Hai-O Enterprise Bhd (Symbol & Code: HAIO 7668) Update - 29th June 2010

Posted by Daniel Wong | 2:51 AM | | 1 comments »


Fair Value: RM 1.84
Current Price: RM 3.87
Recommendation: SELL

Last Friday (25th June 2010), the company annouced its 4th quarter profit report. The 4Q10 profit had dropped 5.5% compared to 4Q09. Compared to 3Q10, the current profit had dropped 17.6%. I believe this is a sign of a downtrend in the company's earnings. Therefore, I'm revising the Fair Value in anticipation of a downtrend in the company's earnings in the next 4 quarters.

Refer to previous write-up here for more info about this company.

1 comments

  1. PEGGY Method // July 3, 2010 at 4:10 PM  

    I have added you link in my blog.
    Haio is not as strong as Amway. Most products are not manufactured by them.

    The indonesia profit be be in the coming quarter. I have cleared all my haio. Let see how.

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