more likely the selling will stop; coz the vol is too small to make an impact ; if they want to buy cheap , they can start throwing cheap again to encourage more sellers who r all willing to cut loss?
It is affected by the strengthening of Rg$. Profit might drop 20% this year compared to last year if exchange drop to $3.80 within the near term. Even taken that into accounts the value of the share still should be around $7.87 assuming a PE of 12.
KYY laughing big time to the bank. go go buy up all his balance portion (probably he has unloaded in the range of RM7-8) when posting articles non-stop of his "noble intentions"
At some point, a strong Ringgit is not necessarily bad for Latitude. Investors can take advantage to park their assets in ringgit assets if its currency continues to strengthen.
I am disappointed that Latitud didn't try to takeover Evergreen by offering a share swap given that both share prices has dropped substantially. It would definitely get rid of a competitor and enhance its operation.
Looks like insider slowly collecting this stock. Surviving T3 n T4. Wash out contra players. If it breaks 5.89 strong resistant, it ll fly to next tp 6.35
when i bought latitud since august 2013 the company just transforming from net debt 2 net cash company. within 2 and half years latitud manage 2 accumulate more than 110million net cash or net cash 120sen per share. maybe somebody will blame the com by giving peanut dividend but if you look at the company merger and acquacition activities within these 2 years(two major), u will know the com is a growth stock why bother dividend. i just concern eps from 25sen 2 93sen, roe from below 10% 2 around 20%(the company can use their cash reserve expand their business without borrowing from bank). let us see 2 years later how far latitud can go, this is the only malaysia furniture stock running thier business in malaysia, vietnam and thailand.
good eps @92c and pe 6 , but the stock price is only half from its actual value, v undervalued coz not paying any div . if given time , i think it can reflect its actual value when confidence returns...
Tuesday, 23 Feb 2016 profit increased 23.8%! 6:52PM LATITUD TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) 5:23PM LATITUD 1H net profit 54.839 million (increased 23.80%)
The housing market has remained one of the brightest spots in the U.S. economy, which may help explain why consumers continue to invest in their homes.
"Transactions for both new and existing homes are up on last year and activity remains fairly strong. This helpful tailwind is boosting demand for home improvement," said Håkon Helgesen, retail analyst at research firm Conlumino in a report.
Although Home Depot doesn't normally raise its full-year outlook this early on the year, the company feels confident that the business will remain strong for the rest of 2016.
QR out. Profit dropped 57%. EPS down to 8.54. Although i have shifted to Liihen but Latitude Tree is in my watch list all the time because i earned money and dividend from Latitude 5 months ago. Tomorrow Latitude might gap down.
90% of this company market is in US. even malaysia gone bankrupt, this company still can make money as long as US economic is good, and we know US market are recovering well.
Profit good without forex losses. If USD continues to strengthen the forex losses will reversed and profit margin increase for 2nd quarter 2016
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Posted by leslieroycarter > 2016-03-24 09:53 | Report Abuse
more likely the selling will stop; coz the vol is too small to make an impact ; if they want to buy cheap , they can start throwing cheap again to encourage more sellers who r all willing to cut loss?