3 months ago, there's Mr Smart told me don't worry when it was @0.220 start collecting..............After 3 months , Mr Janggut told me again that..........?????
AHB Holding Bhd expects to exit its Practice Note 17 (PN17) status within the financial year ending June 30, 2015, as it hopes to appeal the winding up of a subsidiary.
The premium office furniture manufacturer was classified a PN17 company on November 3 this year after its auditor expressed a disclaimer opinion due to uncertainties on the various effects in the financial statements ended June 30, 2014 in the event of deconsolidation of its wholly-owned subsidiary that has been wound up.
AHB is listed in 1996, its main business is the design and assembly of office furniture, and get good reputation in the world office furniture field. In 1996, the company's stock price is like rocket-like, red from the IPO RM3.90 to RM20. Then, its stock price has been hovering at around RM15 whole year.
However, AHB when borrowing from banks to expand the plant production line, but ran into financial turmoil in 1997, indirectly affect demand for the product, resulting in a loss of business suffered, and within three years, about 80 million ringgit owed a bank loan.
The company had to do something to help themselves, such as in 2001 when he will Selangor, Puchong a 10-acre factory, sold off the world's largest office manufacturer Steelcase company. But because of the terrorist attacks in the United States occurred in the September 11, 2001, leaving to the program could not be implemented.
Eventually a white knight to come forward, reaching out for the company, that were white knight is businessman Datuk Zhang Rongxi, he has acquired through private Dexx Lai Yi Technology Holdings stock, to solve the profit arrears for 17 years warranty.
AHB 2014 issue additional shares Bonus voucher program, successfully raised 21 million ringgit, to repay debt owed by the company and for working capital. At the present, it can be said that the company is now debt free!
After paying off the debt, the company does not have any plans to revert the capital market to raise funds for future development funds will come from internal funds.
Management's current plans to expand export markets in India and looking for acquisition opportunities, and plans within five years to become the largest share of the local market share of high-end office furniture manufacturer. First, the company will set up an office and showroom in India, due to AHB has been quite stable in the local business and international client base of fixed. Next, the company will launch new products. After that, the construction of about 1,000 square feet of showroom and through several local distributors, enhance the company's competitiveness.
Meanwhile, the company will be located in Port Klang to build a manufacturing plant in the year.
The company currently has the same function as a plant in Seri Kembangan, and production work is outsourced to local behalf of the industry.
In addition, the company is the ultimate increase sales in Southeast Asia and Middle Eastern countries, the overseas market is still the company's largest contributor, accounting for 85% of turnover, while the remaining 15% comes from the local market. Customers are mostly business firm orders, no retail business.
The company's management hopes to restore its former glory days, and hope in the future can bring a net gain of about 12 million ringgit annually.
At present, the company's net cash flow RM2,705,714 compared with the same quarter last year, compared with an increase of 950%.
The total debt of RM2,468,909 compared with the same quarter last year decreased by 88.57% compared to.
The company is currently profitable for seven consecutive quarters of net profit for each quarterly report in comparison with the same quarter last year a lot.
The company is the ultimate increase sales in Southeast Asia and Middle Eastern countries, the overseas market is still the company's largest contributor, accounting for 85% of turnover, while the remaining 15% comes from the local market. Customers are mostly business firm orders, no retail business.
The company's management hopes to restore its former glory days, and hope in the future can bring a net gain of about 12 million ringgit annually.
The company is currently profitable for seven consecutive quarters of net profit for each quarterly report in comparison with the same quarter last year a lot.
AHB is going to uplift, management do a good job & USD exchange hit higher record. I don't think need to wait 1 ~ 2 year but can accumulate lower when speculate activity start. Stay tune.
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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....
yahomenelson
149 posts
Posted by yahomenelson > 2015-06-11 17:50 | Report Abuse
since nobody interested in this counter ! :(