Posted by Victor Tan > 2017-08-04 17:02 | Report Abuse

TP RM 7

Posted by anicca > 2017-08-04 20:37 | Report Abuse

doji formed...hopefully monday open gap up a bit, then sure time to fly

Posted by meistsk3134 > 2017-08-04 22:01 | Report Abuse

with malaysia high tax, dun think liihen can go better fast. eother after election or budget 2018 announcement. see future

Posted by Alex Foo > 2017-08-05 11:03 | Report Abuse

aiyo, one year from now we will laugh at our comments at 3.3x =)

Posted by Alex Foo > 2017-08-05 11:03 | Report Abuse

low pe, good roe, good div, =)

Posted by Larrytrader > 2017-08-05 11:04 | Report Abuse

go up to 4,00

Posted by Winklse188 > 2017-08-05 20:51 | Report Abuse

The company is too busy, orders too
Many

Posted by Larrytrader > 2017-08-05 21:55 | Report Abuse

so that proves it is good

Posted by meistsk3134 > 2017-08-05 23:02 | Report Abuse

liihen does mention have no enough worker early year

Posted by Larrytrader > 2017-08-05 23:03 | Report Abuse

then it shows good performance

Posted by AliCafe > 2017-08-06 02:05 | Report Abuse

KUALA LUMPUR: Malaysia’s furniture exports are expected to grow by 8% exceeding RM10 billion this year, a stronger pace compared with 4.1% to RM9.5 billion last year, thanks to the recent ban on rubberwood exports, according to Malaysian Furniture Council (MFC) president Chua Chun Chai.

The exports of RM10 billion are nearly two-thirds of the RM16 billion target of the Malaysian Timber Industry Board’s National Timber Industry Policy (Natip) 2009-2020.

“Given the rise in furniture exports from January to April 2017 at 6% or RM3.3 billion, exports are likely to expand with the US being the largest market,” he said.

In comparison with the corresponding four-month period last year, exports were at RM3.1 billion, said Chua, adding that the US contributed RM1 billion or 32.4% of the exports in the first four months in 2016, and the amount has grown to RM1.1 billion, accounting for 34.9% of Malaysia’s total furniture exports.

According to the statistics from the international trade and industry ministry, furniture exports charted a compound annual growth rate of about 3.5% between 2012 and 2016.

“The world economy is growing. World Bank growth forecast is at 4% to 5% after the 2008 downturn. The US has become the engine of growth [again], taking over China.

“At the same time, our traditional markets such as Australia, Japan, Singapore, the UK and Middle East can expand from 3% to 5%. We expect the emerging markets to grow about 20% year-on-year,” he said.

India grew at 24.2% with a value of RM123.8 million between January and April this year, a huge leap from 3.2% growth with RM99.6 million in value in the corresponding period last year, as it saw a boost in demand from the middle-income group that is expanding there now.

“Exports to the Philippines also jumped by 16.6% to RM58.2 million in the first four months this year from a 1.6% growth a year ago,” he said.



Labour shortage remains a concern

The rubberwood export ban was quite a big relief among furniture makers.

Earlier this year, the shortage in rubberwood pushed up the price of rubberwood by 45% to RM2,100 per tonne compared with RM1,450 a year ago, which was a major worry to the sector, Chua said.

On July 2, the government banned the export of rubberwood, which is expected to lift a cap on local furniture makers’ earnings growth.

“The government’s ban on rubberwood export was timely and effective to ensure the sustainability of raw materials for the furniture industry.

“The ban on rubberwood export would ensure sustainable supply to the furniture industry to achieve Natip’s RM16 billion target,” Chua said.

However, Chua said the growth in furniture exports could be strong at a double-digit rate if there is no labour shortage, among other challenges.

“If we are allowed to employ five foreign workers for one local employee (5:1), we can expand faster but the home ministry wants to stick to the 3:1 ratio,” he added.

Chua said prior to the export ban, China-based companies imported plenty of rubberwood, which was considerably cheap to them due to a weak ringgit, leaving Malaysian furniture makers with little supply.

“Malaysia wants to have a balanced policy by keeping the upstream players including the rubberwood sawn timber mills happy instead of helping the downstream value-added furniture industry.

“But Malaysia can export a quota of 100,000 cubic metres of rubberwood which would generate a total revenue of RM200 million to RM300 million. However, we hope the government would consider reducing the quota to 40,000 cubic metres,” he said.



Investing more in automation

Chua acknowledges that automating the furniture sector is slow as it involves high cost but Malaysian manufacturers are starting to raise their capital expenditure for technology investment.

Beginning last year, he said, MFC members have claimed they would spend about 5% of their profit to automate operations gradually.

“That would help grow the business and reduce labour but we still have to depend on foreign labour. If the government stops the intake of foreign labour, then the local furniture industry will go downhill. We don’t have a way to make furniture with only machines as some jobs need to be done by human beings like sanding and painting,” he said.

He explained most of the furniture is non-wood-based, therefore it would require a set to be put together physically.

“Wood is less than 30% of a piece of furniture; the other components are fabric, leather, the design, metal parts and lamination.

“Furniture is a lifestyle now, so elements of design and personality come from different materials, not just wood only,” Chua added.

Despite the challenging operating environment, Chua stressed that the furniture sector is not a sunset business as long as labour and raw materials are secured. However, the cost of doing business in Malaysia is rising, which could result in manufacturers moving to elsewhere for cheaper costs.

-The Edge Financial Daily, July 17, 2017

Posted by RainT > 2017-08-06 12:44 | Report Abuse

Liihen already low PE, high DY , high ROE past 1 year ago but share price also cannot move

Even sales and profit up every year but share price also cannot move

Now either investors start to notice Liihen ......or any growth /expansion plan or .....after KYYsell then share price not depress ....

But hope that there is growth /expansion plan as this is the solid reasons to keep Liihen up and up with sales up and profit betting higher and higher

Posted by tvz32 > 2017-08-06 19:54 | Report Abuse

I think KYY was partially responsible for the stagnation in price over the past year. Price couldnt go up because he kept selling down his millions of shares. At the same time he is not willing to depress it too much. So he had to release his stock gradually. Now it is finally flying because roadblock has been removed.

Posted by darkstar > 2017-08-06 20:02 | Report Abuse

Who is kyy?

Posted by Larrytrader > 2017-08-06 20:04 | Report Abuse

koon yew yan one of the big sgarks in Malaysia keke

Posted by optimus9199 > 2017-08-07 11:18 | Report Abuse

wow 3.41

Posted by Winklse188 > 2017-08-07 12:35 | Report Abuse

He has sold all the shares, time to move up, if given same valuation as hevea, it will worth 4.80

Posted by optimus9199 > 2017-08-07 14:17 | Report Abuse

No, KYY still has abt 5mil shares in Liihen

Posted by huahtai98 > 2017-08-07 14:43 | Report Abuse

How you know...optimus?

Posted by avex546322 > 2017-08-07 16:27 | Report Abuse

break out.

Posted by markgor > 2017-08-07 16:27 | Report Abuse

mari liao

Posted by lloydlim > 2017-08-07 18:53 | Report Abuse

New high to be expected!

Posted by tvz32 > 2017-08-07 20:39 | Report Abuse

I really doubt KYY has that many shares left. Look at the trend. Crazy green candlesticks for so many days. This means that roadblock has been removed and the price can increase organically

Posted by dunspace > 2017-08-07 20:53 | Report Abuse

https://klse.i3investor.com/blogs/dunspace/129445.jsp Looking for people to share their views too.

Posted by optimus9199 > 2017-08-07 21:12 | Report Abuse

@huat tai and tvz32 --> pls refer this announcement tq
--> http://www.bursamalaysia.com/market/listed-companies/company-announcements/5449237

Posted by tvz32 > 2017-08-07 21:58 | Report Abuse

Ok optimus, that was an outdated announcement in bursa. KYY had since disposed more of his shares to <5% of total liihen shares and as such no longer a substantial securities holder. From that point onwards, there is no need to declare whenever he sell. So how do you come to the conclusion of 5 mil shares?

Posted by tvz32 > 2017-08-07 21:58 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5453621

Posted by Larrytrader > 2017-08-07 22:19 | Report Abuse

my lovely stock suddenly awake keke

Posted by huahtai98 > 2017-08-07 23:23 | Report Abuse

I think he has sold all the remaining shares in June, July and the first few days of Aug.....he is not the type to keep a very small stake because it will be too insignificant for him to get any "kick" out of it. He needs something like kopi 0 kaw kaw!

Posted by huahtai98 > 2017-08-07 23:32 | Report Abuse

So over the medium term it could rise to prospective PE 15 value before correcting to fair value ie PE11 to PE12 before the next review. My 2 sen worth personal view...i stand to be corrected....dear people.

Posted by mamatede > 2017-08-07 23:40 | Report Abuse

Actually not cannot move, is the counter always give dividend.

Posted by pantor > 2017-08-08 01:44 | Report Abuse

He has sold all Liihen and bought hengyuan loh

Posted by jackfruit > 2017-08-08 06:17 | Report Abuse

It now Liihen turn to show it true colours.It share price will move north all the way now.

Posted by meistsk3134 > 2017-08-08 07:57 | Report Abuse

last time it up 3.55 and drop again. maintain

Posted by AliCafe > 2017-08-08 09:35 | Report Abuse

strong fundamental yet valuation still attractive. low pe and high divident yield. Good stock to hold for long term.

Posted by Superb99 > 2017-08-08 10:39 | Report Abuse

good time to buy some, adjustment now, hevea too

Posted by geary > 2017-08-08 18:08 | Report Abuse

Dividend Investing...??? https://seekingalpha.com/amp/article/4095968-4-steps-better-dividend-growth-investing

Posted by Larrytrader > 2017-08-08 18:51 | Report Abuse

whoever buy at 3.36 profit keke although I have at 3.12 kiki

Posted by Max2838 > 2017-08-08 22:07 | Report Abuse

Expect 6 sen/shr for 2nd Interim dividend (19 Aug earnings call) as EPS for Q2 is more than 12 sen, else will vote against prt sale of factories sites fr directors...

Posted by Larrytrader > 2017-08-08 22:41 | Report Abuse

great

Posted by geary > 2017-08-09 09:59 | Report Abuse

DGI@Dividend Growth Income@Passive Income@Key is Growth...??? https://seekingalpha.com/amp/article/4095863-dividend-growth-investing-income-individual-stocks-etfs-part-2

Posted by Patrick13 > 2017-08-09 20:25 | Report Abuse

Hi Max2838, how you so confident Q2 EPS is more than 12 sen? XD

Posted by anicca > 2017-08-10 07:31 | Report Abuse

the great is coming soon :)

Posted by PYLINK > 2017-08-10 15:50 | Report Abuse

today many 100 share trade, banker playing 1 finger piano ,1,1,1,1,1,1,1,1,1,1,1,1,1........

Posted by Max2838 > 2017-08-10 23:34 | Report Abuse

Q1 EPS was 12.3 sen/ shr. At factory site visit after AGM, Mr Chua said Q2 earnings more than Q1... that was the confidence...

Posted by investodiva > 2017-08-11 09:51 | Report Abuse

What the .... drop like hell

Posted by foreverchung > 2017-08-11 11:47 | Report Abuse

As geopolitical tension sparks from US, most of the counters are experiencing free-fall situation as spooked investors seek safe heaven commodities and currencies while staying away from stocks and bonds. Most counters today experienced a dip.

Whereas for Liihen and similar counters, strong fundamentals and financials will prove to be an important point as it will be the main resistance driver. This resistance will in turn push the counter back up when it dips badly. Whereas it can be resilient enough to hold its ground it will be up to other external factors such as share dropping by significant players.

For myself, another good chance to buy into several counters. So, prep your cash and trade wisely. Good luck peeps.

Posted by pantor > 2017-08-12 00:16 | Report Abuse

cheap sales..

Posted by RainT > 2017-08-13 10:51 | Report Abuse

Liihen cannot up la no matter what

Always and forever will stay the same

Posted by RainT > 2017-08-13 10:52 | Report Abuse

Up down up down at the same range only