Posted by Frank Soweto > 2014-12-23 03:51 | Report Abuse

haiya Blame Blame Blame - always blaming somebody sigh bolihland mentality I think ;( - always blaming n always other people's fault :( - how about if u did indeed followed - blame u're self can ar LOL - he got point a gun to your head to ask to buy meh?,did he not mentioned many times the risk involved too besides the rewards? did he not mentioned many times diversification? did he not mentioned many times his investment is long term only if u have the $$$ that u do not need to use in the near future n also never to use margin? if you read his portfolio it still outperformed the Klse despite the sell off recently - by a wider margin too
I'm pretty surprise u're so 'good' that you 'bought' only his temporary 'losers' despite his many winners - Tat take some kind of 'talent' too LOL
For once be appreciative la when the very few good people like Kc sharing here for free. Those analysis he did - takes a lot of time,effort n also one must be passionate in this field. Not like few of the half past 6 analysis posted by some jokers here in i3. I think if u're smart n have the $$$ u would have taken the golden opportunity to buy some good beaten fundamentally sound stocks during the recent downturn :) Can it go lower - of course :) but can seriously anyone know the bottom? As far as I know not even the pros can predict it right all the time :) but of course i3 got many GODS LOL. Anyway, I want to take the opportunity here to wish Kc,invest88 n all others Merry Xmas n a Happy Prosperous New Year :)

Posted by sense maker > 2014-12-23 09:59 | Report Abuse

Liihen's expected EPS is about 45sen for whole year of 2014, given the better biz volume, strong USD and after including the bonus provision for staff in Q4 2014. This translate into 6.2 PE multiple.

But one of the pluses of holding Liihen is also that it gives 5 times of dividend a year and gave all its last quarter profit as dividend last year. There is a chance that it may give in the coming quarter dividend higher than last year's 6.5sen (final plus special dividends), given the much improved profits in 2014. That means dividend yield would be at least 6% if the estimate materializes.

Also, the revaluation of its property will also be reflected in Q4 2014, and this is expected to result in a NTA of close to Rm3 a share.

Based on latest annual report, a fund and Mr Ng Ah Chai (A major shareholder in Incken, SYF, etc) have bought in and that explained the steady increase in the share price of Liihen over the last 12 months.

These are the specifics of Liihen. Not sure of specifics of other furniture companies.

Posted by yfchong > 2014-12-23 17:08 | Report Abuse

Merry Christmas. I would like to suggest writer that i am currently following :-
1. kcchongnz (supported with facts..)
2. lcchong (Microsoft spreadsheet.)

thks

Posted by kcchongnz > 2014-12-27 18:19 | Report Abuse

Posted by mahorse > Dec 21, 2014 04:49 PM | Report Abuse
I think should not ignore TAFI as CEO said rm 14 million will be spent to expand production capacity. Seems big orders in hand.

This is one of the very few relevant comments here. I wish you can elaborate how this capex enhance the value of Tafi. There really isn't much done by Tafi during this bull cycle of furniture stocks. Nay Pro-Forma financial forecasts?

Posted by kcchongnz > 2014-12-27 18:31 | Report Abuse

Of course this is the most useful comment here. I think one should take a lot at this as it offer good opportunity to make long term extra-ordinary return.


Posted by sense maker > Dec 23, 2014 09:59 AM | Report Abuse

Liihen's expected EPS is about 45sen for whole year of 2014, given the better biz volume, strong USD and after including the bonus provision for staff in Q4 2014. This translate into 6.2 PE multiple.

But one of the pluses of holding Liihen is also that it gives 5 times of dividend a year and gave all its last quarter profit as dividend last year. There is a chance that it may give in the coming quarter dividend higher than last year's 6.5sen (final plus special dividends), given the much improved profits in 2014. That means dividend yield would be at least 6% if the estimate materializes.

Also, the revaluation of its property will also be reflected in Q4 2014, and this is expected to result in a NTA of close to Rm3 a share.

Based on latest annual report, a fund and Mr Ng Ah Chai (A major shareholder in Incken, SYF, etc) have bought in and that explained the steady increase in the share price of Liihen over the last 12 months.

These are the specifics of Liihen. Not sure of specifics of other furniture companies.