As mentioned.........a BIG news in on going.....jump ship...take profit from Perwaja and join Kinsteel celebration !!!

Yap.....take profit in Perwaja and jump ship to Kinsteel...........the big boys are still in Kinsteel boat !!

Don't worry lah.......a BIG 1 is coming.....get ready to take pocket money from the sky....the restructuring is coming to the end.....

This RM20.96 million seems the amount advance to its property subsidiary (PHW) which stated as "Land held for property development of RM20.91 million in its balance sheet. I think it is the accountant's job to transfer the "indebtedness" to "investment". This is to avoid paying interest from PHW to the holding company. It is nothing to do with the bonus issue. I viewed property market negatively. A typical Chinaman company like Poh Huat may use this opportunity to pocket out more money for himself rather than to shareholders.....

Syndicate push up to 0.15 last minutes.....accumulate before they goring again...hihi..

redpeople, you seems know something "news" coming out ? Please share.....thanks

NOT really. Dutaland just broken its trend line.....big players still accumulate, evidence from the low volumn....still can buy before too late !!

m00077, it is US dollar denominated loan of RM39.9 mil (actual is RM40 mil), not US$39.9 mil.....I am on view to look for alternative is that "diversification" to property development is not so "transparent" like the recent 1MDB purchase and sale of land...haha...

Maybe this blog could help us for better stock selection : http://klse.i3investor.com/blogs/koonyewyinblog/76300.jsp

Chinese version from Sin Chew

http://biz.sinchew.com.my/node/115029?tid=6

EPF seems control the price range......they will buy on dip and take profit when move up near resistance level....difficult to move up further because it will be sold down by EPF again....

Poh Huat recent strength for the past 2 years was driven mainly from the strengthening of the USD (from RM3.20 to RM3.60) and increasing dividend payout (from 2 sen in year 2012 to 8 sen in 2014). I believed the current price level had been reflected the news. Let's analysis these 2 factors should the trend be continued. Firstly, I was on view that the USD outlook could stay on current level without much drastic movement. Secondly, should the company continue paying high dividend, price should continue move north. However, it was rumour that the company may want to diversify into property development which could be pile down its cash balance for dividend distribution purposes. The latest balance sheet shows that it has RM20.9 mil "land held for development" where RM6.8 mil are jointly registered under a 3rd party (Note 6 of the annual report). Therefore, I believe the dividend could still maintain this financial year, but may reduce downward next year onward, due to the property project. Poh Huat may not have the competitive advantage to be a property players. Diversification to non-furniture operations also looks negative for me. After taking into various valuation factor i.e PE , NTA and yield, a "hold" strategy was recommended. Anyway, the share price for furniture stocks had been run up for the past 2 years. Maybe we could profit take and look for alternative stocks with better dividend yield ?

?? can explain in layman term ?

better to forgone 3 sen now than 30 sen later

will suspense soon..........limit up upon reopen....buy now before too late....

will suspense soon..........limit up upon reopen....buy now before too late....

buy on rumours...........the Chinese investor has finalised the terms, and agree inject money into it, and revamp the whole op....to announce soon....

Sell to the big boys to goring mah..........no risk no gain...

Sell to the big boys to goring mah............

http://www.theedgemarkets.com/my/article/perwaja-jumps-52-kinsteel-15-active-trade

http://www.theedgemarkets.com/my/article/perwaja-jumps-52-kinsteel-15-active-trade

http://www.theedgemarkets.com/my/article/perwaja-jumps-52-kinsteel-15-active-trade

Weakening of USD.....game over ?

cannot relax......missile launched....

coming............

Any of you go to Poh Huat AGM tomorrow ? Must ask the director to increase dividend payout. In Muar oh...

@Alex Cannot be director lah........he must make announcement to bursa for any transaction...oh...are you refer to the Tay Kim Hau ? he sold shares....

As mentioned in Feb, big boys and margin traders are selling.....it is better to take profit or even cut loss before another round of strong margin call later.....However, long term investors may choose to bottom fish due to its strong fundamentals and increasing dividend trend.

Selling still not finish yet ......?

As mentioned earlier, syndicates are selling lah......short term and margin traders are advised to take profit before the cooked duck fly away. They are taking profits toward RM2.00. Advised to buy back reaching RM2.00 level. TA wise, double top formation mah......

Heavy selling on this stock....syndicates are distributing their shares to the public...beware for short term traders and margin holders....don't let the cooked duck to fly away....buy back at RM2.00 level.....long term investors should stay cool for the dividend....thanks to LPT..

CCCL, are you connected to LPT ? You seems follow his move well...good luck

Technically, once a "double top formation" happened, most likely will drop. Given its high of RM2.40 to RM2.20., expect another 20 sens drop from current level to RM2.00 level before consolidate and rebound.......short term and margin players are advised to take profit. Longer term wise, still worth to hold although it looks relative pricy compared to Lii Hen or Latitude

Lii Hen was featured in FinancialDaily (The Edge) today. PE valuation wise, it is better than Poh Huat while NTA wise, Poh Huat is better. On TA wise, Poh Huat has formed a "double top formation", which indicates bearish with 50% downtrending. Short term or margin players are advised to take profit first...

fattcat, Note 31 of the Notes say "As of the report date, QDB had yet to fulfill their obligation in the recorded consent judgment. The Company have decided to submit enforcement application to the Qingdao Intermediate People’s Court." It means they have not received the money.....too bad...

icon888, I don't catch you.....sorry

The lower raw material price was a result of lower fuel price. BUT the customers will "force" the company to lower the price. (due to competition) So, in a longer term, this export industry will not gain this "abnormal" profit in a long term.....This is what it means.
TGUAN has been very transparent and prodent to impair receivables (RM5.5 million). They also provvide forex loss of RM4.1 million. Thise could be due to the earlier hedged against USD proceeds at a much lower rate.....So, I would say the worst is over for TGUAN. Its NTA per share of RM3.25 together with its dividend should profit a good cushion to the share price.

We should focus on its net asset rather than the profit figure. Its latest NTA/share goes to RM0.47 which is much higher than the current price of RM0.15. The debt restructuring is a good move to clear the cashflow pressure and can allow the white knife to move in and focus the operations. The next issue to look for will be its Rights Issue price and the unit price of the placement amount of RM50 mil. These 2 numbers are important to access the overall stock valuation on this counter. In conclude, it is still a "safe" bet given its determination and government effort to lift up the industry.

CIMB research mentioned to announce its QR on 26th Feb.....Better buy before 5.00pm on 26th Feb.....

Hi, pathfinder, why March 20th ? any special event that can push the price ?
Hi, paperplane, if we apply PE of 10x, based on EPS of 22.30 sen, the price should be RM2.23. Please help to clarify my number here. Thanks

I agreed with you CCCL. Gong Xi Fa Cai.....I like this becasue it is "husband wash" Fa Cai ! I no need to do washing during CNY if he wants to Fa Cai ....haha
Wish me good luck....oil&gas counters will be the next play similar to glove and furniture trend !

CCCL, Latitude has its own story to justify the current market trend. Its half-year EPS has reached 45.3 sen or close to 90 sen per year. So, its prospective PE is adjusted to 6.5x only which is "undervalue" against the industry average. The problem in Latitude is it did not pay dividend. Given its NTA of RM3.77, it is too "risky" for me to look at it.

Somebody is maintiaing the price of RM0.16 with only 200 units done last minute....So, it is not the trap. "They" have not exit. Still a good time to gamble with them. The current price (below RM0.25) is still a good bet ! (Please note Kinsteel has no fundamental at all to talk about, but it is still worth to take the bet....better than going to casino. Buy between RM0.16, Sell at RM0.25, you still have 56% profit against 12% loss (if we cut loss at RM0.14). So, it is 5x bet !

Price trend has coming back......time to accumulate and stay on....I don't normally buy on the "low" as I do not know where is the "low"....but the trend tell me "it will be back" !!!

8wpwtmt8, paperplane, If we discount TA target price of RM2.62 by 20%, the "revised" target price could be RM2.10. It seems like some "promotions" (especially by big boys) on this stock is on going. Just be careful if you are short term trader whose holding period is less than 1 year. I do not discount the TA target price of RM2.62 is unachievable, but it may "not worth" to buy it if you do not hold this stock. I would rate it as "hold" given current price of RM2.20 level. I will wait until its first quarter results announcement (normally end of Mar) before I decide my next move provided the current price trend together with the USD/RM trend still intact. If they do not declare any dividend in the first quarter, chances are they will not declare dividend in the second quarter because second quarter normally is a bad quarter for Poh Huat. I will take profit on this stock then and may switch to oil&gas counters......Oil&gas counters have started to form their base and has started to trending back. This trend movement is similar the general furniture stock trend two/ three years ago.....sorry to say, I never treat my stock as my partner who can be together for life. Stock is just another form of my bf who can change anytime if needed.......

Surprisingly Poh Huat released its audited report so early this round. As commented earlier, its unaudited figure is same as audited figures which comfirm they have taken necessary step to review the unaudited figures before announced to the Bursa.

Note 12 (Derivative Assets) showed that Poh Huat did not contract into any Forward Contract as at 31Oct2014 (as compare to RM6.7 mil as at 31Oct2013). This means they will take full advantage on the strengthening USD currency. However, the recent TheEdge interview (dated 26/1/15) on Poh Huat management indicates that "the benefit of strengthening of the USD currency may not sustainable, as customers may ask for discount to adjust the changes in the exchange rate". So, don't be "too happy", and in fact, must be more worry and "take profit" in view of the weakening USD currency recently.

Another "negative" news disclosed in the Note 31 in relation to the installment / collection of the sales proceeds from the China subsidiary disposal. It showed that no collection so far despite the fact that the purchaser suppose to pay RMB 300,000 installment per month.....

In conclusion : Given its recent surge and anticipating the coming CNY holiday, it is advised to take profit first. Its current PE valuation close to industry average of 10x. Further, assuming they maintain its dividend per share of 8sen, its yield is 3.94% which may "not attractive" for the current risk level !

Buy on rumours Sell on fact.....better sell before seeing the ang pou "dissppear"........After T+3, major force selling on the way........

There should be more good news than bad news....

The sky is the limit !! Anyway, based on EPS of RM0.223, on 10x PE, its fair value should be RM2.23. HOWEVER, based on prospective EPS of say RM0.30 after factoring the USD strengthening and reference to similar furniture stocks like LIIHEN and LATITUDE, we expect the stock to fly toward RM3.00 within 6 months. On caution, we need to see their audited accounts which is expected to release end of this month, to ensure no major deviation between unaudited and audited figures; to see their Forex Forward exposure; and the collection status update on the China disposal. Particular attention to be paid in the Forward exposure. If no exposure then it is VERY GOOD news to Poh Huat to take FULL ADVANTAGE of the USD strengthening !

Was told the deadline extended again.....sure approved ! time to fly to 20 sen from 7 sen now !!