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KLSE: LIIHEN       LII HEN INDUSTRIES BHD
Last Price Avg Target Price   Upside/Downside Price Call
2.65 3.49     +0.84 (31.70%)
* 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
18/03/2019 2.72 3.32 +0.60 (22.06%) BUY HLG Price Target News
22/02/2019 2.90 3.66 +0.76 (26.21%) BUY HLG Price Target News
23/11/2018 3.15 3.66 +0.51 (16.19%) BUY HLG Price Target News


Price Target Research Article/News (past 6 months)
18/03/2019  HLG Lii Hen Industries - Challenging Year But Most Stable Amongst All
22/02/2019  HLG Lii Hen Industries - Strong Ending
23/11/2018  HLG Lii Hen Industries - In line



  27 people like this.
 
BursaTornado What make you think so?
Custom department partially shutdown.
800K federal workers jobless, contractors no get pay.

@Iamyou US government shutdown has nothing to do with Liihen business.
21/02/2019 6:27 PM
RainT ya ...2 cent dividend

seem that LIIHEN dividend is on downtrend ...become lesser and lesser
21/02/2019 6:51 PM
Iamyou BursaTornado, US government also shutdown in Oct 2013. Liihen continued to report increasing revenue during that time.
21/02/2019 6:51 PM
martinchua88332 most of US government workers live paycheck-to-paycheck.shutdown won't be long.
21/02/2019 6:55 PM
Patrick13 Very satisfactory QR, but surprisingly just giving 2 cents dividends only?
Hopefully they will declare another higher final dividends any soon.
21/02/2019 7:04 PM
BursaTornado Anyway, I think can buy more if price correction tomorrow.
21/02/2019 7:07 PM
RainT ya if correction can buy

if not wait for correction
21/02/2019 7:12 PM
chiahs hope the coming special dividend is xcited
21/02/2019 7:32 PM
PotentialGhost Walao why only pay 2sen divinded ?decline so much !! Fark ar management
21/02/2019 9:46 PM
martinchua88332 liihen spent 20 mil to upgrade ppe ( property ,plant and equipment) during the quarter. they will distribute good dividend for the next quarter.
21/02/2019 10:19 PM
Patrick13 20 mil capex is for the whole year, not during this quarter.

martinchua88332 liihen spent 20 mil to upgrade ppe ( property ,plant and equipment) during the quarter. they will distribute good dividend for the next quarter.
21/02/2019 22:19
21/02/2019 11:08 PM
cherry88 It is trade-off between "growth" and "income". Without increase or modernize the machineries, the capacity and sales may not go further, and will sooner be lack behind the competitor.
The Board is testing us whether we are long term or short term investors. ha ha
22/02/2019 8:36 AM
Jeff Lee i read liihen is using this 20 million capex to upgrade machine to automation. So they can less dependent on foreign workers which has been the reason for past 2 quarters drop in profit.
Next time with automation in, they can improve their profit margin and also grow their profits.
22/02/2019 9:23 AM
RainT let see how

after few quarter profit will get better or not , given they use cash to expand the machine

and after finish the machine upgrade, the dividend will increase back or not
22/02/2019 9:55 AM
RainT if the profit does not improve or dividend still maintain at reduce trend / low dividend , so its time to sell

if the profit improve & dividend back to as high as before then its very good

so need time and wait .....opportunity costs
22/02/2019 9:58 AM
Jeff Lee i think any manufacturing line need to go automation at least partially on those work can be done by automation system. Malaysia is going to do keep increase minimum wages for workers to RM 1500.
22/02/2019 10:25 AM
albert787378 hong leong investment bank on LIIHEN's outlook

Moving forward, we opine that Lii Hen will benefit from (1) lower engineered wood selling prices (lower cost of production), and (2) stronger demand from US (result of US-China trade war).
22/02/2019 6:22 PM
chiahs Result consider good, dividend oriented 'investor' seem quite significant impact the price, else the it mightl break 3++ easily with this good result.
22/02/2019 7:08 PM
LOLANTO sell in view of ringgit getting stronger and stronger
23/02/2019 5:42 PM
rikki https://klse.i3investor.com/m/blog/bursakakis/194740.jsp
24/02/2019 7:55 AM
tm9999 How about hevea?
24/02/2019 7:57 AM
cyeec2000 Hevea is benefit for levy reduction
24/02/2019 10:36 AM
cherry88 albert, what is the target price set from Hong Leong ?
25/02/2019 11:42 AM
RainT really RM5.04

From where we can read the report ?

please share
26/02/2019 12:38 PM
BursaTornado Itu HL say TP 5.04 so that they can sell to you. Kikiki.
26/02/2019 3:25 PM
michaelwong There's infact no amount of accuracy to suggest TP of any stock prices . Different research investment houses set different TP prices and some with vested interests set higher TP to dupe and offload their shares to the ignorance and dumbed while this conman are laughing to the bank .
Do your own research and set your own TP stock price . I treat this investment houses is a bullshits house just bcos many investors still applying their formula got short-changed and stuck up with their stocks . A buy called must be treated as a sell called instead .
27/02/2019 1:48 AM
cherry88 Why you guys dance together with andr ?? haha...he is merely joking. The previous HL target was RM3.30
27/02/2019 8:18 AM
tancl85 Total EPS for the FY18 is RM 0.321, let say the P/E ratio is 10x. The fair value of share price is RM3.20. Make sense?
27/02/2019 2:03 PM
michaelwong Fuck HL con house. Set TP RM5.04 so high and thought that the market will fulfilled this white collar dream ah ? Now investors are smarter and every 2 cents upwards quote you can see plenty of sellers to secure profits . Maybe 5.04 got to wait until the beard touch the floor.
27/02/2019 8:07 PM
RainT Ya need wait until beard touch the floor for LIIHEN share price to move up
01/03/2019 4:09 PM
Patrick13 Lii Hen’s FY18 core earnings of RM58.4m (-24.7%YoY) came in within our expectation, accounting for 101.1% of our full-year forecast. The group posted higher sales volume in 4Q18 (+6.4%QoQ; +19%YoY) but was weighed down by stronger ringgit. Moving forward, under the lower cost environment, we opine that margins will improve. A DPS of 2sen was declared. We maintain our earnings forecasts and a BUY rating with an unchanged TP of RM3.66 as we pegged to an unchanged PE multiple to 11x of FY19 EPS.

In line. Lii Hen’s FY18 core earnings of RM58.4m (-24.7%YoY) came in within our expectation, accounting for 101.1% of our full-year forecast.

Dividend. Declared 4th interim DPS of 2.0 sen (ex-date: 11 Mac 2019) bringing YTD dividend to 11.5sen, translating to a dividend yield of 4.1%.

QoQ. Revenue increased 6.4% from USD47m to USD50m, however thanks to the stronger USD against MYR (4Q18: RM4.17/USD vs 3Q18: RM4.08/USD), sales in terms of ringgit improved by 8% to RM216.8m. Core earnings ballooned by 39.7% to RM22.1m on higher sales volume and lower effective tax rate.

YoY. Revenue grew strongly by 19% to USD50m in 4Q18 (from USD42m in 4Q17), however this only translated to a 17.3% in terms of ringgit revenue, as there was a slight decrease in local sales by 2.3%. Core earnings increased by 43.3% due to higher sales volume and lower operating cost.

YTD: In FY18 the group achieved a 21% sales growth in to USD192m, however sales in ringgit terms was only at 11.7% due to the stronger RM against USD (FY18: RM4.03/USD vs FY17: RM4.29/USD). However, core net profit declined by 24.7% to RM58.4m, mainly attributed to higher operating cost, chiefly from the implemented foreign labour levy (effective Jan-18).

Outlook. Moving forward, we opine that Lii Hen will benefit from (1) lower engineered wood selling prices (lower cost of production), and (2) stronger demand from US (result of US-China trade war). We also think that the group will be less affected by the labour levy in FY19 as they had the year to adapt to and adjust their ASP.

Forecast. Unchanged. We maintain BUY, with unchanged TP of RM3.66 pegged to PE multiple of 11x of FY19 EPS. We continue to like Lii Hen for its strong balance sheet (net cash per share 35.8 sen as at 4Q18), generous dividend payout (yield of 6.4%) and ongoing efforts to adopt effective cost management.

Source: Hong Leong Investment Bank Research - 22 Feb 2019
04/03/2019 2:06 PM
stock_investor Liihen is falling sharp after reaching top. Support 2.6 next support 2.4 third support 2.2. Happy trading.
06/03/2019 6:24 PM
andr Engulfing candle.
08/03/2019 8:31 AM
martinchua88332 Malaysian furniture industry benefiting from US-China trade war

On the four-day MIFF 2019 that ended today, Goi said there was positive response from both buyers and exhibitors throughout the event.

She said based on pre-registration figures, the number of buyers from the United States, Canada, the United Kingdom, and even Mexico actually increased by 50 percent compared with last year.

She said there was a rise in the number of new buyers during the latest fair, particularly from Romania, Japan and China.

https://www.theedgemarkets.com/article/malaysian-furniture-industry-benefiting-uschina-trade-war
12/03/2019 10:03 AM
Sardin Is this Goi working in Liihen ?
19/03/2019 4:51 PM
Sardin Patrick, how much is the EPS you estimate for next quarter?
19/03/2019 4:53 PM
Patrick13 2 sen dividend received and thanks for another 3 sen dividend declared today!
28/03/2019 8:20 PM
Aries Liihen never fails to distribute dividend 5x every year.
28/03/2019 9:06 PM
Sardin Today drops a lot
29/03/2019 4:21 PM
stock_investor liihen is gd company. i closely monitor it for past 2 yrs. hopefully this year gt some chances
31/03/2019 9:50 PM
Shinnzaii wew...not bad company...ding dong many days already...what is the bottom?hehe
01/04/2019 5:22 PM
michaelwong One day show as always the case......
02/04/2019 7:55 PM
OrionIXL Look at chart. X golden.. Shoot in this few days
04/04/2019 2:16 PM
RainT anybody know how from where can check the rubber wood price trend ?
05/04/2019 9:43 PM
RainT as the rubber wood price is going down so this will improve LIIHEN profit margin
05/04/2019 9:44 PM
OrionIXL Today if vol come, price should spike up to 2.8 above
08/04/2019 8:47 AM
OrionIXL Ringgit touch 4.1 soon. Benefit to liihen
08/04/2019 10:44 AM
OrionIXL Most underated company in klse...by looking cash, roe, eps.. Should b rm10 share ma
08/04/2019 10:58 AM
OrionIXL Usd climbing up
08/04/2019 2:05 PM
RainT RM10 can at year 2051
17/04/2019 12:38 PM


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