wait for 2Q result...iraq/ukraine war/petrol price will go up/export ban by Myanmar / commodity should have a bull run......hope this is a positive catalyst for this company
export in USD. maybe is good for the company. but this company never declare dividend. becoz of that the share price remain low but i think this is also not good for major shareholder
aiyo, this company... make RM 15million, 20% to serve interest, 70% for director/owner in terms of salary, fees, benefits in kind etc.. 10% for shareholders only.... do not play!!
results out limit up till 1.1. now 95 nobody wants. that's ridiculous! Minho is actually a hidden gem and yet this are very less people realizing. from the latest qtr report has shown a significant improvement in all their business due to increased order. Currently timber extraction has contributed around half of the earning due strong logging activites in the current quarter which is equivalent to 5 cents. exclude the earning from logging, the other business still contribute a whopping 5 cents earning to the group in the current quarter.
Management has guided that there will be reduced logging activities in second quarter due to stricter control by authority in issuing license. However, for manufacturing and trading segment, the demand is expected to improve. the property sector will see stronger billing coming in in the following quarters. If we take out the earnings from logging activities, the other segment will still show a contribution of at least 5 cents or more in the coming quarter. If we extrapolate the eanings, the PE is actually less than 4.
In addition to the above, the company also has a strong balance sheet with net cash of around 6-7cents.
Compared to other related industry. this counter should be worth more
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....
Jack Leo
230 posts
Posted by Jack Leo > 2014-07-10 10:41 | Report Abuse
The downtrend is coming...