Koon Yew Yin's Blog
Latitude Tree - Koon Yew Yin
Koon Yew Yin
Publish date: Sun, 22 Feb 2015, 12:02 PM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
As you know, there is so much publicity on property development companies. As a result, almost all property shares are fully valued. Fortunately very few analysts cover the furniture business.
As I have been accumulating Latitude and became a substantial shareholder a few months ago. To satisfy my own ego, I have been telling all the people I know to buy. As shown on the above chart, the price has risen from Rm 1.00 to Rm 5.30 within 18 months.
Of course, many have sold and laughed all the way to the bank and many also ask me if the price will continue to rise, bearing in mind that since its 2nd Q result announcement on 12th Feb the price went up 24 sen and 30 sen in the last two trading days respectively. WHY?
Its 1st Q EPS was 17.12 sen and 2nd Q EPS was 28.19 = 45.31 sen.
As 100% of its products are sold outside Malaysia and due to our Ringgit weakness, I believe its 2nd half year profit will be as good as the 1st half, if not better. Its full year EPS will be about Rm 1.00 which you will know for sure it in about 6 months. Latitude is the largest furniture manufacturer in Malaysia with more than 20 years of experience. It has 3 factories in Johore, 2 factories in Vietnam and one in Thailand. The last closing price was Rm 5.30 at about P/E= 5. With such good profit growth prospect, I think it is still cheap.
Koon Yew Yin 21st Feb 2015
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Discussions
Be the first to like this. Showing 50 of 84 comments
Posted by fortunebullz > Mar 7, 2014 07:19 PM | Report Abuse X
Latitud is clear winner in furniture stocks! However, Hevea is another fat margin counter to consider! Latitud will go and breach RM3 totally expected but if you want fat margin of RM1, go for Hevea!
Answer : Almost a year ago, Latitud was only 2.50 when I made my buy call and Hevea was 1.20! I won't dare to buy Latitud at current price! The safest furniture stocks to buy are Pohuat and Homeritz!
2015-02-22 19:39
Thank allah for us who came here to expose KYY 'noble' intention. How many new victims if not for us who dare to speak. Where are KYY supporters who were so protective of him?
2015-02-22 22:01
Guys, if you think is not right to buy latitude, don't buy ....if the shr goes up the next two weeks don't complain and if the shr goes down next two weeks also no need to complain. Easy isn't it??
2015-02-22 22:08
Latitud gone up 100%, still want to buy? Ask KYY to buy then. Don't koon new victims to buy from him.
2015-02-22 22:14
If Latitud drop 60%, sue KYY. Make him sing agreement before you buy Latitud from him. Pump and dump...already reminded last week about 'noble' KYY intention. Today you see he is back to koon us again.
2015-02-22 22:18
When it went up no one sell but atTack him when down. What a bunch of superheroes. Should atTack those who write a bunch of rubbish
2015-02-22 22:19
When you guys get to 82 and in your life you hadn't really helped anyone don't look back with regrets. If you still have strengh at that age to con ppl and yet do charity, then and only then you talk. That is if you can live till 82 to help and be noble
2015-02-22 22:24
No need to talk like that Murali....what lesson to learn here is not to be greedy and no one can predict prophecy and outcome 100%. If you make rm1 and still not happy to sell isn't that greedy
2015-02-22 22:32
Lessons to be learnt here is dont treat others like idiots n try to fool with the same monkey trick again n again
2015-02-22 22:37
Guys you are all gullible, it is not abt KYY stock recommendation but UMNO trooper here because KYY is anti Barisan. Don't fall into this trap!!!!!!
2015-02-22 22:37
If you know KYY is asshole, don't follow him but don't be an instrument for the UMNO troopers to whack him
2015-02-22 22:39
I m nobody to advice anyone in a free forum but don't be used by UMNO troopers.
2015-02-22 22:44
Even if you don't like politic, please don't attack a man because of his political allegiance, more so this is Lunar New Year lah
2015-02-22 22:45
Let us hv peace and focus on the money.....politics and racial hv no place here.
2015-02-22 22:47
Lets analyse based on the fact as per financial reports, the 31.9% top line growth in FY 14 was mainly contributed by Vietnam market. The 1st half of FY 15, the revenue growth is less than 1% compared to previous year.
In other word, the explosive growth in revenue cannot be repeated in FY 15. The growth in PATAMI margin 9.29% to 12.07% for the 1st half of FY 15 was mainly to the group restructuring done in FY 14 which have reduce the minorities share of the profit drastically.
Latitude historical P/E for the past ten years is in the range of 3 to 6. At current price of 5.58 per share, even if the EPS has gone up to RM 1 (since its first half of FY 15 EPS is 45.31 sen per share) its P/E will be around 5.
The upside of Latitude price is limited unless there is further upside of its top line growth.
2015-02-22 23:04
Don't discount the possibility of a massive share split plus bonus issue to unlock value. Price could shoot up RM1 in a single day
2015-02-22 23:27
Posted by miapancho > Feb 22, 2015 05:25 PM | Report Abuse
OTB please can you give me the link of investtalks? ?
Ans : I do not know the link. My articles were requested by Mr Jimmy of Ivestalk. Jimmy told me he posted my articles there. Many members of Ivestalk become my subscribers when they told me they made a lot of money from my articles on Hevea, Hevea-WB, Latitud and Liihen.
Sorry ! I cannot help you.
Thank you.
2015-02-23 00:20
Conclusion:-
1. Buy high sell higher -- what is the probability?
2. Buy high sell low -- what is the probability?
3. What is the probability that you will make 10% with current entry price?
4. What is the probability that you will lose 10% with current entry price?
5. If 50-50, you might want to go up Genting to try your luck with 大小 !!
2015-02-23 00:21
R Moi, u think he will answer u meh? pack bags and lari liao. same case happened in JayaTiasa last time. There is no such thing as "noble intentions" to help other small traders. remember its a dog eat dog world outside
2015-02-23 14:53
I praying for Latitude to do what Wellcall did. Give a bonus issue and split the share into 4.Then the price will shoot. Notice at regular intervals this counter moves upwards. Hopefully this exercise will come
2015-02-23 15:00
k's cost for mudajaya was low for sure
k was in the position to have privileged infor
2015-02-23 15:39
carefull with koon this person is not sincere in his actions.. now he is trying to win the hearts of i3 site members, by recommending some stocks that are on definate uptrend, the last push...why he did not came openly and daringly earlier why now...very very fishy ma
2015-02-23 15:40
thought u didn't notice mah
still feeling bad for pissing you off
can forgive me or not ?
2015-02-23 15:46
Please be careful with Latitud. Judging from the fact that their revenue drop during Vietnam riot and revenue was flat for past few quarter, Latitud could be already running at full capacity. If you buy Latitud with hope for spectacular growth, you might be disappointed. EPS of 60 SEN a year could be the best Latitud can deliver at current capacity. The driver for Latitud would need to come from better dividend distribution or capacity increase. Capacity increase for manufacturing do not happen overnight. The cash flow for Latitud is still attractive but I believe the upside is very limited without other catalyst.
2015-02-23 16:43
chonghai i'm a fa follower also but pls bear in mind if the stock is being speculated ta is the best tool 2 execute the selling decision.historical p/e
can't be judge for the goreng or the theme stock(for example current situation is the export oriented stock)if the punter goreng the stock let say from 5,6,7,8,9,10 then bonus issue or share split like dsonic. small fish will be excited about the fancy price movement of the stock.they will ignore the fa side of the stock.
ok lets talk the fa side of the com i strong believe with the company currently venturing into upstream bus(laminated wood plant in klang and wood prosesing fac in vietnam)the net profit margin of the com will increase. if i look beyond 2015, i guess(personaly)turnover of be hit more than 700m next year plus 14%net profit(favorable foreign exchange)so eps 1.00 for the next year is reachable. let's time will prove itself. i'm the small fish who buy at 1.?? at oct 2013 and definitely not sell at the current level.
2015-02-23 23:13
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Eh, I thought you very chummy with him ? You two have common friends mah, remember ?
2015-02-22 17:54