
...... another homer fansi or mangsa?
let me re-post this again.....................
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Regarding Homer.
This is actually a stock that I just discuss openly with
garkYes, in my opinion (which could be wrong), I felt Homer should be valued at around 1.60 within a year.
That time, Homer was around 68 sen or so.
Now despite the superior results shown by Homer, tremendous growth and an unbelievably good result...
I think many would say Homer is kinda underperforming...
Homer is just trading around 80 sen...
Pathetic actually once you start comparing with other flying stocks....
So what's the deal?
I had already voiced out the concern regarding the stock.....
it's a furniture stock - many still misunderstand and have a negative bias against the sector.
Not that I blame them...
Furniture companies is usually associated with furniture showrooms that gets burned down....
Many just don't like and trust such business....
They think it's all inside con job.
I don't blame them...
the lack of coverage....
an undiscovered stock is an undiscovered stock....
it runs the risk of being a sunset stock for a very long time....
which research house is covering it?
Kenanga had a research done on it...
but the research was horribly terrible....
Profit estimates were behind the curve (trailing profits were already more than the estimates given by the analyst! Duh!

)
The price target was simply given - it was based on TA... and the TA was faulty! Duh!
KLSE is not a matured market...
without proper coverage... the stock is...... unloved.....
lack of news coverage....
Star had a coverage on the company recently...
but that's about it.....
when Homer announces its good result past couple quarters, there was ZERO mention. Duh!
lack of institute funds......
And all these issues still remain today......
That is why you don't see the stock go up bang band sound.....
In fact, I just wrote the following comments yesterday..............
And this is where we stand on Homer today.
Are you guys and gals gonna hold that 160 as if it was some holy words cast in stone?
Or do you think it's high time to re-evaluate the trade?
Maybe those fungers of this Ah Boon was so damn intoxicated when it ran out the figures 160......
