The slight drop of dividend is reflection of the drop in bottom line / revenue. I love the management transparent way of managing the company. Will continue to invest in this company for the long term, as bottom line / higher revenue in the future will also be reflected accordingly as well.
Liihen is going to acquire 1 plot of agriculture land with cost of RM10mil within this year. Besides, they also acquired new subsidiary (Domain Partners S/B) with the cost of RM19.74mil. Both exercises will be funded entirely by internally funds and this is the real reason why dividend slightly dropped in FY2017. Long term investors shall welcome such acquisitions as it will convert long term growth & sustainability to get the better value & reward in the future.
Muar Furniture Park to be game-changer for local furniture industry
MUAR: The development of Muar Furniture Park in Bakri will be a game-changer for the local furniture industry and will boost the industry further.
Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said the park forms part of efforts to improve the export of local furniture and ensure that the industry will continue to grow.
“The park is the first of its kind as all the facilities needed by the industry would be located in one place. This will turn Muar into the centre of the furniture industry in Malaysia,” said Mah.
He said last year, Malaysian furniture exports stood at RM10.14 billion, a 6.4 per cent increase from RM9.53 billion recorded in 2016.
“Malaysian furniture is known for its quality and competitive prices. The development of the park would ensure the industry’s continued growth,” said Mah.
He was speaking to the media after the opening of the park by Prime Minister Datuk Seri Najib Razak.
Also present was Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin.
The park is being developed by TPM Technopark Sdn Bhd, a subsidiary of Johor Corp, on a 399.2 hectare land in Bakri.
It is expected to be completed in two years.
At the event, Najib also launched the Bumiputra Furniture Entrepreneur Scheme (SuperBumi).
SuperBumi is a programme to train Bumiputra furniture entrepreneurs who would eventually become vendors in the industry.
It is a collaboration between the Malaysian Timber Industry Board and the Muar Furniture Association.
Mah said the programme would create a win-win situation for all parties.
“The industry is currently dominated by Chinese companies. With this programme, we would create more Bumiputra entrepreneurs in the industry who would eventually become vendors and suppliers for the existing companies,” said Mah.
Malaysian Furniture Exports Hit RM10.13 Bln In 2017 - Mah
MUAR -- Malaysia’s furniture exports increased to RM10.13 billion last year compared with RM9.52 billion in 2016.
Plantation Industries and Commodities Minister, Datuk Seri Mah Siew Keong, said wood-based furniture constituted RM8.05 billion of the total exports.
“The United States is the largest importer of Malaysian furniture in 2017 valued at RM3.59 billion, followed by Singapore (RM790.1 million), Japan (RM785.6 million), Australia (RM710.5 million) and the United Kingdom (RM476.1 million),” he said at the media conference after the launch of the Muar Furniture Park and the Bumiputera Furniture Entrepreneur Scheme Programme (SuperBumi) in Bakri, here today.
The launches were officiated by Prime Minister Datuk Seri Najib Tun Razak, and also present were Minister in the Prime Minister’s Department Daruk Seri Dr. Wee Ka Siong and Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin.
Mah said the SuperBumi programme, which was initiated by the Malaysian Timber Industry Board in strategic cooperation with the Muar Furniture Association, involved non-Bumiputera furniture companies training Bumiputera participants.
“The SuperBumi programme is a win-win situation and last year, 10 participants were involved in the programme, and this will increase to 100 in 2018.
“I am sure this programme will continue on a larger scale and I encourage more Bumiputeras to join SuperBumi,” he added.
Meanwhile, Mohamed Khaled said Muar’s potential to continue to emerge as a global furniture player is increasing as there are now around 700 factories exporting 6,000 containers of furniture monthly.
The Menteri Besar said that based on this achievement, together with Muar’s contribution to the furniture exports of both Malaysia and Johor, the state government had undertaken a comprehensive initiative to strengthen the furniture sector here.
“The government’s efforts to emplace all factories within the Muar Furniture Park is an integrated solution to the problem faced previously by establishing an industrial zone that is clean, orderly and according to standards.
“Following our earlier plans, the Muar Furniture Park will have around 230 industry lots equipped with infrastructure such as roads, street lights, telecommunications system, water and electrical utilities as well as high security standards,” he added.
White House unveiled plans for tariffs on $50 billion in Chinese imports across 1,300 categories, with 25 percent levies on Chinese goods ranging from electronics, aerospace and machinery to phones, shoes and furniture.
A good ROE n EPS, especially high divident yield. Although currently situation in Malaysia is not stable, but if you can hold at least 3year, confirm will going back to RM4. Just earn divident n wait economic return.
Past few dividends (except Special) has been 4 sen but now drop by 25% to 3 sen. Even though 1 sen is no big deal but look at the sudden change. Exercise caution.
Do you aware that Liihen to spend RM20mil to acquire new subsidiary (Domain Partners S/B) in Nov 2017 and subsequently proposed to acquire 1 plot land in Parit Jawa, Muar cost about RM6.3mil?
Greater return on growth in future or consistent generous dividend payout depends on different people interpretation.
jv1758 Past few dividends (except Special) has been 4 sen but now drop by 25% to 3 sen. Even though 1 sen is no big deal but look at the sudden change. Exercise caution. 02/05/2018 17:15
strong fiscal policy by the council of elders will improve our credit rating from A to AA. Rating agencies all waiting to see what's the outcome after 100 days of PH in government. I think MYR would steadily rise if it meets their expectations.
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Bought at 2.63.