One of Malaysia's largest home linen distributor plus manufacturer. Trading at a heavy discount atm. Company also has good hedge and derivatives against inflation in raw materials as highlighted in the last few quarters. Sitting on RM96 million cash, this company can maintain its dividend payout yield at 2.9%. This is a buy for me
Tafi is down today. Hmm YOCB looks good. Will post again. One of Malaysia's largest home linen distributor plus manufacturer. Trading at a heavy discount atm. Company also has good hedge and derivatives against inflation in raw materials as highlighted in the last few quarters. Sitting on RM96 million cash, this company can maintain its dividend payout yield at 2.9%. This is a buy for me
For the last Q results, short term investment + Cash in hand = 111mil. 2.5sens dividend paid in July. We can safely predict the Final dividend to be > 2.5 sens. at 1.05, the dividend yield is good at 4.76%.
The no of shares in the market is only 160m. NTA stand at 1.58. 3Qs EPS already hit 12.42. Rolling 4Qs EPS is 14.32 & PE is 7.32.
2Q 2021 Quarterly result Within our expectation. The company usually reports lower-than-expected quarterly earnings on the 2nd quarter and this year unfortunately due to supply chain issues and government policy restricting trades. Price target remains at RM1.2
YOCB looks like a potential privatization counter with almost 70% market cap in cash and stable cash generating business with minimum capex requirements.
Makes sense for owners to take it private. Discount to NTA and huge cash hoard in the company. No point to keep it listed if it is trading at such low valuations and they don't use the listed status for M&A's etc.
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....
wallstreetrookie
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One of Malaysia's largest home linen distributor plus manufacturer. Trading at a heavy discount atm. Company also has good hedge and derivatives against inflation in raw materials as highlighted in the last few quarters. Sitting on RM96 million cash, this company can maintain its dividend payout yield at 2.9%. This is a buy for me