bad result expected. especially Vietnam production which is operate about 2 weeks only in this quarter. same what is happening in Magni-Tech. the result will be boost up next quarter.
Invest within your means. For a company to be affected by external factors, its undeniable to result in some negative digits. Do the maths, once you remove the negative factors, what will you have ? Does the company performing well over the years with good management, cash flow, the net cash position, the earning yield and earning. Buy on dips as long as you've done your homework.
Manufacturer will ship out their backlog during Oct to Jan'22 , sales for next qtr report should be new high. Sales Order from oversea a bit slow down compare last year.
@bullrun, Why you look so stressful ? Relax lah. TA just issued an update report yesterday, painting a very positive outlook. It published in today TheStar too.
Poh Huat just released the annual report. No changes in the financials per announced earlier. However, when I check the Top 30 shareholdings list, then Pangolin Asia Fund increased its shareholding from 4.96% to 6% and become a substantial shareholder. Most interesting, EPF also increased its stake from 0.92% to 2.4%. Wah.....I also noticed Cool Eye (Foong Siling) also started buying Poh Huat and is holding 1.7 mil shares. No wonder price never drop despite all the negative sentiments around the corner, i.e increasing interest rates environment and the war ! He must be collecting slowly. Fundamentally, Poh Huat fundamental did not change much, and they managed to ride through the COVID crisis (I assume no more deteriorate in term of COVID sentiments). It is not fair to use the FY2021 data to judge the company future, due to the "one off" COVID impact. So, I ignore the latest EPS of 22sen, instead, I use FY2020 EPS of 22sen (which is dam conservative), the PE only 6.4x which is deemed undervalued. Net asset is RM1.70 with ROE if more than 12% (FY2020) and yield of 6.4% (assume to pay 9 sen in FY2022). All these indicators are pointing a good parameter for Cool Eye to enter into the stock. (Based on his latest book written by him). I am back after digesting the latest update.....see you in the forum again.
Coming qtr report will be great compare with last qtr or YoY. Share price on furniture need wait for market trend and news. Currently can buy and hold for dividend.
Pohuat will be benefit from the appreciation of USD against Ringgit. Let's see next Quarterly result
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Posted by Derrick Gan > 2021-12-30 17:37 | Report Abuse
This qtr is bad, but next qtr will be pao huat, most of furniture industries sales will be record high, mark my word ...