Mr. KC Loh, I have to agree with you. It is probably because of the nature of the company's principal activities. I think less people are interested in furniture manufacturing companies.
I agree. The nature of its principal work is not attractive. But an investor should look for fundamentals of the company. Look at Berkshire's purchases in most cases. Can bet you you don't recognise more than half of them before Buffett became a household name after 1980s. All were giving Berkshire cash!
And I think alvinloke is correct. I should be selling this since return is there since I bought 0.99.just hanging around now to see if can touch my benchmark of 20% return. Was trying to wait at 0.96 to entry, but didn't happen. Now waiting for 1.19 to sell :)
i also plan wan buy at 1.04-1.05...since the directors keep buy bck share at 1.02...but now ad 1.14...since like too high for me to entry..btw..no one will noe wat happen in future...ha
if the company having a consistent job/ having profits, you may keep it rather den then sell. If not after you sold it, it sky rocket then u was like "da fug"
guess we have to be content with our chosen numbers/targets lor, Melvin! if at the end, you gained, i think it still should be a cause of celebration.... with the losing ratio of 84% at our speculative stock market
sure, you are in the early phase of a bull cycle. i think there is some safety even if you make wrong decision at the moment, but make it a habit to learn to calculate. suggest you learn the dividend growth model/Gordon growth model for newcomers. More safety for you!
how long, nobody can tell. only when the market realise its value will it climb. the other question is, how much irrational exuberance is in the market
My Q1 2013 estimated EPS is 6 to 7 sen, given the minimum wage implementation. Dividend should be 2 to 3 sen.
For Q2 2013, the weak USD will affect its results.
Q4 2012 was good but the management took a big chunk of the profit as year-end bonus and incentive for themselves and other staff. This took the shine off an otherwise excellent 2012 results.
Throughout 2013, they should be able to raise prices of their products to somewhat counter the minimum wage and weak USD impact.
All-in, 25 sen EPS is what I hope can be achieved for the whole 2013.
I think now is not the best time to enter because the price has gone up. If enter around RM1.20 should be better as the earning of the company can up and down very much. I believe the company has 30% dividend policy. If the company only earn 20 sen per year means the dividend around 6.5sen, the dividend yield will go down. But if the company earning can earning, then this is a stock that we cannot let go.
Due to good results in Q1 2013, I upgraded 2013 EPS to 30 sen from 25 sen. 30sen EPS should be sustainable in the foreseeable future desptie some volatility in earnings throughout the year. A fair PE should be at least 7 times which points to a fair value of RM2.10 a share.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
KC Loh
13,701 posts
Posted by KC Loh > 2012-08-05 13:30 | Report Abuse
Anybody bought into liihen when it was recommended here? http://klse.i3investor.com/servlets/forum/600011222.jsp?ftp=3
went up from 0.99 to 1.14 now, and with announcement still coming in on 17/8/12.
Stable company with multiple dividends yearly.
if you have, good for you. Dunno why good counters like this, nobody interested!