LEE SWEE KIAT GROUP BHD

KLSE (MYR): LEESK (8079)

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Last Price

0.915

Today's Change

+0.005 (0.55%)

Day's Change

0.91 - 0.915

Trading Volume

690,400

Entitlement

Upcoming

Happening

Ann. Date Ex Date Type Subject Amount
Discussions
7 people like this. Showing 50 of 1,988 comments

Begineer

any news on the cuckoo mattress collaboration? when will they launch the product?

2021-03-12 17:10

Superb99

this counter like very slow, too little volume

2021-04-21 09:37

Superb99

0.975...gg.com

2021-04-21 14:22

Superb99

snail counter, same like SAPIND...little volume every day

2021-04-22 15:20

Rwkl

From the cover of the AR, is the subject on the mattress comes along with the lease?

2021-04-25 00:03

Superb99

Can tabao liao

2021-04-26 18:05

Superb99

Lesson learned, stay away from low volume counter like this leesk...pui

2021-04-27 09:26

ANYU

该让时间告诉我们。

2021-05-09 09:42

Superb99

1 day only 100 over lots are traded and price is so flat

2021-05-18 14:52

Shadow Fiend

AGM highlights:
1) domestic sales are very encouraging but cannot confirm the effect of MCO 3.0 which may affect it temporarily,
2) export sales are also good but due to rising of ocean freight cost, some customers may delay the import for awhile,
3) sales derived from Cuckoo just started at end of March 2021 and target sale is 10k-14k mattresses in 2021,
4) even with rising of raw material costs, leesk able to pass it to customers,
5) acquired automation machines in 2020 which can increase capacity but pending foreign technician to fly over for commissioning,
6) bought 8 units of dormitories for foreign workers to comply ESG,
7) production is running at full capacity but MCO 3.0 limited 60% of workers may affect it in short term.

2021-05-24 10:56

Superb99

Up a bit then go again

2021-05-25 11:30

Superb99

thus rubbish counter can tabao liao, positive result but longkang price

2021-05-25 17:39

Superb99

686 lots and price below 90 cents again...this BOD is sleeping

2021-05-27 14:54

Superb99

This lc counter sure gap down again next week

2021-05-29 20:35

Begineer

will it continue to drop?

2021-06-03 16:49

Superb99

Most likely yes, keep breaking support and so far no sigh of rebound...this counter is very quiet, not many people playing

2021-06-04 21:40

Superb99

this is really a LC company

2021-06-08 17:12

Begineer

wao... will drop till???

2021-06-16 16:54

Superb99

i cut half d, so far the price is still not supported plus poor market sentiment...most likely it will drop further....just my personal view

2021-06-16 17:23

KL_82

Time to top up :)

2021-07-03 10:49

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 ?

2 months ago

daretocutandchange

l sold too early around 1.03

2 months ago

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

1 month ago

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

1 month ago

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?

1 month ago

hom3boy

delay release report ???

1 month ago

G-boy

special dividend!!!!

1 month ago

MACD

dividend 3.5 sen !

1 month ago

MACD

support 1.02 still not broken

1 month ago

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

1 month ago

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 ? 😅

1 month ago

siongkhoon

bonus issue 1:2

1 month ago

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

4 weeks ago

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