WHITE HORSE BHD
KLSE (MYR): WTHORSE (5009)
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Last Price
0.795
Today's Change
+0.005 (0.63%)
Day's Change
0.795 - 0.80
Trading Volume
9,300
Financial
Market Cap
191 Million
NOSH
240 Million
Latest Quarter
30-Jun-2024 [#2]
Announcement Date
15-Aug-2024
Next Quarter
30-Sep-2024
Est. Ann. Date
17-Nov-2024
Est. Ann. Due Date
29-Nov-2024
QoQ | YoY
52.98% | 87.34%
Revenue | NP to SH
449,444.000 | 8,244.000
RPS | P/RPS
187.27 Cent | 0.42
EPS | P/E | EY
3.44 Cent | 23.14 | 4.32%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
2.42 | 0.33
QoQ | YoY
503.33% | 122.46%
NP Margin | ROE
1.83% | 1.42%
F.Y. | Ann. Date
30-Jun-2024 | 15-Aug-2024
Latest Audited Result
31-Dec-2023
Announcement Date
29-Apr-2024
Next Audited Result
31-Dec-2024
Est. Ann. Date
29-Apr-2025
Est. Ann. Due Date
29-Jun-2025
Revenue | NP to SH
422,201.000 | -17,288.000
RPS | P/RPS
175.92 Cent | 0.45
EPS | P/E | EY
-7.84 Cent | -11.04 | -9.06%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
2.65 | 0.30
YoY
-2131.49%
NP Margin | ROE
-4.09% | -2.72%
F.Y. | Ann. Date
31-Dec-2023 | 28-Feb-2024
Revenue | NP to SH
418,984.000 | -9,324.000
RPS | P/RPS
174.58 Cent | 0.46
EPS | P/E | EY
-3.88 Cent | -20.46 | -4.89%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
26.49% | 84.56%
NP Margin | ROE
-2.23% | -1.61%
F.Y. | Ann. Date
30-Jun-2024 | 15-Aug-2024
Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
| Date | Financial Result | Financial Ratio | Per Share Item | Performance | Valuation (End of Quarter) | Valuation (Ann. Date) | |||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| F.Y. | Ann. Date | Quarter | # | Revenue | PBT | NP | NP to SH | Div | Net Worth | Div Payout % | NP Margin | ROE | NOSH | RPS | Adj. RPS | EPS | Adj. EPS | DPS | Adj. DPS | NAPS | Adj. NAPS | QoQ | YoY | EOQ Date | EOQ Price | EOQ P/RPS | EOQ P/EPS | EOQ P/NAPS | EOQ EY | EOQ DY | ANN Date | ANN Price | ANN P/RPS | ANN P/EPS | ANN P/NAPS | ANN EY | ANN DY |
PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.
NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.
Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.
All figures in '000 unless specified.
Discussions
2 people like this. Showing 50 of 157 comments
WTHORSE catch my attention as it fulfilled limit up criteria. Price has been high previously and now drop to bottom.
Can obviously see low volume previously, and lately a bit active. Just break recent high. To verify why, we notice they selling a piece of land worth RM 113.45 million. This could translate into RM 0.472 per share. After checking into balance sheet, not hard to see they are quite cash and asset rich which have NTA above RM 2.00. Selling this piece of land will bring them into net cash position of roughly RM 0.525 per share. Special dividend might be potentially announce after this land disposal deal.
Since NTA (property and plant) worth above RM 2.00, and cash so rich, I wound think that if boss wanna do privatization, it should give a price tag of at least RM 1.30-RM 1.80.
https://klse.i3investor.com/blogs/logicdiary/2021-08-09-story-h1569653804-HOW_TO_SPOT_A_LIMIT_UP_STOCK_PART_2_Answer_by_LTA.jsp
2021-08-10 20:12
White Horse: Disposes of land in Vietnam for RM113m. White Horse is disposing of a piece of leasehold land with buildings in Vung Tau, Vietnam for RM113.45m. The group is selling the land measuring 278,511 sqm to Vietnam's Viglacera Tien Son Joint Corp. The disposal is expected to improve its bottom line in the long run as the ceased operation in Vietnam would reduce its loss position. (The Edge)
2021-08-10 20:14
White Horse disposes of land in Vietnam for RM113m
KUALA LUMPUR (June 22): Ceramic tile maker White Horse Bhd is disposing of a piece of leasehold land with buildings in Vung Tau, Vietnam for RM113.45 million.
The group is selling the land measuring 278,511 square metres to Vietnam's Viglacera Tien Son Joint Corp, it said in a bourse filing.
White Horse said the disposal is expected to improve its bottom line in the long run as the ceased operation in Vietnam would reduce its loss position, besides consolidating the production facility in Malaysia.
The expected gain from the disposal is RM58.3 million, the group added.
White Horse's share price rose one sen or 1.63% to 62.5 sen today, giving the group a market capitalization of RM148.79 million.
https://www.theedgemarkets.com/article/white-horse-disposes-land-vietnam-rm113m
2021-08-10 20:17
dompeilee Speculatively bought some WTHorse @ 66.5c & recommended 2 preferred clients =)
16/04/2021 9:30 AM
SOLD all my WTHorse for 85c =D
2021-08-17 09:53
I buy back again coz I heard whitehorse will increase asp by ten percent next week...hehehe
2021-10-02 18:45
Yeah, need to hold 2-3 months more. I have a guessing how this will pan out
2021-10-12 09:47
Hang on tight & ignore the tin kosing...empty vessels make the most noise a.k.a tin kosong paling bising...sesuai diisi dgn t@hi lol
2021-10-25 14:57
dompeilee Re-purchased WTHorse for 70c today.
03/09/2021 6:29 PM
Cut profit on WTHorse @ 78.5c
2021-10-26 09:35
Hmmm...forgot I still hv WTHorse in my margin a/c bought @ 70.5c early in Oct =)
2021-10-27 15:15
Too many counters...here, in HK, SG, US & Japan...easy 2 forget esp when sometimes one counter has been bought in 2 or 3 trading accounts in different banks lol Like yesterday I saw the name Nippecraft & recalled buying in 2017 but then couldn't remember if I had sold or not...had to check...
2021-10-27 15:48
flippratapang72sai cannot deny he got HURT badly...now haunting i3 to kowbehkowbu LOL!!!:
pang72 I all in maybulk, so how leh?
You quit kah?
08/10/2021 3:25 PM
pang72 Lucky I bought so much..
People will jealous me when end Nov QR out!!
08/10/2021 5:34 PM
2021-10-29 07:46
Congrat ! Very Chun chun QR out !
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3213229
2021-11-26 19:55
bought in at RM0.665. parking my money here hoping for liquidation and distribution of the company's net asset / cash.
if management isn't willing to distribute evenly with shareholders, they can also privatize first before liquidate the company
2022-05-25 12:00
more than half of the company's NTA can be considered at NET CASH, not to mention the rest of the properties and equipments
2022-05-25 12:04
White Horse is currently trading below its Graham Net Net. The Graham Net Net is a short hand for its liquidation value. So why is the market so pessimistic? This is not a sunset sector and there is no digital disruption
2023-10-26 09:49
It's certainly promising to hear that the company has consistently recorded profits for the past 10 years, with a solid 10% increase in the most recent three years. The expansion into Vietnam and involvement in mega projects in Malaysia are clear indicators of their growth potential. Based in Johor, this company seems well-positioned for a bright future. Keep a close eye on their developments; it could indeed be just a matter of time before they achieve even greater success.
2023-10-26 11:13
dompeilee
Re-purchased WTHorse for 70c today.
2021-09-03 18:29
🤗🤗🤗SOLD 1/2 @ 83.5c!🤗🤗🤗 Keep some for LIMIT UP!!!📈
2024-03-04 11:24
Actually I very interested in Wthorse one. Just don't like the pre-QR buy up on Feb 27.
2024-03-04 12:23
huge upside potential especially given the relatively low number of shares issued. Positives seen with company directors purchasing shares aggressively in the not too distant past.
2024-03-05 09:50
Ben Graham, the father of value investing, made famous the valuation metric known as the Net-Net. It is computed by deducting the total liabilities from the current assets. Many consider the Net-Net as a short hand for the liquidation value.
In Ben Graham days, he focussed on buying companies trading at a discount to their Net-Net. The logic was that if these are viable businesses, there is no reason for them to be trading below the liquidation value.
White Horse currently has a Net Net value of RM 1.39 per share compared to its market price of about less than RM 0.80 per share. Is this a viable business or is this a company going out of business?
White Horse is a leading ceramic tile manufacturer in the region and its performance over the past few years were impacted by the soft property market. It incurred losses.
If you believe that the property sector is cyclical and we are now leaving the bottom of the cycle, the performance of White Horse would improve. More important if it survived so far and is financially sound, ie not a company facing liquidation, the market must be wrong to price it below its liquidation value.
Is the market wrong or do you follow the crowd and avoid this Net Net? For more insights into White Horse refer to page 20 of INVEST https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol209-Invest-31May.pdf
2024-06-01 17:28
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