Sifu milosh, my stock price of Tomei at 1.10 but i will hold till end of 2021. Once MCO is lifted i guess the will move up north What is tp for tomei. Pls advise sifu tq
hui: im not sifu, but from my point of view, tomei is undervalued, price of gold just confirm end of downtrend - start uptrend, economic situation help increase number of transactions (tomei profits from both buy/sell - increase revenue), inflation, basel III, strong and improving fundamentals, etc ...
Gold slid to its lowest in over a month on Friday after a strong U.S. jobs report boosted expectations the Federal Reserve could begin tapering its economic support sooner than previously anticipated.
Spot gold fell 2.2% to $1,763.96 per ounce by 1:50 p.m., after touching its lowest since June 30 at $1,757.70.
I just buy some more, in 2 weeks time there will be results out, which will show tomei even during MCO made a nice profit, expecting EPS 4 sen which indicates fair value at around 1.5 rm
Sifu milosh if EPS 4 sen X 4 quarters = 16 sen/share. You are expecting PER at 9x. My enter is 1.15 for 10,000units. Should i buy at support level at 0.905 of 10,000units. Pls advise Sifu
hui: I cant give any investment advices, dont have license for that. Your decision should depend on your risk profile and buying power. I am in a minus right now and keep on averaging down on any weakness. For me tomei is a good investment longterm as their fundamentals are improving and it is trading with a very low trailing P/E. Even when counting with the current prices of gold, tomei should (once shops open) deliver at least 20sen EPS.
ValueMe: the last EPS was 9.93 and you are right next QR will be less, but even with 60% EPS decline, tomei is heavily undervalued. Lower gold prices are long time priced in already, it was actually very overdone.
People buy jewellery by trying it on at the outlet/ shop and see how beautiful they look. Cant choose suitable jewellery by buying it online. Outlets not open, stock price will plummet. Gold price drop, stock price will plummet regardless of low PE ratio. Same thing as teoseng which I bought when it had a low PE ratio when Kyy was promoting teoseng a few years ago. Look at Teoseng pe ratio today. Who likes to buy jewellery online and try it at home? Kyy?
my reasoning is, if someone needs to sell or buy gold, they will not simply "cancel" their plan because of FMCO, they will wait once shops open ... and gold counters make mostly money from transactions -> more transactions = higher revenue = higher earnings, independent of the price of gold (but yes, high price of gold improves margin)
Renewed vigour for Malaysian jewellers as gold maintains a short-term uptrend and the latest development in the National Recovery Plan which enables jewellers to reopen in states with over 50% of adults fully vaccinated.
I really dont pay attention to negative comments / low target prices, I decided on tomei a long time ago and will not change my mind ... gold price is at elevated levels (see gold chart 2 and 5 years first before comment), shops reopening, fundamentals strong, people will trade gold a lot since they were unable to do that during MCO etc. etc. my target is around 1.5rm
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....
Slc1
855 posts
Posted by Slc1 > 2021-07-19 10:06 | Report Abuse
Agreed, milosh.