Posted by Lukesharewalker > 2020-01-14 11:08 | Report Abuse

Relax let the pdts sell down

Posted by Lukesharewalker > 2020-01-14 11:28 | Report Abuse

Pe 6 now. Any lower makes it into pe 5 region. Delicious

Posted by Cf81 > 2020-01-14 11:59 | Report Abuse

@cherry88 just tell your broker to help convert...

Posted by Lukesharewalker > 2020-01-15 10:31 | Report Abuse

Ringgit is reversing again

Posted by Cf81 > 2020-01-15 15:35 | Report Abuse

Ringgit weak,pohuat no move...
Ringgit strong, pohuat drop...

Posted by Lukesharewalker > 2020-01-15 21:21 | Report Abuse

Lol....operator pushing down wards....will rebound on dividends date announced

Posted by cherry88 > 2020-01-15 21:35 | Report Abuse

Look like u are the operator... LOL

Posted by Lukesharewalker > 2020-01-15 21:41 | Report Abuse

Possible rise from double bottom

Posted by Lukesharewalker > 2020-01-15 21:43 | Report Abuse

Dont forget. Fundamentally sound with best ever profits

Posted by Lukesharewalker > 2020-01-16 09:23 | Report Abuse

Also waiting at 38...

Posted by Cf81 > 2020-01-16 10:03 | Report Abuse

No CNY rally....so sad

Posted by Lukesharewalker > 2020-01-16 10:05 | Report Abuse

Wait for rebound...oversold

Posted by Lukesharewalker > 2020-01-16 10:09 | Report Abuse

Operator try to squeeze lower...panic sales....buy then

Posted by Lukesharewalker > 2020-01-16 15:34 | Report Abuse

Over 100k selling Q....u think will Q if want to sell?

Posted by Lukesharewalker > 2020-01-16 16:41 | Report Abuse

Good. Panic selling now

Posted by Lukesharewalker > 2020-01-16 20:03 | Report Abuse

The daily volume is more than this....

Posted by Cf81 > 2020-01-17 14:41 | Report Abuse

Volume is actually higher than Jaycorp

Posted by Lukesharewalker > 2020-01-17 15:20 | Report Abuse

Another sharp plunge coming...time to buy

Posted by Lukesharewalker > 2020-01-17 16:31 | Report Abuse

Yes. Thank you

Posted by Lukesharewalker > 2020-01-17 16:42 | Report Abuse

Oversold.

Posted by EatCoconutCanWin > 2020-01-17 16:44 | Report Abuse

run...maybe is bad result

Posted by LiimInvest > 2020-01-17 23:41 | Report Abuse

Accumulate

Posted by Cf81 > 2020-01-19 19:18 | Report Abuse

Cash rich homeriz also can't fly

Posted by Lukesharewalker > 2020-01-20 09:41 | Report Abuse

Panic sales..
Let's have another sharp plunge

Posted by Lukesharewalker > 2020-01-20 11:01 | Report Abuse

How many sharp plunges can the operator afford?

Posted by Cf81 > 2020-01-20 11:08 | Report Abuse

Alot apparently... strengthening ringgit? Trade war signing? Lol..

Posted by Lukesharewalker > 2020-01-20 11:26 | Report Abuse

Rsi 18....

Posted by Lukesharewalker > 2020-01-20 11:27 | Report Abuse

Not that the ringgit will break 4....

Posted by Lukesharewalker > 2020-01-20 13:34 | Report Abuse

USDMYR - short term bearish chart, but the economists from 36 banks seem to point to USD at an average of RM 4.10-4.20 for the year 2020.

Posted by Cf81 > 2020-01-20 15:06 | Report Abuse

But heck alot of warrant conversions on 9th and 14th Jan to mother share...

Posted by Lukesharewalker > 2020-01-20 15:09 | Report Abuse

Does not matter. They won't be selling at a loss

Posted by Lukesharewalker > 2020-01-20 15:21 | Report Abuse

Furniture from China is still subjected to tariffs

Posted by Cf81 > 2020-01-20 15:50 | Report Abuse

Yeah...no idea whois selling and driving the price down...

Posted by Lukesharewalker > 2020-01-20 15:57 | Report Abuse

Maybe its KY....

Posted by sharemania > 2020-01-20 16:08 | Report Abuse

tim to go in.

Posted by LiimInvest > 2020-01-20 16:20 | Report Abuse

Buy buy

Posted by cherry88 > 2020-01-20 16:28 | Report Abuse

wah...you guys still inside ? Margin call starts....

Posted by sharemania > 2020-01-20 16:48 | Report Abuse

managed to get 10lots in 1.35.

Posted by Lukesharewalker > 2020-01-20 18:51 | Report Abuse

Strange. The rest of furniture stocks are not crashing

Posted by ming > 2020-01-20 18:57 | Report Abuse

Chart scary.. but actually drop 10% oni ma

Posted by Cf81 > 2020-01-20 20:08 | Report Abuse

Quite alot of volume going as well...compared to the usual

Posted by Lukesharewalker > 2020-01-20 20:54 | Report Abuse

Not much for warrants. But could be a margin call for mother share

Posted by Lukesharewalker > 2020-01-20 20:57 | Report Abuse

Based on today's price dividend yield is 5.8%

Posted by GLNT > 2020-01-21 09:38 | Report Abuse

Margin call? Hahahahahahahaha!

Posted by Lukesharewalker > 2020-01-21 09:48 | Report Abuse

Rebound today?

Posted by Lukesharewalker > 2020-01-21 09:49 | Report Abuse

Or tomorrow. Good to buy if another sharp plunge today.

Posted by Lukesharewalker > 2020-01-21 10:01 | Report Abuse

Rsi 14% now

Posted by GLNT > 2020-01-21 10:02 | Report Abuse

Margin call faster! Margin call margin call margin call!

Posted by Cf81 > 2020-01-21 15:56 | Report Abuse

Woah...in the green

Posted by Fabien "The Efficient Capital Allocater" > 2020-01-21 17:15 | Report Abuse

Currently, the stock market is not valuing companies with strong balance sheet with net cash position. This can be contributed by the low interest rate environment. Where the excess liquidity has been deployed to highly leveraged companies with explosive earnings growth. Over the last few years, growth stocks have largely outperformed value stocks.

Having strong cash position doesn’t add value to the company’s valuation, as implied by the market.

Take Poh Huat as an example. Current PE multiple is 6x. Adjusted for net cash, PE multiple is only 4x. This is for a company that has grown its earnings by 7% in its latest financial year. However, the current PE multiple implies that Poh Huat earnings are in a decline. To put it another way, if you set a minimum target return similar to the long term market return of 10% and compared that required return against Poh Huat earnings yield of 30%, is that market valuation justifiable?

Even looking from the balance sheet perspective, it’s P/BV is only 0.9x for a company that earns ROE of 15% and ROIC of 28%. It’s cash yield is around 9% based on average FCF, almost 3 times of what you get from risk free rate.