Posted by feiloh > 2014-11-01 17:38 | Report Abuse

A highly speculative counter....

Posted by YiStock > 2014-11-02 21:38 | Report Abuse

Looking at the current asset vs current liability, i personally think their cash flow need to be examined carefully by investor. In business, sometime is the cash flow that kill the company, not the short term losses. Just my 2 cents. Happy investing!

Posted by jeff10000 > 2014-11-03 10:05 | Report Abuse

Latitude on rocket fuels

Posted by kai8994 > 2014-11-03 10:32 | Report Abuse

I agree with you YiStock. Cash flow is one of the important criteria to assess a company. How Latitude fares on this? Cash flow from operating activities was at rm36m (2012), rm52m (2013), and rm82m (2014). And its account receivables are always stay less than 10% of the revenue. Isn't it equally good?

I like the point highlighted by lbkeat where they paid moderately (total only RM2m for 6 ppl!) to their directors. It's implying that the directors will reward themselves (the EDs are also major shareholders) by growing the worth of the company, not through shortcut. Who else does this beside Warren Buffet?

Whether this is a speculative counter or not, it depends on how one views it. We can never prevent speculator from coming in. Latitude price does fluactuate a lot especially during market correction due to its low liquidity. But, why trade and not INVEST?

Posted by jeff10000 > 2014-11-06 22:43 | Report Abuse

1st qtr result for period ending 30th Sep 2014 should be released btw 24-29 Nov, based on past disclosures. Anyone care to venture any forecasts and if possible their reasons for their estimates

Posted by chshzhd > 2014-11-09 09:04 | Report Abuse

difficult to estimate..

Posted by cooldownguy86 > 2014-11-14 12:28 | Report Abuse

suspect qtr result wld drop due to weaker forex, similar to homeritz

Posted by jeff10000 > 2014-11-14 12:40 | Report Abuse

On the contrary, a weaker ringgit, means more turnover and income as their business are transacted in USD.

Posted by jeff10000 > 2014-11-14 12:41 | Report Abuse

Which will be translated in foreign exchange gain in their P/L.

Posted by cooldownguy86 > 2014-11-14 15:56 | Report Abuse

in fact usd was relatively weaker for the past 3 months

Posted by miketyu > 2014-11-18 22:09 | Report Abuse

Uncle Koon Yew Yin bought more than 2 million shares into latittude. Surprise !

Posted by pputeh > 2014-11-19 16:22 | Report Abuse

Really where did you see that news

Posted by NOBY > 2014-11-19 16:42 | Report Abuse

Posted by miketyu > Nov 18, 2014 10:09 PM | Report Abuse

Uncle Koon Yew Yin bought more than 2 million shares into latittude. Surprise !

From Annual report 2014, a lot more than 2m shares... he split it to a few accounts probably to stay below the 5% threshold to avoid having to declare disposal...

Posted by member41 > 2014-11-19 23:01 | Report Abuse

Pputeh see top 30 shareholder section

Posted by miketyu > 2014-11-19 23:30 | Report Abuse

Yes Noby. He is a very smart man indeed. But very sad he didn't post anything in I3 anymore due to cyber attacks. Hope he will share his view more.

Posted by pputeh > 2014-11-21 13:28 | Report Abuse

Thanks member41. Much obliged

Posted by jeff10000 > 2014-11-21 22:58 | Report Abuse

Miketyu - I think Mr Koon does not need to say much. His action worths a thousand words. Since the top 30 shareholders disclosure list of which he was reported to have owned 5 Mio shares, he has purchase another mio. within a short period, giving a total in of >6 mio. The additional shares are purchased in excess of $3.50 or higher. Like every savvy investor, if there is no doubling in potential appreciation, why go in at ever larger qty. This share is quite illiquid. So all you pple, load up man before the quarter ending Sep 30 2014 is announced next week.

Posted by Ntpboon > 2014-11-22 15:19 | Report Abuse

" This share is quite illiquid." 我同意。
三十大股东已拥有82%的股份。市场只剩下18%，但是为何公司还要建议买回自己的股票？

Posted by murali > 2014-11-22 23:12 | Report Abuse

Guys,u all should get worried when Mr.koon owns lots of this shares..---c what happened to xinquan,jtiasa,mudajaya n pjd-wc.....

Posted by murali > 2014-11-22 23:14 | Report Abuse

He got his fingers burnt on all these counters.....off course u may ignore my warnings if u are long term investors n u intend to pass your shares to your grandchildren

Posted by murali > 2014-11-22 23:17 | Report Abuse

Check his track records first,don't get influenced by his billionaire super investor status blindly

Posted by murali > 2014-11-23 09:09 | Report Abuse

Mikeytu,mr.koon is no longer here coz all his recommendations masuk longkang.....no face.....somemore his cari makan trick was being exposed fully in i3....but the old man is smart n cunning.....he found another platform to cari makan.....investalks...will be one of their co speaker next week to talk abt jtiasa n mudajaya again....good luck

Posted by Undefeated > 2014-11-24 10:07 | Report Abuse

are u guys sure this Koon is the big name tycoon in Malaysia ? as i see the chinese name in chinese newspaper different with the well-known tycoon Koon Yew Yin.

Posted by chonghai > 2014-11-24 11:50 | Report Abuse

If you look at Mr Koon's wealth, you should realize that he is not a one trick pony. He may have some dry spells currently, rsawit is a bad call, Jtiasa is not such a good company and his investment in the China company is typical of a person who is over-confidence. However, do not doubt his ability to recover. He has done it again and again and he will do it again. With so much experience in business and investment, not that many people has such a good business acumen. Currently he may be making mistakes after mistakes because some of his fundamental assumptions may be flawed, and that will just happen to everyone. He has proven again and again in the past that given time, he will come back with a vengeance.
We should take his mistakes as a lesson.
Laughing at his mistakes will not do us any good. The fact that he decide to leave this forum, is a loss to everyone. I do not agree with his analysis with Rsawit, Jtiasa or Mudajaya. That does not mean that his sharing is useless. There are so much useful business information in his sharing.
I own a lot of latitud. Hopefully Mr Koon finally get it right this time round.

Posted by murali > 2014-11-24 12:18 | Report Abuse

chonghai, a very neutral analysis. Personally, I still have yet to find the great side of his sharings so far. At the meantime, just couldn't stand some of us here keep on worshipping him blindly, mostly due to his social status and wealth (I think), and not on his quality of sharings...

Posted by murali > 2014-11-24 12:22 | Report Abuse

Overly bullish on plantation sector, strong recommendation to use margin at record high market, flawed analysis on Xinguan, Rsawit,Jtiasa, Mudajaya and low class goreng tactics of Rsawit and Jtiasa...not impressive at all...

Posted by smallfish123 > 2014-11-24 12:41 | Report Abuse

Malaysian panel industry facing very tough competition from Vietnam and Indonesia i feel. dont know whether if Im right. Been keeping track what is going on in the timber industry through this magazine online www.asiantimber.com.my

do correct me if im wrong guys.

Posted by chshzhd > 2014-11-24 21:59 | Report Abuse

good point of view, chonghai.

Posted by TanSriDato > 2014-11-26 23:34 | Report Abuse

Mr. Koon is a kind hearted man and well respected in my hometown. In business, some time you made mistake. Lets only judge a man whether he is successful or not, not by how many mistakes he made but by the number of successful feats he has done. Net net, more successes than failures, that mean you are on track!

Posted by Ntpboon > 2014-11-27 18:49 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1808353

纬树业绩可取，股价料有作为！

Posted by jeff10000 > 2014-11-27 22:44 | Report Abuse

Wah, so good results. Regrets didn't buy more!!!

Posted by chonghai > 2014-11-28 11:23 | Report Abuse

To : jeff10000 - You can still buy now. Share price not yet moving

Posted by jeff10000 > 2014-11-28 11:46 | Report Abuse

Tks for advice. I just bght at 3.67 and now queuing at 3.7

Posted by murali > 2014-12-01 11:10 | Report Abuse

It seems that the KYY Curse may hold some truth.....

Posted by bohmiah > 2014-12-01 23:03 | Report Abuse

thought that usd increase is a good news for Latitude as most of its business export to US market ...

Posted by newbiehk2014 > 2014-12-02 09:40 | Report Abuse

the dividend coming and stronger USD should be positive news for this counter for a while

Posted by newbiehk2014 > 2014-12-15 17:15 | Report Abuse

even this counter can not hold the price support in the current bearish sentiment.

Posted by blackdove > 2014-12-15 18:17 | Report Abuse

2 executives diretors annual income 415K, enough boh....

Posted by blackdove > 2014-12-15 18:18 | Report Abuse

MD got little share....with about 200K per annual..???

Posted by fishbone > 2014-12-15 21:30 | Report Abuse

this counter has strong capability to rebound

Posted by lching > 2014-12-15 21:35 | Report Abuse

this company very stingy lah.

Posted by sbg3106 > 2014-12-16 16:22 | Report Abuse

why suddenly drop ?

Posted by wwwcomment > 2014-12-17 17:18 | Report Abuse

Wao. Up so much. Why ah?

Posted by Sapphire > 2014-12-17 21:10 | Report Abuse

malaysia currency drop good for export...

Posted by blackdove > 2014-12-19 21:48 | Report Abuse

Latitude Annual Report of 2008, P.6 DIRECTOR’S STATEMENT
"...
Overall, 2008 has been a taxing year for the Malaysia and Thailand operations as the US dollar broke ten years low and fuel prices reached record high.The results could have been better if not for the depreciation of dollar, higher raw materials and operating costs.
.."

So now oil price low, us dollars high....is the other way round of the situation....is the stock price already reflect this situation...?

Posted by KBYap > 2014-12-28 14:20 | Report Abuse

Posted by KBYap > Dec 28, 2014 08:50 AM | Report Abuse X

Furniture makers face labour and rubberwood shortage

By CHONG CHEE SEONG
MUAR
johor@nstp.com.my

MALAYSIAN furniture manufacturers are facing two acute problems -- shortage of labour and rubberwood -- resulting in a 4.6 per cent drop in the country's total export last year.
Johor Furniture Association president Bo Eng Chee said the country's export from January to November in 2010 was RM7.3 billion as compared with RM6.9 billion in the same period of last year.

He said the drop affected the export of wooden, metal and plastic furniture.

Bo, who is also the Muar Furniture Association (MFA) president, said the MFA and the Malaysian Timber Industry Board would jointly submit a memorandum to the Plantation Industries and Commodities Ministry next month to address the two problems.

He said the shortage of rubberwood in the country had resulted in the price of the wood going up from RM1,400 to RM1,800 per metric tonne since last October.

He called on the government to stop the export of rubberwood and ensure a sufficient supply for the domestic market.

On the shortage of foreign labour, Bo said the implementation of the amnesty programme (codenamed 6P) for legal and illegal foreign workers was the main cause.

He said the shortage compelled furniture manufacturers to reject foreign orders for fear of it affecting their production and delivery of export goods.

Bo said it had a significant impact on export, adding that the furniture industry is one of Muar's economic lifelines and accounted for about 45 per cent of national furniture export.

He said a good opportunity had come to Malaysia in recent years when China's furniture industry lost its competitive edge and manufactuers in Thailand were affected by floods.

"Unfortunately, we are unable to capitalise on it because of the lack of workers and rubberwood."

Bo said the government should formulate a plan to ensure a sustainable supply of foreign workers and rubberwood to avoid interruptions in plant operations which have adverse effects on productivity.

He said with the introduction of the 6P programme, the industry was facing a 30 to 50 per cent drop in foreign labour, forcing small factories to close down.

The 6P programme comprises registration, legalisation, amnesty, supervision, enforcement and deportation of foreign workers.

Bo called on the government to monitor the programme closely to prevent job-hopping of legalised foreign workers.


The problems only can get more acute.

Posted by KBYap > 2014-12-28 15:47 | Report Abuse

The problems only can get more acute.

Have you seen rubber plantations around nowadays??? Of course not as all have been replanted with oil plam.

Local furniture business is a sunset industry as their size is limited by the limited supply of rubberwood in Malaysia.

Posted by bohmiah > 2014-12-30 23:05 | Report Abuse

hmmm will this impact Latitud since their production comes from Viet ...

Posted by funitec > 2014-12-31 00:52 | Report Abuse

This share seems well supported.Pardon me if I am wrong but we have lots of timber in Malaysia. We are conservative with its use,ocaaluse furniture is mainly of fibre board, wood chips n resin compunded. we sell the wooden furniture overseas where prices are higher.We depend on only rubber wood meh? Unlimited kinds of timber is AVAILABLE AT A PRICE. aS FOR LABOUR THE REPORT QUOTED IS OF 2008. Situation now I gesss is better nn will b so., with better controlled labour.Previously a lot of illegal n unskiled people. Now at a Price you get better quality n Legal Labour, not...the skullywags. as for Viet, its upcoming, with enough labour, n supply of raw material , well priced too. i will keep...my invvestment n addd when WELL PRICED.Good day m thanks for sharing views.

Posted by blackdove > 2014-12-31 18:30 | Report Abuse

Mr. KB Yap, can you specify the published date of the article you posted above?