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Overview
Financial Highlight
Headlines
Business Background Harrisons Holdings (Malaysia) Bhd is a sale, marketing, warehousing, distribution, and services organisation in Malaysia. It has two reporting business segments namely Trading and distribution which consists of key activities of marketing, sales and distribution of fast-moving consumer goods, building materials, industrial and agricultural chemical products, liquor products, and engineering products whereas Others segment comprises of shipping agency, insurance agency and travel agency commissions, income from investment in marketable securities and property rental income. It operates primarily within Malaysia for its trade and distribution business and contributes majorly to the company's operations. Trading and distribution segment operations generate major revenue for the company.
  tokohM this counter though it is good but you keep mentioning dividend jump, is this year dividend payout is consistent? Is this company has fixed dividend policy like HAIO, Padini etc 21/04/2017 4:54 PM  calvintaneng Hi guys, Over the past few days JOHOR SIFU again messaged me MORE SALIENT POINTS ON HARRISON 1) "I see, I think quite a great support at this level and will move up when it approaches dividend ex-date 2) "If anybody with Rm100 million, they will not jump into this business as margin is rather thin. They will prefer doing property business which is one off" 3) "Put it this way, nature of this type has high barriers of entry" 4) "Margin no doubt is thin like YeeLee, DKSH, but collection normally sure because if the retailers refuse to pay, they will not be able to get necessary supply" 5) "It is a good sign the management up its dividend pay out from 150 to 250 without any demand from shareholders in view of their suffering year 2014 and 2015 when company was fined by custom department (2014) and fire incident in one of its warehouse (2015). If nothing unfortunate happen, I think the company will continue its dividend payout at this amount" 6) "The amount must also commensurate with the level of share price" 7) "As it still has plenty of Cash. Above Rm80 millions Cash or even higher in the Company." 8) "Cash as standby for emergency use, in fact is excessive, it has no problem of maintaining same level of dividend of 250" Calvin comments: As an experienced auditor with careful scrutiny of accounts JOHOR SIFU has pointed out all these salient facts. There is no guessing game here. Real, down-to-earth investment in Growth - Dividend based Stock like Harrison for longer term. As he thinks HARRISON's Fair Value is Rm4.50 so as price is still below Rm4.00 it will be worth buying some if you have not done so. 23/04/2017 8:31 PM zexon Facing some head winds at KK, DKSH is very keen to gain the market share in Sabah. 26/04/2017 10:40 AM calvintaneng DKSH is strong in West Malaysia while HARRISON's Stronghold is in East Malaysia see http://kassimsthoughts.blogspot.my/2014/04/harrisons-kingpin-of-east-malaysia.html 26/04/2017 11:39 PM Diamond7 Directors, Got bonus or not? Any share split... Otherwise wanna take profit lor!!! 02/05/2017 4:40 PM Bensonlim Undervalued with 71% discount..buy buy buy..i m from Myanmar with slush of funds..coming in before it fly 19/05/2017 11:40 AM calvintaneng Whoa! Good results Revenue Up! Profits Up!! NTA also Up!!! Rock solid growth all round! 25/05/2017 2:05 AM calvintaneng Seabass Price should be well supported when 25 sen dividend gets nearer. So just hold tight 31/05/2017 12:23 AM Apollo Ang but after ex later become 3.85,like most ex dividend counters,after ex down 31/05/2017 12:26 AM Kensington A bell-weather stock in Bursa - still holding up very well during turbulent times like this. Since no share premium account don't expect bonus anytime now. If continue to give 25 sen final dividend would be good enough. 09/02/2018 1:20 PM LEONGLEONG Share price of Harrisons remained steady and virtually unchanged all these months. Investors should look forward HAPPILY to a conservative 15 sen to 25 sen dividend expected to be announced before end of April. 10/04/2018 10:35 AM Lim Tek Wai dont worry wait 9/5 vote to harapan and they win This share sure sire like waterfall lets see :) 13/04/2018 4:47 PM LEONGLEONG A 20 sen dividend at current share price of RM 4 equivalent to a 5% yield which is even higher than the fixed deposits rate offered by banks. There are not many stocks that offered such 5% yield. Beside such good dividends yield, Harrisons' business is a stable one with consistent earnings year after year. It is no surprise that the share price of Harrisons remained unscathed all these while during the collapse share prices of so many stocks. 21/04/2018 12:24 PM  paperplane Prospects for Current Year The market condition continues to remain competitive and challenging in year 2018. Cement sales is expected to be weak as the oversupply situation remains. The existing main fast moving consumer goods agencies are expected to grow modestly. The management will proactively monitor our trade credit exposure in managing trade receivables. There are no material adverse foreseen factors affecting the group operations. 23/07/2018 1:29 PM shpg22 Dividend payout is sustained thru increase in borrowing over years not thru FCF. Its FCF is quite poor tho. Lets see how long it can sustain this policy. 10/06/2019 6:29 PM kisahbenarbro It dah jadi profitable over the past 5 years, growing earnings by 15% per year. Earnings growth over the past year exceeds its 5 tahun average and over the past year MELEBIHI Trade Distributor industry. Balance sheet yang AMAT KUAT. Debt is well covered by operating cash flow. Begitu juga interest payments on its debt are well covered by EBIT iaitu 5kali coverage. Memang trading below fair value. Counter yang interesting to study and hold 28/03/2020 8:18 PM henry888 @calvintaneng. Hi, Have not seen your posting since 6/2/2018. Appreciate if you can give advice. Thanks. 19/04/2020 8:48 AM paperplane ANOTHER 0.20, sui sui. Compared to FD now so sucks, bersyukur lah. kekeke 15/07/2020 8:18 AM paperplane company generating Operation cashflows ard RM1 a year, with current RM4 per share, superb value 15/07/2020 11:54 AM minajesty Wah very undervalued this company. Earnings have been really superb! Balance Sheet super healthy and pays a high dividend yield. Right now PE at 9.8 and PB and 0.8 is truly a bargain! For long-term value investors this is definitely a pick! 12/02/2021 3:34 AM  |
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