Overall, it's a good stock to me.
About 78% export sales. Big bulk is in USD and SGD.
Cashflow, debtors looks really good. Zero borrowings.
Gross n net profit margin improving coz of forex n production efficiency.
4th qtr results should be interesting to look at.
Apart from your normal ratios which are mostly good, some of the valuation computations versus margin of safety doesn't make this stock interesting to me.
But if u're looking at earnings growth n the other strong fundamentals as mentioned above, boleh masuk lori hahaha

Ps: this stock sudah naik above 100% since 2014 which I believe was mainly due to forex. What are the odds to naik lagi 50%

Thanks. Similar observations I've made. Dividend yield good too

Padini not bad these few days

Anyone here bought po huat?

-delete-

This post has been edited by TC-Titan: Dec 3 2015, 02:44 PM

Few other things I noticed:

1. Collective insiders + private organisations = 83% stake in the Company. So this is a tightly controlled company.

2. This statement "The Group continues to seek opportunities for machine and product innovations,
enhance its internal process efficiencies and productivity in the face of the rising operating costs
environment, and implement strategies to achieve higher sales, especially in export market."

This indicates to me that we should expect more capex in the next few quarters. But the interesting part is there is zero capital commitment as at 30 Sept.

3. There is no disclosure or mention anywhere on the Comp's production volume capacity and sales volume. Banyak secretive. So the company's performance based on sales volume alone is subjective.

4. Need to look at the Comp's peers/competitors and consider who is cheap and has the most potential for further growth.

Regarding BPPLAS, I haven't done proper study yet. But at first glance...

1. Its profit and EPS have dropped substantially from the height of 2010.
2. Dividend payout ration is quite high.

Moving forwards, do you see positive signs of this counter?

Tightly controlled sometimes is good too:
- no wild price swings due to big institutional dumping/buying
- management = controlling shareholders = one aim

And as u noticed, zero borrowings. And quite healthy cash pile. Capex should be no problem to them.

I did analysis of financials from past 5 years...

CAGR about 7-8% over the past 5 years

Average payout was about 66% but past 2 years >80% payout

Very cash rich

Margins also improved based on latest quarterly figures

But, latest 9 months revenue, when annualised, dropped. This is the only red flag I see

Yeah quite a fair bit of buy calls based on the fundamentals, technicals and coz of two famous fundamental investors who are inside the top 10 shareholders list.

What's your CAGR based on? Revenue, PBT net profit or EBIT?
I calculated for 5 years 2011 to 2015 (TTM) only obtained CAGR for revenue about 4%. Net profit 1%.

Note: that's without considering into detail one-off items being incurred or earned. Too lazy to look into detail haha

Average of EBIT to revenue would be 6%.

Topline and PBT

I think 6 years, from 2010 to 2015

Sorry

Wow...Padini 1.90 coming soon

According to kcchong, the fair value for padini is 2.32



http://klse.i3investor.com/blogs/kcchongnz/87546.jsp

This post has been edited by Le Don: Dec 3 2015, 05:43 PM

Hmmmm noticed a few things about HHGroup:

1. Some monkeys must have spilled the beans on the Comp's results close to 25 Nov before announcement on 30 Nov.
2. Business seem to be slowing down due to China. I wonder how they will be affected based on the rumours/forecast of China's GDP expecting to grow at only 3 to 4% in the next few years.
Sales volume is down but they are being helped by forex gain on USD and RMB.
3. Massive expansion plans in Kelantan about RM31m capex. Expect to be fully operational probably by 4th quarter FY16 if everything goes well.

Mgmt must be very confident with their business to commit such capex even when overall economy doesn't seem to be doing well.

Should be interesting to see how they perform for 4th qtr results and after the new factory is up.

This post has been edited by TC-Titan: Dec 4 2015, 12:05 AM

HLB looks like gonna re-test one-year low

thanks for the observation!!

Bought some PoHuat at 1.74. Hopefully can huat

Lo and behold, KYY also has shares inside HHGroup! and just like that share price kabooom 9 cents up with a 15.9% return in one day.

Really cute la.

Wah ganas la u! haha you're looking for short term hike from 4th qtr results or long-term play?

I like your Mitra though

Pink spider Look what I ter-found....

Kenanga - CENTURY

If assuming worse scenario Century makes around 25m prov for the legal case and ends up paying for it. I think the entire amount will be non-deductible coz the expenses incurred is not related to producing gross income. So that would mean the wonderful EPS, PE, cashflow, reputation etc all will hancur. But this thing will pass in time la but the damage done could be detrimental.

What do you think?

If we ignore the legal case aside, the stock's fundamentals and prospects look lovely.