PPHB is a undervalue GEM. When the timing come, It will shine like a Diamond. TP 1 = RM0.70 (Achieved on 10th Jan 2023) TP 2 = RM0.90 (Achieved on 10th May 2024) TP 3 = RM1.20 (Achieve on 12th Jul 2024)
I cannnot predict the peak for any rally any counter, if not do so before my ultimate tp, most of the time I will be ended up wasting time waiting. for those cash that I unlocked from one counter, I can easily use to top up other lowered counters in my other existing or interested counters list
now I start to pay attention to this counter again since it become lower than my last profit locking price already, if lower enough I will lock profit from other counter (if available / matured enough) to transfer back here
PPHB focused mainly on the packaging (corrugated cartons) segment and other business segments include hotel, and properties. Growing profits and margins. PPHB has been growing its net profit from RM14.2m with 8.8% margins since FY15, to RM48.5m in FY23 with 23.1% margins. Hence, we believe the management has been executing their plans extremely on point in tandem with the growth in economic activities. We believe the overall e-commerce growth may sustain and likely to benefit PPHB in the long run. Net cash. Solid balance sheet with RM173m net cash position, which translate to c.60% of the current market cap. Hence, we believe the company could use the funds for expansion plans, or provide windfall dividends for the shareholders.
sold some pphb at 0.965 (19 august 2024, 2.30pm right as soon as right after qr release), not so satisfied with slight declining qr. only keep a few pphb left in case of privatization
@Fundamental Trader yes agree value still in tact. but I think it is more like operator manipulation of pressing down price instead of retailers overeacting to slight below expectation QR.
topped up a few more PPHB at 0.855 (27 august 2024)
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SincereStock
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sold a little pphb at RM1.14 (11 july 2024). stil got a few left hoping for privatiazation. will top up back in case price goes lower