POH HUAT RESOURCES HOLDINGS

KLSE (MYR): POHUAT (7088)

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Last Price

1.35

Today's Change

-0.02 (1.46%)

Day's Change

1.35 - 1.37

Trading Volume

24,300


14 people like this.

9,912 comment(s). Last comment by curiousq 2 months ago

Posted by lostwayinvestor > 2016-09-26 23:41 | Report Abuse

Note:if u read quarter report then u know next quarter foreign exchange gain is offset by fire acciddent in Vietnam factory.

lloydlim

3,970 posts

Posted by lloydlim > 2016-09-27 11:36 | Report Abuse

At least worth 1.70lah!

topseeker

222 posts

Posted by topseeker > 2016-09-27 15:40 | Report Abuse

The US economy continued to show strength during the quarter under review. The number of Americans who applied for unemployment benefits fell to a low of 253,000, matching the second-lowest level of a seven yearold economic expansion that shows no signs of flagging. Meanwhile, sales of previously owned homes rose in
June 2016 to another cycle high, fresh evidence of housing market that continues to power through ongoing headwinds.
In UK, many economic indicators including consumer confidence report, manufacturing and construction surveys and house price data have turned out stronger than predicted and has confounded some of the worst fears about how the economy would react to the referendum to leave the EU. The European Central Bank has also continued with its accommodative monetary policy to promote recovery in the European zone.
All round improvement in economic sentiments and business confidence amongst our customers, coupled with the continued strength of the US Dollars, suggest better purchasing power and sustained demand for the Group’s products. The recent completion and commission of our reconstructed finishing line cum warehouse
facilities in Binh Duong, Vietnam has added 20% to the capacity of the Binh Duong plant and more importantly enhanced our manufacturing capabilities and efficiency. Consistent with our efforts to move up the value of its products, the modernised finishing line will enable us to take on higher range products which
will contribute more meaningfully to the Group’s bottom-line from FY2017 onwards.

kun1971kun

1,211 posts

Posted by kun1971kun > 2016-09-28 00:27 | Report Abuse

One year invest pohuat.....still loss....average RM1.62

Posted by chinseng93 > 2016-09-30 21:37 | Report Abuse

but u have get like 8 sen dividend?

btw, anyone has an idea how to calculate the tax rate of POHUAT? i notice that the tax they are paying in income statement is quite high as compared to previous year, but at the same time, the tax payable amount in balance sheet also reduce. does that mean they are paying more tax to cover the tax payable? or it is just simply a rise in income tax %?

many thanks.

Posted by smartInvestor1 > 2016-10-03 01:29 | Report Abuse

Pohuat Income tax expenses consisted of Malaysian tax 24% and Foreign tax. Check details at annual report notes.
无关应缴税款 tax payable. Tax payable is amount need to pay to tax authorities but not yet. 没有影响 不用看的项目

gift

397 posts

Posted by gift > 2016-10-06 16:21 | Report Abuse

sleeping mode?

Chan SauWei

1,430 posts

Posted by Chan SauWei > 2016-10-06 21:22 | Report Abuse

Po huat...

chooheng

318 posts

Posted by chooheng > 2016-10-07 11:53 | Report Abuse

pohuat wake up liao guys.

kun1971kun

1,211 posts

Posted by kun1971kun > 2016-10-07 11:56 | Report Abuse

Tipu lagi tak?

Posted by Tan Toh Fei > 2016-10-07 12:41 | Report Abuse

low volume ... financial result ok....

chooheng

318 posts

Posted by chooheng > 2016-10-10 09:08 | Report Abuse

pohuat wake up already

cherry88

986 posts

Posted by cherry88 > 2016-10-10 09:08 | Report Abuse

up again........any news ?

Posted by Tan Toh Fei > 2016-10-10 10:23 | Report Abuse

Finally it starts to run ....

lkwah86

259 posts

Posted by lkwah86 > 2016-10-10 10:45 | Report Abuse

because of Hevea?

Posted by Tan Toh Fei > 2016-10-10 14:26 | Report Abuse

someone found its a gem maybe ... the fundamental is oso not bad...

OOMMGG

678 posts

Posted by OOMMGG > 2016-10-10 17:28 | Report Abuse

Pohuat got final fire insurance compensation of RM2.25million. This amount will be treated as "other income" in next quarter result. Syabas!

optimus9199

2,794 posts

Posted by optimus9199 > 2016-10-10 17:33 | Report Abuse

It submitted claims of RM 15.57million for the fire incident but in total just got back RM 9.6mil, which isimilar to what it lost in the fire. No extra income incurred.

OOMMGG

678 posts

Posted by OOMMGG > 2016-10-10 17:33 | Report Abuse

Plus forex gain, it will improve bottom line in coming quarter result

OOMMGG

678 posts

Posted by OOMMGG > 2016-10-10 17:39 | Report Abuse

Actual impairment writedown last year due to fire is 9 million plus only.

optimus9199

2,794 posts

Posted by optimus9199 > 2016-10-10 17:41 | Report Abuse

Ya, so it only got about rm0.6mil extra, which is not that significant after a on year wait.

lkwah86

259 posts

Posted by lkwah86 > 2016-10-10 18:00 | Report Abuse

Poh Huat Vietnam received the final insurance compensation of VND12.13 billion on 10 October 2016 and recognised the compensation as "Other Income" in the final quarter ending 31 October 2016. The total fire insurance compensation (Other Income) recognised for the financial year ending 31 October 2016 is VND23.12 billion.

Chan SauWei

1,430 posts

Posted by Chan SauWei > 2016-10-10 18:45 | Report Abuse

Better than nothing

Davidl

1,816 posts

Posted by Davidl > 2016-10-11 02:03 | Report Abuse

Good news! Uptrend towards 2.00 soon

optimus9199

2,794 posts

Posted by optimus9199 > 2016-10-11 16:00 | Report Abuse

USD = MYR 4.17 now. Export stocks should come into life soon.

OOMMGG

678 posts

Posted by OOMMGG > 2016-10-11 16:06 | Report Abuse

Yuan depreciated against USD

Posted by Smart Investor > 2016-10-11 16:28 | Report Abuse

Huat liao!

titus

4,159 posts

Posted by titus > 2016-10-11 16:54 | Report Abuse

4.18 le....

lloydlim

3,970 posts

Posted by lloydlim > 2016-10-11 18:12 | Report Abuse

Time to accumulate!

Eric708

45 posts

Posted by Eric708 > 2016-10-11 18:15 | Report Abuse

Y so Confident abt it?

bestbuy

188 posts

Posted by bestbuy > 2016-10-11 23:16 | Report Abuse

The chart is extremely good, BB open wider today and EMA 14 cross 21. with the good stable fundamental plus Dollars as catalyst.. The next show on furniture stock. Al da best

OOMMGG

678 posts

Posted by OOMMGG > 2016-10-12 16:32 | Report Abuse

Yuan will further depreciate against USD

Posted by Christiano88 > 2016-10-12 23:40 | Report Abuse

received 8.4 million fire insurance claim

Posted by Johnnybong > 2016-10-13 09:26 | Report Abuse

Bullish moment, will up until 2.0

lloydlim

3,970 posts

Posted by lloydlim > 2016-10-13 12:18 | Report Abuse

Time to accumulate

titus

4,159 posts

Posted by titus > 2016-10-13 15:12 | Report Abuse

myr continue to weaken against USD......if it reach 4.40 again, pohuat will regain those glory days

OOMMGG

678 posts

Posted by OOMMGG > 2016-10-13 15:25 | Report Abuse

Ringgit likely to trade in the RM4.15-RM4.30 range

BY S. PUSPADEVI


KUALA LUMPUR: The ringgit is expected to trade between RM4.15 and RM4.30 against the US dollar by year-end, according to an economist and investment strategist.

IQI Group Holdings chief economist/investment strategist Shan Saeed said if China continues to lower the yuan, the ringgit including other currencies such as the rupiah, dong, baht, Philippine peso and Singapore dollar may trade lower.

He noted that market observers and policy makers were now adopting the wait-and-see approach based on China’s monetary policy changes, the looming US presidential elections on Nov 8 and likely interest rate hike by the US Federal Reserve.

“With market forces determining the ringgit rate, the currency will likely be in the long range and might trade between RM4 and RM4.30 in 2017 and this is still fair value. But this will depend on crude oil prices,” Shan told StarBiz.

Despite China’s economic slowdown, the country would still be the driver of the global economy, Shan said, adding that its recent move to lower the reference rate for the yuan was inevitable, as part of the process in revisiting its economic strategy to keep growth momentum. “The yuan will continue to stay low and we will not be surprised if it touches between 6.90 yuan and seven yuan against the US dollar in the first quarter of next year.

“We foresee a few changes in China’s monetary policy structure by the first quarter,” said Shan, adding that policy makers will be monitoring the yuan movements closely.

On Oct 10, the ringgit fell to a four-month low against the greenback following China’s move to lower its reference rate for the yuan, bringing the yuan to the lowest level against the US dollar in six years.

Posted by Chengkai Kck > 2016-10-13 15:34 | Report Abuse

POHUAT WIL FLY HIGH AGAIN ,USD now 4.20...buy before move not chase after flying high

Davidl

1,816 posts

Posted by Davidl > 2016-10-13 19:41 | Report Abuse

2.00 coming soon?

investor88

282 posts

Posted by investor88 > 2016-10-13 21:12 | Report Abuse

4.2200

ikan bilis

241 posts

Posted by ikan bilis > 2016-10-16 22:29 | Report Abuse

Resistant @2.09 . if surge up this level will be sky fly...

Posted by Kanottouch > 2016-10-19 13:31 | Report Abuse

This one Kantouch wor

gift

397 posts

Posted by gift > 2016-10-25 09:21 | Report Abuse

sleeping mode?

Chan SauWei

1,430 posts

Posted by Chan SauWei > 2016-10-25 18:10 | Report Abuse

Eveyday drop 1cent.....
Homeritz fly like hell...

anicca

337 posts

Posted by anicca > 2016-11-03 20:57 | Report Abuse

hopeless counter...no catalyst...

Cimbnet

317 posts

Posted by Cimbnet > 2016-11-10 09:15 | Report Abuse

usd 4.25 ....

Cf81

114 posts

Posted by Cf81 > 2016-11-10 22:35 | Report Abuse

4.33!!

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