Looks promising. Supported at 1.36. Minimum downside. Upside, we will have to find out in the days to come but it has undergone consolidation for a while.
The new director, Lim PT, is continue buying.....He "support" at RM1.36....No wonder it won't drop below RM1.36.....Its 3% dividend is soon to Ex on 8Oct.....Buy before too late....
Real disappointed with POHUAT's lackluster shares price performance. Dear directors, pls do something to it, as the rest of the furniture stocks were banging aloud
Experience shows that it will move when it is ready. No amount of complaining or invoking the name of Wikileaks (for god's sake) is going to make a difference. We must be patient.
Poh Huat announced second interim 2 sen dividend very last minute. Poh Huat financial year ended at 31 Oct. I should expect they declare the final dividend of another 3 sen per share in the final quarter (before 31/12/14). Total dividend should be 8 sen for the whole financial year (The have decalred 3 sen in the 1st interim). (Last year declare 5 sen, prior years declared 2 sen per year only)
Poh Huat IPO was listed in the 2nd board on the 29th Mar 2000@Rm1.80 per share. Traded intra - high of RM1.90 Since then had never breached this level.
Pathfinder nice to meet you. I checked your comments. Back in august 2014, you have already highlighted that their earnings should be higher if excludes the bad debt. Lets see how they perform in coming quarter (to be announced in 2 weeks time)
Icon8888. Likewise. I am afraid we may not see the full potential this time. The coming results should be better than the similar quarter last year but probably impeded by the strong Ringgit then. We may only see the full potential only next year when the market realizes how well positioned this company is. I am excited by the validation from Insider Asia. I have a great respect for their judgment and its a comfort to see they hold similar views.
I share similar view with Icon8888 and pathfinder. Poh Huat had declared higher dividend recenly. From 2 sen previously to 5 sen last year. I expect it will declare anohter 3 sen dividend this final quarter (expect to announce end of this month). Total dividend will be 8 sen in FY2014.
Poh Huat just announced its 4Q2014 results. Results improved by 41.59% !! As expected, the directors proposed another 3 sen dividend ! Total dividend for the year up to 8sen (or yield of 6.15%). NTA per share also increased to RM1.61 (or P/NTA of 0.81x only). PE even lower to 5.83x. They have decided to pay 2 sen dividedn on 6Feb2015, and proposed another 3 sen after upcoming AGM. So, Total dividend soon to be received will be 5 sen !!! Expect the share price to move up by 5sen easily......Merry X'mas !
I am a lazy lady. I am waiting kcchongnz to do an update analysis on the furniture stocks. Overall, I believe furniture stocks will benefit from the recent strengthening USD against the Ringgit. Looking its low PE, P/NTA and high dividend yield, I think it is a safe bet. Furthermore, Poh Huat is in net cash position. Bank borrowing was RM34.78 mil against cash balance of RM52.88 mil at Oct2014, down from RM54.7 mil at Oct2013. This could be the main reason they have started to declare dividend to its shareholders. Latest payout ratio is 36%, could be go to as high as 50%. I expect the dividend will go higher to 9~12 sen (or payout ratio of up to 50%) next year !
Dividend before FY2012 and before : 2 sen per year Dividend in FY2013 : 5 sen per year Dividend in FY2014 : 8 sen per year Dividend in FY2015 : 11 sen per year ??? (increase by 3 sen annually ???)
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....
michealc
173 posts
Posted by michealc > 2014-09-23 18:11 | Report Abuse
still sleeping......zzzzzzzzxx