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HOMERIZ (5160) : HOMERITZ CORPORATION BERHAD
ryuk
Member Star
Posts: 15
Joined: Apr 2012
01 Jul 2012, 10:04 PMPost #1
Another undervalued company. smile
azlan
Member Star
Posts: 45
Joined: Jan 2012
14 Sep 2012, 09:02 AMPost #2
Need to observe this counter.
Jazz888
Member Star
Posts: 1
Joined: Jun 2013
02 Jun 2013, 03:29 AMPost #3
0.355 now going too high, it hits once to 0.395 in Jan 11 this year, then after that kept going down till 0.295 in march 5. I am waiting 0.295 - 0.30 then I will chip in. thumbup
whatthesucks
Member Star
Posts: 3
Joined: Apr 2012
16 Aug 2013, 07:48 PMPost #4
0.46 thumbupthumbup
ILoveDividend
Member StarMember Star
Posts: 521
Joined: Dec 2011
24 Jan 2014, 07:41 PMPost #5
Very good report. I think it is time to buy it. HOMERITZ is in net cash position with around 21cents/share. Dividend of FY 2014 could easily hit 4 cents. wub
ILoveDividend
Member StarMember Star
Posts: 521
Joined: Dec 2011
05 Feb 2014, 09:07 AMPost #6
Bought 100 lots @ RM0.65 yesterday. thumbup
wongseetung
Member Star
Posts: 7
Joined: Jul 2014
09 Sep 2014, 12:33 PMPost #7
A very well managed company indeed.
ctchew
Member Star
Posts: 1
Joined: Oct 2014
04 Nov 2014, 09:20 PMPost #8
A very well managed company indeed.wongseetung @ 09 Sep 2014, 12:33 PM
lollollol
erkongseng
Member Star
Posts: 285
Joined: Mar 2014
20 May 2015, 06:30 PMPost #9
thumbup
今天继续向上,收市作RM1.38 ,这个是有关系的,其他出口股也看到上升情况,homeriz有更好的因素进入和持有,
7月Q3业绩我相信超过700万的净利和派息,这使更多人愿意守住,并等到9月份的红股与WARRANT后,
然后等WARRANT上市,再次高歌,10月Q4业绩将是喜悦的并再次享受股息,因此到今年底可以守着此股,看股开心,
哈哈,只供参考,进出自负.
Ringgit opens lower versus US dollar
Publish date: Wed, 20 May 2015, 10:30 AM
KUALA LUMPUR: The ringgit extended its losses to open lower against the US dollar on continued profit taking activities as investors remained on the sidelines ahead of the release of inflation data on Friday, dealers said.

At 9.05 am, the local unit declined against the US dollar to 3.6080/6120 from 3.5900/5930 on Tuesday.

However, against other currencies, the ringgit opened mixed.

It weakened against the Singapore dollar to 2.7010/7046 from 2.6956/6991 yesterday but appreciated against the yen to 2.9843/9883 from 2.9912/9942 previously.

The local currency eased against the British pound to 5.5935/6011 from 5.5814/5882 on Tuesday but strengthened against the euro to 4.0164/0220 from 4.0186/0227 yesterday. - BERNAMA
Homeritz - Visit to Homeritz’s 5 existing plants
Date: 20/05/2015

Source : HLG
Stock : HOMERIZ Price Target : 1.54 | Price Call : BUY
Last Price : 1.38 | Upside/Downside : +0.16 (11.59%)

Back

Highlights
We recently organised a plant visit to Homeritz’s 5 manufacturing factories in Muar, Johor and left feeling positive about its business model, manufacturing capabilities and prospects.
On average, Homeritz exports 158 containers of furniture product/month or utilisation of 80-85%. However, the group has experienced peak production of more than 172 containers. Presently, Homeritz’s production is still running on 1 shift per day of 8 hours for 6 working days per week.
Homeritz is currently running a total of 5 plants with total built-up area of 455,000 square feet. The 5 plants are located within close proximity, leading to quicker time-tomarket, more efficiency and greater economies of scale. Hence, the Group is able to have better control over production costs as well as quality of their products.
Factory A and B commissioned operation in Jan 05 and Nov 06 respectively. Factory A’s main functions include administrative office, storage of raw materials, drawing & cutting sections as well as studio & showroom while plant B is running sewing section.
Besides, factory D and E deals with woodworking section (dining chair frames and dining tables) and stainless steelworking section respectively.
After the wooden base frames, leather and other upholstery materials are received, fully treated and inspected by the quality control personnel, they will be sent to factory C for assembly work.
Homeritz owns a vacant land of about 84,507 square foot close to its 5 existing factories. Based on management’s guidance, RM3m is needed to set up a new factory. We expect this new landbank to be a re-rating catalyst for Homeritz in coming years.
Forecasts
Unchanged.
Rating
BUY

Positives

(1) the group could benefit from strong USD; (2) its revenue and PATAMI are expected to grow at CAGR of 8% and 14% respectively from FY14 to FYE16; (3) it has net cash per share of 23 sen; and (4) Still attractive FY15E DY of 3.8%, based on 40% payout ratio.
Negatives

Depreciation of USD vs. MYR; high raw material prices; high labour costs; unexpected economic downturn; and production or operational risks.
Valuation
Maintain BUY with unchanged TP of RM1.54 based on 10x P/E given increasing consumer demand in global market, stronger USD, margin expansion and solid earnings base.
Source: Hong Leong Investment Bank Research - 20 May 2015
WendyCMK
Member Star
Posts: 5
Joined: May 2015
11 Jun 2015, 05:10 PMPost #10
The company has purposed bonus issues and warrants, hope to the good news will be confirmed and announced at soonlol
erkongseng
Member Star
Posts: 285
Joined: Mar 2014
02 Jul 2015, 02:52 PMPost #11
yeah
个人估算,
3-7-2015 除权,现价位rm1.50 ,若维持此价,红股后价位为rm1.00
从warrant转换价rm0.92 看,warrant上市最低都有rm0.20吧,
7月底的美丽业绩和股息会是支撑股价,目前时候还是进这种出口股安全.
供参考.
erkongseng
Member Star
Posts: 285
Joined: Mar 2014
10 Oct 2016, 10:28 PMPost #12
Buy in 5160 homerlz rm 0 .925
估计2016 eps=10 sen,pe=11,stock price=rm1.10
c2kc2k
Member Star
Posts: 39
Joined: Sep 2014
20 Dec 2016, 03:46 PMPost #13

Really cash rich company. 

ILoveDividend
Member StarMember Star
Posts: 521
Joined: Dec 2011
20 Dec 2016, 10:42 PMPost #14
Really cash rich company. 
TE=c2kc2k @ 20 Dec 2016, 03:46 PM

 

Yes, it is cash rich company. But i think it is trading at fair value now. Moreover, furniture is facing down cycle now, you can see this from Liihen, Latitude & Jaycorp.

c2kc2k
Member Star
Posts: 39
Joined: Sep 2014
02 Jan 2017, 01:26 PMPost #15

No worry, I believe management from homeritz will overcome it very soon. I trust them.

Sebie_Kelate
Member StarMember Star
Posts: 746
Joined: Dec 2016
05 Mar 2017, 12:27 PMPost #16

monthly, major uptrend.

weekly chart,

daily chart - showing bullish engulfing 

ONLINE coaching - Group Premium Student Mahersaham

 

Sebie_Kelate
Member StarMember Star
Posts: 746
Joined: Dec 2016
02 Apr 2017, 04:13 AMPost #17

ONLINE coaching - Group Premium Student Mahersaham

Sebie_Kelate
Member StarMember Star
Posts: 746
Joined: Dec 2016
02 Apr 2017, 04:19 AMPost #18

ONLINE coaching - Group Premium Student Mahersaham

IVKLSE
Member Star
Posts: 172
Joined: Aug 2015
03 Jul 2017, 12:18 AMPost #19

HOMERIZ 2016 annual report review:

http://ivkls.blogspot.my/2017/07/stock-review-homeriz-5160-homeritz.html

Kindly review and comment

mr investor
Member Star
Posts: 40
Joined: Sep 2017
10 Sep 2017, 10:25 PMPost #20

My article about Homertiz, do take a read to find out more about this counter !

https://mrinvestor12.blogspot.my/2017/09/home-with-homeritz.html

Free to comment,

Cheers !


yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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