Posted by Jeffbkt > 2016-07-05 15:32 | Report Abuse

A stock with cash per share of 83 cents and roic > 40% is not fair just simply use pe 10 to evaluate the TP.

Posted by bananajerk > 2016-07-05 15:40 | Report Abuse

说的都是多数人没有注意到的东西
写得比HarryT有内容多了

Posted by probability > 2016-07-05 15:55 | Report Abuse

RICHE HO....try doing your analysis for LII HEN the same way considering future prospect...excluding the forex effects and growth.

Posted by shortinvestor77 > 2016-07-05 16:18 | Report Abuse

Well done, Riche Ho. Can we request you also analyse it for other furniture stocks such as Liihen, Pohuat, Homeritz, Hevea etc for comparison? Tqvm.

Posted by Ricky Yeo > 2016-07-05 19:10 | Report Abuse

of course i do think 15 cents div is unlikely to continue, but that's not because of profit going down, even at 10 cents dividend, it will still take 6 years to deplete the current excess cash.

Posted by Invest1188 > 2016-07-05 19:12 | Report Abuse

Ricky i may go reverse direction, your previous recommendation 90 pct of them
Now in reverse direction

Posted by Ricky Yeo > 2016-07-05 19:16 | Report Abuse

ive no idea what do you mean by 90pct of them.

Posted by Invest1188 > 2016-07-05 21:48 | Report Abuse

Taan, pensonic all down..

Posted by Hiu Chee Keong > 2016-07-05 22:07 | Report Abuse

1.6 i will consider

Posted by kcchongnz > 2016-07-05 22:23 | Report Abuse

There is certainly a major flaw in using a simplistic P/E ratio in relative valuation. It doesn't differentiate a company with plenty of cash in its balance sheet, and one with heaps of debt, both having the same business and same PE valuation.

Here is why.

http://klse.i3investor.com/blogs/kcchongnz/84689.jsp

And it is glaring.

Posted by duitKWSPkita > 2016-07-05 22:48 | Report Abuse

Dalam gurau ada senda..
Dalam senyum ada tawa..
Dalam suka ada duka..
itu lah group kita
Cuma..
Jangan ikut hati luka
Jangan difikir salah sapa
Jangan di ungkit Pahala Dosa..
Anggaplah ruang bertemu kata..
Kata sekadar penghibur belaka..
Moga Silaturrahim tetap ceria
Menunggu Shawal yg bakal tiba
SELAMAT MEYAMBUT HARI RAYA YANG AKAN MENJELANG TIBA ....
MAAF ZAHIR BATIN....

Posted by TabulaRasa > 2016-07-05 23:14 | Report Abuse

Riche, you have omitted to value the net cash position of the company. Based on that and the normalised EPS, I think the company is currently undervalued.

Posted by duitKWSPkita > 2016-07-05 23:22 | Report Abuse

My bro richeho reading la.. Hehehe

Posted by probability > 2016-07-05 23:29 | Report Abuse

aduh...lihat duit berkata...
I udah nak bertapa.

may the TAO be with you:

https://www.youtube.com/watch?v=MQ1Bc1yrgq0

Posted by Ricky Yeo > 2016-07-06 07:47 | Report Abuse

Not quite sure when did I suggest Pensonic or Taan.

Posted by Invest1188 > 2016-07-06 07:49 | Report Abuse

I mean richie ho recommendation

Posted by kk > 2016-07-06 10:54 | Report Abuse

bananajerk。。。你不要拿楼主来和harry比。
那条水写的都是没有内容的～看看就好

Posted by sg999 > 2016-07-06 13:11 | Report Abuse

那个买入的是HT?

Posted by Henry Tan > 2016-07-06 14:44 | Report Abuse

那么多年能够坚持努力，无私分享股票帖子的，应该给予正面的肯定。至少大家都做不到不是吗？

Posted by younginvestor92 > 2016-07-06 14:58 | Report Abuse

This is wrong wrong because flbhd is a small company it's impossible to have such P/E ratio!

Posted by kwang2209 > 2016-07-06 16:23 | Report Abuse

既然大家都往低算，如果跌到RM0.90我全身家All In

Posted by chl1989 > 2016-07-06 19:00 | Report Abuse

how about its cash? its debt? its earning yield? its roic? and its free cash flow most importantly. Analysis purely based on PE? I've been following your article and i am sure you can do better than that. This article is too superficial. Try to perform a calculation with dcf. You will find the value there.

Posted by Up_down > 2016-07-06 21:08 | Report Abuse

Capital expenditure is a peanut when you compare its Net cash inflow generated from operating activities. Fyi, the company has generated cash inflow of RM 33.5 million. Please supply more information for comparison purpose la...if not where you want direct the reader after reading?

Please look at the company net cash flow generation from operating activities:

Year 2015 - RM 33.5 million ( Capex RM 4.8 million )
Year 2014 - RM 14.7 million ( Capex RM 2.7 million )
Year 2013 - RM 13.2 million ( Capex RM 2.0 million )
Year 2012 - RM 28.4 million ( Capex RM 1.4 million )
Year 2011 - RM 7.9 million ( Capex RM 1.7 million )


" 值得一提的是，FLB在2015年投入的CAPEX高达RM4.5m，和2013年的RM2.0m和2014年的RM2.7m相比，高出了不少。管理层曾表示FLB将投入资金以购买先进的机械设备，不知这CAPEX是不是投入了这一项。"

Posted by casperl > 2016-07-06 21:35 | Report Abuse

substantial s'holder is dumping due to MYR appreciate affect the FX gain outlook… may need wait MYR stable…
could we say that management good control on money? every single they place and wish to have ripple effect…

Posted by Up_down > 2016-07-06 22:36 | Report Abuse

Director was dumping the shares? This director has disposed 156,000 shares or 2% of his entire stakes recently. He hold 7% shares of FLBhd only.

Posted by duitKWSPkita > 2016-07-06 23:51 | Report Abuse

Just for reading

富家木业守或走，
早买的人不会愁，
赚到的人抱搂搂，
木筏执照是头筹。

Posted by casperl > 2016-07-07 08:43 | Report Abuse

Particulars of substantial Securities Holder

Name MR KOON YEW YIN

Type of transaction Description of Others Date of change
No of securities
Price Transacted (RM)
Disposed 29 Jun 2016
355,600
1.900
Disposed 30 Jun 2016
813,700
1.840
Acquired 01 Jul 2016
732,600
1.800
Acquired 04 Jul 2016
828,800
1.760

Posted by Ultramen > 2016-07-21 23:05 | Report Abuse

非常棒的分享