If we annualized based on 7.5cent (will definitely be much higher if no fire accident), eps already 30cent. And for pe 10, Pohuat would be at least RM3.00.
And now only trading at RM 2.05, that means 50% upsite.
I've a naive question, all sifu: The sell down the whole of today, is it due to panic sell by ignorant individual buyers or by some market makers? If it were the small individual buyers, it is really a pity ! Haiz!
KUALA LUMPUR (Dec 31): Poh Huat Resources Holdings Bhd saw its net profit rise 43.46% to RM15.85 million or 7.43 sen per share for the fourth financial quarter ended Oct 31, 2015 (4QFY15), from RM11.05 million or 5.18 sen per share a year ago, due to higher demand for furniture in the United States and Canada.
The group also recommended a final dividend of two sen per share for shareholders’ approval at the forthcoming annual general meeting.
In its quarterly report to Bursa Malaysia today, Poh Huat said the higher gross margin was mainly attributable to its higher level of productions; improvements in margin of the products shipped, particularly those from Malaysian factories; and higher proceeds realised from the stronger US dollar-denominated sales during the quarter under review.
For 4QFY15, Poh Huat's revenue rose 29.66% to RM140.18 million, from RM108.12 million in 4QFY14.
For the full FY15, the group’s net profit rose 64.62% to RM39.19 million, from RM23.80 million in FY14; while revenue increased by 20.35% to RM453.93 million, from RM377.17 million in FY14.
Moving forward, given the good fundamentals and strength in the North America markets, Poh Huat is optimistic that demand for its products will be sustained for the next financial year.
Another remarkable result is done by Pohuat. From what i observe from the qtr result. The management intend to minimize the impact from the assets write off cause by the fire accident.
They recognize the insurance income of RM3mil in advance to hedge against the losses of 9 million. luckily only the finishing line get involve in fire accident.
I'm not sure whether these treatment is acceptable for the auditors. Where the timing on recognition I'm not really comfortable with these treatment as their financial year end is 31 Oct 2015. The interim insurance is only received two month after the financial year end.
Overall, Pohuat is performing comparatively well. The result is within my expectation but probably below market expectation.
KUALA LUMPUR (Dec 31): Poh Huat Resources Holdings Bhd saw its net profit rise 43.46% to RM15.85 million or 7.43 sen per share for the fourth financial quarter ended Oct 31, 2015 (4QFY15), from RM11.05 million or 5.18 sen per share a year ago, due to higher demand for furniture in the United States and Canada.
The group also recommended a final dividend of two sen per share for shareholders’ approval at the forthcoming annual general meeting.
In its quarterly report to Bursa Malaysia today, Poh Huat said the higher gross margin was mainly attributable to its higher level of productions; improvements in margin of the products shipped, particularly those from Malaysian factories; and higher proceeds realised from the stronger US dollar-denominated sales during the quarter under review.
For 4QFY15, Poh Huat's revenue rose 29.66% to RM140.18 million, from RM108.12 million in 4QFY14.
For the full FY15, the group’s net profit rose 64.62% to RM39.19 million, from RM23.80 million in FY14; while revenue increased by 20.35% to RM453.93 million, from RM377.17 million in FY14.
Moving forward, given the good fundamentals and strength in the North America markets, Poh Huat is optimistic that demand for its products will be sustained for the next financial year.
Only those short sighted will make noise telling people to sell off this gem just for short term little gain but when the price moves again, they will curi curi jump in again at much higher price.
With the raze down factory at vietnam still able to perform >140mil revenue with PBT near to 20mil you said below expectation??? You must be out of your mind
This stock enhanced performance is not only due to strong USD, another two impetus are: Increased sales and strong Vietnam currency, this gives me a lot of comfort. Cheers and hope all investors in Poh Huat have a rewarding 2016.
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....
Kai Chun
27 posts
Posted by Kai Chun > 2015-12-31 19:00 | Report Abuse
close eyes on monday, after that sure go down then keep up until neverland.