Another undervalued furniture stock that cannot be missed ! The company will declare 10 sen dividend which translate to 6.67% yield. Further, it still trades below its NTA of RM1.61 (Current price is RM1.50). It is also a net cash company, about RM15 mil cash (or 30sen per share). Prospect is good ! Start to turnaround
CCCL, YES....I have started to take profit in Pohuat, but it doesn't mean the share price will not move up. I just feel sure Huat Huat is a bit undervalue.
CCCL, this is nothing "new". SHH is already turn around with net cash posiiton, similar to Hevea last time....Currently, it is still trading with low PE , nelow NTA with high dividend yield. Execuse me of not detaling all the numbers. You guys should do some howework.
hmm, reached book value rm1.6 liao, can let go bit by bit, but if u consider to revalue the factories that SHH bought in 1994, there's no prob to wait till rm2.
Furthermore, according to theEdge screener, there is high possibility of corp exe, i dunno this holds true or not.
Recall that Teo bought 11% of shares from the sec large shareholder Nagadbb.
-SHH Resources is mainly engaged in manufacturing and sale of solid wood furniture and exports to the US. As an export oriented company, SHH is one of the beneficiaries of US economic growth.
-SHH better margin had been contributed by it's in-house processing of the timbers and woods, which had been a definite boost for the company operation profits.
-Benefiting from US economic recovery and Ringgit weakening; Having majority of the sales denominated in foreign currencies, mainly USD, expect the strengthening of the USD against the Ringgit Malaysia to boost the group’s bottom line. The weakening of the ringgit against the greenback in the recent months was good for local furniture exporters as Made-in-Malaysia furniture was becoming cheaper for US buyers.
-Attractive dividend yield of of 6.17% (A final dividend of 10 sen per share will be reward to shareholders in October 2015).
-Strong balance sheet to withstand external shocks. It has net cash per share of 31 sen (Based on 49,998,00 shares).
-Strong coming 1Q 2016 with stronger revenue.
-Undervalued land and properties with properties valuation done back at 1994 to 1996. It has fully integrated furniture manufacturing facilities on 17ha in Pagoh, Johor. (Pagoh Education Hub is located 3km from SHH manufacturing facilities)
rica7894, how do you know divindend of 10sen will pay in Oct 2015? how do you know 10sen? SHH hv'not announce yet, land & properties was undervalue, where you get this info?
For the financial year ended 30 June 2015, the Directors have recommended a first and final tax-exempt dividend of 10 (ten) sen per share for shareholders' approval at the Company forthcoming Annual General Meeting.
a. Type of dividend : First and final b. Amount per share : 10 sen (tax-exempt) c. Previous corresponding period : 2 sen (tax-exempt) d. Total dividend for the financial year : 10 sen (tax-exempt)
The dividend entitlement and payment dates for the proposed dividend will be determined, and thereafter announced, at a later date.
i dun understand, if company A take over company B, both companies shares will shoot up right? or company A will shoot up and Company B will drop since company A is the one taking over, so A's shares will go up? company B's shares will drop because the staff will become POWs? hehehe...like in movie?
SHH Resources: Keen to acquire smaller peer to expand business.
SHH Resources Holdings is banking on M & A to expand its business while boosting its production capacity to meet increased demand for furniture. "In fact we're talking to a few smaller non-listed companies," executive deputy chairman Ling Hee Keat said. However, Ling has ruled out acquiring local listed furniture firms, as he doesn't see any potential fit to its current business. (Sun Biz).
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....
Chang Han Toong
27 posts
Posted by Chang Han Toong > 2015-09-18 20:24 | Report Abuse
Should be retrace le