The younger team is using technology in a big way:
Virtual Reality at the Shop
http://www.panelsfurnitureasia.com/en/ne...region/683
On the edge article, they plan to set up online shop on tmall in the next 6 mths.
Hopefully this will drive growth for sales and better margins for the COMMUNE products in China!!
(04-12-2016, 02:15 PM)Contrarian Wrote: [ -> ]The younger team is using technology in a big way:
Virtual Reality at the Shop
http://www.panelsfurnitureasia.com/en/ne...region/683
On the edge article, they plan to set up online shop on tmall in the next 6 mths.
Hopefully this will drive growth for sales and better margins for the COMMUNE products in China!!
Very appropriate name, COMMUNE for the COMMUNIST! ROFL...
(17-11-2016, 11:14 PM)Contrarian Wrote: [ -> ]http://infopub.sgx.com/FileOpen/1QFY17Re...eID=428704
Recovery momentum continues. Margin expansion and growth starting to show... and a somewhat optimistic outlook.
Another splendid quarterly results from KODA.
Top 5 gainers today... up to 98cts. Here are the sales, gross profit, gross margin %, net profit, Profit Before Tax (figures are in USD)
Their cash jumped to US$6M, NAV is 86cts USD (S$1.22). Debt continues to reduce on a very healthy balanced sheet.
Q1 2017 Q2 2017
$11,765,000 $13,441,000
$3,339,000 $4,003,000
28.4% 29.8%
$1,261,000 $1,398,000
10.7% 10.4%
$3.18 $3.84
In the next few months, the company will be starting a tmall.com online store to get sales, and for their franchisees to deliver.
A good friend of mine is a designer. He recommends his clients to buy COMMUNE furniture :-)
Q3 recovery continues. On a typical quiet Q3, their sales up 39%. Gross margins up 5+%.
And Profit After Tax jumped 166%.
Cash grows from US4.6M to US$6.9M
Net Gearing dropped to 0.04 from 0.07
Company also requested for 1-for-1 bonus issue, to increase no. of shares.
Volume and share price is now adjusting on a nice trajectory. Last done $1.27
Market Cap $35M. Q4 (April to june) is usually a solid qtr by historical trends. Even in a slow Q3, the gross margin up 5%.
My realistic estimate of SGD $5M (financials is in USD) profit is definitely achievable. So the valuation is still very reasonable...
Koda mentioned here with respect to trade war:
https://www.fool.hk/2019/07/27/%E4%B8%AD...%E5%8F%B8/
Koda爲新加坡製造及零售家具公司，在馬來西亞和越南設有工廠。公司在澳洲、新加坡和中國等多個亞太國家亦設有零售店。
另一方面，在中國的同業要面對關稅增加時，像Koda那樣的公司實際上可以受惠。Koda的生產設施主要位於越南和馬來西亞。正如Koda行政總裁指，這可能帶動公司加速增長。他指出，公司很多客戶「正考慮在中國以外尋找貨源，以作為向美國市場供貨的替代來源」。