Poh Kong

 Poh Kong Essay

1 . 0 COMPANY PROFILE

POH KONG founded in 1976, as a pioneer jeweller features transformed itself from a traditional jewellery until the middle of the identification of the most crucial jewellery brand as associated with superiority associated with the design and style, quality and superior design. Listed on Bursa Malaysia since 2004, POH KONG has been hailed as the largest jewellery retail chain in Malaysia with a network of 100 branches across the country with manufacturing features. It has been powerful in growing and promoting its own manufacturer and become the only distributor for several international brands. POH KONG in-house brands including Tranz, Happy Take pleasure in, Anggun, The Art of Auspicious, Bunga Raya Precious metal Bar, and many other to arrive. POH KONG is the licensee for Disney Collection is a sole supplier for high-class Schaeffer pearl jewelry from around the world. POH KONG using a differential box image of the brand and full concept to meet the needs of different clients. Apart from POH KONG and Diamond & Gold outlets, retail ideas such as POH KONG Photo gallery, Diamond Specialist, Jade Gallery, Tranz Specialist and Oro Bianco can be found. 2 . zero The General Environment

installment payments on your 1 Political

Jewellery full chain Poh Kong Loge Bhd desires the price of precious metal to be with an upward pattern this year(2012), fuelled by demand for the precious metal while investment. Activity of platinum prices depends on the political stability in Iran, in which Poh Kong gets the supply. Poh Kong's AGM expect that if conflict starts in iran, platinum prices may well increase by 30%. Recently, gold strike above US$1, 900 every ounce yet has since fallen to US$1, 620 this month. With regard to gold globally is still on up trend. The business are still discovering double-digit development globally in gold bullion and bars, so there is even now a potential to get the company to advance forward. Besides that, the high price of gold will bring bigger margins pertaining to Poh Kong as the charge is passed down to retail customers. On bank supplying gold investment, although there is a bit competition, Poh Kong's sales aren't affected since customers even now come bak to them. 2 . 2 Economic

Poh Kong Loge Bhd can be expecting an improved financial season ahead, sparked by improved demand for platinum from the community. When the price of rare metal escalates, you’re able to send selling price to retail buyers increase in tandem. A higher gold price, therefore , has a positivr influence on the income. The biggest jeweller in the country by number of shops says the sales are generally not affected by the volatility in gold rates. Instead, revenue of rare metal bars increase, as the rich search for a safe purchase. Analysts the company may ride the increased cravings for gold as a " safe expenditure class”, specifically amid financial and financial uncertainties. The united states Federal Reserve's decision to function more money in to the financial system which has a second rounded of quantitative easing will also mean more money going into commodities like platinum, which will travel prices possibly higher. However , this would likewise mean bigger inflation, which in turn would gas the way up trend of gold prices. For FY2010, Poh Kong reported a great 11. 24% rise in net profits to RM31. sixty one million on the back of a smaller 3. 62% increase in income to RM561. 24million. EPS was six. 7 sen, up from 6. 93 sen last year. Net earnings and working margins improved in FY2010 to 5. 63% and being unfaithful. 8%, correspondingly, from a few. 25% and 9. 0% in FY2009. 2 . a few Social

Poh Kong Group's CSR initiatives happen to be in line with Bursa Malaysia's platform centered towards the workplace, market place, community and environment. As a socially responsible company, the organization citizenship is definitely integrated into a sustainable business design that goes over and above shareholders hobbies, for the betterment of society. Corporate's CSR plan embraces responsibility for you’re able to send actions and encourages a positive impact through its activities by the employees, tending to consumers, giving back to the beneath privileged through societal...


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