Poh Huat group financial controller Lee Ing Tiong says the company has set up a foreign exchange benchmark of 4.2 ringgit per US dollar for its financial year ending Oct 31, 2017 (FY17).
“We expect the ringgit to normalise at RM4.2 to the dollar. Anything more than that would be a bonus for us,” he tells StarBizWeek.
i will have to agree the management has shown some level of confidence to project a 12% profit margin coupled with topline growth of 15-20%. Even if it is only a 10% increase on both topline and bottomline, the current price shows it is still below its true valuation. There is definitely more upside
management is so confidently telling the public about revenue and PBT growth. I dont see the reason why this counter cannot fly high soon. Coupled with usdmyr at ard 4.45 during the last quarter, the earning visibility is there !!!
by the time pohuat reach rm2, i think my neck is as long as a giraffe ...lol.... up 2 cent, down 1 cent.....like that next year cny only can breach the rm2.
I agree patience is required. If not for MD disposing the warrants, I believe the share price would have moved up significantly. Value investing takes time. Patience rewarded in time
POHUAT director dispose WA is stale.... base on unit they hold and dispose amount just a ikan bilis..... no need look for when they dispose .... just look at future reasonable price stand at
WASHINGTON (Jan 19): US homebuilding rebounded more than expected in December as a strengthening economy boosts demand for rental housing.
Housing starts jumped 11.3% to a seasonally adjusted annual rate of 1.23 million units last month, the Commerce Department said. Economists polled by Reuters had forecast housing starts increasing to a 1.20 million-unit rate in December.
Groundbreaking on new housing projects increased 4.9% to 1.17 million in 2016. The housing market remains on solid ground even as mortgage rates have jumped above 4%. The tightening labor market is driving demand for multi-family housing, which has pushed up rents.
TP is still TP, seems like market sentiments is low about Pohuat. People always likes to buy and chase when the price is high. Too many worries and focus on USD/MYR currency, as the report earlier the management is happy if 4.2 exchange,anything beyond that is bonus. Let market chase when next QR surprise them
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....
observer11
312 posts
Posted by observer11 > 2017-01-09 21:46 | Report Abuse
it just released last month, next will be in March