From next week till end of May (results reporting season) is a very crucial time to me. I only pick strong FA stocks as taught by my sifu Mr Ooi Teik Bee. I hope the share market will react to good results. Penta reported an excellent result yesterday. Hope JHM will also report an all time high quarter result.
JHM has corrected 45 sen from the peak. Very likely it will rebound tomorrow.
In my opinion, if JHM can return the qtrly EPS=9, then the fair price would be 7.2 based on valuation PE=20. But this is on the assumption that the current market sentiment doesn't change significantly. Pls bear in mind that during any bear market, most counters will be selling at a discount to as low as PE=10! Just my 2cts worth!
The main factors contributing to the increase in revenue and net profits as follows: (i) Higher demand in LED lamps for automotive industry as well as industrial products. (ii) New products launched in fourth (4th) quarter of FY2016 with higher average selling prices. (iii) Strengthening of USD against MYR - Foreign currency exchange gain of RM1.59 million in FY2016 as against to RM1.76 million foreign currency exchange loss in FY2015.
New products launched in Q4... Expected Q1 will be benefited with these new products launched.
Yesterday strong closing represents good buy point after it has rebounded from low of 4.6+ in the last couple of days. Moving forward, the price will continue to strengthen in view of strong interest by big players in a gradual pace.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
randomwalk
99 posts
Posted by randomwalk > 2017-05-09 16:13 | Report Abuse
3.33 Ex-Bonus hahaha.....