Poh Huat was featured in this week TheEdge....highlighing margin expansion.....very positive.....assuming at PE of 9 ~ 10x (which is the current industry average)...share price could fly to RM2.00 to RM2.23. This was based on latest EPS of 22.3 sen. Should the margin expansion materialise, share price could further fly toward RM3.00 (based on prospect EPS of 30sen)

Still can "buy back" now before you "jump sea" later.....LOL

Opp....just see a "negative" Poh Huat announcement.....the directors sell shares again...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1845417

Icon8888, since it is "far exceeded your expectation"......what are you waiting for ? One must learnt to be careful when everybody are greedy (including me)...haha...You must make handsome profit now.....Can disclose your shareholding in Poh Huat.... ?? hehe....You must have the "power" to foorecast the strengthening of USD against RM. Good on you !!!!

I "supposed" to sell at RM1.61....but suddendly hand break, as it move too move too fast.....Will sell if it drops back...start using trailing method from now......All other furniture stock also move up and above their NTA level (like Lii Hen and Lantitude).....start to turn greedy...hehhe....
Should I sell Poh Huat, I will focus Hevea which still trading much below its P/NTA level. Hevea also a furniture counter with net cash position......

1.64 !!! where is the Harimou ?? haha

It looks like not syndicating or speculating. Its year-end better than expected resutls together with the strengthening USD (allmost all its sales proceeds from USD) did attract fund buying. Under current bearish scnario, all syndicators are running out loh............

tangkak88@gmail.com. Thank you

Poh Huat director sold 25,000 shares at RM1.386. Maybe it is time to take profit before buy back later. Nobody else will know better than those directors......CCCL wish you Happy New Year. I totally agreed your statement on the foreign currency earnings to shine....

Thanks Icon8888. Noted your advise. Good Luck in Investing and Happy New Year

Icon8888, thanks your analysis. It is useful. RM1.61 is achievable...but I may take profit without waiting the dividend.....

Sangharimau, please respect comments by others. I am sure you parents did teach you how to respect people even animal like tiger will do that too.....

RM1.61 is the latest NTA/share as per announcement. And it is merely initial value excluding the possibilities land revaluation especially in Vietnam.

http://klse.i3investor.com/blogs/kcchongnz/67260.jsp

Who is talking nonsense ? Close at 1.41. Toward target of 1.61...

We practise "buy low sell high".....while Sangharimau practise "buy high sell higher".....I personally cannot compare to him.....

http://www.theedgemarkets.com/my/article/poh-huats-4q-net-profit-4-rm1105-million

Icon888, can come up your article / update today ? All of us are waiting....

I am a lazy lady. I am waiting kcchongnz to do an update analysis on the furniture stocks. Overall, I believe furniture stocks will benefit from the recent strengthening USD against the Ringgit. Looking its low PE, P/NTA and high dividend yield, I think it is a safe bet. Furthermore, Poh Huat is in net cash position. Bank borrowing was RM34.78 mil against cash balance of RM52.88 mil at Oct2014, down from RM54.7 mil at Oct2013. This could be the main reason they have started to declare dividend to its shareholders. Latest payout ratio is 36%, could be go to as high as 50%. I expect the dividend will go higher to 9~12 sen (or payout ratio of up to 50%) next year !

Dividend before FY2012 and before : 2 sen per year
Dividend in FY2013 : 5 sen per year
Dividend in FY2014 : 8 sen per year
Dividend in FY2015 : 11 sen per year ??? (increase by 3 sen annually ???)

Poh Huat just announced its 4Q2014 results. Results improved by 41.59% !! As expected, the directors proposed another 3 sen dividend ! Total dividend for the year up to 8sen (or yield of 6.15%). NTA per share also increased to RM1.61 (or P/NTA of 0.81x only). PE even lower to 5.83x. They have decided to pay 2 sen dividedn on 6Feb2015, and proposed another 3 sen after upcoming AGM. So, Total dividend soon to be received will be 5 sen !!! Expect the share price to move up by 5sen easily......Merry X'mas !

I share similar view with Icon8888 and pathfinder. Poh Huat had declared higher dividend recenly. From 2 sen previously to 5 sen last year. I expect it will declare anohter 3 sen dividend this final quarter (expect to announce end of this month). Total dividend will be 8 sen in FY2014.

http://www.theedgemarkets.com/my/article/insider-asia%E2%80%99s-stock-day-poh-huat-resources-holdings

Bursa decided to suspend Kinstel and Perwaja next Monday....Will it like MAS ? taking back by governemnt as it is "too big to fail" ?.......If yes, then buy buy buy.....it won't go too low.....MAS is flying back.....same with Kinstel and Perwaja

Poh Huat announced second interim 2 sen dividend very last minute. Poh Huat financial year ended at 31 Oct. I should expect they declare the final dividend of another 3 sen per share in the final quarter (before 31/12/14). Total dividend should be 8 sen for the whole financial year (The have decalred 3 sen in the 1st interim). (Last year declare 5 sen, prior years declared 2 sen per year only)

Director still buying....good or bad news ? Should be good and he is very daring ...

The new director, Lim PT, is continue buying.....He "support" at RM1.36....No wonder it won't drop below RM1.36.....Its 3% dividend is soon to Ex on 8Oct.....Buy before too late....

NTA stands at RM1.54. Assume P/NA of 1.5, target could reach RM2.31

Some white knight coming in....?

Both Hevea and Poh Huat are still trading below their NTA. However, Hevea has not "proof" itself to distribute "growing dividend trend" while Poh Huat was in my radar once I notice it declared "higher than normal" dividend last year (2% previously compared with 5% last year). This has prompted my intention to screw into its accounts and management disclosure policy. Hevea has been trending well, partly due to its private placement recently (This is my guess, cannot confirm this fact). The problem in Hevea is they did not declare high enough dividend to meet my objective. However I still think it is undervaluation....

Hi guys...I think we must look at its valuable (or investable) options here. I need to disclaim myself that I do hold Latitude, Lii Hen, Homeriz, Hevea and Poh Huat. However I have sold Latitude, Lii Hen and Homeriz for profits, due to its steep valuation where their P/NTA are more than 1x or dividend growth could be flat. I sold both those stocks and replaced with Hevea and Poh Huat. I have a "hold" call on Hevea but an "aggressive add" call on Poh Huat. My investment objectives are "cash flow gain" (via dividend) and "capital gain" (via investing in undervalue stocks). Here, we ignore all those academic technical terms of investing which may not relevant in this casual blog.

I just flip its annual report 2013, and noticed an Singapore institutional fund - Pangolin Asia Fund is also holding Poh Huat. Another great investor in town - Fong Siling (Cold Eyed) also hold Poh Huat shares. This will increase our conficence in holding this stock for its dividend income - 7%

Poh Huat has just annunced its quarterly results......I have commented the same in the stock quote....just reproduce here for sharing purposes....


As expected, the company announced its 3rd quarter results early this round as compred to all previous round. It was actually hinted from the "intention to deal during closed period" announcement on 11/8. The company declared its first ever 3% interim dividend this round, which never happen before. It is a great improvement as I think they try to follow its competitor's (Lii Hen) trend by declaring dividend quarterly ! Both Lii Hen and Poh Huat are located at the same industrial area in Muar furniture town.

At a glance, the company profits was doubled to RM12.5mil from RM6.3mil. "The improvement in the bottom line was due to the absence of the allowance for impairment losses of RM5.56 million recorded in the previous corresponding quarter" Disclosed in the Notes. It was a very good news as we know there will have a steady profit moving forward.

Segmental wise, its Malaysia division is improving progressively. However, its Vietnamese division incurred lower profit margin due to "the disruptions brought on by the anti- Chinese riots and loss of factory efficiency arising from the development of new products". Again, this is one-off event and should not concern us. We also can see that its Vietnamese division is still in increasing tread if we compare to its precedding quarter as tabled in Note B2. I noticed the quarterly report has been very transparent and analytical as compared to its earlier released Notes. This show the company is willing to share its business activitties to the investors which is a plus point to existing and potential investors.

The company financial position is strong too. It is technically a debt-free company, given its cash balance of RM50.8mil against bank borrowing of RM46.9mil. I belive it can declare even more dividend in the coming months. Assuming history is the guide on this company where it declared a sepcial dividend of 2% last year and another 3% final dividend in last financial year 2013. I expect the same trend to repeat this year. So, total dividend is expected to 8% (3% declared + 2% special + 3% final). This is no problem given its huge cash balance sitting in the banks.

Let's go beyond this current quarter, and we expect the coming final querter to be similar to its previous final quarter which recorded an EPS of 9.88 sen, the whole year EPS could go to 21.83 sen (11.95 sen + 9.88 sen). Further assume they will follow Lii Hen unofficial dividend policy of 50%, I can expect Poh Huat will declare even higher dividend this year of up to 9 ~ 11 sen !! This will translate an expected yield of 7.1% !

As expected, the company announced its 3rd quarter results early this round as compred to all previous round. It was actually hinted from the "intention to deal during closed period" announcement on 11/8. The company declared its first ever 3% interim dividend this round, which never happen before. It is a great improvement as I think they try to follow its competitor's (Lii Hen) trend by declaring dividend quarterly ! Both Lii Hen and Poh Huat are located at the same industrial area in Muar furniture town.

At a glance, the company profits was doubled to RM12.5mil from RM6.3mil. "The improvement in the bottom line was due to the absence of the allowance for impairment losses of RM5.56 million recorded in the previous corresponding quarter" Disclosed in the Notes. It was a very good news as we know there will have a steady profit moving forward.

Segmental wise, its Malaysia division is improving progressively. However, its Vietnamese division incurred lower profit margin due to "the disruptions brought on by the anti- Chinese riots and loss of factory efficiency arising from the development of new products". Again, this is one-off event and should not concern us. We also can see that its Vietnamese division is still in increasing tread if we compare to its precedding quarter as tabled in Note B2. I noticed the quarterly report has been very transparent and analytical as compared to its earlier released Notes. This show the company is willing to share its business activitties to the investors which is a plus point to existing and potential investors.

The company financial position is strong too. It is technically a debt-free company, given its cash balance of RM50.8mil against bank borrowing of RM46.9mil. I belive it can declare even more dividend in the coming months. Assuming history is the guide on this company where it declared a sepcial dividend of 2% last year and another 3% final dividend in last financial year 2013. I expect the same trend to repeat this year. So, total dividend is expected to 8% (3% declared + 2% special + 3% final). This is no problem given its huge cash balance sitting in the banks.

Let's go beyond this current quarter, and we expect the coming final querter to be similar to its previous final quarter which recorded an EPS of 9.88 sen, the whole year EPS could go to 21.83 sen (11.95 sen + 9.88 sen). Further assume they will follow Lii Hen unofficial dividend policy of 50%, I can expect Poh Huat will declare even higher dividend this year of up to 9 ~ 11 sen !! This will translate an expected yield of 7.1% ! Given its current price of still below its NTA of RM1.54, there are no reason of not buying ! BUY !!

Hi guys...do you realise that Poh Huat announced the "intention to deal during closed period" on 11/8 ? I inteprete that it is going to announce its 3rd quarter results before 11/9 !! It should be some "surprised" this round.....buy early before waiting until end Sept. Cheer ! I do beat it is going to declare some dividend this round.....

First target should be RM1.50 (close to its NTA)...chase toward Hevea. Poh Huat declared its first interim dividend last year in the history. We expect it declare the same this round, to be in-line with Muar furniture like LiiHen or Homeritze.

Well analyse academically...! Well done

Pohuat will announce its 3Q results next month....their third and final quarter usually very god\od compare to first and second quarter...price should be moving up toward its NTA of RM1.55 then.....cheer !