Posted by frankco > 2020-01-06 20:38 | Report Abuse

good news coming

Posted by paperplane > 2020-01-06 21:04 | Report Abuse

Div 6%, apa lagi shareholders mahu. Balik china lah

Posted by loico > 2020-01-07 14:16 | Report Abuse

safe to collect?

Posted by Bursababy > 2020-01-21 17:56 | Report Abuse

https://www.bharian.com.my/berita/kes/2020/01/648433/warga-emas-maut-kereta-bertembung-treler

Posted by Bursababy > 2020-01-21 17:57 | Report Abuse

MD, Yeo Eck Liong killed in accident.......

Posted by cpng > 2020-01-21 18:24 | Report Abuse

RIP
https://www.sinchew.com.my/pad/con/content_2204775.html

Posted by kangcs > 2020-01-23 08:59 | Report Abuse

Amitabha

Posted by AFMGT > 2020-01-30 11:31 | Report Abuse

such a quiet counter

Posted by klseinvestor > 2020-03-14 13:21 | Report Abuse

wapiang gg guys

Posted by moneycome123456 > 2020-04-28 18:17 | Report Abuse

Stable counter

Posted by eddy888 > 2020-05-06 22:56 | Report Abuse

Buy

Posted by rivter > 2020-05-08 14:17 | Report Abuse

top up 0.815 ~

Posted by Kenokaya > 2020-06-01 10:33 | Report Abuse

no dividend ar this counter? Should I sell?

Posted by moneycome123456 > 2020-06-03 10:37 | Report Abuse

normally dividend will anounce on Nov

Posted by paperplane > 2020-06-03 17:50 | Report Abuse

THE Covid-19 pandemic that has brought global economic activity almost to a standstill has affected many export-oriented industries in Malaysia. The furniture-making industry is one.

Since the start of the year until mid-March, the share prices of furniture makers have been on a downward trend as the pandemic made its way across the globe. Many furniture makers saw their share price plunge to five-year lows during that time.

This has turned valuations highly appealing for some furniture makers listed on Bursa Malaysia, raising the question: Is now a good time to start accumulating furniture stocks, which have been trending upwards again?

Will demand for furniture recover soon, however, to boost the incomes of Bursa-listed furniture makers?

According to Khoo Yeow Chong, president of the Malaysian Furniture Council (MFC), furniture makers are expecting a V-shaped recovery in demand for their products.

In a response to a question from The Edge on how long it would take for demand for furniture to recover post-global lockdowns, Khoo says 42.9% of the industry expects recovery in the first half of 2021, but this will come after a painful 2020.

“The MFC conducted a study earlier this month and the industry is projecting losing slightly more money in 2H2020 than in 1H2020, owing to uncertain global prospects,” he says.

Between 58% and 62% of Malaysian-made furniture are sold internationally, with the US being the largest international market, comprising 42% of Malaysia’s furniture export demands. MFC data shows sales to the US totalled RM4.68 billion last year.

Other major export markets for Malaysian-made furniture are Japan, which comprises 7.3% of exports, followed by Singapore (7%), Australia (5.3%), the UK (4.9%), India (3.4%), Canada (2.9%), the Philippines (2.6%), China (2.4%) and Saudi Arabia (1.8%).

In 1Q2020, exports to Japan, Singapore, Australia and the UK dropped year-on-year, according to MFC. During the quarter, however, exports to the US, India and Saudi Arabia were higher by RM628.7 million y-o-y.

Nevertheless, should cases of Covid-19 continue to be suppressed globally, a V-shaped recovery is expected in 2020 itself, says Khoo. “This optimism shows the furniture industry is resilient and will recover more quickly than other sectors.”

Among the Bursa-listed furniture makers that have attractive valuations is Poh Huat Resources Holdings Bhd. As at May 20, Poh Huat was trading at five times trailing 12-month (TTM) earnings, which gives a dividend yield of 7.75%.

Granted, the Johor-based furniture maker has yet to report a quarter in which its operations were affected by the Covid-19 pandemic and the subsequent global economic shutdowns. Its latest quarterly result was for the first quarter ended Jan 31, 2020 (1QFY2020), which was before the pandemic.

It is worth noting, however, that as at Jan 31, 2020, Poh Huat’s cash and bank balances stood at RM127.85 million, slightly lower than the RM133.08 million it had in the corresponding year-earlier quarter.

Its short-term borrowings amounted to RM17.9 million, with zero long-term borrowings as at Jan 31, 2020. This means the group is sitting on a net cash balance of RM109.95 million.

With total issued shares of 231.1 million units, Poh Huat has net cash per share of 47.6 sen. This means almost half of its share price of RM1 as at May 21 is made up of net cash.

When contacted, a company representative declined to comment on prospects of the group and its strategy to keep itself afloat during this trying time.

In the notes accompanying its 1Q2020 financial results, however, Poh Huat stated that, as the repercussions of the pandemic are still unfolding, the group is unable to predict its full impact on the global furniture trade.

“We are preparing ourselves for the worst-case scenario of a significant drop in demand, supply disruption of materials routed from logistical hubs in impacted areas as well as labour issues due to quarantine procedures or illness,” the group stated.

This cautious outlook could stem from the fact that more than 90% of Poh Huat’s revenue is generated from North America.

While the company is being very cautious in projecting its future performance, the MFC is more optimistic about the furniture industry’s future. It says because of the Movement Control Order, many people upgraded their home furniture because of an increase in usage.

“Moreover, there has been a shift in consumption of office furniture, with the onset of Covid-19 and social distancing. Office chairs have seen an increase in sales, owing to the new culture of working from home,” says MFC’s Khoo.

There are only two research houses that cover Poh Huat. On March 30, TA Securities assigned a target price of RM1.11 on the stock with a “buy” call; Affin Hwang Investment gave it a “sell” rating, with a target price of 62 sen.

TA Securities likes the company for its healthy balance sheet and decent dividend yield. “We believe Poh Huat’s healthy balance sh

Posted by moneycome123456 > 2020-06-10 08:31 | Report Abuse

Good moving

Posted by aliyusof > 2020-07-02 15:06 | Report Abuse

Stupid Affin Hwang analysts ..they always give absurb TP which is far off the tangent.

Posted by moneycome123456 > 2020-07-08 19:38 | Report Abuse

Div 3.5 cent not bad

Posted by paperplane > 2020-07-09 13:43 | Report Abuse

seems doing well

Posted by irazam > 2020-07-10 10:19 | Report Abuse

buy

Posted by paperplane > 2020-07-15 08:10 | Report Abuse

all furniture doing well, so weird! i tot jobless rate everywhere highest

Posted by Fundamentalist91 > 2020-07-20 15:29 | Report Abuse

Its good to be optimistic, but I wonder how many people are willing to hold their ground in short term (1-2 years). PoHuat already warns.

https://www.thestar.com.my/business/business-news/2020/06/23/furniture...

Once PE ratio isn't this attractive and dividend got cut, i wonder how many will run and price will likely test the bottom again.

Posted by frankco > 2020-08-13 11:14 | Report Abuse

Honsoar Jaycorp should be doing well now with more hiring in last few months..

Posted by paperplane > 2020-09-01 13:59 | Report Abuse

great company no one want, hehe

Posted by paperplane > 2020-09-01 13:59 | Report Abuse

The Group entered into a joint venture agreement with Honsoar International Limited (“HIL”)
to set up a joint venture company (“JV company”) to further diversify our products to include
kitchen and bathroom vanity cabinets. We hope to benefit from the technical expertise of our
joint venture partner, HIL, in this area. The JV company began production in the second quarter
of FY20 and we expect this venture to contribute positively to the Group in the future.

Posted by paperplane > 2020-09-01 14:00 | Report Abuse

The packaging segment continues to be very competitive and challenging. However, we will
continue to strengthen our market position and expand our customer base. Besides that, the
Group will continue to control the production cost and upgrade machinery to improve
operational efficiency.

Posted by paperplane > 2020-09-01 14:01 | Report Abuse

The UMS Project which is currently being carried out by the Group’s 60%-owned subsidiary,
Jaycorp Engineering and Construction Sdn Bhd (“JECSB”) is expected to be completed in the
coming months. The growth of the construction and property development sector in Sabah
should enable the Group to diversify its revenue and earnings streams. The Group intends to
continue to actively bid for more construction projects going forward.

Posted by paperplane > 2020-09-01 14:03 | Report Abuse

Jaycorp slowly diversify into other sectors, which is great move

Posted by Patrick13 > 2020-09-02 09:38 | Report Abuse

The worst QR is over. May to Jul result should be great if refer to peer performance. And hopefully final dividend will be declared as well.

Posted by moneycome123456 > 2020-09-02 11:54 | Report Abuse

this counter have very good potential, slowly can up to 1.30 above. just my opinion.

Posted by frankco > 2020-09-02 19:07 | Report Abuse

check the independent director profile Asgari Stephen- a veteran who involved in VC and fund management had been buying back jaycorp shares...hmm interesting.

Posted by moneycome123456 > 2020-09-07 14:45 | Report Abuse

美国经济正快速从新冠肺炎瘟疫中复苏，各行各业已适应新常态，大企业大都已回复正常运作，小企业也加快脚步，追回封城时间的损失，购物需求再度爬升。

特别是对家具需求也见到回升，超级集团如谷歌，面子书等鼓励员工居家工作，数家企业甚至发放一次性津贴，让员工购买家具在家中工作；美国家具需求一下子暴增，大马多家以出口为主的家具集团需求大增。

根据行业消息指出，出口为主家具厂大都全面投产，提高生产量应付需求。

无论如何，大多数家具集团都面对员工短缺问题，特别是政仍禁止外劳进入大马工作，因此产量受到限制。

无论如何，订单大增之下，未来数个季度盈利仍可期。

Posted by paperplane > 2020-09-08 09:43 | Report Abuse

Finally, lai liao lai liao

Posted by Up_again > 2020-09-08 13:49 | Report Abuse

Yaya Lai liao
Can Tp 1.50 la

Posted by paperplane > 2020-09-09 16:38 | Report Abuse

rm2 LAH

Posted by heeman9696 > 2020-09-10 13:19 | Report Abuse

no power

Posted by moneycome123456 > 2020-09-12 20:07 | Report Abuse

Qr release end of this month. Let's see

Posted by BabyAce > 2020-09-12 20:21 | Report Abuse

This counter is always in my watchlist, superb counter...But when cheap cheap only will enter. Better than any of its counterpart.

Posted by Patrick13 > 2020-09-28 09:54 | Report Abuse

Top up at 1.06.

Posted by moneycome123456 > 2020-09-29 18:40 | Report Abuse

Good qr

Posted by dalpinia > 2020-09-29 20:47 | Report Abuse

TP RM1.5-2

Posted by valensi88 > 2020-09-30 09:37 | Report Abuse

Proposed dividend 6.5 cents!

Posted by frankco > 2020-10-15 15:21 | Report Abuse

good dividend stock and rising steadily ... can't see why its revenue would not increase in tandem with other furniture stocks from the trade war effect and high RMB/USD effect ..

Posted by heeman9696 > 2020-10-20 11:30 | Report Abuse

2cents 2cents naik sampai u xtau

Posted by moneycome123456 > 2020-10-21 14:30 | Report Abuse

JAYCORP BERHAD ("JAYCORP" OR "COMPANY")
(1) PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
(2) PROPOSED NEW SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
(3) PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES

Posted by moneycome123456 > 2020-10-21 14:41 | Report Abuse

good for share holder ?

Posted by moneycome123456 > 2020-10-22 19:19 | Report Abuse

Announcement share buy back

Posted by frankco > 2020-10-22 21:54 | Report Abuse

when this company start buying back shares, its upcoming result will be good.. compare the share buy histories versus the subsequent announced result.

Posted by moneycome123456 > 2020-10-25 11:15 | Report Abuse

Yes. I think the coming results will good.

Posted by valensi88 > 2020-10-28 11:46 | Report Abuse

Thanks jaycorp for duit kfc