Funny to hear that Liihen does have any growth news or plan
1) AR FY2016 Page 7 under Operational Developments, FY2016 one of subsidiaries, FDSB has acquired a leasehold factory building for RM5.6 million. In addition, FDSB also expected to incur RM4.2 million on factory buildings & on the existing vacant freehold land. These projects are expected to complete in FY2017 and capacity will expect to increase by 10%.
2) On 29 May 2017 Bursa Announcement, FDSB submitted the proposed acquisition of DPSB with purchase acquisition of RM19,738,000. The most valuable asset of DPSB is industrial complex with net revaluation surplus of RM16.89 million. Once acquisition is completed, FDSB can save the rental payment to DPSB and owns the property for internal use.
3) Plantation of rubber wood business (established less than 2 years old, considered as immature assets). The management expects 20 years to complete the harvest of the rubber wood trees planted [AR Page 107&108 under intangible assets]
not offence, Hopefully KYY will use the Liihen money to take over Xingquan,since share price is cheap now and he is substantial shareholder too, people who bought the counter will appreciated much if he do so, i still believe Xinquan business run by experienced local business man could be successful and surely more investor will invest in with confident due to transparency.
This remind me after Vincent Tan sold the Magni share, then Magni began to release its value, hopefully Liihen will be the same after KYY sold all his Liihen share.
kyy needs to support his jaks and sendai. fundamentally liihen valuation is still cheap and doing well, not to mention its high dividend yield. seems like the older he gets, the more speculative he becomes. hopefully he doesn't lose his retirement fund, especially when he's playing with margins
Ty-Koon is not concerned on safety in stock investments, he has funds to last him a few lifetimes....he just wants to show you older people are smarter when it comes to making quick gains in the market.
Just hoping that there is no black swans in Sendai & Jaks to spoil his partying...
With lots of funds, he can push up or down for quick gains, see what Ty-Koon can do wonders to XingQuan... 'tis better the BOD of Liihen listen more to him
haha...the reason i hold so long because is their dividend yield.. is ok, it just 15% of my portfolio...somemore my cost is super low..if you check 4 years ago price.. :-)
my cost is around 0.80..you calculate the DY yourself..haha... but normally i didn't calculate like that, i always calculate based on the market price instead of my cost price..if dividend yield of current market price still attractive, i wont sell even though the company profit growth is slower... i would treat liihen as a defensive stock currently, the stock that give you high dividend won't let you die 1...
if 1 day liihen growth become negative and surely dividend will be reduce...if that time i have better investment, i might sell it off too..but so far, my plan is hold for this stock..
my investment strategy are: 1. High dividend yield (高股息) 2. Defensive (安全性) 3. Growth (成长) for liihen, it still hit 1) and 2), that why still worth to hold.... liihen is defensive stock in my portfolio....
More fund managers are holding this stock, that will provide price stability.Supply will reduce after tycoon clear his shares. Be patient, price will start moving up in few months time.
I think what he says is plausible. Though koon is sellling massively the price has not fallen like a stone. There were also large million share off market transactions.
Mr KYY attend Agm today. He and another shareholder keep shooting the board about the share prices. Mr KYY also advise the board to diversity the biz eg. Power station in Vietnam as an example.
One new I think is positive is that the Board revealed that Liihen currently is being researched by Leong Hong Bank for small scale scheme, hopefully it can help to enhance publicity information and attract more institutional fund investors to boost the share price.
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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....
Patrick13
1,971 posts
Posted by Patrick13 > 2017-06-05 09:06 | Report Abuse
Funny to hear that Liihen does have any growth news or plan
1) AR FY2016 Page 7 under Operational Developments, FY2016 one of subsidiaries, FDSB has acquired a leasehold factory building for RM5.6 million. In addition, FDSB also expected to incur RM4.2 million on factory buildings & on the existing vacant freehold land. These projects are expected to complete in FY2017 and capacity will expect to increase by 10%.
2) On 29 May 2017 Bursa Announcement, FDSB submitted the proposed acquisition of DPSB with purchase acquisition of RM19,738,000. The most valuable asset of DPSB is industrial complex with net revaluation surplus of RM16.89 million. Once acquisition is completed, FDSB can save the rental payment to DPSB and owns the property for internal use.
3) Plantation of rubber wood business (established less than 2 years old, considered as immature assets). The management expects 20 years to complete the harvest of the rubber wood trees planted [AR Page 107&108 under intangible assets]