Posted by RosmahMansur > 2015-09-15 20:35 | Report Abuse

SUMMARY OF FURNITURE STOCKS IN BURSA MALAYSIA (Updated as at Sept 15th 2015)
Latitude RM 7.30 PE 8.90
Liihen RM 6.96 ( 11.14)
Pohuat RM 2.95 ( 9.16 )
Homeritz RM 0.97 (12.89)
Hevea RM 1.16 ( 10.38)
Jaycorp 0.87 ( 15.24)
SHH 1.49 ( 11.31)
Sign RM 2.07 ( 6.86) ---> Not fully a furniture stock
Mirror Mirror on Bursa, which is cheapest furniture stock in Bursa?

Posted by Pakcik Saham > 2015-09-16 20:38 | Report Abuse

Still cheaper for the companies with the same Market Cap, the smaller the EV/EBIDA is, the cheaper the company is < 10
EV/EBITDA = Enterprise Value (Today) /
Earnings Before Depreciation and Amortization (TTM)
= 572.2 / 101.123
= 5.658
Enterprise Value (Q: Mar. 2015 )
= Market Cap + Preferred Stock + Long-Term Debt
= 616.29872 + 0 + 17.085
+ Short-Term Debt Without Lease + Minority Interest - Cash and Cash Equivalents
+ 90.404 + 1.207 - 152.757
= 572.2
Latitude Tree Holdings Bhd Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Mar. 2015 was 15.795 (Jun. 2014 ) + 23.579 (Sep. 2014 ) + 34.708 (Dec. 2014 ) + 27.041 (Mar. 2015 ) = RM101.123 Mil.

Posted by Lukesharewalker > 2015-09-17 15:10 | Report Abuse

Some investors are giving up. No sweets for shareholders, also no use

Posted by RosmahMansur > 2015-09-17 16:54 | Report Abuse

Lets see how many contrarian are there still...

Posted by Lukesharewalker > 2015-09-18 10:21 | Report Abuse

This counter slow mo. Dividends also slow to announce. A lot of investors losing patience and running

Posted by Lukesharewalker > 2015-09-18 10:22 | Report Abuse

,@7.00, a lot of opportunity cost out there

Posted by Lukesharewalker > 2015-09-18 10:43 | Report Abuse

Just like Keck Seng, a lot of value but going no where

Posted by catalist > 2015-09-18 10:53 | Report Abuse

Vroom.... Vroom.... going south.... to merah 619

Posted by Lukesharewalker > 2015-09-18 14:21 | Report Abuse

Turtle

Posted by RosmahMansur > 2015-09-18 16:55 | Report Abuse

now become superman! 7,32 closing

Posted by Lukesharewalker > 2015-09-18 20:03 | Report Abuse

Must be in this forum

Posted by Alex Chan > 2015-09-21 15:11 | Report Abuse

More given up

Posted by Lukesharewalker > 2015-09-21 19:14 | Report Abuse

Cheapest...maybe for a good reason. Turtle

Posted by RosmahMansur > 2015-09-21 19:58 | Report Abuse

Latitude has good growth potentials and expansion prospects which makes me like this company so much. No doubt that this stock is thinly traded, but I am not afraid as I am guaranteed a bright future if I invest in this stock. I judged it based on its 3 years performances which is increasing with revenue and net profits increased gradually.

The reason why this stock is slow ( but steady) is that the major shareholders and fund managers from local and foreign hold on tightly on this stock. The company is run by Taiwanese and about 65% of its shares are held by the Lin family. Thus, u can see how illiquid of this stock will be. You will hence see that the stock price is relatively stable.

So, if u do not have patience in investing, pls avoid this counter. It does not suit u at all. You have to hold it for at least 3-6 months to see it growing. It is same as if u r planting a durian tree. U don't expect it to bear a MusangKing durian within 1 day of planting it! You have to be patience and nurture it with kindness and love.

I name Latitude as a blue chip due to its growth consistency + good fundamental aspect. Although dividend yield is not as attractive, but to me, it is just a sweetener of being a loyal shareholder. Dividend payment is my 5th criteria to choose a stock. The 1st criteria is growth expansion.

According to sources close to the company, it has a KPI to be achieved yearly. One of them is to target a net profit increase by at least 10% every quarter and NTA increase by 5-6% per quarter. Net profits are retained in the treasury for CAPEX purposes to fund expansion.

Latitude is involved in the manufacturer and export of wood based furnitures. 95% of its products are exported to US Europe and Asian countries. Its rival is Liihen Bhd. Other furniture companies eg Pohuat and Homerits are not its competitors ( sofa and wooden rubber furnitures). The export to US makes it a major beneficial to the strengthening USD. Hence i foresee that there will be growth for this stock for years to come.

I am not crazed to promote Latitude, but I am just deducing from the facts given from the annual and quarterly report.

Posted by bukithot > 2015-09-22 22:38 | Report Abuse

Thumbs up review from Rosmah!

Posted by Lukesharewalker > 2015-09-23 16:44 | Report Abuse

Great. More people giving up. Management like turtle. Don't think any rewards for shareholders

Posted by Lukesharewalker > 2015-09-23 16:47 | Report Abuse

Can only expect dividends in November on their GM. Other that that it's a dry season

Posted by Lukesharewalker > 2015-09-25 11:35 | Report Abuse

Well, triple bottom if it don't go up, it never will

Posted by Lukesharewalker > 2015-09-25 17:01 | Report Abuse

Suspect one of non directors major shareholders is dumping

Posted by Alex Chan > 2015-09-25 17:21 | Report Abuse

I think it's accumulation

Posted by Alex Chan > 2015-09-25 17:29 | Report Abuse

Possibly the push will be next week

Posted by RosmahMansur > 2015-09-26 01:09 | Report Abuse

AGM Latitude is on Dec 8th

Posted by Lukesharewalker > 2015-09-26 17:10 | Report Abuse

Hahaha...unbelievable. Even later than last year can't get more turtle than that

Posted by Lukesharewalker > 2015-09-27 08:52 | Report Abuse

Btw. No announcement on GM yet.....

Posted by Lukesharewalker > 2015-09-28 15:38 | Report Abuse

Hahaha...more giving up. No matter how high the value is, if the management does nothing to unlock it, its useless.
Moving to cheaper shares

Posted by Lukesharewalker > 2015-09-28 15:40 | Report Abuse

Another Keck Seng in the making

Posted by Lukesharewalker > 2015-09-28 15:54 | Report Abuse

Heard a non director major shareholder letting go. Bought under margin financing also can bear the cost of holding

Posted by RosmahMansur > 2015-09-28 16:55 | Report Abuse

Good luck to u.

Posted by leekh5555 > 2015-09-30 18:07 | Report Abuse

be patience,something good is on the way...

Posted by jeff10000 > 2015-10-01 09:13 | Report Abuse

with yesterday announcement on the completion of the late founder estate, I think management shld look into restructuring the company to enhance shareholder values. The low liquidity of less than 50000 shares traded shld be addressed immly. If not, this share can easily be forgotten and management (the founding family) who holds more than 35% will see their wealth quickly shredded.

Posted by Lukesharewalker > 2015-10-01 12:43 | Report Abuse

Somebody is busy distributing...

Posted by yapie > 2015-10-01 16:38 | Report Abuse

Don't worry la... now this gem is at all time low....
Once gap up will not disappoint anyone :)

Posted by RosmahMansur > 2015-10-01 20:04 | Report Abuse

Agreed. Just need patience for Latitude to boom

Posted by BearbearDrop > 2015-10-01 20:31 | Report Abuse

tp 10.00 by year end according to one of the substantial holder

Posted by Icon8888 > 2015-10-01 20:41 | Report Abuse

Slurp

Posted by RosmahMansur > 2015-10-01 20:45 | Report Abuse

And the substantial holder must be BearbearDrop?

Posted by soohau78 > 2015-10-02 06:37 | Report Abuse

who is BearbearDrop?

Posted by Lukesharewalker > 2015-10-02 09:46 | Report Abuse

Major shareholder disposing..cannot go up at the moment

Posted by Icon8888 > 2015-10-02 09:53 | Report Abuse

not disposal, Madam Lin Chan transferred her shares to spouse

Posted by RosmahMansur > 2015-10-02 11:00 | Report Abuse

Very big volume so early morning....something good gonna happen soon

Posted by leelc99 > 2015-10-02 11:40 | Report Abuse

Someone keep selling and blocking at 6.96. Hmmmm.....

Posted by Lukesharewalker > 2015-10-02 13:03 | Report Abuse

Non director disposing...holds 6%

Posted by Lukesharewalker > 2015-10-02 14:17 | Report Abuse

Wait lah he has to report non substantial holder anymore

Posted by Alex Chan > 2015-10-02 17:12 | Report Abuse

High volume but prop up by 1,000 shares. Seems like passing of shares to 3rd party to goring..?

Posted by RosmahMansur > 2015-10-03 21:17 | Report Abuse

Mid October...watch out for movements.

Posted by soohau78 > 2015-10-05 10:25 | Report Abuse

what 3.60?

Posted by 林俊松 > 2015-10-05 11:10 | Report Abuse

turbochart, what take over at RM3.60?
Now price is RM7.
Pls explain to us~

Posted by Lukesharewalker > 2015-10-05 14:35 | Report Abuse

With so much USD, justify to privatise. 60% owned

Posted by leelc99 > 2015-10-05 22:58 | Report Abuse

I am waiting for this dragon to wake up from its slumber sleep.....

Posted by yennie1125 > 2015-10-05 23:28 | Report Abuse

to my opinion all furniture not have this much value ,this is short term game. how many people every years change the house furniture .secondly why not to look forward timber counter also export to other country.{under value}WTK ,TA AAN.