Homeritz Corporation
Simple and Space Saving than Ever
Homeriz upholstered home furniture have various ranges which are mainly focused on “medium to high end range”.
Competitive Strengths
1. A leading brand with complete range of upholstered home furniture & modern furniture products
Unlike the majority of our local peers who principally involved in the manufacturing and sale of wooden based products, ERITZ present as a “one-stop centre” by offering a complete range of upholstered home furniture which includes upholstered sofas, upholstered dining chairs (with dining tables), upholstered bed frames. You can find our product in living room, bed room and kitchen.
2. Integrated manufacturing operations
ERITZ are a fully integrated home furniture manufacturer as we are involved in the various key stages of the manufacturing process of our products. Hence, ERITZ are able to have better control over the quality of our products as well as their production costs.
3. Outstanding product design and development
ERITZ in-house R&D facilities include a design workshop and prototyping laboratory which would enable ERITZ to undertake our product design development activities. ERITZ R&D team is headed by our Managing Director and he is aided by a team of more than 10 capable and experienced personnel.
4. Strong commitment to quality
ERITZ place great emphasis on and have strong commitment to produce quality home furniture products that meet the demands and expectations of customers. ERITZ not only committed to undertaking continuous improvements in the design of the product but also the manufacturing process of the product in order to maintain consistency of output quality.
Awards
The Malaysian Furniture Leadership Awards (MFLA) / Asia Furniture Leadership Awards 2009 Programme is created to honour and recognise entrepreneurial leadership in furniture businesses in Malaysia & Asia, a nation that ranks amongst top 10 in world furniture export & AFLA.
Enterprise 50 is an annual award programme organised by SME Corporation Malaysia (SME Corp) and Deloitte Malaysia, to celebrate and highlight the achievements of enterprising homegrown companies that are well positioned for the future.
Acknowledged as the most prestigious and representative annual business award, the Golden Bull Award honors the best of SMEs in Malaysia by giving them due recognition for their hard-earned success and outstanding achievements.
EARNINGS EVALUATION
- the group could benefit from strong USD;
- Its revenue & PATAMI are expected to grow at CAGR of 8% & 21% respectively from FY14 to FYE16;
- forecasted FY15 net cash per share of 25.5 sen;
- still attractive FY15E DY of 3.7%, based on 40% payout ratio.
- HLIB research target price given RM 1.42
Disclaimer:
All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.
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