【POHUAT 7088 交流专区】堡发资源

哭哭鸟

【小型亮眼股系列】 - 浅谈POHUAT(7088) "包发“的亮点!!
Sunday, December 20, 2015
http://harryteo.blogspot.my/2015/12/1180-pohuat7088.html

1.POHUAT在家私领域有着30多年的经验，在马来西亚家私股里市值以及营业额排名第3，仅落后Latitud以及Liihen。

2.现在PE 大约12.86, 本益比在同行里属于偏高的价位。原因是公司的股价从在11月18号的1.61上涨到今天RM1.95的历史新高, 短短的1个月内上涨了21.11%。股价走高很大的可能是因为外界预测这个月底公布的业绩将会非常出色，所以才会在业绩出炉前买进推高。

3.以基本面来看，POHUAT的ROE 17.5处于优秀水平，过去一年里一共派发3次股息，周息率大约是3%，算是非常大方的公司。

4.而公司的业绩在过去的12个季度里有11个季度是上涨的，盈利更是已经连续上涨4年。是一家非常出色的成长家私股，【如果可以减少火灾发生的机率就更加完美了】。

5.至于公司的profit margin更是从2011年的1.6%进步到现今的7.4%,想必未来还会有很大的进步空间。此外，公司现在已经处于net cash的状况，也就是（现金 - 债务 = > 0)。希望公司可以更加大方地派发股息，让小股东们获益。

6.今年的大势是美金，而POHUAT本身也是一家出口公司。最近两个月许多家私木材出口股的业绩都非常出色，当中就有LIIHEN, LATITUD, EVERGRN, HEVEA等公司。所以投资者都对POHUAT有着非常高的期待。

7.美国经济复苏，US Home salasd的指数也有所回弹，这代表着什么呢？想必你会心里有数。

**虽然之前的季度越南的厂发生了火灾，但是公司已经声明保险会赔偿这次的损失。

小总结:
POHUAT在2015年3个季度的盈利已经相当于的去年的盈利，这个季度的业绩以及盈利想必有望突破5年的新高。此外，冷眼前辈也是这家公司的股东之一。因此未来几个季度的盈利还是非常有看头的，共勉之。

以上纯属个人功课，买卖自负。


Harryt30
19.25p.m.
2015.12.20

icy97

POH HUAT RESOURCES HOLDINGS BERHAD

EX-date	06 Jan 2016
Entitlement date	08 Jan 2016
Entitlement time	04:00 PM
Entitlement subject	First Interim Dividend
Entitlement description	First interim single-tier dividend of 4% equivalent to 2 sen per share in respect of the financial year ending 31 October 2016.
Period of interest payment	to
Financial Year End	31 Oct 2016
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SYMPHONY SHARE REGISTRARS SDN BHDLevel 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301Petaling JayaTel:0378490777Fax:0378418151
Payment date	22 Jan 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	08 Jan 2016
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Percentage
Entitlement in Percentage (%)	4.0000
Par Value	Malaysian Ringgit (MYR) 0.500

APULA

堡發越南廠失火 獲383萬中期賠償
2015年12月28日
http://www.chinapress.com.my/20151228/堡發越南廠失火-獲383萬中期賠償/

（吉隆坡28日訊）堡發資源（POHUAT，7088，主要板消費）越南廠房因火患事件，已獲總值220億越南盾（約383萬令吉）中期賠償額。

堡發資源向馬證交所報備，針對公司在越南南部平陽省（Binh Duong）的廠房，在8月23日發生火患，理賠者越南Crawford有限公司建議，約383萬令吉中期付款，作為火患損害索賠。

根據報備文件，堡發資源先在本月11日接獲首筆110億越南盾（約191萬5000令吉）賠償金，並在上週三（23日）收到剩下的一筆約191萬5000令吉賠償金。

堡發資源在9月17日，就是項火患事件，已向Bao Minh保險公司，要求索賠362萬美元（約1557萬令吉）。

堡發資源指出，目前籌備申索火患從屬損失賠償（consequential loss claim）。

該公司說，總賠償額有待審定，一旦確認款項將作出公布。

該公司預計，受損的大樓、廠房和機械的總淨賬面價值達289萬令吉，受損的存貨則達612萬令吉。

Type	Announcement
Subject	OTHERS
Description	POH HUAT FURNITURE INDUSTRIES VIETNAM JOINT-STOCK COMPANY- FIRE INCIDENT AT BINH DUONG FACILITIES IN VIETNAM 23 AUGUST 2015
Further to the announcement made on 24 August 2015 and 01 September 2015, in relation to the fire incident at one of the manufacturing base belonging to Poh Huat Furniture Industries Vietnam Joint Stock Company ("Poh Huat Vietnam") on 23 August 2015. The total net book value of the damaged factory buildings together with the plant and machinery are RM2.89 million while damaged stocks are RM6.12 million. The Company had on 17 September 2015 submitted a fire claim of USD3.62 million (equivalent to RM15.57 million) to the insurance company, Bao Minh Insurance Corporation, and is preparing the fire consequential loss claim. The Company wishes to inform that the appointed adjusters, Crawford Vietnam Co Ltd, has proposed an interim payment of VND22 billion (equivalent to RM3.83 million) for the fire damage claim. The Company had received the first portion of VND11 billion on 11 December 2015 and the second portion of VND11 billion on 23 December 2015. The total settlement of the claim is pending finalisation and an announcement will be made upon confirmation/acceptance of the same. The Board of Directors of the Company will continue to update on material development for the above incident. This announcement is dated 28 December 2015.

icy97

美元走强推高销售 堡发末季净利增43%

财经新闻 财经  2016-01-03 11:34
（吉隆坡2日讯）产量增加、出口产品赚幅获得改善，以及美元走强提高销售额，带动堡发资源（POHUAT，7088，主板消费产品股）截至10月31日末季，净利按年增长43.46%。

这家家具生产及出口公司，在末季净赚1585万1000令吉，或每股净利7.43仙，高于上财年同季1104万9000令吉或每股5.18仙。

而营业额则按年上升29.66%，至1亿4018万令吉，上财年同期为1亿811万6000令吉。

至于全年，净利则按年上涨64.62%，至3918万5000令吉，或每股净利18.36仙；营业额按年攀升20.35%，至4亿5393万令吉。【南洋网财经】

SUMMARY OF KEY FINANCIAL INFORMATION 31 Oct 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Oct 2015	31 Oct 2014	31 Oct 2015	31 Oct 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	140,179	108,116	453,932	377,174
2	Profit/(loss) before tax	19,887	13,343	47,373	28,253
3	Profit/(loss) for the period	15,584	10,943	38,579	23,472
4	Profit/(loss) attributable to ordinary equity holders of the parent	15,851	11,049	39,185	23,803
5	Basic earnings/(loss) per share (Subunit)	7.43	5.18	18.36	11.15
6	Proposed/Declared dividend per share (Subunit)	2.00	2.00	8.00	8.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0013		0.8041

Remarks :

Adjusted for share split involving the subdivision of every one (1) existing ordinary share of RM1.00 each in the Company into two (2) ordinary shares of RM0.50

哭哭鸟

最后一只潜能股（2015）业绩出炉：POHUAT
Saturday, January 2, 2016
http://stockguerrillas.blogspot.my/2016/01/2015pohuat.html

游击队2015年最后12月最后一只潜能股：POHUAT于2015年最后一天12月31日发布其Q4季报。如早期所料，销售与盈利同时突破历史新高，以下是简介分析其季度报告。

业绩走强原因：
1）家居与办公室用途类型产品需求走高。
2）越南与大马工厂运输在来自美国与加拿大强劲需求下继续走强。
3）盈利率（profit margin）在高水准的产能、产品赚幅的改善以及受惠于美元强势的环境下获得良好的提升。
4）Q4是该公司的旺季。

此季报提到了其越南部门火灾事件带来的影响。这次火灾事件在获得3百83万令吉的临时保险赔偿，Pohuat依然面临5百18万令吉的资产亏损。若不是这次火灾，Pohuat该季度税前盈利是可达2千507万令吉，全年盈利甚至可达5千255万令吉。

展望：

美国房屋销售明年有望在高就业率、低抵押利息与高个人收入继续走强。公司表示只要美国需求走稳，公司业绩有望继续走强。

哭哭鸟

受惠美屋業走俏‧堡發資源財測調高
2016-01-04 17:00   
http://biz.sinchew.com.my/node/128907#ixzz3wGe1yPtk
   
（吉隆坡4日訊）堡發資源（POHUAT，7088，主板消費品組）料從美國屋業開工走俏獲利，達證券調高其2016與2017財政年財測4.9%與5.0%。

週一閉市時，堡發跌5仙，閉市掛2令吉。

達證券提高這個和下財政年財測，主要是馬幣兌美元由以往4.0調高至4.3，緊隨美國屋業開工走俏，預期堡發的家具業前景將由2011年低潮中走強。

截至2015年10月杪2015財政年核心淨利按年揚86.4%至4千440萬令吉，除了營業額揚20.4%，賺益因大馬廠房效益改善兼美元走挺烘託，也提振盈利表現。

“美國市場前景看俏、股票交投改善（由當初開始研究時每日30萬5千300股增至1月的104萬8千500股，同時增派息和對投資者友好、市值也增至1億美元（約4億3千萬令吉），預期受國際小資本基金的青睞。”

首季派息2仙

堡發資源宣佈每股2仙終期股息，使2015財政年總派息達5仙。

2016年首季則派息2仙，並將於2016年1月22日享有，當作是發予股東之“紅包”；這也是堡發首次在首季宣佈派息。

堡發2015年8月發生的火災，共造成289萬令吉越南廠房相關虧損，和612萬令吉貨物損失。

獲局部理賠獲383萬令吉，扣除火災淨虧損約520萬令吉，4千440萬令吉的核心淨利實為其全年預測的109.2%，主要是銷售高於預期。

該公司曾說，總賠償金目前仍在探討中，上述賠償金只是初步賠償，公司今年9月呈報的索賠數額是362萬美金（相當於1千557萬令吉）。

分析員說，上述火患發生後，管理層也撤換更先進機器和更高自動化，這是減少依賴人力和改善廠房效益。

達證券預測2016年本益比為12倍，調高其目標價，由1令吉91仙上修至2令吉39仙，“買進”評級不變，主要是各項“利多”推動。（星洲日報／財經‧報導：張啟華）

哭哭鸟

Daily technical highlights – Interest brewing on furniture counters
Publish date: Wed, 17 Feb 2016

· POHUAT (Trading Buy, TP: RM1.97). Furniture maker POHUAT appears to have marked a bottom, at RM1.45 recently. The share price rallied 8.0 sen (5.2%) yesterday to close at RM1.63. Chart-wise, POHUAT’s medium-long-term uptrend remains intact despite the sharp sell-off recently. In the shorter term, we expect the current rebound to continue as the Stochastic indicator has just hooked up from oversold levels. Note that in the previous two instances (*circled), the Stochastic BUY signal had been predictive of subsequent rallies in the share price. As such, we expect the share price to climb towards the next resistance at RM1.80 level (R1) before eyeing RM2.00 (R2). Support can be found at RM1.45 (S1) and RM1.20 (S2). For this Trading Buy strategy, take profit at RM1.97 (3 bids below RM2.00 resistance) with stop-loss set at RM1.42 (3 bids below RM1.45 support).

Source:Kenanga Research- 17 Feb 2016

哭哭鸟

7088

Quarterly rpt on consolidated results for the financial period ended 31/01/2016

Quarter: 1st Quarter Financial Year End: 31/10/2016 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/01/2016 31/01/2015 31/01/2016 31/01/2015 RM '000 RM '000 RM '000 RM '000 1 Revenue 151,058 105,093 151,058 105,093 2 Profit/Loss Before Tax 16,219 10,000 16,219 10,000 3 Profit/Loss After Tax and Minority Interest 14,136 8,178 14,136 8,178 4 Net Profit/Loss For The Period 14,031 8,089 14,031 8,089 5 Basic Earnings/Loss Per Shares (sen) 6.62 3.83 6.62 3.83 6 Dividend Per Share (sen) 2.00 0.00 2.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 1.0394 1.0013

icy97

堡发资源 3年财测上修

财经 股市 行家论股  2016-03-24 13:29

目标价：2.19令吉

最新进展
堡发资源（POHUAT，7088，主板消费产品股）截至1月31日首季业绩报捷，净利按年扬72.85%至1413万6000令吉，宣布派息每股2仙。

营业额则按年攀涨43.74%，从上财年同期的1亿509万3000令吉，增至1亿5105万8000令吉。

由于大马和越南的家具出口量上扬，加上美元走强提高销售额，激励收入走高。

行家建议
堡发资源首季净利超越我们的预测，占全年预测的31.6%，因此，我们把2016至2018财年净利预测，调高8.5%至10.3%。

这是因为预测越南厂房的使用率，将从80%提高至90%。

美国建屋趋势继续攀升，意味着堡发资源未来的盈利展望明朗，因为把家具出口到美国是公司的主要业务。

我们把本益比从12倍下修至10倍，因为公司市值已低于1亿美元（3.9亿令吉），此外，令吉兑美元强势反弹也引发负面情绪。

目标价从2.39令吉下修至2.19令吉，不过，股价近期下跌实属过度，因为仅处于6.6倍本益比交易。



分析：达证券

【南洋网财经】

icy97

POH HUAT RESOURCES HOLDINGS BERHAD

EX-date	10 May 2016
Entitlement date	12 May 2016
Entitlement time	04:00 PM
Entitlement subject	Final Dividend
Entitlement description	Final single tier dividend of 4% equivalent to 2 sen per share in respect of the financial year ended 31 October 2015.
Period of interest payment	to
Financial Year End	31 Oct 2015
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SYMPHONY SHARE REGISTRARS SDN BHDLevel 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301Petaling JayaTel:0378490777Fax:0378418151
Payment date	19 May 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	12 May 2016
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Percentage
Entitlement in Percentage (%)	4.0000
Par Value	Malaysian Ringgit (MYR) 0.500

icy97

Type	Announcement
Subject	OTHERS
Description	POH HUAT FURNITURE INDUSTRIES VIETNAM JOINT-STOCK COMPANY - FIRE INCIDENT AT BINH DUONG FACILITIES IN VIETNAM 23 AUGUST 2015
We refer to the announcements made on 24 August 2015, 1 September 2015 and 28 December 2015 in relation to the above matter. The Company wishes to inform that the appointed adjusters, Crawford Vietnam Co Ltd, had proposed the third interim payment of VND11 billion (equivalent to RM1.92 million) for the fire damage claim and the Company has accepted and received the VND11 billion on 19 April 2016. This interim payment will be recognized as fire insurance compensation (Other Income) for the second quarter ended 30 April 2016. The Company has received the first interim payment of VND11 billion on 11 December 2015 and the second interim payment of VND11 billion on 23 December 2015. With the third interim payment of VND11 billion on 19 April 2016, total interim payment received to-date amounted to VND33 billion. The total settlement of the claim is pending finalisation and an announcement will be made upon confirmation/acceptance of the same. The Board of Directors of the Company will continue to provide update(s) on any material development for the above incident. This announcement is dated 20 April 2016.

哭哭鸟

POH HUAT - Still benefit from strong US economy?
Author: SuperMan 99   |   Publish date: Mon, 16 May 2016, 05:47 PM
http://klse.i3investor.com/blogs/hardworkeasylifesuperman99/96580.jsp

I will not discuss in details about the background & financial status of Poh Huat in this articles as many great people had already written & shared about Poh Huat Resources & you may read all these articles here: http://klse.i3investor.com/servlets/stk/7088.jsp

Question 1: Can Poh Huat Resources benefit from the strong US economy?
Think about what are happening in US now:
1. Strong New Home Sales
2. Strong Furniture & Home Furnishing Store Sales
3. Strong Retail Sales
4. Low Unemployment Rate

My comment: No sign of slowing down in US economy based on the above reports, but some said US will crash, if not this year, it will be next year. Let's see then. However, continuous strong US economy is good news to Poh Huat.


Source: https://ycharts.com/indicators/u ... ishings_store_sales




Source: http://www.x-rates.com/average/? ... unt=1&year=2016

Question 2: What's Next on USD?
Think about these:
1. Strong US economy => Interest Rate Hike?
2. Interest Rate Hike => Strong USD?

My comment: Sorry for I don't have answers for these as I am not an expert. Even many experts had guessed wrongly.

Question 3: What's Next on RM?
Think about these:
1. Oil price up from USD25 to USD48 => effect on RM?
2. 1MDB scandal => resolved? case closed?
3. Decreasing money supplies M3 & M1 in Malaysia => Slowing Malaysia economy?

My comment: Some said RM will go back to RM3.50, but some said No, it will go to RM4.50 instead. Sorry for I also do not have any answer.

Question 4: Poh Huat, Lii Hen & Latitude, which is better?
All should benefit if US economy continue to be strong. Please refer to Share Price Movement of the 3 stocks & decide yourself: Yahoo Stock Movement Chart since 2016


Source: http://www.tradingeconomics.com/united-states/new-home-sales


Source: http://www.tradingeconomics.com/united-states/unemployment-rate

哭哭鸟

EX-date	15 Jul 2016
Entitlement date	19 Jul 2016
Entitlement time	04:00 PM
Entitlement subject	Second interim dividend
Entitlement description	Second interim single-tier dividend of 4% equivalent to 2 sen per share in respect of the financial year ending 31 October 2016.
Period of interest payment	to
Financial Year End	31 Oct 2016
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SYMPHONY SHARE REGISTRARS SDN BHDLevel 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301 Petaling JayaTel:0378490777Fax:0378418151
Payment date	29 Jul 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	19 Jul 2016
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Percentage
Entitlement in Percentage (%)	4
Par Value	Malaysian Ringgit (MYR) 0.500

哭哭鸟

堡发资源次季净利跌14.3% 派息2仙
By Gho Chee Yuan / theedgemarkets.com   | June 30, 2016 : 8:19 PM MYT
http://www.theedgemarkets.com/my/article/堡发资源次季净利跌143-派息2仙

（吉隆坡30日讯）随着令吉兑美元汇率回升，堡发资源（Poh Huat Resources Holdings Bhd）第二季净利按年跌14.3%。

该家具制造商公布，截至4月杪的2016财政年次季，净利为388万令吉，或每股1.82仙，相较于上财年同期的453万令吉，或每股2.12仙。

次季营业额则从9616万令吉，扬10.7%至1亿646万令吉，归因于越南业务的出货增加，以及美国市场的需求趋强。

该集团宣布派发每股2仙的第二个中期股息，并将于7月29日支付。

首半年净利扬41.7%至1801万令吉，或每股8.44仙，同期是1271万令吉，或每股5.95仙；营业额达2亿5752万令吉，较同期的2亿126万令吉，增28%。

展望未来，该集团预计北美市场的需求将持续，因过去数月公布的经济数据令人鼓舞。

“美国升息前景和美元继续走强，也意味着我们的产品更有购买力和更好定价，如果得以持续，集团未来几个月的净利也更好。”

尽管如此，堡发资源指出，由于金融市场和原产品价格波动，全球环境依然具挑战。

“随着英国公投决定脱离欧盟所带来的不确定，也影响全球金融市场，且可能对全球增长和消费信心有长期影响。”

（编译：陈慧珊）

7088                 POHUAT                 POH HUAT RESOURCES HOLDINGS            

Quarterly rpt on consolidated results for the financial period ended 30/04/2016

Quarter: 2nd Quarter Financial Year End: 31/10/2016 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 30/04/2016 30/04/2015 30/04/2016 30/04/2015 RM '000 RM '000 RM '000 RM '000 1 Revenue 106,464 96,164 257,523 201,257 2 Profit/Loss Before Tax 5,458 5,333 21,676 15,334 3 Profit/Loss After Tax and Minority Interest 3,877 4,529 18,012 12,707 4 Net Profit/Loss For The Period 3,774 4,414 17,805 12,503 5 Basic Earnings/Loss Per Shares (sen) 1.82 2.12 8.44 5.95 6 Dividend Per Share (sen) 2.00 3.00 4.00 3.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 1.0164 1.0013

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受惠美房屋开工率．堡发料派更高息

（吉隆坡1日讯）堡发资源（POHUAT,7088,主板消费品组）最新业绩符预期，分析员预料该公司将派发更高股息，以及继续从美国房屋开工率走高中受惠，下半年盈利将提升。

达证券表示，堡发资源2016财政年上半年核心净利1800万令吉，表现符合预期，占全年财测的36.6%，该公司次季销售通常偏低，但下半年将走高，因年杪需求往往大增。

该公司上半年净利攀升41.8%，主要因营收升高28%和越南及大马的赚幅改善。

按季而言，营收和净利分别下跌29.5%和72.6%，至1亿零650万令吉和390万令吉，这是受季节性因素影响，以及马币升值和华人新年期间的营运效率降低。

堡发资源自2015年第二季起，开始每季派息，由于预计下半年盈利更佳，该行将堡发资源2016至2018财政年的股息派发额从6仙调高至8仙。

该行基于马币兑美元汇率预测从4令吉30仙下调至4令吉零5仙，因此将堡发资源2016至2018年财测降低1.7至2.6%。

美国房屋开工率自2011年初触底后，至今保持上升趋势，该行预期堡发资源在可预见的未来维持良好盈利前景。

该行保持“买进”评级，目标价2令吉零5仙，这是根据2017年盈利的10倍本益比估值，同时预期该股提供5.2%的吸引人周息率。

文章来源：
星洲日报／财经‧报道：李勇坚‧2016.07.01


堡发资源
下半年销售或回扬
2016年7月6日
http://www.enanyang.my/news/20160706/堡发资源br-下半年销售或回扬/

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堡发资源扩展至澳洲
By Gho Chee Yuan / theedgemarkets.com   | September 19, 2016 : 7:41 PM MYT

（吉隆坡19日讯）家具制造商堡发资源（Poh Huat Resources Bhd）以425万澳元（1327万令吉）现金，收购一座位于澳洲维多利亚州South Dandenong的独立仓库兼办公陈列室，将业务拓展至澳洲。

堡发资源今日向大马交易所报备时说：“我们在大马、越南和南非都有营运基地。作为扩张计划的一部分，我们打算扩大营运据点至其他国家。”

该公司补充：“澳洲人的喜好和传统与北美和英国的西方同伴相似，我们在当地的产品被广泛接受。”

虽然澳洲的人口比传统市场相对较小，但澳洲各大城市的富裕居民提供良好的机会，扩大至其相对未开发的市场。

堡发资源表示，与澳洲JSNJ Investment Pty Ltd在上周四（14日）签署合约，收购目前空置，并坐落于East Dandenong的Estate One的物业，该地是South Dandenong Industrial Area Extension的主要工业区之一。

这包括2807平方米的单层净宽仓库，前方有315平方米的办公室及零售或陈列室设施。

“此次收购是我们在澳洲建立一个营运基地的第一步。配合这项收购，我们将成立一家澳洲子公司，持有上述物业，以及在该国建立家具销售和分销业务。”

“本集团可以有效巩固出口和存放更大量的办公家具和较小量的家用家具，以迎合澳洲的市场需求。”

虽然收购并不预期对盈利有实质贡献，但收购和启动澳洲的业务将对未来盈利作出贡献。

该公司预计，该收购将在今年12月完成。

（编译：陈慧珊）

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	POH HUAT RESOURCES HOLDINGS BERHAD ("Poh Huat" or "The Company")ACQUISITION OF WAREHOUSE CUM OFFICE-SHOWROOM IN SOUTH DANDENONG, VICTORIA, AUSTRALIA.
The Board of Directors of Poh Huat wishes to announce that the Company had on 14 September 2016 entered into a Contract of Sale of Real Estate with JSNJ Investment Pty Ltd for the acquisition of a detached warehouse cum office-showroom in South Dandenong, Victoria, Australia. Please refer to the attached file for full text of the announcement. This announcement is dated 19 September 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5208473

Attachments Acquisition of Warehouse.pdf

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购澳展示厅．堡发成长潜能佳

（吉隆坡20日讯）家具业者堡发资源（POHUAT，7088，主板消费品组）以425万澳元（约1327万6362令吉）向JSNJ投资公司收购澳洲展示厅与仓库。

上述资产位于墨尔本市郊，该公司将会通过内部资金完成上述收购，截至2016年4月该公司拥有2580万令吉净现金。这项收购之目的是要从现有的营运基地（大马、越南和南非），扩张至新目标市场。

此收购预料于2016年12月完成。

分析

达证券表示，据了解该集团有意以自有品牌在澳洲销售办公室家具和床具。

虽然这可能需时以建立品牌和赢得广泛市场接受度，但该行对这项行动持正面看法，因这个新市场预料可为集团提供成长潜能，长期而言可减少过度依赖北美市场。

尽管澳洲人口（截至2015年为2400万人）远低于传统美国市场（人口达3亿200万人），但美国市场已晋成熟，澳洲市场则相对具成长空间。再者，在西方市场如美国所接受的家具设计，也同样可获澳洲人接受。

达证券保持财测不变，不预测这项扩张计划可立即在2017和2018财政年贡献盈利，该公司可能需时间来建立品牌和争取市场占有率。

该行保持“买进”评级和2令吉零5仙目标价不变。

文章来源：
星洲日报‧财经‧2016.09.20

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堡发资源第三季净利跌6% 拟派息2仙
By Yimie Yong / theedgemarkets.com   | September 26, 2016 : 4:34 PM MYT

（吉隆坡26日讯）堡发资源（Poh Huat Resources Holdings Bhd）2016财政年第三季净利下滑6.02%至999万令吉，同期净赚1063万令吉，主要是较高的销售和分销支出，以及行政开支。

这家出口为主的家俱制造商也献议，2016财年派发每股2仙的第三次中期股息，定于12月15日派息。这批股息的除权日（ex-date）落在11月22日，享有权益日期（entitlement date）则为11月24日。

该集团在今日向大马交易所报备的文告指出，2016财年第三季（截至2016年7月31日止）营业额年增11.69%至1亿2565万令吉，同期录得1亿1250万令吉。

堡发资源表示，盈利低于预期主要是集团的出口销售制造赚幅较低。

“我们越南业务的营运赚幅也略微走低，皆因随着美国消费者的喜好有变，而临时转为中档产品。”

堡发资源表示，2016财年首9个月的净利累积至2801万令吉，同期净赚2333万令吉，涨幅为20.06%；合共三季营业额则从同期的3亿1375万令吉，扩大22.13%至3亿8317万令吉。

（编译：倪嫣鴽）

SUMMARY OF KEY FINANCIAL INFORMATION 31 Jul 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jul 2016	31 Jul 2015	31 Jul 2016	31 Jul 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	125,647	112,497	383,170	313,754
2	Profit/(loss) before tax	12,239	12,153	33,916	27,486
3	Profit/(loss) for the period	9,956	10,491	27,761	22,995
4	Profit/(loss) attributable to ordinary equity holders of the parent	9,993	10,628	28,006	23,334
5	Basic earnings/(loss) per share (Subunit)	4.68	4.98	13.12	10.93
6	Proposed/Declared dividend per share (Subunit)	2.00	1.50	6.00	3.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0590		1.0013

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EX-date	22 Nov 2016
Entitlement date	24 Nov 2016
Entitlement time	04:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Third interim single-tier dividend of 4% equivalent to 2 sen per share in respect of the financial year ending 31 October 2016.
Period of interest payment	to
Financial Year End	31 Oct 2016
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SYMPHONY SHARE REGISTRARS SDN BHDLevel 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301Petaling JayaTel:0378490777Fax:0378418151
Payment date	15 Dec 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	24 Nov 2016
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Percentage
Entitlement in Percentage (%)	4
Par Value	Malaysian Ringgit (MYR) 0.500

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堡发资源
两年财测上修

2016年10月8日

分析：达证券
目标价：2.08令吉

最新进展：

堡发资源（POHUAT，7088，主板消费产品股）截至今年7月杪第三季，净利按年下滑5.97%至999万3000令吉，并宣布派发2仙股息。

而大马与越南的出口走高，使第三季营业额按年增加11.69%，从上财年同季的1亿1249万7000令吉，提高至1亿2564万7000令吉。

累积首三季，公司净利按年上扬20.02%，至2800万6000令吉，或每股净赚13.12仙；营业额录得3亿8317万令吉，按年走高22.12%。

行家建议:

堡发资源首3季净利录得2800万令吉，符合我们的预期，占全年预测的58.3%。

另外，我们对于2017和2018财年令吉兑美元汇率的预测，从原本的4.05，修正为4.125和4.10。因此，我们上修堡发资源2017和2018财年的盈利预测，幅度分别为1.3%和0.8%。

美国房市回暖，是公司出口至美国的家具业务，能维持上升趋势的征兆，预测公司的净利能保持稳健。

此外，堡发资源也正进军澳洲夺取新市场，虽需要时间建立品牌，不过可提供长期的增长潜能，减少依赖北美市场。

我们维持“买入”评级，并把目标价格从2.05令吉，提高至2.08令吉。



【e南洋】