Tomei is still undervalued. Buying gold is the global trend now, above 2000 per ounce. Tomei NTA = RM2.64 which is calculated around 1800 per ounce few months ago. EPS per year is 47.54cent.
Tomei is still undervalued. Buying gold is the global trend now, above 2000 per ounce. Tomei NTA = RM2.64 which is calculated around 1800 per ounce few months ago. EPS per year is 47.54cent.
The dollar index moves down to 1000.98, gold moves up to USD2039(comex gold price is 2054 per ounce). As lower inflation, global de dollarisation effect and banking crisis go on, gold price will hit the record high soon. Tomei share price should hit RM1.49 too.
Malaysia debt & Liabilities in 2018 was RM1.05 Trillion. It's RM1.5 Trillion now. US national debt was USD16 trillions in 2016. It is almost USD32 trillion in 2023. World wide governments are addicted to print money. Gold can hedge against inflation, printing money/bond, etc. I believe the experts that gold can hit USD2200 this year end.
Luckily I also hedged by selling my margin-purchased Tomei ($1.2246) on Friday for $1.36. Hold for 1 year to chance on a fresh record for the yellow metal is OK la. After all, got NTA & earnings buffer for at least 2-3 qtrs :)
Gold price breaks USD2050, 2 year plus new high. De dollarization, US debt ceiling crisis, banking crisis are still going on. Dollar index falls to 101.31.
When gold price goes up more than USD2000, Tomei revenue will reduce but with much higher profit margin, which result in higher earning. When gold price goes down less than USD2000, Tomei revenue will increase significantly with lesser profit margin, which in result in slightly LESSER profit only. Latest quarterly(JAN-MAR2023) earning is 8.56cent. NTA= RM2.73.
With the strong fundamental of Tomei plus profit before tax has gone up to above RM60 mil in 2022…. With gold prices has been at high prices of USD1960-2060, Tomei should worth more than 1.40-1.45…
US debt ceiling and bank crisis, and over printing money world wide will cause gold price to go up. Moreover, recent drops in RM more than 2%, Tomei at RM1.24 is at very good price to buy.
Tomei price at RM1.07 means that some players thought that the gold will fall below USD1900 in short time, and never take the depreciation of RM into consideration. Dollar index up around 3% and RM down around 3% in 3 weeks time.
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Posted by Invest_888 > 2023-04-07 09:21 | Report Abuse
Tomei is still undervalued. Buying gold is the global trend now, above 2000 per ounce. Tomei NTA = RM2.64 which is calculated around 1800 per ounce few months ago. EPS per year is 47.54cent.
4 cent dividend proposed.