KYY still holding 17mil shares and now he had stopped selling Liihen shares, for a while it seems. But I think this fox will start to sell once the results are out by end of May 2017.
If you read the 2016 Annual Report pg 150 under List of Material Landed Properties, the last property is a 9049 sq m. factory bldg acquired in Apr 2016. Then look at pg 7 on Operational Developments, it is stated by Mgt that factory will be operational by 2017 and capacity will be increased by 10%. Maybe KYY knows about expansion, I dunno.....but he sold before report released
Some will sell export stocks like gloves and wood because of US Dollar weakening against Ringgit.... but this is only temporary. Where are the drivers for a strengthening Ringgit ? ....unless Gov't demand exporters to return 90% of export sales (currently 75%) ..... don't see much consumption and employment stats to support a bustling Economy
KYY just furnished the report to Bursa coz he is dependent on James Ong, his spy to JAKS director, just returned from an overseas trip. This transaction must had been done 1-2 weeks ago.
Please don follow that old geezer kyy in any tradings move. There's many instant his move is bad for us small retailer. Liihen has continuously perform well throughout the year, example 2010-2014 where USD/Myr is traded at RM3.++, Liihen still grows its revenue consistently.
Glad to see someone has faith enough to buy 2 million shares from kyy. Only 2 weeks more to the next quarter report. I expect it to be good because the usd was stronger by 6% compared to same period last year. We are also not handicapped by a RM6 million forex loss like Q1 2016.
"...Fortunately, I admitted my mistake of selling early and bought back to become substantial shareholders of these 3 companies.
As you can see, Lii Hen has been producing increasing profit in the last 8 quarters and its earning per share (EPS) was 11.68 sen in 1st Q 2017 in comparison with 5.97 sen 1st Q 2016. If you have sold earlier, it is advisable to buy back now at around Rm 3.08 per share.
You must ask yourself these questions:
In the last 2 years, did you buy any of them? If you have bought, when did you sell? And did you buy back at higher prices?... "
So, If KYY has been selling at RM3.08 today, then his ethical preaching has flew out of the window...
I am still wondering who is selling at 3.08 today ?
anyone attending AGM? pls tell BOD to forget about rubber estate & planting... leave it to the planters. Liihen is good at making bed furniture, stick to your furniture business. Raw material prices go up&down, concurrently you change your furniture prices. The wood from your rubber estate is never enough for your furniture business. Tell BOD to think big on expansion (new demand & production) on what you do best...
i believe director sell out is to create small investor to sell...so they can buy via nominees....if next results inline to 150 to 160 mil rev and profit at 18 to 20 mil..the stock will have to revalue...
In fact only one big shareholder sell out while director spouse buying in recently...Waiting for good quarter result, ringgit appreciate is one of the concern.. >.<
Liihen break record profit in 2015 and again in 2016. Expected again to break profit record in 2017. With this type record every year, Liihen going to be a world class company.
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....
YH Chan
38 posts
Posted by YH Chan > 2017-04-26 20:39 | Report Abuse
AGM on 13/06/2017 ya.