Highlights
KLSE: LIIHEN (7089)       LII HEN INDUSTRIES BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
3.40   +0.01 (0.29%)  3.35 - 3.42  318,900
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General Meeting

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Ann. Date Date Time Type Venue View
04-May-2021 16-Jun-2021 11:00 General Broadcast Venue: No. 12, 1st Floor, Jalan Mega, Pusat Perdagangan Mega Jalan Sakeh, 84000 Muar Johor Meeting Detail
07-Aug-2020 10-Sep-2020 11:00 General Classic 1, Ballroom, Classic Hotel No.69, Jalan Ali 84000 Muar Johor Meeting Detail
26-Apr-2019 12-Jun-2019 11:30 AGM Classic 1, Ballroom, Classic Hotel, No. 9, Jalan Ali, 84000 Muar, Johor Meeting Detail
10-May-2018 13-Jun-2018 11:30 AGM Dewan Nusantara, 3rd Floor, Muar Traders Hotel No. 16, Jalan Petrie, 84000 Muar, Johor Meeting Detail
19-Sep-2017 01-Nov-2017 11:00 EGM Classic 1, Ballroom, Classic Hotel, 69, Jalan Ali, 84000 Muar, Johor Meeting Detail
26-Apr-2017 13-Jun-2017 11:30 AGM Classic 1, Ballroom, Classic Hotel 69, Jalan Ali, 84000 Muar, Johor Meeting Detail
27-Apr-2016 01-Jun-2016 11:30 AGM Classic 1, Ballroom, Classic Hotel 69, Jalan Ali, 84000 Muar, Johor Meeting Detail
19-Aug-2015 30-Sep-2015 11:30 EGM Classic 1, Ballroom, Classic Hotel, 69, Jalan Ali, 84000 Muar, Johor Darul Takzim Meeting Detail
27-May-2015 24-Jun-2015 11:30 AGM Classic 1, Ballrom, Classic Hotel, 69, Jalan Ali, 84000 Muar, Johor Meeting Detail
23-May-2014 17-Jun-2014 11:30 AGM Classic 1, Ballroom, Classic Hotel, 69, Jalan Ali, 84000 Muar, Johor Darul Takzim Meeting Detail
31-May-2013 25-Jun-2013 11:30 AGM Classic 1, Ballroom, Classic Hotel, 69, Jalan Ali, 84000 Muar, Johor Darul Takzim Meeting Detail
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  29 people like this.
 
apple168 TP 1.5!
25/01/2021 12:07 PM
jack daniel hahahahha.... so funny you are apple............. gud luck for your TP.
26/01/2021 9:38 AM
Mazhar3192 Hahhaha..close green
26/01/2021 11:13 AM
atmw81 Wow..
26/01/2021 1:43 PM
apple168 Covid 19 outbreak in one of the furniture making companies, located in Muar, Johor!
26/01/2021 4:49 PM
Mazhar3192 Pohuat and liihen same meh
26/01/2021 5:00 PM
apple168 OPERASI BERSEPADU (Pematuhan SOP PKP 2.0)

Suatu Operasi Bersepadu berkaitan Pemeriksaan Pematuhan SOP PKP 2.0 telah dijalankan pada 25 dan 26 Januari 2021 di sekitar kawasan Perindustrian Bukit Bakri, Muar.

Operasi tertumpu kepada Pematuhan SOP, Penyelenggaraan Kebersihan Asrama dan Kilang serta langkah-langkah kebersihan sekitarnya yang masih berkuatkuasa sepanjang tempoh PKP 2.0.

2 Jabatan terlibat dengan kekuatan anggota seramai 14 org telah menyertai operasi tersebut terdiri daripada anggota Majlis Perbandaran Muar dan Polis Daerah Muar.

Senarai Premis Yang Diperiksa :-

1. Max Furniture Sdn Bhd
2. Fortune Furniture Enterprise
3.Jc Shutter & Metalworks
4. Digital Furniture Sdn Bhd
5. Concentrate Mould Ind Sdn Bhd
6. LTS Machinery & Hardware
7. Syarikat Zulkifli Bamadhaj Sdn Bhd
8. LB Furniture Sdn Bhd
9. Treat Upholstery Industries Sdn Bhd
10.SK Mall Sdn Bhd
11. Chen Feng Ent Sdn Bhd
12. Sand Tech Industries Sdn Bhd
13. Sern Kou Furniture Ind Sdn Bhd
14. Perusahaan Keng Sin

Jenis Kesalahan Dikompaun :-

a) Gagal Patuh SOP - 6 Kompaun
Di Bawah Sek.72(1)(e)
Akta Kerajaan Tempatan 1976

b) Tidak Menjaga Kebersihan
(Kilang dan Asrama Dalam Keadaan Kotor)
Di Bawah Sek.40(74)
Akta Kerajaan Tempatan 1976

Asrama Kotor- 6 Kompaun
Kilang Kotor - 5 Kompaun

c) Halangan Di Tempat Awam - 2 Kompaun
Di Bawah Sek.46 (3)
Akta Jalan Parit dan Bangunan 1974

Jumlah Notis Berhenti Perniagaan - 4 Notis

Jumlah Kilang Di Tutup - 4 Buah Kilang

Jumlah Lesen Kilang Dirampas - 7 Lesen

DI INGATKAN KEMBALI, JANGAN JADI PUNCA!
TERUS PATUHI SOP DAN ARAHAN PIHAK BERKUASA DARI SEMASA KE SEMASA.

KEPADA ALLAH BERSERAH
27/01/2021 2:01 PM
zen_2k people knew about outbreak in furniture companies since weeks back dy lo xD
27/01/2021 8:59 PM
wehcant KEPADA ALLAH BERSERAH? Patutlah mangkuk Malaysia.
27/01/2021 9:01 PM
Bamboo Green O.... why drop
09/02/2021 7:03 PM
Mazhar3192 Nanti naik lorh
15/02/2021 7:24 PM
cherry88 LiiHen will announce its final year end results soon. Will expect special (or extra) dividend
18/02/2021 9:32 AM
frankco LiiHen can't pass on the rising to the customer in this quarter - as stated in the quarterly performance review..
18/02/2021 10:42 PM
sokowanda telan, telan!
19/02/2021 10:42 AM
Flying Fox Disappointed result, revenue up but cost went up even faster

Shipping costs increased 3 times compared to last year, shipping fee is still at peak, short term no chance to go down. So cost will continue to be higher & lower margin will be for the next Q
19/02/2021 1:41 PM
makelittlemoney Post removed. Why?
20/02/2021 6:12 PM
frankco please drop more ..
22/02/2021 2:57 PM
Cipta maketlittlemoney Good points. Yoy, although cost of sales increase 31.66%, but revenue increase 24.53% + inventory increase 67.71%. This correspond to container shortage. If you add in the inventory as goods waiting to ship, then the profit margin is increased instead. Also, with total liability not increase, Fix deposit of the co increases 21%. Given operation ease for several weeks due to MCO, Lii Hen still manage to increase sale as well as giving dividend in every quarter fin 2020. This say how good is the co doing in 2020.
22/02/2021 7:10 PM
XxxxXzz Rebounce soon, enter now
23/02/2021 9:31 AM
bullrun1985 anyone can tell me why Liihen drop like water fall this few days
23/02/2021 9:41 AM
XxxxXzz Nope, inventory yet sold won't taken up into account cost of good sold.
I believe the main reason of cost of good sold increased mainly due to higher shipping fee and new crew expense (quarantine, swab test fee and bla bla)
As you can see revenue increased from 8xxm to 9xxm, the extra revenue could done by new foreign crew.
23/02/2021 10:33 AM
Cipta Given operation cost increased RM3mil while inventory increases RM59mil, I believe the cost of inventory is in the cost of sales.
23/02/2021 11:01 AM
XxxxXzz Cost of inventory= storage? If own warehouse won't incurred any cost actually.
They didn't tell us from qr, how they accumalted the cost. If cost of inventory already include overhead and direct labour, then it won't affect the cost of goods sold.

What I see is the new foreign recruitment extra expense during covid and they do swab test during 23th Dec. So all that cost reflect in Dec qr. But all of this is one off expense instead of routine expense then cogs still able get lower in future
23/02/2021 11:48 AM
Cipta Let's say Lii Hen has 10,000 workers and all sent for Covid-19 at RM300/test, the cost only increase RM3mil. whilst Cost of sales increase RM57Mil yoy.

Cost of sales = overhead + material cost. Well, the Qr didn't separate out the admin/marketing cost so i presume they lump sum it including cost to produce inventory.
Warehouse is under fix asset unless they rent it.
23/02/2021 12:14 PM
makelittlemoney cost of sales does not include in inventory.
23/02/2021 1:33 PM
XxxxXzz We talking about gross margin mah, gross profit margin decreased due to cogs increased, unsold inventory won't affect the cogs. So what increased the cogs is more important for future propesct. If its one off expense instead of routine then OK.
23/02/2021 1:36 PM
Cipta Well, what i want to mention is whether Lii Hen include inventory production cost into Cost of sales.
yoy, inventory increase RM59mil , cost of sales increase RM57mil.
23/02/2021 1:52 PM
XxxxXzz Cost of sales increased 57m because of revenue increased from 8xxm to 9xxm lar. Aduhai u susah nak faham lol.
U thought this 100m extra revenue doesn't include cogs??

Inventory is inventory, cogs is cogs. Totally different thing.

Teach u simple account concept
When they create a furniture then cost put into inventory account, when the goods sold, then transfer from inventory account to cost of sales account. This how accounting work

So all the unsold inventory won't affect cost of sales at all. Understand mah? Unless you say the inventory cost doesn't include direct labour or overhead, then yes it's affecting cogs. But normally all company apportion those direct labour overhead into inventory instead direct to cogs
23/02/2021 2:24 PM
XxxxXzz But anyway this still good stock lar, past 10 years keep profit and revenue keep breaking high. In long term confirm earn de just need patient
23/02/2021 2:37 PM
Cipta XxxxXzz Thanks for your accounting class. Appreciated. Please tell me from account method, if subsidiary A sold subsidiary B goods, will the same item appear as revenue and inventory at the group account?
23/02/2021 2:42 PM
XxxxXzz Internal sales will not treat as revenue in group accounting. Inventory only capture at original cost incurred.
23/02/2021 3:30 PM
sumochichi https://klse.i3investor.com/blogs/investorstalk/2021-02-24-story-h1541255356-3_Phases_of_Investment_Pandemic_Recovery_Post_Recovery.jsp
24/02/2021 3:19 PM
EatCoconutCanWin Heng ong huat arh!!...buy adding
24/02/2021 4:46 PM
mijibaik buy buy buy . TA on the bottom the only way is UP
25/02/2021 2:41 PM
XxxxXzz Monday collect dividend hehe
05/03/2021 5:39 PM
jeannie what happened..like dead fish
08/03/2021 4:54 PM
XxxxXzz Dead fish better than drop haha. Can collect dividend not bad dy
08/03/2021 7:35 PM
akira USD is slowly going up again, I guess that's good for Liihen
22/03/2021 5:24 PM
makelittlemoney got dividend?
26/03/2021 1:14 PM
cherry88 Was told furniture business is very good. Orders all q up to dec loh. Given the current strengthening of USD, we will see another record level for Liihen.
05/04/2021 9:42 AM
Chili_Padi XxxxXzz u must be an accountant with real-life experience. I am not. so am not here to teach you or anyone any lesson (who am I...). Based on limited knowledge, it is not uncommon that overhead is an area that accounting can be manipulated to adjust gross margin. Also, to be concise, it is manufacturing direct overhead. Not broad category of overhead.

Best Rgds,
The humble Nobody
17/04/2021 9:41 PM
Chili_Padi cherry88, My 2 cents: The sales volume definitely in increasing trend (global and local). The only concern I pondered upon is logistic cost - which LH made bulk of it's sale from US. Global supply chain has been facing container shortage issue since Q4 last year, it is not easing but made worst by reopening and short term ripple effect of Suez Canal. Q1 profit might be squeezed. In longer term, likely to see rebound when capital flows back to lower risk counter.
Welcome any view.
17/04/2021 9:44 PM
Chili_Padi https://furnitureandfurnishing.com/container-shortage-in-asia-pushes-up-shipping-costs/
17/04/2021 10:00 PM
cherry88 @Chili_Padi, Container issue is no longer an secret and have not been really resolved significantly. Recalled back that LiiHen operations were closed down in Jan and with CNY holiday in Feb, I don't think LiiHen can be performed much financially in its first q results. Although we know shipping cost will not hurt the company bottom-line directly as all of its shipping term are in FOB, but it will affect their factory efficiency I guess. Hope this temporarily weakening could pose a good accumulate in lower price range. But this trend is not for short teem trading strategy. Short term trading (< 6 month) should stay aside and look for better trading opportunities elsewhere
19/04/2021 4:49 PM
jeannie keep dropping, anybody can share what happened to this co?
20/04/2021 1:17 PM
observatory May be it is related to Bursa filings last week that show founders disposing their shares.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3147907

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3147909
20/04/2021 5:39 PM
jeannie Thanks for the update.
20/04/2021 11:35 PM
akira Rugi besarrrr
04/05/2021 4:30 PM
RainT come back this forum

see all the new entrants to LIIHEN

You alls dont know LIIHEN history n pattern
05/05/2021 6:58 PM
akira Boss RainT, care to share how is the pattern?
06/05/2021 12:12 PM


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