POHUAT >300k traded with gain HOMERIZ >600k traded with gain HEVEA >300k traded with gain LATITUD >150k traded with gain LIIHEN < 35k traded with loss Lii hen the obvious Laggard
Posted by simonfoo0123 > Jan 6, 2014 02:38 PM | Report Abuse According to Lii Hen previous announcement on Dec 13, today is the hearing for the striking out application of the suit filed by a shareholder, of which Lii Hen is the defendant. If Lii Hen loses this striking out attempt, that mean Lii Hen will need to face the full trial on April 20-22, 2014. If the date of the full trial is push back further than April 2014 (whether intentionally by the plaintiff or the court for whatever reason), then Lii Hen is in great danger of having the FY 2013 accounts not being able to be tabled in the FY2013 AGM scheduled near June 2014, then all hell will break lose! That mean Lii Hen will have 2 FY accounts hanging in the air which will immediately trigger an invocation of PN17. If the decision on Jan 28 is not in favour of Lii Hen, it is therefore not advisable for Lii Hen to even appeal as it will open up another battle line in court which will definitely push back the full trial date of April 2014, consequently PN17. Keep your fingers crossed!
BIG DAY on 28 Jan, swim or sink leave it to the High Court of Muar!
Same kampong competitor Sernkou entering the bedroom set manufacturing business. This is going to squeeze the profit margin of Liihen and henceforth it's bottom line
Rubber wood furnitures' demand are waning in the US market. This is also the reason why sernkou needs to diversified into other sectors i.e. bedroom sets to offset the excess capacity. We will see the revenue of all US-dependant furniture exporters (liihen in particular is more vulnerable because almost >90% go to US) coming down in the coming years. Just watch next month's Q4 result. Already liihen is running on a 5 days Single Shift only for the past 3 months.
Latitiude has the cushion of Middle East markets while Pohuat has a wider range of products. Liihen only makes bedroom sets. This puts it under a weak spot and is more susceptible to contraction on the demand of rubber wood products.
Pohuat is the first to reflects this waning demand of rubber wood furnitures particularly in the US as its FY is ending 31/10. From the Q4/13 result of Pohuat announced on 31/12/2013, the revenue saw a dip of 9.88% at $101.337m compared to $112.457m in Q4/12. This also pulled down the full year result by almost $35m. Obviously this was the direct effect of waning demand of rubber wood furnitures in US which has been steadily declining since Q2 and Q3. Liihen's horrendous Q2 and a muted Q3 result further supported this fact.
Had it not because of a steadily declining Ringgit since and after GE 13, most of the furniture stocks would have to report a flat, if not, loss making result. Liihen certainly will not be an exception.
Posted by bull123 > Jan 24, 2014 05:23 PM | Report Abuse It is not true that Liihen only run 1 shift production
Posted by bull123 > Jan 24, 2014 06:50 PM | Report Abuse Have you called?
Posted by bull123 > Jan 24, 2014 06:51 PM | Report Abuse Wik call and let us know
Proof that bull123 : 1) Talking bullshit that liihen is not running on single shift with no fact in hand to support the denial. 2) Dependent on others (wikileaks) to find out the fact from liihen. 3) shooting empty bullets
Never do homework now want to talk morality. Aiyo, I give you the handphone number of the executive director of liihen you call him and asklah, Tan Bee Eng 012-616 2838
Contact numbers, from the executive directors to the Leader of foreign workers, has been given here for everyone to see and call if need to. No point talking inane
Stock: [LIIHEN]: LII HEN INDUSTRIES BHD Dec 5, 2013 03:24 PM | Report Abuse Just a reminder, spreading false information to influence share price is also market manupulation and can be charged under security act.
Stock: [LIIHEN]: LII HEN INDUSTRIES BHD Dec 5, 2013 04:43 PM | Report Abuse I will check with my lawyer .
Posted by bull123 > Dec 5, 2013 03:24 PM | Report Abuse Just a reminder, spreading false information to influence share price is also market manupulation and can be charged under security act.
Posted by bull123 > Dec 5, 2013 04:43 PM | Report Abuse I will check with my lawyer .
If you are a man, stop deleting your previous postings. Fight like a man
Bull123 warned by the administrator. Be responsible to whatever you are saying. I think this is the clearest signal of all that this bull123 is a waste of time. Talking inane without fact.
Spreading false information by anti liihen group on liihen only running 1 shift production for the past three months is definitely irresponsible and with bad intention.
SELL when you see the volume increased with the price in red. That means those in the know like investors and remisiers in Muar, directors, employees of LH, will jump the gun to sell first ahead of the announcement after the market is closed, when the decision is not in Lii Hen's favour.
Type Announcement Subject OTHERS Description Writ and Statement of Claim
Further to the announcements of 21 August 2013 (ref. no. CC-130821-38654), 18 September 2013 (ref. no. CC-130918-59909), 25 September 2013 (ref. no. CC-130925-2A85E), 8 October 2013 (ref. no. CC-131008-62122), 22 October 2013 (ref. no.CC-131022-60266), 29 October 2013 (ref. no. CC-131029-47377),13 December 2013 (ref. no.CC-131213-57457) and 6 January 2014 (ref. no. CC-140106-55823) pertaining to the Writ and Statement of Claim, the Board of Directors of Lii Hen Industries Bhd ("LHIB") wishes to inform that LHIB's application to strike out the Writ and Statement of Claim on the ground that Plaintiff's claim discloses no reasonable cause of action is scandalous, frivolous or vexatious or otherwise an abuse of the process of the Court, has been allowed with costs by the Muar High Court on 28 January 2014.
anything to say ?? the same bunch of activists ... all the nonsense about big volume with price coming down . Liihen has only dropped a few cents compare it with other stocks these few days
RHB Bank’s Economic Highlights, reflecting on MIER’s CSI and Business Conditions Index (BCI) surveys today, noted that the negative sentiments among consumers were further fueled by lower household income and Bank Negara’s moves to rein in rising household debt.
“The survey also indicated growing inflationary jitters due to the fiscal consolidation measures by the Government,” said RHB Research.
The bank’s research house noted that inflation went up from a two-year low of 1.2% in December 2012 to 3.2% in December 2013 following rising prices of goods.
“As a result, the survey indicated that consumers will likely be more prudent in spending in the coming months, and they would put on hold their spending plans for big-ticket items such as property, furniture, computers and cars,” it said.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
candygirls
797 posts
Posted by candygirls > 2014-01-21 17:01 | Report Abuse
POHUAT >300k traded with gain
HOMERIZ >600k traded with gain
HEVEA >300k traded with gain
LATITUD >150k traded with gain
LIIHEN < 35k traded with loss
Lii hen the obvious Laggard