up up up

good goood

not that news...other news

big news coming

buy as much possible

hold on tight tight

oes investors are revisiting the sector after a heavy selldown in Jan 2016 due to strengthening of the ringgit? More importantly, has value begun to emerge given the cheap valuations and improved 1QFY2016 earnings?
As furniture manufacturers ride the upward cycle, the industry is still under covered by many analysts, resulting in it being one of the cheapest export sectors. The wood furniture sector is trading at only 8 times its trailing 12 month earnings versus rubber glove makers’ 18.7 times and electrical and electronics makers’ 14.8 times.
Although wood furniture is the most value added segment of the timber industry, upstream players command richer valuations – wood related products and board markers are trading at a trailing PER of 13.8 times while timber companies are trading at a trailing PER of 10 times.
Furniture stocks like any other export stocks, could be volatile in the short term as the sector’s share price performance is highly correlated to foreign exchange rates and emerging market currencies have become more volatile. Looking beyond the short term volatility, the sector’s medium term growth should be supported by positive growth in the US furniture industry as the sector is following the broader economic recovery and the improving housing market in the US.
The aggregate sales of the four largest furniture markers in the past five years till June 2016 – Liihen, Latitude, SYF and Pohuat, which accounted for nearly 80% of the sector’s total market cap. One notable observation stands out; sales to the US have surged in the last two years (2014-2015) and the industry leaders seem to have captured most of the growing demand from the nation.
Looking ahead, the key question is: Will the industry demand continue to grow? The answer is likely YES as there is still ample room for cyclical upside in residential investment in the US. US residential investment as a percentage of GDV has been recovering since 2011 from the all time lows of the 2008 subprime crisis.
In the 1QFY2016, furniture shares were generally weighted down by concerns that a stronger ringgit could hurt the bottom line. However judging by the latest results, furniture makers are still benefiting from the forex gains. Save for TAFI and Latitude, all furniture markers reported improve earnings from a year ago. Because, although the ringgit has recovered against the USD in 1Q2016, it is still weaker compared with 1QFY2015.
Take liihen, for example. Its 1QFY2016 net margin improved by 3.1% to 12.7% from 9.6% a year ago, largely boosted by the USD strength against the RM.
However who wish to ride the US recovery housing market through export oriented furniture stocks should also take note that not all furniture companies have exposure to the US economy. Out of the 13 companies, only Liihen, Latitude Tree, Poh Huat, and SHH Res have large US exposure. Coincidentally these four companies tend to have superior financial metrics, stronger balance sheet and pay out better dividends.

Does investors are revisiting the sector after a heavy selldown in Jan 2016 due to strengthening of the ringgit? More importantly, has value begun to emerge given the cheap valuations and improved 1QFY2016 earnings?
As furniture manufacturers ride the upward cycle, the industry is still under covered by many analysts, resulting in it being one of the cheapest export sectors. The wood furniture sector is trading at only 8 times its trailing 12 month earnings versus rubber glove makers’ 18.7 times and electrical and electronics makers’ 14.8 times.
Although wood furniture is the most value added segment of the timber industry, upstream players command richer valuations – wood related products and board markers are trading at a trailing PER of 13.8 times while timber companies are trading at a trailing PER of 10 times.
Furniture stocks like any other export stocks, could be volatile in the short term as the sector’s share price performance is highly correlated to foreign exchange rates and emerging market currencies have become more volatile. Looking beyond the short term volatility, the sector’s medium term growth should be supported by positive growth in the US furniture industry as the sector is following the broader economic recovery and the improving housing market in the US.
The aggregate sales of the four largest furniture markers in the past five years till June 2016 – Liihen, Latitude, SYF and Pohuat, which accounted for nearly 80% of the sector’s total market cap. One notable observation stands out; sales to the US have surged in the last two years (2014-2015) and the industry leaders seem to have captured most of the growing demand from the nation.
Looking ahead, the key question is: Will the industry demand continue to grow? The answer is likely YES as there is still ample room for cyclical upside in residential investment in the US. US residential investment as a percentage of GDV has been recovering since 2011 from the all time lows of the 2008 subprime crisis.
In the 1QFY2016, furniture shares were generally weighted down by concerns that a stronger ringgit could hurt the bottom line. However judging by the latest results, furniture makers are still benefiting from the forex gains. Save for TAFI and Latitude, all furniture markers reported improve earnings from a year ago. Because, although the ringgit has recovered against the USD in 1Q2016, it is still weaker compared with 1QFY2015.
Take liihen, for example. Its 1QFY2016 net margin improved by 3.1% to 12.7% from 9.6% a year ago, largely boosted by the USD strength against the RM.
However who wish to ride the US recovery housing market through export oriented furniture stocks should also take note that not all furniture companies have exposure to the US economy. Out of the 13 companies, only Liihen, Latitude Tree, Poh Huat, and SHH Res have large US exposure. Coincidentally these four companies tend to have superior financial metrics, stronger balance sheet and pay out better dividends.

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

agreed with u KLCI King..and i belief the same will occur with Magni

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

3.35 closing today....good good despite the lacklustre trading

Today suddenly so little volume....something must be going on

sharp fall today....uncle KYY must be disposing?

checked..already know your whereabouts

muscle must be a drug addict....need to be chained soon

muscle will only appear when a stock is green and uptrend....will disappear like a coward dog when it goes down

@ muslce your parents no teach u attiquette n morale...no wonder your mouth n brain so filthy

Post removed.Why?

awesome stock....my cost price just rm3.75 bought since last year

today so much volume....up trending

will liihen kena UMA tomorrow?

Post removed.Why?

Post removed.Why?

Post removed.Why?

I thought paperplane was against KYY? Now u fall in love with its Liihen pula? kekekeke....

maybe rm5.70? that time will see muscle quiet terus

another filthy mouth...your mother must be sad to have given birth to an ill minded Son of a bitch.....cursing other ppl is as bad as your own bad karma...

IV RM 35.90

closing at 56.60 such a pretty number

Raya shopping spree will contribute into its earnings by end of June 2016.

tomorrow ex dividend 2.5sen, i expect another 1 sen dividend this november....holding on tight tight...

Not impossible to reach RM 4.30 by end of August 2016

at last, awakened....

of all the 3 piling companies, Econpile met my criteria selection as a consistent growth stock.

contracts worth RM 655mil for FY 2016 and RM 490mil (FY 2015).....This amount can sustain Econpile for at least 1.5 years with constant good ROE and ROI of 25%. On top of that, this company has positive FCF and no borrowings. What else do u expect? IV RM 1.82 is achievable by year end.

one of top 30 share holders is KYY.

Your parents must be ashamed to have a son of a bitch like u muscle....low class

Post removed.Why?

Post removed.Why?

@probability must have been badly burnt in FLBhd....waakaka

If u look properly at the chart and time frame when he had sold the shares in VS ( March 18 - APr 11), there is not much of changes in share pricES. 18/3 price range was RM 1.21 - 1.27; 11/4 was RM 1.24- 1.27.. The period highest and lowest was RM 1.18 - 1.28 range.
In fact, the price down trend had occurred since Dec 28 2015 peak of RM 1.68 to its lowest of RM 1.13 (March 8th). So I think there is no truth in accusing KYY of massive selling which caused the price of VS to be low.