Posted by Invest_888 > Apr 9, 2024 11:10 AM | Report Abuse

Gold inventory was RM858million according to latest quarterly(NOV2023-JAN2024) report. At RM1.13, PohKong market capital is now only RM464million.

But, the inventory should be calculated on 31Jan2024 with value RM848million, gold price was USD2039 per ounce. Now the gold price was USD2342, the inventory should be around (2342/2039) x 858mn= RM985.5 million.
Current inventory is around RM985.5 million.
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=227576&name=EA_FR_ATTACHMENTS

Massive money printing(either paper money or bond), high inflation and escalated wars contribute to the gold price going up steadily. PohKong at RM1.13 is absolutely at very low price.

Posted by beinvested > Apr 9, 2024 12:34 PM | Report Abuse

1 gram = RM358

Posted by beinvested > Apr 9, 2024 12:38 PM | Report Abuse

Maybank is selling 1 gm for RM365.
RM7 is their profit margin.

Posted by Invest_888 > Apr 9, 2024 1:55 PM | Report Abuse

Malaysians pawning their gold possessions for quick cash, at the same time other Malaysian are still buying gold.

Despite the sky-high gold prices, Malaysians continue to buy the precious metal. Heritage Jewellers Sdn Bhd salesman N Murugan said people continue to purchase 916 gold jewellery, with no significant increase or decrease in the number of buyers.

“People usually purchase it for weddings, sometimes as much as three to five pounds of gold. The price for 916 gold could even surge up to RM500 per gram in the days to come,” he told FMT Business.

Jewellery in Malaysia is typically made from 916 gold, comprising 91.6% pure gold and 8.4% other metals. 916 gold traded at RM373 per gram yesterday afternoon.

Meanwhile, home-baker Janice Sillas, 39, lamented over the hike in gold prices as she wanted to purchase gold for her upcoming wedding.

“I have no choice but to buy gold at the current high price. If it keeps increasing, then we can’t purchase gold jewellery in the days to come.

https://www.freemalaysiatoday.com/category/highlight/2024/04/09/more-malaysians-pawning-jewellery-as-gold-hits-new-highs/

Posted by MikeyChan > Apr 9, 2024 3:42 PM | Report Abuse

The demand for gold has been very hot recently. Gold price will reach $2400 per ounce, I think

Posted by Invest_888 > Apr 9, 2024 3:53 PM | Report Abuse

Gold is USD2355 per ounce NOW.

Posted by Bullballs > Apr 9, 2024 4:09 PM | Report Abuse

Gold can be USD2400, 2500, 3000, 4000 or 5000 and it still doesnt sount as ridiculous as Bitcoin being USD70,000. Gold still got a long way to go.

Posted by ahbah > Apr 11, 2024 3:40 PM | Report Abuse

Bitcoin is just some fictitious number generated from NOTHING by the computer. As such, its value is also NOTHING. It has NO PHYSICAL EXISTENCE. Investing in bitcoin is just a GREATER FOOL GAME !!! Don't be a GREATER FOOL, please. Thanks.

Posted by KakiBursa > Apr 11, 2024 8:58 PM | Report Abuse

Gold prices are back in positive territory as the latest data showed most elements of producer price inflation in the U.S. economy cooling more than expected.

Posted by SHOB > Apr 12, 2024 5:37 AM | Report Abuse

history and time already show it,

Posted by GL2004 > Apr 12, 2024 8:35 AM | Report Abuse

VERY BULLISH THE GOLD PRICE.......

Posted by Invest_888 > Apr 12, 2024 10:06 AM | Report Abuse

WOW!!! Gold is USD2392 per ounce even the US inflation is slightly up 0.1%. Escalation in war, massive money printing and dedollarization take charge now.

Posted by Loh Kok Wai W > Apr 12, 2024 3:53 PM | Report Abuse

Gold price will hit to USD 3000 per ounce.....let see n wait...

Posted by cherasman > Apr 13, 2024 10:41 AM | Report Abuse

Last night, Friday in USA market, gold prices fell sharply. A bearish engulfing candlestick. And with a bullish Dollar Index, it signals a short term reversal in gold prices to a lower level for some weeks. Take care guys.

Posted by Income > Apr 13, 2024 12:51 PM | Report Abuse

AhBah, remember to add gld chain to your dog for safety of your gld. I salute AhBah

Posted by Invest_888 > Apr 14, 2024 6:55 PM | Report Abuse

Israel bombed Iran embassy in Syria resulted in killing some Iran senior officers last week. Market expected a escalated war between these 2 countries and bring more disaster. The increasing geopolitical risk in Middle East pushed up the gold price. Until last Friday night, no Iran retaliation and much lower chance in reducing interest rate in US, the gold price dropped from peak of USD2430 to USD2343. It seems geopolitical risk has become better.
Yet, it is a calm before the storm. Iran has launched missiles and drone attacks against Israel last Saturday night.
Due to this, I believe the gold prices will not drop but instead will going up from USD2343 per ounce on next Monday. Peace is the best for the mankind. Gold can hedge against inflation, geopolitical risk, etc.
For your info, Pohkong can make good profit even at USD2000 per ounce.

Posted by GL2004 > Apr 14, 2024 8:00 PM | Report Abuse

https://www.chinapress.com.my/20240414/%e7%8b%ac%e5%ae%b6%ef%bd%9c%e9%87%91%e4%bb%b7%e6%b6%a8%e5%8a%bf%e6%9c%aa%e6%8a%91%e5%88%b6%e4%b9%b0%e6%b0%94-%e5%bd%ad%e5%b2%b8%e5%9c%83%ef%bc%9a%e9%94%80%e9%87%8f%e5%a2%9e25/

Posted by GL2004 > Apr 14, 2024 8:01 PM | Report Abuse

https://www.chinapress.com.my/20240414/%e7%8b%ac%e5%ae%b6%ef%bd%9c%e9%87%91%e4%bb%b7%e6%b6%a8%e5%8a%bf%e6%9c%aa%e6%8a%91%e5%88%b6%e4%b9%b0%e6%b0%94-%e5%bd%ad%e5%b2%b8%e5%9c%83%ef%bc%9a%e9%94%80%e9%87%8f%e5%a2%9e25/

Posted by Invest_888 > Apr 14, 2024 9:24 PM | Report Abuse

Yes, obviously more chinese buy gold in both Poh KOng & Tomei recently. Last time, they seem like not so interested in buying gold.

Posted by MoneyMakers > Apr 15, 2024 11:52 AM | Report Abuse

Gold = ultimate safe haven

Posted by SHOB > Apr 16, 2024 6:47 AM | Report Abuse

Gold over so many years already show you the fact.... not need to explain much

Posted by ks55 > Apr 16, 2024 8:50 AM | Report Abuse

Malaysian gold price per gram is now at rm 367.

https://goldprice.org/

Posted by Dawncompton > Apr 17, 2024 9:08 AM | Report Abuse

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Posted by ahbah > Apr 17, 2024 3:57 PM | Report Abuse

Buy 😋😋😋

Posted by CSOON 77 > Apr 17, 2024 7:56 PM | Report Abuse

Today buy in Huat ah

Posted by smartepf > Apr 17, 2024 8:33 PM | Report Abuse

Poh kong Sell 316 RM395
999 RM410

Posted by MikeyChan > Apr 18, 2024 7:35 AM | Report Abuse

How to check this selling price, smartepf

Posted by smartepf > Apr 18, 2024 8:44 AM | Report Abuse

go poh kong shop

Posted by Invest_888 > Apr 18, 2024 9:07 AM | Report Abuse

At USD2370 per ounce, Poh Kong profit margin is extremely high.

smartepf

Poh kong Sell 316 RM395
999 RM410

Posted by Invest_888 > Apr 18, 2024 9:09 AM | Report Abuse

Poh kong Sells 916 & 999 gold

Posted by 9sunbeam > Apr 18, 2024 9:20 AM | Report Abuse

seems like PK have big stock of gold and PK have range of gold bars under own PK series

Posted by Invest_888 > Apr 18, 2024 10:50 AM | Report Abuse

Tomei performs well, already up 6 cent in this morning. It is your turn Poh Kong which got better earning power, EPS than Tomei EPS in latest QR.

Posted by Invest_888 > Apr 19, 2024 9:30 AM | Report Abuse

USD2395 per ounce, Poh Kong profit margin is extremely high. Best financial QR is expected.

Posted by ahbah > Apr 19, 2024 10:08 AM | Report Abuse

Buy any gold ctr to protect and to preserve our hard earn moni during this current troubled times throughout the world ? 🤑🤑🤑

Posted by Biggmoney > Apr 19, 2024 12:12 PM | Report Abuse

I told my wife got no money to buy gold.. So i put 20k units here to test since last week..

Posted by Biggmoney > Apr 19, 2024 12:13 PM | Report Abuse

Since i still saw a lot of people are rushing into pawn shop. Still many people are rushing to gold shop in my area.. especially the C race..

Posted by ahbah > Apr 19, 2024 12:20 PM | Report Abuse

Buy gold, veri safe. Long term basis, guaranti to go UP, cannot go down to ziro ?
Gold ... guaranti long term winner, 100% certainty !!! also with 100% margin of safety ! 😁😁😁

Posted by SHOB > Apr 19, 2024 12:30 PM | Report Abuse

,is physical gold is safe

Posted by ahbah > Apr 19, 2024 12:38 PM | Report Abuse

Physical gold is a sure winner on a long term basis, 100% safe and sound !!! 🤑🤑🤑

Posted by SHOB > Apr 19, 2024 12:49 PM | Report Abuse

when war start do you all think stock marker share counter will flood in red ,poh kong will it be escape from it
Any comment.....

Posted by gohkimhock > Apr 19, 2024 12:52 PM | Report Abuse

During uncertainties, precious materials are the safetest bet. No doubt about that. Even oil counters also cannot beat gold. Looking back at covid19 pandemic, precious materials can go up, but not oil. Oil tanked like mad.

Posted by Justin Tan > Apr 19, 2024 1:09 PM | Report Abuse

The Middle east war is starting engine now with Israel begins retaliatory strikes against Iran, Iraq and Syria.
https://www.youtube.com/watch?v=1_472OVQtAM

Posted by Justin Tan > Apr 19, 2024 1:13 PM | Report Abuse

Israel has carried out a strike inside Iran, US official tells CNN, as region braces for further escalation
https://edition.cnn.com/2024/04/18/middleeast/isfahan-iran-explosion-intl-hnk/index.html

Posted by gohkimhock > Apr 19, 2024 2:01 PM | Report Abuse

looking at the inventories of PohKong & Tomei from the Balance Sheet, it seems PohKong has more inventories which will translate into better profit in the future, not expecting price of gold to subside in the near future.

Posted by beinvested > Apr 19, 2024 2:23 PM | Report Abuse

Within the last 30 days, Gold price went up from RM320/g to RM370/g.

Within the last 60 days, it went up from RM310 to RM370/g.

Check the Balance Sheet of these 2 counters, the inventories are materials related to Gold and which will be a big unrealized profit when translated to current market value.

Posted by beinvested > Apr 19, 2024 2:26 PM | Report Abuse

Never before went up so fast like that during the modern history.

Posted by beinvested > Apr 19, 2024 2:32 PM | Report Abuse

Take a look at their NTA, both are higher than their CMV of the shares.
If the company is truthful/honest, without any perishable items in the inventories, limit up is unavoidable.

Posted by pang72 > Apr 19, 2024 2:41 PM | Report Abuse

It looks like a region war in middle east is unavoidable

Posted by pang72 > Apr 19, 2024 2:41 PM | Report Abuse

I didn't expect Israel is so daring to escalate the war..