$2.30 - I think easily can reach if they continue to confident of their sales next year which the mgmt seems quite confident can improve or even better
Look like many people here will buy new furniture for coming CNY, otherwise where to find sales for Poh Huat? Even job market in US suffer as oil keep dropping.
Some people only think how strengthening of USD benefit the company. What about the company product furniture? Do people buy furniture every quarter or every year like we buy new shirt, pants or shoes for CNY? My house furniture was not changed for many years unless the old one broken.
Poh Huat was featured in this week TheEdge....highlighing margin expansion.....very positive.....assuming at PE of 9 ~ 10x (which is the current industry average)...share price could fly to RM2.00 to RM2.23. This was based on latest EPS of 22.3 sen. Should the margin expansion materialise, share price could further fly toward RM3.00 (based on prospect EPS of 30sen)
Agreed. DPS should be possible and in line with trend. Any less I would be disappointed. Pohuat may have gone down today but that is not important. We must be patient.
Poh Huat Resources Bhd (fundamental 2.4, valuation 2.1) upbeat on prospects, eyes higher margin, thanks to the improvement in the US economy, which accounts 65% of its total sales. Its financial year ended Oct 31, 2014 , Pohuat net profit rose 41.9%. The target price is RM2.62 based on 9 X CY15 earnings, i.e. 29.1 X 9 = 2.62.
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....
paperplane
1,403 posts
Posted by paperplane > 2015-01-08 10:07 | Report Abuse
OTB is the syndicate loh. haha. OTB great call!