@million76 hard to say it can still maintain half of the EPS in future, that's remain to be seen in the future, but I rather stay out 1st looking for other more consistent EPS undervalue counter
no point to stay loyal here while it's future is uncertain while I still I got profit in hand
if this counter continue to downtrend I might consider to reenter at some point, need a better entry position here
Look at the segment profit before tax in quarterly results notes, if add up all the profit before tax, should be RM49mil plus which was more than the previous quarter. Why the overall PBT was reported at RM38mil? What did I miss?
Edgar Lawrence Smith: If a bond yields 4% and a stock yields 4% The stock will outperform the bonds because there were retained earnings that were building beyond that.
That has been true for a very long time but nobody has been paying attention to it. You don't get rich on the dividends that you receive along the way although you are happy to receive them, You get rich on the fact that the retained earnings are used to build new earning power, repurchase shares which increases your ownership in the company.
finally reentered this counter again at RM1.10 today (last round leave at RM1.20 with little profit) , good opportunity now consider freight rate already at it's lowest level regular level, hardly goes lower consider the consistent demand. company own's prospect review through recent QR is positive, I did put a few trust to them at this. some more with previous retained huge profits, the company is operating at net cash balance with net positive finance income. The net current assets after minus total liabilities is RM1.05 per share, which is assume is the bottom price under this fundamental for at least short or mid term.
at DPS of merely only 6 sen and at current price, DY is already sitting above ASB's 5.25% DY.
6 EPS is fairly easily achievable with this company refering to it's good previous performance.
PE below 10 can be maintained easily if company can sustain 4 EPS per QR
Just amazing that the Red Sea tensions that are driving up container freight rates are having zero effect on Harbour. The lagging and sleeping investment community of Malaysia is out of this world.
** Posted by SincereStock > 2021-06-14 21:29 | Report Abuse**
quote ""the most underrated logistics company in bursa should be SURIA
much better EPS compare to Harbour at it's peak before pandemic kicks in, huge NTA discount, NTA is almost 3x the price still much better DY than Harbour even at it's weak performance year of 2020 cash > borrowing, very insignificant financial cost to be deducted from profits (much better debt position than Harbour)
while HARBOUR's price is moving up, SURIA should move even further up, SURIA is moving slower behind HARBOUR as of today, hopefully will chase up tomorrow""
posted this 2 & a half years ago, see where is HARBOUR and where is SURIA now, too bad I didn't stayed with SURIA till now, already sold all at RM1.56, didn't expect it's price can shot that high especially without real volume and reall good EPS
now I am with HARBOUR, slow, lagging, sleeping also nvm, most important is now sure is bottom, even if freight rate back to 1000 level, as it is tested to be bottom at that freight rate
Company's NTA is almost twice prior to 2020's uptrend rally, cashflow is now so much stronger now following the great gains from the peak freight rate of the following years. Company is also keen in enlarging their current business capacity while not venturing into other uncertain or not their specialist sectors. With such fundamental and current prospect of freight rate, I think company at least worth it's previous peak at 1.5 ++ few years ago
👍😏 very confident I will be making money again very soon in this counter, should be the largest one compare to my previous record in this counter, consider the amount I have accumulated this time
👍😏 haha let's see, very good mood now day1 & day2 2024 very good year good start
btw why so negative keep thumbing down, your MCEHLDG also doing well what, despite not as good fundamental as APM, let's see who's end up higher leading autoparts trend
@GLNT that's mean time freeze for us to accumulate as much as we could right? plus the net current asset balance, we got a almost warranted bottom at 1.05. I won't let this opportunity pass, if not that I also have almost as good counters to park my cash else where, I would have all in all my available cash here
also let's not forget long term play of Indonesia's capital relocation to east Kalimantan, this stock now has short term momentum waiting for outburst and also long term play. dividend payout also available, almost win in all situation
techinical predict counter based on previous trading only la, it surely doesn't know about current freight rate lmao. really very funny nowadays people still believe in technical stuff, leave that thing to cryptocurrencies only, which is same as fake
who tell you fundamental don't have short term indicators? they are more precise than technical blind prediction base on only previous trade data.
latest news, prospects, QRs are fundamental short term indicators, I always play by these for years and made good profits out of it most of the time. these are true indicators based on facts, depends on how you analyst it.
for example in this counter, red sea crisis and freight rate increase is ALREADY happening, why you still want to wait techinical indicators to tell you to buy? your profit margin will be lesser if it is not too late. if it is too late, you are buying when people are taking profit already.
what you need is fundamental analysis of a company, and play mind game to investors reactions towards fundamental indicators. for example, if a company's fundamental is actually bad, a recent good news can only provide chance for stucked investors to escape, not opportunity for new comers. that's why you don't enter all counters that has just had good news or one off "other income" good QR.
with that, and you can throw technical stuffs away already
but of course, in some situation of good fundamental companies, when there is lack of catalyst, we still need to wait blindly, but it sure worth the wait especially at bottom price while it is safe. just mix and match your portfolio, safeness come first
@drakoryn you can refer to pass records of superbs HARBOUR QRs during when global freight rate is high few years ago. also refer to the company QR prospects review how freight rate affecting the company's profitability
of course red sea crisis and high freight rate cannot be permanent, but just another few good EPS QR is enough to boost the company NTA especially in the form of net cash, refer to how the company NTA boosted in the last few years, no kidding, NTA is doubled in just few years. such retained profit will have permanent effect on the company's bottom price, net cash prevented it to back to old low, unless investors went mad simply ignoring the net cash. another 30sec EPS can boost the company's NTA further up to like RM2.3, you say how RM1.17 now is not cheap? how the market price will grow in corresponse to NTA grow?
this is how fundamental play important part in this situation. there are so many logistic counters out there in bursa. but think why I choose HARBOUR but not other company in this round of red sea / freight rate play?
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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....
NatsukoMishima
8,182 posts
Posted by NatsukoMishima > 2023-08-30 11:04 | Report Abuse
If u like dividen u should buy vstec , gtronics , ranhill ! If u like capital gain then buy dnex , iwcity