Yoong Onn Corporation Berhad

$YOCB / 5159 (YOONG ONN CORPORATION BERHAD) anyone following, management communication is close to nil, trading at almost 2x cash, no IR firm, buyback program active without actually buying back shares?

In case anyone wants to buy bantal , $YOCB / 5159 (YOONG ONN CORPORATION BERHAD) sells them 😂

YOCB - Notice of Book Closure

Interim Dividend

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

@boncos Haha me too. Anakku brand is quite famous before but now seldom heard it. Is it ok to buy now? Because P/B is quite cheap, just like $YOCB / 5159 (YOONG ONN CORPORATION BERHAD) before. But $YOCB / 5159 (YOONG ONN CORPORATION BERHAD) P/E is below 10 when P/B is below 1 but $ASIABRN / 7722 (ASIA BRANDS BERHAD) P/E now is traded above 10. And the ROE also, YOCB have the higher ROE, I think maintain at double digit every year if not mistaken.

@jiaming8yap cimb issue non rated report on $YOCB / 5159 (YOONG ONN CORPORATION BERHAD)

non rated = buy?? 😀😂

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Changes in Director's Interest (Section 219 of CA 2016) - MR YEOH CHONG KENG

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings During Closed Period

Revisiting $YOCB / 5159 (YOONG ONN CORPORATION BERHAD) after a year since I covered them:

Updates on their Q2 FY2024:

- Revenue: 66.4mil, -7.7% vs Q2FY2023 due to lower sales from consignment and retail were attributed by weaker retail market sentiment.
- PAT: 9.1mil, -7.1% vs Q2FY2023 due to lower sales and higher operating expenses.
- Versus Q1 FY2024, both revenue and PAT increased by 14.6% and 51.7% respectively, attributed to year-end festive season and promotional sales.
- As of now, YOCB operates 26 Home’s Harmony retail outlets, 4 Niki Cains Home fashion concept stores, and one Home’s Outlet; each targeting different segments.
- Plans to open 6-7 new Home’s Harmony outlets in 2024: location looking at the Klang Valley, and maybe Johor and Penang.
- Looking at opening stores in areas with growing communities due to township or mixed-use development projects, and neighbourhood malls in residential areas because they often offer lower rental costs.
- Fun trivia according to an interview/article: “On average, YOCB sells 1 million pillows every year, which means that’s about one in 30 Malaysians is using its pillows.”


Interesting developments to take note:
Expansion to Singapore by acquiring 60% stake in Singapore-based TC Homeplus for RM38mil (satisfied entirely via cash)

- TC Homeplus is a prominent player in house brand manufacturing (curtains, pillow cases, bed sheets and bed spreads) and mainly serves customer segments like hotels, cruise liners, government units and major department stores in Singapore. For the FYE2022, TC Homeplus reported a net profit of RM7.96 mil with revenue of RM55.42mil, so approx. 14% net margin.
- YOCB bought TC Homeplus 60% stake for around 8X PE
- Acquisition completed on 12 January 2024; so should reflect in next QR.


Other factors to consider:
- Increasing population and increasing homeowner base
- Retail market sentiment
- Rising urbanisation and income levels are expected to fuel preference for premium home linens and homewares.
- Property market indirectly correlated to demand for pillows and bedding products
- Any changes in distribution channels


Refer back to the previous thread discussions on them here:
https://cutt.ly/Lw0V6n7D
https://cutt.ly/5w0V6mTT
https://cutt.ly/jw0V6m8e

Change of Company Secretary - TAN SIEW HONG

Change of Company Secretary - LIEW SHU NING

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSYOONG ONN CORPORATION BERHAD ("YOCB" OR THE "COMPANY")

ACQUISITION OF 60.0% EQUITY INTEREST IN T.C. HOMEPLUS PTE LTD FOR A TOTAL PURCHASE CONSIDERATION OF UP TO APPROXIMATELY SGD10,949,986 (EQUIVALENT TO APPROXIMATELY RM38,214,355) TO BE SATISFIED ENTIRELY VIA CASH ("ACQUISTION")

@portoftheyear 2024
$YOCB / 5159 (YOONG ONN CORPORATION BERHAD) - 20%
$DAYANG / 5141 (DAYANG ENTERPRISE HOLDINGS BERHAD) -20%
$ULICORP / 7133 (UNITED U-LI CORPORATION BERHAD) -20%
$UNISEM / 5005 (UNISEM (M) BERHAD) -20%
$HSSEB / 0185 (HSS ENGINEERS BERHAD) -20%

$YOCB / 5159 (YOONG ONN CORPORATION BERHAD) - Printing cash in a boring business

High ROIC + low growth = Low reinvestment value but high dividend

General Meetings: Outcome of Meeting

Quarterly rpt on consolidated results for the financial period ended 30/09/2023

10 Stocks related to Furniture & Fittings

The furniture industry in Malaysia has come a long way from its small-scale beginnings. It has grown into a key player in the country's economy, known worldwide for its top-notch, trendy, and reasonably priced furniture. Moreover, it's also adopting Industry 4.0 ideas to boost efficiency and stay competitive in response to the increasing global demand for furniture.

We've taken note of 10 companies listed on the Bursa Malaysia in the furniture industry. Have you come across any of them that have caught your attention? Are you seeing any promising investment possibilities among these companies?

Let us know in the comment section below!

$SIGN / 7246 (SIGNATURE INTERNATIONAL BERHAD) $JAYCORP / 7152 (JAYCORP BERHAD) $ECOMATE / 0239 (ECOMATE HOLDINGS BERHAD) $YOCB / 5159 (YOONG ONN CORPORATION BERHAD) $TAFI / 7211 (TAFI INDUSTRIES BERHAD)

KUALA LUMPUR: Stocks to watch on Friday include Berjaya Corp Bhd (BCorp), SMTrack Bhd, AirAsia X Bhd (AAX), MSM Malaysia Holdings Bhd, Atrium Real Estate Investment Trust’s (Atrium REIT), Pentamaster Corp Bhd, Plytec Holdings Bhd and Yoong Onn Corporation Bhd, according to Apex Securities.

$YOCB / 5159 (YOONG ONN CORPORATION BERHAD)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSYOONG ONN CORPORATION BERHAD ("YOCB" OR THE "COMPANY")

PROPOSED ACQUISITION OF 60.0% EQUITY INTEREST IN T.C. HOMEPLUS PTE LTD ("T.C. HOMEPLUS") FOR A TOTAL PURCHASE CONSIDERATION OF UP TO APPROXIMATELY SGD10,949,986 (EQUIVALENT TO APPROXIMATELY RM38,157,743) TO BE SATISFIED ENTIRELY VIA CASH ("PROPOSED ACQUISTION")

Annual Report & CG Report - 2023

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE - PROPOSED RENEWAL OF AUTHORITY FOR SHARE BUY-BACK - PROPOSED RENEWAL OF SHAREHOLDERS MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

YOCB - Notice of Book Closure

Final Dividend

General Meetings: Notice of Meeting

OTHERSPROPOSED RENEWAL OF AUTHORITY FOR SHARE BUY-BACK; AND

PROPOSED RENEWAL OF SHAREHOLDERS MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS ("RRPT") OF A REVENUE OR TRADING NATURE

Change in Boardroom - TAN SRI DATUK SERI DR. SULEIMAN BIN MOHAMED