MCO also finish, you need apa test kit, test apa. 0 case, test who. Who is STUPID now?

nexgram cant be trusted, only sorhaI BUY their share to go holland

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see you all at 0.44-0.45 later ya, angry soul

hehe

property sector recover

remember, boh lui dont play stock. MARGIN CALL like gloves will kill you

kakaka. angry soul in HWGB envy me make money in RGT

div 5%, why you worry, hold je

as long as div continue good >FD , im happy. Selangor govt, cant die 1

good stock for longterm. be patient

kaka, today push to 0.60 oh, you all boh luilah, need to wait other shark comein to push it. Later i que sell half at 0.60

Angry soul sold all yesterday, that's why so furious

wow, angry soul bought at high, panic alredi

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Losers remain losers. I saw many angry soul here, panic selling today. Wakaka

U guys are poor bastard
Push to 0.60 also cant do, so poor

And he wanna blame who now? Hehe

THE Covid-19 pandemic that has brought global economic activity almost to a standstill has affected many export-oriented industries in Malaysia. The furniture-making industry is one.

Since the start of the year until mid-March, the share prices of furniture makers have been on a downward trend as the pandemic made its way across the globe. Many furniture makers saw their share price plunge to five-year lows during that time.

This has turned valuations highly appealing for some furniture makers listed on Bursa Malaysia, raising the question: Is now a good time to start accumulating furniture stocks, which have been trending upwards again?

Will demand for furniture recover soon, however, to boost the incomes of Bursa-listed furniture makers?

According to Khoo Yeow Chong, president of the Malaysian Furniture Council (MFC), furniture makers are expecting a V-shaped recovery in demand for their products.

In a response to a question from The Edge on how long it would take for demand for furniture to recover post-global lockdowns, Khoo says 42.9% of the industry expects recovery in the first half of 2021, but this will come after a painful 2020.

“The MFC conducted a study earlier this month and the industry is projecting losing slightly more money in 2H2020 than in 1H2020, owing to uncertain global prospects,” he says.

Between 58% and 62% of Malaysian-made furniture are sold internationally, with the US being the largest international market, comprising 42% of Malaysia’s furniture export demands. MFC data shows sales to the US totalled RM4.68 billion last year.

Other major export markets for Malaysian-made furniture are Japan, which comprises 7.3% of exports, followed by Singapore (7%), Australia (5.3%), the UK (4.9%), India (3.4%), Canada (2.9%), the Philippines (2.6%), China (2.4%) and Saudi Arabia (1.8%).

In 1Q2020, exports to Japan, Singapore, Australia and the UK dropped year-on-year, according to MFC. During the quarter, however, exports to the US, India and Saudi Arabia were higher by RM628.7 million y-o-y.

Nevertheless, should cases of Covid-19 continue to be suppressed globally, a V-shaped recovery is expected in 2020 itself, says Khoo. “This optimism shows the furniture industry is resilient and will recover more quickly than other sectors.”

Among the Bursa-listed furniture makers that have attractive valuations is Poh Huat Resources Holdings Bhd. As at May 20, Poh Huat was trading at five times trailing 12-month (TTM) earnings, which gives a dividend yield of 7.75%.

Granted, the Johor-based furniture maker has yet to report a quarter in which its operations were affected by the Covid-19 pandemic and the subsequent global economic shutdowns. Its latest quarterly result was for the first quarter ended Jan 31, 2020 (1QFY2020), which was before the pandemic.

It is worth noting, however, that as at Jan 31, 2020, Poh Huat’s cash and bank balances stood at RM127.85 million, slightly lower than the RM133.08 million it had in the corresponding year-earlier quarter.

Its short-term borrowings amounted to RM17.9 million, with zero long-term borrowings as at Jan 31, 2020. This means the group is sitting on a net cash balance of RM109.95 million.

With total issued shares of 231.1 million units, Poh Huat has net cash per share of 47.6 sen. This means almost half of its share price of RM1 as at May 21 is made up of net cash.

When contacted, a company representative declined to comment on prospects of the group and its strategy to keep itself afloat during this trying time.

In the notes accompanying its 1Q2020 financial results, however, Poh Huat stated that, as the repercussions of the pandemic are still unfolding, the group is unable to predict its full impact on the global furniture trade.

“We are preparing ourselves for the worst-case scenario of a significant drop in demand, supply disruption of materials routed from logistical hubs in impacted areas as well as labour issues due to quarantine procedures or illness,” the group stated.

This cautious outlook could stem from the fact that more than 90% of Poh Huat’s revenue is generated from North America.

While the company is being very cautious in projecting its future performance, the MFC is more optimistic about the furniture industry’s future. It says because of the Movement Control Order, many people upgraded their home furniture because of an increase in usage.

“Moreover, there has been a shift in consumption of office furniture, with the onset of Covid-19 and social distancing. Office chairs have seen an increase in sales, owing to the new culture of working from home,” says MFC’s Khoo.

There are only two research houses that cover Poh Huat. On March 30, TA Securities assigned a target price of RM1.11 on the stock with a “buy” call; Affin Hwang Investment gave it a “sell” rating, with a target price of 62 sen.

TA Securities likes the company for its healthy balance sheet and decent dividend yield. “We believe Poh Huat’s healthy balance sh

it means what, hehe?

BETTER RUN FOR YOUR LIFE, LOSERS

U-TURN LIAO

U-TURN LIAO

U-TURN LIAO

5G spectrum U-TURN

RGTB alredi 100% from my cost, free shares. unless it drop to 0 loh. then i earn 0, else i win

it means price overvalued with so many speculative money=because some GURUS ask ppl keep using margin speculate. So, this is what you get chasing loh. good luck those newbies

aiyo, ask you all buy up to 0.60, you all panic chicken sell it. so stupid

0.55 also you all cant break, real boh lui

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https://www.altel.my/personal/about/aboutus/

hehe, now i know what happen

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im so disappointed with you all. poor bastard. 0.60 miss also today

where got negative, I que at 0.60 leh, expect it to go up leh

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maybe KYY should follow me, and call me SIFU, sialang

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kaka, finally fly

50% 1 day, aiyoyo

Eh 5g ah, mana xox

KUALA LUMPUR (June 2): Telekom Malaysia Bhd (TM), Celcom Axiata Bhd, and units from Maxis Bhd and DiGi.Com Bhd have been given the 700 megahertz (MHz) band of 5G network by the Ministry of Communications and Multimedia (KKMM).

In a Ministerial order by KKMM Minister Datuk Saifuddin Abdullah dated May 15 posted on the official website, the five companies were awarded the 5G spectrum bands between 703MHz to 743MHz, and 758MHz to 798MHz.

This comes as a surprise to many in the industry who were expecting an open tender process to take place.  

In particular, TM was awarded the 718Mhz to  723Mhz band, coupled with the 773Mhz to 778 MHz band as well.

Meanwhile, Maxis Broadband Sdn Bhd, a unit of Maxis Bhd, was awarded the 733MHz to 743Mhz range, as well as the 758Mhz to 768Mhz range.

Digi Telecommunications Sdn Bhd, a subsidiary of DiGi.Com, was awarded the 703MHz to 713MHz and 758Mhz to 768Mhz spectrum ranges.

Axiata Group Bhd’s unit Celcom Axiata Bhd received the 723MHz to 733MHz range, as well as the 778MHz and 788MHz spectrum range as well.

Altel Communications Sdn Bhd was granted the 713MHz to 718Mhz, and 768MHz to 773MHz ranges.

“The commission (MCMC) will take immediate action under the act and laws on relevant subsidiaries to implement the spectrum assignment to all license holders that have been mentioned in section 4 of this order,” Saifuddin said while adding the granting of such spectrum ranges comes with terms and conditions, and that he reserves the right to change, alter or cancel the order.

In its final report on the roll-out of 5G spectrum networks, the MCMC said that the 700MHz, 3.5 gigahertz (GHz) and 26/28GHz would be identified as pioneer spectrum bands for the implementation of 5G networks in Malaysia.

In particular, the 700MHz and 3.5Ghz networks would be awarded on a tender process, in order to reduce capital expenditure (capex) costs and prevent the duplication of infrastructure when improvements to 4G LTE networks are currently being implemented.

hehe, chui ah chui, zhe feng chui

forget this co. lousy

more than 100% actually, because 0.25 was yesterday closing. Theortically +0.30=0.55, more than double. And now cant goreng GLOVES, they goreng this stock loh, and also HEXZA

price discovery will be interesting, let me share later

Warrant better play here

chui ah chui, zeh feng chui.....AFTER HWGB, RGTB

You all take so long to push 0.60,boh Lui ah