QUOTE(lambethwalk @ Apr 8 2014, 09:58 AM)
Then how about YOU? Bursa Trader V4
Bursa Trader V4
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Apr 8 2014, 09:59 AM
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#181
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Apr 8 2014, 10:00 AM
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#182
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Apr 8 2014, 10:02 AM
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#183
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Apr 8 2014, 10:04 AM
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#184
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Apr 8 2014, 10:06 AM
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#185
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QUOTE(Pink Spider @ Apr 8 2014, 10:03 AM) RM800 can only last you less than an hour for REAL action at Genting. I go with my friend... he Super VIP, got limo pick us up to genting, free hotel room suite and free makan buffett...Take RM8K instead, bet RM500 per hand. Now that's REAL fun You think one time he go bring how much? That is lagi exciting... I don't play, I just go for the freebies.. This post has been edited by gark: Apr 8 2014, 10:06 AM |
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Apr 8 2014, 10:07 AM
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#186
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Apr 8 2014, 10:08 AM
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#187
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Apr 8 2014, 10:09 AM
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#188
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Apr 8 2014, 10:14 AM
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#189
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Apr 8 2014, 10:22 AM
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#190
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Apr 8 2014, 11:05 AM
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#191
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Stupid Kenanga.. all due to this report, the share fell down yesterday.
QUOTE - A global home furniture exporter. Homeritz Corporation Bhd (HOMERIZ) is a renowned integrated designer, manufacturer and exporter of high-end upholstered home furniture. The Group primarily undertakes Orignal Design Manufacturing (ODM), under the name Eritz and Original Equipment Manufacturing (OEM). HOMERIZ has made its mark in the international market by building a diverse customer base spanning across 55 countries worldwide. Asia-Pacific (especially Australia) and the European regions are the group’s key export markets which accounted for 50% and 28% of its total turnover in FY13. Meanwhile, for the product segmentation, 40% of FY13 turnover came from its Dining segment, followed by the Sofa (39%) and Bed Frame (21%) divisions. - Edging over its competitors. HOMERIZ is one of the only two players in Malaysia's offering mid-to-high-end upholstered home furniture, catering to the international markets. We have recently visited the group’s manufacturing plant in Muar, Johor and was impressed with the group’s high-quality products manufactured with excellent workmanship that is comparable to other European products sold locally. In order to meet the high international standards requirement, HOMERIZ engages in continuous product development to come up with new designs as well as innovative products. - Sustainable margin track record. Similar to other export-oriental furniture manufacturers, HOMERIZ’s profitability is also subjected to the fluctuation of raw materials cost as well as foreign exchange rates. To mitigate the risks, management has adopted a short-term (c.6-month) order book and cost-plus strategy. While this strategy resulted in a relatively low earning's visibility, it effectively resulted in sustained margins, which recorded an average gross margin of 44.0% with a net profit margin of c.14.5% since FY10. On top of that, we also understand that HOMERIZ is not subjected to the fluctuation of international freight rates as their customers bear the transportation costs from custom to destination. - Expecting double-digit revenue growth. The group recorded a strong revenue growth of 43% YoY (to RM35.6m) in 1Q14, thanks to a better economics of scale and stronger US dollar. Despite the strong revenue growth in 1Q14, we are merely targeting its revenue to climb at a conservative 10% YoY growth in FY14 due to its low earnings visibility. We believe the recovery of the European region economy as well as better economics of scale will be the key drivers to its top-line growth in FY14. Coupled with the sustainable margins, net profit is expected to record at RM16.7m (10.6% YoY). - An attractive dividend payout. While the group does not have an official dividend payout policy, we understand that HOMERIZ intends to pay out at least 40% of its net profit to shareholders. Note that, the group has been consistently rewarding its shareholders by declaring an annual DPS of 2.2-5.1 sen (representing >40% dividend payout) since FY10. - Not rated with a fair value of RM0.83, based on a targeted 10.0x FY14 PER (which is in line with the group’s historical 5-year average PER and a discount to small cap average Fwd. PER of 11.6x). Meanwhile, we also estimate the Group to pay out 50.0% of its net profit to shareholders, which will translate into a DPS of 2.5 sen or 3.1% yield. Source: Kenanga |
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Apr 8 2014, 11:24 AM
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#192
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QUOTE(Boon3 @ Apr 8 2014, 11:20 AM) Last time same with Affin and Inari ma.... Well at least this small little stock is in analyst target already.. more exposure LOL.. The eps they used to make their FV estimate was lower than the trailing eps. Having said that, yesterday movement expected la. Stock ran up too strong on Friday. With so many KFC traders around, profit taking is expected. |
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Apr 8 2014, 11:25 AM
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#193
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Apr 8 2014, 11:27 AM
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#194
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Wah.. CB*P is getting more and more CPO mill projects.. latest one in Africa...
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Apr 8 2014, 11:30 AM
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#195
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Apr 8 2014, 11:31 AM
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#196
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Apr 8 2014, 11:38 AM
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#197
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Apr 8 2014, 12:35 PM
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#198
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Apr 8 2014, 12:40 PM
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#199
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Personally.. i am waiting for next Q report.. to confirm.. anyway volume so low today...
This post has been edited by gark: Apr 8 2014, 12:41 PM |
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Apr 8 2014, 12:50 PM
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#200
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