Even at this level, it is still undervalued. At projected earnings of $0.50 per share and NAV $2.55, investors are beginning to realise they have missed out on this gem. Waiting for pullback to increase holdings.
Piece of cake. Now just waiting on sideline to see what to do next. Target price on this website says it all - $3.85. So still some speed bump and maybe now major road blocks to clear.
US growth 3.6%, jobless claim down, fast-food workers and service industry are asking for higher salary. All these are pointing to higher demand for furniture replacement and now home sales. Also Latitude is operating in Vietnam - a really low cost labour market with salary in Dong. So with rising consumers salary and demand, going forward - Latitude can only make more money.
Posted by jeff10000 > Dec 6, 2013 01:04 PM | Report Abuse
Piece of cake. Now just waiting on sideline to see what to do next. Target price on this website says it all - $3.85. So still some speed bump and maybe now major road blocks to clear.
yo jeff,can u provide me link to that 3.85 target price article.
fab and seph with good 'wood' fengsui counter (latitud/homeritz) will have christmas $$$ speeding to our pockets. Bursa D have est 40 eps for FY14, at current price, forward PE is only 4.775X
Posted by sense maker > Dec 13, 2013 10:22 PM | Report Abuse
If you look at how CIMB gives a target price for Signature Kitchen of around RM2.50 when its latest quarterly EPS is below RM0.02, you will realise how under-valued the furniture companies of Liihen (Est. Yearly EPS RM0.30), Latitude (Est. Yearly EPS RM0.38) and Homeritz (Est. Yearly EPS RM0.12) are- even after considering the potential USD weakening (which is not a worry to me given Ringgit weakness due to fiscal hole of Msia) and volatile earnings pattern from quarter to quarter.
sense maker estimated FY14 EPS 0.38 is really close to Bursa D's EPS 0.40, hence at 1.91, forward PE of just 5 times
Latitude's EPS for FY14 1st Q alone is 15.02 cts. If it maintains this way, EPS for FY14 would be about 60 cts. Also, it is taking over the full ownership of two companies from LTIH (listed in Singapore). This will make its company book looks very much better.
USD is strengthening against RM, the stock involved in export or sale in USD will benefit from this weakening of RM. Hence all furniture stocks and Plantation stocks will perform well in 2014. According to my analysis, Latitud is the best furniture stock among all. Thank you
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
jasonteo7
24 posts
Posted by jasonteo7 > 2013-12-04 13:27 | Report Abuse
bam! waiting for readjustments