Posted by Hotrod > 2015-12-29 18:32 | Report Abuse

Just nice for CNY angpao ...

Posted by bulleyes > 2015-12-29 21:52 | Report Abuse

volume just nice to move in.

Posted by dalpinia > 2015-12-30 11:11 | Report Abuse

Latitude is moving up now.....1Q2016 TP RM10!!! Super buy call!!!

Posted by toto > 2015-12-30 20:28 | Report Abuse

Why Homeritz is still slow & ZZzzzzzzz..................????

Posted by investor4333 > 2015-12-30 20:32 | Report Abuse

always give us low expectation qr

Posted by noobnnew > 2015-12-31 17:02 | Report Abuse

Sudden drop. Any reason???

Posted by cjlim > 2015-12-31 17:06 | Report Abuse

because I want to buy more.

Posted by kenz88 > 2015-12-31 17:25 | Report Abuse

average down guys,,

Posted by cjlim > 2015-12-31 19:27 | Report Abuse

Dividend coming. Everything below RM1 is good buy.

Posted by hongheng7 > 2015-12-31 22:34 | Report Abuse

Mr Koon yew yin sold all & not more top 30 shareholder, Mr Fong Siling also reduce his portion ....

Posted by GGmalaysia > 2016-01-01 17:02 | Report Abuse

yes. it's better to let them offboard. better this way

Posted by meigege > 2016-01-02 00:20 | Report Abuse

surprise that kyy is no more in the list of top 30.

Posted by cbtinvest > 2016-01-02 02:05 | Report Abuse

GGmalaysia any comment?

Posted by Abudance > 2016-01-02 13:28 | Report Abuse

Take profit first and then when it drop below rm1 again .. Kyy go in again ?

Posted by money2alvin > 2016-01-02 18:31 | Report Abuse

I believe Mr Fong already sold all and just left the free shares for dividen.

Posted by money2alvin > 2016-01-02 18:33 | Report Abuse

Please refer pg 73, Foreign currency risk sentivity analysis, maybe this is the reason why Mr Fong & Kyy not more in the top 30 .....

Posted by money2alvin > 2016-01-02 18:37 | Report Abuse

Now are the distribution level, be careful ....

Posted by hongheng7 > 2016-01-02 23:52 | Report Abuse

http://koonyewyin.com/wordpress/2015/12/06/my-list-of-shares/

Posted by skywalker72 > 2016-01-03 08:35 | Report Abuse

Homeritz, a furniture export counter, doesn't benefit from the depreciation of Ringgit.....???

Group
Increase/ (Decrease)
2015 2014
RM RM
Effects on profit after tax
USD
- strengthened by 10% (291,106) 1,559,274

Euro
- strengthened by 10% (8,131) 12,436

A weakening of the above currencies against Ringgit Malaysia at the reporting date would have had the equal but opposite effect on the above currencies to the amounts shown above, with all other variables held constant.

2) For major customer that with revenue >10%, it has reduced from 2014 of 3 to 2015 of ONLY 1

3) Forward foreign exchange contracts, increase from (2014) 807,450 to (2015) 18,710,590

Currency exposure of -3,881,410 (2015) against +20,790,307 (2014)..... GOOD/BAD???

Would that explain the recent fell of Homeritz share price??? We may not expect a good result from 2016 Q1......

Posted by Gabriel Khoo > 2016-01-03 12:53 | Report Abuse

Remember their cost of hides increase? So i think that is the reason the hedge the currency for debtor and raw. I view this as a prudent move from management.

Posted by skywalker72 > 2016-01-03 21:07 | Report Abuse

How shall we interpret this,

"A weakening of the above currencies against Ringgit Malaysia at the reporting date would have had the equal but opposite effect on the above currencies to the amounts shown above, with all other variables held constant."

Particularly this: "but opposite effect on the above currencies to the amounts shown above"

And this reflect in their 2015 annual report (Page 73, item 33.a.i),

Effect on profit after tax,

2014: USD Strengthened by 10%; profit increase by 1,559,274

2015: USD Strengthened by 10%; profit DECREASE by 291,106

Likewise EURO

Posted by youbetterdiamdiam > 2016-01-04 02:23 | Report Abuse

一月份公布业绩股
全购贡献慷概大方
股息诱人HOMERIZ (5160)
目标价: RM1.32
闭市价: RM1.10
潜在升幅：+22仙（+20%）
预计投资时间：2个月
止损价：RM0.995
家丽资机构有限公司(HOMERIZ,5160)于2010年2月上市。专业于制造软体家具包括皮革和以织物为主的沙发、餐椅和床架。也从事原装设计制造(ODM) 自身品牌 Eritz，以及是原装设备制造商 (OEM) 。
截至2015年第4季度，公司全年营业额和净盈利分别按年增长15%和16%，并建议派发每股2.5仙股息。业绩增长主要受惠于美元走强和销量提升。
基本面强劲，净现金公司，每股净现金达16.8仙。ROE: 25%而Current Ratio则有 5.15倍。
2015年6月1日，斥资1216万令吉，收购子公司Embrace工业私人有限公司35%股权，收购案的贡献已在第4季开始反映。
换句话，2016年第一季的盈利会因为收购子公司而预计将出现大概 55%的增长比率。由于2015年第一季业绩表现不佳，届时将出现了低底对比的绩效。大家都留意到了将在一月份公布的业绩，这利好消息配合股息将导致股价在业绩公布前就偷步上升，要赚取这段升幅，就要趁早买入，至少根据过去3年的纪录，股价都会出现这样的反应。
由于公司是出口高级软垫家具，所以其赚幅在同行中可算高。虽然营业额受美金走强激励，不过由于原料价格也上升，所以盈利未能显著提高。公司有做外汇对冲，所以实际上并没有从马币兑美元走弱中受惠很多，这点可从最新的年报里看到。
另外，公司以767万5408令吉买下4.0746公顷的农地，计划兴建厂房，此购地活动料在2016财年首季完成。
过去几年，公司的表现是中规中矩，稳步上升。而且管理层非常大方，虽然公司所拟定的派息率是40%，但从2013年至2015年的派息率都为50%。从2015年第一季开始，公司就没有了税务奖励，但是最终还是随着销售额的增长，公司任然取得了盈利的按年增长。如果2016年的每股净盈利能达到8.84仙 (若无任何成长), 那么演算为每股4.42仙股息。周息率为4.13%左右。
由于现金流和资产负债表强劲，股息诱人，此股的本益比都比同行高，其历史本益比为15倍左右。
潜在目标价可以8.84仙 x 15倍本益比= RM1.32 来估计。
公司一直面对着原料成本增加的问题，尤其是皮革方面。营业额提高才能抵消最低营运成本的问题。当公司解决了问题，就要马上买入，因为越早买，将来的周息率将会随着盈利而提高。
于上星期，公布了股息除权日和年报。从年报里，虽然看到了冷眼前辈的减持，但同时也看到了很多长期投资的基金买入此股，这鼓舞了打算做较长期投资的朋友们。
目前，只有丰隆投行追踪此股，目标价为RM1.32
接下来推动股价的催化剂：
1. 全购子公司的贡献
2. 新厂贡献，赚幅提高
3. 红股后，流通量增加
4. 马币贬值，销量增加
5. 诱人的周息率

Posted by sarahdeaton > 2016-01-04 15:23 | Report Abuse

wo bu ming bai.

Posted by Wong Chin Choy > 2016-01-04 17:26 | Report Abuse

In short..buy now..target price 1.32 in 2 months cut loss @0.995

Posted by Gabriel Khoo > 2016-01-04 21:34 | Report Abuse

yes. hedging partly stabilize the cost of hides(leathers).

Posted by axejay > 2016-01-04 21:43 | Report Abuse

I think hedging is good cause this prevent Homeritz from any further risk of currency fluctuation, given that its cost of leather is in USD currency...furthermore, the currency loss of 200k per year due to hedging is really negligible for Homeritz which is earning millions of dollars per year!

Posted by Ivan89 > 2016-01-04 22:46 | Report Abuse

Agreed. The loss is unrealized loss as at year ended. Furthermore, if maturity date still loss, the company can go market to exchange thus contra the loss. Thus can help company stable the profit margin.

Posted by 黄劲豪 > 2016-01-05 11:11 | Report Abuse

possible rebound soon

Posted by Kuang Hebe > 2016-01-07 11:39 | Report Abuse

every moment when usd rise 10 sen, homeriz net profit rise 6%. weakness ringgit benefit homeriz, 99.2 % export business.

Posted by sarahdeaton > 2016-01-07 16:58 | Report Abuse

oic, ok, i buy now. dun bluff me ok.

Posted by Kuang Hebe > 2016-01-07 22:29 | Report Abuse

USD/MYR close:4.39954 low:4.38230 high:4.42135
Net beneficiary of stronger USD against MYR. Based on our economist’s projection, MYR would remai n weak against US D. Hence, Homeritz’s FY16-17 earnings prospect remains bright as our MYR forecast is revised to RM3.80/US$ from RM3.60/US$. Moreover, sensitivity analysis shows that every RM0.10/US$ appreciation will boost FY16 net profit by circa 6%.

Posted by Wong Chin Choy > 2016-01-08 21:55 | Report Abuse

One director want a deal before the quarter result..want to sell or buy didn't stated...anxiously waiting

Posted by NoEyeSeelo > 2016-01-08 22:39 | Report Abuse

Wong... wow.. unless this director is step down from job... otherwise should buy in kua...

Posted by greg11 > 2016-01-08 23:33 | Report Abuse

any clues on director buying or selling?

Posted by Kuang Hebe > 2016-01-09 12:49 | Report Abuse

wong, when can we know he wan buy or sell?

Posted by Wong Chin Choy > 2016-01-09 16:13 | Report Abuse

My guess only..if he want to sell, I think he will not announce in advance..

Posted by greg11 > 2016-01-09 20:18 | Report Abuse

Hebe, just curious..hmmm...

Posted by noobnnew > 2016-01-11 13:42 | Report Abuse

So many people in Pohuat, Hevea and Latitude. So quite in Homeriz

Posted by sarahdeaton > 2016-01-11 14:18 | Report Abuse

because those ppl at Pohuat, Hevea and Latitude all got trapped, got conned. now no money buy homeritz. never mind, we buy all the shares. then we HUAT.

Posted by kenz88 > 2016-01-11 16:04 | Report Abuse

latitude up 42 cent... got conned?

Posted by Wong Chin Choy > 2016-01-11 16:58 | Report Abuse

Homeritz did not do well last quarter where everybody else benefit from the rise of the dollar..so logically, it should do well this quarter..a bit lagging in respond maybe

Posted by Hehehehe > 2016-01-11 17:32 | Report Abuse

If the price rise before Qr announce. Buy buy buy. Internal first will know the result.

Posted by Wong Chin Choy > 2016-01-11 17:42 | Report Abuse

Now is two week before

Posted by vzcb1t > 2016-01-11 17:46 | Report Abuse

If the dividend is 2.5 cents and par value is 0.20, does it mean we only get 2.5 cents x 0.2 dividend ? 1/5 of 2.5 cents ?

Posted by trader1 > 2016-01-11 17:51 | Report Abuse

the dividend is 12.5%, so 0.20x12.5 equivalent 2.5 cents

Posted by WanMei Chin > 2016-01-11 21:38 | Report Abuse

http://klse.i3investor.com/blogs/kianweiaritcles/89567.jsp
Homeriz the best in terms of profit margin and financial health among 5 furniture stocks

Posted by noobnnew > 2016-01-12 08:38 | Report Abuse

I thought yesterday closed at 1.13 right? or I remember wrongly?

Posted by Jason Lim > 2016-01-12 09:03 | Report Abuse

Uptrend today.

Posted by UMA > 2016-01-12 09:10 | Report Abuse

Yes! High buy high sell !!!!can all in

Posted by sharktank > 2016-01-12 09:11 | Report Abuse

Think Homeriz think hevea the other way round. : )