YOCB was trading at a high of RM1.39 before crashing to a low of RM0.80 in December last year. It has been hoovering at the range of RM0.80 to RM0.90

Business Overview:

Primarily Engaged in design and manufacturing of home linen and bedding accessories.

The company markets its product worldwide.

Balance sheet:

Sitting on net cash and investments of RM30 million while having borrowings of RM12 million only.

Strength:

SGD and USD in upward trend which the company is benefiting from it. Below is the abstract from annual report pg 86.

EPS at 2nd quarter =6 sen, full year expected 12 sen or more.

Dividend = 4 sen. Yield = 4.6% at RM0.86

The company's profit margin, ROIC and ROE is at 10% , 14% and 12% respectively. 

Current NTA=RM0.99, which gives dividend yield of 4%.

If the company payout more dividend than last year, there will be upside surprise. 

Downside of the share price will be RM0.80, 52 weeks low.

Weakness:

Implementation of GST will hamper consumer consumption, which affects the revenue in short term.

Conclusion

TP=RM1 and above, depending on the coming quarterly result.

Downside RM0.80, which is trading below its NTA of RM0.99.