Posted by CCCL > 2015-11-06 20:22 | Report Abuse

Last Qtr earning 7.52sen.Wonder how good is this coming Qtr result?

Posted by CCCL > 2015-11-07 11:15 | Report Abuse

TP up again! More actions in the coming weeks.....

Posted by Sex Hong John Foo > 2015-11-07 12:56 | Report Abuse

Aiyo how lah ....1.9 to 2.7 to 3 now 3.5........?...ok 1.9 hit let see will hit 2.7 or not ...?...before when ...? Or after 2 years

Posted by ahdi > 2015-11-17 12:07 | Report Abuse

SHH Resources (FV MYR2.84) Not Rated Note: Ready To Grow Its Base

· SHH Resources (SHH) is a Johor-based solid wood furniture manufacturer. All of its products are exported, of which 90% to the US market. As such, SHH has been benefitting from a stronger USD and riding on the slow but steady US economic recovery.
· To capitalise on the current favourable macro environment, SHH has budgeted to improve its productivity and production capabilities. The management also does not rule out the possibility of a synergistic collaboration with other furniture manufacturer or acquisition of smaller players in order to diversify its revenue base. Its gearing ratio stood at a low 0.11x and it is currently in net cash position.
· We have a Not Rated Call on the stock with a fair value at MYR2.84 (20% potential upside) based on 11x 2016F P/E. The company has also declared a 10 sen dividend for FY2015, which translates into a yield of 4.2%.

Posted by hmchong2 > 2015-11-18 01:30 | Report Abuse

Look at the just released Quarterly result of its peer group, FLBHD.
EPS of FLBHD for Current Year Quarter is 9.35 sen.
EPS of FLBHD for Preceding Year Corresponding Quarter was 3.21 sen.
Therefore SHH should perform better than last Quarter.
I do agree with the above fair value at MYR 2.84 (20% potential upside) based on 11x 2016F P/E.

Posted by Kino Kow > 2015-11-19 11:39 | Report Abuse

Y no show?

Posted by Sex Hong John Foo > 2015-11-24 12:15 | Report Abuse

No show back to 2.00

Posted by wei8 > 2015-11-25 11:26 | Report Abuse

lao sai

Posted by CCCL > 2015-11-30 18:19 | Report Abuse

EPS at 6.96 sen vs 0.79sen the previous year. Not bad even after loss on derivative financial at 1.9mil.

Posted by vinvestor > 2015-11-30 20:32 | Report Abuse

Cash increased from RM24m to RM32m, borrowings reduced from RM8.8m to RM7.4m, NTA increased from RM1.61 to RM1.68. More cash more dividend for FY2016? Very soon the company will declare bonus issue ? Anyway,the Balance Sheet is very strong !

Posted by CCCL > 2015-11-30 21:29 | Report Abuse

1st Q revenue up 46.98% vs preceeding year quarter. No wonder 10 sen bumper dividen declared earlier. Huat ah!

Posted by hmchong2 > 2015-12-01 14:00 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4936617

Posted by hmchong2 > 2015-12-01 14:13 | Report Abuse

SHH. 1Q net profit 3.481 million (increased by 785.75%)
First and Final Tax-exempt Dividend of 10% (10 Sen per share)
Entitlement Date and Time: 23/12/2015 04:00 AM
Year Ending/Period Ending/Ended Date: 30/06/2015
EX Date: 21/12/2015

Posted by Kino Kow > 2015-12-01 17:28 | Report Abuse

How about tomorrow?

Posted by Jokerforever7 > 2015-12-01 18:40 | Report Abuse

At the price of rm2.. 10sen dividend = 5% interest rate which is consider very high.. We not sure whether it will be like flbhd give another addition of 5sen at next quarter.. But with the 2 financial report, shh's 1H eps is around 14.. Annualized eps will be 14sen x 2 = 28 sen.. So I think this share could reach rm2.80 with such high dividend and high eps if the market perform good in next few weeks

Posted by itjustabouttheprofit > 2015-12-07 18:54 | Report Abuse

http://klse.i3investor.com/blogs/undervalue/87713.jsp

Posted by jclara > 2015-12-08 19:09 | Report Abuse

Still can buy? What is the TP?

Posted by Invest123 > 2015-12-08 20:24 | Report Abuse

Stupid takeover price. Don't believe.

Posted by Invest123 > 2015-12-08 20:26 | Report Abuse

Max price oredi

Posted by tkk1127 > 2015-12-08 22:19 | Report Abuse

buy buy buy

Posted by tkk1127 > 2015-12-08 22:26 | Report Abuse

1) Net cash company $25.1m. Hence, release good dividend 10 cents and its dividend yield become 4.76%
2) Appreciate in USD will benefit to SHH. Rate at 30 Sept is 1USD=4.05RM, Rate at 31 December estimate at 1USD=4.20RM.,
Details look in article.

Posted by leprechauncoolbeans > 2015-12-09 10:19 | Report Abuse

It got good fundamental..plus by 2016, Ringgit continue to be weaken

Posted by yktay1 > 2015-12-09 22:31 | Report Abuse

There is a reason why this company is trading at a discount..and you wont like it...

Posted by lloydlim > 2015-12-10 21:40 | Report Abuse

Time to retrace, correction on Friday, be caution guys!

Posted by tradeview > 2015-12-15 11:43 | Report Abuse

I will look to accumulate this counter for its dividend yield + capital gain play. Upon releasing the QR, it did not immediately fly. However, during small cap rally it shot up all the way to RM2.40 before retracing to a low of RM2.17. Retracement is healthy for counters to find support for new push upwards. However, more importantly, the ex date for div is 21 Dec which is less than 1 week to go. At current price, the DY is close to 4.5%. Comparable if not higher than FD. Fundamentally, the figures speaks for itself. In addition, the sector is in the right thematic play. If you foresee 2016, MYR will continue to weaken, it may be smart to enter at current price for the dividend and then hold to next QR for the capital gain play.

Posted by sierra88 > 2015-12-22 10:35 | Report Abuse

what's a good price to enter?

Posted by lloydlim > 2015-12-28 11:56 | Report Abuse

Waiting at 1.80, time to let go!

Posted by Poji Zol > 2016-01-04 19:12 | Report Abuse

Now 1.98 and already at oversold position.

Posted by chl1989 > 2016-01-05 00:16 | Report Abuse

buy buy buy. IV min RM3. steady cash flow & solid balance sheet. Beneficiary of strengthening usd. Expecting a big surge before quarter released next mth. :)

Posted by pingdan > 2016-01-05 10:29 | Report Abuse

Buy buy call!!

Posted by pingdan > 2016-01-05 10:42 | Report Abuse

This company benefited from the depreciation in USD. As the cost of production is in ringgit, the appreciation of USD will increase the competitor advantages with country such as vietnam as the cost of production (labour cost, logistic cost, rental and etc) calculated in malaysia ringgit.

Think about this, if they sell furniture to foreign company, they can offer a much lower price as the cost is much lower in term of USD in global market. Hence the sales volume will increase if they lower down the price (in term of USD) as they able to offer much lower price to compare other furniture maker that setting up their factory outside Malaysia.

Other than that, the company incurred loss on derivatives of RM1.9mil of derivatives cost with the currency rate of RM4.40. If you look on the currency on RM4.29429, hence profit on derivatives will incurred.

If loss on derivatives did not incurred, the company will have extra 3.8sen profit for their account. Hence 6.96+3.8=10.76 sen for next quarter at least

Posted by pingdan > 2016-01-05 12:35 | Report Abuse

Keep in mind all the cost is calculated in ringgit as all of the factory for SHH located in johor.

Posted by tkk1127 > 2016-01-05 15:45 | Report Abuse

buy at 2.15. fly~~

Posted by miao0286 > 2016-01-05 16:49 | Report Abuse

cheap cheap cheap. BUY.

Posted by chl1989 > 2016-01-08 11:38 | Report Abuse

Buy buy buy fly to rm3 :)

Posted by RosmahMansur > 2016-01-10 22:34 | Report Abuse

Managed to grab at RM 2.00 before it flew higher.....

Posted by sarahdeaton > 2016-01-11 10:13 | Report Abuse

this counter got dividend?

Posted by chl1989 > 2016-01-11 11:45 | Report Abuse

Rosmah, i thought u were not interested? Haha

Posted by hydrocyclone > 2016-01-11 11:51 | Report Abuse

rosmahmansur, i am beginning to doubt your credibility. you mentioned in flbhd stock comment section that you are not interested in shh and here you are grabbing the stock below RM2.

Posted by leelc99 > 2016-01-11 15:46 | Report Abuse

chl1989, are you in Mieco as well?

Also, can anyone share their tp on SHH? Interested in keeping some.

Posted by RosmahMansur > 2016-01-11 17:23 | Report Abuse

White or black cat, as long as can catch a mouse, is considered a good cat

Posted by pingdan > 2016-01-11 17:51 | Report Abuse

Fool me once, shame on you. Fool me twice, shame on me

Posted by chl1989 > 2016-01-11 22:56 | Report Abuse

leelc99, I am in Mieco as well :) It is a good turn-around bet as it has been showing significant earning improvement since 2014. Its cash flow is healthy, debt is being reduced in stages , cash reserve is improving. All these have been well explained by Yistock. However, its efficiency measured in ROIC is not attractive; it is not cheap if we look at its earning vs enterprise value. I am betting that it will continue deliver improving quarter results consistently and my tp @ min RM1.5 is achieve-able.

For SHH, based on my newbie DCF model, assuming flat growth rate @ 3%, rate of return @ 9%, taking 4 years average cash flow to start, my target price is around RM3.2. :)

Posted by chl1989 > 2016-01-11 23:00 | Report Abuse

you must remember that valuation is very subjective. Not rocket science. But so far it is the best reference for small timer amateur value trader like us :)

Posted by leelc99 > 2016-01-11 23:52 | Report Abuse

Thank you very much for your insight, chl1989. You just got yourself a new follower lol. :D

Posted by chl1989 > 2016-01-12 00:07 | Report Abuse

I am learning too, bro :) this forum is really a good platform for us to learn from each other. A place of crouching tiger hidden dragon :)

Posted by CCCL > 2016-01-12 19:02 | Report Abuse

:)

Posted by Ryan88 > 2016-01-12 23:31 | Report Abuse

When can this stock up like hevea ? Sad
http://www.theedgemarkets.com/my/article/heveaboard-rebounds-allegations-against-it-were-dismissed-frivolous

Posted by dummy > 2016-01-13 12:02 | Report Abuse

time to collect!

Posted by chl1989 > 2016-01-13 14:58 | Report Abuse

Buy buy buy :)