Looks like will touch >3.50 and <3.60 within these few days. Then after Good QR released, ppl take profit again and possible share price will drop below 3.30 again. Hehehe..
anicca why are you expecting the report to be out today anyway? Based on past years, the report will be out within this week. It was released on 19/8 in 2016, 24/8 in 2015 and 25/8 on 2014. Iin any case it is definitely not late.
Also starting 1st July no more rubber wood export allowed from M'sia,hopefully rubberwood price will come down a bit so input cost for furniture maker will be less and products will be even more competitive in export market.3rd q and 4th q profit and earnings will be more if Rm/usd can maintain at current level
1. Ban on export of rubber wood will reduce market rubber wood price , so cost lower profit higher . Hope this can offset with labour cost problem
2. US economy still in growing / hot mode so Liihen sales still can grow. US is Liihen largest market
3. MYR remain weak at around 4.10-4.20 something, this good for Liihen
4. Coming Q3, Q4 is peak season for Liihen as US festive season , Xmas etc . So just hold and wait the Q4 .
5. High dividend
6. Fundamental still remain good for Liihen
7. Some expansion on going and will increase capacity by 10% . From the Edge report , interview with the company, they said they acquire leasehold factory building
Ban on export of rubber wood is effective from 1 July onwards.. Nothing impact to Apr-Jun (2Q). Even with USD strengthening by that period also to be offset by high input material cost. As 2Q always been weak quarter for Liihen, I guess EPS is at least 10 sen.
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....
RainT
8,448 posts
Posted by RainT > 2017-08-13 10:58 | Report Abuse
If you take out the dividend about 26 cents for pass one year ,
The share price still stay in the same range also
High dividend , high ROE , low PE but just don't understand why share price cannot up