Up, I happy but won't sell. Down I don't mind as I can collect more. All financial figures & results pointed to one direction, so nothing to worry about.
Can't control other investors' behaviour as some may think there are better options after taken their profits here. Wish them good luck.
Those still hold Lii Hen, also good luck to you, and me \(^-^)/
Excluding forex effects, compared AA, liihen business is better...wood and timber is getting dirt cheap as it is Fuel to AA.
AA is prone to competition, risk of fuel price hike, huge debt...this one got moat-special value addition - unique furniture design & key customers, where competitors cant easily penetrate.
It is getting harder to find a stock to distribute dividend every quarter. That's one of the reasons I choose Lii Hen & Poh Huat and did not go for Latitude.
One thing I have been curious is I thought RM will be stronger as Oil is going up. Even it is getting USD50 also not much help. What if Oil price go back to below USD40?
Agreed, probability, FLB, Hevea, SHH & Latitude are behind now.
The next is Poh Huat. Margin wise, impossible to beat Lii Hen, but once the orders & revenue in RM can match with Lii Hen, then I will win both, as I started equal % in Lii Hen & Poh Huat.
Notice that Lii Hen revenue has finally on par with Latitude. In other word, Lii Hen already over taken Latitude as the largest furniture exporter company in Malaysia.
Instead of focusing on currency rate which i always consider it as a bonus for its profit, it's wiser to always keep an eye on US housing market condition.
"An increase in the number of homes changing hands is critical for economic growth because with each sale to a new buyer, large purchases necessarily follow: refrigerators, furniture, all sorts of other household goods and services.
It’s not only pending home sales that are looking a lot better. New home sales also jumped in April by their biggest amount in nearly a quarter century to an 8-year high."
With the just ended quarterly results, i can see a few things :
- most export oriented stocks took a bad beating due to strengthening of MYR Jan - March 2016. - stocks that depend too much on forex performed badly and incur unrealized losses without having an increase in revenue - stocks that performed well are those whom has growth with higher revenue generated in the period. - higher revenue generated not necessarily will translate to higher profits. - stocks which perform fairly well are those which had been long established in the market; thus generating more sales.
USD 4.12 now....export stocks back into play. Also US markets growing with higher houses hold sales, I expect Liihen to continue to produce spectacular results in AUgust.
One of the main winners among exporters in my opinion (Thong Guan & Hevea are the other two). Lii Hen should come back with a vengeance with USD bull coming back.
Agreed, now not only USD improved, but the business prospect itself has been growing stronger & stronger.
------------------------------------------ optimus9199 USD 4.12 now....export stocks back into play. Also US markets growing with higher houses hold sales, I expect Liihen to continue to produce spectacular results in AUgust.
All eyes will be on its AGM on June 1st. 30/05/2016 14:32
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....
boldrun88
528 posts
Posted by boldrun88 > 2016-05-27 11:58 | Report Abuse
Great decision ...great earnings