Management = same team of people Profit before tax = better than 4Q2015 when RM was at lowest point Profit after tax = slightly lower than 4Q2015 Dividend = improving Q after Q Targeted market = US is the only obvious & bright spot in the world economy
My own decision: continue to hold.
The good thing to hold is I can continue collect something back
EPS is the most powerful catalyst to move share price.
Golden Rule: Do not buy if you are not sure it can make more profit in the current year than last year because when the annual result shows a reduced profit, the price will surely drop. http://klse.i3investor.com/blogs/koonyewyinblog/102046.jsp
more money into the sytem (lower interest rate) for the same value addition (GDP)....is like bonus issue of shares...may be the the price go up initially (short term RM may strengthen)...but EPS will comedown eventually (long term RM will weaken against Dollar).....
instead look into the crude oil price...where the money source to the country was...it will have cascading effects to other industries...resulting in a further decline in GDP...
Eager to see what's Malaysia Q3 & Q4 GDP growth rate. Q1 at 4.2%, while Q2 at 4% (interest rate cuts), if the next few quarters GDP growth is declining below 4%, next rate cut may be announce to stimulate growth.
wah..people dont want dividend kah? Liihen dragged by other export stocks due to herd mentality i guess...
but..we never know.. Koon might have decided to dispose most of his export stocks...like latitude...Flb...and etc...for some personal $$ requirement or Margin requirements...
Its an irony seeing this when USD had actually strengthened against RM..
US going to raise rate soon because their economy is so strong. House sales up, unemployment is low, salary getting up. It means US ppl is going to buy more and more. Steady !
After the recent experience & performance of other furniture export companies, investors are more cautious now. They may want to see how's the coming quarter's sales & profit.
I trust Lii Hen can deliver, so I choose to hold, see how it goes.
lol...good, as my average cost is below RM3 thus will average down once it hit below my entry price, bear in mind, you all are not buying penny stocks thus just average down whenever the price is cheap...this counter is meant for mid to long term and not suitable for contra player
below rm3 is too ridiculous for liihen, I remembered last year, it dropped to 2.3 then jumped to rm3 sth...I won't miss the boat again, people want to throw, let them throw
And some big hands are accumulating. In terms of earnings, Liihen stands the best amongst all timber/furniture exporters. I hope the sellers sell more and faster.
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....
Abismail
651 posts
Posted by Abismail > 2016-08-23 22:07 | Report Abuse
Hope next QR very good