Coming qtr result should not be very impressive, that why near toward that, the price still not moving......Not like Harta, few days ahead price already move b4 result release
I hope you get wrong this round, Leecuteguy :) Business segment still remain intact, The only challenge and could probably impacted by man power concern, hopefully it offset by strong USD. as man power concern been resolved temporarily, factory expansion and strong US market, i'm betting on 20% revenue increase :)
If you read page 7 of Annual Report 2016 under Operational Developments, the Group already acquired factory building for RM5.6 million in FY2016. In addition, they also invested RM2.2 million for the factory buildings and RM2.0 million for the existing freehold land. Once these projects are completed in FY2017, the capacity will be increased by 10%. Long term wise, it could support the top line revenue and able to capture bigger market share among the competitors. Regarding the foreign worker issue, this is not the first time the Group encountered, they still have about half year time (before FY2018) to solve this problem and I believe they can.
In Feb2017, Malaysia's exports grew 27% yoy to 71.7 B and Mar2017's exports was a new milestone for Malaysia as it grew 24%yoy to 82.6 B. It was the first time Malaysia exports ever exceed 80 B. This is the fourth consecutive month since Dec2016 that Malaysia's has a double digit growth in exports... Anyone knows the % increase in furniture exports in Feb & Mar ?
On 2 Jun, 2016 Liihen shr price was RM3.20 and after 1 whole year still at this price or less, what gives? Furniture business is good, USD more than 4.10, no factories on fire, etc. I guess maybe Directors are not performing or some just busy collecting rentals from their factory bldgs. The company must grow every qtr and so is the shr price. If directors do not perform as expected, investors will eventually move away, then this whole listed business is not sustainable. Why list then if Directors reluctant to move from just giving dividends? You got to feed your investors with news, warrants or bonus issues frequently.... else it will become another one boring wood company
only today you've stopped pondering and start to move... it's about time In risks, there is excitement.... so, BOD create some excitement, else I'll move on
Dear Max2838, not really agree with your comment. I rather the management focus on their business rather than spend much time on corporate exercise or share price. Different stock counter has different characteristic, just like people.
Dear Patrick13, I hope you're part of Liihen. The option you have to decide is whether you want Liihen to be a family bizness or a corporate bizness. As you have listed, you need to move away from the family bizness & the small goodies that you enjoy. As corporate directors, you need to create more deals, mergers, negotiations, etc. not just buying estate land n planting rubber like farmers do. Set up an office in KL & Singapore & Dubai to look for customers all over.... employ more MBA professionals. Current employees only got MBWA (Mgt By Walking Around)... not good enough. We got a lot of tropical and rubber wood here in this country Malaysia. Don't waste your time planting trees.... you can't do what real farmers do or don't know how
Dear Max2838, I agree with corporate directors should focus on M&A activities, business expansion/diversitifcation etc. I just want to highlight that the BOD cant do anything for the movement of share prices and shouldn't their main focus. Regarding their plantation biz, we can raise this question during the AGM.
Liihen is a rubber wood furniture maker so it needs constant supply of rubber wood . Nowadays the supply of rubber wood is getting less and less as most of the plantation land turned in to properties development . Investment in rubber wood plantation is to secure future supply of rubber wood lah....
Good awakening ...hope uncle KYY wont spoil the party today...he is still in UK for his grand daughter graduation ceremony...thats why the selling of Liihen and buying of JAKS stopped a while.
KUALA LUMPUR (May 18): RHB Retail Research said Lii Hen Industries Bhd may move higher after posting a long white candle and leaving an upside gap.
In a trading stocks note today, the research house said this close has sent the stock to its highest close in nearly two months, thereby enhancing the positive sentiment.
“A bullish bias may emerge above the RM3.19 level, with an exit set below the RM3.05 threshold.
“Towards the upside, the immediate resistance level is anticipated at RM3.43. This is followed by the RM3.52 level,” it said.
Bing hopes may come true. EverSendai has retraced 19% in past 4 days... maybe KYY selling Sendai n buying back wood export industries. He said " I also sell too early to take profit" on the 'mistake of selling when the price is rising' in Aug 15, 2016. Of course, in his own words, he realised 'The danger of buying construction contracting company shares' esp if most of contracts are in India & M-east...
Keep your Liihen & Hevea shrs... it got real dividends n growing, not like 'Bandar Malaysia' stocks
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....
Syimgoku
150 posts
Posted by Syimgoku > 2017-05-11 19:25 | Report Abuse
I think if we buy at this price the div shud be around 7-8 %