Posted by Patrick13 > 2018-06-13 15:35 | Report Abuse

2018 AGM key points to jotdown:

1. Plantation needs 6 years to reach mature. The MD is very confident that plantation for the 1000 acres will be making profit.
2. The Group unable to provide estimate amount for the cost saving initiative because they're still in the beginning stage currently.
3. Asian export market mainly is HK, Taiwan and China.
4. New product development for horizontal products eg. Sofa as the MD emphasize the product valuation can bring higher value added profitability.
5. The Board won't consider to exercise share buyback.
6. Raw material cost represents about 60% of total cost. Rubberwood is not the major part on it because raw material cost also include other components such as chipboard and MDF. Hence, rubberwood export ban on last year didn't bring much benefit to them.
7. Cost pass-on to customers takes about 1-2 quarters. MD believes 3Q can see the profit normalised as they have 3 to 5 months back orders on hand.
8. Foreign worker represents 70% of total workers. Levy fee and revised minimum wages increased their cost significantly. That's why they are very keep emphasized on costing matter to improve the bottom line.
9. US market is still most significant market to them as there's about USD6 billion furniture demand over there.
10. The Group will look for automation equipment from China as there're more advanced & high-technology machine and the cost is also reasonable.

Appreciate if other attendees can further add-on because there's too many Q&A in this AGM. I didn't copy or memorize all. TQ.

Posted by cyeec2000 > 2018-06-13 19:57 | Report Abuse

Thanks Patrick

Posted by geary > 2018-06-13 21:13 | Report Abuse

TQ Patrick. Overall management efficiency is above average. They got to implement it fast...into automation...if not they find hard to compete with its rivals. They can't depend 70% on foreign workers. They are foreign manufacturers of wood products, already fully automated in China, becz their automated machineries are much affordable. Reliability n sustainability we got to take into full consideration. We shall keep monitoring their implementation. TQ.

Posted by Cockroach Paul Lee > 2018-06-13 22:27 | Report Abuse

Thanks Patrick

Posted by hopelesstrader > 2018-06-14 12:20 | Report Abuse

flbhd raise, liihen drop???

Posted by geary > 2018-06-15 13:33 | Report Abuse

Hahaha... LIIHEN has more hidden assets... people don't realise that...n management are more efficient, reliable n consistent. This is a dividend yield n conservative earnings growth Company. Don't expect too much price volatility. TQ.

Posted by RainT > 2018-06-19 23:59 | Report Abuse

buy in at low & keep in fridge .....dont expect share price up up

just expect god dividend, and keep it

with good mgmt, should not bad

Posted by Chris Chow > 2018-06-20 11:57 | Report Abuse

Thanks Patrick13

Posted by omgimnoob > 2018-06-21 17:04 | Report Abuse

https://www.facebook.com/groups/576895232689179/permalink/607005799678122/

Posted by ongmari > 2018-06-27 10:21 | Report Abuse

3 cents lagi on 3 july ex date..price still good to buy?

Posted by ocpd > 2018-06-29 14:46 | Report Abuse

woohoo received dividend today, another 3 sen next month!

Posted by chiahs > 2018-06-30 16:28 | Report Abuse

next quarter result with usd staying around 4 currently should see some gain from the foreign exchange.

Posted by ocpd > 2018-07-01 19:19 | Report Abuse

Yeah baby, with increased profits comes increased dividends! Look forward to a stronger USD coming forward.

Posted by Cockroach Paul Lee > 2018-07-08 22:52 | Report Abuse

thanks @omgimnoob, very useful info sharing

Posted by Patrick13 > 2018-07-13 08:12 | Report Abuse

http://www.chicagotribune.com/business/ct-biz-trump-tariffs-list-20180712-story.html

US plans to impose tarrif on USD200bil of Chinese products including furniture. That's possibility that other furniture making countries like Malaysia and Vietnam could benefit from the trade war?

Posted by Cockroach Paul Lee > 2018-07-13 23:49 | Report Abuse

what i heard in China is , China local demand very strong, and manufacturer not enough materials (papan n kayu) to produce... and China import many wooden furniture from Malaysia.
should be good news for Liihen , bright future

Posted by Patrick13 > 2018-07-16 12:59 | Report Abuse

Market demand is growing actually. Problem is high material price and labour shortage (plus increase labour cost) compress their profit margin. Hopefully this is temporary issue only.

Posted by ongmari > 2018-07-18 09:37 | Report Abuse

usd stronger over 4.0..if hit 4.15, liihen may move by 20 cents

Posted by ongmari > 2018-07-18 10:18 | Report Abuse

eat up?..retest 2.45

Posted by Fabien Extraordinaire > 2018-07-18 20:22 | Report Abuse

time to relook at furniture counters.

Posted by Eric6790 > 2018-07-18 20:25 | Report Abuse

is hard cuz govt new policy on foreign workers if labour shortage sure problems

Posted by ocpd > 2018-07-18 20:56 | Report Abuse

Can’t Liihen rehire those foreign workers from the construction sector, since many in the latter are now jobless due to Mahathirism?

Posted by Cockroach Paul Lee > 2018-07-19 00:33 | Report Abuse

there were companies worried about no orders.......low sales......bad quarter.....
In Liihen.....TOO MUCH ORDER !!! not enough workers!!!
hahaha ...just buy Liihen la....guarantee earning

Posted by Larrytrader > 2018-07-19 11:45 | Report Abuse

USD/MYR start up means good for furniture stocks

Posted by ocpd > 2018-07-19 12:22 | Report Abuse

If i were a US furniture importer i would start looking elsewhere by now instead of waiting for full China's tariff to kick in. So i suspect the recent increase in Liihen sale orders might be due to this shift. Thank you Mr. Trump :)

Posted by Fabien Extraordinaire > 2018-07-19 13:12 | Report Abuse

trade war will benefit local furniture companies

demand is increasing
exchange rate is favourable

management main worries is to manage the labour issues

Posted by Fabien Extraordinaire > 2018-07-19 13:14 | Report Abuse

Liihen's ROE and ROIC has always above 20%, generating high returns to the shareholders

Posted by geary > 2018-07-19 15:04 | Report Abuse

Automation D Only Capex for LiiHen...n mind you it's an EPS growth prospects capital expenditures. Non EPS growth are maintenance Capex...it is almost same like depreciation n amortization. So look into its owner Earnings...TQ.

Posted by BetulBetulAlibaba > 2018-07-19 16:46 | Report Abuse

up up up

Posted by Cockroach Paul Lee > 2018-07-19 23:50 | Report Abuse

wood ......tax FREE ! help lower material price
not only benefits in furniture sector , steel n textile also
BULL tmr ...up up up until 2019

Posted by ongmari > 2018-07-20 09:17 | Report Abuse

heading to ? 2.8?

Posted by ongmari > 2018-07-20 09:37 | Report Abuse

buy before next big uptrend,,usd getting stronger

Posted by Patrick13 > 2018-07-20 13:30 | Report Abuse

Within the furniture space, Lii Hen Industries and Latitude Tree Holdings are two stocks which caught the research house’s attention considering 70%-90% of their sales are directed to the US.

Furthermore, both have solid balance sheets with a net cash position, making up 10%-20% of their corresponding market capitalisation. Valuation wise, they are trading at less than 10 times price-to-earnings (PE) while offering commendable dividend yields of more than 3%.

https://www.thestar.com.my/business/business-news/2018/07/20/furniture-and-glove-makers-winners-in-us-china-trade-war/

Posted by ongmari > 2018-07-20 15:32 | Report Abuse

selling time...?

Posted by ongmari > 2018-07-20 15:49 | Report Abuse

buy mid sep...next round dividend 4 to 6 cents in Oct or Nov?

Posted by ongmari > 2018-07-20 15:52 | Report Abuse

move a bit too fast? stop liao

Posted by Fabien Extraordinaire > 2018-07-20 16:00 | Report Abuse

Within the furniture space, Lii Hen Industries and Latitude Tree Holdings are two stocks which caught the research house’s attention considering 70%-90% of their sales are directed to the US.

Furthermore, both have solid balance sheets with a net cash position, making up 10%-20% of their corresponding market capitalisation. Valuation wise, they are trading at less than 10 times price-to-earnings (PE) while offering commendable dividend yields of more than 3%.
Read more at https://www.thestar.com.my/business/business-news/2018/07/20/furniture-and-glove-makers-winners-in-us-china-trade-war/#OxyvzxybL3qwyQ21.99

Posted by cyeec2000 > 2018-07-20 16:03 | Report Abuse

Seemed to be all furniture company shares has been upward trend why?

Posted by ongmari > 2018-07-20 16:04 | Report Abuse

wait 2.8 tomolo

Posted by ocpd > 2018-07-20 16:06 | Report Abuse

Rising USD, falling commodities, and US-China trade war.

>> Seemed to be all furniture company shares has been upward trend why?

Posted by cyeec2000 > 2018-07-20 16:18 | Report Abuse

Thanks ocpd

Posted by Larrytrader > 2018-07-20 16:21 | Report Abuse

Have been holding at 3.12 hope will come up soon

Posted by Larrytrader > 2018-07-20 16:22 | Report Abuse

One more news is that the burned line last year will start functioning at June/July 2018 means will be able to have bigger revenue

Posted by Data5000 > 2018-07-20 16:37 | Report Abuse

关税局昨日公布一份近300页的销售税免税清单，惟财政部长林冠英今日澄清，此清单仅是建议，仍待咨询公众意见。

HAHa 陷阱

Posted by grong > 2018-07-20 16:38 | Report Abuse

mine is 3.70...very far far away hahaha. But anyway it finally wake up

Posted by ocpd > 2018-07-20 16:50 | Report Abuse

Didn’t you guys average down when dropped to rm2.20?

Posted by Cockroach Paul Lee > 2018-07-20 17:14 | Report Abuse

grong...3.70 really need more time..but 3.20 is coming soon...加油

Posted by grong > 2018-07-20 17:16 | Report Abuse

@ocpd, plant the cash on other counter, so didnt average down bro.

Posted by baobao4068 > 2018-07-20 17:16 | Report Abuse

Furniture industry finally wake up~wohoho

Posted by grong > 2018-07-20 17:20 | Report Abuse

@Data5000, is more to trade war benefit rather than SST. The Resistance still at 2.73, target price is 2.83. If breakthrough, it might be back to 3.00