Highlights
KLSE: LATITUD (7006)       LATITUDE TREE HOLDINGS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
3.82   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 371 Million
NOSH: 97 Million
Avg Volume (4 weeks):5,388
4 Weeks Range:3.60 - 3.92
4 Weeks Price Volatility (%):
97.45%
52 Weeks Range:3.00 - 4.16
52 Weeks Price Volatility (%):
91.83%
Average Price Target: 5.15
Price Target Upside/Downside: +1.33
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2019 [#3]  |  28-May-2019
Next QR | Est. Ann. Date: 30-Jun-2019  |  28-Aug-2019
T4Q P/E | EY: 25.47  |  3.93%
T4Q DY | Payout %: 2.35%  |  59.95%
T4Q NAPS | P/NAPS: 5.8838  |  0.65
T4Q NP Margin | ROE: 1.96%  |  2.55%

Headlines

Date Subject
23-Feb-2019 Dayang Will Fly on Monday - Koon Yew Yin , Calvin Tan Comments (Please post comments here & contribute your ideas)
18-Sep-2018 PublicInvest Research Headlines - 18 Sept 2018
18-Sep-2018 Mplus Market Pulse - 18 Sept 2018
28-Aug-2018 [转贴] 官有缘黄金法则的绩效 ~~ 案例分析Latitude - GreedOne

Business Background

Latitude Tree Holdings Bhd is a Malaysian based company operates as an integrated household furniture manufacturer. The business activity of the group is organised into business units based on their products and services and has three reportable operating segments which are Manufacturing, Rental of Property, Plant and Equipment and Investment Holding. The company derives the majority of revenue from manufacturing activities which is operated from it's over four factories in Malaysia, approximately two factories in Vietnam and over one factory in Thailand and it is engaged in the manufacturing and sale of wooden furniture and components particularly rubber-wood furniture. It offers products related to bedroom collection sets, dinning collection sets, and living room collection sets.
Analyze this stock with MQ Trader system

  9 people like this.
 
Jkm32 This counter is finally moving. Thank you Trump!
22/07/2018 7:13 AM
deepsea bad 4th Qtr results.
28/08/2018 5:15 PM
xiaojie88 first time turn red after so many years... GG
28/08/2018 5:17 PM
apolloang apa ini loss also price can so high,tipu ar?
28/08/2018 5:20 PM
lazycat wa... holland liao
28/08/2018 5:22 PM
Patrick13 If excluding PPE & stock written off amounting to 14,464, PBT shld be 5,744 instead of loss of 8,720. The only thing is they cant estimate insurance claim as at today otherwise they shld include the compensation into other income as well.
28/08/2018 5:32 PM
Choivo Capital Lol hahahaha.

One off loss due to fire, PPE etc written off and forex loss. Oh well.
28/08/2018 5:33 PM
Data5000 Also many people like , HaHa
28/08/2018 5:33 PM
Choivo Capital if it drops too much, ill probably buy a little more.
28/08/2018 5:34 PM
Outliar Oh boy
28/08/2018 5:51 PM
Ku2016 Holland Lio.....30% drop tomorrow
28/08/2018 6:02 PM
jibbie wow.. very poor result. what happened
28/08/2018 6:03 PM
jibbie the worst is over for lattitude says director.

http://www.theedgemarkets.com/article/worst-over-latitude-tree-says-director
28/08/2018 6:16 PM
shareinvestor88 Sell AND run
28/08/2018 6:49 PM
apolloang worst is over from profit turn to loss? tipu punya director,tomoro very red....hehe
28/08/2018 6:53 PM
lkoky walao!!! no eye c
28/08/2018 7:08 PM
Data5000 I think limited down
28/08/2018 9:06 PM
WarrenBuffalo Not necessary, this company big loss due to Fire Incident this quarter. Causing Inventory and plant write off rm13.9 Million, which is one off expenses and might able to get claim from insurance in coming quarters.
29/08/2018 12:18 AM
kakashit When got fire? not announced one?
29/08/2018 8:16 AM
deepsea Warren B,
you are good reader, able to analyse properly...…..unlike others who failed to read properly...…hmmm due to poor understanding of English???

Waiting to collect from today onward, hopefully there are many stupid sellers who failed read properly.......
29/08/2018 9:14 AM
Data5000 Semua orang bodoh baru u pandai
29/08/2018 10:05 AM
cherry88 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5796985
29/08/2018 10:41 AM
deepsea real stupid to think limit down
29/08/2018 12:25 PM
jibbie drop not too bad
29/08/2018 1:21 PM
deepsea too many buyers were buying/collecting ...........the company manages to buy back few lots only.
Ha ha ha ..........anyway, few kiasi/stupig fools sold at below 3.20........thank you for selling below 3.20....he hee hee
29/08/2018 5:54 PM
Icon8888 Buying new land in Vietnam to expand factory
14/09/2018 8:59 PM
Jasper Coo Lets make it happen, keep on buying ! Slowly but surely yeah
18/09/2018 11:54 AM
yfchong Ada 6 cts
10/10/2018 9:14 PM
yfchong In bed room panel..
03/11/2018 2:34 PM
qmtronic Good for punters
16/11/2018 12:02 PM
yfchong Samarang units..... who r they.... keep on buying mesti ada kang tau
18/11/2018 11:16 AM
deepsea Good results compared to previous qtr (Q4/2018) Revenue increased by 23% and GP increased by 54% to RM24.6mil.
28/11/2018 11:07 AM
yfchong OK boh.... Can meet pe 15...?
13/01/2019 5:20 PM
neverlose how will latitud do in 2019?
18/01/2019 5:43 PM
yfchong Per 10 x eps
20/01/2019 6:46 AM
yfchong New world....
27/01/2019 12:31 PM
yfchong Need samarang
17/02/2019 9:28 AM
member41 Result not bad and quarterly dividend 3sen :)
27/02/2019 5:56 PM
yfchong Tears also drop
27/02/2019 6:42 PM
Ku2016 PE...still very very high
27/02/2019 9:21 PM
yfchong If can maintain eps 50 cts for F19... Good lah
28/02/2019 8:03 AM
commonsense At first glance, investor would think that Latitud Tree has a very rich valuation at almost 20x trailing PE. However, if you look closely at their financials, the PE actually went up substantially due the the very weak quarter of 3Q18 and 4Q18 (FY end in June), where the company only managed to record a profit of RM2.4mil and a loss of RM13.4mil respectively.

FY19 seems to be a lot better given that market demand from US for furniture has increase substantially due to the US govt decision to imposed a 10% tariff on all furniture coming from China in the middle of 2018. Management has actually indicated that they were forced to reject some of the orders from their US customers due to the fact that they are already running at almost full capacity. At the moment, they only accept orders that commands higher profit margins which actually bodes really well for investors.

Given that more than 90% of their sales are for the US market, the strengthening of the USD vs RM would only help increase the margins even further.

Investors should expect a sharp rebound of the company's profit in 3Q19 (expected to be out this month) due to higher demands for higher profit margins products and also a more favorable forex exchange rate during the period (average 3Q19 for USD is 4.09 vs 3Q18 of only 3.92).

Total profit should reach at least RM50mil in FY19. At the current share price the company is being valued at only 7.5x PE. PB is also low at only 0.7x.

The company has a very strong balance sheet with a net cash position of RM123mil as of Dec 2018.

Best Regards.
02/05/2019 5:02 PM
commonsense This company is actually a beneficiary from the escalation of the trade war between US and China. (Actually most furniture companies are beneficiaries. But in particular those with high US concentration sales like Lii Hen and Latitude)

65% of US import of furniture comes from china (amounting to around USD 30bil ) Since mid of last year most US furniture companies has started to diversify their value chain for furniture outside of China of which Vietnam is the main beneficiaries of this. The difference between Latitude and other Malaysia listed companies is that Latitude main plant is actually located in Vietnam. Since end of last year, the company had received substantial increased of orders from their US customers (US market consist of 95% of the group revenue and profit). This has forced the company to only accept high margins order.

refer to article: https://www.thestar.com.my/business/business-news/2019/04/11/trump-trade-war-turns-vietnamese-furniture-maker-into-a-winner/

Now since the tariff imposed by US to Chinese furnitures increased from 10% to 25%, investors should expect that there will be more orders from the US customers.

Anyway, investors should expect Latitude to deliver a substantial jump in profit for the next 2 quarterly result at least.

Regards.
13/05/2019 11:53 AM
RainT LATITUDE kiamsiap in dividend

go invest in LIIHEN better , high and consistent dividend payment
18/05/2019 12:12 PM
yfchong Ai ya...
25/05/2019 6:40 PM
RainT LIIHEN profit can up

this LATITUD profit drop 189%

omg
28/05/2019 5:15 PM
28/05/2019 5:47 PM
yfchong Die liau
28/05/2019 6:52 PM
pang72 King of furniture.....

Liihen!!
28/05/2019 10:24 PM
swordwa2 Administrative expenses increased by 2.7m(49%),from 5.6m to 8.4m. This amount is even greater than total loss in current quarter(2m) but there is no explanation provided in qtr report regarding the hike
31/05/2019 12:19 AM


 

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