This RM20.96 million seems the amount advance to its property subsidiary (PHW) which stated as "Land held for property development of RM20.91 million in its balance sheet. I think it is the accountant's job to transfer the "indebtedness" to "investment". This is to avoid paying interest from PHW to the holding company. It is nothing to do with the bonus issue. I viewed property market negatively. A typical Chinaman company like Poh Huat may use this opportunity to pocket out more money for himself rather than to shareholders.....
Run! the less weak holders for this counter the better for us. Those who stayed through thick and thin would benefit from the dividends and capital gains.
A lot of so called investors know the prices of a stock very well, but not the intrinsic value to a stock. So many are perturb by the noises of the market. Better to invest in mutual funds.
Can you explain to me why do the director buy more of its shares back knowing the outcome to be as bad as you presumed? May be you gotta tell me another fairy tales story I may interested to hear fromyou
It is heading to the right direction Instead of focus on one limited market They started to diversify their segment It is good for dividend pay And negative point of view on property isn't going to last long As property market is highly relevant to furniture market As property is still going strong especially most reit is still performing well with steady dividend Transaction among themself? I highly doubt it didn't happen to all other counter It is hardly a topic to debate
Simple theory, this is a furniture company, this company mainly export furniture to US, thus, one should look more at 2 factors below:- a) USDMYR exchange rate b) Housing index in US
In compliance with Paragraph 14.08 of Chapter 14 of the Listing Requirements of Bursa Malaysia Securities Berhad, Poh Huat wishes to announce that the Company had received the notifications from four (4) Directors of the Company of their intention to deal in securities of the Company during closed period of the Company for the upcoming accouncement of the second quarterly results ended 30 April 2015.
Name No. of Ordinary Shares of RM1-00 each Percentage of shareholding (%)* Tay Kim Huat Direct : 25,643,138
Indirect : 5,890,536
24.03
5.52
Tay Khim Seng Direct : 3,079,330 2.89 Toh Kim Chong Direct : 3,300,644 3.09 Lim Pei Tiam @ Liam Ahat Kiat Direct : 13,999,800
Indirect : 1,581,000
13.12
1.48
Remark:
* The percentage of direct and indirect shareholdings is determined based on the issued and paid-up share capital of Poh Huat after excluding a total of 6,663,800 Poh Huat shares purchased and retained as treasury shares from time to time.
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....
cherry88
980 posts
Posted by cherry88 > 2015-05-26 16:19 | Report Abuse
This RM20.96 million seems the amount advance to its property subsidiary (PHW) which stated as "Land held for property development of RM20.91 million in its balance sheet. I think it is the accountant's job to transfer the "indebtedness" to "investment". This is to avoid paying interest from PHW to the holding company. It is nothing to do with the bonus issue. I viewed property market negatively. A typical Chinaman company like Poh Huat may use this opportunity to pocket out more money for himself rather than to shareholders.....