I bought a lot of Tomei shares all the way from the bottom. Then all of a sudden, a counter-party took the other side of my orders and dumped so fast that I didn't have time to set stop loss. Failed prop trade. You guys play yourself, I am done with Tomei for a long time. Next time if gold goes up again, I am going to Poh Kong. Don't care about brand name and earnings anymore.
I was attracted to the news at The Edge. The QR published Tomei has the NAT of RM2.07 only. In the recent weeks, the price went as high as RM1.25 probably. Today's closing price is RM1.00 only which is far under valued if the Balance Sheet reporting is surely trustworthy. There are many other companies have their market value far exceeded the book value that can cause distrust among the public.
Unless got anyone has decided to launch a takeover movement, by accumulating the shares quietly, there is no better reason for their owner(s) to purposely dampen the pricing to frustrate the interested party.
Therefore, it is the onus of the owners to catch up/reflect the share price of the company to that of the book value.
There will be dividend payment of 3 sen per share and based on the current published QR the company is seemed to be doing better when compare to other years.
Its 70% holdings in YXPM listed today is worth RM73million where as Tomei's market cap is only RM128million. YXPM only contribute less than 25% of Tomei's PAT. So the remaining business of Tomei, ie mainly Retail is valued at RM55million. which is less than 2X pe.
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....