ya announced already RM15 only not RM150

Homeritz Corporation (BUY )
2QFY15 Results
 Homeritz’s 1HFY15 revenue of RM71.2m (+11% yoy) translated into PATAMI of RM10.8m and accounted for 44% of our full year estimation (versus average of 42% of full year)..
 We deem the earnings in line with our expectations as 2Q has always been the weakest quarter for the group due to seasonality. Historically, 2Q represents on average 19% of full year earnings (versus 26% of our full year estimation for the current quarter).
 Despite recent strengthening in ringgit against USD, the group could still benefit from strong USD as our base case forecast for revenue and net profit for FYE15 assumes an average exchange rate of RM3.50/USD vs average of RM3.24/USD achieved in FY14.
 We maintain our BUY call on Homeritz with a target price of RM1.54, based on 10x P/E which is premium to the furniture industry average P/E of 8x as we forecast the Group’s CAGR growth at 14%.

Furniture Sector GST Status: Standard rated; Zero rated (exports) Highlight
Action by companies
Impact
Gaming
Highlight
Action by companies
Impact
Feedback:
 Some of the domestic raw materials purchased by furniture players are subject to GST. For HOMERITZ, the Group’s imported raw materials are not subject to GST as it has received approval of Approved Trader Schemes (ATS) whereby exporters do not collect output tax on their supplies.
 GST has no impact on its domestic raw materials purchased as it is eligible to claim back input tax.
 All exports are zero-rated. Since 99% of HOMERITZ’s furniture products are exported to more than 50 countries, no GST charge on its exported outputs.
Comments:
 We opine that there is no impact on sales volume and margin of HOMERITZ (BUY; TP:
RM1.54) given most of its products are exported while it is able to claim back input tax.

xiaoqiang - can you email to me too, think wanna invest this counter if Tp high, email me oskiong33@gmail.com

semi con now slowing alrdy, be careful..

TP 60c, price adjust to 40c on 30/4/2015. After one week/one month spike to 50c, then u just buy at 50c.. hahaha

Bone, u go push up de price.. faster post out ur article.. pls save them, be a hero :)

de blogger is distributor.. becareful !!

throw all at 31c.. con stock con ppl.. away this counter..!!

PN16 - Cash Rich Company.. Buy Buy Buy..

Business NewsHome › Business › Business News
Goh Ban Huat declares 12 sen dividend

KUALA LUMPUR: Ceramic products manufacturer Goh Ban Huat Bhd (GBH), whose net profit fell 95% to RM241,000 in the financial year ended Dec 31, 2014, declared a first interim dividend of 12 sen per RM1 share on Tuesday.

The company will have to fork out RM22.3mil based on its 185.9 million shares.

The dividend will go ex on May 6.

GBH had RM58.4mil in cash and bank balances as at Dec 31, 2014.

It also recently sold freehold and leasehold lands in Kuala Lumpur with combined net land area of 13.9 acres plus the buildings erected on them for RM192.4mil to property developer Keladi Maju Bhd, whose major shareholders include GBH chairman Tan Sri Tan Hua Choon and GBH executive director Tan Han Chuan.

In its fourth quarter results announcement to Bursa Malaysia, the company had said the board expected the group’s existing business, mainly in the ceramic building materials industry, would remain challenging this year due to intense competition from alternative products and imports from lower-cost manufacturing countries.

In addition, profit margins were expected to continue to come under pressure for the foreseeable future in anticipation of higher natural gas and electricity tariffs.

“After careful deliberation on the future direction of GBH, the board is of the view that the proposed disposal of the group’s properties is in the best interest of the company as it represents an opportunity for the group to restrategise its financial and capital resources,” it said.

According to an earlier circular to shareholders dated Sept 15, 2014, most of the proceeds were to be used for its diversification into the oil and gas (O & G) sector via the proposed acquisition of a 100% equity interest in Dynac Sdn Bhd, which provides contract work, support products and services for the O & G industry, for RM632mil and of a 35% equity interest in Globalmariner Offshore Services Sdn Bhd (GMOS), which specialises in floating production storage and offloading solutions, for RM38mil.

However, GBH and the vendors decided to mutually terminate the Dynac acquisition on Sept 30 last year. Subsequently, on Oct 17, even the GMOS acquisition was unwound and it was no longer an associate company
of the group.

The property disposals were, however, completed on March 30 this year.

派息激勵‧吳萬發漲11仙
2015-04-23 11:43

(吉隆坡22日訊）吳萬發（GBH，3611，主板工業產品組）股價一度漲升約10%至1令吉68仙高峰，相信是投資者配合該公司5年來首次派發高息而作出的慶祝行情。
該公司週二宣佈派發每股12%的第一中期單級股息，令股東及投資者喜出望外，因為根據大馬股票交易所的資料顯示，這是該公司自2010年以來首次派發股息。
早市開市後不久，吳萬發股價即已漲升15仙，或是9.8%至1令吉68仙的全天最高，較後漲勢稍為收斂，惟全天仍漲11仙至1令吉64仙，成交量僅為20萬2千100股。上述股息將在今年5月25日派發。
公司最近的一些企業活動，包括今年3月30日完成脫售土地給慶隆發展（KELADI，6769，主板產業組），後者也是該公司主席丹斯里陳華春控制的公司。
吳萬發從上述土地脫售活動中，取得7千120萬令吉的淨利。隨著脫售上述土地後，使吳萬發成為PN16現金公司，需要在未來的12個月向有關當局提呈業務重組計劃。
股價：1令吉64仙
總股本：1億8千575萬7千零33股
市值：3億零464萬1千500令吉
30天日均成交量：68萬9千股
最新季度營業額：1千352萬2千令吉
最新季度盈虧：淨虧82萬4千令吉
每股淨資產：1令吉4仙
本益比：1076.93倍
周息率：0%
大股東：丹斯里陳華春（74.35%）（星洲日報／財經）

Eelyn geng.. Any target price ?

aiyoh, sikit sikit drop takut apa.. cannot judi on this pohuat lar.. accumulate more shares naik rocket... hehehe

not forget Homeriz too.. both going up together..

haha.. pls go break RM2.30... buy now lar still early, Today AGM, later announce special dividend .. hahaha

no money buy alrd, hv to cut this. pworth look nice

will launch at 60c? price adjust to 40c? wau.. looks delicious , come on Sunzen !!

Signature Eyes More Contracts

Kitchen and closet maker Signature International is planning to win more gets this year, with the increment in the supply of private property in the nation.
The association’s current request book remains at RM160 million and it said that it has felt some effect from the approaching supply of private property boosting kitchen frameworks deals, with a 86.5 percent surge in income in 1H15.
Revenue from its current request book will be perceived in FY16 and FY17. In the then, TA Securities noticed that the bunch’s delicate book has hit a record level of RM400 million, which can be utilized to recharge its request book, given the delicate achievement rate of 50percent to 60 percent.
Essentialness: TA Securities extends the Signature’s center benefit to surpass RM30 million to between RM32.5 million and RM38.8mil for FY15 to FY18, introduced on the anticipated income surpassing RM200 million without precedent for FY15 and supporting the level later on years. It included that the firm yields generally high edges contrasted with its companions because of its plan of action that requires minimal capital expenditure.

Above are some main stocks which is most valuable for today’s Malaysian market.

Signature International Berhad

Strong Signs of Encouraging Earnings Growth
THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY
In our opinion, Signature International Berhad sells more than just kitchen systems. It is selling lifestyle products, which go well with the current upmarket trend in the housing industry. As such, we are initiating coverage on the company with a BUY recommendation. We derive a target price of RM3.22/share based on 10x FY16 EPS. This represents an attractive capital upside of 41%.
Signature is principally involved in design, marketing and distribution of kitchen systems, wardrobe systems and built-in kitchen appliances. It has a manufacturing plant in Kota Damansara, which is capable of producing 700 sets/month of kitchen systems.
Investment Case
1) Favourable housing trends for premier kitchen players; 2) Strong branding and execution power; and
3) Manufacturing outsourcing model.
Signature recorded core profit of RM16.6mn in 1HFY15, representing a growth of 207% YoY. The increase in profit can be attributed to project revenue growth and economies of scale. In our forecast, we project the group’s core profit to surpass RM30mn to RM32.5mn-38.8mn for FY15-FY18, premised on the following assumptions.
i. Project revenue to surpass RM200mn for the first time in FY15 and sustains above RM200mn/year in the future;
ii. Order book replenishments of RM209mn in FY16, RM167mn in FY17 and RM217mn in FY18; and
iii. GP margin to come in between 36% and 38% in FY16-18.
Initiate Coverage
Tuesday, 21 April 2015 FBM KLCI: 1,848.66 Sector: Consumer
TP: RM3.22 (+41.2%) Last traded: RM2.28
BUY

181 break can fly again lor... go go go

Collect collect collect, Today T4.. give me more 1.65.. Contra pls avoid this counter

Alamak, suddenly momentum going up stop already.. i will cut loss at 51c. 51c support

Wa, +14c...

Will Fututech continue to grow beyond 2017?

It is reported by The Edge that although Fututech wish to make property development its main business in the future, it does not expect to acquire more land until FY2017. It has no more land besides the Genting and Shah Alam land.

Fututech is a specialist in high-rise building construction. Can it get contracts for construction of roads, LRT/MRT and others? Can it get government contracts which typically has higher margin?

There is no doubt that Fututech will become a much much better construction company after the assets injection. However, it needs to get more projects in order to grow beyond 2017.

With its relation with other renowned property developer especially Eco World, it seems to have a bright future.

In the future, we cannot rule out another asset injection by Mr Tee.

Mr Tee still owns a private property development company known as Kerjaya Prospek Property Sdn Bhd which owns Malacca's tallest building The Shore @ Malacca River.

Its other property projects include Residency V (Old Klang Road), 100 Residency, 222 Residency, 288 Residency (all Setapak) & Viridian Cheras Idaman.

Mr Tee seems like a humble person who grows up from a poor family in which both his parent were rubber tappers.

I feel like he will grow his empire through Fututech so it might just be a matter of time for his private property company to be injected into Fututech.

Is this the reason why Fututech does not plan to purchase development land until FY2017?

Fututech will launch property worth RM500mil this year. If they are fully sold and has net profit margin of 20%, then it will be another RM100mil profit in the next 3-4 years.

Usually we can only see significant property contribution in the final year of construction which is around 2-3 years from commencement.

Its manufacturing segment is not expected to grow much or contribute significantly. This segment posted a pretax profit of RM3.3mil in FY14.
In summary, Fututech's financial results are likely to increase progressively from year 2015 to year 2017, with best result achieved in 2017.

From a local newspaper interview, Mr Tee mentioned that after the acquisition Fututech can "cin cin cai cai" (ie. easily) achieve RM200mil cumulative net profit from 2015 to 2017.

Base on what Mr Tee predicted, I would guesstimate roughly RM80mil net profit for Fututech in its FY2016. This is almost 6x better than RM15mil net profit in FY14.

I think this assumption is not too conservative as construction cost are going up and Fututech might delay the launch of its Shah Alam project.

Anyway, I expect that Fututech can get more new construction contracts along the way.

After the issuance of new shares, Fututech's paid-up shares will increase form 91 million to 371 million. If it were to post RM80mil net profit in FY16, then guesstimated EPS for FY16 will be 21.5sen.

However, if we add in 26.7mil warrants which will expire in Dec 2017, diluted guesstimated EPS will be 20.1sen.

So Fututech might worth at least RM2 in 2016 if we give it a PE ratio of 10x.

On 6th Feb 2015, Fututech proposed to acquire 2 companies privately owned by its executive chairman Datuk Tee Eng Ho, which are Kerjaya Prospek S/B (KPSB) and Permatang Bakti S/B (PBSB) for RM380mil.

KPSB is a construction company and PBSB is a construction management company.

The jewel here is KPSB which is said to be a well-known "specialist" in high-rise building construction.

It claims to have current contracts worth RM2.25bil on hand. I'm not sure whether this figure is total project value or current outstanding value.

Recent notable projects by KPSB include:
E&O's Seri Tanjung Pinang (RM410mil)
Eco World's EcoSky (RM 463mil)
SP Setia's Setia Sky 88 (RM463mil)
100 Residency Setapak
The Shore @ Malacca River

It shows that KPSB has good business relationship with the country's top property developers such as Eco World, SP Setia & E&O. The latter 2 projects are Mr Tee's private property projects.

For the last 3 financial years of 2011, 2012 & 2013, both companies to be injected into Fututech has an average profit after tax of RM31mil.

For KPSB, it registered RM33.3mil net profit in year 2013 and has no borrowing.

The interesting part of this acquisition is, Mr Tee gives a profit guarantee of at least RM150mil for 3 years from 2015 to 2017.

To fund the acquisition, Fututech will issue 280 million new shares at RM1.16 each plus cash of RM55.2mil.

Before the day of announcement of acquisition, Fututech's share price closed at RM1.15. The next day, it shot up 27% to RM1.46 before closed at RM1.30 for a 13% gain.

After that, it is on its continuous uptrend until today.

It is expected that Fututech's profit will jump by leaps and bounds after the acquisition of KPSB & PBSB. However, its paid-up shares will also increase by leaps and bounds and its share price has moved up by leaps and bounds as well.

Is Fututech still attractive at share price of RM1.79 now?

There is a profit guarantee of RM150mil in 3 years from 2015 to 2017. The acquisition will only be completed in the 2nd half of 2015. So, 2015's result might not be that "great".

Moreover, I'm not sure whether the RM150mil is calculated from Jan15 or from the day the acquisition is completed.

Anyway, in average, it will be RM50mil net profit per year but we know that profit recognition of construction business will fluctuate a lot so it's not easy to predict

Fututech: The Future Is Simply Exciting

There is no doubt that Fututech's current executive chairman Datuk Tee Eng Ho has successfully transformed this previously ailing company into an exciting one.
Mr Tee and his brother first emerged as the largest shareholder of Fututech after acquiring the entire shareholding of 27.71% from E&O and Samudra Pelangi in March 2011 at only 50sen per share.

Prior to this, Fututech, which mainly involved in manufacturing, sale and installation of lighting & kitchen cabinet, suffered annual loss for 6 consecutive years, with accumulated loss reaching RM31.4mil in 2010 compared to share capital of RM58.7mil.
After Mr Tee joined in, Fututech immediately turned profitable until today.

Mr Tee brought with him experience in construction industry which saw Fututech successfully diversified into construction business by securing 2 sub-contract works in the second half of 2010.

Those contracts were to construct high-rise building of St Mary Residence in KL and Seri Tanjung Pinang in Penang. Both projects are awarded by E&O.

This has resulted in immediate surge in revenue and profit in year 2011 & 2012.

After 2012, it seems like there is no more major new construction work and so its revenue fell drastically in 2013.

It is currently holding just about RM200mil worth of contracts in 2014. Its lighting & kitchen cabinet business mostly just cater for its own needs.

In year 2013, Fututech started to venture into property development business by acquiring 2 parcels of land in Genting Permai (1.43 acres) and Shah Alam (8 acres) for RM24.5mil.

It has just launched its first property project Vista Residence at Gohtong Jaya (Genting). This leasehold project consists of 378 residential units and 28 retail lots in a 27-storey building, and has a GDV of RM300mil.

Its second property project at Monterez Golf & Country Club (Shah Alam) which carries a GDV of RM200mil is expected to be launched later this year.

I started to come across Fututech in Dec last year. I knew that its profit was going to increase significantly by venturing into property development business.

To me, it's one of the many listed companies who want to share a slice of cake in property development business.

As property sentiment is rather bad, I was not sure whether Fututech can generate good sales and launch more and more projects consistently after these 2 projects. This is a case almost similar to Weida.

I didn't follow up on Fututech and so I missed its announcement and share price movement in Feb15.

Takut apa, Boss Pui shopping so many shares, waitng big show :)

TOP 5 SHAREHOLDERS

CHENG WUI PUI - 25,890,700.00 18.43% 13,463,164.00 11 MAR 2015
HIBISCUS CAPITAL SDN. BHD - 4,911,500.00 3.50% 2,553,980.00 15 MAY 2014
ENG LOCK ONG - 38,665,474.00 27.52% 20,106,046.48 19 JAN 2015
MEE YONG TAI - 4,679,300.00 3.33% 2,433,236.00 19 JAN 2015
WENG YEW CHEW - 4,000,000.00 2.85% 2,080,000.00 15 MAY 2014

When u wanna wake up? do u know you still undervalue :)

Dont wait bone, buy now 53c

Bone good tips.. go go go !! buy now 53c

Aiyoh.. this counter is not for contra la.. dont buy this counter.. let de price slowly up.. u buy contra 100% get stuck.. don't come kacau my ATM, kay... haha

Yes, coming soon.. pls break 121.. homeriz & pohuat gay partner.. will run together

SM collecting.. will fly soon.. AGM coming, later announce special dividen.. haha.. uptrend lar.. yoyo 210 - 217.. 217 breakout fly lor..

575 still lower la.. where got high? after price adjusted will continue up.. they input so many share just want money, wanna push down? no lor.. push down ask u throw to them then up ask others chase again.. up n down ma.. how to find another IFCA up nonstop..

sell signal havent appear lar.. y sold ur shares.. killing contra ma.. tomorrow going up

ya buy now, buy on red, killing contra.. tomorrow no more cheap sales

no nid cut loss.. wasted ur money.. keep, will up after today..

buy now lor.. today last day contra clearing...

buy now lar,, still early entry :)

aiyoh.. u guys y go sell sunzen. free share sure goreng up ma..

EX-date 29/04/2015
Entitlement date 05/05/2015
Entitlement time 05:00:00 PM
Entitlement subject Bonus Issue
Entitlement description BONUS ISSUE OF UP TO 109,523,280 NEW ORDINARY SHARES OF RM0.10 EACH IN SUNZEN BIOTECH BERHAD (“SUNZEN”) (“SUNZEN SHARES”) (“BONUS SHARES”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) EXISTING SUNZEN SHARES HELD AS AT 5.00 P.M. ON 5 MAY 2015 (“ENTITLEMENT DATE”) (“BONUS ISSUE OF SHARES”)

Aiyoh buy on red ma then easy to turn green :)

RM2, RM2.40 Enough.. RM 3 RM4, wawasan 2020 can achieve :)

haha.. 178 alrdy lor fututec.. will go higher..

u want fast, go buy fututec

124 go go go !!

buy buy buy.. it is coming.. fasten seat belt now.. hehe