LEE SWEE KIAT GROUP BHD

KLSE (MYR): LEESK (8079)

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Last Price

0.975

Today's Change

-0.015 (1.52%)

Day's Change

0.97 - 0.995

Trading Volume

699,300

Additional Listing


Ann. Date Date Type Units Price View
Discussions
8 people like this. Showing 50 of 2,005 comments

risktoreward

enter @ 0.94

2021-09-15 09:03

risktoreward

add @ 0.92

2021-09-15 21:33

thesteward

Leesk Cimb high target

2022-01-13 16:17

thesteward

If can close at 84/85 then looks bullish

2022-01-13 16:18

rikki

On track for record earnings in 2022F - Target Price RM1.84

■ We view LSK as a proxy to the recovery in consumer spending, backed by: i)
higher mattress sales, ii) price hikes, and iii) higher economies of scale.
■ We expect LSK’s collaboration with Cuckoo Malaysia to propel its profitability
to new heights going forward, with more marketing activities expected.
■ LSK’s valuation is undemanding at 5.5x CY23 P/E, an 81.6% discount to our
discretionary consumer sector’s mean CY23 P/E. Reiterate Add.

Witnessing a rebound in local sales since 4Q21

Since the gradual lifting of lockdown measures starting Oct 21, LSK has been witnessing
a strong rebound in sales in the local market. This is in tandem with the reopening of its
retail outlets, as well as more large-scale furniture fairs and exhibitions being held. On top
of that, we gather that LSK has seen a surge in mattress sales in areas affected by the
recent floods. Supported by the price increases effective 1H21, we expect the higher sales
to translate into margin expansion for the company from 4Q21 onwards.

Sales of A-series mattress in 2021 affected by lockdowns

While LSK aimed to sell 12,000 A-series mattresses (sold under LSK‘s collaboration with
Cuckoo) in 2021F, sales likely fell short (estimated to reach only 7,000, which is in line with
our estimates) due to the impact of various lockdowns throughout 2021. Nevertheless, we
take comfort that sales in May 21 (prior to the implementation of a full movement control
order [FMCO] in Jun-Sep 2021) was an encouraging 1.5k units.

Still optimistic on prospects of collaboration with Cuckoo

We remain optimistic about LSK’s collaboration with Cuckoo International. With the lifting
of lockdown measures and supported by better consumer sentiment and more marketing
activities, LSK is confident of achieving sales of 20,000 units (+185% yoy) in FY22F. In our
view, the rental model (with low initial purchase cost) offered by Cuckoo-LSK when
purchasing A-series mattresses could also be an attractive proposition to buyers amid the
current subdued consumer sentiment. Note that LSK expects contributions from its
collaboration with Cuckoo to contribute at least 20% of its turnover from FY22F onwards.

Net cash position will support attractive dividend yields in FY23-24F

As at end-3Q21, LSK has a net cash position of RM5.6m. With no major capex planned in
FY22-23F (flat at RM3.5m for FY21-23F), we expect its robust balance sheet to support its
dividend payouts (45% for FY21-23F). With an expected rebound in earnings, mainly in
FY22-23F, this could translate into solid dividend yields of 2.9-8.3% for FY21-23F.

Reiterate our Add call

We make no changes to our FY22-24F EPS forecasts. We also keep our Add call and TP
of RM1.84, based on 13x CY23 P/E, in line with its 5-year mean. We continue to like LSK
for its: i) defensive business (resilient demand for beds); ii) attractive valuation (5.5x CY23F
P/E); and iii) strong fundamentals (high ROE and net cash position). Re-rating catalyst: a
spike in sales volume and higher-than-expected sales from its collaboration with Cuckoo.

CGSCIMB Research January 12, 2022

2022-02-17 11:15

hom3boy

Anyone comment ..

2022-04-07 16:09

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

P/E Ratio (TTM)
16.20(04/07/22)
EPS (TTM)
RM0.05
Market Cap
RM129.40 M
Shares Outstanding
N/A
Public Float
155.91 M


Revenues and profits have been up and down during the last 5 years. Given this lack-lustre consistent growth, it is not a company that for holding for the long term.

The share price has traded over a range and this might be of interest for short term players.

2022-04-07 16:42

investortrader88

My average price RM0.74.will continue to hold.good luck guys.

2022-05-24 09:44

Battleman

Come back after a year, seems some improvement in company performance

2023-03-24 23:22

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Security LastPr PE DY% Divcts ROE ttm-marg
LEESK (Household) 0.76 9.79 4.6 3.5 17.64 10.1

2023-03-30 16:15

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Ratios & Margins Lee Swee Kiat Group Bhd
All values updated annually at fiscal year end
Valuation
P/E Ratio (TTM) 9.31
P/E Ratio (including extraordinary items) -
Price to Sales Ratio 0.91
Price to Book Ratio -
Price to Cash Flow Ratio 7.00
Enterprise Value to EBITDA 6.14
Enterprise Value to Sales 0.85
Total Debt to Enterprise Value 0.12
Total Debt to EBITDA 0.69
EPS (recurring) 0.08
EPS (basic) 0.08
EPS (diluted) 0.08
Efficiency
Revenue/Employee -
Income Per Employee -
Receivables Turnover 8.08
Total Asset Turnover 1.19
Liquidity
Current Ratio 1.77
Quick Ratio 1.31
Cash Ratio 0.69
Profitability
Gross Margin -
Operating Margin +9.12
Pretax Margin +11.95
Net Margin +10.10
Return on Assets 12.02
Return on Equity 19.67
Return on Total Capital 14.73
Return on Invested Capital 17.67
Capital Structure
Total Debt to Total Equity 17.50
Total Debt to Total Capital 14.89
Total Debt to Total Assets 10.80
Interest Coverage 21.83
Long-Term Debt to Equity 9.33
Long-Term Debt to Total Capital 7.94
Long-Term Debt to Assets 0.06



Dec 2022
Cash & Short-Term Investment 23.43 M
Total Debt 12.36 M
Total Liabilities 43.65 M
Total Shareholder's Equity 70.61 M


KEY STOCK DATA
P/E Ratio (TTM)
9.31(04/20/23)
EPS (TTM)
RM0.08
Market Cap
RM121.32 M
Shares Outstanding
N/A
Public Float
155.91 M

2023-04-23 18:33

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

LEESK Financial Information
Market Capital (RM) : 125.86m
EPS (cent) : 7.76
Business+ : Member Only
Number of Share : 167.82m
P/E Ratio : 9.66
YoY Score : Member Only
TTM Revenue : 129.02M
ROE : 17.64%
QoQ Score : Member Only
TTM Profit : 13.03M
Dividend (cent) : 3.500 ^
Debt/Asset Ratio : Member Only
TTM Profit Margin : 10.1%
Dividend Yield : 4.67%
Net Cash (RM) : Member Only
CAGR - Revenue : 11.5%
Dividend Policy : Member Only
Net Cash/Share (RM) : Member Only
CAGR - PAT : 16.7%
Dividend Payout : Member Only
Equity Growth : Member Only
NTA (RM) : 0.440
P/B Ratio : 1.70

2023-04-23 18:38

i4value

Post removed.Why?

2023-05-27 15:14

Michael Kwok

Price 75-78(buy on weaknesses)
Tp rm 1-rm 1.10(Medium term 6 month below)
17/6/23 11.30pm
****I come then it will up😀😀😀

2023-06-17 23:30

mlmkcomic

I carried out an analysis of the performance of the Bursa furniture sector over the past 13 years and this company was one screened for further investigation. If you want to see the details of the sector or the analysis of LEESK go to my blog.

2023-07-09 10:00

Dehcomic01

Check out this YouTube analysis of the furniture sector https://www.youtube.com/watch?v=J--jjPbrc6I

2023-08-23 11:28

Battleman

why this counter suddenly price shooting up? any good news coming soon ?

2024-01-22 14:00

daretocutandchange

l sold too early around 1.03

2024-02-11 15:59

Matccom

@ Michael Kwok
respect your sharing even though I was not involved in this counter.😙😄😄😄😀

Price 75-78(buy on weaknesses)
Tp rm 1-rm 1.10(Medium term 6 month below)
17/6/23 11.30pm
****I come then it will up😀😀😀


2023-06-17 23:30

2024-02-16 17:51

James Ng

[转贴] [Video:浅谈LEE SWEE KIAT GROUP BERHAD, LEESK, 8079] - James的股票投资James Share Investing
https://klse.i3investor.com/web/blog/detail/general/2024-02-16-story-h-188393975

2024-02-16 20:58

pinetree88

Bought in 1.16 today. Daily vol >2mil shares looks good and seems continued strong buying. Think their FY result should be reporting this wk. Any predictions or comments on their FY results?

2024-02-19 15:42

hom3boy

delay release report ???

2024-02-22 18:05

G-boy

special dividend!!!!

2024-02-27 22:45

MACD

dividend 3.5 sen !

2024-03-09 05:50

MACD

support 1.02 still not broken

2024-03-13 06:18

speakup

small caps are all dropping but big caps especially CI components are artificially supported by epf, pnb, khazanah, kwap to make malaysia look good to foreigners

2024-03-13 07:46

MACD

hi @speakup ,if you dont mind sharing,,, this stock is small cap or big cap overall ? let say leesk compared with minetec , leesk market cap for today 177.85 m and price 1.06 while minetec 258.794 m and price 0.145, does the price play any role here ? so which ones is bigger cap ? 😅

2024-03-13 20:06

siongkhoon

bonus issue 1:2

2024-03-14 16:02

trader808

1. Lee SK has a string of corporate exercises. In addition to the 3.5sen cash dividend and one for 25 dividend in species it has again on 14/3/24 announced in is filing with Bursa to reward its long term shareholders with a bonus issue. For every 2 existing shares you will be rewarded with 1 bonus share on a date to be determined subsequently.

2. Despite the positive news, share price did not move much yesterday. Where do we go from here?.
3. LEE has EPS of 8.13sen say 8sen. Before the announcement of cash dividend, share dividend and bonus shares the price was 70sen. Hence, the PE multiple then was 9x. Share price usually trade in advance of fundamentals and it has gone up to 1.20 leading up to its filing with Bursa. At this price ,the PE was 15x

4. It gradually retracted and upon announcement yesterday share price did not move much and close at 108 and a PE multiple of 13x.

5. What will happen next?
The company now has issued and paid up capital of 167m shares. Upon completion of corporate exercise, the issued capital would enlarge from 167m+6.7m+86.8m =260m shares.
6. The company last year made 13.6m net profit. To ascribe a future value for Lee, let's assume the company is able to sustain an earning growth by 25%. Therefore the year end profit will be 13.6 x1.25 =17m
7. Hence, the EPS post bonus would be 17m divided by the enlarged capital 260m is equal to 6.8sen

8. Now, A PE of 10x would price it at 68sen and PE of 11x would value it at 75sen post bonus.

9 with this line of reasoning, we can logically assign a pre bonus value to the shares calculated in this manner.
If the PE is 10x simply take (68 x3)/2=RM1.02
if the PE is 11x simply take (75x3)/2= Rm1.12

11. LEE sk closed at 108 yesterday. In my opinion, it is fully value.

12. This is my personal and layman perception of the corporate exercise and its impact on share price. It is not intended to influence your investment decision and strategy.

13. Have a good day and happy trading
15/3/24

2024-03-15 10:02

curiousq

This is a very exciting stock ... for brave heart only 😃

2 months ago

curiousq

NOSH 168 Million

Very easy goreng stock 😄

2 months ago

Michael Kwok

Lws 93 cents.
Let see in below 90 cents a while,then consider.let see before mid 15 mei look like.
Add me or paid(to give direction)
24/4/24 4.02pm.

1 month ago

abcb

EGM on 27/05/24 to vote for bonus issues

1 month ago

Jack888

Go for leesk uptrend now...resistance should be 1.02

1 month ago

Jack888

Bonus issue coming soon ???

1 month ago

curiousq

Proposed Bonus Issue of up to 83,907,852 New Ordinary Shares in Lee Swee Kiat Group Berhad ("LSK") ("LSK Shares" or "Shares") ("Bonus Issue") on the basis of 1 Bonus Share for every 2 Existing LSK Shares held on an Entitlement Date to be determined and announced later.

Date of Meeting 27 May 2024
Time 11:00 AM

1 month ago

LonePos

Still got potential to go up, up, up?

1 month ago

yongyong88

bonus coming after egm? future looks bright.

1 month ago

yongyong88

Anybody knows the outcome of the EGM this morning?

3 weeks ago

Bullhunter

time for bull to rest... hopefully not too long....

3 weeks ago

yongyong88

no news is bad news... back to below rm1....

3 weeks ago

Michael Kwok

Leesk 99.5
If still maintain 96 cents
2-3 trading days,it should be ini kalilah
Rm 1.30-rm 1.40
6/6/24 12.20am

0Come to join me.situation very critical.u need some advice and tweaking.
4 as below;
I)teach some
II)shares review every one or 2 weeks
III)share recommendation or ask to buy or sell share u have.
IV)tell u shares to avoid if overbought (mainly people no knowledge)
Bro Michael(with ang pow picture) in FB. Charging rm 150 per month. Go to see how many follower then u know i good or not.now over 240 followers;6000 above comments.
Many had more comments but less followers.go to see michael kwok in nexgram counter.then find my name and click.

2 weeks ago

curiousq

Entitlement subject Bonus Issue
Entitlement description Bonus issue of up to 83,907,852 new ordinary shares in Lee Swee Kiat Group Berhad ("LSK") ("LSK Shares") ("Bonus Shares") on the basis of 1 Bonus Share for every 2 existing LSK Shares held as at 5.00 p.m. on 25 June 2024 ("Entitlement Date")

2 weeks ago

yongyong88

buy now to get bonus shares. buy n hold for next dividends.

1 week ago

Bullhunter

Downtrend before bonus. Long term buy for next qr. Expected increased profitability as economy recovers. If not keep using old mattess ....

1 week ago

carilembu

four straight downtrend, break resistanace 1.00, next stop 0.90c. Sleep until bonus time on Englander matress and after bonus more downtrend.....

1 week ago

carilembu

LSK has acquired from 0.95 to 1.01 last month. Ride with him ...

1 week ago

yongyong88

Buy now before bonus ex-date, and hold for next qr results. Expected improved profits and better price increase and dividends next year. Long term investment.

4 days ago

carilembu

Make money here can change your old mattresses to Englander mattresses.😀

4 days ago

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