Posted by dalpinia > Jul 30, 2015 10:07 AM | Report Abuse
Yes....Mr CEO....with your approval...I will announce the bonus+WA (FOC) and a special div by Aug/Sept as our previous announcement in 2003 & 2009....every 6 years we will reward our shareholders.....this round I propose 1:1 & free WA and with your special approval I suggest another 10 cents special div......wait for your "Green Light".
Magni has had set foot in Vietnam and Thailand for more than 5 years. Prolexus is just about to set up their manufacturing of materials there. There are many companies that had already established themselves in Vietnam - Magni/ Pohuat/ Latitude/ KimHin/ TanChong/ Ireka/ BerjayaLand had been in the market since 2008 economic crisis. They had survived the turmoil well but not other unlucky companies eg IGB Bhd.
Vietnam is poised to be TPP’s biggest winner. In a 2012 study, compared to a baseline with no TPP—Vietnam’s income gains in 2025 with a comprehensive TPP would be over 13 percent higher, while its exports in 2025 would be over 37 percent greater. Much of the gains come from Vietnam’s growing production and export of apparel and footwear,5 resulting from the phase out of high duties in TPP partner countries, especially the United States.
But a high-standard TPP—along with Vietnam’s new trade agreement with the European Union—will also require Vietnam to make—and adhere to—major structural adjustments. These will include important steps to enhance transparency and the rule of law, implement new labor and environmental standards, foster digital commerce, and revise the competitive landscape for state-owned enterprises, among other significant changes.
As Vietnam transitions towards a network of new, higher-standard trade agreements, it has an obvious interest in the track record of current comprehensive FTAs.
Vietnam is seeing increased levels of FDI in anticipation of the TPP. History suggests that the new agreement—together with an ongoing commitment by Vietnam to a favorable investment environment—could help assure that this vital investment continues and grows.
Vietnam is already a significant player in advanced economic sectors like electronics. Further increasing the sophistication of production in Vietnam will, of course, require additional investment, growing skills, and an array of other commitments. But, as Mexico’s experience shows, strong trade ties can provide a solid launching pad for an upward trajectory. As a nation with a vibrant entrepreneurial culture and growing numbers of SMEs,21 Vietnam and its many small firms can benefit significantly from the TPP, which is being negotiated with an unprecedented focus on promoting trade by SMEs.And, because e-commerce is a powerful tool for innovative SMEs, TPP provisions that foster digitally enabled trade could provide key support for Vietnam’s ambitious goal to boost direct exports by SMEs to a quarter of Vietnam’s total exports.
Vietnam’s growing roster of high-standard trade agreements—especially TPP and Vietnam’s new agreement with the EU—could similarly enhance Vietnam’s already strong position as a globally competitive hub for trade, production, and investment.
Reduced import duties in the U.S. and Japan will benefit the country’s apparel manufacturers, whose low labor costs have enabled them to grab business from China. Vietnam may have a 50 percent increase in apparel and footwear exports in 10 years, according to the Eurasia Group. The country’s seafood industry will benefit from the elimination of import taxes on shrimp, squid and tuna, now averaging 6.4 percent-7.2 percent. Vietnam will still face strict rules-of-origin on materials, which could limit some of the treaty’s benefits to the garment and textile industry.
The ending of tariffs for Vietnamese products is likely to trigger more investment from foreign companies.
Poh Huat will claim RM15.57 million from the fire insurance, and will gain RM6.56 million after net off its NBV loss of RM9.01 million ! Is it a good or bad news ? And they have received RM3.83 million by now. Good job !
If they include the gain of RM15.57 million in the current quarter, then the last quarter results will be "cha boi liou" (cannot finish eating). haha. Let's work out some maths. Poh Huat has made RM23 million for 9 months period. Assuming last quarter is the double of last quarter last year figure, it means we will expect a gain of RM20 million. Total year profit will be RM23 + RM20 + 16 million = RM59 million ! Given PE average of 12x, its price could go to RM3 (min)
I don't think the adjuster will allow the gain from insurance payment since the claim filed is higher than NBV. Unless the company is insuring the assets more than its NBV. Otherwise it doesn't sound right.
If this coming quarter can get RM20mil profit despite the fire incident, it would be superb. Sure will fly skyhigh. Can't wait for them to release the qtr result.
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....
red_85
1,259 posts
Posted by red_85 > 2015-12-23 23:10 | Report Abuse
omg, CEO is here..