Posted by muscular > 2016-10-27 21:41 |

Post removed.Why?

Posted by smartInvestor1 > 2016-10-27 21:42 | Report Abuse

据老板说主要原因是员工短缺 订单是有的 可是熟手员工不足够 到期的外劳员工不能重新聘请

The shortage of foreign workers had affected the performance. The reduction in manpower stemming from the government's decision to temporarily freeze the intake of foreign workers for all sectors. 尤其对家具业、种植业、园丘和制造业影响尤其大。

整合一年的业绩表现 还是符合成长股的条件 相信管理层能够克服员工不足的问题 今年股息还是一样不错

Posted by SuperLaber > 2016-10-27 22:54 | Report Abuse

gap down tmr, better make sure you wake up early enough

Posted by Patrick13 > 2016-10-28 07:56 | Report Abuse

Q4 profit dropped, but overall this year result is better than last year. Balance sheet looks healthy most importantly is debt settled. Can consider top up further if price goes lower.

Posted by Rica7894 > 2016-10-28 08:48 | Report Abuse

According to HLIB research, Homeritz requires skilled foreign workers to
manufacture its products. However, the government’s decision to temporarily freeze the intake of foreign workers in Feb 2016 has caused a shortage in their manpower.
The company has recently managed to secure the approval to hire and bring in foreign workers which will allow the company to recover its production output especially with new capacity expected to come in by next year. Thus, the research house expect sales volume to recover and EBITDA margin to
normalize gradually in FY17.

Posted by leon312214 > 2016-10-28 08:51 | Report Abuse

today might have panic sell, but this stock can hold, debt free ,and got dividend, and it is growing

Posted by cy91 > 2016-10-28 09:12 | Report Abuse

sell sell sell! !! only supported by day/contra traders

Posted by smartInvestor1 > 2016-10-28 09:40 | Report Abuse

buy at 0.865.. should i sell or just hold le?

Posted by damon > 2016-10-28 09:46 | Report Abuse

hold & buy more

Posted by leon312214 > 2016-10-28 09:54 | Report Abuse

i parking to buy , hope it drop more a bit, got around 3-4% dividend coming, not bad

Posted by Beza > 2016-10-28 09:59 | Report Abuse

Homeritz Corporation - FY16 Results ? Below Expectations
Author: kltrader | Publish date: Fri, 28 Oct 2016, 09:52 AM

Results
Homeritz’s 4QFY16 revenue of RM33.9m was translated into PATAMI of RM4.6m. This brought FY16 Core PATAMI to RM27.6m, accounting for 88.5% of our full year estimate.
Deviations
Lower than expected production volume and margin due to shortage of foreign labour.
Dividends
A final single tier tax-exempt dividend of 3.0 sen was declared in 4Q.
Highlights
Yoy: Homeritz’s FY16 revenue increased 8% yoy to RM157.6m mainly contributed by stronger US$ against MYR. Consequently, PATAMI improved by 19% yoy due to stronger US$ against MYR and lower leather cost despite a higher labour cost (circa 12% yoy) and a reduction in sales volume (-1% yoy).
QoQ: 4QFY16 revenue experienced a double digit contraction, recording RM33.9m (-16.2% qoq) caused by a 14.9% decline in volume sold. This is mainly attributed by the shortage in foreign manpower which has also reduced EBITDA margin by 7%-pts qoq. Consequently, PATAMI weakened to RM4.6m (-29% qoq).
Outlook: Homeritz requires skilled foreign workers to manufacture its products. However, the government’s decision to temporarily freeze the intake of foreign workers in Feb 2016 has caused a shortage in their manpower. The company has recently managed to secure the approval to hire and bring in foreign workers which will allow the company to recover its production output especially with new capacity expected to come in by next year. Thus, we expect sales volume to recover and EBITDA margin to normalize gradually in FY17.
Risks
USD weakness against RM; high raw material prices; high labour costs; unexpected economic downturn; and production or operational risks.
Forecasts
FY17-18 net profit forecasts are reduced by 3% and 1% respectively.
Rating
BUY (↔), TP: RM1.06 ↑

Despite the unexpected blip in manpower which resulted in lower volume production, we expect the company to recover its output with the recent approval to bring in foreign labour. Homeritz also benefits from recent ringgit weakness against US$.
Valuation
We maintain our BUY recommendation with a lower target price ofRM1.06 (previously RM1.09) after incorporating latest forecasts based on unchanged P/E multiple of 11x of CY17 EPS.
Source: Hong Leong Investment Bank Research - 28 Oct 2016

Posted by CaiShenYe > 2016-10-28 10:06 | Report Abuse

hehe thanks for the chance

Posted by SuperLaber > 2016-10-28 10:25 | Report Abuse

20% drop in 1 day for the warrant, gainer faster compared to the mother and the same time loss faster as well based on the ratio

Posted by leon312214 > 2016-10-28 10:27 | Report Abuse

just hope able to grab more, usd is strong now, in long term ,this stock still benefit , profit margin increase throughout the years

Posted by Beza > 2016-10-28 10:29 | Report Abuse

Warrant don't give dividend. Mother is the best.

Posted by Jason Lim > 2016-10-28 11:21 | Report Abuse

3 sen per share dividend is good.

Posted by Ivan89 > 2016-10-28 11:31 | Report Abuse

Opportunity to add and enjoy 3 sen dividend and hold for next qr.

Posted by CaiShenYe > 2016-10-28 11:50 | Report Abuse

next two quarter not sure can beat last year qoq

Posted by SuperLaber > 2016-10-28 12:07 | Report Abuse

If the labour problem not yet solved, don't think so will have exceptional good result next quarter

Posted by kkchoo79 > 2016-10-28 13:00 | Report Abuse

HLG still remain buy call.

Posted by hornbill > 2016-10-28 13:10 | Report Abuse

Pity those buy in high..

Posted by Patrick13 > 2016-10-28 13:21 | Report Abuse

Market overreact for the quarter released. this morning just finished my bullet to top up Gadang. No fund available for a while to buy more Homeriz shares..

Posted by smartInvestor1 > 2016-10-28 14:36 | Report Abuse

this is not a good time to top up.. hold and wait.

Posted by Kamil Hadi > 2016-10-31 11:33 | Report Abuse

wait

Posted by pulsarJ > 2016-10-31 13:32 | Report Abuse

queue to buy at 0.88

Posted by kkchoo79 > 2016-10-31 21:43 | Report Abuse

No worry with this counter
Good result compared to last year
Revenue = increase / Profit = Increase / Borrowing = reduce / Liabilities = reduce / Cash flow = increase / Net cash = increase / good dividend / USD strenghten

Posted by SuperLaber > 2016-11-01 12:07 | Report Abuse

Looks like this counter is wandering ard 90 cents for the coming 2/3 months

Posted by smartInvestor1 > 2016-11-01 12:54 | Report Abuse

No one can say this is not a good cash cow company. But this is not a good return investment.

Posted by leon312214 > 2016-11-01 15:06 | Report Abuse

perhap it need sometimes to get good return, obviously it is a good company, just be patient, investment need time

Posted by TheCoon > 2016-11-02 07:54 | Report Abuse

Dividend yield 4% what are you afraid of? Even some FD can't match this rate.

Posted by CaiShenYe > 2016-11-10 10:29 | Report Abuse

OMG got 5 cent dividend this year

Posted by leon312214 > 2016-11-10 15:00 | Report Abuse

usd is strengthen now, homeriz should be benefit from it

Posted by SuperLaber > 2016-11-10 23:02 | Report Abuse

USD 4.35 now, fuhh!!!

Posted by vcheekeong > 2016-11-11 09:54 | Report Abuse

USD4.44!!!

Posted by leon312214 > 2016-11-11 10:30 | Report Abuse

going to fly ,usd strong now

Posted by SuperLaber > 2016-11-11 13:16 | Report Abuse

already flying d

Posted by vcheekeong > 2016-11-11 13:27 | Report Abuse

Slowly or one day show ?

Posted by tooky61 > 2016-11-11 16:49 | Report Abuse

no worries here. high dividend yield.

Posted by SuperLaber > 2016-11-11 17:42 | Report Abuse

looks like lasted more than a day, momentum still there

Posted by foreign_fund > 2016-11-14 08:53 | Report Abuse

One of Trump election promise is must import less from oversea. Has he kept his promise?

Posted by smartInvestor1 > 2016-11-14 11:21 | Report Abuse

http://www.orientaldaily.com.my/features/zt20297393#
好公司但是外劳员工问题导致订单不敢多接 问题还没解决！业绩怎么有起色？

Posted by Tom Leem > 2016-11-17 15:18 | Report Abuse

buy and keeping stay calm +dividend

Posted by iloveshare128 > 2016-11-18 09:55 | Report Abuse

i agree with SmartInvestor1... no doubt Homeriz is a good company, but due to poor BolehLand government policy to take in foreign workers, and also the increase of raw materials cost (stated in the above link)... Homeriz will have more headwinds in the upcoming results... I expect poor results to continue in next few quarters... can only buy later when the price drops more... but not now...

Posted by iloveshare128 > 2016-11-18 14:29 | Report Abuse

Homeriz net profit has been dropping for 3 consecutive quarters... and i expect it will drop further / remain flat for the upcoming quarters if the foreign workers issue is not resolved...

Posted by Saitama > 2016-11-19 15:45 | Report Abuse

actually they have abundance of cash, they can go explore other countries like vietnam to ramp up production. Their cash ALONE is 5 times their TOTAL LIABILITIES if i am not mistaken. I would prefer if the company pays out more special dividends. Otherwise, really do massive expansion. Their revenue/size still really small compared to other furniture makers.

Posted by kkchoo79 > 2016-11-20 16:38 | Report Abuse

Good company will not simply expand their business without proper plan. They are waiting the chance, when the time coming, Homeritz will fly with no doubt.

Posted by gotshow765 > 2016-11-22 12:11 | Report Abuse

Patience needed with this stock. Prospects are still good.

Posted by iloveshare128 > 2016-11-22 13:10 | Report Abuse

guys, u all have a point up there.. but if the issue with foreign workers in-take cannot be resolved, it is going to adversely impact Homeriz for the next few quarters... we can see that the net profit had dropped for 3 consecutive quarters and it is the worst in the latest quarter as the management mentioned that they lacked resources to manufacture... i saw someone mentioned that this resource shortages issue has been resolved but can someone provide some proof to confirm? thanks...

Posted by chamlo > 2016-11-23 04:16 | Report Abuse

Trump policy-no TPP

Posted by iloveshare128 > 2016-11-23 09:28 | Report Abuse

Trump's decision for USA to quit TPPA is indeed very bad for Homeriz...