I was attracted to the news at The Edge. The QR published Tomei has the NAT of RM2.07 only. In the recent weeks, the price went as high as RM1.25 probably. Today's closing price is RM1.00 only which is far under valued if the Balance Sheet reporting is surely trustworthy. There are many other companies have their market value far exceeded the book value that can cause distrust among the public.
Unless got anyone has decided to launch a takeover movement, by accumulating the shares quietly, there is no better reason for their owner(s) to purposely dampen the pricing to frustrate the interested party.
Therefore, it is the onus of the owners to catch up/reflect the share price of the company to that of the book value.
There will be dividend payment of 3 sen per share and based on the current published QR the company is seemed to be doing better when compare to other years.
Its 70% holdings in YXPM listed today is worth RM73million where as Tomei's market cap is only RM128million. YXPM only contribute less than 25% of Tomei's PAT. So the remaining business of Tomei, ie mainly Retail is valued at RM55million. which is less than 2X pe.
GOLD prices have been on a downward trend since March, falling by over 11% as the safe haven appeal of gold is eroded by higher US bond yields and firm US dollar.
Amid expectations that gold prices may weaken further, one may wonder how jewellery makers would be impacted.
As for FY21, the group’s dividend payout ratio was 12.69%. “We do not have a formal dividend policy but we have paid out dividends to reward our shareholders for their support in the group,” Ng says.
Tomei’s current dividend yield is 3.19%, with a price-to-earnings ratio of 2.2 times, according to Bloomberg data.
Tomei Consolidated Bhd is on track to deliver its best-ever annual financial results since its listing with its consistent performance in the financial year ended Dec 31, 2022 (FY22).
Tomei group managing director Datuk Ng Yih Pyng said Tomei had already surpassed its previous year’s financial performance.
“Nevertheless, we remain vigilant as the business outlook of the global economy is plagued with the tightening of monetary policies, escalating interest rates, and worsening supply chain disruptions.
Ng said Tomei will continue to adopt prudent measures to ensure that its financial position remains resilient despite the challenging market conditions and craft strategies to ensure long-term sustainability of its business.
The integrated gold jewellery manufacturer and retailer reported over fourteen-fold increase, year-on-year (YoY), in its profit after tax and minority interest (Patami) to RM14.32mil on the back of a 93.94% growth in revenue to RM217.4mil for the third quarter ended Sept 30.
For the nine months ended Sept 30, its Patami increased by over three-fold to RM55.85mil from RM16.12mil while revenue soared by 49.03% to RM749.46mil from RM502.89mil.
As at Oct 31, Tomei has 58 stores across Malaysia with a target to hit at least 59 stores by end 2022.
What each type of mole means? Moles can be found in different parts of the body, each associated with a unique set of meanings. Here is a brief overview of some common moles and their astrological interpretations: - Mole on the forehead: intelligence, foresight, and wisdom.
Don't Change The World Once upon a time, there was a king who ruled a prosperous country. One day, he went for a trip to some distant areas of his country. When he was back to his palace, he complained that his feet were very painful, because it was the first time that he went for such a long trip, and the road that he went through was very rough and stony. He then ordered his people to cover every road of the entire country with leather.
Definitely, this would need thousands of cows’ skin, and would cost a huge amount of money. Then one of his wise servants dared himself to tell the king, “Why do you have to spend that unnecessary amount of money? Why don’t you just cut a little piece of leather to cover your feet?” The king was surprised, but he later agreed to his suggestion, to make a “shoe” for himself. There is actually a valuable lesson of life in this story: To make this world a happy place to live, you better change yourself, your heart than the world. @everyone
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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....
wallstreetrookie
9,784 posts
Posted by wallstreetrookie > 2022-04-15 09:51 | Report Abuse
No wonder everyone hates investing in Bursa. i3 forums are corrupted