How to say MD goreng it up? I think the current price is fair as orders have returned to pre covid levels. Plus, there's also a small boost due to companies giving staff allowances to buy office furniture as a work from home initiative. Orders for the next few months seems good so that is priced in. Whats so surprising of the raise in price lmao
Should take profit now. Why ? Because the warrants will expire in 21/10 and this will enlarge the share capital and dilute the EPS. The latest circular show that there are still have 26.8 mil outstanding warrants (a check show the original warrants were 53 mil. So it is almost half of it been exercised. Based on latest 230 mil shares in its latest reports, the dilution impact would be about 13%. Therefore, we may expect a "drop" in EPs even they can generate a higher profit by end of the year. Prefer to take profit first.
Affin has upgrade its target price to RM1.96 from RM1.61 earlier. Management indicate the order book is for deliveries up to February 2021 and capacity to expand by 30%. So we can expect its sales and profit to increase by 30% next year. Targt price should improve by 30% too to RM2 mil level
@ winwinaaa I admitted to make "mistake" and took profit earlier. After reading Affin report issued today as well as seasonally quarterly strong results at year-end, I have started to buy-back and wait for its final quarterly announcement to decide further move. Let's buy it and keep it under the pillow until Xmas. Normally, the company will announce its results before 25/12
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HumbledInvestor
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Posted by HumbledInvestor > 2020-09-16 11:29 | Report Abuse
[Humbled Investor] 6 REASONS why you should consider to invest in Poh Huat - Potential GEM in Furniture Stocks.
https://klse.i3investor.com/blogs/HumbledInvestor/2020-09-16-story-h1513523934-_Humbled_Investor_6_REASONS_why_you_should_consider_to_invest_in_Poh_Hu.jsp