"YOCB derives most of their revenue from all these premier stores rather than from its own outlets or instituition"

We have a chance to talk to the directors after the AGM, the MD was very happy that they are already making 'good' profit from the 16 Home's Harmony outlets and intend to open up more. If you look under section 30 page 81 in the 2013 annual report, the column under "Retailing" is the performance of Home's Harmony. RM27,013,000 RM2,748,000 in revenue and profit repestively.
It is significant increase from 2012 and I would agree with Mr. Chew that it is 'satisfactory'

The other regret I have is we cannot agree on the "earning quality of YOCB".

My simple mind tells me that YOCB will be able to maintain its earning in FY2014 and the TA forecast of FY14 EPS of 14.6 sens is a bonus to me.

At yesterday closed price of 95.5. the PE is 7.55(EPS 12.65) or 6.54 (EPS 14.6). This is attractive to me.

ipomember,are you from Ipoh? or IPO --> Initial Public Offer?

Well said on negative cash flow & FCF which I don't want to repeat

Let me address your concern whether YOCB has a 'FRANCHISE' by hightlighting the following in TA report.

"among its clients in the hospitality-based segment include leading
global hospitality companies like Hilton, Ritz-Carlton, JW Marriott, Westin,
Renaissance, Parkroyal, Eastin and Mandarin Oriental.
Backed by almost 5 decades of hands on experience in the industry, YOCB has
built up its reputation for its quality and brands. It is a market leader among
about 20 local players in the industry, commanding more than 30% of the local
market share.
Over the years, YOCB has won numerous awards and recognition, especially
from its consignees for quality excellence and outstanding sales performance,
as shown in Appendix Exhibit 7."

It was my major concern as well before I decided to buy and willing to hold for long term

faberlicious, everyone have their own opinion. Time will tell!

There is no question about YOCB being a gem. It is in consolidation phase now. I can see that they are going to chalk up good next 2 Q results due to the coming festive session. I beleive they have more leg in it. Buy on weakness

AT PE : 8

brendonyeap, TA - TP : 1.24

Hi rookie8833 TA research is very comprehensive. I have it in pdf format but I don't know how to post it here. I attended YOCB AGM and visited Home's Harmony in Publika also yesterday.

TA securities recommend YOCB TP : 1.24 today

Hi aunloke, I need sifu like u to point us in the right direction although I did a lot of homework after that. It sure looks like the best found of the year for me. Thanks again! Let 's enjoy the ride now

maggitan, YES, the counter will only Ex-dividend on 2/1/2014

Thanks to aunloke who introduce this gem to me. ktrader this rocket engine is vrooming now

aunloke, Look like it is time for YOCB to resume its uptrends. Q results on track and PE still very very cheap

2 sens dividen to be paid on 6/01/2014 and expecting another round 6 months from then

Expecting one more 2-2.5sens dividend by 3rd Q. Making a total of 4-4.5sens => 4.59%-5.17% yield at 85 sens per share.

Good results to me but CIMB thinks otherwise!
http://klse.i3investor.com/servlets/ptres/19601.jsp

http://klse.i3investor.com/servlets/ptres/19601.jsp

Good results to me but CIMB thinks otherwise!

Thanks Aunloke. I was away for the whole week. Just came back to office today. 2 sens dividend & Kenanga TP of 1.01 are reasonable. The market is responding to that. The dividend announcement should be soon and before AGM

Anyone, aunloke?,have a TP or any expectation on the coming dividend announcement?

only started buying yesterday & did a bit of panic buying also today. EPS 12.65 , at 75 PE is below 6. Healthy growth for top & bottom line. Will accumulate more below 75.

I think YOCB is going to announce a good final dividend today

aunloke your recommendation is good. YOCB has taken off

crude oil price is stable now. The higher cost will eventually passed on to the end-users. Prices have been flat for a while. Time to accumulate more now.

aunloke, I agree with you & took a look at YOCB. The financial data looks good but 3 year records are too little for me. abc529, akemi listed?

http://klse.i3investor.com/blogs/kenangaresearch/38303.jsp

Jimmy, you are right. The buying is much stronger than my expectation. Let see if the price can break new high.

Bro Jimmy, how do they derive at an intrinsic value of RM1.08?

aunloke got a point here! however, I don't think NTPM growth will remain constant at 15%. We might see a huge jump in earning on its 3rd or 4th year.

abc529, I agree that there are BIG boy collecting this shares. You are young and time is on your side. Your focus is good and it won't be wrong to hold on to this share for 5 years. Perhaps, you need to consider opportunity cost also.

http://klse.i3investor.com/blogs/kianweiaritcles/37883.jsp

We all agree that the fundamental and growth prospect of the company is good.

The remaining question is at what price are we willing to buy this stock?

The EPS for 1Q is only 1.1 sen, well below the 5 sens estimate for FY14 from RHB. To play catch up they need to increase by an average of 0.2 sens a quarter. RHB is a lot more optimistic than me. If the next 3 Q failed to live up to expectation. Although it would hurt the long term prospect. there could be some selling.

At 63.5 sen, EPS 4.4 sens = PE 14.4. Is that high? EPS 5 sens = PE 12.7. Is that Low?

A dividend of 2.9 is a good pay out rate and that is all we can hope for in FY14.

I would say the current price is fair and looking at my portfolio I have better choice.

very strong buying at 63 sens

Jimmy. I will be very happy if NTPM stay above 60 sens. I am just getting myself mentally & financially ready to buy more if it fall below 60 sens. In fact, 2.9 sens dividend at 58 sens, we will get a nice round yield of 5%.

The chart shows that the price is a bit tire after the recent ran up.

I do agree with SpiderLRT that the company has an excellent track records and that is very important. Yes, abc529, the company has received a lot more attention recently and that explains the raise in price.

The value and potential of the counter has now been reflected by the price. The question is will it take off from here and never dip below 60 sens again? I think the chance is slim. My stand is NEUTRAL. As a trader, I will not take the chance. Will I seell? Not at this price. As an investor, I will look for a lower entry point.

Happy investing!!!

Thank jimmy, great article on ntpm. Well researched and very thorough analysis! I do agree it is a good counter to have in anyone portfolio with great potential, but I am not in a hurry to buy. I will build up a meaningful holding when opportunity present itself.

Hi Jimmy & abc529. I don't know why the price keep going up. I feel the earning need to play catch up with the price. I am not comfortable with PE of 14 now. We are paying too much premium for the 'prospect' of future growth.

If they are sending the message that they will support the share price at 63 sens, I think they are interfering too much with the market. The buy & sell proceed is too little to rattle the bottom line or cash flow of the company by much.

I opine that this is a good stock but not at a good price at this juncture.

cannot understand the logic of buying back at this level and this quantity after selling all treasury shares at 62 sens

Thanks abc529

Ok abc529. Why ntpm sold all its treasury shares at 62?

Interesting Mars. But our toilet paper too far to ease their pain. Ha ha ha

Hi abc529, I attended the AGM also. you must be one of the young smart investors around. Did you join us for the factory visit? The share is doing very well today. the 1Q result is good

very high yield stock. Not much down side. Can accumulate

Eugene91 : Good article Stockinvester : wouldn't be long now.

kcchongnz, GOOD JOB!

4x the chart looking bullish as well

kcfan,I agree with you. We are looking at a higher final dividend also. Perhaps 1.5 sens to make a total of 4.9 sens for the year. The counter is inching toward TP of RM1.

Thanks value. A good company should be able to pass the cost on to the end user and should not let the profit margin erode.

value, are you happy with the results? are you worry about the 'The decrease in profit before tax is mainly contributed
by recognize of costs incurred.'?

4Q results out. anyone any comments?

AGM & results coming end of month. 4 sens per Q (16 sens p.a.) is attainable. At 2.20, the yield is 7.27% while waiting for the new expansion to elevate its earning to a much higher level.

yes expecting good results in coming announcement.The good order book will translate into good top and bottom line for the next few Qs.

FAVCO is a great counter. Excellent buying opportunity now.

Only shortcoming is the relatively low dividend pay-out rate. Hope the situation will improve in the coming Final Q report because of large cash position in hand.