POHKONG
POHKONG is definitely a company known to many Malaysians being one of the top jewellers in the country. The company not only retails their products, but also manufacture them as well. Their principal activities include principal activities in gold refining, designing, manufacturing, trading, supplying and retailing of jewelleries, precious stones and gold ornaments. Having 100 of outlets throughout the country and even online stores, POHKONG is definitely the gem of their industry. Apart from that recently RAM ratings has reaffirmed the company's ratings. Despite the company suffering from their recent losses and also due to the depreciation of ringgit which soften the company's performance, The company's rating is still strongly based on their reputation, strong market position and healthy balance sheet. Not to forget the company's gold inventory is considered liquid and valuable. In this time, whenever there's a marriage proposal, men will always remember that Diamonds are a girl's best friend. This is where POHKONG comes in supply the needs for an ultimate wedding ring that represents eternal love.
A little look back on our post on the 6th of November,
"Looking back into the previous years, Yeoman Capital and also its directors have been on a run with the ULICORP counter, a company that deals with cabling related systems, ceiling systems, building materials and fittings. Yeoman Capital acquire the counter since 17th October 2013, during that period the share prices rose from the range of 0.805-0.815 and rallied to a high of 1.09. After a short pull back, it continued to rally to a high of 1.19 which then consolidated. The consolidation went on a break up again when the investment company acquired the stocks again on the 1st of April 2014. Then on the 17th June 2014 the company acquired a substantial amount again and it rallied from a low of 1.03 to almost double at 1.83.
A little look into Yeoman Capital’s background; it is a Registered Fund Management Company in Singapore. Their investment philosophy is by the 3-rights method of Right Business, Right Price and Right Management, this deems that they do research and look closely before they go into any investments. For the past 17 years, Yeoman Capital has had a cumulative return of +788.16%, this shows a very positive outlook on Yeoman’s portfolio."
source: http://klse.i3investor.com/blogs/SICStockPick/85741.jsp
Currently, YEOMAN capital is at it again, the Fund Management company has been acquiring POHKONG stocks since 15th September 2015. This will likely boost the stock price up. Given that YEOMAN usually looks for stocks with value to enhance their investments, POHKONG being their choice definitely has the potential. YEOMAN capital currently holds close to 6% of POHKONG share, which is quite a substantial amount. Apart from that, POHKONG's NTA has also been rising yearly, having a higher NTA proves that the company is improving.
Looking at the company from a technical perspective, the support will be pegged at 0.500 and 0.480 whereas the resistance level is at 0.540 and 0.580. The RSI level is currently in the positive territory, however it is closing towards the 70% level, if it continues to breach it will be at an oversold territory. Looking at the chart, the MACD is very close to converging whereby the MACD will be crossing over the signal line. The price is currently above the Ichimoku Cloud which is in a positive territory. Things are looking real positive for POHKONG, chartwise.
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Disclaimer:
The information is distributed for readers of Stallion Investment. Any distribution of the article without the consent of Stallion Investment is prohibited. The article is mainly for educational purposes and not intended as investment ideas or recommendations. Stallion Investment will not be liable for any investment activities conducted or any investment loss incurred in the process.
POHKONG (5080) - Stallion Stock Pick: 3rd December 2015 | POHKONG
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