Highlights
KLSE: POHUAT (7088)       POH HUAT RESOURCES HOLDINGS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
1.52   0.00 (0.00%)  1.52 - 1.52  12,000
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Ann. Date Ex Date Payment Date Type Subject Amount View
02-Mar-2001 30-Mar-2001 20-Apr-2001 DIVIDEND First and Final Dividend 5% Dividend Detail
25-Mar-2002 17-Apr-2002 29-Apr-2002 DIVIDEND First and Final Dividend 2% Dividend Detail
02-Apr-2003 09-May-2003 28-May-2003 DIVIDEND First and Final Dividend 2% Dividend Detail
22-Jul-2003 06-Aug-2003 08-Aug-2003 RIGHTS_ISSUE Rights Issue 1 : 4 Dividend Detail
01-Oct-2003 20-Oct-2003 22-Oct-2003 BONUS_ISSUE Bonus Issue 1 : 2 Dividend Detail
07-Apr-2004 11-May-2004 28-May-2004 DIVIDEND First and Final Dividend 2% Dividend Detail
18-Apr-2005 05-May-2005 23-May-2005 DIVIDEND First and Final Dividend 2% Dividend Detail
06-Apr-2006 04-May-2006 22-May-2006 DIVIDEND First and Final Dividend 2% Dividend Detail
29-Mar-2007 04-May-2007 22-May-2007 DIVIDEND First and Final Dividend 2% Dividend Detail
04-Apr-2008 06-May-2008 22-May-2008 DIVIDEND First and Final Dividend 4% Dividend Detail
03-Apr-2009 06-May-2009 22-May-2009 DIVIDEND First and Final Dividend 2% Dividend Detail
21-Aug-2009 04-Sep-2009 08-Sep-2009 BONUS_ISSUE Bonus Issue 3 : 10 Dividend Detail
06-Apr-2010 06-May-2010 21-May-2010 DIVIDEND First and Final Dividend 2% Dividend Detail
30-Mar-2011 05-May-2011 18-May-2011 DIVIDEND First and Final Dividend 2% Dividend Detail
27-Mar-2012 07-May-2012 18-May-2012 DIVIDEND First and Final Dividend 2% Dividend Detail
03-Apr-2013 07-May-2013 20-May-2013 DIVIDEND First and Final Dividend 2% Dividend Detail
28-Nov-2013 11-Dec-2013 08-Jan-2014 DIVIDEND Special Dividend 2% Dividend Detail
01-Apr-2014 07-May-2014 19-May-2014 DIVIDEND Final Dividend 3% Dividend Detail
10-Sep-2014 08-Oct-2014 07-Nov-2014 DIVIDEND First Interim Dividend 3% Dividend Detail
31-Oct-2014 06-Jan-2015 06-Feb-2015 DIVIDEND Second interim dividend 2% Dividend Detail
19-Mar-2015 06-May-2015 18-May-2015 DIVIDEND Final Dividend 3% Dividend Detail
10-Jul-2015 21-Jul-2015 12-Aug-2015 DIVIDEND First Interim Dividend 3.0000% Dividend Detail
14-Sep-2015 30-Sep-2015 16-Oct-2015 DIVIDEND Second interim dividend 3.0000% Dividend Detail
02-Oct-2015 16-Oct-2015 20-Oct-2015 STOCK_SPLIT Subdivision 2 : 1 Dividend Detail
02-Oct-2015 16-Oct-2015 20-Oct-2015 BONUS_ISSUE Bonus Issue 1 : 4 Dividend Detail
21-Dec-2015 06-Jan-2016 22-Jan-2016 DIVIDEND First Interim Dividend 4.0000% Dividend Detail
29-Mar-2016 10-May-2016 19-May-2016 DIVIDEND Final Dividend 4.0000% Dividend Detail
30-Jun-2016 15-Jul-2016 29-Jul-2016 DIVIDEND Second interim dividend 4% Dividend Detail
26-Sep-2016 22-Nov-2016 15-Dec-2016 DIVIDEND Interim Dividend 4% Dividend Detail
24-Feb-2017 05-Apr-2017 21-Apr-2017 DIVIDEND Final Dividend RM 0.02 Dividend Detail
22-Mar-2017 30-Jun-2017 21-Jul-2017 DIVIDEND First Interim Dividend RM 0.02 Dividend Detail
25-Sep-2017 27-Dec-2017 15-Jan-2018 DIVIDEND Special Dividend RM 0.01 Dividend Detail
25-Sep-2017 13-Nov-2017 30-Nov-2017 DIVIDEND Second interim dividend RM 0.02 Dividend Detail
26-Feb-2018 26-Apr-2018 15-May-2018 DIVIDEND Final Dividend RM 0.03 Dividend Detail
26-Jun-2018 02-Aug-2018 27-Aug-2018 DIVIDEND First Interim Dividend RM 0.02 Dividend Detail
29-Oct-2018 28-Nov-2018 20-Dec-2018 DIVIDEND Second interim dividend RM 0.02 Dividend Detail
29-Oct-2018 28-Nov-2018 20-Dec-2018 DIVIDEND Second interim dividend RM 0.02 Dividend Detail
29-Apr-2019 13-May-2019 29-May-2019 DIVIDEND Final Dividend RM 0.02 Dividend Detail
04-Jul-2019 29-Jul-2019 15-Aug-2019 DIVIDEND First Interim Dividend RM 0.02 Dividend Detail
20-Sep-2019 30-Oct-2019 14-Nov-2019 DIVIDEND Second interim dividend RM 0.02 Dividend Detail
04-Oct-2019 13-Dec-2019 03-Jan-2020 DIVIDEND Special Dividend RM 0.01 Dividend Detail
Trade this stock with 3 x trading limit. Find out more.

  13 people like this.
 
cherry88 @anti_otb. Good idea. Why I never think of it ? Don't argue. Haha. Anyway, my exposure to furniture stocks (Poh Huat, LiiHen, Homeritz) could last toward end of Dec. Personally (just gut feeling, no proper justification), market may be in a perfect storm next year. Hold more cash....
21/09/2019 12:12 PM
Davidl Time to load more!
21/09/2019 3:55 PM
WhiteWolf Super dangerous when one has to make investment decisions based on the whims and fancies of Donald Trump.

If he decides to continue on with trade war, then it might actually benefit ASEAN countries. But what if tomorrow they come to an agreement and he pulls back the tariffs? Headache woooo investing like this..
22/09/2019 8:38 AM
Davidl Believe it or not, trade war is a never ending story b4 2021
22/09/2019 1:45 PM
yfchong Ok huat is near now...
22/09/2019 7:47 PM
ahbah Poh Huat ... Buy
23/09/2019 3:54 PM
cherry88 @anti_otb. I think we need to respect the market. It is "proven" that the warrants is trading at 2sen (theoretically) discount against the mother shares, due to its coming 2 sen dividend on 30/10. We should continue take profit (or avoid) warrants if trading within 2 sen discounts against the mother shares. Given its rather high price level, we should take profit anyway. No point to hold long term for warrants. If really want to have position in warrants, then wait to buy after 30/10. Because the share price will "adjust" 2 sen downward on 30/10.
Again, BUY on rumour and SELL on fact still prevail in the market.
24/09/2019 8:47 AM
cherry88 Wah...Affin maintain its target price at RM1.48 while TA upgrade to RM2.06. why so much difference ? Let's take average of RM1.77 with our target (revise downward from RM2)
24/09/2019 10:39 AM
lloydlim Affin shall set target price at 1.38
24/09/2019 1:41 PM
ahbah Poh Huat ... a darling here but a nobody's child today, down 3 sen now.
24/09/2019 3:18 PM
Fabien "The Efficient Capital Allocater" Posted by cherry88 > Sep 24, 2019 10:39 AM | Report Abuse

Wah...Affin maintain its target price at RM1.48 while TA upgrade to RM2.06. why so much difference ? Let's take average of RM1.77 with our target (revise downward from RM2)


What you should focus from their reports is their earnings forecast.

FY2021
Affin 23.7sen
TA 22.7sen
AmInvest 22sen

FY2020
Affin 21.8sen
TA 20.5sen

The forecasts are fairly similar. what differs in their target price is the choice of PE multiple, which is driven by market sentiment.

as highlighted by AmInvest, very likely a favourable bias towards market perception for furniture stocks given the positive structural change i.e. trade diversion from the trade war benefiting furniture companies, particularly PoHuat.

do their valuations deserve a 7x, 8x or 10x? is anyone guess. but what is certain positive catalysts is in place. their earnings for FY2019 would be significantly better.

Management sounds positive too.
"The protracted trade war has resulted in the shift in the global supply chain and bought about some positive surprises to several countries in the South East Asia region. For the global furniture trade, Vietnam is expected to benefit the most, with furniture exports increasing by 30% this year, followed by Malaysia as orders shift to
these South East Asia exporters. There are now clear indications of permanent structural changes in the supply chain as more and more manufacturers relocate out of China to this region.

As part of the global supply chain, we have registered increased orders for both our Malaysian and Vietnamese operations. We have adapted our production activities to accommodate a wider range of products for our US customers. We are beginning to see improved operational results, particularly from Vietnam where we have
enjoyed smoother production runs following the adjustment period."

net cash of 43sen, valuation is dirt cheap considering current PE is only 6-7x.
24/09/2019 4:22 PM
Fabien "The Efficient Capital Allocater" @cherry88

i believe PoHuat has the potential to increase their dividend payout. over the last 2 years, they have spent a substantial amount of capex. moving forward, capex is lower hence higher FCF supporting higher dividend. look at latest quarter, their FCF has increased substantially, amount to 8% cash yield.
24/09/2019 4:28 PM
Davidl Market sentiment turns bad
25/09/2019 2:26 PM
ahbah FURNITURE from China to the US is on the long list of goods that have been slapped with tariffs by the US Commerce Department since a year ago. The tariffs have increased from 10% in September 2018 to 25% in June 2019. Another round of increase to 30% is expected in December, should there be no change of heart by the US president.

With no resolution between the two economic superpowers expected to happen anytime soon, there are views that Malaysian furniture makers are emerging as big beneficiaries of a trade diversion as a result of the trade war.
25/09/2019 5:20 PM
ahbah Malaysian furniture makers ... market darlings soon ?
26/09/2019 9:21 AM
cherry88 Given the recent rather weakening of Ringgit (at RM/USD at 4.19 level compare to 4.15 level previously) + trade war (trade diversion), furniture sector should be in good position. What is fair value is multi-million question. On average it is at PE of 7x to 10x. Should Poh Huat continue to pay dividend (like LiiHen and Homeritz), Conservatively, it should valued at RM1.68 (based on PE of 7x at EPS of 24sen).
Technically, most selling (or profit taking) are almost over, witnessed but its rather low valoum for the last 2 days. whatever buying now is for longer term trade now. To me, it is time to load up or buy now at RM1.53.
26/09/2019 11:06 AM
Fabien "The Efficient Capital Allocater" in my opinion, PE 7x is unreasonable. strip of 43sen net cash, we are talking about PE of 3-4x.

not like the company is destroyer of value. top and bottom line growth. strong balance sheet. healthy free cash flows. ROE >10%.
26/09/2019 2:52 PM
Fabien "The Efficient Capital Allocater" John Neff and Peter Lynch would have endorse Poh Huat!
26/09/2019 2:55 PM
cherry88 @Fabien, what's your value on PH ?
26/09/2019 5:02 PM
ahbah PH's tp = Rm1.48 by Ah Fin Research. Silly research done by Ah Fin ?
26/09/2019 9:27 PM
ahbah Poh Huat .... a hopeless counter lah.
30/09/2019 10:47 PM
ahbah Stock Name: POHUAT (7088)
Entry: Buy above RM1.54
Target: RM1.60 (3.9%), RM1.64 (6.5%)
Stop: RM1.51 (-1.9%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online
01/10/2019 9:27 AM
Cf81 Jaycorp more power...
01/10/2019 10:44 AM
acs4339268 If can break up 1. 60, po huat can fly high
01/10/2019 11:41 AM
Davidl Time to accumulate!
02/10/2019 11:04 AM
skl_81 What happen this stock price can't up?
Low PE
High net cash
High products demand
High currency US vs MYR
High dividends
High ROE
02/10/2019 2:40 PM
lcng123 Low vol
02/10/2019 3:15 PM
ahbah All players already given up hope on Poh Huat ?
02/10/2019 3:18 PM
lcng123 Investors worry the China furniture players shift the factories to Vietnam and compete with Pohuat Vietnam factory.
02/10/2019 4:54 PM
lloydlim It will shoot up after market makers taken profit from tech stocks rally recently.
02/10/2019 6:04 PM
skyea director is selling woh
03/10/2019 3:03 PM
Cf81 Where?
03/10/2019 3:40 PM
Fabien "The Efficient Capital Allocater" assuming mean PE of 8x on lowest end earnings estimates 22sen = 1.76
plus net cash of 34sen, you should be looking at least 2.10
04/10/2019 1:20 PM
yfchong Special 1cts.
05/10/2019 11:04 AM
cherry88 Why they don't declare 3 sen directly at their recent results announcement ? So, we can expect 2 sen in Nov and 1 sen in Jan. Anyway, it is a good news. and we can expect it will declared at least full 8 sen per year from now, given their results could be much better than last year.

A caution to warrants holders - it is "proven" that the warrants price will always trading in par or at some discount against mother shares. Because warrants holders will not entitle the dividend (now is 3 sen). Market has participated on the discount and will always trade 3 sen discount against the mother shares. Should switch to mother shares if possible, unless its discount is more than 3 sen.
Mother shares will adjust by 2 sen on 30/10 and 1 sen on 13/12 due to the ex-date of the dividend.
05/10/2019 11:32 AM
shareinvestor88 SELL TP 50c
06/10/2019 1:06 PM
yfchong Uncle Koon holds po huat...?
09/10/2019 12:56 PM
Davidl 首半年总额近50亿 家具出口同比增8.7%, 下半年有望达70亿
11/10/2019 1:00 PM
skyea I have studied the details of Thong Guan, Guan Chong, Lii Hen, Poh Huat, PIE Industries and Kronology. They all complied with my golden rule for share selection which is that the company must report 2 consecutive quarters of increasing profit and the projected PE must be less than 10. Unfortunately, they are so illiquid and the daily volume traded for each counter is very small. For illustration just look at the current trading at 11.00 am. Thong Guan 69 lots traded, Guan Chong 112 lots, Lii Hen 34 lots and Poh Huat 67 lots. In fact, I have bought almost all the shares as mentioned.

https://klse.i3investor.com/blogs/koonyewyinblog/229048.jsp
11/10/2019 6:42 PM
yfchong Po huat......uncke not intetested
13/10/2019 10:06 AM
chia88 A few weeks ago, I bought 300,000 Poh Huat shares within 2 hours because many shareholders are waiting for buyers. It took me 5 trading days to sell them at lower prices than my cost. You may like to test this for yourself.
13/10/2019 11:29 AM
ahbah Poh Huat is far too small for an dinosaur like kyy to get out lah after having a good meal on Poh Huat.
13/10/2019 11:36 AM
shpg22 The golden rule of 2 consecutive quarter of increasing profit will not work for most stocks. If it is that simple, cow also can be rich. Only selective stock that KYY want to goreng will comply to this rule.
13/10/2019 11:37 AM
Davidl His statement is misleading investors
13/10/2019 3:10 PM
skyea Ya just saw his latest post clarifying. Well at least now we know qualified stock is pohuat. When pohuat become hot stock n volume comes....his last criteria is met...then only he help us push? Haha
13/10/2019 3:47 PM
skyea Eitherway if its a good stock, n he cant buy it but we ikanbilis can...i dont see why we shd shun it.
13/10/2019 3:48 PM
skyea Dont forget he bought liihen n latitude b4. Those were thinly traded b4. So, never say never...
13/10/2019 3:49 PM
ahbah Poh Huat ... a buy for ikan bilis only, not for dinosaur like kyy
13/10/2019 4:04 PM
skyea come to think of it, if company meet profit growth criteria, and kyy decides not to buy bcs of liquidity. thats totally up to him. but in bursa, there are so many more large investors who are just as rich, one or 2 of these decide to nibble a bit already the share price will increase. so we dont really need kyy lah. plenty of other sharks in the sea.
14/10/2019 2:08 AM
yfchong Meat to others....
15/10/2019 9:47 AM


 

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