RHONG KHEN INTERNATIONAL BERHAD

KLSE (MYR): RKI (7006)

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Last Price

1.23

Today's Change

0.00 (0.00%)

Day's Change

1.23 - 1.23

Trading Volume

5,000


9 people like this.

4,494 comment(s). Last comment by Dehcomic01 2023-07-27 09:47

ahbah

6,236 posts

Posted by ahbah > 2011-04-06 10:31 | Report Abuse

Latitude had produced a very good 1st half financial result of Rm11 million profit or 18 sen per share.

pyramidpoh

198 posts

Posted by pyramidpoh > 2012-09-26 15:40 | Report Abuse

overlook & behind the market value to be taken into consideration for long term investment.

Posted by Vincent_737 > 2012-12-09 22:30 | Report Abuse

coming...please on boat now.

JimYeoh

1,514 posts

Posted by JimYeoh > 2013-05-28 12:11 | Report Abuse

TP 1.20.. looking good now

Posted by cltung83 > 2013-11-08 00:51 | Report Abuse

Up..up...up

Posted by faberlicious > 2013-11-22 14:35 | Report Abuse

Dividend 6.3 sen single tier announcement either today or next week.Watchout.

Posted by faberlicious > 2013-11-25 11:33 | Report Abuse

Time to fly...............and 6.3 sen dividends,announcement this week hopefully. :-)

JimYeoh

1,514 posts

Posted by JimYeoh > 2013-11-27 14:01 | Report Abuse

sure will be out this week

JimYeoh

1,514 posts

Posted by JimYeoh > 2013-11-27 15:06 | Report Abuse

dividend + good qtr profit report soon

JimYeoh

1,514 posts

Posted by JimYeoh > 2013-11-27 18:28 | Report Abuse

6:27PM LATITUD 1Q net profit 14.604 million (increased 61.94%)

Posted by cltung83 > 2013-11-27 21:27 | Report Abuse

Up up up.

Posted by faberlicious > 2013-11-27 21:37 | Report Abuse

not up up up, but fly !

wng99

27 posts

Posted by wng99 > 2013-11-28 08:22 | Report Abuse

Grab a seat. Enjoy yr flight

JimYeoh

1,514 posts

Posted by JimYeoh > 2013-11-28 08:49 | Report Abuse

time to fly

JimYeoh

1,514 posts

Posted by JimYeoh > 2013-11-28 08:51 | Report Abuse

might announce the final dividend today or tomorrow..be ready

JimYeoh

1,514 posts

Posted by JimYeoh > 2013-11-28 09:01 | Report Abuse

Good start

JimYeoh

1,514 posts

Posted by JimYeoh > 2013-11-28 09:34 | Report Abuse

Hold steadily, more to come

wng99

27 posts

Posted by wng99 > 2013-11-28 10:39 | Report Abuse

Once announce...easily cross 1.50... cheers to every1 here

JimYeoh

1,514 posts

Posted by JimYeoh > 2013-11-28 14:54 | Report Abuse

wow..already cross 1.50

JimYeoh

1,514 posts

Posted by JimYeoh > 2013-11-28 14:57 | Report Abuse

looking forward to dividend announcement..

sklyte

2,621 posts

Posted by sklyte > 2013-11-28 15:34 | Report Abuse

pe 5 only..

JimYeoh

1,514 posts

Posted by JimYeoh > 2013-11-28 16:04 | Report Abuse

Good stock indeed.

JimYeoh

1,514 posts

Posted by JimYeoh > 2013-11-28 18:56 | Report Abuse

Final Tax Exempt Dividend 6.3 Sen

JimYeoh

1,514 posts

Posted by JimYeoh > 2013-11-28 19:10 | Report Abuse

dividend yield of 4% based on current price

chengyee

670 posts

Posted by chengyee > 2013-11-28 19:35 | Report Abuse

Is 4% considered high?

JimYeoh

1,514 posts

Posted by JimYeoh > 2013-11-28 22:10 | Report Abuse

I bought at 1.00 since sept this year

Posted by faberlicious > 2013-11-29 08:39 | Report Abuse

1st qtr eps 15 sens.If next 3 qtrs earn 15 sens (5 sens each qtr,just my own estimate) full eps next year would be at least 30 sens. My eps estimate for next year is very consevative,could surprise on the upside.With 25% payout next year's divvy would at least be 7.5 sens.Already this year's dividend payout is 100% more than last last year's 3 sen. All in all this is a good stock to invest in (for me at least !)

JimYeoh

1,514 posts

Posted by JimYeoh > 2013-11-29 09:06 | Report Abuse

new high 1.55

JimYeoh

1,514 posts

Posted by JimYeoh > 2013-11-29 09:17 | Report Abuse

1.57 now..should hit 1.60 soon..may profit taking kick in

Posted by faberlicious > 2013-11-29 09:20 | Report Abuse

Latitud shareholders must be very happy :-)

Posted by faberlicious > 2013-11-29 09:21 | Report Abuse

yeah,1.59 strong resistance

Posted by faberlicious > 2013-11-29 09:24 | Report Abuse

courtesy of matrixcool


Latitud broke out from the round bottom should have an immediate TP of $1.63 (Refer to my earlier post). The Gap support is at $1.35/$1.40 and strong resistance is at $1.59 (Gap Resistance).

minami

6 posts

Posted by minami > 2013-11-29 09:58 | Report Abuse

can long term to hold share?

Posted by faberlicious > 2013-12-01 09:25 | Report Abuse

Business Strategy and Future Plans

The United States remains the core market for the Group, accounted for approximately 92% of FY2013’s
revenue and the remaining revenue contribution were from other markets. In line with our expansion plans,
the Group plans to diversify into other export markets with high growth potential such as China, Russia, India
and Indonesia.

In order to strengthen the Group production facilities, the Group plans to extend further its business scope
upstream by leveraging on the area of material sourcing. With greater control over the material sourcing
process, the Group can better manage the quality as well as the stability of supply of raw materials.

| AnnuAl RepoRt 2013

Posted by faberlicious > 2013-12-01 09:27 | Report Abuse

Business Strategy and Future Plans (cont’d)

Research and development (“R&D”) is a cornerstone for the success of our business. The Group invests
considerable resources into developing new, innovative and attractive designs which are market and customer
driven. The R&D process is driven by teams of R&D employees geared towards producing a wider range of new,
innovative and attractive design products to help the Group to better meet the increasing customers’ demand
and expectation. Besides, we are also focused on achieving a more balanced product mix by increasing our
production of ODM products to avoid over reliance on OEM products. Since last year, we have increased
our ODM production ratio to 26% from 24% and will continue our future expansion to focus more on ODM
production.

In order to lessen the impact of the implementation of the minimum monthly wage policy of RM900, the Group
will continue to reduce the use of low-skilled labour and improve manufacturing processes by using more
automated and advanced technology machinery. The Group also plans to further automate certain production
processes and spray painting operations, with the ultimate goal of reducing labour.

As one of the leading manufacturer of household wooden furniture manufacturer in Malaysia and Vietnam, we
will continue to develop new products to enhance the Group’s current product offering. Notwithstanding that,
we will look out for and explore new investment and business opportunities.

Posted by faberlicious > 2013-12-01 09:44 | Report Abuse

Summary
Latitude Tree Holdings Bhd (LATITUD:KLS) set a new 52-week high during Friday's trading session when it reached 1.58. Over this period, the share price is up 118.31%.
52-week range
Today
0.65
Nov 30 2012
1.58
Nov 29 2013
Open 1.53
Day high 1.58
Day low 1.53
Bid 1.55
Offer 1.56
Previous close 1.48
Average volume 403.69k
Shares outstanding 97.21m
Free float 27.85m
P/E (TTM) 6.18
Market cap 150.67m MYR
EPS (TTM) 0.2507 MYR
Annual div (TTM) 0.063 MYR
Annual div yield (TTM) 4.06%
Div ex-date Dec 18 2012
Div pay-date Jan 18 2013
Next div ex-date Dec 27 2013
Next div pay-date Jan 28 2014

Posted by faberlicious > 2013-12-01 09:49 | Report Abuse

1 week 1 month 6 months 1 year 5 years

Latitude Tree Holdings Bhd +20.16 % +23.02 % +58.97 % +138.46 % +176.79 %
FTSE BURSA MALAYSIA KLCI IDX +1.01 % -0.16 % +2.46 % +12.78 % +109.29 %

Posted by sense maker > 2013-12-01 14:08 | Report Abuse

Congratulation to all.

As I wrote much earlier, furniture companies, to varying degree, produce good results in Q3 2013 calender year. Lattitude's ESP of 15sen a quarter is best of all. Stunning is a better word for it. Still, the steep appreciation of USD against RM in the latest quarter needs to be discounted when estimating future EPS.

Pluses:
1) Like Pohuat, it has operation in Vietnam as a geographical diversification.
2) Like most furniture companies, they are successful in passing on and managing upward pressure on cost.

Minuses:
1) Lattitude is still in net debt position but should soon turn into net cash position, like Liihen.
2) Dividend payout is relatively low, compared to Liihen.

I estimate 40sen EPS for FYE 2014 and a fair value of RM2.40 to RM3 for Lattitude, which is higher than my fair value for Liihen of Rm2.10 to Rm3 (based on liihen's estimated EPS of 30sen for next 5 years on average).

JimYeoh

1,514 posts

Posted by JimYeoh > 2013-12-01 14:45 | Report Abuse

sold half position and will continue hold half for med-term.. congrats to those own Latitude share..happy trading

Posted by sense maker > 2013-12-01 21:53 | Report Abuse

Latitude is in net cash position already. One fewer minus.

But the stability of Vietnam's political and operating environment and relative strength of Dong, as opposed to RM, versus USD needs to be weighed.

My target price is unchanged for both Latitude and Liihen.

Posted by faberlicious > 2013-12-02 08:15 | Report Abuse

Posted by sense maker > Dec 1, 2013 09:53 PM | Report Abuse

Latitude is in net cash position already. One fewer minus.

But the stability of Vietnam's political and operating environment and relative strength of Dong, as opposed to RM, versus USD needs to be weighed.

My target price is unchanged for both Latitude and Liihen.

sense maker,great to have you posting on this thread.I understand that you are a finance director with a listed company. Hope you can continue to check on Latitud's future quarterly reports and post your views here.Appreciate it,thanks a lot.

Posted by faberlicious > 2013-12-02 08:45 | Report Abuse

I think not many people know that the well known investor COLD EYE aka FONG SILING is a top 30 shareholder of Latitude,ranked at no. 12.He holds 1,365,000 mln shares.

12. RHB CAPITAL NOMINEES (TEMPATAN) SDN BHD

PLEDGED SECURITIES ACCOUNT FOR FONG SILING (CEB)

1,365,000 1.40 %

bigbuyer

141 posts

Posted by bigbuyer > 2013-12-02 09:20 | Report Abuse

Is too high already wait for adjustment only in

JimYeoh

1,514 posts

Posted by JimYeoh > 2013-12-02 09:29 | Report Abuse

nice start for dec month

bigbuyer

141 posts

Posted by bigbuyer > 2013-12-02 20:07 | Report Abuse

Tomorrow will consolidate aready after three day up

Posted by Lee Jye Yenn Lee > 2013-12-02 21:31 | Report Abuse

PPL noticed in annual report, that's why today created another high.

Posted by faberlicious > 2013-12-04 12:22 | Report Abuse

Another new all time high today,congrats to all holding this. Next,the sky is the limit !

Posted by Lee Jye Yenn Lee > 2013-12-04 12:29 | Report Abuse

ROAR

Posted by Lee Jye Yenn Lee > 2013-12-04 12:30 | Report Abuse

actually not all time high, it is few years high.

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