It's a good company no doubt. Net cash, undervalued. As for financial performance, we must also look at full year result ma. Last year result also include property revaluation. So if this year result is the same as last year, it will be a good result.
But dividend practice very lousy, hold so much cash somemore. Top shareholding macam all family related members, mao increase directors fees and benefits easy easy go through saja. Don’t know man, heritage hotel I went before very well managed. Family holds huge portion of company shares interest should be align to shareholders.
But somehow I’m holding this shares c their pattern, macam owners sendiri feeds own family members saja. If be generous a bit, price ady simply above 1.2
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 (Will be achieve soon when East Wind is coming) TP 3 = RM1.?
Q2 profit not bad at Rm8 451 mill or 3.19 sen per share. Very strong balance sheet with cash and short term funds at Rm78 mil or 29 sen per share. Good growth for their manufacturing and hotel divisions.
This company is superb in terms of fundamental, but who cares if the Management did not care about small investors by NOT PAYING decent dividends as compared to its peers!
Company has been doing well. However, the share price only edge up slowly and not flying because the company doesn't share its profits with investors. It creates inequities because the older generation investors who are loyal are not getting rewarded. IF (or when) it eventually shares its huge cash pile with investors, only the future generation of investors will get rewarded. In this sense, it is grossly unfair to the older generation investors who are loyal to the company.
This doesn't require younger management - it requires a different Board who is highly aware of the inequities arising from not sharing its profits timely with its shareholders.
Another possible explanation is one day, the shareholders plan to siphon the huge cash out to benefit themselves, at the cost of minority shareholders. Cash that sits in the company that continues to build up is also another potential danger sign. At this juncture, I feel it is the lesser risk, but if the Board continues to allow huge cash pile to build up and not being shared with shareholders timely, the Board is ultimately responsible for creating this inequity. If major shareholder don't agree with the Board, the Board should resign.
My thesis is that with the rise of online sales of physical goods, the demand for packaging materials would be better. That is why I am screening for companies in this sector to dig deeper. My screening process involves looking at the historical ROE relative to my references - New Toyo and Canone. Relative to these 2, PPHB ROE was more stable. For details of New Toyo go to https://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=26870
Due to this NTA, that's why I'm holding lots of PPHB and nil master. But why master keep go higher and higher and PPHB still so lag behind his NTA, there must be some reasons. I believe many of us here also knew, just some don't want to admit. U said they didn't make money? Absolutely hell no, they are making tons of money for so many years and hold tons of cash on hand. They knew to deposit their cash to earn interest to make millions, but what about shareholders like us that keep his stocks? In the past, I also think dividend is not important. Until I noticed, without the participation of local and foreign institution a good stock want to go higher and higher possible? I would say very few, unless those pure goreng 1. Big Institution not like traders, they buy big not like us drop then throw. They want a good growing stocks that repay them them, PPHB dividend act like this? U check the top30 holding between PPHB and master then u have the answer. So dividend is not important? I would say if they got good dividend payout plan for the past 5-6 years, pphb price today might even higher than the NTA 1.3 above.
Macrullen "I would say if they got good dividend payout plan for the past 5-6 years, pphb price today might even higher than the NTA 1.3 above."
you might be true, but then mini tiny retailers like me won't be able to buy this stock at such undervalued price now then. anyway, hope they implement dividend in the future so price can go up and I can get lot of capital gains profit here.
but as of now, the truth is this stock is severely undervalued and waiting for price unlock
QR result out, still consistent good EPS, annualized PE below 5, this means company's profit can make up it's current market capitalization in just 5 years provided EPS is consistent and price still remains stagnant by then
definitely still undervalued, price need to chase up
QoQ, YoY both showing improvement, very good sign. Cash in hand (including short term investment) > RM140mil, equivalent to 74% of its market cap. Debt / Borrowing very very low. All the properties owned by the company are based in Penang, which is very valuable and very good demand. This is super undervalue stock, NTA is Rm1.39, share price is 50% of NTA.
The Prestige Hotel is a premium homegrown hospitality label located in the heart of the Georgetown UNESCO world heritage site. Inspired by its colonial Victorian heritage, it welcomes the urbane traveler to a magical contemporized colonial scene, with 162 rooms, an all-day dining outlet, an arcade with a mix of retail outlets, event spaces and a rooftop infinity pool. 25 minutes away from Penang International Airport, within walking distance to Penang’s cultural hotspots and popular gourmet finds, together with Prestige’ bespoke hospitality, The Prestige Hotel brings local inspiration to life for intrepid world travelers seeking to experience local charm at its best. It is the perfect designer living space for the busy business executive and the contemporary world traveler of today. https://theprestige.my/
it's facebook page shows that the business is good, active with many recent posts, total 14k likes, definitely a genuine well managed hotel fb.com/theprestigehotel
can hold with peace at current price, agreed with @Najib it easily worth Rm1.20, even at 1.20, it is still a NTA discounted price and still below PE 10
got investors rush in to buy afternoon session right after QR release, but there are also big player / players that wanted to take profit at this point
at least it is very safe to hold for another 3 months, hoping for a good rally before next QR
a few years back? didn't know that but okay I assume that did happen... but then the downhill also ended long ago right? what it has to do with current profits and upcoming profits prospect?
somemore isn't revaluation done must be reflected on QR? as long as it was properly clarified as revaluation? since you say they hid it so I assume they did not?
Any good news? Today surge is very abnormal. Must be something big going to announced soon. Bonus issue again? Privatisation based on NTA price RM1.39?
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Posted by Macrullen > 2023-05-30 11:45 | Report Abuse
It’s good company, but make so much