US has trade war with EU and Osram is a German company. JHM is the beneficiary of trade war as US companies will source for cheaper components elsewhere in the world, like Malaysia that don't have trade war with US.
can. buy and keep for 2-3 yrs. very powerful stock. very clear prospects, just need the management to execute 1 by 1. and hope the luck be with us, and the projects they mentioned can be successfully executed.
Dato Tan says aerospace will contribute minimal on 2nd half of FY18. According to RHB's estimation, aerospace contribute 3m FY18, 30m FY19. Coming qtr results is considered as 2nd Q or 1st half of FY18. But who knows there will be surprise?
'so so' result going to released, however share price expected to be remained stable as there's expectation that coming quarters will be having good results...
Q1 result was bad, if Q2 result is 'so so', then Q3 Q4 result should be very good, in order to achieve double-digit growth. Not to forget, aerospace mechanical parts project is planned kick start in 2H18, which is now.
JHM executive chairman and managing director Datuk Tan King Seng expects the situation to be resolved going into the second half of the year (2H18). That will also be when the group expects to receive and execute new orders for mechanical parts that it has secured for its aerospace segment, which is anticipated to provide a boost to earnings.
Hence, it is confident about seeing a double-digit growth in both revenue and profit for the financial year ending Dec 31, 2018 (FY18), supported by its core automotive segment, with substantial contributions from its new aerospace segment.
“We believe we can see a double-digit growth in FY18 after achieving our own double-digit internal growth in FY17, despite being affected by the global material shortage that started in the third quarter of 2017,”
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....
smart1
179 posts
Posted by smart1 > 2018-05-23 09:46 | Report Abuse
Company promise dividend every quarter ...