Posted by RainT > 2019-05-10 12:30 | Report Abuse

all look good for LIIHEN

Posted by Cockroach Paul Lee > 2019-05-10 21:09 | Report Abuse

Hmmm... not bad.... but no more money invest....lol

Posted by cherry88 > 2019-05-11 09:14 | Report Abuse

https://www.bloomberg.com/news/articles/2019-05-10/here-s-why-vietnam-risks-being-labeled-a-currency-manipulator

Is it a good news or bad news ?
Well, it looks this will definitely benefit non-Vietnamese manufacturer like Lii Hen after taking the confirmed tariff rate increase lately. I believe more orders will flow into Asian other than Vietnam. Lii Hen will stand to win as it is one of the biggest furniture factories in Malaysia (even bigger than Poh Huat Malaysia operation). the latest audited Poh Huat Malaysia sales recorded at RM278 mil while Lii Hen sales recorded at RM801 mil, more than double of Poh Huat. Let's analyse the profit...Poh Huat Malaysia PBT was at RM31 mil (11%) while Lii Hen was at RM73 mil (9%). Despite a recent weakness in profit margin, I believe Lii Hen will benefit in long term due to economic of scale. On the other hand, Poh Huat could be lose out due to more uncertainty in the Vietnam (on being labeled as currency manipulator + competition with Chinese factory companies in Vietnam).

Another plus point for Lii Hen was its 45% dividend payout rate (or 14.5 sen in FY2018) against rather uncertain dividend payout of 31% (or 6 sen in FY2018) for Poh Huat. Yield wise, Lii Hen stands to win at 5.56% against 3.92% (as at 10/5 closing). I did not include Latitude in this discussion because Latitude is very "stingy" in dividend payout. Given current market uncertainty, cash / dividend is king !

Conclusion: if you ever invested/ exposed in export furniture stocks, switch to Lii Hen, and (you know what to do lah)

Posted by kahsoon888 > 2019-05-11 21:42 | Report Abuse

The Vietnam news see see enough....

Posted by commonsense > 2019-05-14 09:46 | Report Abuse

You can clearly see that today is mostly a panic selling event. I would understand investors selling companies that might be negatively affected by the trade war like palm plantation business (due to pressure from soya price), but for the furniture industries, they are basically a clear beneficiaries of the trade war between US and China.

For those that are not aware, US has imposed a 10% tariff on all furniture coming from China back in mid 2018. Given that China represent 65% of the total import of furniture into US (amounting to around USD30bil), US importers have since tried to mitigate the risk from tariff by starting to diversify their supply chain to other countries. The biggest beneficiaries is still Vietnam but Malaysian furniture companies with existing US customer based also benefited. Lii Hen which export 85% of its products to the US is actually one of the main beneficiaries. Now since last Friday, this 10% tariff had gone up to 25% which just means that US furniture importers will only try to diverse their supply chain even more.

Another point for Lii Hen (and other furniture companies with exposure to the US market) would be the strengthening of USD vs RM. For Liihen since the sales are recorded in USD and most of the cost items are in RM (factory located in Muar), this would only mean that the profit margins is expected to increase further.

Investors should expect a big jump in profit for the 1Q19 result to be out this month.

Please do your research first before deciding to sell your position as not all companies in Bursa Malaysia will be affected by the tariff war and in some cases like furniture industry, they are actually beneficiaries of this.

Regards.

Posted by MK76 > 2019-05-14 10:39 | Report Abuse

Market upside down and Liihen still standing strong. Steady!!!

Posted by ocpd > 2019-05-14 13:59 | Report Abuse

@commonsense will you please shut up! otherwise i can't buy more lol :p

Posted by hellbender > 2019-05-15 11:55 | Report Abuse

Bought some at today. Positive outlook on stock:-
1) USD/MYR - MYR depreciated vs USD should lift this stocks
2) US - CHina Trade war impact should have positive impact on stocks
3) Dividend Yield is high >3.5% will reduce any risk of further stock price fall.
4) High roe of 18%

Lets hope for the best guys.

Posted by MK76 > 2019-05-15 15:59 | Report Abuse

Welcome onboard hellbender. Yes, let's ride it. Not to forget foreign worker levy reduced. Liihen paid additional 3M last year. There will be saving in 2019 and increase its profitability. Hopefully gov will review come next year and extend again if the country debt gets to manageable level.

Posted by RainT > 2019-05-17 16:52 | Report Abuse

wah…..

Posted by sell > 2019-05-18 11:15 | Report Abuse

KYY bought before but dare not buy now bec 2.78 still very high when market weak?

Posted by RainT > 2019-05-18 12:10 | Report Abuse

KYY buy was very very very old story already la

That time is golden time of LIIHEN , the share price up and up

that time also is export counter play and furniture theme play

LATITITUDE, LIIHEN, POHUAT, EVERGREEN , all up up

since then all furniture counter down and no Viagra for up already

only can hang at the same range for long term

Posted by RainT > 2019-05-18 12:10 | Report Abuse

with the US trade war & RM weaken

hope can create another up cycle for LIIHEN

Posted by MK76 > 2019-05-19 13:45 | Report Abuse

Gradually up better. Rushing all the way up will be scary

Posted by Lyo82 > 2019-05-20 10:10 | Report Abuse

I dont have proper TA skills.. but it's based on my experience and observation. Liihen got solid support at RM2.7. As long as fundamental and performance doesn't get worse , the risk is actually quite little at this price. Just keep it and receive dividend, while waiting for the next waive of uptrend.
This is what I called undefeatable.

Posted by MK76 > 2019-05-23 08:55 | Report Abuse

Trade wars getting hotter it seems. Hopefully, everyone will start to notice Liihen. If the upcoming QR showing good revenue growth again, this is the safe place to park the money near term.

Posted by RainT > 2019-05-23 17:12 | Report Abuse

oh my god

Posted by RainT > 2019-05-23 17:12 | Report Abuse

liihen good result

Posted by Aries > 2019-05-23 17:19 | Report Abuse

Another 3.5 sen dividend is coming.

Posted by Fabien Extraordinaire > 2019-05-23 17:37 | Report Abuse

Profit up >100%

Well done!

Posted by RainT > 2019-05-23 17:46 | Report Abuse

cash pile also go up

Posted by Chris Chow > 2019-05-23 17:47 | Report Abuse

Well done LiiHen, done a good job. 111% Net profit growth with a nice operating cash flow.

Posted by Fabien Extraordinaire > 2019-05-23 17:48 | Report Abuse

USDMYR above 4.19

Should bode well for coming quarters.

Posted by RainT > 2019-05-23 17:48 | Report Abuse

last few quarters, cash balance is reducing

so worry that will affect high dividend payment record of LIIHEN

But this recent quarter cash balance go up show that LIIHEN cash balance still good

Posted by RainT > 2019-05-23 17:49 | Report Abuse

have forex loss about 1.2 million

if not net profit will be slightly higher

Posted by RainT > 2019-05-23 17:53 | Report Abuse

operating cash flow reduce nearly half from previous quarter

but still not bad operating cash flow for this quarter

Posted by RainT > 2019-05-23 17:55 | Report Abuse

but can LIHEN share price erect and go straight shoot up???

don't think so …

LIIHEN share price will stay in the range

Posted by MK76 > 2019-05-23 18:07 | Report Abuse

Good results. Don't have to shoot up but move to beyond 3.10 will do.

Posted by hellbender > 2019-05-23 18:17 | Report Abuse

profit doubled man... This is very excellent results. Their 1Q results was based on RM/USD of RM4.09. Now is at least RM4.19.... i think 2Q should be even better unless got unexpected losses?

Posted by hellbender > 2019-05-23 18:17 | Report Abuse

RM3 is a posibility.

Posted by wave999 > 2019-05-23 19:02 | Report Abuse

I am looking at 3.50 to 4.00

Posted by martinchua88332 > 2019-05-23 20:03 | Report Abuse

the next quarterly result is even better due to the trade war and the depreciating ringgit.

Posted by Ying Yan Lim > 2019-05-23 22:43 | Report Abuse

my target Rm3

Posted by Patrick13 > 2019-05-23 22:48 | Report Abuse

Good result and another 3.5 sen dividend is coming.

Posted by Cockroach Paul Lee > 2019-05-23 22:48 | Report Abuse

Good company good management good dividends

Posted by Kimmy > 2019-05-24 09:59 | Report Abuse

Good. Dividen yield stock. Can keep for long.

Posted by huahtai98 > 2019-05-24 10:06 | Report Abuse

The market has been treating Liihen like an unwelcomed step son.

Posted by commonsense > 2019-05-24 14:41 | Report Abuse

Lii Hen 1Q19 revenua and profit growth mainly comes from the strengthening of USD vs RM. The sales growth in USD terms from US was only 3%. This would mean that it has yet to benefit from US furniture companies moves to diversify away from China to mitigate risks relating to the tariff war. Given the recent increase of tariff from 10% to now 25%, i am hoping that Lii Hen could get some of the spill over affects from the diversification strategies by the US companies ( main beneficiaries will still be Vietnam based furniture companies). Any improvement of sales volume from US should be seen in 3Q19.

That being said, with RM continuing to depreciate vs USD, investors should expect Lii Hen to deliver another quarterly earnings growth in 2Q19.

At the current share price the company is currently being valued at only 7.5x PE. Cheap considering this is a company that have been consistently paying high dividend (relative to other furniture business) to its shareholders.

Regard.

Posted by Fabien Extraordinaire > 2019-05-24 16:22 | Report Abuse

HLG target price 4.22, not far from mine.

Posted by ocpd > 2019-05-24 16:35 | Report Abuse

Wow, very good Q1 financial result and dividend!

Posted by wave999 > 2019-05-24 17:07 | Report Abuse

Liihen a good choice for fund managers who are looking for good dividend yield.

Posted by Ying Yan Lim > 2019-05-24 17:20 | Report Abuse

close high

Posted by MK76 > 2019-05-24 22:06 | Report Abuse

Congrats to all. Hold on to it tightly. After all, there is only 180M shares. :) minus out the dividend, your entry before the rebound is much lower. Cheers.

Posted by minigiant > 2019-05-25 22:54 | Report Abuse

Judging from the results from Liihen, Homeriz, the furniture stocks will do well in coming months!!

Posted by paperplane > 2019-05-27 09:12 | Report Abuse

all pushing LIIHEN ya

Posted by Patrick13 > 2019-05-27 09:13 | Report Abuse

Turnover in USD:
2015 - 141mil (RM/USD: 3.88)
2016 - 150mil (RM/USD: 4.14)
2017 - 158mil (RM/USD: 4.28)
2018 - 192mil (RM/USD: 4.03)
1Q19 - 48mil (RM/USD: 4.09)

With the current weakening RM/USD and trade war btw China and US, Liihen is expected to secure higher turnover than FY2018 which turning into better profits and dividends this year.

Posted by VenFx > 2019-05-27 09:17 | Report Abuse

Wah !
Suddenly see Shinning star here ...good.

Posted by cherry88 > 2019-05-27 09:35 | Report Abuse

Congla Lii Hen shareholders

Posted by calvintaneng > 2019-05-27 11:03 | Report Abuse

Liihen up

Pohuat might overtake Liihen later

Posted by calvintaneng > 2019-05-27 11:03 | Report Abuse

Pohuat is power huat