Latitude Tree said all its factory buildings, machinery, inventories, office equipment, furniture fittings and ancillary installations were insured against the risk of rioting, and the incident had been reported to the insurance company.
Some people scared that riot will affect the productions and the next quarter result. If the insurance also cover Business interruption, which covers the loss of income that a business suffers after a disaster(in this case is riot) while its facility is either closed because of the disaster or in the process of being rebuilt after it. Additional coverage allotted by the business interruption policy covers the profits that would have been earned, thus this policy will ensure that put a business in the same financial position it would have been in if no loss had occurred.
So, once the riot is over, what will happen next, Bullish trend!
Posted by Ooi Teik Bee > May 15, 2014 11:15 PM | Report Abuse X
Buy when everyone is fearful. Otherwise, you cannot get this cheap sale. The riot is temporary only !! Vietnamese government still need foreign investment, she has to do her job to protect investor's interest. Factory is burned, can claim insurance or not ? Sure can, any loss ? No loss at all. Thank you.
Dear nch218, Is my aforesaid statement correct ? I think so after your good explanation. Thank you. Ooi
Thanks Mr. Ooi, i understand how the policy work. Almost all company will buy fire material damage and fire consequential loss policy for protection. The risk is transfer to the insurance company. As long as Latitude not UNDER INSURANCE,and the deductible is small, no huge loss will suffer by Latitude!
Mr. Ooi, where there is a good counter, I sure can see your track =D, good to see you here.
Fundemendal well, I am newbie in FA . But in terms of FA .. Look these few days .. who is selling and who is buying ... ngek ngek ngek ... Why the selling candle indicate weakness in selling .. there must be a reason .. hihihihi
Latitude is Malaysia based listed company, normally this type of risk should be handled by an insurance broker which provide the services to review the company's annual insurance program (eg. fire, marine, theft, etc) and place the risk with local insurance company. Normally holding company will buy the insurance and cover all the plant & machinery for the subsidiary, ie local and oversea.
China and Vietnam will go beyond that, the reality of the situation in Vietnam will be clear, attract new foreign investment to come and to ensure the safety of persons and property, China will restrain its international image. Final peace ended
Share kydarun brother insights --- 1 see announcement: the machine has not been damaged. 2 newspapers have written is "false patriotism really robbery," since there is no nationalism issue, this event is very easy to solve. 3. LATITUD's theme is "growth." Since the machine is not broke, cargo intact, then said, "grow" power only temporarily disappeared a few days to a few weeks only. 4 Even if the results were affected by one-quarter, full year EPS is still at least 45 sen. Or grow several times more than last year. 5 Everyone was waiting for "after the event ends before buying," that time is long gone cheap stock. This is a more difficult to explain the truth: the market under the "We all already know that such and such a thing", it is certainly not give you the opportunity to buy cheap. 6 If you are really out of things, the stock is no reason it fell a little bit, even today opened lower rise. This is not a crisis into a production / growth crisis, the company's share price should be.
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
Yee tai gor - Share latitud form Facebook , investalk , Klse Investor & all ... Geng & very salute. Er Tai Gor just all in Latitud & i just all out Latitud.
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..
But I think Latitud will rebound strongly this week because a Black Horse in furniture stocks spring a real surprise in Q1 earning. So the tide raises the boats effect
sure will go back up even higher, let the dust settle down. After all the hard work, effort & investment in Vn take a break lor. Never pour oil into fire when it is burning. Management skills valy impt not just push, push, push ....
1)latitud 这种股扣除30大股东的票,市场流量只有约2万1千張. 2)在更多人看到公司的净利,前景,若无越南的排华,股价想信己到rm3.30之上了. 3)还好这次亊件快告一段落,公司将重新上路,在大家持续買进,市场上的票将 越来越少,今后在求过于供的情况下,股价向北在所难免,幸福的未来己看到. 4)放心,我问过冯师父,他说不到rm 4.00不会走的.哈哈. 1) latitud such shares, net of the 30 largest shareholders vote, the market flow only about 20,001 one thousand. 2) In the more people see the company's net profit, outlook, if not anti-Chinese in Vietnam, the stock has been above the rm3.30 want to believe it. 3) Fortunately, this 亊 pieces quickly come to an end, the company will be back on the road, we continue to buy the ticket on the market will Less and less in the future in case of excess demand, the share price north inevitable, happy future has been seen. 4) Rest assured, I asked von Master, he said not to go less than rm 4.00 ha.
LATITUD this a blessing in disguise , haha --- "Please do not go Taiwan !" Offering more tax cuts to make an apology Author : Hou Qingli | TVBS - 2014年5 18 afternoon 6:20 > Staring alert in the Vietnamese government , the situation is calm 518 Exclusion parade ! But before the disorder riots broke hearts Taiwan , including Hon Hai , Formosa , Pou Chen Group hit the heavy investment in Vietnam , a total of 28 billion dollars, but changed to such a consideration , forcing the government to promote the horse , the Vietnamese in Taiwan today Pei Zhongyun on behalf of Foreign Affairs, on behalf of the Vietnamese government " solemnly apologize ," he said " please do not leave a friend in Taiwan , they are willing to " reduce land tax , business tax , concessional loans , " not even calculate past loans to compensate for the loss of foreign investment ." . >>
Vietnam, Taiwan representative Peizhong Yun : "I hope Taiwanese friends to stay in Vietnam Investment and Development , called on everyone to encourage Taiwanese friends to stay in Vietnam , do not leave ."
Sound invitation to stay " Taiwanese do not go ," shouted the warmth of Vietnamese Representative to Taiwan because Taiwan foreign investment in Vietnam , but now ... superpower.
Vietnam, Taiwan representative Peizhong Yun : " For example, the way land tax relief , business tax , with relief or tax-free to cover their losses , or concessional loans to help them , not counting the previous or the entire loan ."
The loan is tax cuts is not yet , Ma layers of government pressure on the government to be more " specific protection of Taiwan " , or do not rule out the divestment , the Vietnamese official These guarantees sincerity enough?
Taiwan Ho : " To A money to bribe , to collect the money , here is uncommon, and is happening every day ."
Taiwan for many years, riots ruined homes, the world's largest foundry shoe attack Pou Chen Group , Formosa Ha Tinh plants also suffer burned ruins, vivid horrors , including Hon Hai Group in North Vietnam , steel , the size of Taiwan investment 28 billion dollars or more, in case of divestment losses in Vietnam , the Vietnamese Prime Minister more bursts of six newsletters in the day, declared, "I determined not to allow illegal procession , disturbing the peace ."
Vietnamese workers , the elderly , the children took the "I 'm sorry , I'm sorry ," the brand, trying to quell the riot aftermath .
Vietnam riots Response Team convener Mao Chi-kuo : " very safe today , thank you ! "
Exclusion storm pause , chairman of Formosa Plastics plant in Vietnam in Premier Jiang Yi Hua Lin Hsin- side , the heart still thinking about the future development of Vietnam , hit the pace of corporate restructuring on how to make a comeback ? The test was about to start.
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....
Ravi Kumar
3,658 posts
Posted by Ravi Kumar > 2014-05-17 21:28 | Report Abuse
This is a good opportunity to buy in. Vietnam is a communist country matter of time they will smash the revolt.