1. Probably you are one of YOCB customer without realising it?
Yoong Onn is a leading integrated
designer, manufacturer, distributor and retailer of home linen and
bedding accessories in the region.
Backed by over five decades of
experience, Yoong Onn has more than 10 main brands of home linen for
premium to mid-range consumers to date. Indeed, our success stories of
well-established brands include Novelle, Jean Perry, Louis Casa, Genova, Niki Cains, Diana, and Cotonsoft.
With our integrated operations, strong expertise, and multiple distribution channels including our “Home’s Harmony” retail outlets, our brands have become household names not only in Malaysia but also the region.
2. Double digit growth but trading at single digit PE.
Latest net profit is at RM8.2mil. Asusuming conservative full year net profit at RM25mil @ pe 10, the market value shuould be around RM250million.
Current market cap is just RM180mil, which mean there is further upside of nearly 40% at TP RM1.55.
Coming Q3 will be CNY sale period, most likely YOCB will register all time high net profit for coming Q3.
4. Stong shareholder for YOCB are like EPF, Kumpulan Wang Persaraan, Easpring Small Cap Fund and etc.
Note: Above for sharing purpose, any feedback is highly appreciated.
https://klse.i3investor.com/blogs/huat8888/196113.jsp
