POH KONG HOLDINGS BHD
KLSE (MYR): POHKONG (5080)
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Last Price
1.10
Today's Change
+0.01 (0.92%)
Day's Change
1.06 - 1.15
Trading Volume
10,327,800
Financial
T4Q
31-Mar-2021
2020
31-Mar-2021
2019
31-Mar-2021
2018
31-Mar-2021
2017
31-Mar-2021
Discussions
5 people like this. Showing 50 of 3,799 comments
Gold inventory was RM858million according to latest quarterly(NOV2023-JAN2024) report. At RM1.13, PohKong market capital is now only RM464million.
But, the inventory should be calculated on 31Jan2024 with value RM848million, gold price was USD2039 per ounce. Now the gold price was USD2342, the inventory should be around (2342/2039) x 858mn= RM985.5 million.
Current inventory is around RM985.5 million.
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=227576&name=EA_FR_ATTACHMENTS
Massive money printing(either paper money or bond), high inflation and escalated wars contribute to the gold price going up steadily. PohKong at RM1.13 is absolutely at very low price.
1 week ago
Malaysians pawning their gold possessions for quick cash, at the same time other Malaysian are still buying gold.
Despite the sky-high gold prices, Malaysians continue to buy the precious metal. Heritage Jewellers Sdn Bhd salesman N Murugan said people continue to purchase 916 gold jewellery, with no significant increase or decrease in the number of buyers.
“People usually purchase it for weddings, sometimes as much as three to five pounds of gold. The price for 916 gold could even surge up to RM500 per gram in the days to come,” he told FMT Business.
Jewellery in Malaysia is typically made from 916 gold, comprising 91.6% pure gold and 8.4% other metals. 916 gold traded at RM373 per gram yesterday afternoon.
Meanwhile, home-baker Janice Sillas, 39, lamented over the hike in gold prices as she wanted to purchase gold for her upcoming wedding.
“I have no choice but to buy gold at the current high price. If it keeps increasing, then we can’t purchase gold jewellery in the days to come.
https://www.freemalaysiatoday.com/category/highlight/2024/04/09/more-malaysians-pawning-jewellery-as-gold-hits-new-highs/
1 week ago
The demand for gold has been very hot recently. Gold price will reach $2400 per ounce, I think
1 week ago
Gold can be USD2400, 2500, 3000, 4000 or 5000 and it still doesnt sount as ridiculous as Bitcoin being USD70,000. Gold still got a long way to go.
1 week ago
Bitcoin is just some fictitious number generated from NOTHING by the computer. As such, its value is also NOTHING. It has NO PHYSICAL EXISTENCE. Investing in bitcoin is just a GREATER FOOL GAME !!! Don't be a GREATER FOOL, please. Thanks.
1 week ago
Gold prices are back in positive territory as the latest data showed most elements of producer price inflation in the U.S. economy cooling more than expected.
1 week ago
WOW!!! Gold is USD2392 per ounce even the US inflation is slightly up 0.1%. Escalation in war, massive money printing and dedollarization take charge now.
1 week ago
Last night, Friday in USA market, gold prices fell sharply. A bearish engulfing candlestick. And with a bullish Dollar Index, it signals a short term reversal in gold prices to a lower level for some weeks. Take care guys.
6 days ago
AhBah, remember to add gld chain to your dog for safety of your gld. I salute AhBah
6 days ago
Israel bombed Iran embassy in Syria resulted in killing some Iran senior officers last week. Market expected a escalated war between these 2 countries and bring more disaster. The increasing geopolitical risk in Middle East pushed up the gold price. Until last Friday night, no Iran retaliation and much lower chance in reducing interest rate in US, the gold price dropped from peak of USD2430 to USD2343. It seems geopolitical risk has become better.
Yet, it is a calm before the storm. Iran has launched missiles and drone attacks against Israel last Saturday night.
Due to this, I believe the gold prices will not drop but instead will going up from USD2343 per ounce on next Monday. Peace is the best for the mankind. Gold can hedge against inflation, geopolitical risk, etc.
For your info, Pohkong can make good profit even at USD2000 per ounce.
5 days ago
Yes, obviously more chinese buy gold in both Poh KOng & Tomei recently. Last time, they seem like not so interested in buying gold.
4 days ago
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2 days ago
At USD2370 per ounce, Poh Kong profit margin is extremely high.
smartepf
Poh kong Sell 316 RM395
999 RM410
1 day ago
seems like PK have big stock of gold and PK have range of gold bars under own PK series
1 day ago
Tomei performs well, already up 6 cent in this morning. It is your turn Poh Kong which got better earning power, EPS than Tomei EPS in latest QR.
1 day ago
USD2395 per ounce, Poh Kong profit margin is extremely high. Best financial QR is expected.
9 hours ago
Buy any gold ctr to protect and to preserve our hard earn moni during this current troubled times throughout the world ? 🤑🤑🤑
9 hours ago
I told my wife got no money to buy gold.. So i put 20k units here to test since last week..
7 hours ago
Since i still saw a lot of people are rushing into pawn shop. Still many people are rushing to gold shop in my area.. especially the C race..
7 hours ago
Buy gold, veri safe. Long term basis, guaranti to go UP, cannot go down to ziro ?
Gold ... guaranti long term winner, 100% certainty !!! also with 100% margin of safety ! 😁😁😁
7 hours ago
when war start do you all think stock marker share counter will flood in red ,poh kong will it be escape from it
Any comment.....
6 hours ago
During uncertainties, precious materials are the safetest bet. No doubt about that. Even oil counters also cannot beat gold. Looking back at covid19 pandemic, precious materials can go up, but not oil. Oil tanked like mad.
6 hours ago
The Middle east war is starting engine now with Israel begins retaliatory strikes against Iran, Iraq and Syria.
https://www.youtube.com/watch?v=1_472OVQtAM
6 hours ago
Israel has carried out a strike inside Iran, US official tells CNN, as region braces for further escalation
https://edition.cnn.com/2024/04/18/middleeast/isfahan-iran-explosion-intl-hnk/index.html
6 hours ago
looking at the inventories of PohKong & Tomei from the Balance Sheet, it seems PohKong has more inventories which will translate into better profit in the future, not expecting price of gold to subside in the near future.
5 hours ago
Within the last 30 days, Gold price went up from RM320/g to RM370/g.
Within the last 60 days, it went up from RM310 to RM370/g.
Check the Balance Sheet of these 2 counters, the inventories are materials related to Gold and which will be a big unrealized profit when translated to current market value.
5 hours ago
Take a look at their NTA, both are higher than their CMV of the shares.
If the company is truthful/honest, without any perishable items in the inventories, limit up is unavoidable.
4 hours ago
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it's most recent EPS also beat TOMEI
1 week ago