Company business not good nowsday with old fashion products. But company director keep buy back their shares. Seem like they are confidence in their future. What ur opinion?
Monday, 5 Dec 2016 1:02PM BONIA CHONG CHIN LOOK (180,000 units Acquired) Friday, 2 Dec 2016 1:27PM BONIA CHIANG SANG SEM (502,600 units Acquired) 1:27PM BONIA CHIANG SANG SEM (684,600 units Acquired) 1:26PM BONIA CHIANG FONG SENG (182,000 units Acquired)
Additionally info, the Group holds the license to distribute these other brands – Santa Barbara Polo & Racquet Club, Austin Reed, Valentino Rudy, Jeep, The Savile Row Company, Braun Buffel, Pierre Cardin, Bruno Magli, Enrico Coveri, Renoma Café Gallery and Renoma.
Hold many licenses good for the company to increase revenue. This will also benefit to share holders for long term investment. Share price will sure increase...
Yesterday Pavilion Coach got private function...a lots customer... Bonia shop fewer... But Bonia product start coming out with normal acceptable one instead of illusion style
Have you guys ever wondered why the directors keep on acquiring the shares of Bonia? Based on the last quarterly result, after excluding one-off gains from the disposal of PPE, the Group actually recorded improved results of RM5.1m compared to previous quarters.
So question, how can the Group report higher profits when the revenue fell and its not a shopping season? It is because as reported in the news, if anyone is aware, the Group has begun cost cutting measures by closing down non-profitable stores.
That being said, the Group is also working on improving its revenues by aggressively promoting its core brands, Sembonia, Carlo Rino, Bonia, etc.
Therefore, I definitely see a hope in Bonia to stage a comeback. Unlike Padini who sources its products from OEM, Bonia designs and manufactures its very own brand. This is a very strong point in fashion lndustry as Bonia is able to quickly adapt and change its designs according to fashion, while Padini is heavily reliant on its OEMs.
Will there be a surprise jump in profits the coming quarter? I definitely feel so as the Nov to Dec period is shopping season with year end sales and Xmas sales.
I personally believe the owners of Bonia have a very strong reason to accumulate so much of its own shares over the period. Positive results of cost-cutting measures have been observed in the last quarter as I have explained above and this will continue. Plans to expand and grow in Vietnam and Indonesia is also on the way as these countries have much higher population compared to Msia, especially Indonesia. It is a market that Bonia is aware it cannot ignore.
With the current price, many investors are not keen to buy as common investors are always late to spot the opportunities until the price have moved up.With the price now at all time low coupled with the assurance that the directors acquiring the shares, I believe these factors offer great reasons to buy into Bonia now.
Eric, their profit in the latest quarter is 1mil more than previous quarter excluding gains from sale of PPE. And when you mentioned the shops are empty, its because they have online stores, where people can shop easily. for those stores that have no customer, they will close it down.
Wondering if you're one of those investors who have bought Bonia at high price and now are stucked, feeling trapped, hence holding grudges against this counter.
Bonia looking good despite all major counters down. Gradually customers will see value in the branding and quality of the products. With some marketing and promotional activities, people will soon appreciate the brand name.
209291 - dun BS here la. I also can simply say news will bring up to RM1 la. blow water only ma, where is your sources? without any basis, any tom dick n harry also say can takeover the company now la. talk nonsense
What an outstanding performance by Bonia today towards mid afternoon trade. Many have already asked me how did I find this gem. It requires a lot of observatory skills and most importantly, patience.
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....
Banana John
240 posts
Posted by Banana John > 2016-11-01 20:04 | Report Abuse
seems below 0.60 soon