Patrick If share split or bonus also same la Does not mean lower price can collect more as the price lower ,the number of shares higher and the eps get lower
Results exceeded my expectations! Was targeting EPS of 10 sen. Liihen has proven its strong performance for a good few years, its earning visibillity. Its time for the market to appreciate its strong fundamentals and hopefully we will see an expansion of its PE multiple. With such strong growth and healthy balance sheet, strong cashflows etc etc...Liihen should command at least a 10x PE which should yield at least RM4. Thats a very minimum target by the way.
Nice la. Can easily hit RM4 at least. if they can pay 26 cents dividend every year, DY still at 6.5% at price of RM4, damn nice
Take note of what the management says "With better controllable cost structure and wider sales market base, the Group is committed to deliver a favourable result for the forthcoming year of 2017"
The average USD conversion rate for the quarter stood at 4.32. With ringgit average average at 4,45 since January till today, confirm their earnings 2017 also gonna be good.
RainT, I know whole capital amount still the same, but impact is different. Let's say 1,000 shares move up 1 cent is 10 cent only, but if share split to 2,000 shares, move up 1 cent is 20 cent d. Of coz all depends on Liihen growth and profitability. But Liihen has proved that they can provide long term sustainability profit. :)
Read carefully in the quarter result, the profits increased due to forex favorable for US sales, and Msia sale, Msia is under recession. So you can see the future. More to drop...
omgimnoob, if you agree M'sia is under recession, then you probably need to take this opportunity to buy more for Liihen counter, FYI, M'sia market contribute only 13% in Liihen's revenue, Majority is in US contribution. IMHO, this counter is best among furniture stock, you got to do your own homework to justified so.
@omgimnoob, Msia is under recession ah? where you get your information from ah? with recorded growth in export at 7% and GDP at 4.5% you say thats recession? Please google whats recession means. FYI, the latest quarter mentioned expand volume sales of 10% which the only festive season in the quarter is Christmas. Next quarter we have CNY n. Also note that US market is important to Liihen, with growth & strengthening in US housing market and inflation, moving forward Liihen earnings will be very solid coupled with growth in Asian Region.
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....
Mgician
716 posts
Posted by Mgician > 2017-02-22 19:19 | Report Abuse
Tmr sure jump more 0.20cents ++ ... hehe