Profit dropped due to: 1. rubberwood cost increased 2. shorten of workers 3. biological assets written off about RM1.2 million 4. net forex loss about RM2.4 million
If add back no 3 & 4, PBT should be about RM26 million or 15% margin instead of 13%.
frankly, how many similar good counters you can find from the market? 40sen EPS per year, good dividend payout, only selling at 3.4 plus....i think this counter is just lack of goreng element
Profit dropped due to: 1. rubberwood cost increased 2. shorten of workers 3. biological assets written off about RM1.2 million 4. net forex loss about RM2.4 million
First 2 points is no longer relevant. Second one maybe still somewhat relevant.
Never worry, such good dividends and promising company, really hard to find in bursa. Despite the 4major issue the profit only drop near 2%,this adi proof the Management adi doing vy well, I can see second half year Liihen can achieve more better thanast year
Not bad what ...i see most of the company doesn't turn out great in this quarter, cost could be lower down in next quarter as highlighted by @Jon Choivo, and the demand showing strongly in major region, don't understand the need of selling except you need money to buy Hengyuan :)
another 5 years at PE 10 = 33 cnts x 5 = 165 cents, how much will it worth? add RM 1 with dividend 65 cents paid, at 4.35?..upside from current price almost 30%...bolih tahan.....
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....
Jon Choivo
3,668 posts
Posted by Jon Choivo > 2017-08-24 17:11 | Report Abuse
Good result. GP up 24%. Drop is due to last year other income turn to expense this year.