Haio has Net Cash RM135 million in bank after deducting borrowing. They can afford to increase dividend yield to 5% to shareholder if they want. Conservatively, the stock should worth at least least RM5.50 (EPS 6.6 x 4 quarter =RM26.40 P/E 22). I have assumed that 4th quarter result is flat which is highly unlikely.
I did agree with yiniugongxiong base on Haio NTA only RM1.10 per share, if the competitor plan to take over entire company(privatise), i think they only willing pay 1.7 time to 2.5time of NTA as what yiniugongxiong said. But if share still can trade in share market , market will decide the future value of this company.
Althought overall net profit increase RM4 mil compare previous year quarter,but revenue & net profit for MLM decrease 4.9% & 15% respectively.pls take note.
Administration cost(RM6.62mil) & selling & distribution cost (RM13.58mil) keep on increase when revenue keep on droping.
Wholesale division revenue increase 20% due to higher sales generated from Chinese medicated tonic and Chinese tea(during chinese new year festival).Pretax profit increase double due to gain from resale of treasury sales amounting to approximately RM 2.0 million. If this 1 time gain reduce from net profit RM19 mil,the actual net profit should be RM16mil to RM17mil, pls take note.
i question we need to ask,for the coming quarter (Feb to Apr 2018),due to no festival within this period & may be no promotion like last year & GE wil be take place within this quarter.will consumption maintain as previous year.
what i concern is revenue drop for the continues 2 quarter,wil this trend continue for the coming quarter.
Kenange Call Target price RM6.00, what is the basis ? unless revenue & net profit keep on increase for the coming quarter.
Base on EPS 20.16 cent, PE = 23 . I prefer maintain maximum TP RM5.00 until end of the year . 26/03/2018 10:57
Hi everyone, today marks the last day of Sifu at here. Sifu is sad to leave you guys, but Sifu will keep Sifu's word. Sifu hope everyone is happy and when this stock regains back to 5.50 and reach higher top, hope you all would still remember Sifu.
Sifu not losing money, just losing heart. Wish everyone 發 發 發 and stay happy forever !!
dont you see management keep on buying back their own share when other are sell off so rapidly, so dont blaim them because Mr Tan already do their best to protect the minority investor.Cheers Tauke Tan.
I have cleared all my stock. I dont see company buy back as a good move. How can a company rely on own buy back while all the other investor cabut lari??
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....
Najib Zamry
859 posts
Posted by Najib Zamry > 2018-03-26 17:33 | Report Abuse
Haio has Net Cash RM135 million in bank after deducting borrowing. They can afford to increase dividend yield to 5% to shareholder if they want. Conservatively, the stock should worth at least least RM5.50 (EPS 6.6 x 4 quarter =RM26.40 P/E 22). I have assumed that 4th quarter result is flat which is highly unlikely.