When gold price goes up more than USD2000, Tomei revenue will reduce but with much higher profit margin, which result in higher earning. When gold price goes down less than USD2000, Tomei revenue will increase significantly with lesser profit margin, which in result in slightly LESSER profit only. Latest quarterly(JAN-MAR2023) earning is 8.56cent. NTA= RM2.73.
With the strong fundamental of Tomei plus profit before tax has gone up to above RM60 mil in 2022…. With gold prices has been at high prices of USD1960-2060, Tomei should worth more than 1.40-1.45…
US debt ceiling and bank crisis, and over printing money world wide will cause gold price to go up. Moreover, recent drops in RM more than 2%, Tomei at RM1.24 is at very good price to buy.
Tomei price at RM1.07 means that some players thought that the gold will fall below USD1900 in short time, and never take the depreciation of RM into consideration. Dollar index up around 3% and RM down around 3% in 3 weeks time.
Tomei share price at RM1.08 was at bottom as US debt ceiling crisis resolved. Gold price recovers from USD 1932 to USD1966, almost 2% gain. But depreciation of RM is still 3% and dollar index at 104.22 a gain of around 3%. In other words the gold price in RM is same as gold price in 2-3 weeks ago when the gold price was above USD2000. Therefore, the Tomei share price which is calculated in RM is at discounted price at least 10% as 2 to 3 weeks ago
Gold price goes up above USD1970 as dollar index falls to 103.5 and no more interest increment is expected next month as bank crisis still going on in US.
Bought Tomei @ RM1.05 as gold price hits USD 1960. Moreover, the US index hits lowest in this year 100.23 amidst China inflation is zero. China buys gold for the 8 straight months, totaling 165 tonnes. As China experience zero inflation, lower interest rate to boost economy is expected in China. This in turn will pressure the US interest to keep the interest rate. Tomei volume is the highest since 30 May.
Great potential for Tomei share price. No more obstacle. US interest raised by 0.25% yesterday, but the gold price still going up to USD1976 now. US inflation rate is only 3% last month. Latest Tomei yearly earning EPS is 44.73cent, NAV/NTA= RM2.73. Share price is RM1.10. UNDERVALUED!
Tomei share price is still at the begining of upward trend. Gold price goes up due to lower inflation in US. Anyway, Tomei make huge earning even gold price at USD1900.
Gold price will surpass USD 20,000 soon as Fed and major central banks are at tail end of the current monetary policy tightening cycle amid easing inflationary pressures
Latest Tomei yearly earning EPS is 44.73cent, NAV/NTA= RM2.73. Share price is RM1.15. UNDERVALUED! If PE is 10, RM4.47. If PE is 5, it is worth RM2.23. Anyway, Tomei make huge earning even the gold price is @ USD1900.
Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills
Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills
Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills
just reentered at RM1.10 today, the best current (fundamental to stock price) jewellery franchise in Malaysia, PE 2.64, 61% NTA discounted price. EPS still always superb regardless of gold price. definitely undervalued
Good idea to privatise this TOMEI stock as the stock price is really undervalued. Latest finacial quarterly( APR-JUNE 2023)report, the EPS is 12.28cent, the NTA/NAV is RM2.81. Guys, the earning per share is 12.28 cents in 3 months.
Obviously, as long as the gold price is around US1900, Tomei makes great profit.
so funny when i found NICE is trading above NTA although almost every QR in history making loses, while TOMEI consistently making profits and still trading below NTA lol
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
hng33
19,486 posts
Posted by hng33 > 2023-05-16 11:56 | Report Abuse
sold tomei at 1.35