4th quarter result will be out in end of September, expect good number. Full year net profit estimate double of 2016...EPS will go up and hopefully dividend is more than 3c. :D
Have not looked at their Capex....hope the cost is well maintained and not too aggressively expand.
the money games will resurface again cos the authorites not doing anything. even Johnson lee is missing tipu duit orang.as long as didn't put them in jail for a long time,they will start again their con game
If gold price keep increasing, the inventory gains might have positive impact on Company financial results, normally the inventory levels will be holding for few months if not wrong, this qtr result may be more or less as previous qtr result, but next qtr will be have better results including inventory holding gains.
Forgot to say any better than expected result will be a good bonus. You may check Poh Kong balance sheet inventory level, a 10% increase in gold price will translate a very significant impact on Company bottomline.
Usd dollar fall will be good for commodity and gold price this will further push gold price to 1350 soon and sooner .... tomei and poh kong will rocket further
Just write some comments since people doubt gold price up whether benefit Poh Kong ....
1. Poh Kong every year had plan to open few outlets from town to suburb areas as our country is growing by more township and shopping malls due to growing integrated property snd township development 2. Normally open gold shop will involve manpower rental etc this is constant cost and did not fluctuate like raw material cosr 3. Finance cost ...... previous qtr is 3.2 m the latest qtr is 2 .1 million this is significant drop in finance cost by 1 m ..... this is the key improvement in bottomline .... think after another 1 to 2 years finance cost will become zero the bottomline will be huge jump by 30%. 4. If not wrong during 2011 to 2013 the gold price was at the high peak areas ..... but that years also many people got married and gave birth due to good years .... this tell us if you want marry and give birth baby will you really concern the gold price ... will u really dont give your wife or newborn baby the gold products .... compared to those high peak price 1600 to 2000 now 1350 is considered high price or not ..... use your brain and think ... even increased 10% the gold product up by 100 if you buy 1100 gold products will u say to your wife you want to save 100 ringgit due to gold price increased and delay wedding until gold price dropped to 900 5. Festival seasons also attract people to buy incuding cny deepavali 6. Net assets per share is sbout 1.1 to 1.2 ..... current price is 0.63 ..... you use this price to hold the expensive gold inventory since inventory occupied the net assets the most.
The above reasons already explains Poh Kong is proving the bottomline.
Then the inventory holding gain due to gold price increase will then help to improve bottomline since they can sell gold at higher price with lower cost of inventory. This qtr might not benefit that much but gradually will be benefited in following qtrs ....
Poh Kong opened more than 100 outlets maybe 102 or more the second is Tomei .... think most or all of the outlets at shopping centre .... anyway if there is a case happened there is insurance coverage for compensation for loss.
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....
keyin
2,150 posts
Posted by keyin > 2017-07-20 16:40 | Report Abuse
I also watching so long. Why price unable run?