AyamTua > 2014-07-15 00:02 | Report Abuse

OPR/BLR? come to RCECAP kikikiiiikiiiii

Posted by rlch > 2014-07-15 00:03 | Report Abuse

People buy less house and buy more furniture?

Posted by TanSriDato > 2014-07-16 08:51 | Report Abuse

Joker Lloydlim

Posted by lloydlim > 2014-07-16 23:34 | Report Abuse

Ya ya Joker, later u shall know.....

Posted by saltedfish > 2014-07-19 22:36 | Report Abuse

Post dated "cheque"

Posted by JasonPoh > 2014-07-21 19:00 | Report Abuse

OPR or no OPR, this stock is not moving at all

Posted by wikileaks > 2014-07-30 11:23 | Report Abuse

Selamat meRaya Hari keuntungan Besar

Posted by Muarsohai > 2014-07-31 15:48 | Report Abuse

Pohuat 1.34
Hevea 1.54

what a difference in 6 months!

Posted by Muarsohai > 2014-07-31 15:49 | Report Abuse

Can Pohuat chase Hevea now? Go Go Go show me you are Muar's BEST!

Posted by cherry88 > 2014-08-04 21:15 | Report Abuse

Pohuat will announce its 3Q results next month....their third and final quarter usually very god\od compare to first and second quarter...price should be moving up toward its NTA of RM1.55 then.....cheer !

Posted by TaurusGal82 > 2014-08-05 15:58 | Report Abuse

moving............

Posted by cherry88 > 2014-08-05 21:19 | Report Abuse

First target should be RM1.50 (close to its NTA)...chase toward Hevea. Poh Huat declared its first interim dividend last year in the history. We expect it declare the same this round, to be in-line with Muar furniture like LiiHen or Homeritze.

Posted by TaurusGal82 > 2014-08-13 14:42 | Report Abuse

what is OTB target price?