It is trading below fair value with its earnings 22% per year is forecast to grow faster than the market 10% per year. Has high-quality earnings. The current net profit margins are lower than last year with a debt to equity ratio 17% is considered satisfactory. Notable dividend 5.68% is considered high
Many didn’t realise it but this counter is super undervalue . Leesk Profit BEFORE tax laat reported quarter was the HIGHEST in 7 years or more. Good and dedicated management !
with this COVID issue, US trade war still linggering, the hotel, a household consumer might delay/cancel their purchase thus impact the company revenue. Maybe need to look at their quarterly report first before any decision made.
just bought some at 0.48... one of the good rare stocks with strong fundamentals and future growth, at a discounted undervalued price! what a bargain as I calculated its intrinsic value at 0.7 and fair value at 0.53!!!what a bargain at 0.48!!!
Debt isn't high at all which maintained since FY2011 but the cash was increased tremendously, they are using the debt wisely and it's still a net cash company.
Another furniture & bedding manufacturer that is poised to benefit from the trade tension between world and China.
Currently China exports more than 50% of the world mattress but that is about to change, Malaysia is currently sitting on about no 10+
But we can see that PoHuat, Homeriz, Jaycorp, Liihen, all have gained so much during this period, all hitting new highs, and we can almost be certain LEESK will follow their footstep too. As a prove, this quarter LEESK made their new record for highest revenue and profit after tax.
LEESK have a very healthy balance sheet, with RM54 Million cash and only RM9 Million Debt which can be cleared anytime.
Earnings are expected to grow at about 50% yearly. With a proven track record of improving revenues since 2017.
LEESK also have started paying consistent dividend since a few years ago, and this is expected to continue with dividend yield of 5%
In my Opinion, this is a great growth stock to hold long term, for short term LEESK definitely should be back to RM1 and continue climbing together with improving revenues.
Notice that all furniture stocks climbs up slowly and there's no big dump, not volatile, unlike pump and dump schemes, so this shows that its been invested by real investors for real values, and not gamblers
Last q result was best in 4 years . N that is w Covid etc . Imagine when pendamic is under control . We might not be able to see leesk at 70/80 sen already
True, last quarter was the start of the best quarters yet to come. LEESK just gotten more customers overseas, this is a long term gem. I'm sure the next thing they will offer is a great dividend yield like all other furniture stocks
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....
Outliar
302 posts
Posted by Outliar > 2020-02-03 12:55 | Report Abuse
Stock buyback, good news