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Overview
Financial Highlight
Headlines
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.
  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 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  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  mamatede siot,better sell if you hold this. Management cant control profitability and swing very volatile. Boo 21/05/2018 23:06 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 kakashi Cos they expect tariff hike on Chinese goods will translate into higher buying of Malaysia furniture BUT is this equation really that simple? Public investment already say these furniture will go up up up Maybe next week it will really up when ppl chase 20/07/2018 21:29 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 17:32 Jon Choivo Lol hahahaha. One off loss due to fire, PPE etc written off and forex loss. Oh well. 28/08/2018 17:33 jibbie the worst is over for lattitude says director. http://www.theedgemarkets.com/article/worst-over-latitude-tree-says-director 28/08/2018 18:16 apolloang worst is over from profit turn to loss? tipu punya director,tomoro very red....hehe 28/08/2018 18:53  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 00:18 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 09:14 cherry88 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5796985 29/08/2018 10:41 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 17:54  |
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