First interim single-tier dividend of 4% equivalent to 2 sen per share in respect of the financial year ending 31 October 2016.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 6 Jan 2016 2) The last date of lodgment : 8 Jan 2016 3) Date Payable : 22 Jan 2016
Announcement Info Company Name POH HUAT RESOURCES HOLDINGS BERHAD Stock Name POHUAT Date Announced 23 Dec 2015 Category Listing Circular Reference Number ILC-22122015-00007
Further to the announcement made on 24 August 2015 and 01 September 2015, in relation to the fire incident at one of the manufacturing base belonging to Poh Huat Furniture Industries Vietnam Joint Stock Company ("Poh Huat Vietnam") on 23 August 2015.
The total net book value of the damaged factory buildings together with the plant and machinery are RM2.89 million while damaged stocks are RM6.12 million.
The Company had on 17 September 2015 submitted a fire claim of USD3.62 million (equivalent to RM15.57 million) to the insurance company, Bao Minh Insurance Corporation, and is preparing the fire consequential loss claim.
The Company wishes to inform that the appointed adjusters, Crawford Vietnam Co Ltd, has proposed an interim payment of VND22 billion (equivalent to RM3.83 million) for the fire damage claim. The Company had received the first portion of VND11 billion on 11 December 2015 and the second portion of VND11 billion on 23 December 2015.
The total settlement of the claim is pending finalisation and an announcement will be made upon confirmation/acceptance of the same.
The Board of Directors of the Company will continue to update on material development for the above incident.
of course good news. Pohuat already compensated RM3.83m so far. And the rest of the potion of the claims will be received in due course. If Pohuat manage to claim RM10m instead of RM15.57m is still more than their loss or damaged.
too late to buy now, after result announce, most probably they will be a profit taking round..look at liihen chart then you will know. if good result, within expecation, gap up abit, profit taking and will go back to rm2 level.. if bad result, gg and good luck..sure gap down until 1.7..
my 2 cents..high risk to go in now..last 3 weeks should go in at 1.8..
The Fire incident losses was RM 9mil but it submitted a claim of RM 15.6mil. Now the insurance company only partially pay back RM 3.83mil. The remainding portion is pending to be finalized. I suspect something not right is happening.
Nothing wrong.... the compensation should consider latest MV for replacement of the assets + allowances and other cost incurred during period of claim to pay-out. I expect this qtr results to be hit with either the impairment or write-off first. Then next qtr(s) to be reflect gain and proceeds from compensation. But everyone seems to be very confident that the impact is immaterial and the share price keeps on flying. So let's see what's the final result.
If the Company's sales and profit margin is reallllyyyy super good... then perhaps the impact from the impairment/writedown will be negated... meaning there must be a higher EPS for this quarter versus previous quarter.
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Posted by dalpinia > 2015-12-28 16:02 | Report Abuse
POH HUAT RESOURCES HOLDINGS BERHAD
First interim single-tier dividend of 4% equivalent to 2 sen per share in respect of the financial year ending 31 October 2016.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 6 Jan 2016
2) The last date of lodgment : 8 Jan 2016
3) Date Payable : 22 Jan 2016
Announcement Info
Company Name POH HUAT RESOURCES HOLDINGS BERHAD
Stock Name POHUAT
Date Announced 23 Dec 2015
Category Listing Circular
Reference Number ILC-22122015-00007