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KLSE: LIIHEN       LII HEN INDUSTRIES BHD
Last Price Avg Target Price   Upside/Downside Price Call
2.74 4.01     +1.27 (46.35%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
29/06/2020 2.45 3.65 +1.20 (48.98%) BUY HLG Price Target News
23/06/2020 2.46 3.65 +1.19 (48.37%) BUY HLG Price Target News
09/03/2020 2.75 4.37 +1.62 (58.91%) BUY HLG Price Target News


Price Target Research Article/News (past 6 months)
29/06/2020  HLG Lii Hen Industries - Decent Earnings, But Covid-19 Awaits
23/06/2020  HLG Lii Hen Industries - Decent Earnings, But Covid-19 Awaits
09/03/2020  HLG Lii Hen Industries - Rising Export Volumes and Better Cost Control



  28 people like this.
 
RainT wah

very rare this LIIHEN will up so much within 1 day

up 10% oh
01/07/2020 2:34 PM
EngineeringProfit NO buy now, later no big HUAT
01/07/2020 2:58 PM
EngineeringProfit lai.......................lai...........................lai

testing 3.00 again in short term
01/07/2020 2:59 PM
EngineeringProfit HUUUUUUUUUUUUUUUUUUUUUUUAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAT

AAAAAAAAAAAAAAAAAARRRRRRRRRRRRRRRRRRRRRRRRRRR
01/07/2020 2:59 PM
EngineeringProfit LAI.................LAI..........................LAI
01/07/2020 3:14 PM
EngineeringProfit HUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUAAAAAAAAAAAAAAAAAAAAAAAAAAAT







AAAAAAAAAAAAAAAAAAAAAAAAARRRRRRRRRRRRRRRRRRRR
01/07/2020 3:15 PM
Fabien "The Efficient Capital Allocater" rotational play to furniture counters?

both Liihen and Pohuat up
01/07/2020 3:16 PM
EngineeringProfit Don't forget to sailang POHUAT also...............

.................very huat one
01/07/2020 3:17 PM
EngineeringProfit Today's high is tomorrow's low
01/07/2020 3:19 PM
EngineeringProfit CHEER$, GUY$
01/07/2020 3:20 PM
EngineeringProfit Pohuat levitates antigravity ady

VERY HUAT
01/07/2020 3:21 PM
EngineeringProfit NO ticket$, cannot enjoy 4.30 o'clock show
01/07/2020 3:22 PM
EngineeringProfit Price and volume keep increasing...........................

..................HUUUUUUUUUUUUUUUAAAAAAAAAAAAAAAAAAAAAAT AAAAAAAAAAAAARRRRRR
01/07/2020 4:20 PM
jameslimsingpoh Waiting
01/07/2020 6:22 PM
Mkfarmer Pohuat and Homeritz up even more, Pohuat-WB up 131%! Probably push up by Nanyang's article?
If Nanyang's reporters bought yesterday and sell today, they will earn 131% profit in just two days! Nanyang's reporters are disciple of Coldeye, 名师出高徒。
01/07/2020 6:43 PM
01/07/2020 9:55 PM
Patrick13 Sold at 2.82 to free up capital.
02/07/2020 9:51 AM
EatCoconutCanWin Holding.. toward tp4
02/07/2020 11:41 AM
tvz32 what is the catalyst of this sudden increase?
02/07/2020 11:57 AM
Patrick13 Based on current scenario, definitely is goreng share due to the Nanyang SiangPau article.
02/07/2020 12:11 PM
ocpd US to impose more sanctions on China. Where else do they get their furniture?
02/07/2020 10:38 PM
tvz32 Sorry what did the article in Nanyang said?
03/07/2020 1:55 PM
zen_2k 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.
03/07/2020 5:31 PM
jameslimsingpoh TP for today : RM2.80
07/07/2020 2:51 PM
Fabien "The Efficient Capital Allocater" 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.
08/07/2020 8:20 PM
RainT EPF holds around 3.06% of LIIHEN as at 29/05/2020
11/07/2020 5:27 PM
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-quarter-2020-analysis/
12/07/2020 4:12 PM
jameslimsingpoh TP for tomorrow : Rm 3.10
13/07/2020 10:35 PM
Patrick13 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
14/07/2020 9:05 AM
confidential glove cooling off...furniture trend start engine...
15/07/2020 2:55 PM
1989wailoong will break 52 week new high
15/07/2020 7:54 PM
focusinvesting 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.
15/07/2020 8:42 PM
Fabien "The Efficient Capital Allocater" 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?
15/07/2020 9:48 PM
focusinvesting 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.
16/07/2020 7:31 AM
Patrick13 Hi focusinvesting, I wont argue how accurate your fair value, but your calculation and basis are make sense. Thank you.
16/07/2020 9:44 AM
zen_2k 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?
16/07/2020 2:17 PM
focusinvesting https://www.investopedia.com/terms/d/dcf.asp

investopedia has a decent explaination on DCF
17/07/2020 7:10 AM
Kon Lim Chai 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.
19/07/2020 5:58 PM
focusinvesting 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.
20/07/2020 7:29 AM
zen_2k @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.
20/07/2020 12:10 PM
Fundamentalist91 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.
20/07/2020 3:29 PM
frankco at this time , the company's subsidiary still continue with the expansion.. a tell tale that company is very optimistic of its future ..
20/07/2020 6:55 PM
hosehliaoo Low P/E ratio, High Dividend Yield. Basics of fundamental analysis.
20/07/2020 10:51 PM
Swee Jacqueline 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 ...
23/07/2020 8:17 AM
EatCoconutCanWin Liihen going to produce face mask ,glove and covid19 vaccine .
23/07/2020 5:42 PM
Papayashot wah EatCoconutCanWin , you got proof or not? Dun simply say le...
24/07/2020 10:31 AM
EatCoconutCanWin Come eat spade burger
25/07/2020 8:56 PM
EatCoconutCanWin Liihen going to production woodbase face mask
29/07/2020 7:52 AM
RainT FYI LIIHEN has been always on low PE since 10 years ago until now

for newbie....
01/08/2020 6:37 PM
karimboss FYI April-June Laosai Export

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

Start July only pick up slightly...After QR sure Drop again
03/08/2020 11:25 AM

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