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

6,700


9 people like this.

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

leekh5555

545 posts

Posted by leekh5555 > 2015-08-28 17:00 | Report Abuse

ada orang mau tipu ticket murah?

Alex Chan

3,915 posts

Posted by Alex Chan > 2015-08-28 17:16 | Report Abuse

Possible margin account. 3rd party major shareholder.....:-)

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-08-28 23:33 | Report Abuse

Agreed with Lukesharewalker.....i also hv Pohuat shares and experienced the sell down and recoup up later...but Latitude is free from syndicate. Today 30 minutes before closing it made a very good U turn. I am happy with its performance today and made some good profits today for the contra win .

PriyankaC

63 posts

Posted by PriyankaC > 2015-08-30 15:42 | Report Abuse

It is like this:

Before RM depreciation: Unit sold 100 Revenue 320

After RM depreciation: Unit sold 100 Revenue 400

After RMB depreciation: Unit sold 70 Revenue 280

There are furniture makers in China too. Local furniture makers' good time will last for one more quater. That's it.

Better sell all as fast as you can before big seller selling.

chshzhd

1,908 posts

Posted by chshzhd > 2015-08-30 16:41 | Report Abuse

sell all...then buy what?...haha:)

chshzhd

1,908 posts

Posted by chshzhd > 2015-08-30 16:42 | Report Abuse

sell now..then buy when?...haha:)

PriyankaC

63 posts

Posted by PriyankaC > 2015-08-30 16:48 | Report Abuse

haha:) this is what old snake will do to you after he has sold everything to you

chonghai

482 posts

Posted by chonghai > 2015-09-01 14:10 | Report Abuse

PriyankaC do you know what are you talking about ?
The great result posted by Latitude started around June 2013.
At that time 1 MYR =1.8 RMB. There are even time where 1 MYR = 1.93RMB over the 2 years period yet revenue of Latitude hold firm. Right now 1MYR = 1.53 RMB. Even if MYR recover to 1.9 or even 2 RMB, there will be no impact. Exchange rate between RMB and MYR has little impact on Latitude. Latitude is not bullet proof but exchange rate is definitely not the bullet.

chonghai

482 posts

Posted by chonghai > 2015-09-01 14:14 | Report Abuse

I checked through PriyankaC's comment. His comment are all targeting KYY. He must have lost a lot of money following KYY's tip.
My deepest condolence to PriyankaC. This time however, I think PriyankaC has got it wrong again by going against KYY's tip.

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-09-01 19:07 | Report Abuse

Latitude : the cheapest furniture stock in Bursa

catalist

88 posts

Posted by catalist > 2015-09-02 10:28 | Report Abuse

Priyanka's concern may be half right or half wrong.
China furniture makers may post major threat to Latitud.
Big manufacturers from China such as Guangdong Yihua Timber, Man Wah and Markor International are setting up huge furniture factories in Vietnam. These big boys have a lot of funds and they are going to sell their products below cost for first two years to kill of competitors and to capture market shares.
Such developments are not good for Latitud and in fact Latitud's factories in Vietnam already losing orders to such big boys and the average selling prices are falling due to competition for orders. Besides, Latitud also losing experienced and skilled workers to the new big players in Vietnam. Do not expect the management to give good dividend as Latitud has to conserve cash to compete with the new big boys in Vietnam.
So the outlook for Latitud is uncertain. How far can the share price of Latitud go further north from here? It is up to you to decide for yourself whether do you wanted to buy more of Latitud shares.

chonghai

482 posts

Posted by chonghai > 2015-09-02 17:37 | Report Abuse

catalist comment is relatively concrete. Something for us to watch out. Over supply is always not good.

Posted by Lukesharewalker > 2015-09-03 10:13 | Report Abuse

Is it me or there stoppers placed for any ascent?
Operator collecting?

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-09-04 16:43 | Report Abuse

Somebody blocking the stock from ascending

cospi03

201 posts

Posted by cospi03 > 2015-09-05 23:43 | Report Abuse

If oversupply, then all furniture biz will have a Sell call then (I.e. HomeRitz, jaycorp etc

catalist

88 posts

Posted by catalist > 2015-09-07 11:33 | Report Abuse

GP margin and PBT margin have been dropping consecutively over the latest 3 quarters.
GP margin is decreasing from 18.2% to 16.4% and PBT margin is decreasing from 15.6% to 11.8% despite the substantial increase in USD against RM.

catalist

88 posts

Posted by catalist > 2015-09-07 11:36 | Report Abuse

there are no stoppers or blockers. there is only no followers for the makers to fool. anything above 7.50 is a good price to sell.

catalist

88 posts

Posted by catalist > 2015-09-07 11:44 | Report Abuse

with such bad signs and uncertain outlooks, wonder why some of you here still promoting and asking people to buy at above RM7.00? bad heart or syndicates trying to fool or cheat?

Alex Chan

3,915 posts

Posted by Alex Chan > 2015-09-07 15:10 | Report Abuse

well, somebody is rich enough to buy back towards closing. Trend since results. Do they know something we don't?

Alex Chan

3,915 posts

Posted by Alex Chan > 2015-09-07 15:25 | Report Abuse

actually, a lot of money in here. 225 mil reserve and 33 mil exchange unrealized.

Posted by Lukesharewalker > 2015-09-07 15:58 | Report Abuse

The cap is just 97 mil. Wonder if the management is going to do something with it

Alex Chan

3,915 posts

Posted by Alex Chan > 2015-09-07 16:03 | Report Abuse

sorry latest retained earnings 271 mil. foreign currency reserve now 40 mil, cash 170 mil

Posted by Lukesharewalker > 2015-09-07 16:08 | Report Abuse

Retained earnings 2.8 times capital. a shame if nothing happens.

Posted by Lukesharewalker > 2015-09-07 18:21 | Report Abuse

Head start of 41 cents eps for the next financial year. If same results as this year would 41+82=123.
Outstanding!

bohmiah

102 posts

Posted by bohmiah > 2015-09-07 21:03 | Report Abuse

Unfortunately the money can see but cannot touch :(

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-09-07 22:10 | Report Abuse

The beauty of this stock will be unleashed soon.

Alex Chan

3,915 posts

Posted by Alex Chan > 2015-09-07 23:32 | Report Abuse

Wonder what's holding back management in unlocking this value?

zamsaham

778 posts

Posted by zamsaham > 2015-09-08 13:51 | Report Abuse

fair value MYR5.50
overrun too much.
8 days up, then now 8th days downtrend.

Alex Chan

3,915 posts

Posted by Alex Chan > 2015-09-08 22:10 | Report Abuse

Please sell to me@5.50....

zamsaham

778 posts

Posted by zamsaham > 2015-09-09 00:43 | Report Abuse

@ Alex, your dream will comes true. Just hold on by end Sept

Posted by Zool Khibri Abdul Khalib > 2015-09-09 11:47 | Report Abuse

Ya laa... Split then it come to RM5.50


Hehe

Posted by Lukesharewalker > 2015-09-09 16:21 | Report Abuse

Yep. After bonus and free warrants

Posted by Lukesharewalker > 2015-09-09 16:32 | Report Abuse

But got stopper at 7.14. Don't want to sell at 7.13? Hahaha

Posted by Zool Khibri Abdul Khalib > 2015-09-09 16:35 | Report Abuse

Hahaha..

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-09-09 17:41 | Report Abuse

Good stock coming up

zamsaham

778 posts

Posted by zamsaham > 2015-09-10 00:29 | Report Abuse

not for long.

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-09-10 01:49 | Report Abuse

Zamsaham : pls sell to me all your holdings at Latitude; im willing to buy at rm5.51 from you

Posted by Lukesharewalker > 2015-09-10 12:08 | Report Abuse

Turning bullish now....

Posted by Zool Khibri Abdul Khalib > 2015-09-10 12:35 | Report Abuse

Pandai si Zamsaham nak suruh org panic jual kat dia... Taktik lama

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-09-10 15:07 | Report Abuse

Latitude the cheapest furniture stock in Bursa

Posted by Lukesharewalker > 2015-09-10 16:22 | Report Abuse

Vroom vroom next week

Posted by Zool Khibri Abdul Khalib > 2015-09-10 16:58 | Report Abuse

Vroom vroomm.. No contrarian.. Wash contrarian..

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-09-13 17:08 | Report Abuse

Hope to reach 7.50 tomorrow

turbochart

537 posts

Posted by turbochart > 2015-09-13 17:33 | Report Abuse

Latitud will drop soon becos they wan to takeover sign at 2.45...yohyoh!!!

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-09-13 23:49 | Report Abuse

Unlikely Latitude to drop, bonus issue coming....

turbochart

537 posts

Posted by turbochart > 2015-09-14 08:09 | Report Abuse

Ya...agreee...yohyoh!!!

vanness

34 posts

Posted by vanness > 2015-09-14 13:20 | Report Abuse

Rosmah: Other than bonus issue, I hope that the mng will increase the liquidity of the shares too.

winston1

534 posts

Posted by winston1 > 2015-09-14 13:27 | Report Abuse

No official announcement on bonus issue yet. When is the announcement??

vanness

34 posts

Posted by vanness > 2015-09-14 15:17 | Report Abuse

When it's announced, it won't be at this price ady. LOL

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-09-14 16:49 | Report Abuse

Reliable sources

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