Highlights
KLSE: LATITUD (7006)       LATITUDE TREE HOLDINGS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
3.84   -0.12 (3.03%)  3.83 - 3.95  289,000
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Overview

Market Cap: 373 Million
NOSH: 97 Million
Avg Volume (4 weeks):423,226
4 Weeks Range:2.72 - 4.17
4 Weeks Price Volatility (%):
77.24%
52 Weeks Range:1.70 - 4.17
52 Weeks Price Volatility (%):
86.64%
Average Price Target: 5.15
Price Target Upside/Downside: +1.31
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2020 [#4]  |  25-Aug-2020
Next QR | Est. Ann. Date: 30-Sep-2020  |  25-Nov-2020
T4Q P/E | EY: 22.34  |  4.48%
T4Q DY | Payout %: 1.54%  |  34.40%
T4Q NAPS | P/NAPS: 5.9904  |  0.64
T4Q NP Margin | ROE: 2.44%  |  2.87%

Headlines

Date Subject
10-Nov-2020 热门股:纬树 上挑RM4.69
05-Nov-2020 Mplus Market Pulse - Finding stability
09-Sep-2020 Mplus Market Pulse - 9 Sep 2020
09-Sep-2020 Daily technical highlights – (HEVEA, LATITUD)
08-Sep-2020 上升股:纬树 阻力RM3.36
25-Aug-2020 马股系列 – 家私股四大天王 LIIHEN, POHUAT, LATITUD & HOMERIZ
02-Jul-2020 Daily technical highlights – (HEVEA, LATITUD)

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.
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  9 people like this.
 
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
yfchong Good bye
06/08/2019 12:48 PM
shpg22 Boss want change car to rolls Royce.
04/09/2019 12:46 PM
EatCoconutCanWin result so good, why drop?
04/09/2019 1:10 PM
Haw Liao sell on news
04/09/2019 1:12 PM
RainT Loss making

still say so good result
06/09/2019 4:02 PM
value88 Bought some today bcos it is selling cheap.
The last quarter's loss was actually not that much if the tax rate was not so high.
The 1H of the year is always seasonally weak quarter for Latitude. The coming 2H will perform better. In addition, USD has strengthened in 3QCY19, forex gain will boost the earnings.

At current price level, Latitude is selling at merely 0.49x P/BV for a net cash and low L/E company.
13/09/2019 5:13 PM
positiontrader In spite of Company aggresive share buy back, Latitude Tree is still plunging like mad.
Chart wise, it is very BEARISH.
Any reasons for this plunge?
It appear the really bad news haven't surface yet.
16/09/2019 3:19 PM
remus Most furniture companies, Liihen, Homeritz, Poh Huat last few quarters revenue & profit all on up trend, benefit from trade war and strong USD.
how come Latitude perform so badly ? Isn't it in same industry and shld benefit the same ... ?
20/09/2019 3:44 PM
yfchong Waiting for right moment
05/10/2019 7:26 PM
shareinvestor88 SELL.TP 1
06/10/2019 1:11 PM
lching stingy com will not be supported by investors.
14/10/2019 11:25 AM
shpg22 Downgrade LATITUD to 1.85. Big dive in revenue a sign of worst yet to come. Shift to other furniture stock like LIIHEN or POHUAT
25/11/2019 7:43 PM
LiimInvest Poh huat is coming
25/11/2019 11:25 PM
Chiayee lihen,pohuat have better EPS N PE..good managements really count..
27/12/2019 10:13 PM
Bursababy Year 2020.....
Latitude is waking up now....
LiiHen and PohHuat are stepping aside now.....
21/01/2020 6:19 PM
yfchong Bye bye liao
02/02/2020 12:03 PM
cherry88 Latitude used to be the largest furniture stock in Bursa, but now...The falling of the founder really hit this company.
26/02/2020 8:52 AM
kok1984 May i know what does "falling of the founder" referring to ?
05/07/2020 1:42 AM
jibbie I think wegmans got more upside
08/10/2020 9:35 AM
Cakes Moon Wah happen? Looks like beginning of an uptrend!
08/10/2020 10:46 AM
zen_2k pe 19...?
04/11/2020 6:00 PM
Bursababy The Giant is waking up to do exercise now......
more to come.....
05/11/2020 6:28 PM
mrmeow MIECO
06/11/2020 4:06 PM
cccthierry use common sense think also know furniture won't have big benefit from WFH, electrical product like fan & aircon & lights may have big benefit since use more broken more buy more to change
08/11/2020 12:19 AM
yfchong Is it real or fake.?
09/11/2020 10:06 PM
Bursababy The Giant had woke up and is coming.
many already knew many good news and stuffs are coming.
many rewards for faithful shareholders are coming.
19/11/2020 9:41 AM
Bursababy LiiHen is getting ready and preparing to step aside for the Giant as they knew they hv no match
19/11/2020 9:44 AM


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