YOCB has risen by more than 10% in 5 days, and only RM600,000+ is required for purchases, but isn't retail sluggish?
Sentiment in horse stocks was pessimistic yesterday. Shares that fell 📉 far exceeded rising stocks, but YOCB, which has always kept a low profile, turned out to be 5th among the top gainers. If you take a closer look, YOCB continued to rise from RM1.39 📈 for 5 days to RM1.57 last week, which is equivalent to 12.95%.
YOCB is a stock belonging to the consumer furniture category, and ushered in a consumer spring after the pandemic. TTM's net profit for 12 months soared from less than RM15 miles during the COVID-19 period to RM41 miles in FY23Q3. Mainly because the company opened 3 new Home's Harmony Boutique branches in FY23, strong spending intentions in the second half of 2022 will drive turnover and profit.
However, after entering Q2, China's retail sales and consumption intentions declined markedly. The retail sector declined by 4% year-on-year in the second quarter of this year, and the Malaysian Retail Research Bank (RGM) further lowered its full-year growth, from 4.8% to 2.7%. YOCB's turnover also reached a seven-quarter low, a poor quarter since FMCO opened.
It can be seen from this that consumer retail will face many challenges in the second half of the year, so why can YOCB stock prices break through new highs since listing. The following image might explain:
Since YOCB's turnover and profit have continued to grow for 3 years after the pandemic, the company's Net Cash has doubled in the past 3 years. Therefore, the annual dividend is expected to increase to 7.5 points, which is equivalent to 5%. Plus, the company's valuation has always been 5 to 6 times, so it's not ruled out that some dividend enthusiasts will take the opportunity to buy it as dairy cow interest stocks.
The total trading volume over the past 5 days was 400,000 shares +, and purchases equivalent to a transaction value of RM600,000+ made the stock rise close to 13%. But the question is, how do you sell when you want to sell![]()
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One of the major problems with YOCB is that the trading volume is too low, making it difficult for both retail investors and funds to participate.
The next year's economic environment will challenge, and it will be difficult for YOCB to break through a record high again. It is expected that FY24's profit may fall. Mutual encouragement.
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