It looks like not syndicating or speculating. Its year-end better than expected resutls together with the strengthening USD (allmost all its sales proceeds from USD) did attract fund buying. Under current bearish scnario, all syndicators are running out loh............
I "supposed" to sell at RM1.61....but suddendly hand break, as it move too move too fast.....Will sell if it drops back...start using trailing method from now......All other furniture stock also move up and above their NTA level (like Lii Hen and Lantitude).....start to turn greedy...hehhe.... Should I sell Poh Huat, I will focus Hevea which still trading much below its P/NTA level. Hevea also a furniture counter with net cash position......
Icon8888, since it is "far exceeded your expectation"......what are you waiting for ? One must learnt to be careful when everybody are greedy (including me)...haha...You must make handsome profit now.....Can disclose your shareholding in Poh Huat.... ?? hehe....You must have the "power" to foorecast the strengthening of USD against RM. Good on you !!!!
Looking at its earnings .. One quarter already eps = 10 sen a share So 4 qtr the eps could be 40 sen Even Now the share price still cheap at 1.70 They likely to benefit from US recovery and stronger used dollar It is getting liquid now so easily can move above $2 soon
Ans : We do not know the true story. "May be" (I am not sure) the director is selling to syndicate to push up the share price later. The syndicate needs to buy cheaper than market price, it is a normal arrangement. I also have this stock in my portfolio Thank you.
It looks as if they r selling but they are in fact buying But u need to see who else is in the game If its cornered then high chance for it to bulldozed upwards in short periods Else it will gradually scaled higher . Even this guy think its going to trend up http://nexttrade.blogspot.sg/2015/01/pohuat-uptrend-to-continue.html?m=1
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....
Icon8888
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Posted by Icon8888 > 2015-01-02 13:39 | Report Abuse
Cccl thanks for the idea. I did a quick check, they are cash rich but not very profitable
Will keep it on watch list
Btw, buying back shares almost every day