Posted by ahbah > 2018-11-30 12:27 | Report Abuse

Buy some export counters like Lii Hen to hedge against our weakening Ringgit kept in FD.

Posted by George Leong > 2018-11-30 17:55 | Report Abuse

I hold some Lii Hen too to hedge our weakening RM.
Please also see Focus Lumber: https://klse.i3investor.com/blogs/investmentopportunity/184509.jsp

Posted by Goinvest88 > 2018-12-12 22:09 | Report Abuse

Comments from Poh Huat: "US furniture importers, which have already responded by diverting part of their orders to other furniture exporters in Southeast Asia prior to the imposition of the duties, will likely place more orders with producers in Vietnam and Malaysia

Posted by ocpd > 2018-12-13 00:44 | Report Abuse

50 years of umno has propelled malaysia to the cheapest labor country, even lower than thailand and china, now we are on par with indonesia. Very well done Malaysia!

https://www.bloomberg.com/news/articles/2018-12-11/vietnam-wields-cheap-wages-export-deals-as-aces-in-trade-war

Posted by wayne23 > 2018-12-18 10:09 | Report Abuse

whats wrong liihen???

Posted by Patrick13 > 2019-01-10 13:29 | Report Abuse

http://www.theedgemarkets.com/article/hlib-research-cautious-woodbased-manufacturing-sector-due-market-uncertainties

Posted by LouiseS > 2019-02-03 18:59 | Report Abuse

Last 5 years EPS on decreasing trend, decreased by 41.2% over last 5 years, PE ratio is at 9.6, ROE 17%, and dividend yield 7.37%

https://louisesinvesting.blogspot.com/2019/02/preliminary-screening-of-counters-with_45.html

Posted by martinchua88332 > 2019-02-09 03:36 | Report Abuse

the upcoming quarterly result will be fabulous.the stock is uptrending .

Posted by Ken Tang > 2019-02-10 11:32 | Report Abuse

hope so~liihen is always a good counter for mid term trading

Posted by paperplane > 2019-02-11 01:46 | Report Abuse

Div 6%, not bad lah

Posted by martinchua88332 > 2019-02-20 20:40 | Report Abuse

liihen's quarterly result will be announced soon.pohuat will shoot up with liihen.

Posted by safewinner > 2019-02-20 22:39 | Report Abuse

2016-17-18 FEB announced with dividend

Posted by RainT > 2019-02-21 17:24 | Report Abuse

good result

Posted by Aries > 2019-02-21 17:27 | Report Abuse

Yeah, good result. Revenue keeps going up every quarter.

Posted by cyeec2000 > 2019-02-21 17:31 | Report Abuse

Good results..

Posted by RainT > 2019-02-21 17:41 | Report Abuse

amazing thing about LIIHEN is that the sales can keep on grow and grow every year

very amazing ....

Posted by Fabien Extraordinaire > 2019-02-21 18:01 | Report Abuse

huh, did i see wrongly. 2 sen dividend?

Posted by BursaTornado > 2019-02-21 18:17 | Report Abuse

US government shutdown, Q1 2019 may be bad.

Posted by Iamyou > 2019-02-21 18:21 | Report Abuse

US government shutdown has nothing to do with Liihen business.

Posted by fkser > 2019-02-21 18:26 | Report Abuse

Good

Posted by BursaTornado > 2019-02-21 18:27 | Report Abuse

What make you think so?
Custom department partially shutdown.
800K federal workers jobless, contractors no get pay.

@Iamyou US government shutdown has nothing to do with Liihen business.

Posted by RainT > 2019-02-21 18:51 | Report Abuse

ya ...2 cent dividend

seem that LIIHEN dividend is on downtrend ...become lesser and lesser

Posted by Iamyou > 2019-02-21 18:51 | Report Abuse

BursaTornado, US government also shutdown in Oct 2013. Liihen continued to report increasing revenue during that time.

Posted by martinchua88332 > 2019-02-21 18:55 | Report Abuse

most of US government workers live paycheck-to-paycheck.shutdown won't be long.

Posted by Patrick13 > 2019-02-21 19:04 | Report Abuse

Very satisfactory QR, but surprisingly just giving 2 cents dividends only?
Hopefully they will declare another higher final dividends any soon.

Posted by BursaTornado > 2019-02-21 19:07 | Report Abuse

Anyway, I think can buy more if price correction tomorrow.

Posted by RainT > 2019-02-21 19:12 | Report Abuse

ya if correction can buy

if not wait for correction

Posted by chiahs > 2019-02-21 19:32 | Report Abuse

hope the coming special dividend is xcited

Posted by PotentialGhost > 2019-02-21 21:46 | Report Abuse

Walao why only pay 2sen divinded ?decline so much !! Fark ar management

Posted by martinchua88332 > 2019-02-21 22:19 | Report Abuse

liihen spent 20 mil to upgrade ppe ( property ,plant and equipment) during the quarter. they will distribute good dividend for the next quarter.

Posted by Patrick13 > 2019-02-21 23:08 | Report Abuse

20 mil capex is for the whole year, not during this quarter.

martinchua88332 liihen spent 20 mil to upgrade ppe ( property ,plant and equipment) during the quarter. they will distribute good dividend for the next quarter.
21/02/2019 22:19

Posted by cherry88 > 2019-02-22 08:36 | Report Abuse

It is trade-off between "growth" and "income". Without increase or modernize the machineries, the capacity and sales may not go further, and will sooner be lack behind the competitor.
The Board is testing us whether we are long term or short term investors. ha ha

Posted by Jeff Lee > 2019-02-22 09:23 | Report Abuse

i read liihen is using this 20 million capex to upgrade machine to automation. So they can less dependent on foreign workers which has been the reason for past 2 quarters drop in profit.
Next time with automation in, they can improve their profit margin and also grow their profits.

Posted by RainT > 2019-02-22 09:55 | Report Abuse

let see how

after few quarter profit will get better or not , given they use cash to expand the machine

and after finish the machine upgrade, the dividend will increase back or not

Posted by RainT > 2019-02-22 09:58 | Report Abuse

if the profit does not improve or dividend still maintain at reduce trend / low dividend , so its time to sell

if the profit improve & dividend back to as high as before then its very good

so need time and wait .....opportunity costs

Posted by Jeff Lee > 2019-02-22 10:25 | Report Abuse

i think any manufacturing line need to go automation at least partially on those work can be done by automation system. Malaysia is going to do keep increase minimum wages for workers to RM 1500.

Posted by albert787378 > 2019-02-22 18:22 | Report Abuse

hong leong investment bank on LIIHEN's outlook

Moving forward, we opine that Lii Hen will benefit from (1) lower engineered wood selling prices (lower cost of production), and (2) stronger demand from US (result of US-China trade war).

Posted by chiahs > 2019-02-22 19:08 | Report Abuse

Result consider good, dividend oriented 'investor' seem quite significant impact the price, else the it mightl break 3++ easily with this good result.

Posted by LOLANTO > 2019-02-23 17:42 | Report Abuse

sell in view of ringgit getting stronger and stronger

Posted by tm9999 > 2019-02-24 07:57 | Report Abuse

How about hevea?

Posted by cyeec2000 > 2019-02-24 10:36 | Report Abuse

Hevea is benefit for levy reduction

Posted by cherry88 > 2019-02-25 11:42 | Report Abuse

albert, what is the target price set from Hong Leong ?

Posted by RainT > 2019-02-26 12:38 | Report Abuse

really RM5.04

From where we can read the report ?

please share

Posted by BursaTornado > 2019-02-26 15:25 | Report Abuse

Itu HL say TP 5.04 so that they can sell to you. Kikiki.

Posted by michaelwong > 2019-02-27 01:48 | Report Abuse

There's infact no amount of accuracy to suggest TP of any stock prices . Different research investment houses set different TP prices and some with vested interests set higher TP to dupe and offload their shares to the ignorance and dumbed while this conman are laughing to the bank .
Do your own research and set your own TP stock price . I treat this investment houses is a bullshits house just bcos many investors still applying their formula got short-changed and stuck up with their stocks . A buy called must be treated as a sell called instead .

Posted by cherry88 > 2019-02-27 08:18 | Report Abuse

Why you guys dance together with andr ?? haha...he is merely joking. The previous HL target was RM3.30

Posted by tancl85 > 2019-02-27 14:03 | Report Abuse

Total EPS for the FY18 is RM 0.321, let say the P/E ratio is 10x. The fair value of share price is RM3.20. Make sense?

Posted by michaelwong > 2019-02-27 20:07 | Report Abuse

Fuck HL con house. Set TP RM5.04 so high and thought that the market will fulfilled this white collar dream ah ? Now investors are smarter and every 2 cents upwards quote you can see plenty of sellers to secure profits . Maybe 5.04 got to wait until the beard touch the floor.

Posted by RainT > 2019-03-01 16:09 | Report Abuse

Ya need wait until beard touch the floor for LIIHEN share price to move up

Posted by Patrick13 > 2019-03-04 14:06 | Report Abuse

Lii Hen’s FY18 core earnings of RM58.4m (-24.7%YoY) came in within our expectation, accounting for 101.1% of our full-year forecast. The group posted higher sales volume in 4Q18 (+6.4%QoQ; +19%YoY) but was weighed down by stronger ringgit. Moving forward, under the lower cost environment, we opine that margins will improve. A DPS of 2sen was declared. We maintain our earnings forecasts and a BUY rating with an unchanged TP of RM3.66 as we pegged to an unchanged PE multiple to 11x of FY19 EPS.

In line. Lii Hen’s FY18 core earnings of RM58.4m (-24.7%YoY) came in within our expectation, accounting for 101.1% of our full-year forecast.

Dividend. Declared 4th interim DPS of 2.0 sen (ex-date: 11 Mac 2019) bringing YTD dividend to 11.5sen, translating to a dividend yield of 4.1%.

QoQ. Revenue increased 6.4% from USD47m to USD50m, however thanks to the stronger USD against MYR (4Q18: RM4.17/USD vs 3Q18: RM4.08/USD), sales in terms of ringgit improved by 8% to RM216.8m. Core earnings ballooned by 39.7% to RM22.1m on higher sales volume and lower effective tax rate.

YoY. Revenue grew strongly by 19% to USD50m in 4Q18 (from USD42m in 4Q17), however this only translated to a 17.3% in terms of ringgit revenue, as there was a slight decrease in local sales by 2.3%. Core earnings increased by 43.3% due to higher sales volume and lower operating cost.

YTD: In FY18 the group achieved a 21% sales growth in to USD192m, however sales in ringgit terms was only at 11.7% due to the stronger RM against USD (FY18: RM4.03/USD vs FY17: RM4.29/USD). However, core net profit declined by 24.7% to RM58.4m, mainly attributed to higher operating cost, chiefly from the implemented foreign labour levy (effective Jan-18).

Outlook. Moving forward, we opine that Lii Hen will benefit from (1) lower engineered wood selling prices (lower cost of production), and (2) stronger demand from US (result of US-China trade war). We also think that the group will be less affected by the labour levy in FY19 as they had the year to adapt to and adjust their ASP.

Forecast. Unchanged. We maintain BUY, with unchanged TP of RM3.66 pegged to PE multiple of 11x of FY19 EPS. We continue to like Lii Hen for its strong balance sheet (net cash per share 35.8 sen as at 4Q18), generous dividend payout (yield of 6.4%) and ongoing efforts to adopt effective cost management.

Source: Hong Leong Investment Bank Research - 22 Feb 2019