Koda

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#11
The younger team is using technology in a big way:

Virtual Reality at the Shop
http://www.panelsfurnitureasia.com/en/ne...region/683

On the edge article, they plan to set up online shop on tmall in the next 6 mths.

Hopefully this will drive growth for sales and better margins for the COMMUNE products in China!!
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#12
(04-12-2016, 02:15 PM)Contrarian Wrote: The younger team is using technology in a big way:

Virtual Reality at the Shop
http://www.panelsfurnitureasia.com/en/ne...region/683

On the edge article, they plan to set up online shop on tmall in the next 6 mths.  

Hopefully this will drive growth for sales and better margins for the COMMUNE products in China!!

Very appropriate name, COMMUNE for the COMMUNIST! ROFL...
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
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#13
(17-11-2016, 11:14 PM)Contrarian Wrote: http://infopub.sgx.com/FileOpen/1QFY17Re...eID=428704

Recovery momentum continues.  Margin expansion and growth starting to show... and a somewhat optimistic outlook.

Another splendid quarterly results from KODA.  

Top 5 gainers today... up to 98cts.  Here are the sales, gross profit, gross margin %, net profit, Profit Before Tax (figures are in USD)
Their cash jumped to US$6M, NAV is 86cts USD (S$1.22).  Debt continues to reduce on a very healthy balanced sheet.

Q1 2017              Q2 2017
$11,765,000         $13,441,000 
$3,339,000           $4,003,000
28.4%                 29.8%
$1,261,000           $1,398,000
10.7%                 10.4%
$3.18                   $3.84

In the next few months, the company will be starting a tmall.com online store to get sales, and for their franchisees to deliver.

A good friend of mine is a designer.  He recommends his clients to buy COMMUNE furniture :-)
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#14
Q3 recovery continues. On a typical quiet Q3, their sales up 39%. Gross margins up 5+%.

And Profit After Tax jumped 166%.

Cash grows from US4.6M to US$6.9M
Net Gearing dropped to 0.04 from 0.07

Company also requested for 1-for-1 bonus issue, to increase no. of shares.
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#15
Volume and share price is now adjusting on a nice trajectory. Last done $1.27

Market Cap $35M. Q4 (April to june) is usually a solid qtr by historical trends. Even in a slow Q3, the gross margin up 5%.

My realistic estimate of SGD $5M (financials is in USD) profit is definitely achievable. So the valuation is still very reasonable...
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#16
Koda mentioned here with respect to trade war:

https://www.fool.hk/2019/07/27/%E4%B8%AD...%E5%8F%B8/

Koda爲新加坡製造及零售家具公司,在馬來西亞和越南設有工廠。公司在澳洲、新加坡和中國等多個亞太國家亦設有零售店。

另一方面,在中國的同業要面對關稅增加時,像Koda那樣的公司實際上可以受惠。Koda的生產設施主要位於越南和馬來西亞。正如Koda行政總裁指,這可能帶動公司加速增長。他指出,公司很多客戶「正考慮在中國以外尋找貨源,以作為向美國市場供貨的替代來源」。
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#17
Singapore, China, Korean drama:

https://hea.china.com/article/20200828/0...90010.html

...

想必眼尖的朋友们已经发现了,剧中出现的餐桌正是在各大国内外热播剧中频频出镜的Commune家具。而恶之花中出镜的是Commune Bruno系列的餐桌。裸露的黑胡桃木与橱柜相映衬,看起来就令人食欲满满。俗话说,有好的餐桌才能勾起下厨的欲望

...
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#18
From Manufacturing To Retail: How This S'pore Furniture Brand Conquered China With 70 Stores

https://vulcanpost.com/717030/commune-ma...singapore/

...

According to Joshua, Commune’s sales eventually picked up post-circuit breaker.

“We have clocked in double-digit sales growth in Singapore and China compared to last year for the months of July to September.”


...
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#19
Annual report:

https://links.sgx.com/FileOpen/Koda-AR20...eID=635326

...

The stay-at-home trend seems to have
boosted demand for our furniture and led to procurement of
healthy export orders – our factories are now running at full
capacity and we are still investing for facilities expansion.

...
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#20
China furniture sector mentioned in this video:

https://www.bloomberg.com/news/videos/20...peng-video
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