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Last Price Today's Change   Day's Range   Trading Volume
4.12   -0.02 (0.48%)  4.09 - 4.29  1,187,100
10,789 comment(s). Last comment by chiahs at Oct 28, 2020 11:33 AM
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ocpd
669 posts

Posted by ocpd > Jul 2, 2020 10:38 PM | Report Abuse

US to impose more sanctions on China. Where else do they get their furniture?


tvz32
458 posts

Posted by tvz32 > Jul 3, 2020 1:55 PM | Report Abuse

Sorry what did the article in Nanyang said?


zen_2k
230 posts

Posted by zen_2k > Jul 3, 2020 5:31 PM | Report Abuse

tvz32 the Nanyang article basically says that orders from US and Europe + Korea has been increasing since April especially those of mid-low class furniture which are affordable. DIY furniture has been benefitting too via online sales. The orders are so much that 174 factories are lacking a total of 13thousand manpower, and they are expressing their hopes that they can get more local workers but locals dun tend to work with them for long periods, while its costly for foreigners to work here bcuz they have to prepare accommodation etc. Also they briefly discussed that material costs are somewhat increasing, although at an acceptable rate but itll affect the profit margin somewhat too.


jameslimsingpoh
145 posts

Posted by jameslimsingpoh > Jul 7, 2020 2:51 PM | Report Abuse

TP for today : RM2.80


Fabien "The Efficient Capital Allocater"
1540 posts

Posted by Fabien "The Efficient Capital Allocater" > Jul 8, 2020 8:20 PM | Report Abuse

https://www.theedgemarkets.com/article/indiachina-dispute-presents-opportunity-malaysia-boost-exports

The heightened border dispute between India and China presents an opportunity for Malaysia to boost exports to India as the South Asian country plans to impose strict rules and tariffs on Chinese goods, said MIDF Research.

This is on top of the global disruption of raw material supplies from China as a result of the COVID-19 pandemic, prompting key importing countries including India to consider import substitution or diversification.

The firm said there were no specific products emphasised in India’s tariff plan but they could generally include chemicals, steel, electronics, heavy machinery, furniture, paper, industrial machinery, rubber articles, glass, metal articles, pharma, fertiliser and plastic toys.


RainT
7382 posts

Posted by RainT > Jul 11, 2020 5:27 PM | Report Abuse

EPF holds around 3.06% of LIIHEN as at 29/05/2020


focusinvesting
35 posts

Posted by focusinvesting > Jul 12, 2020 4:12 PM | Report Abuse

The company's financial position remains solid and the reducing debt is a pleasing development.
https://focusinvesting484855354.wordpress.com/2020/07/12/lii-hen-1st-quarter-2020-analysis/


jameslimsingpoh
145 posts

Posted by jameslimsingpoh > Jul 13, 2020 10:35 PM | Report Abuse

TP for tomorrow : Rm 3.10


Patrick13
1938 posts

Posted by Patrick13 > Jul 14, 2020 9:05 AM | Report Abuse

Hi focusinvesting, you need a calculation, basis and assumption how to derive your fair value, otherwise this is no difference with the figure is from the sky.

focusinvesting The company's financial position remains solid and the reducing debt is a pleasing development.
https://focusinvesting484855354.wordpress.com/2020/07/12/lii-hen-1st-q...
12/07/2020 4:12 PM


confidential
227 posts

Posted by confidential > Jul 15, 2020 2:55 PM | Report Abuse

glove cooling off...furniture trend start engine...


1989wailoong
5 posts

Posted by 1989wailoong > Jul 15, 2020 7:54 PM | Report Abuse

will break 52 week new high


focusinvesting
35 posts

Posted by focusinvesting > Jul 15, 2020 8:42 PM | Report Abuse

Hi Patrick, thanks for pointing that out! I'll include it in the next article.

For this article, I used the discounted cash flow (DCF) method to calculate my fair value.
You'd need to first determine the free cash flow (FCF).

FCF = 5-yr average operating cash flow - capital expenditure - operating expenditure
= RM 74.4 million

For the DCF method, my constrains were two situation:
1% growth rate for 10 years
3% growth rate for 10 years
PE = 12
discount rate = 7%

DCF method (1%) = RM 2.78 per share
DCF method (3%) = RM 3.38 per share

Considering that I could be wrong in my calculations or estimates. I took an approximate 20% margin of safety. Therefore, final fair value was determined to be:

DCF method (1%) = RM 2.78 per share x 80% = RM 2.22 per share
DCF method (3%) = RM 3.38 per share x 80% = RM 2.70 per share

I hope that answered your question.


Fabien "The Efficient Capital Allocater"
1540 posts

Posted by Fabien "The Efficient Capital Allocater" > Jul 15, 2020 9:48 PM | Report Abuse

1% and 3% growth rate seems like terminal growth, you are that pessimistic regarding Liihen's prospect?

your PV of FCF, did you take into account its excess cash balances?


focusinvesting
35 posts

Posted by focusinvesting > Jul 16, 2020 7:31 AM | Report Abuse

it's not that I'm pessimistic, it's just a very conservative method of valuation. I know that this method would filter out most if not all companies.

I did consider the cash position, which is why when I purchased lii hen, I knew it was a no brainer. the thought process and my evaluation isn't simply factoring in the numbers but a consideration of the worst case scenario and if I could still profit from such a scenario.


Patrick13
1938 posts

Posted by Patrick13 > Jul 16, 2020 9:44 AM | Report Abuse

Hi focusinvesting, I wont argue how accurate your fair value, but your calculation and basis are make sense. Thank you.


zen_2k
230 posts

Posted by zen_2k > Jul 16, 2020 2:17 PM | Report Abuse

focusinvesting makes sense if he/she wants to play it very very safe... happen to have a site that teaches the details on DCF valuation?


focusinvesting
35 posts

Posted by focusinvesting > Jul 17, 2020 7:10 AM | Report Abuse

https://www.investopedia.com/terms/d/dcf.asp

investopedia has a decent explaination on DCF


Kon Lim Chai
102 posts

Posted by Kon Lim Chai > Jul 19, 2020 5:58 PM | Report Abuse

DCF is useless because you cannot even forecast next year cash flow, not to talk about multiple years ahead. The approach is used by theoreticians in university to carimakan. the outcome is student or professor might have scored distinction in exam but suffer extinction in the real world.


focusinvesting
35 posts

Posted by focusinvesting > Jul 20, 2020 7:29 AM | Report Abuse

the method works well if you're good at considering possible future scenarios. it's not meant to calculate one value but a range of values. from those scenarios, you determine if th investment is worth the risk. definitely used to cari makan. it's been working well for me so far.


zen_2k
230 posts

Posted by zen_2k > Jul 20, 2020 12:10 PM | Report Abuse

@Kon Lim Chai its just used as a reference to have a better vision of a range of reasonable prices, especially useful if u play it safe, since u can impose heavy discount rates to reflect a bad economy ahead, many investors use it. Just bcuz it doesnt work for u doesnt mean it doesnt work for others.


Fundamentalist91
61 posts

Posted by Fundamentalist91 > Jul 20, 2020 3:29 PM | Report Abuse

Its good to be optimistic, but I wonder how many people are willing to hold their ground in short term (1-2 years). PoHuat already warns.

https://www.thestar.com.my/business/business-news/2020/06/23/furniture...

Once PE ratio isn't this attractive and dividend got cut, i wonder how many will run and price will likely test the bottom again.


frankco
97 posts

Posted by frankco > Jul 20, 2020 6:55 PM | Report Abuse

at this time , the company's subsidiary still continue with the expansion.. a tell tale that company is very optimistic of its future ..


hosehliaoo
68 posts

Posted by hosehliaoo > Jul 20, 2020 10:51 PM | Report Abuse

Low P/E ratio, High Dividend Yield. Basics of fundamental analysis.


Swee Jacqueline
185 posts

Posted by Swee Jacqueline > Jul 23, 2020 8:17 AM | Report Abuse

LIIHEN has all the fundamentals of a well managed company with a good level of cash hoard for immediate expansion or diversification. It is worthwhile to watch its strategic expansion plan especially based on its latest major shareholder Mr Chua acquiring substantial shareholdings in TAFI. It will be a one plus one equal to three ...


EatCoconutCanWin
2864 posts

Posted by EatCoconutCanWin > Jul 23, 2020 5:42 PM | Report Abuse

Liihen going to produce face mask ,glove and covid19 vaccine .


Papayashot
104 posts

Posted by Papayashot > Jul 24, 2020 10:31 AM | Report Abuse

wah EatCoconutCanWin , you got proof or not? Dun simply say le...


EatCoconutCanWin
2864 posts

Posted by EatCoconutCanWin > Jul 25, 2020 8:56 PM | Report Abuse

Come eat spade burger


EatCoconutCanWin
2864 posts

Posted by EatCoconutCanWin > Jul 29, 2020 7:52 AM | Report Abuse

Liihen going to production woodbase face mask


RainT
7382 posts

Posted by RainT > Aug 1, 2020 6:37 PM | Report Abuse

FYI LIIHEN has been always on low PE since 10 years ago until now

for newbie....


karimboss
1150 posts

Posted by karimboss > Aug 3, 2020 11:25 AM | Report Abuse

FYI April-June Laosai Export

https://importkey.com/i/favourite-design-sdn-bhd

Start July only pick up slightly...After QR sure Drop again


jameslimsingpoh
145 posts

Posted by jameslimsingpoh > Aug 4, 2020 8:33 AM | Report Abuse

Wait for good news.


chiahs
114 posts

Posted by chiahs > Aug 8, 2020 4:10 PM | Report Abuse

final dividend 4.5cents


ooihk
1 post

Posted by ooihk > Aug 9, 2020 11:30 AM | Report Abuse

good dividend


anicca
325 posts

Posted by anicca > Aug 9, 2020 11:56 AM | Report Abuse

nice!


alextan5680
96 posts

Posted by alextan5680 > Aug 9, 2020 8:28 PM | Report Abuse

Good company,share profit with investors,i will use dividend to buy more


frankco
97 posts

Posted by frankco > Aug 10, 2020 10:19 AM | Report Abuse

the outstanding shares are just too limited for institutional players to buy. wonder why the management does not issue more shares?


frankco
97 posts

Posted by frankco > Aug 13, 2020 11:15 AM | Report Abuse

time to fly yet since already breakout from resistance


121212
54 posts

Posted by 121212 > Aug 13, 2020 9:14 PM | Report Abuse

How come Liihen price suddenly fly?


brendonyeap
1627 posts

Posted by brendonyeap > Aug 13, 2020 9:14 PM | Report Abuse

Buy as much as possible, the coming quarterly results are excellent.


EatCoconutCanWin
2864 posts

Posted by EatCoconutCanWin > Aug 14, 2020 8:06 PM | Report Abuse

TQ supporters. Sold my portion at 2.99


Patrick13
1938 posts

Posted by Patrick13 > Aug 17, 2020 6:00 PM | Report Abuse

Very good result even thru fully operate for 1 and half month only! Thanks for another 2.5 sen dividend again!


Lyo82
328 posts

Posted by Lyo82 > Aug 17, 2020 6:29 PM | Report Abuse

Bad result comes at no surprise.. but net asset keeps growing. Accumulate on price weakness if it does.


tealeaf
189 posts

Posted by tealeaf > Aug 17, 2020 9:05 PM | Report Abuse

at least still profit....


bananadesk
54 posts

Posted by bananadesk > Aug 17, 2020 10:36 PM | Report Abuse

Thx for the bonus


frankco
97 posts

Posted by frankco > Aug 18, 2020 9:32 AM | Report Abuse

doing half of the time for the quarter but still having revenue close to 70% of previous quarter....if it is not invisible growth what is it ?


frankco
97 posts

Posted by frankco > Aug 18, 2020 3:40 PM | Report Abuse

https://tradingeconomics.com/united-states/new-home-sales


witchjaz
50 posts

Posted by witchjaz > Aug 18, 2020 4:43 PM | Report Abuse

https://www.theedgemarkets.com/article/15-malaysian-companies-named-forbes-asias-best-under-billion-2020-list


alextan5680
96 posts

Posted by alextan5680 > Sep 2, 2020 1:55 AM | Report Abuse

Liihen true value is 4.8


Patrick13
1938 posts

Posted by Patrick13 > Sep 2, 2020 9:33 AM | Report Abuse

Will hit 52-week new high today.


Sardin
64 posts

Posted by Sardin > Sep 4, 2020 5:32 PM | Report Abuse

Anyone know what was the door gift for 2019 AGM?

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