2015年9月16日星期三

堡发资源 美元走强激励净利


2015-09-16 13:30



目标价:3.64令吉
最新进展
堡发资源(POHUAT,7088,主板消费产品股)截至7月31日第三季,净利狂飙1.74倍,并宣布派息每股3仙。
当季净利从上财年同期的388万2000令吉,扬升至1062万8000令吉。
同时,营业额也从8911万9000令吉,年增26.2%,至1亿1250万令吉。
累积首三季,净利按年扬83%至2333万4000令吉;营业额则增16.6%,至3亿1375万令吉。
行家建议
堡发资源的业绩符合我们的预测,占全年总预测的63.8%,家具销售通常是第四季最强,因为需求会在年终佳节前涌现。
业绩走强主要归功于美元兑令吉升值、效率及经济规模改善。
由于销售主要以外币计价,尤其是美元,因此,美元走强估计将激励堡发的净利表现。
美国的新屋开工及二手房屋的销售数据出现正面迹象,这都是堡发家具出口的晴雨表,因此,未来盈利展望受看好。
另外,越南厂房在8月发生的火患,管理层也指出对营运的影响不大。


分析:达证券 

http://www.nanyang.com/node/723517?tid=462
---估计1~10~15 会议可宣市股拆与送warrant 批准,因此股价可稳定揚升.
     回跌是进入良机,拿warrant是良策.

Stock With Momentum: Poh Huat
By Asia Analytica / digitaledge Daily   | September 17, 2015 : 10:29 AM MYT

Poh Huat Resources Holdings Bhd (-ve)
FURNITURE manufacturer Poh Huat (Fundamental: 2.1/3, Valuation: 2.4/3) saw its share price rise to an intraday high of RM3.05, after releasing stellar 3QFYOct2015 results on Monday. The stock pared some gains to RM2.95 at market close.

Net profit for 3QFY2015 soared 174% y-o-y to RM10.6 million, boosted by higher margins from economies of scale as well as forex gains of RM3.4 million. Notably, net profit for 9MFY2015 totalled RM23.3 million, accounting for some 98% of 

FY2014’s full year net profit.  

The company also declared a second interim dividend of 3 sen per share, which will go “ex” on September 30. This brings year-to-date dividends to 6 sen. 

A pioneer in high-tech eco-friendly manufacturing, using natural veneer, solid and reconstituted wood-panels, Poh Huat has manufacturing plants in Vietnam and Malaysia. 

The stock trades at a trailing 12-month P/E of 11.2 times and 1.64 times book. 

 
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