硬战fiamma （part 2）看不见的手

我很喜欢adam smith在《国富论》以《看不见的手》一词来形容资本主义竞争模式
fiamma这五年净利CAGR为18%左右，它成功背后看不见的手或许就是casa holding limited

【casa holding limited】
～持有25.53% fiamma母股，同时持有 34.35% fiamma可转换母股债卷
～于20/9/1995年在新加坡SGX上市
～casa holding limited除了持有fiamma，在外国还有很强的销售网络
～casa holding limited透过fiamma进军我国市场

有兴趣研究casa holding limited，可以从SGX下载casa holding limited 的年报

【我把casa年报的里头的重点分享出来】

1）Despite the challenging and competitive environment, the Group’s electrical appliances distribution businesses in Singapore and Malaysia have remained relatively stable.

注解：尽管市场充满竞争与挑战，集团预见马来西亚和新加坡电器贸易市场相对稳定

2）For the coming year, we intend to continue to explore emerging markets for our home appliances business with our venture into Morocco to expand our distribution channels. To further expand our operational capacity and to lower our operation and distribution costs, we have purchased a piece of land in Johor, Malaysia with the intention to build a warehouse for future capacity expansion.

注解：
～公司探讨，透过和morocco联营，进军新兴家庭用品市场，以加强公司批发管道
～为了增加运作产量，和降低运输成本，公司已经在柔佛，马来西亚买下一片土地
～并有意兴建仓库以作为未来扩大生意规模

3）Whilst we expect the increase in government housing to be completed this year, the competition remains keen. In order to diversify our business, we propose to diversify into residential property development with the acquisition of land to be developed in 4 phases in the Iskandar region in Malaysia. The proposed diversification and acquisition of the land is subject to shareholders’ approval.

注解：
～多项政府房屋计划会在今年完成，市场竞争依然激烈
～为了把公司生意规模多元化，我们已经提议进军房地产业务
～例如买下位于iskandar地区的地皮，并计划在未来把土地化分4个阶段发展成为住宅区

【后语】
fiamma拥有优质的管理层，未来投资方向非常明确。从公司管理层开始部署购地建仓库，减少运作开销，并进军发地产，我几乎可以断定，fiamma的净利将会在未来两年出现大幅度增长。

名人金句：糖王郭鹤年名言： 做生意要有胆量，如果每次胆量都太小，永远是穷人。

共勉之

Claims will be made against loss of business interruption.
Congrat Latitud shareholder... tomorrow surge high again...

At the current price.. Latitud still very cheap...
Assuming Latitud can get a EPS of 0.7 this year (conservative)..
PE 8 = RM5.60.. PE 10 = RM 7.00

Cindylim.. Don make false statement to mislead la..
Kindly check the PE for homeritz at current price which is more than 8.. And the History PE for all furniture counters..

No more riot in vietnam.. and the quarter report is coming soon.
Assuming Latitud can get a EPS of 0.7 this year (conservative)..
PE 8 = RM5.60.. PE 10 = RM 7.00

More than 100% potential uptrend..

Latitud shareholders, ready to rock on next week?

Still more good news coming.. Many of the employees already back to clean the mess including Latitud.. Think can resume their production latest by next monday

this is very personal question.. Later u ask deeper and deeper and want to get my phone number then how oh ：)

Saltedfish., cause I holding lots of latitud ah.. Somehow see lots of fella here blow bad with nonsense then I just created an account.. To counter.. Hope u don mind if u don like new ID

Cindylim.. U go and ask around how many retailer bought and sold today for this counter..
If institution sold today.. Then won't bounced back to 2.9 from 2.78 d.. Today closing should be 2.6.. Cause today all retailer panic sell.. Who going to catch instituon knife? Maybe bigger institution

The affected area managed by singapre company.. And got many Singapore companies operate there.. Singapore companies will let this area stop for non production for long time?

The fact is most of the little retailer panic sell today... Can get the sentiment from above.. Haha.. But do they think about who bought their shares today?

They have five factories in Vietnam.. Now only one kenal minimal affected.. still got four factories not affected
and those already sold Latitud come to blow here saying how bad latitud will be.. funnly

how chonghai calculate loss of production capacity of 10%..
and Damacai saying that 2nd & 3rd quarter result will be badly affected..

hahaha

1)"Production facilities were not affected"
2)"The Company’s other subsidiary, RK Resources Co Ltd, is not affected"

They even can start the production tomorrow.. see whether they want or not.. Even if the affected subsdiary can't resume the production immediately.. RK Resources Co Ltd & other subsby in other country can cover the order..

Please remember latitud not running the production capacity at 100%.. still long way to go.