Wooden furniture export (Jan - April) rose 12.9% when compared to corresponding period for last year. He predicts that this year total export sales will exceed RM1bil.

The growth of sales (first quarter) with respect to countries such as Philippines(55%), China(54.5%), Thailand(38.8%), and India(42.7%) and traditional markets such as US, Europe and Japan at range 20% - 30%.

Thanks for sharing. Look like demand is strong. Other than traditional markets, we have strong new demand from China.

@saltedfish because you are here. We believe in you. :-)

@Daviddl true bro. Hahahaha

dude. 1.33 d

Let put it in another word, if Liihen can produce an EPS even greater than its previous quarter (even though i highly doubt it can do that). Hahaha :-)

If it really produce EPS worse than last year, just cut loss.

@shareinvestment 100% it will be.

Whenever bnm cut rate, i do think they will cut more than once. Looking forward for a few more cuts in Q4 2016 and early 2017.

@tradminator if you buy LiiHen purely due to the strength of USD, you should play forex.

@tradminator you are right but I do believe they will diversify their investment. Prior to interest rate hike in December 2015, a lot of foreign fund already invested in USD.

@tradminator When BNM cut interest rate, ringgit will weaken. However, due to Brexit, large amount of foreign fund is looking place to invest. This suggested why ringgit still strengthen when bnm cut interest rate. A lot of people underlook Malaysia economy due to its political instability.

I guess people are selling to trade property stocks. :-)

No

Lol, even if you are employed you still facing the risk of getting fired. Lol, this is life, bro.

33.8% of total revenue FY15.

Second biggest is China which is about 20.5%

Source from its Annual Report, Notes to Financial Statements 38, page 91.

Well, I think they do consider SGD as safety haven.

http://www.fxnewscall.com/singapore-dollar-rise-from-brexit-worries-central-bank-mas-monetary-easing-expected/1943202/

How good if Pohuat does the same as LiiHen by categorizing its revenues based on countries. Then we will know how much revenues are derived from United States.

QR still worse than last year, missed expectation, selling is normal for such result.

Don't worry, it won't drop so much.

Please, be sensible. Invest through facts not hope.

Majority of the shares are owned by Assets Muar Sdn Bhd which Chua Lee Seng is one of its directors.

Hi @CUTLOSS
I have the same question as well. Why did directors keep disposing? Not just LiiHen, but AIRASIA, PADINI, OLDTOWN AND UCHITEC. I couldn't think of any answers. I am appreciate if anyone can help me.

http://klse.i3investor.com/servlets/stk/annchdr/7100.jsp
http://klse.i3investor.com/servlets/stk/annchdr/5099.jsp
http://klse.i3investor.com/servlets/stk/annchdr/7052.jsp
http://klse.i3investor.com/servlets/stk/annchdr/5201.jsp

Hi @CUTLOSS
I have the same question as well. Why did directors keep disposing? Not just LiiHen, but AIRASIA, PADINI, OLDTOWN AND UCHITEC. I couldn't think of any answers. I am appreciate if anyone can help me.

http://klse.i3investor.com/servlets/stk/annchdr/7100.jsp
http://klse.i3investor.com/servlets/stk/annchdr/5099.jsp
http://klse.i3investor.com/servlets/stk/annchdr/7052.jsp
http://klse.i3investor.com/servlets/stk/annchdr/5201.jsp

WASHINGTON—Sales of new homes slipped in May, but the pace was still the SECOND BESTfor a month since the recession ended, behind April’s jump.

Quite good right? Lol

http://www.wsj.com/articles/pace-of-u-s-new-home-sales-slows-in-may-1466690670

Most money actually flows to Japan. Yen rises the most compared with other currencies.

Ya, you are right but not all the money went to usd completely. Check gold, rmb, inr and sgd.

Who dare to buy and hold long for the stock with PE 51. During that time, it's not even obvious that LiiHen earning will be growing substantially.

Why not?

How about Singapore, China, India and Vietnam?

http://klse.i3investor.com/blogs/kianweiaritcles/98453.jsp

Basically a summary of cold eye's books.

http://www.bloomberg.com/news/articles/2016-06-14/retail-sales-rise-more-than-forecast-as-u-s-consumers-spend

Another good news from US.

讲是这样讲～有没有做谁知道

For my opinion, I think its book value is low is mainly because LiiHen hires alot of subcontractors. I think their factories or assets are not belong to LiiHen. That's why LiiHen's asset value is abit low.

"Besides their own factories, they have about 30 small subcontractors nearby. Most of them are making furniture parts which will be assembled, polished and painted by their own factories. Using subcontractors is the most efficient way to save cost and time. Lii Hen does not need to provide and maintain factory space. The subcontractors just extended their garages and work from there."

Quoted from Koon Yew Yin's blog.

As expected, when oil prices increases, US oil rig count also increases. It's hard to make a bull case for oil. More mining workers back to work > US labor market strengthening > US consumer spending remain robust > US retail sales increases > Interest rate hike > Stronger USD.

Long bull case for USD.

http://www.cnbc.com/2016/06/09/oil-stable-on-firm-demand-supply-disruptions-strong-dollar-weighs.html

Just stay away from China counters.

Consider dividend given is 0.04 cent. Let say you have 10lots, you will get RM40.
Consider year close price is RM3.39. % yield = 40/3390 = 1.18%.
Theoretically, it should just decrease by 1.18%. Today, close price should be around 3.33 ~ 3.35.

Well, technically saying. HAHA

I don't even spend my time reading what Danny Tan has written.

Basically, share price is normally lower on the ex-date.

Ya, so they sell today?

Today is LiiHen dividend payment ex-date.

Ya. Looking at April homes sales, i expect LiiHen will get more orders.

Even when oil prices is increasing, it might be positive for labor market as well as mining sector will start increasing activity, hence hiring more workers. So i think the upside limitation for oil price is huge. Which mean it will limit the upside for ringgit as well.


Just for your convenient.

http://www.wsj.com/articles/u-s-new-home-sales-at-fastest-pace-in-eight-years-during-april-1464098576

http://www.investing.com/news/economic-indicators/drop-in-u.s.-jobless-claims-points-to-labor-market-strength-407456

US labor market is still strong. Bad report last week's Friday might due to the strike of Verizon's workers and now it is resolved. After Brexit, US Fed is all set to raise the interest rate soon.

http://patch.com/new-jersey/hoboken/verizon-strike-update-unions-pan-companys-final-offer-0

if directors didnt sell, the price will go up even higher...

directors have been selling since last year.

I think many just sold partially because this is really a very good fundamental stock.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5117961

He has bought around 200k lots. He even bought at 3.15. You guess will he sells below that price?

Sorry, 18k lots. My fault.

You can take some profits and hold some. Free warrants are anticipated as suggested by Mr.KYY. Future prospect is still good as US economy is still strong looking at robust consumer spending in April.

From the way KYY described LiiHen management and marketing strategy, it is really efficient and cost saving. The way they distribute their products to the US importers and how they subcontract their jobs.

http://klse.i3investor.com/blogs/moneymoney/97911.jsp
http://koonyewyin.com/2016/06/05/why-lii-hen-share-price-can-go-higher/

The fall in unemployment rate is not due to more people have the jobs but it is due to more people have given up looking for jobs.

"Why did unemployment rate drop: Not for good reasons. More Americans stopped looking for work and fell out of the workforce. That means they aren't counted in the labor force and that brings down the jobless rate. In recent months, more Americans had been coming back into the job market. Now the trend appears to be hitting a plateau."

http://money.cnn.com/2016/06/03/news/economy/us-economy-may-jobs-report/

Directors has been selling since last year.