can go 8.11 in the long run. Maybe will take 1 year or more but def. can. Now expanding aggressively in Indonesia. Business here and Singapore also doing well.
Bonia is actually quite strong fundamentally, there should be no doubt that by the end of this year it can go up until 5.5-5.8 something. The thing that worried me is that it has a large amount of debt (if compared with Padini), I would rather see Bonia to use its revenue to clear its debt instead of bulking up its net profit to lure the investors in.
Lol will never drop that low la 4.90 Is the lowest support and then push back above 5. This will go on for a while until the 'big boys' deem it ready for over 5.50. Just wait for Q2 results, once good results come out price cannot be supressed anymore.
I dun think the price is high, shall touch 8 before bonus n split. CIMB family ( incl. BigMama) is the supporter. I dun see why it dun reach 8.11 before bonus issue. Padini 10 par value also 2.00 now. Somehow Bonia is still better than Padini as it goes international. Good luck n happy fishing on Monday. Monday shall see a push back 5.50 level.
I men you people read the article or not ... the target price of 1.20 is after the propsed bonus issue and share spilt .. that is 1 share become 4 share moron ... haiiizzz... I am not holding any but it is sick to read this kind of stupid comment
Target RM8.11 (Stock Rating: ADD)Bonia continues to thrive in an increasingly competitive industry, expanding its wings into the regional markets while improving its profitability. Our recent meeting with management strengthened our conviction that Bonia is on its way to becoming a truly recognised brand in the region. A clean balance sheet, improving brand recognition, and an uncompromised focus on overseas expansion provide a solid base for its growth over the foreseeable future. We continue to value the stock at 19.3x CY15 P/E, a 20% premium over our target market P/E, due to its much higher growth outlook. As such, we reiterate our Add call on the stock. Accumulate the stock now.What Happened We recently hosted a meeting for about 10 fund managers with Bonia's management. Management reiterated that the main growth driver for the company over the next few years will be its overseas expansion, especially in Vietnam and Indonesia, although it is always looking out for opportunities in other markets. Bonia is also in the midst of turning around its associate company Braun KG, the owner of the Braun Buffel trademark in Europe, which has not been doing well in recent years. Management emphasised that it will continue focusing on strengthening the brand recognition of all its brands, a key to success in this industry.What We Think We remain highly convinced that Bonia is on its way to becoming a regional powerhouse in the premium retail scene. This is evident from its highly successful entry into Indonesia, with some of its stores turning profitable in their first year of operations even. The strong recognition of its brands, a result of the group's continuous brand-building effort over the past few years, also bodes well for its long-term growth, facilitating an easier access to new markets and increasing its profitability. With a clean balance sheet and an experienced management team in place, we believe Bonia's impressive growth will be sustained over the next few years.What You Should Do Accumulate the stock now as Bonia undergoes a rapid growth pace which will see it becoming a regionally recognised brand in the premium retail segment. With the foundation for growth already in place, we expect Bonia's EPS to expand by 125% from FY13 to FY16, translating into a highly impressive 3-year CAGR of 31.1%.
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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....
wei_meng81
35 posts
Posted by wei_meng81 > 2014-04-18 22:14 | Report Abuse
I should buy more when price below RM5....zzz