When MYR continue rising, USD will also maintain its strong position. Liihen is not only depend on USD fluctuation, but also depend on its strong management. In my view, if liihen can maintain its profit in the coming quarter, it will give me a strong confidence to collect more, especially now Liihen‘s price is around 52week low. When 2-3 year market come back to furniture industry, Liihen is the one who will fly high high.
Problems on LATITUDE will most likely reflect the same on its peers since they are in the same industry. Unfavourable exchange rate, acceleration of production costs, shortages of workforce and employers paying for foreign worker levy starting 1st January 2018. Still, let's hope LIIHEN's next QR will stay positive despite the issues stated.
How come got alot idiot suka suka simply said limit down without use brain,If u dun hv contributed to forum then just listen,dun act foolish here,save u dignity
By looking at Liihen 2017 Q1 results, u can see they also incurred forex loss, So if 2018 Q1 forex loss will not have much impact yoy, qoq wise also forex loss... direction for 2017 Q1, 2017 Q4 and 2018 Q1 should be the same? Don’t understand why ppl sell? Ohh results out will limit down, now sell first!
Someone has got to read the recent Corporate exercise... The payback period for the acquisition of the warehouse is 10 years assuming if the only way of recovering = savings from rental paid per annum previously. If you dig deeper... The market valuation of the land and the factory is actually 50% higher than the 20mil used for purchase.. assuming if you throw this asset out of the window, you will cut short payback by 5 years.. Further if one were to take 5 years to scout for an alternative production centre in view of the glut of properties (be it factory or not...) The medium prospect is fantastic..
No company can sustain it's profit without capex. I hope investors can bear this in mind rather than whacking based on short term factors
Is short term noise, when bad news looming outside, ppl from very confident become scare and sell off. Company going to close down already even Malaysia stop exporting logs, result going to be red, limit down. When confident time, Liihen will become Tesla. This is Bursa!
Based on the new QR, Liihen's performance is better than its competitor, Latitud profit down 70++%, hevea down 90++%. Liihen's result is still acceptable.
In fact, no surprise as recent qtr results are mostly in deep red. What make liihen still looks outstanding are its +21.31% revenue, which is all-time-high. It is too reluctant to blame fundamental :]
Labour n Material cost is alway the big challenge for Liihen, but it does not mean Liihen's fundamental has already turn bad. Compared with Latitud n Hevea, Liihen still can grow its revenue although 60++% down in its net profit. This year is the most challenging year for Liihen, but for a long term investor, we should look at next few year, especially for cyclical stock.
"Despite of the rose in revenue, the Group’s profit before tax decreased 61%. This was mainly due to the higher raw materials cost, higher labour operating costs resultant from more hiring, more overtime claimed and extra overhead cost on foreign workers levy, coupled with the strengthening of RM in the current quarter."
Very bad situation for LIIHEN for this whole year. Even if RM down and USD up which I think it's only temporary, it's only one of the other headwind factors affecting LIIHEN's profitability. We can buy LIIHEN but not on a severe downtrend during troubled times. Plus our market sentiment is super bad now cos of 1MDB and US trade war. Go their AGM or wait for the next quarter and assess how the management handle these issues. The QR report doesn't disclose much info.
I bought Liihen for dividends, way better than bank fixed deposits.. now, Liihen is giving 40% less dividends compared to previous quarter.. share price heading south making me to consider cut loss on this small capital company as her business is getting more difficult nowadays...
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Posted by baobao4068 > 2018-05-16 15:26 | Report Abuse
When MYR continue rising, USD will also maintain its strong position. Liihen is not only depend on USD fluctuation, but also depend on its strong management. In my view, if liihen can maintain its profit in the coming quarter, it will give me a strong confidence to collect more, especially now Liihen‘s price is around 52week low. When 2-3 year market come back to furniture industry, Liihen is the one who will fly high high.