After my last purchase at RM7.5, on paper i still make a gain as of today, when its price is RM7.99
i think i won't continue buy in for now. Will wait till after ex date and observe. After all, after the buying spree, it has becomes the heaviest stock by weight in my portfolio. I would probably start to invest in other stock again.
So, as of today, these are the key ratios of Haio. Generally, they are major points i consider for a stock
ROE: 31.71859 %. anything above 15% is worth considering. take note however ROE can be manipulated on book. But if a management is good enough, they don't do such stipulation. Yesterday a friend of mine says his relatives had worked for Haio chairman before as legal advisor and believed that he is a honourable man.
PE: 12.79 i think the stock is already somewhat fully valued. it is in fact more expensive than public bank at the moment. However, let see whether the earning of the company can continue the fast pace as before. Let's see also if there is any growth in dividend. The same dividend rate has been maintained for the past 2 years.
dividend yield: although buffett doesn't favour dividend payout, i do. i hardly sell my stock, so other than enjoying capital gain on paper, high dividend payout is the only real $ that i get to receive from stock. currently haio dividend yield about 5%
some of my friends who have seen the stock soars but didn't buy has start to provide reasons to the stock phenomenon surge, citing reason in its new product such as the infra red stuff. Seriously i do not pay too much attention to that (may be i should). I have prior to that try to observe its core MLM business growth for few quarters before deciding that its business is good enough for me to buy in and hold. Provided the management didn't do anything stupid that cost degrade in the business, possibly i will just let it lie that. This is the 'passive income' way that i advocate: let the money growth by letting others manage it (in this case the management manage the listed company)
other stock i interested in near future:
uchitec , public bank, digi
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