Homeritz’s 4Q earnings up 28% on stronger greenback, declares 2.5 sen dividend
KUALA LUMPUR (Oct 29): Furniture maker Homeritz Corp Bhd ( Valuation: 1.50, Fundamental: 1.95) registered net profit growth of 27.91% to RM6.64 million for its fourth quarter ended Aug 31, 2015 (4QFY15) from RM5.19 million a year ago, on higher sales and the strengthening of US dollar.
Earnings per share thus improved to 2.21 sen from 1.73 sen. The group proposed a final dividend of 2.5 sen per share, bringing total dividend to four sen per share for FY15.
Meanwhile revenue rose by 14.7% to RM38.11 million, from RM33.24 million a year ago.
For its full financial year (FY15), Homeritz posted a net profit of RM23.55 million, an increase of 16.32% from RM20.25 million in FY14, while revenue rose by 15.13% to RM146.42 million from RM127.18 million last year.
Homeritz is dividend stock, Hevea is high growth stock, note the difference
So different funds will play them, in Hevea- expecatations are higher, but when delivered, funds will also push up a lot more in tandem with valuations.
if Hevea results better a bit also than the last, we will see RM1.50
chart shows super bullish trend, RM1.50 is not difficult to reach net few days .. if big sharks want to throw , no 1 will get any so called insider news . stupid goat try to lie,
Please compare apple with apple, and orange with orange. Homeriz fell because too much of expectation is build upon it. It fell short of expectation. With the recently bonus issue + free warrant, Homeriz PER is 15x times, it's warrant is also grossly overvalue, while the net profit for the year has only grown +6%. The growth does not justify the high valuation, hence explains the fall.
anyone know when will the quarter report out ya? checking the klse infor there is no Heavea name... anyone know when roughly will out? this november when?
Exercise price of warrant..0.25 with exercise ratio 1 : 1..if mother close of 1.37 today mean warrant worth at 1.12..with a little 3 sen premium today...for last few days is under..
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....
wajatimur_28
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Posted by wajatimur_28 > 2015-10-29 21:33 | Report Abuse
Homeritz’s 4Q earnings up 28% on stronger greenback, declares 2.5 sen dividend
KUALA LUMPUR (Oct 29): Furniture maker Homeritz Corp Bhd ( Valuation: 1.50, Fundamental: 1.95) registered net profit growth of 27.91% to RM6.64 million for its fourth quarter ended Aug 31, 2015 (4QFY15) from RM5.19 million a year ago, on higher sales and the strengthening of US dollar.
Earnings per share thus improved to 2.21 sen from 1.73 sen. The group proposed a final dividend of 2.5 sen per share, bringing total dividend to four sen per share for FY15.
Meanwhile revenue rose by 14.7% to RM38.11 million, from RM33.24 million a year ago.
For its full financial year (FY15), Homeritz posted a net profit of RM23.55 million, an increase of 16.32% from RM20.25 million in FY14, while revenue rose by 15.13% to RM146.42 million from RM127.18 million last year.