Posted by boon1515 > 2018-01-22 11:53 | Report Abuse

onboard

Posted by John1234 > 2018-01-23 19:19 | Report Abuse

Closed at 1.33. Looks like price is pressed down after each brief spike....

Posted by John1234 > 2018-01-23 19:39 | Report Abuse

Ringgit has appreciated steadily against USD in the past month. From TA Securities research house, a stronger ringgit would benefit the company more.

Posted by sapurakencana > 2018-01-23 21:46 | Report Abuse

dont 100% base on research house recommendation,do your home work before invest even this counter is a good counter for me.

Posted by keyin > 2018-01-23 22:49 | Report Abuse

No more hope for this year

Posted by Lew Chin Hoong > 2018-01-23 23:39 | Report Abuse

dont trust research house +1

Posted by John1234 > 2018-01-24 07:07 | Report Abuse

Well, we shall see if the research house is trustworthy or simply the job of the operator to collect low....

Posted by KYYgel > 2018-01-24 07:14 | Report Abuse

Don't ever trust research houses. They makan and party with operators. Only release news to psycho ikan bilis

Posted by sapurakencana > 2018-01-24 21:02 | Report Abuse

花莎尼进口大量奶粉，强马币将使成本大幅减低

RM/USD strong from RM4.15 to RM3.916 today,i sure this factor also wil benefit johotin for the coming 2 quarter.let wait & see

Posted by John1234 > 2018-01-25 11:32 | Report Abuse

Wow, F & N emerges as a top gainer this morning. When is Johore Tin's turn to go up? Do not tell me the operator is still collecting...hehe

Posted by sapurakencana > 2018-01-25 12:50 | Report Abuse

he test your patient,be careful.

Posted by LuckyG > 2018-01-26 10:37 | Report Abuse

when it go up suddenly all the 2nd seller 3rd seller 4th seller 5th seller volume dissapear .....

Posted by John1234 > 2018-01-26 17:12 | Report Abuse

Yes, this counter has a lot of "fake" vol. Operator wanted to push it up this morning, only to find a lack of speculative demand and pushed it back again. A real joke!

Chartwise, still trending down with some "fake" buying supports and no signs of a trend reversal yet. Cannot chase high, even when ringgit can be soaring. Need to wait for the next quarterly report out to provide clarity.

Just my observations...

Posted by sapurakencana > 2018-01-29 10:18 | Report Abuse

If this quarter report we expect wil improve compare with previous quarter,let check the PE- Johotin PE 11.38 ,F&N PE32.96 , Can one PE6.9 & Nestle PE41.55.
Guess who wil outperform by end of Feb2018. (in percentage increase)

Posted by pc_FA > 2018-01-31 12:48 | Report Abuse

http://klse.i3investor.com/blogs/kianweiaritcles/145984.jsp

Posted by pc_FA > 2018-02-02 21:05 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5681689

Posted by pc_FA > 2018-02-03 23:41 | Report Abuse

“股价跌跌不休 柔佛珍路不平” Latest The Busy Weekly got an article about Johotin.

Posted by mrinvestor12 > 2018-02-05 08:58 | Report Abuse

http://www.mrinvestor12.com/2018/02/johore-tin-berhad-7167.html

Posted by sapurakencana > 2018-02-05 15:04 | Report Abuse

now seem like support at RM1.25,nowbody want to sell at this price.

Posted by LuckyG > 2018-02-05 16:35 | Report Abuse

i thought can drop till 1.20 for me to collect ......

Posted by WaAdaLui > 2018-02-06 11:23 | Report Abuse

Hi.... Everybody still OK?

Posted by keyin > 2018-02-06 11:29 | Report Abuse

Die

Posted by Chia Foo Lim > 2018-02-06 11:55 | Report Abuse

no eyes see

Posted by LuckyG > 2018-02-06 13:08 | Report Abuse

still haven`t bought back yet ...... hahaha i sold 40% near 1.36-1.39

Posted by LuckyG > 2018-02-06 13:11 | Report Abuse

for sure i will buy back . confident johotin doing better and better

Posted by LuckyG > 2018-02-06 16:26 | Report Abuse

no drop now nice ?

Posted by WaAdaLui > 2018-02-06 17:13 | Report Abuse

Aiyo. Rebound le

Posted by newbie009 > 2018-02-06 17:14 | Report Abuse

strong support at 1.25!

Posted by LuckyG > 2018-02-07 10:17 | Report Abuse

today so many sellers lolx

Posted by pc_FA > 2018-02-07 12:43 | Report Abuse

JOHOTIN的基本面分享和Q417预测

股市近日血流成河，特地加了基本面分享让大伙儿多点专注生意，远离股市。基本面的重点的是企业的财务基础及其营运流程，所看的是它们是否健全及顺利，两者互相支撑及互相辅助。财务营运良好者即能为企业创造更多盈利，更能成长进步及回馈股东。而这一切都得取决于管理层的努力，领导及决策。

如果以上条件都符合的公司，我们会称之为优质股。优质股拥有一些特质，如冷前辈指出：有成长，强现金流，高股东回酬，合理本益比，派股息。现在让我们以这些特质从新解读今天的柔佛珍，看它是否还是一颗珍珠。

成长：管理层的扩充计划已经在上一篇列出。除了内部努力，外在的因素如人们对产品的需求也是重要一环。Diaries消费品可以说是很稳定的一门生意，如今Johotin已经越过了dairies的生产门槛，接下来的努力应该是积极维持和提高质量及品牌。看每一季的季报，管理层都会提及dairies的high demand和growing，如果继续把握商机，必能蒸蒸日上。

现金流：强劲现金流必须要有多余的净营运现金，那才能让企业有空间发挥。一般来说管理层有三项选择来运用多余现金：扩充，还债，派息。Johotin在这方面是三管齐下。扩充上篇有提到，努力不曾间断。还债更是积极，尤其是这两年，债务单单在2016即从107.5mil减至66.4mil。而20173Q里继续降低至46.3mil。手持现金则在这期间从36.9mil增至57.6mil，晋升为净现金企业。除此以外，它也不忘年年派息。

股东回酬：此指标用作衡量管理层如何利用股东们的每一份钱及资源。
2015年 = 17.3/194.8 = 8.8%
2016年 = 36.1/225.1 = 16.0%
2017年 = 预计12~15%
以上%解释说管理层能将你投入的每10块，每年创造80cent ~ 160cent的价值。

本益比：以今天计算大约10~11，算是合理。
股息：每年2～4cent股息。预计债务进一步降低后股息会随着稳定或进一步提高。

Q417 业绩预测
对我来说这一季的业绩有两个不确定性：
1. 马币升值带来的影响
2. 管理层是否还会拨备坏账

对于汇率，有人说Johotin是出口股（大部分USD)，马币强会影响盈利。有者则说升值可以降低它的原料进口成本，有利。谁是谁非？我们还是看数字吧，以下是过去7个季度的汇率波动，gross profit margin以及外汇盈损的数据。

Gross Profit是营业额减去成本（原料及人力）的金额，观察此数字或许可以给我们成本影响盈利的方向。从以下数据看，不难发现在马币走强期间，GP margin普遍都很稳定于14~14.5%，虽说成本减低但利润也随着外汇走低。但如果在单季内马币转弱，尤其是低于上个季度很多时，那margin会升高至18%，这可能是低买高卖的原理（Q316和Q416）。但如果马币长期处于弱势，那margin就会因高成本而下降，就如Q117只有12.5%。

至于外汇盈损，johotin有自己的自然缓冲。管理层会将receivables及payable (大多数是USD)的差额做short term foreign currency forward contract来降低外汇风险。最近几季来看都做得蛮好的。个人对Q4还是有点期待，营业额应该会继续升。但基于最近世道不好，保守估计140mil。

在没有坏账拨备的情况下：
Gross profit ~ 20mil (14% margin)
Expenses ~ (4 + 3.5) = 7.5mil
PBT 保守估计 ～ 12.5mil
PAT 大约 9.5mil (EPS 大约3cents)

Gross Profit Q116 to Q317
Note: Gain on disposal Of PPE is deducted

Q116 USD 4.28 to 3.96
GP 13.4/91.58 = 14.6%
Foreign Ex = 0.23mil

Q216 USD 3.96 to 4.06
GP 16.6/115.35 = 14.4%
Foreign Ex = 3.05mil

Q316 USD 4.05 to 4.13
GP 21.6/115.8 = 18.65%
Foreign Ex = 0.15mil

Q416 USD 4.11 to 4.48
GP 22.3/118.7 = 18.7%
Foreign Ex = 0.09mil

Q117 USD 4.48 to 4.41
GP 12.9/102.6 = 12.5%
Foreign Ex = 0.89mil

Q217 USD 4.41 to 4.28
GP 18.0/123.4 = 14.5%
Foreign Ex = 0.13mil

Q317 USD 4.28 to 4.20
GP 18.75/132.9 = 14.1%
Foreign Ex = 1.27mil

声明：本人所有帖文均是为个人投资功课做记录以方便将来跟进，所有分享皆属个人观点。读者请自行检测数据及分析。

***取自<小商人>FB专页

Posted by LuckyG > 2018-02-08 10:04 | Report Abuse

anyone got news to share ? look at the transaction should have something

Posted by WaAdaLui > 2018-02-08 10:56 | Report Abuse

Dun no wo. Good or Bad?

Posted by LuckyG > 2018-02-08 11:10 | Report Abuse

Should be good news

Posted by husky88 > 2018-02-19 10:14 | Report Abuse

Need hold another one or two year .

Posted by mrinvestor12 > 2018-02-19 10:57 | Report Abuse

http://www.mrinvestor12.com/2018/02/johore-tin-berhad-7167.html

Posted by WaAdaLui > 2018-02-21 16:06 | Report Abuse

是不是有好消息要公布？

Posted by keyin > 2018-02-22 09:55 | Report Abuse

Got news also can't fly higher, lol

Posted by LuckyG > 2018-02-22 13:06 | Report Abuse

What news ? Got announcement ?

Posted by Coolbird > 2018-02-23 16:11 | Report Abuse

this counter made me very confuse,lose my all decision power

Posted by Coolbird > 2018-02-23 16:11 | Report Abuse

my everage 1.56...how to play now o

Posted by sapurakencana > 2018-02-23 23:00 | Report Abuse

if u r long term investor,be happy,dont worry.i already hold for 7 years & collect durian runtuh (dividend every year).

Posted by VincenT Low > 2018-02-24 14:15 | Report Abuse

Is anyone seen the able diary sell in any where? Sundry shop ? Tesco ? Giant ? Chinese medicine shop ?

FYI malaysia contribute 25% of revenue of diary product. 125 mil per year. So must be selling some where else.

Posted by LuckyG > 2018-02-24 16:50 | Report Abuse

seen once when i in mamak . they use the "BOLEH" brand condense milk

Posted by wakarimas > 2018-02-26 09:14 | Report Abuse

qr coming soon?

Posted by boon1515 > 2018-02-26 22:14 | Report Abuse

latest by Wednesday

Posted by Kalaihselvan Krishnan > 2018-02-27 10:11 | Report Abuse

Don't Understand why they want drag till last day of the month

Posted by wakarimas > 2018-02-27 10:13 | Report Abuse

if drag normally result bad

Posted by Kalaihselvan Krishnan > 2018-02-27 11:36 | Report Abuse

I have same feeling.hope I am wrong

Posted by AliCafe > 2018-02-27 11:50 | Report Abuse

qr today

Posted by desmondcsh > 2018-02-27 18:51 | Report Abuse

tomorrow gap down 10 cents?