HOMERITZ CORPORATION BERHAD

KLSE (MYR): HOMERIZ (5160)

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Last Price

0.57

Today's Change

-0.015 (2.56%)

Day's Change

0.57 - 0.57

Trading Volume

1,200


21 people like this.

7,536 comment(s). Last comment by curiousq 3 weeks ago

swordwa2

77 posts

Posted by swordwa2 > 2017-11-21 13:20 | Report Abuse

Good result but why price dropping?

chinktan

10 posts

Posted by chinktan > 2017-11-22 11:47 | Report Abuse

puzzled me too

lching

1,402 posts

Posted by lching > 2017-11-23 11:23 | Report Abuse

ringgit appreciating.

chinktan

10 posts

Posted by chinktan > 2017-11-23 17:07 | Report Abuse

expected worst results in next quarter ?

khuen

231 posts

Posted by khuen > 2017-11-23 22:47 | Report Abuse

From 2010 - 2016, the maximum FOREX gain/loss (included hedging) was only RM1mil.

If compared to average PBT of RM25mil within these 7 years, FOREX was only affecting PBT around 4%!

Hence its a fundamental sound company with minor influence by FOREX!

LCKS

22 posts

Posted by LCKS > 2017-11-24 01:17 | Report Abuse

Good point Khuen. Putting forex influence in right perspective

ivantan

18 posts

Posted by ivantan > 2017-11-24 12:41 | Report Abuse

Hi Khuen. pardon me.. i am wondering.. if the MYR was at the weakest during year 2016 and 2017.. which might not be reflected in the FOREX gain/loss... not sure how much will that affect the profit in 2017? considering latest quarterly result, first half of 2017 dropped 10%, i thought they supposed to increase more because of FOREX gain?

ivantan

18 posts

Posted by ivantan > 2017-11-24 12:43 | Report Abuse

sorry i mean first half increase only by 10%.. is the market expecting a higher increment?

ivantan

18 posts

Posted by ivantan > 2017-11-24 13:15 | Report Abuse

oh really .. ok.. meaning after hedging..forex gain/loss is minimized... so profit growth quite stable..

tronx

1,172 posts

Posted by tronx > 2017-11-26 18:08 | Report Abuse

my first share brought when i enter the stock market, tp above RM1 long time ago, now year end look back this share I glad that I tp when i can and go for other stock.

wakarimas

1,043 posts

Posted by wakarimas > 2017-12-07 19:47 | Report Abuse

this counter really no hope .....

Posted by Christiano88 > 2017-12-09 13:13 | Report Abuse

The Board of Directors of Homeritz wishes to announce that the Company proposes to seek the shareholders' approval for the proposed authority for the Company to purchase its own shares ("Proposed Share Buy-Back Authority") at the forthcoming Annual General Meeting.

A Statement to Shareholders containing the details of the Proposed Share Buy-Back Authority will be despatched to the shareholders of Homeritz in due course.

This announcement is dated 08 December 2017

Posted by Mohd Fahmi Bin Jaes > 2017-12-16 21:49 | Report Abuse

Not trend

Hermit

138 posts

Posted by Hermit > 2017-12-28 15:19 | Report Abuse

Hope this means something for this counter


Financial Year 31-Aug-2017
Subject Final Dividend
Type Dividend - Normal or Special
Description Final single tier tax exempt dividend of 2.2 sen per ordinary share in respect of the financial year ended 31 August 2017
Amount RM 0.022
Ex Date 12-Feb-2018
Entitlement Date 14-Feb-2018
Payment Date 01-Mar-2018

Patrick13

1,971 posts

Posted by Patrick13 > 2017-12-28 17:33 | Report Abuse

Based on latest AR 2017, Cold Eye still within the top 30 shareholder list.

war234

2 posts

Posted by war234 > 2018-01-03 22:19 | Report Abuse

mata sejuk stocks non performing in 2017

Posted by BeAmillionaire > 2018-01-14 12:31 | Report Abuse

Moving soon

Posted by wumingxiaoshuai > 2018-01-17 15:09 | Report Abuse

低价买入 (<=RM0.90), 长期持有,收股息。稳定的成长股 =)

lazycat

899 posts

Posted by lazycat > 2018-01-21 01:38 | Report Abuse

quarter report coming in next 2 weeks

jaycol

15 posts

Posted by jaycol > 2018-01-23 10:13 | Report Abuse

hope this counter will fly , above RM 1 pls

tuapuikia

2,346 posts

Posted by tuapuikia > 2018-01-23 15:06 | Report Abuse

above RM1 no issue

tan lucy

153 posts

Posted by tan lucy > 2018-01-24 18:01 | Report Abuse

buy now or regret then

Patrick13

1,971 posts

Posted by Patrick13 > 2018-01-25 13:05 | Report Abuse

Who attends AGM today? Appreciate if someone updates here.. thanks.

Posted by Mohd Fahmi Bin Jaes > 2018-01-25 18:10 |

Post removed.Why?

Posted by Christiano88 > 2018-01-25 18:52 | Report Abuse

disappointed result

Patrick13

1,971 posts

Posted by Patrick13 > 2018-01-25 19:34 | Report Abuse

Raw material cost is keep increasing. You can see it hits every manufacturer as well. It depends on how fast they can pass-on cost to the customers, maybe need 1 or 2 quarter's time. Good thing is revenue registered new high again, I think their expansion plan is working on track.

khuen

231 posts

Posted by khuen > 2018-01-25 21:07 | Report Abuse

If the result is bad, then why today share price rose?

khfoo88

5 posts

Posted by khfoo88 > 2018-01-25 21:13 | Report Abuse

overall revenue maintain up is good sign

SC

741 posts

Posted by SC > 2018-01-26 09:09 | Report Abuse

now i know why some company without debt also will cant generate good result... USD is lower against the MYR, looks like coming years will not be a good year for furniture share anymore... how they going to solve the labour issue and whether have any hedging scheme? never see them comment on this yet

Patrick13

1,971 posts

Posted by Patrick13 > 2018-01-26 10:56 | Report Abuse

Hi SC, you dint do well your homework. Pls read Annual Report page 8:

Foreign Currency Exchange Risk

Most of the Group’s products are exported to foreign countries, primarily those in Europe, Australasia, North and South America, Asia and Africa while certain raw materials like leather, PU, fabric and wood are sourced from foreign countries such as India, Vietnam, Korea, Thailand and China.

The Group is exposed to foreign currency exchange risks as approximately 99% and 70% of our revenue and total purchases respectively are denominated in USD. Fluctuations in USD exchange rate will have an impact on the prices of imported raw materials as well as export earnings, which will in turn affect the profitability of the Group. The Group’s profit margin is generally expected to improve if the USD strengthens against RM which will then increase the profitability. Conversely, the weakening of USD against RM would generally reduce our profitability due to lower profit margin, dependent on the extent and effectiveness of the hedging strategies adopted.

At present, the Group have credit lines for foreign exchange forward contracts with several financial
institutions. Should the need arises, the management can readily utilise such forward contracts to hedge the fluctuations in exchange rates between RM and USD, after taking into account the exposure period and the related transaction costs. Further, the Group also maintain a foreign currency account to facilitate the receipt of revenue collections which are denominated in USD to pay for some of our purchases which are also denominated in USD. Thus, it provides some form of natural hedging against any adverse foreign exchange fluctuations.

Notwithstanding the above, there is no assurance that any adverse fluctuations in foreign exchange rates would not have a material impact on the Group’s financial performance.

chinktan

10 posts

Posted by chinktan > 2018-01-26 16:07 | Report Abuse

Lao sai again....

Posted by BeAmillionaire > 2018-01-26 17:05 | Report Abuse

Top up more

Posted by pareto_8020 > 2018-01-27 21:24 | Report Abuse

top up successful, i no worry on this stock, coz love dividend collector

kimao123

112 posts

Posted by kimao123 > 2018-01-28 17:42 | Report Abuse

Homeritz = homerisk ...

Posted by Mohd Fahmi Bin Jaes > 2018-01-28 19:44 | Report Abuse

Export stock

chinktan

10 posts

Posted by chinktan > 2018-01-29 09:26 | Report Abuse

Due to stronger RM vs USD ???

jaycol

15 posts

Posted by jaycol > 2018-01-29 12:31 | Report Abuse

its okay, patient, rm1 will come anyway

Posted by BeAmillionaire > 2018-01-29 13:07 | Report Abuse

Top up again

khfoo88

5 posts

Posted by khfoo88 > 2018-01-30 11:43 | Report Abuse

good management even USD low perhaps automation of new machine can reduce some more cost

Posted by Charliesiah > 2018-01-31 11:28 | Report Abuse

I have missed the AGM last Thursday. Would like to know if anyone has attended and glad to have the info update

Posted by TP_yes_SL_no > 2018-02-02 16:33 | Report Abuse

cheap sale

gungho92

388 posts

Posted by gungho92 > 2018-02-05 13:35 | Report Abuse

Finally cheap sale. Waited so long

Posted by Wallstreet > 2018-02-06 11:21 | Report Abuse

Cheap sale...!!

bjax22

44 posts

Posted by bjax22 > 2018-02-06 17:18 | Report Abuse

@0.775 this is back to 2014 time travel price

Posted by whatthesucks > 2018-02-07 09:15 | Report Abuse

0.78 top up again ^^ hope price no travel back to 2013

ZeaXG

303 posts

Posted by ZeaXG > 2018-02-07 16:59 | Report Abuse

Bought @ 0.775. Cheap valuation

Posted by TP_yes_SL_no > 2018-02-08 20:03 | Report Abuse

drop like no tomorrow. Unfortunately no money to add

jaycol

15 posts

Posted by jaycol > 2018-02-09 10:55 | Report Abuse

yea..collect collect !!

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