aiya...too fast sell liao...but dont get greedy is a safer way for investment. yes, good luck geary. i still holding it...wait until RainT say Liihen is good then i sell....lol
Hahaha...never fall in love with whatever company...even your ancestors 'kuasa' to U. Risk n $$$ management is crucial in stock markets with unavoidable systematic risk. Nobody knows ... uncertainty abound. BTW I always keep at least 20% Cashflow...even at this momentum... Probably these comings months...will be Bullish...use your own experiences n intuitions... Good Luck...!!!
@albert787378 .....i not only agree to the Ringgit's target of 4.20 per US Dollar by year end....i think it will continue to weaken after that. This is due to 1. Fed has stopped printing the US Dollar....creating demand again. 2. The US economy is powering ahead with the Dow reaching 100 000 over the next two decades.....again creating a very strong demand for the Dollar....to buy their products and to invest in their shares...people the world over will be lining up for the Dollar again......pushing up the Dollar higher and higher especially when the Fed tightens its monetary policies....making the situation worse. Watch out people. Just my 2 cents though.
Haha interesting. Revenue is still up whether in RM or USD basis, so there is definitely strong demand. So its just the cost issue and USD rate.
For the quarter predictors out there, next q will probably have much better rate, and thus higher profit.
Having said that, i kind of wish i wasnt so eager to buy back liihen at 3.8 back in the day. The management is great, business is decent, but may have overpaid somewhat.
Lol, Liihen is a cyclical stock. Overall, it already starting to recover now. Since Q2 result improved 55% as compared to Q1. In Q2, you can realised the USD conversion rate is around 3.94, but now USD conversion rate is already 4.1, so you can calculate the Q3 result yourslef.
Positive Factors: a) Liihen continue to receive strong orders from customers. b) The increase of USD conversion rate. ( From 3.94 to 4.105) c) Tun Dr Mahathir announced will not immediate rise minimum wage but gradually.
Negative Factors: a) Shortage of workforce b) Production cost
*Wan to buy or sell is your own decision, this just my own opinion.
Mahathir says Ringgit undervalued...shd be 3.80 to the Dollar. I beg to differ......the US economy is strengthening steadily....i see this as a secular trend mainly driven by the new tech age of which the US is still No. 1....and this tech revolution is all encompassing....becoming a very vital component of every corporate business. Malaysia has very little to offer in this tech domain.....so can the Ringgit still climb against the mighty Dollar. The Dollar dont even need gold to support it now......corporate USA is more valuable than gold...haha.
12million profit , 190m revenueQ2 (usd 3.95-4.05) , dividens rm35.00 ...... i dont see any bad here ...lol if someone here ask for a " Perfect Company " ...... please made one.... i invest u ... lol
i believe coming Q3 result will more better (usd4.05-4.11) tmr pls sell cheap cheap... i wanna buy more.... kanasai i top up just now 2.95.....haha
The earnings improved QoQ mainly due to forex gain in this quarter compared against forex loss in preceding quarter. This statement is also mentioned by management in quarterly report.
If exclude forex gain, the core EPS in this quarter is merely 6.09sen. The core EPS in preceding quarter without forex loss was 5.92sen. This means there is only a very small improvement QoQ if exclude forex gain/loss.
LiiHen's sales and revenue are good due to good consumer sentiment in US market. But its profit margin continued to face challenges from shortage of workers, and higher costs. I suppose the challenges will remain in subsequent quarters.
If given 8x to 10x PE multiple, the fair value for Liihen is RM1.92 to RM2.40 per share which is lower than current stock price at RM2.89 per share..
Calculation : Core EPS in Q1 and Q2 were 5.92sen and 6.09sen. If annualise, we get 24.02sen. 8x PE is 24.02 x 8 = RM1.92 per share. 10x PE is 24.02 x 10 = RM2.40 per share.
share investment is about future earnings.ringgit is even weaker in the next few quarters.furthermore US furniture retailers will order more furnitures from Malaysia instead of China because of uncertainty of trade war.every orders must be made few months in advance.
IF YOU ARE THE CEO OF AN US FURNITURE RETAILER , YOU HAVE TWO OPTIONS.
1 BUY FROM CHINA AND MAY FACE THE RISK OF THE 25 % TARIFF.
2 BUY FROM MALAYSIA AND NO TARIFF RISK.
THE CHOICE IS CLEAR.
MALAYSIA FURNITURE MANUFACTURERS WILL BE VERY BUSY IN THE COMING QUARTERS AND THEY CAN DO THAT BY RAISING THEIR PRICE.
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Posted by geary > 2018-08-14 13:08 | Report Abuse
Sold...@2.98...@50%....take back capital plus profit above 20%. Portfolio Average price...@2.00. Dividend yield...10%. TQ n GL.