Highlights
KLSE: LATITUD (7006)       LATITUDE TREE HOLDINGS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
3.45   -0.01 (0.29%)  3.40 - 3.45  30,500
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Ann. Date Ex Date Payment Date Type Subject Amount View
25-Oct-1999 07-Dec-1999 12-Jan-2000 DIVIDEND Final Dividend 5.5% Dividend Detail
08-Nov-2000 06-Dec-2000 10-Jan-2001 DIVIDEND First and Final Dividend 5.5% Dividend Detail
23-Jul-2001 07-Aug-2001 09-Aug-2001 BONUS_ISSUE Bonus Issue 3 : 4 Dividend Detail
20-Nov-2001 21-Dec-2001 25-Jan-2002 DIVIDEND First and Final Dividend 3.5% Dividend Detail
15-Oct-2002 04-Dec-2002 09-Jan-2003 DIVIDEND First and Final Dividend 7.25% Dividend Detail
17-Nov-2003 12-Dec-2003 15-Jan-2004 DIVIDEND Final Dividend RM 0.05 Dividend Detail
25-Nov-2004 17-Dec-2004 20-Jan-2005 DIVIDEND First and Final Dividend RM 0.0525 Dividend Detail
29-Nov-2005 19-Dec-2005 18-Jan-2006 DIVIDEND First and Final Dividend RM 0.068 Dividend Detail
28-Nov-2006 28-Dec-2006 30-Jan-2007 DIVIDEND First and Final Dividend RM 0.09 Dividend Detail
26-Nov-2007 28-Dec-2007 23-Jan-2008 DIVIDEND First and Final Dividend RM 0.041 Dividend Detail
25-Nov-2008 24-Dec-2008 20-Jan-2009 DIVIDEND First and Final Dividend RM 0.04 Dividend Detail
23-Nov-2009 04-Jan-2010 28-Jan-2010 DIVIDEND First and Final Dividend RM 0.058 Dividend Detail
24-Feb-2010 31-Mar-2010 30-Apr-2010 DIVIDEND Interim Dividend RM 0.03 Dividend Detail
30-Dec-2010 29-Dec-2010 21-Jan-2011 DIVIDEND Final Dividend RM 0.07 Dividend Detail
25-May-2011 06-Jun-2011 08-Jun-2011 BONUS_ISSUE Bonus Issue 1 : 2 Dividend Detail
22-Nov-2011 15-Dec-2011 16-Jan-2012 DIVIDEND Final Dividend RM 0.02 Dividend Detail
23-Nov-2012 18-Dec-2012 18-Jan-2013 DIVIDEND Final Dividend RM 0.03 Dividend Detail
28-Nov-2013 27-Dec-2013 28-Jan-2014 DIVIDEND Final Dividend RM 0.063 Dividend Detail
17-Nov-2014 29-Dec-2014 29-Jan-2015 DIVIDEND Final Dividend RM 0.085 Dividend Detail
27-Oct-2015 29-Dec-2015 29-Jan-2016 DIVIDEND First and Final Dividend RM 0.1200 Dividend Detail
27-Sep-2016 13-Dec-2016 13-Jan-2017 DIVIDEND First and Final Dividend RM 0.12 Dividend Detail
03-Oct-2017 28-Dec-2017 30-Jan-2018 DIVIDEND Final Dividend RM 0.12 Dividend Detail
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  9 people like this.
 
Flintstones a smart investor should ignore historical earnings and avoid extrapolation to the future. looking at the macro variables, MYR has strengthened substantially in the last few months. this factor alone should hastened reversion to mean where latitud's peak earnings is past its glory days. as an investor, are you going to ignore the impact of currency movement on latitud's business? one of the typical characteristic of value trap is a company which its earnings is in decline.

many analysts have pointed out the large cash hoard in the companys balance sheet. and when you compute the PE ex cash, latitud is going to look incredibly cheap. if i were invested in latitud, i would like to see the company returning the cash to shareholders or do share buyback as the current cash level signifies over-capitalization.
06/01/2018 08:33
Val-Elta I disagree that historical earnings should be ignored entirely. The historical earnings is a short summary of their customer profiles and production capability, and the customer relationships which although may have changed due to a new competitor giving a cheaper price, but the relationship can be potentially reactivated again if the circumstances is valid.

Past earning also reflects the income generation capacity. A company that does 10m in sales cannot realistically ramp up to 50m sales in 1 quarter, but a company that did make 50m in sales, while dropping to 40m still have the base production capability intact to go back up to 50m.

Latitude uses a sort of natural hedge where they pay their vendor in USD as well, so the forex drop will not hurt as much vs others.

I think the overall problem with Lat is, their chairman/management DO NOT focus on the share price performance..
This.. can be said as a positive thing, as I'm sure you know there's a lot of directors who will actively try to manipulate share prices to their own profit.
But the bad thing is, they let it drop down too much...

A sharebuy back at <4.80 is actually a WIN WIN for the company, shareholder, paying 4.80 for a NAPS of 5.8+ will immediately yield a profit, and increases the average NAPS

I think the government move to block rubber wood export hurt Lat's strategy at buying a lumber mill in msia, as their major usage of lumber is from their Vietnam factory... while unfortunate, you can't entirely say that their initial decision is wrong. Imagine if all their vietnam lumber is supplied internally instead, that could've improved profit margin by an important 1-2% if not more.

It's how they respond to all of these challenges that determine if the management is good or not.
And in the latest q result, we already did see a significant improvement in the revenue of their Msian sales, probably some startup issues on a new project/ramp up that impacted their initial Msian operations net profit.
11/01/2018 17:00
Val-Elta To me their ability to ramp up sales from their Msian factory indicates there's still some 'moat' available to them, their msian sales should tap into their Msian lumber mill, which we should be able to see the impact on their coming Q results..
11/01/2018 17:02
yfchong bagus lah tu...
12/01/2018 11:34
Jon Choivo I somewhat prefer liihen, not as undervalued, but management appear more competent and is more shareholder centric. Except they have very undemanding valuations. Also, with rubberwood export banned in malaysia, should be a big plus for them.
30/01/2018 12:01
Jon Choivo Either way, i hold both, with liihen being a bit bigger. Will probably buy more liihen next month.
30/01/2018 12:08
yfchong Semarang keeps buying.....maybe Ada kang tau
19/02/2018 20:37
babihutanlol tomoro 3.50 free fall
26/02/2018 17:37
babihutanlol From RM8 to RM4.....down trend...will see RM3 soon
26/02/2018 17:38
Flintstones Oh dear. That is why we dont invest with a rear view mirror
26/02/2018 17:42
yfchong hope already price in.... else.......
27/02/2018 06:58
jibbie samarang really buying for long term. profits dropping and i dont see it going up in near term
27/02/2018 08:57
deepsea Val-Elta, you are wrong. Latitude's Vietnam factories hardly buy rubber wood from m'sia (very minimal) as their factories in Vietnam can easily source rubber wood from Vietnam and Cambodia.
Their Malaysia's sawmill plant has problem of securing logs as Felda, Felcra and Risda plantations are controlled by corrupted officers and brokers.
27/02/2018 10:45
Val-Elta Actually rubber wood export from malaysia to china/vietnam was increasing also, until the gov started the rubberwood export ban. But fundamentally, can't defend the company also la... their margin compressed by so much, compared with Poh Huat who have operations in Vietnam too... so, yeah, I did cut loss a bit.
27/02/2018 10:55
Val-Elta Especially compared with Lii Hen, Poh Huat.. their sales to US, and their margin didn't go as bad as Latitud's can't really understand what else is happening.

Whilst its net asset will provide a cushion, maybe a bottom of 300-330 (Net cash+convertable to cash items is about 2.80 per share, it's totally crazy for it to go below net cash/convertable to cash value)

Don't expect any increase in share price until they managed to pass on some costs back to their customers/or gain new customers, or shift more of their sales from VN to MY.

This potentially could take a long time, 6 months to a year, but any turnaround in revenue, will result in them shooting back up quite fast... Latitud is a high risk/uncertainties, high gain type of stock d.
27/02/2018 11:00
tah16600 Technically the chart indicates it is in downtrend mode .So better stay aside cos we dunno how low it will go.
27/02/2018 11:07
Tom 过1年后我可能会把latitud放进watchlist
27/02/2018 11:31
yfchong it is in icu..... now.
27/02/2018 11:56
Babihutan88 Rm3 soon
27/02/2018 13:11
Babihutan88 This few days will down another 20%
27/02/2018 13:11
Davidl Really?
27/02/2018 13:18
Jon Choivo Parkson, PMCORP, Insas, Puncak. They all trade below net cash and cash equivalents.

Trust me, things can get alot crazier. I'm not sure how my investment in latitud will turn out but ill just hold, only 5% position anyway. Still wondering if im stupid or not.

Val-Eita
Whilst its net asset will provide a cushion, maybe a bottom of 300-330 (Net cash+convertable to cash items is about 2.80 per share, it's totally crazy for it to go below net cash/convertable to cash value)
27/02/2018 14:38
Edwardong53 Any comments from their top Mgmt on this poor quarter performance ? Looks like the flood disasters in US and other countries did not bring any benefits to their financial performance
27/02/2018 14:47
Garry Yong Chee Seng Free fall again tomorrow...till almost same with liihen price.
27/02/2018 20:50
Garry Yong Chee Seng Dividen also didnt hv, mayb worst than liihen...
27/02/2018 20:53
jibbie as long as semarang keeps buying, it should cushion the impact of the drop in share price. but if they start selling..
28/02/2018 06:26
yfchong almost taper
28/02/2018 15:32
deepsea don't worry, poh huat and lii hen results will same like latitude as both like to copy/follow latitude.....
01/03/2018 11:07
yfchong if not samarang.......already match liihen share prices.... no more kit kat........
03/03/2018 13:45
issac99289928 the Donald Trump administration is considering tariffs on more than 100 Chinese products ranging from electronics and telecommunications equipment to furniture and toys.

https://www.politico.com/story/2018/03/13/trump-demands-aides-strengthen-china-tariffs-460416

Donald Trump ban on china furniture is good for Malaysia furniture industry.
soybean ban from china is good for palm oil industry.
25/03/2018 19:11
goreng_kaki PE

Homeriz: 6.99
Hevea: 6.82
Liihen: 6.29
pohuat: 7.04
Latitud: 8.83

market cap
homeriz: 203m
hevea: 439M
liihen: 463m
pohuat: 312M
Latitud: 345M

becareful latitud stil overprice now
if apply PE 7 only worth RM 2.80
28/03/2018 16:17
yfchong Long time in freezer... no need to see lah
31/03/2018 18:08
issac99289928 White House unveiled plans for tariffs on $50 billion in Chinese imports across 1,300 categories, with 25 percent levies on Chinese goods ranging from electronics, aerospace and machinery to phones, shoes and furniture.

https://www.washingtonpost.com/world/asia_pacific/china-fires-back-at-trump-with-tariffs-on-106-us-products-including-soybeans-cars/2018/04/04/338134f4-37d8-11e8-b57c-9445cc4dfa5e_story.html?utm_term=.e9a72f9a84d3

25 percent levies on Chinese furniture. a boost for Malaysia furniture industry.
04/04/2018 22:16
lkoky fire!!
http://www.theedgemarkets.com/article/latitude-trees-vietnam-subsidiary-suffers-us11m-loss-fire
05/04/2018 13:45
goreng_kaki gg

kebakaran
05/04/2018 14:13
yfchong Freezer n fire
05/04/2018 19:48
issac99289928 Trump threatens China with new $100 billion tariff plan

http://money.cnn.com/2018/04/05/news/trump-tariff-china-trade-war/index.html

donald duck is arrogant and won't back down.then God bless Malaysia furniture industry
06/04/2018 14:03
albert787378 a new list of Chinese imports to be taxed is announced in coming days.

a Reuters analysis of Chinese imports shows that to quickly reach $100 billion worth of goods to tax, Trump may have to target cellphones, computers, toys, clothing, footwear, furniture and other consumer goods.

http://news.abs-cbn.com/business/04/23/18/trumps-next-100-billion-tariff-dilemma-hit-wal-mart-or-apple-store

25 percent levies on Chinese furniture. a boost for Malaysia furniture industry.
24/04/2018 10:55
issac99289928 trade war is unavoidable if donald trump is in power

https://www.axios.com/exclusive-trump-vents-in-oval-office-i-want-tariffs-bring-me-some-tariffs-1513305111-5cba21a2-6438-429a-9377-30f6c4cf2e9e.html
05/05/2018 07:27
jibbie super lousy quarter result.
21/05/2018 19:02
yfchong Die die.... all region kaput...
21/05/2018 21:05
Jon Choivo Lower rev etc, but also alot due to forex gain in prev q, turn to forex loss in current q. Not fun i suppose.

Its about 5.5% of portfolio, i guess ill just keep. Might buy a little bit if it drops too much.
21/05/2018 21:54
apolloang 3.00 kambing,
21/05/2018 22:10
mamatede siot,better sell if you hold this. Management cant control profitability and swing very volatile. Boo
21/05/2018 23:06
trulyinvest Rm2 coming
21/05/2018 23:07
jibbie cyclical stock. dont see profits going up for next 2 quarters
22/05/2018 10:32
deepsea good time to collect such quality stock as the results are at bottom already due decreasing USD over the past few 6 months.......
sign of USD recovering against RM and going to break RM4.00 again.......
their raw material businesses such as panel board lamination plant and upstream plants are enjoying good returns from the increase in the prices of raw materials........
If their share price continue to drop further, I believe the management will start share buy back some shares............
22/05/2018 11:11
Flintstones Better cut loss. Remember furniture stocks are cyclical. They are not as stable as consumer stocks like nestle. Exporters enjoyed good business for almost 3-4 years. I imagine their business will remain poor for the next 3-4 years as well. Timing is important. Avoid value trap.
22/05/2018 20:55
Mark Goh Finally, share buy back is announced!
23/05/2018 10:11
Jon Choivo That is nice.
23/05/2018 11:56


 

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