Finally, tis undervalued company of 5 decades history was noticed by ppl. Growing year by year from d revenue of 80million to 190million from 2007 to 2016, net profit from 8million to ard 20 million. Tis yr annualised eps is about 14 cent. Closet peer companies like padini and aeon are trading at 20pe. If based on 10-15 pe, it should worth rm 1.4 to rm 2. Last yr open up 3 homes harmony stores n penetrate cambodia market. Tis yr plan another 3 stores
Eastspring investment fund is the new top 30 shareholders based on latest annual report. They bought yocb at around rm 1.37 per share (based on eastspring annual report 2016). They must have valued yocb at much higher price
Closer peer Padini trading at PE of 16. Now PE is only around 10. Furthermore, this company has own manufacturing plants, near 20% export sales n own 20 home's harmony shops. More upside
Chew brothers are the substantial shareholders. The director who sold his shares only own very very little shares in the company and he is non-executive director. Why worried on that pls.
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....
Contender
523 posts
Posted by Contender > 2016-10-20 13:45 | Report Abuse
YOCB is under researched counter, no coverge ... 9.8x PE compared to Padini 20.88x PE.
Lots of upside it seems if it can trade Padini's 20x PE ... almost double from current price 1.23