Posted by katara > 2 months ago | Report Abuse

y must sell😁

Posted by alivetoinvest > 2 months ago | Report Abuse

up 1 cent, down 2 cent lol waste time here

Posted by alivetoinvest > 2 months ago | Report Abuse

teoseng printing

Posted by bose00 > 2 months ago | Report Abuse

matter of time fly past towards 0,8x

Posted by share4u888 > 2 months ago | Report Abuse

washing plate.....

Posted by bose00 > 2 months ago | Report Abuse

been doing trade swing. 0.690-0.765 ~ . now awaiting to explode.

Posted by GLNT > 2 months ago | Report Abuse

Investment bankers and brokers syok sendiri, buy sell buy sell...Yawn..

Posted by SMInvest > 1 month ago | Report Abuse

hold tight

Posted by Mikecyc > 1 month ago | Report Abuse

Current Ratio 1.32
Debt-Equity (DE) Ratio 1.54
FCF Yield 2.24 %
Revenue QoQ -2.32 %
Revenue YoY -2.44%

Posted by Mikecyc > 1 month ago | Report Abuse

Haha Warchest is it a bad company with bad management that managed until High Debt !!!

Posted by Mikecyc > 1 month ago | Report Abuse

Haha this is not a Good Sign le :

Change in Principal Officer

LEONG HUP INTERNATIONAL BERHAD

Date of change 01 Jan 2025
Name MR CHONG CHOON YENG
Age 53
Gender Male
Nationality Malaysia
Type of change Appointment
Designation Chief Financial Office

Posted by Mikecyc > 1 month ago | Report Abuse

Haha some more Total Assets is Reduced by RM 115 million from Dec 2023 to June 2024 !

Posted by Income > 1 month ago | Report Abuse

Posted by Mikecyc > Nov 6, 2024 7:10 PM | Report Abuse

Haha some more Total Assets is Reduced by RM 115 million from Dec 2023 to June 2024 !

?


Bravo, Mcyc dug out all hanky panky.
U are the best!

Posted by Mikecyc > 1 month ago | Report Abuse

Haha alamak on DY :

2019 : 2.06 %

2020 : 0.79 %

2021 : 1.21 %

20222 : 0.0 %

2023 : 4.20 %

The worst is since Listed on 2019 ..Price is down only from ard RM 1.07 …until 52W : 0.510 —- 0.775

> is a bad company with bad management…. Better put in FD with higher Return … what is yr point of views , Warchest ?

Posted by Mikecyc > 1 month ago | Report Abuse

Haha QR ended June 2024… Profit RM 96.5 million but Total Assets is reduced by RM 115 million !

Posted by GLNT > 1 month ago | Report Abuse

Net Asset increasing lah..aiyo

Posted by GLNT > 1 month ago | Report Abuse

Who calculate total assets? Don't have liabilities? Money earned used to pay down debts, net asset increasing lor...this is the most basic accounting...aiyo

Posted by Mikecyc > 1 month ago | Report Abuse

Leong Hup International Berhad (KLSE:LHI) investors are sitting on a loss of 19% if they invested five years ago

Posted by Mikecyc > 1 month ago | Report Abuse

Haha that’s why …

Change in Principal Officer

LEONG HUP INTERNATIONAL BERHAD

Date of change 01 Jan 2025
Name MR CHONG CHOON YENG
Age 53
Gender Male
Nationality Malaysia
Type of change Appointment
Designation Chief Financial Office

Posted by GLNT > 1 month ago | Report Abuse

Hahaha! Good news then. A change in direction

Posted by Mikecyc > 1 month ago | Report Abuse

Haha Warchest what a bad company with bad management le … teruknya sampai Huge Debt !!

Posted by lazzo88 > 2 weeks ago | Report Abuse

Ya, the price is way below its IPO price, Mikecyc

Posted by Eggplant > 2 weeks ago | Report Abuse

That's bad ... https://theedgemalaysia.com/node/736822

Posted by GLNT > 2 weeks ago | Report Abuse

Finally, get it over and done with. No more negative news is pending. Stock can start flying. Please sell all your holdings for me to accumulate. Terima kasih

Posted by chamlo > 2 weeks ago | Report Abuse

So LHI must pay >RM 80 million in fine?
https://theedgemalaysia.com/node/736822

Posted by SMInvest > 2 weeks ago | Report Abuse

GLNT@ hold tight

Posted by ckwee168 > 2 weeks ago | Report Abuse

In consultation with its external legal counsels, the Company’s wholly owned subsidiary, LFM will file an application for leave to institute judicial review proceeding against the CAT Decision on Stay and seek an ad interim stay order in relation to the MyCC’s Decision requiring payment of the financial penalty.

LHI is now taking the case to Court to appeal against the Tribunal's decision; and to seek Court's intervention to "put on hold" the order for immediate payment of the fine imposed ..

Posted by supersaiyan3 > 2 weeks ago | Report Abuse

在這個事情上，他們的麻煩還不止如此。

Posted by speakup > 2 weeks ago | Report Abuse

LHI already made impairment in Q1 results, so what's the issue now?

Posted by warchest > 2 weeks ago | Report Abuse

U see the free cashflow every quarter. one quarter also more than enough to pay the settlement. For LHI, it's easy peasy

Posted by Ravetidus > 2 weeks ago | Report Abuse

@speakup, not good to mislead fellow investors, this is a penalty (fine), there is no impairment per say, this amount previously was disclosure as a contingent liability but now since they lost the appeal, will be reflected in the coming quarter results

Posted by cheated > 2 weeks ago | Report Abuse

Why down 4 sen today if like nothing happened?

Posted by cheated > 2 weeks ago | Report Abuse

What if the fine keep continue and not 1 off? Flood in many places sure govn need money.

Posted by trader808 > 2 weeks ago | Report Abuse

1. All these while since 2023 when the appeal proceeding is still on going, Leong Hup has treated the legal penalty as a Contingent Liability. Hence it is placed and categorized as an off-balance sheet item.

2. when it is place as an off-balance item, the penalty and payment is assumed to be 50%/50% chance and hence payment is only considered possible -> Disclose a contingent liability.

3. Last Friday LHI in its filing with Burse confirmed CAT has rejected its appeal and uphold the MYCC verdict and the payment of 157m penalty.
When this happened, the penalty has become greater than 50% and the payment is highly probable.

4 Going forward LHI may have to respect the verdict, recognize the penalty and makes a provision and charge it against profits in P/L accounts.

5 Despite the decision, the Company together with its legal team still try their best with determination to downplay the situation. Actually, the legal notice by MyCC has been issued since 2023, but Leong Hup has continued to disclose it only as a contingent liability up to the latest quarter.

6 IMPORTANT NOTE (in December 2024 latest news):
Competition Appeal Tribunal (CAT) has rejected the request by LHI's subsidiary, (LFM) to pause or temporarily stop ("stay") the enforcement of the fine. This means that as of now, LFM is STILL REQUIRED TO PAY THE PENALTY.

7LHI in its filling with Bursa again to inform investors it intends to seek another type of temporary relief known as ad-interim to stop the enforcement of the fine while the review is ongoing. There is no guarantee that the review is forthcoming.

8 In my opinion, the payment of penalty seems highly probable now considering the latest news and decision by CAT. Auditors are RISK-AVERSE and will definitely require a provision to be recognized in the coming quarter results. In the end as much as we may not like it but a fall in profits by the provisional amount of RM157m is reasonably expected.

9 This has been a disturbing news for LHI and Market has reacted somewhat negatively. It is now traded at 60sen down 4 sen.

10 This is my personal perception and opinion on LHI.
This is not a recommendation to buy or sell and much less intended to influence your strategy and decision.

11 Happy trading
9/12/2024

Posted by Chipee > 2 weeks ago | Report Abuse

Go to high court just like GRAB against MyCC. GRAB won the case. So this is expected with LHI to all the way to High Court.

Posted by warchest > 2 weeks ago | Report Abuse

we have precedent like the case of Grab. LHI just need to file in application of judicial review with Court of Appeal. Eventually Grab won. Just keep fighting

Posted by Ravetidus > 2 weeks ago | Report Abuse

refer to the evidence shared by MyCC (including messages), then only u can make informed decision

Posted by GLNT > 2 weeks ago | Report Abuse

Share buybacks incoming. First time ever in history

Posted by Chipee > 1 week ago | Report Abuse

Have to see the context of the messages. Peers in any industry always in communication. If their conversation is about cost of corn and soybeans are going up. That's just stating facts. As peers and also competitors, conversation on HOW MUCH they are increasing their price is like revealing their secret and no experience business people will do especially on commoditize products. Pricing is their advantage.

Ravetidus

refer to the evidence shared by MyCC (including messages), then only u can make informed decision

Posted by GLNT > 1 week ago | Report Abuse

Share buybacks everyday, following Shin Yang?

Posted by Eggplant > 1 week ago | Report Abuse

PPB has filed judicial review against MyCC. How about LHI ...?

Posted by markgold > 1 week ago | Report Abuse

Be greedy when others are fearful.

Posted by warchest > 6 days ago | Report Abuse

It is undervalued. They have the regional exposure not only in Malaysia but all the major jurisdictions in ASEAN, catering over 700mil population. just started their share-buy back but already purchase >5mil shares - more to go. Even the worst outcome - they need to commit to the fine of RM155mil, within a quarter they already settled it with their strong free cashflow

Posted by protoking > 6 days ago | Report Abuse

big big selling pressure, see whether they can withstand

Posted by GLNT > 5 days ago | Report Abuse

Boss happily buys 3mil shares everyday

Posted by Eggplant > 4 days ago | Report Abuse

The company buys back shares, not the boss

Posted by SMInvest > 4 days ago | Report Abuse

There are many benefits to a company buying back its own shares, including:
Increased earnings per share (EPS)
Repurchasing shares lowers the capital base, which increases EPS. This can make a company's earnings growth appear better than it actually is.
Higher dividend yield
After a share buyback, a company can benefit from a higher dividend yield.
Attracting new investors
A buyback can boost a stock's EPS, which can reduce its P/E ratio. This can make the stock appear more attractive to new investors.
Rewarding shareholders
A buyback allows a company to return money to shareholders, especially if the company believes its shares are undervalued.
Tax efficiency
A share buyback can be taxed at a lower rate than dividends.
Defense against hostile takeover
A company can use a share buyback to create a defense plan against a hostile takeover.
Offsetting stock-based compensation
A company can use a buyback to cover up stock issuance to managers, which dilutes shareholder ownership.
Efficient use of cash
A company with substantial cash reserves can efficiently use its money by buying back shares.

Posted by stevenckheng > 3 days ago | Report Abuse

so much treasury share, gonna issue bonus and warrant ?

Posted by speakup > 3 days ago | Report Abuse

Likely share dividend coming

Posted by Chipee > 3 days ago | Report Abuse

Share dividend will not subject to 2% tax right?