Chard's comment on HOMERIZ. All Comments

Chard
3 Like · Reply
For those who are concerned, Homeriz-WB will be listed on 9th July 2019.
Jia Hoong Chi
Yes, listed 0.085
1 Like · 4 years · translate
cheng
Homeriz-WB should be in your account today for those eligible :)
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Sean L
still, expensive to convert
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cheng
20 lots were bought before the ex date or after?
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eng hock ooi
Goh, what is your thoughts on homeriz report? Can buy for long term?
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david
Chung, u only can get 3lots base on 12lots before ex.
1 Like · 4 years · translate
cheng
all is good then, Ferrari.
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cheng
hi eng hock, it depends on your investment objectives. I can share my opinions but please exercise your own due diligence as my opinions could be wrong and different investment objectives.
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cheng
imo - it's a good QR as the company recorded 18.65% net profit margin, highest for the last two years at the back of myr weakening and low mat cost. the company has been investing on equipment to reduce dependency on foreign workers. there is also foreign worker levy reduction announced for this year by the government which will help it's bottom line
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1 Like · 4 years · translate
cheng
the company announced first interim dividend of $0.02 cents. do take note that total dividend payout for 2018 is $0.025 cents with $0.01 cents first interim dividend. it is possible that total dividend payout for 2019 may exceed $0.025 cents. imo - the per share value for Homeriz is worth $0.83 cents with present assumptions and with 15% rate of returns and $0.025 cents total dividend payout for 2019, the intrinsic value is $0.67 cents.
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1 Like · 4 years · translate
cheng
personally for me, it is a good buy for a dividend stocks when it is selling below it's intrinsic value. technically, the price actions showing double bottom at $0.58 cents and price has rebounded since then. a 30% margin of safety from it's per share value is also at $0.58 cents :) these are just my opinions and could be wrong. hope it helps with your research.
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1 Like · 4 years · translate
eng hock ooi
tqvm for your detail opinion, Goh. interesting learning.
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david
Thanks goh for sharing. Very informative
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cheng
you are welcome, eng hock. good luck. hope it helps with your research.
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cheng
you are welcome, david. please exercise your own due diligence as my opinions could be wrong.
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david
Walao, waarant B so cheap.. Ppl still selling like crazy... Wordless.
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cheng
free market. first day listing. in the money and 3 years to go. there will be some who will sell their free warrants and some will hold it. many more pro traders without the free warrants will be trading the warrants itself without converting to mother share.
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Like · 4 years · translate
Chard
Hello Goh, nice meeting you here. I'm very impressed with your detailed analysis and explanation as always. This company has a very healthy balance sheet, net cash company so i think it's a good stock for long term investment as well.
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cheng
hi Impeccable, nice meeting you. thanks and always good to have everyone sharing their opinions. agreed with your comments on it's balance sheet. going at this rate, there is a possibility that it's fcf will match the level of $22M seen back in 2017, dipped to $14M in 2018 and currently trending healthily at approx $15M fcf based on it's latest quarter report.
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Jason Lam
Just get free warrant in my account
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Sean L
no one want wa anymore... all rush into wb
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cheng
lots of money there for the pros. the former (wa) is out of the money and the latter (wb) is in the money. they make money on both. the knowledge and experience they have is amazing. small fish like us won't stand a chance there.
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david
Sold all the wb at 17, 400lots...cash out some money while wait for 2sen div from mother.
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cheng
nice, David. Minus out the cash flow generated from the total shares value you are holding, your avg price for Homeriz will be really low. you are in for a good run. congrats!
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david
Same to u... I top up at 62 in order to get free warrent. Wrong infor given by remiser as told mother share will revise down which I doubt. But I choose to believe. If not I win really big
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cheng
I will hold the warrant B for now as it's just the first day. what is important is that the company continues to keep it's balance sheet clean and healthy, drive efficiencies to further improve it's margin, which will lead to higher profitability and dividend for it's shareholders.
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eng hock ooi
Holy molly, Goh. 0.67 cents. Dang...
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cheng
best to follow your own plan and objectives, eng hock.
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david
IB target price 71sen. Look like not much margin
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cheng
Ooh, that's nice. investment bank target may change upward or downward; change is the only constant. if you have faith in it's prospects, keep your average low near it's NTA. you get to ride it's trend, stay long and collect dividend. capital appreciation is a bonus. just my opinion.
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cheng
sold wb. thank you, Homeriz. unless the mother share goes up significantly to above 0.80 cents, wb rise will be dampened.
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eng hock ooi
thanks, Goh. I managed to buy mother share at 0.67. mother share going up now. Will buy more if it goes down below 0.67
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cheng
you are welcome, eng hock. imo - do consider to exercise zero cost averaging by locking in some profits if you intend to stay long and enjoy it's dividend. a safe level would be near it's 30% margin of safety at 0.58 cents. Good luck.
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eng hock ooi
thanks, Goh. noted. May I know what is your average price?
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cheng
hi eng hock, it was 0.63 cents as of last week. sold the free wb and some of the mother shares to reduce my avg price. it's 0.55 cents now. lesser qty, lower gains, but lower holding cost which allows me to withstand the price fluctuations. I will further reduce it if the price goes beyond its valuations from my perspective or add if it goes below its intrinsic value as long the fundamentals remains the same. that's just my plan and best to follow your own plan. hope it helps.
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Time and Space
Cheng, can teach me count the intrinsic value for N2N?
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cheng
hi Sean, we can continue to exchange opinions at our usual commentary board :) else, we will bombard the commentary here with lots of discussions. anyway, have you researched the topic that I shared to you? we can use n2n as example. hope you will spend some time doing so as (1) you get to understand the model and apply it (2) don't take my words as it is (3) you can also share it with your friends if you find it useful.
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1 Like · 4 years · translate
cheng
I am using both dcf and ddm to determine the intrinsic value. often, ddm is used for dividend stocks. set 15% as my preferred rate of returns. different individuals have different preferred rate of returns.
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cheng
for n2n, can start to pay attention at the price of 0.74 cents and below. Just my opinion and maybe wrong.
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Chard
Good evening Cheng, you guys can continue to comment here without worries. I'm keen to increase my knowledge and i believe these are beneficial for other readers as well :)
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cheng
sounds good, Impeccable. I am keen to learn from everyone too.
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Time and Space
Thanks bro Impec
Thanks Cheng. Lately work abit pack. Will take your word and take times for self learning. Appreciate alot.
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cheng
you are welcome, Sean. focus on ddm first as dcf is quiet difficult and since your favourite is dividend play. for n2n, assuming rate of returns of 15%, and tp of 0.93 cents by Aminvest to be achieved by next year, and a dividend of 0.02 cents per year, the intrinsic value for n2n by ddm imo is 0.74 cents. 2018 announced a 0.04 cents div and I am using 0.02 based on 5 yrs avg. hence, when it is selling at or below it's intrinsic value for a dividend stock, it can be considered for entry.
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cheng
noticed that price has rebounded from the low of 0.70 cents. if you have initiated a position, do exercise zero cost averaging to bring down your avg price to its intrinsic value if you intend to stay long and collect dividend. higher div payout and capital appreciation along the way will be a bonus.
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cheng
from a fcf perspective, I had a quick look at it's annual report, and 2017 recorded approx $33M fcf and 2018 recorded approx $15M fcf which is a sell signal by May 2018 when the annual report was released. latest qr showing -ve fcf and good to monitor the progress quarterly. technically, seeing double bottom at 0.70 cents. a retracement will bring it down to 0.78 - 0.74 cents region. hence, the idea to bring down avg cost to the region will have minimal impact.
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1 Like · 4 years · translate
cheng
from a dcf perspective, if n2n can achieve it's previous fcf of $33M by next year through the asia trading hub platform, continuous growth from it's hong kong operations, total 597 million shares, 3% perpetuity growth rate, discount rates of 9%, imo - the per share value can go up to $1.05. a 30%, 40% and 50% margin of safety for a safe entry will then be at $0.74, $0.63 and $0.53 cents. these are just my opinions and could be wrong. do exercise your own due diligence and monitor it's financials
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1 Like · 4 years · translate
cheng
Good to focus on your work. there is always opportunity, just need to do homework upfront and wait. after entering, it's waiting again and managing the positions which doesn't use a lot of time. you can use this app to set the alerts for counters that you have analyze for entry and exit with remarks. use the alert options. hope it helps.
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1 Like · 4 years · translate
eng hock ooi
thanks, Goh. nice average cost you have for homeriz. envy envy.
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cheng
thanks, eng hock. Just following my own plan and minimizes the risk. I am still looking forward for Homeriz to achieve it's valuations as shared previously. Just need to monitor it's financials which is trending healthily right now. Just my opinions based on preset assumptions and could be wrong. I am also hoping that the pros targeting wb will work hard to support mother share and bring it closer to its valuations. win-win for them and all shareholders of Homeriz :)
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Time and Space
Thz Cheng, i find your way of analysing is very impressive and effective. Atleast for me. I watched different way to analyse, is either too complicated for me and hard to apply.
I will bro, thanks for all the teaching.
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Shi Hao
wow i have so much to pick from you guys... thank you please keep adding commentary :)
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cheng
you are welcome, Sean. your method of looking at dividend yield is a good one. ddm is just a different way to look at it from the same perspective but with added factors. research about it and we can exchange opinions again.
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