Posted by Canonpreview > 2014-05-14 18:32 | Report Abuse

lari cepat. .. :P

Posted by njue76 > 2014-05-14 18:34 | Report Abuse

dah habis dah demo...nak lari apa...petang 13 mei ja lepas tu dah selesai...

Posted by ykgykg > 2014-05-14 18:42 | Report Abuse

Need some stabilizer to calm the market jittery from the so call company,otherwise the price will continue to slide and left the true investor temporarily burnt out !

Posted by ykgykg > 2014-05-14 18:44 | Report Abuse

Magnitude of the loses must be made known immediately !

Posted by jj888 > 2014-05-14 19:18 | Report Abuse

Announcement out dy:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1621993

Posted by pang72 > 2014-05-14 19:22 | Report Abuse

finished........

Posted by pang72 > 2014-05-14 19:22 | Report Abuse

runssssssssssssss,,,limit down

Posted by jj888 > 2014-05-14 19:25 | Report Abuse

But factory facility not affected

Posted by pang72 > 2014-05-14 19:28 | Report Abuse

riot and factory can not operation. So , what you think?

Posted by pang72 > 2014-05-14 19:30 | Report Abuse

The big chalk of revenue from Vietnam. No operation means no output..mean no revenue..no profit....loose money.....Then ....STOCK PRICE DROP. Then you and me ...makan rumput

Posted by sotsot1986 > 2014-05-14 19:33 | Report Abuse

Good and brave management... thumbs up for them

Posted by ipomember > 2014-05-14 19:36 | Report Abuse

"All factory buildings, machinery, inventories, office equipment, furniture fittings and ancillary installations are insured against the risk of rioting. LTV has reported the incident to the insurance company. At present, the insurance company and the adjusters are unable to assess the extent and quantum of damages as the rioting is still on going."

the problem now is, the productions are stopped without knowing when to resume due to the riot. Vietnamese cannot differentiate between Taiwan and China. lol

Posted by jj888 > 2014-05-14 19:38 | Report Abuse

But order will have to be restored right?

Posted by pang72 > 2014-05-14 19:46 | Report Abuse

order restored will depend on the worker. If riot till no ending.....but their government is not feel good with the china oil rig issue too.....so they all sama sama riot ...la.....suport each other....so no ending story

Posted by Ah Gan > 2014-05-14 20:00 | Report Abuse

Besides chinese companies, there are also korea, japan, sg, msia companies
I believe Vietnam government will stop them very soon

Posted by 林俊松 > 2014-05-14 20:09 | Report Abuse

Reference is made to the news appearing on local and international newspapers on 13 May 2013 which reported on the riots in Vietnam arising from the Vietnam and China dispute over the arrival of the deep-sea oil rig close to the Paracel Islands in South China Sea. The Board of Directors of LTHB wish to announce that the riot has spilled over into the Vietnam Singapore Industrial Park (“VSIP”) where the Company’s subsidiary, Latitude Tree Vietnam Joint Stock Company (“LTV”) is annexed to it. Rioters have entered LTV’s premise/factory at afternoon on Tuesday, 13 May 2014. The Company’s other subsidiary, RK Resources Co Ltd, is not affected as at to-date.

The main office building of LTV has been vandalised, ransacked and looted by the rioters. Some important data, permits, licenses and documents were destroyed or burnt. The rioters attempted to burn LTV’s factory but the fire was put out by LTV’s workers. At present, the production facilities were not affected although all factory workers were forced to go on strike by the rioters. LTV has temporarily stopped its factory operations since yesterday afternoon until further notice. Due to the on-going riot situation, LTHB is unable to ascertain when the production can be resumed. However, LTHB is monitoring the situation closely with the assistance of the Malaysian Consulate officials at Ho Chi Minh City. For safety reasons, LTHB does not allow the Factory Manager of LTV and his team to enter the factory at present. As such, LTHB is unable to ascertain the damages and its financial impact thereon.

All factory buildings, machinery, inventories, office equipment, furniture fittings and ancillary installations are insured against the risk of rioting. LTV has reported the incident to the insurance company. At present, the insurance company and the adjusters are unable to assess the extent and quantum of damages as the rioting is still on going.

Posted by 林俊松 > 2014-05-14 20:09 | Report Abuse

Tomorrow might drop somemore.
Better join me in Symlife & Pmetal.
=)

Posted by FatFLOM > 2014-05-14 20:20 | Report Abuse

https://www.facebook.com/pages/Finance-and-Investment/1446249225612951

Posted by winwinborn > 2014-05-14 20:44 | Report Abuse

http://www.theedgemalaysia.com/business-news/289479-stocks-to-watch-malayan-flour-time-cmsb-poh-huat-tan-chong-ock-umw-oag-latitude-tree.html

Posted by Funtrade > 2014-05-14 21:00 | Report Abuse

" All factory buildings, machinery, inventories, office equipment, furniture fittings and ancillary installations are insured against the risk of rioting. "

Scare what can claim insurance mah.
You think this riot going to last long ar ??
Riot Riot for at most 1 week they will stop liao. No chinese/taiwan/singapore/malaysia factory hire them they eat grass ar ?? When all withdraw their investment simultaneously from Vietnam itu president going to feed them with dog food ar??

When tummy hungry, wife and baby crying for hungriness they will guai guai go back to work like a dog. Don't worry about these uneducated bandits.

It tomorrow drop I terus hentam 20 lori. When they sell u buy, when they want buy u sell them high high gao gao. This is the way to earn money in market.

Posted by khuen > 2014-05-14 21:08 | Report Abuse

Current issue is just temporarily and will be back on track afterward. Countries that have put in such a huge investment will definitely wouldn't take any risk. In addition, It still has bright future in term of products' demand. Stay still while the wave is just temporarily.

Posted by iafx > 2014-05-14 21:14 | Report Abuse

worse than expected, lost of important document may further delay the operation... buta!!

Posted by Elvin Beh Chun Yen > 2014-05-14 22:14 | Report Abuse

My 2 cents opinion.

1) Factory damages will be compensated by the insurance company. No issue here. Only issue is when Latitude will get the payment.

2) Latitude has other factories in Malaysia and Thailand. They will likely ramp up production and clear their inventories in these 2 countries to meet customer demands while waiting for the vietnam side to settle. Every company will definitely have some sort of inventories for a few months. I don't believe Latitude is so powerful in that all their furnitures are sold as soon as they are made. At most, there'll be some delay in fulfilling some of their customers demands.

3) VSIP is a export orientated park. Business will resume in a week or two weeks. Since Vietnam depend very much on companies base here for their GDP, its in their interest to see that VSIP resume production ASAP. As for the important documents etc, the vietnamese government will speed things up because its in their interest to do so.

4) No one can predict what the share price will be. It might rebound or it might drop. If you think this company has a future after this temporary setback, then buy when it hits your price target. If you think this company dies after the vietnam riot (double limit down etc), then, please sell.

5) You don't buy furniture when you feel poor. You buy them when you feel rich or when you have a 2nd house. Global economy recovery is happening atm. And latitude will ride this wave well. :)

Happy investing.

Posted by ipomember > 2014-05-14 22:24 | Report Abuse

please be reminded that Latitude had been shifting their operations to Vietnam gradually and Vietnam constituted a huge portion of earning. The outlook is very much dependent on the severity of riot.

Posted by keithchan > 2014-05-14 22:26 | Report Abuse

Documents are burnt and computers looted. Best time to "loot internally" to cover accounting. Remember Kenmark?

Posted by chonghai > 2014-05-14 22:39 | Report Abuse

In manufacturing the main concern is how long does it take to recover the capacity. If building is gone need 9 months, building seems to be safe. Machinery repair 1 month will do, purchase new machinery about 3 months. Not all factory affected. Assume loss of one month for affected factory, total production loss for latitud is probably just 10%. Share price drop of more than 10% would probably be a safe entry point.

Posted by DaMaCai > 2014-05-14 22:42 | Report Abuse

2nd & 3rd quarter result will be badly affected. Sell down quite long time.

Posted by lenglui > 2014-05-14 22:50 | Report Abuse

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.

Posted by sense maker > 2014-05-14 22:50 | Report Abuse

It is unclear if Latitude purchased business interrutpion insurance policies too, in addition to property all risks. Even if it did, the first loss limit may be high.

This is a political risk which I wrote earlier facing Latitude. China's stance on the oil-rig issue is firm and if this drags on, foreign-owned operations there may suffer to the benefits of local-owned companies.

Fingers cross for shareholders of Latitude.

Posted by lenglui > 2014-05-14 22:52 | Report Abuse

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

hahaha

Posted by lenglui > 2014-05-14 22:56 | Report Abuse

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

Posted by jeff10000 > 2014-05-14 22:59 | Report Abuse

There is a famous saying " Buy when there is blood on the street"

Posted by sense maker > 2014-05-14 23:03 | Report Abuse

The real risks include strikes and labor likely demand higher wages for work resumption and the contagion effect of this human psychology across wider area cannot be discounted.

Still, Latitude's profitability will likely be very good for Jan-Mar 2014 after its buy-out of its Sg unit recently at a great price.

Posted by Elvin Beh Chun Yen > 2014-05-14 23:16 | Report Abuse

the risk isn't the company's factory disruption as its temporary.

the risk if of public sentiment or shareholder sentiment towards this issue.

Posted by lenglui > 2014-05-14 23:25 | Report Abuse

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?

Posted by lenglui > 2014-05-14 23:33 | Report Abuse

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?

Posted by khuen > 2014-05-14 23:42 | Report Abuse

Normally common lenglui is brainless, but this lenglui is really have some thought. Even without revenue or net profit for FY14Q4, FY14Q1 - Q3 net profit should be more than current price 2.90. Should hold it after 2014 Christmas peak season.

Posted by cindylim > 2014-05-14 23:54 | Report Abuse

Latitude's shareholdings are very tightly held with not more than 20% free float. Majority of the shares are held by institutions.

Looking at today's volume of 3,386,700 shares, it cannot be ruled out that some institutions sold today and if their unwinding continue, that will be catastrophic for Latitude in the mid term

Posted by lenglui > 2014-05-15 00:03 | Report Abuse

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

Posted by naughtygirl > 2014-05-15 00:03 | Report Abuse

It make sense, mother cindy

Posted by saltedfish > 2014-05-15 00:06 | Report Abuse

Wah big trumpet-blower not so leng lui. New id created today just to blow Latitud's trumpet

Posted by chonghai > 2014-05-15 00:09 | Report Abuse

10% for worst case, so if price drop beyond that , safe for entry.

Posted by lenglui > 2014-05-15 00:09 | Report Abuse

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

Posted by saltedfish > 2014-05-15 00:10 | Report Abuse

Q buy at 2.7 tomorrow

Posted by saltedfish > 2014-05-15 00:12 | Report Abuse

How many you have that made you cannot tahan other people whacking your stock? 0.5m, 1m, 2m 05 5m shares?

Posted by lenglui > 2014-05-15 00:16 | Report Abuse

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

Posted by joeylee2013 > 2014-05-15 00:38 | Report Abuse

盛传越南政府叫板中国 默许越暴民发泄三天

...this is going to be bad


(河内14日综合电）南海冲突升高，越南民众星期日才在首都河内的中国大使馆前举行大规模示威，抗议规模历年罕见；越南民众星期二前往各大外资厂商投资的工业区抗议。原先抗议对象是中国投资厂商和中国干部，但到最后，台湾、香港、新加坡全都遭殃。
位在胡志明市正北方的平阳省，星期二下午即传出有暴民冲进平阳省工业区内打砸抢。由于平阳省各大工业区中，是台商成衣纺织及鞋厂投资大本营，且聘用众多中国籍干部；台商傍晚即透过LINE传出，包括台商顺星、远东纺织、鞋美等厂，都传出遭暴民攻击。
当地台商会星期二也传出，越南政府考虑让暴民“发泄3天”，想藉国内民意传达对中国政府抗议，但这也等同工厂停工3天，让台商损失扩大。据了解，平阳台商会已与平阳省政府展开协调，希望平阳省公安加派人员巡逻，并建议台商各大厂房赶快挂出越南国旗，以求自保。
遭攻击的有台资厂房、港资和中国投资厂商，但日本厂商几乎全身而退。

http://www.nanyang.com/node/620962?tid=772

Posted by 8u29song > 2014-05-15 00:42 | Report Abuse

confidence gone ! poor vietcong, forever poor and suffer another 30 year, pitiful !

Posted by winwinborn > 2014-05-15 08:43 | Report Abuse

Latitude is still deeply undervalued. This incident is just one-off case, I believe the company fundamental is still remain strong.

Posted by slts > 2014-05-15 08:56 | Report Abuse

sell 1st, tis riots will last for sometimes
price on down trend just like zhulian got hit by thai riots