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Overview
Financial Highlight
Headlines
Business Background Homeritz Corp Bhd an investment holding company, designs, manufactures and sells upholstery furniture products. The company provides upholstery home furniture products consisting of leather and fabric-based sofas, dining chairs, and bed frames; and lifestyle furniture products under the Eritz brand. It is also involved in the property investment activities; and design, manufacture, and sale of furniture and furniture parts. The company’s majority revenue comes from Asia and Pacific market.
  sense maker Cost pressure has been mounting especially after Russia started invading Ukraine. Homeriz may not be able to pass down all cost increases to its customers. The next two quarters’ results should be subdued. 30/03/2022 7:52 PM PotentialStock https://www.chinapress.com.my/20220429/%E2%97%A4%E8%B0%88%E8%82%A1%E8%AE%BA%E5%B8%82%E2%97%A2-%E5%87%BA%E5%8F%A3%E9%94%80%E5%94%AE%E5%BC%BA-%E4%B8%BD%E8%B5%84%E6%9C%BA%E6%9E%84%E8%B5%9A%E5%B9%85%E5%8F%AF%E6%8C%81%E7%BB%AD/ 30/04/2022 1:01 PM  SmallCapAsia Homeritz positioning as an ODM, will enable the group to pass on the soaring raw material prices by adjusting its selling price by introducing new designs. Analysts are bullish on this stock and 6 others as the country opens up. Read more: https://www.smallcapasia.com/7-interesting-stock-ideas-for-may-my/ 18/05/2022 10:06 AM Thkent91 What are they going to do with the money obtained from the warrant exercise? They already have lots of money in the bank now. 07/06/2022 7:08 PM CFTrader HOMERIZ has excellent FCF flow ... but they were unable to use their cash on hand to expand their operation or to generate value .... Now with warrant conversion, there will be a lot of cash on hand... 18/06/2022 10:52 AM SmallCapAsia hi all, we wrote about Homeritz Berhad in this article. Feel free to take a look! https://www.smallcapasia.com/3-stable-malaysia-stocks-with-positive-free-cash-flow/ 07/07/2022 9:40 AM CFTrader Cash on hand is 121M , FCF generated is 40M for this 9 month , with capex of only 3M. BUT they only declare 6 Million as dividend ... yet they didn't use the money to generate more cash... This is what causes it's poor valuation... 05/08/2022 7:54 AM Sebastian Power USD-MYS everyday record high, keep an eye on this sleeping beauty 19/08/2022 2:03 PM jackjason since RM to USD depreciate, should be a bit contribute to homeriz eventhough the raw mat - cow leather also import from oversea. 18/10/2022 11:24 PM danchong https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3302897 29/10/2022 4:52 AM Thkent91 What a shame! Supposed to expand their factory but ended up being conned by the agent/land owner. Legal case has been happening since 2019 and till now still no result! 03/01/2023 7:59 PM valensi88 still no special bonus.. give 10 cents per share and the company still got huge cash... 13/01/2023 11:33 PM valensi88 sorry but what i meant is if they give 10 cents per share, they still got plenty of huge cash... about ~100M cash 15/01/2023 9:48 AM  Michael Kwok The different is the dividend in malaysia snd japan. I)price will be adjusted 70-100 percents while japan a no). II)When calculation,the money before and after adjustment usually the same. Give message if wanted to join in fb. Come to join me.situation very critical.u need some advice and tweaking. 3 as below; I)teach some II)shares review every one or 2 weeks III)share recommendation or ask to buy or sell share u have. IV)tell u shares to avoid if overbought (mainly people no knowledge) Sifu Michael(with ang pow picture) in FB. Charging rm 200 per month.left a message. 5)Free swarovski pendant 17mm necklace(basic) worth rm 150(year 2018-2019 pricing) 4 month subcribe. 6)Free swarovski pendant necklace 14mm(basic) worth rm 250(more cutting) 6 month subcribe. Please inform me if reach due date for message 5 to 6 to get free gift or equivalent(if product out of stock). 15/01/2023 10:58 AM firehawk Review of Performance Comparison with Last Year Correspodance Quarter’s Results The Group’s revenue and PBT for the Q1FY2023 decreased by 33.5% and 23.3% respectively compared with the corresponding period last financial year. The decrease in revenue and PBT were mainly attributed to the lower volume of product sold but partially cushioned by a stronger USD in the current quarter. In Q1FY2022, revenue was commendable also partly due to deliver the orders previously delayed during Movement Control Order 3.0. Comparison with Preceding Quarter’s Results The Group’s revenue and PBT for the Q1FY2023 decreased by 23.9% and 35.9 % compared with the preceding quarter Q4FY2022. These was mainly attributed to the lower volume sold as consumer demand was slower in Q1FY2023. 17/01/2023 8:37 PM  | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
