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congrats, Remus and all faithful Homeriz shareholders. highest eps in recent years with U.S. and Europe revenue improving yoy. share buybacks approved in AGM too. maintaining it's status as the highest net margin among the furniture companies; thanks to diligent cost improvement via investment on machineries. R&D expenses remains healthy.
longer term - Homeriz continued to improve it's efficiency via investment on machineries to reduce the dependencies on labor. 2019 saw investment about 6.5M on machineries and land acquisition of 3.5M. RD expenses at 1.6M to boost it's upholstery furniture design for it's ODM. it has the capacity to support OEM business well. diversified across different market - Africa, US and Europe, Asia and APAC and Malaysia market. inventory turnover approx 3x which is about 4 months.
bad market = timely corrections. war history and financial markets has always been down initially and rebounded strongly thereafter. Pearl Harbor, Sep11 - markets came down and then rebounded. :)
