Posted by newbie911 > 2018-09-27 22:38 | Report Abuse

But why poh huat is dropping?

Posted by Speedy Boy > 2018-09-27 22:41 | Report Abuse

I bet on Liihen!

Posted by Icon8888 > 2018-09-27 23:02 | Report Abuse

I everything also bought some. But biggest pohuat

Posted by Force > 2018-09-28 08:10 | Report Abuse

The Vietnam competitor increasing, mareial cost is a risk even coming qt based on history will good and usd better now.

Posted by Ocean2018 > 2018-09-28 08:16 | Report Abuse

why only malaysia furniture player got factory in vietnam, china dont have?

Posted by Beza > 2018-09-28 08:30 | Report Abuse

China has a lot of furniture factories in Vietnam till Poh Huat and Latitude Tree can't compete with them. You can read their QRs (Malaysian factories) mentioning that stiff competition with China factories.

Posted by value88 > 2018-09-28 09:20 | Report Abuse

If u look at PoHuat's quarterly reports, Malaysian operation is doing fine but Vietnam operation's performance is deteriorating, mainly due to stiff competition from new China furniture manufacturing plant there, and higher operating cost such as increasing labour cost in Vietnam.

The trade war may benefit furniture manufacturers in Vietnam as a whole, but I wonder how much it can help PoHuat's deteriorating Vietnam operation..

Posted by value88 > 2018-09-28 09:21 | Report Abuse

Anyway, the next 2 quarters are seasonal stronger quarters for PoHuat and strengthening of USD will boost profit. Thus, it is okay to hold and wait.

Posted by amiruul > 2018-09-28 10:05 | Report Abuse

http://shantawood.com.my/

Posted by Icon8888 > 2018-09-28 10:13 | Report Abuse

yes, correct. According to Latitude boss, China manufacturers flooded the Vietnamese market (competing for export clients) and drove down price in past quarter. Apparently pohuat suffered also

Posted by Beza > Sep 28, 2018 08:30 AM | Report Abuse

China has a lot of furniture factories in Vietnam till Poh Huat and Latitude Tree can't compete with them. You can read their QRs (Malaysian factories) mentioning that stiff competition with China factories.

Posted by Icon8888 > 2018-09-28 10:16 | Report Abuse

but all these should be a thing of the past already. With the US trade war cutting off closed to USD20 bil furniture export from China, Vitetnam based manufacturers (be it China or Malaysian owned) now have more orders than they can digest. The depressed pricing should be gone already

Posted by albert787378 > 2018-09-29 05:17 | Report Abuse

Icon8888 but all these should be a thing of the past already. With the US trade war cutting off closed to USD20 bil furniture export from China, Vietnam based manufacturers (be it China or Malaysian owned) now have more orders than they can digest. The depressed pricing should be gone already

Icon8888's comment is the most detailed and proper.expect furniture stocks to be darling stocks in late 2018.