personally i think this company is doing decently, double digit growth, net cash position, having a sound expansion plan and found its own niche market albeit facing intense competition especially from China. According to theedge it is catching a whopping market share of 30%. Possessing own brand, generate most of its earning from premier department stores, which located at parkson, aeon, thestore and etc. Having 16 own retail outlets located at high end malls which is quite surprising for me. Export contribution a small part of the earning as compare to domestic sales. I think the management teams are clear on their direction. The market cap is rather small now, dividend yield is above FD and as for the PE, i have no idea what price will be given by the market but for its consistent growth, i think it deserved a higher valuation than the current. As for the business nature, i think consumer spending confidence is important. All of those home linen products are necessary where we don't only buy one. However if the spending ability falls, it will postponed consumer consumption which is the risk for it i think. Personally i think this is a stock worth to hold on for years provided that the growth can persist.
"Can you estimate the amount it spent to create its brand name and that its worth cannot be included in its NTA. I put the NTA much higher than that in the bal. sht.."
indeed a good point from you, something out of balance sheet and yet, is crucial for the business itself. No wonder it can open more and more retail outlets..
Hi aunloke, I need sifu like u to point us in the right direction although I did a lot of homework after that. It sure looks like the best found of the year for me. Thanks again! Let 's enjoy the ride now
Hi rookie8833 TA research is very comprehensive. I have it in pdf format but I don't know how to post it here. I attended YOCB AGM and visited Home's Harmony in Publika also yesterday.
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....
ipomember
615 posts
Posted by ipomember > 2013-11-12 19:41 | Report Abuse
personally i think this company is doing decently, double digit growth, net cash position, having a sound expansion plan and found its own niche market albeit facing intense competition especially from China. According to theedge it is catching a whopping market share of 30%. Possessing own brand, generate most of its earning from premier department stores, which located at parkson, aeon, thestore and etc. Having 16 own retail outlets located at high end malls which is quite surprising for me. Export contribution a small part of the earning as compare to domestic sales. I think the management teams are clear on their direction. The market cap is rather small now, dividend yield is above FD and as for the PE, i have no idea what price will be given by the market but for its consistent growth, i think it deserved a higher valuation than the current. As for the business nature, i think consumer spending confidence is important. All of those home linen products are necessary where we don't only buy one. However if the spending ability falls, it will postponed consumer consumption which is the risk for it i think. Personally i think this is a stock worth to hold on for years provided that the growth can persist.