Hey All,

Is anyone here looking at LIIHEN?
Its EPS for 2009 is almost 27, compare to 2008 only 9.
Also, it give twice dividend in 2009 which is 9 cents in total.

Any comment?

Q-o-Q shows declining revenue and profit. So be cautious

you are right. Thanks for your advice. I'm waiting for its next quarter result before making the decision to jump in or not.

Time to revive this thread. I personally think 2.8x is a good entey price, with potential 30% upside (estimated based on the organic growth and P3Y finance performance). Good for dividend collection as well. Not a buy call, but hidden jewel.

eyeing on this now

Did you collect?

I picked some up @ 3.4. It looks relatively cheap now compared to a few months ago when there was a hype on furniture stock.

With the current lockdown, furniture company is not operating. Based on recovery plan it will be somewhere in end July or August. Escalating freight cost is another cost. I would monitor first for now.

I collected abit when it dropped. Good stocks with solid FA, unfortunately the cost price has been increasing recently, making their profit margin dropped.

The recent FMCO announcement also affected their production capacity.

Q2 will be bad. Company is in net cash position and with the re-opening up of the US, its biggest export market I think LiiHen is in a good position. However we will need to adopt a wait and see approach due to the MCO that is currently imposed. We are unsure when LiiHen can start to operate back.

ya, in terms of FA it is good, but prospect wise abit uncertain, let's see how it will go

This is my long term holding stock. But sold off last week and monitor to re-entry after lifting of MCO.

furniture stocks can be highly cyclical..
also many listed competitors in Bursa..
I don't see much growth / future prospects ..
one must ask, what is the TAM for furniture stocks?

furniture companies is a cyclical industry. They benefited from the china us trade war since a lot of china products are banned during that time. When US slowly lifted the ban on some low tech goods, local furniture revenue will drop.

the ocean freight cost are too high, customer keep extend the delivery date