Posted by dompeilee > 2024-03-11 10:00 | Report Abuse

dompeilee

Re-purchased PohKong after selling my last shares in 2022. Gold has broken out of a modified bullish wedge on the monthly chart.

2023-12-04 09:32


It took a while, but my prediction on the Gold price was spot on! 🤗

Posted by ahbah > 2024-03-11 10:28 | Report Abuse

The show is on now. Go on board ? 😏🤨🙄😁

Posted by ahbah > 2024-03-11 11:45 | Report Abuse

😁

Posted by Cptzer0 > 2024-03-11 17:40 | Report Abuse

Tmr 2nd round ! Get ready !

Posted by Income > 2024-03-17 11:48 | Report Abuse

In all honesty, l've been a dividend focused investor for a long time. This does not mean I don't own growth stocks like Gold, I do. A well rounded portfolio should be a mixture of both categories. One way to minimize the anxiety out of stock market investing, is to make sure you keep a large diversified cushion. I invest in the market, but never time the market.

Posted by ahbah > 2024-03-17 12:01 | Report Abuse

On a long term basis, gold price always go UP while fiat currencies always go DOWN.

So, gold is anti currencies ! 😄😁😊

Posted by ks55 > 2024-03-18 18:50 | Report Abuse

Poh Kong is going to announce Q2 result this week.
What can you deduce from gold price movement for past 5 months? i.e. Oct 2023 to Jan 2024.
What can you expect Q3 result from Feb 24 to Apr 24?

https://goldprice.org/gold-price-malaysia.html

Posted by lawlite007 > 2024-03-19 17:48 | Report Abuse

Good QR, gold is king

Posted by ks55 > 2024-03-19 19:01 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3431658

The Group's revenue for the current quarter under review was higher at RM423.818 million as compared to the revenue in the corresponding quarter last year of RM403.836 million, an increase of RM19.982 million. The increasein revenue was due mainly to the increase in demand of gold jewellery and gold investment products during the quarter
under review.

The higher revenue and the increase in gold prices had improved profit margin as compared with the preceding quarter.

The Group's profit before tax in the current quarter at RM36.397 million as compared to the profit before tax of RM32.494 million in the corresponding quarter last year showed an increase of RM3.903 million. The overall uptrend in gold prices had improved the operating profits in the current quarter under review.

https://goldprice.org/gold-price-malaysia.html

Look at the gold price from Feb 2024 to Apr 2024, you should expect PohKong Q3 profit to reach 10 sen per share.

Posted by Bullballs > 2024-03-19 19:46 | Report Abuse

Projected annual sales of 1.5 billion and a profit of 26 sen per share. How can it still be selling at 89 sen per share.

Posted by EngineeringProfit > 2024-03-19 21:20 | Report Abuse

Interesting

Posted by daretocutandchange > 2024-03-19 23:29 | Report Abuse

hopefully this time can go to the north

Posted by Remnant17 > 2024-03-20 08:47 | Report Abuse

Hopefully the market will give "THUMBS UP" for the improved results.

Posted by Bullballs > 2024-03-20 09:04 | Report Abuse

Poh Kong has more 800 million worth of inventories and they are all gold, not some food stuffs that have expiry dates.

Posted by Income > 2024-03-20 16:56 | Report Abuse

Energy
https://youtube.com/shorts/8h5lp8_tj4g?si=UJe7GnZltAU8Co3G

Posted by SincereStock > 2024-03-21 09:00 | Report Abuse

bought a few at RM0.925

Posted by Invest_888 > 2024-03-21 09:03 | Report Abuse

Unbelievalble, gold breaks USD2200 per ounce.

Posted by dompeilee > 2024-03-21 09:10 | Report Abuse

dompeilee

Re-purchased PohKong after selling my last shares in 2022. Gold has broken out of a modified bullish wedge on the monthly chart.

2023-12-04 09:32

All-time high for GOLD! Come on old tortoise Ah Kong, move your butt!!! I'm stuck @ 86.5c & just waiting for $1 & higher! My Tomei already break 52-wk high of $1.40 & approaching all-time peak of $1.80!

Posted by Invest_888 > 2024-03-21 10:07 | Report Abuse

Recently, noticed that the PohKong business is obviously better than usual. Maybe due to Hari Raya. Interesting to see that people like to buy gold during the price is high. Most probably scaring of the gold price will go even higher.

Posted by ks55 > 2024-03-21 10:32 | Report Abuse

Hari Raya sales revenue will reflect in Q3 result. It will boost profit due to surging gold price.

https://goldprice.org/gold-price-malaysia.html

Look at the gold price from Feb 2024 to Apr 2024, you should expect PohKong Q3 profit to reach 10 sen per share.

Posted by ahbah > 2024-03-21 12:02 | Report Abuse

Just buy some gold. 😊😋😄

Posted by SincereStock > 2024-03-21 14:47 | Report Abuse

realtively cheaper than TOMEI considering latest QR POHKONG did better

Posted by Remnant17 > 2024-03-21 15:26 | Report Abuse

NewsFlash>
Gold prices have been hitting record highs — here’s why the rally is far from over
PUBLISHED WED, MAR 20 20248:01 PM EDTUPDATED AN HOUR AGO
https://www.cnbc.com/2024/03/21/gold-prices-have-hit-record-highs-heres-why-they-could-rally-further.html

Posted by Steven Lim > 2024-03-21 19:43 |

Post removed.Why?

Posted by beinvested > 2024-03-21 21:59 | Report Abuse

Let's study the latest QR/AR.

The profit margin will go up when the physical gold price increasing because the stock-in-hand purchased earlier costing lesser.

Posted by beinvested > 2024-03-21 22:05 | Report Abuse

The inventories increased by RM100 MiL compare to 6 months ago.
The obvious differences one can see.
The value of the stock -in-hand appreciated.
Short term loan increased by RM10 MiL only.

Posted by beinvested > 2024-03-21 22:07 | Report Abuse

Invoices payable increased by RM40 MiL, still lesser than the value of inventories.

Posted by Invest_888 > 2024-03-22 12:26 | Report Abuse

Bought some PohKong share for long term. Prolong war crisis is still going on, buy gold for hedging uncertainty.

Posted by MikeyChan > 2024-03-27 11:22 | Report Abuse

China buys more gold in February. Poh Kong will continue to present awesome QR

https://think.ing.com/articles/the-commodities-feed-china-buys-more-gold-in-february/

Posted by Invest_888 > 2024-03-29 09:49 | Report Abuse

Gold price goes higher and higher week by week. It is above USD2230 per ounce, break its historic high again. Many reasonable factors contribute to this record breaking price.....Gold can fight the inflation, excess money printing, social and political instabilities,etc...

Posted by ks55 > 2024-03-29 12:01 | Report Abuse

Next month(Apr) is Hari Raya and Hindu wedding season, with gold price spikes since Oct, you should expect bumper profit for Poh Kong Q3 ending April.

Another plus is 'luxury tax' for HGVT is temporary delayed due to bill not yet passed in Parliament, that is just delay and will form the pull factor to buy gold jewellery now instead of later.

https://goldprice.org/gold-price-malaysia.html

https://www.thestar.com.my/news/nation/2024/03/29/jewellers-heave-sigh-of-relief-as-039luxury-tax039-deferred

Posted by lawlite007 > 2024-03-29 16:25 | Report Abuse

keep topup!

Posted by ahbah > 2024-03-30 21:45 | Report Abuse

korrect ! 😊😊😊

Posted by ahbah > 2024-03-30 22:31 | Report Abuse

The government deferred the tabling of a bill on a luxury goods tax to enable fine-tuning on the scope of goods and associated thresholds, the finance ministry said today.

Posted by ahbah > 2024-03-30 23:00 | Report Abuse

Jewellers are heaving a sigh of relief as the High-Value Goods Tax (HVGT) has been deferred, even if only temporarily. The government announced on Thursday (March 28) that the plan to implement the HVGT from May 1 has been indefinitely shelved as the Finance Ministry had not presented the Bill in Parliament yet.

Posted by Income > 2024-03-31 08:00 | Report Abuse

https://youtube.com/shorts/BPXu5wWTGlE?si=THhjVjpWnNYrsJVV

Posted by Invest_888 > 2024-04-01 10:47 | Report Abuse

Gold price goes higher and higher week by week. It is above USD2250 per ounce, break its historic high again and again. Many reasonable factors contribute to this record breaking price.....Gold can fight the inflation, excess money printing, social and political instabilities,etc...
PohKong is absolutely undervalued.

Posted by Cptzer0 > 2024-04-02 16:32 | Report Abuse

market surely realise how much gold worth lol

Posted by Loh Kok Wai W > 2024-04-02 16:35 | Report Abuse

虽然国际金价大涨特涨。。。但是金店没生意也枉然。。。。

Posted by Invest_888 > 2024-04-03 12:16 | Report Abuse

Noticed that more people buy gold during this festive sensons and higher gold price period. Target gold prices is USD2500 in 2024.
Gold price goes higher and higher week by week. It was above USD2240 per ounce this Monday, above USD2250 per ounce yesterday, it was USD2260 per ounce today morning. It is above USD2280 NOW. Keep on breaking its historic high again and again. Many reasonable factors contribute to this record breaking price.....Gold can fight the inflation, excess money printing, social, political instabilities, lower US interest rate soon, etc...
PohKong is absolutely undervalued.

Posted by ks55 > 2024-04-04 08:56 | Report Abuse

Q2 compared with Q1, revenue increased by 48%.
Q2 gold price is very much higher than Q1.
And for Q3 gold price surge much higher than Q2.
We expect revenue for Q3 will increase by about 50% as major festival (CNY, Hari Raya and Hindu wedding season) and profit will be around 10 to 15 sen per share.

Posted by ahbah > 2024-04-04 09:38 | Report Abuse

Please hold on tight. Poh Kong is on an uptrend now !!! 😋😋😋

Posted by Invest_888 > 2024-04-04 17:07 | Report Abuse

PohKong is around USD2290 per ounce. Anyway, POHKONG earning will be fantastic at USD2100 per ounce, now it is close to USD2300. Dropped in 0.5cent is not normal. Should goes up instead.

Posted by ahbah > 2024-04-04 17:09 | Report Abuse

Grossly undervalued. 😁😁😁

Posted by Invest_888 > 2024-04-05 11:23 | Report Abuse

PohKong is the most undervalued gold stock. In terms of yearly calculation: PE= 4.64, NTA = RM1.95 with high inventory which is counted less than 25-30% less value than today gold value.
Latest quarterly(NOV2023, DEC2023 & JAN2024) earning per share result after tax was 6.88cent.
Below was the average gold price per ounce in US DOLLAR for the following month:
NOV2023 was USD1980
DEC2023 was USD2025
JAN2024 was USD2030.

Coming quarterly the result will be burst as gold price shooting to even higher level and with great business due to festive season(Chinese new year, Hari Raya, etc). The gold price as below.

FEB2024 was USD2130
MAR2024 was USD2170
APR2024- NOW was USD2270

Coming quarterly result at least will be more than 10cent as the net earning coming from minus all the cost. Price @ USD2000 per ounce Poh Kong earning was 6.88cent. At average price around USD2200 per ounce and higher revenue during this festive period, the earning at least more than 10cent or historical high in earning. So, the share price should be historic high as well. Hope can see the limit up soon or more than 30% increase in share price.

Posted by Invest_888 > 2024-04-05 15:54 | Report Abuse

GOLD is now USD2288.

Posted by mamakspecial > 2024-04-06 14:34 | Report Abuse

lol..careful..the high value good tax is coming...dont know how it will affect poh kong yet..

Posted by ks55 > 2024-04-06 14:43 | Report Abuse

Not before June, by then Hari Raya and Hindu wedding season already over.
Poh Kong Q3 ends on 30 Apr.

Posted by ahbah > 2024-04-06 15:46 | Report Abuse

Jewellers are heaving a sigh of relief as the High-Value Goods Tax (HVGT) has been deferred, even if only temporarily. The government announced on Thursday (March 28) that the plan to implement the HVGT from May 1 has been indefinitely shelved as the Finance Ministry had not presented the Bill in Parliament yet.

Posted by ahbah > 2024-04-06 15:47 | Report Abuse

Poh Kong ... veri chip, just buy n keep. 😄😄😄