RHONG KHEN INTERNATIONAL BERHAD

KLSE (MYR): RKI (7006)

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Last Price

1.17

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

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9 people like this.

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

Posted by Lukesharewalker > 2015-11-06 13:09 | Report Abuse

Not in his name dude. Wife's ....

pingdan

1,549 posts

Posted by pingdan > 2015-11-06 14:42 | Report Abuse

Why he wan to hold some share which is lower than 5% in his wife account? Why he sell out? If he sell out, he made his own portfolio that more than 10% become lesser in term of value.

If he really wan to sell, why he buy alot of quantity at RM6.18 to RM6.27?

Your point completely made no sense at all.

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-11-06 14:48 | Report Abuse

Just contacted uncle KYY...he said didnt sell any of his or wife shares.

Posted by Lukesharewalker > 2015-11-06 15:42 | Report Abuse

Bullish engulfing? Going going gone

Posted by Lukesharewalker > 2015-11-06 15:47 | Report Abuse

Technical rebound...downtrend intact

catalist

88 posts

Posted by catalist > 2015-11-06 16:24 | Report Abuse

either rosmah is lying or rosmah been fooled by KYY.
KYY sold from his wife account in TA Securities

pingdan

1,549 posts

Posted by pingdan > 2015-11-06 16:30 | Report Abuse

catalist: either you lying or rosmah lying or rosmah been fooled by KYY or lukesharewalker just talk cock

catalist

88 posts

Posted by catalist > 2015-11-06 16:38 | Report Abuse

12 sen is good dividend if you bought at below RM4. KYY came in at 4 and above.
bonus or split are good for speculators, selfish and short term investors.
No different for loyal and long term investors.
Bonus /Splits allowed major shareholders to goreng and cheat retail investors.
we are lucky that Latitude's mgt are smart enough not to be conned by KYY and his team.
Major shareholder who like to goreng will follow KYY's advice blindly without considering the long term outlook. They only care for short term gains.

susheel

86 posts

Posted by susheel > 2015-11-06 16:40 | Report Abuse

if it is not kyy then it could be his followers... he wields a lot of influence, what ever it is... his letter made lots of sense and may have affected many ppls judgement... what other reason can it be??... he himself said so in his letter... just read it and then tell me it doesn't make sense??

It is the top furniture stock in bursa but not performing.... in the short term at least... but in the long term... it will definitely be valued at its deserved rate.

The current stock performance will give the shareholders more bullets to justify their complaints during the AGM.... maybe its just an elaborate plan to pressure the management... who knows??? There's lots of money involved... anything is possible....

Just sharing my opinion... hope i don't offend anyone.

catalist

88 posts

Posted by catalist > 2015-11-06 16:42 | Report Abuse

if you are long term investors like me who had invested in Latitude since year 2013, you will hope that the mgt keep the reverses for future instead of benefiting those speculators and short term investors.

pingdan

1,549 posts

Posted by pingdan > 2015-11-06 16:45 | Report Abuse

haha catalist. You dont know about the real story until u attend the AGM. U cannot made any conclusion why they didnt pay dividend. Just attend the AGM and ask why they dun wan to pay.

See canone, success and hhgroup. Dividend yield so low. But why still up so much recently?

Alex Chan

3,915 posts

Posted by Alex Chan > 2015-11-06 16:45 | Report Abuse

You think if uncle is selling, he will admit to you?
Come on.....

Alex Chan

3,915 posts

Posted by Alex Chan > 2015-11-06 16:47 | Report Abuse

After so long, the AGM has not been decided.....
so efficient management?

Posted by Lukesharewalker > 2015-11-06 16:55 | Report Abuse

Actually To snag, if I tell I am holding on to my shares would you believe me?

Posted by Lukesharewalker > 2015-11-06 16:55 | Report Abuse

@rosmah

pingdan

1,549 posts

Posted by pingdan > 2015-11-06 16:56 | Report Abuse

Alex Chan: walao, last year AGM notice only come out mid of November. Now only early of november.

Eh, you tink wan to open AGM then open just like that ke? No need deal with auditor ke? Auditor come out report, then accountant of latitude need to put in all the chairman statement, director statement, design, bla bla bla. Then auditor need to prove reading on the annual report.

No need time ke? Wow doing magic again?

pingdan

1,549 posts

Posted by pingdan > 2015-11-06 16:58 | Report Abuse

Last year AGM on 10 Dec 2015. U dont know that they only need 14 days notice give to shareholder before AGM open ke?

Since you are not holding latitude share, why u concern about their AGM.

IT IS NONE OF YOUR BUSINESS SINCE YOU ARE NOT SHAREHOLDER UNLESS YOU ARE LYING TO US

pingdan

1,549 posts

Posted by pingdan > 2015-11-06 17:00 | Report Abuse

So conclusion: Lukesharewalker = Alex Chan

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-11-06 17:02 | Report Abuse

AGM notice of meeting will be out by next week. The AGM will be on middle of December.

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-11-06 17:04 | Report Abuse

btw, KYY is laughing at the foolishness of comments by Lukesharewalker and Alexchan. He said, if u r so pessimistic abt Latitude, u should have sold all at rm 7.00 and not making unnecessary noises here. If u have the guts, do meet the CEO during the AGM.

Posted by Lukesharewalker > 2015-11-06 17:22 | Report Abuse

If I state I have sold all, would you believe me? Hahaha

Posted by Lukesharewalker > 2015-11-06 17:24 | Report Abuse

Silly assumption. 2 persona?

Posted by Lukesharewalker > 2015-11-06 17:26 | Report Abuse

At least claim I am Darth Vader...closer

Alex Chan

3,915 posts

Posted by Alex Chan > 2015-11-06 17:56 | Report Abuse

Hahaha....that's funny

catalist

88 posts

Posted by catalist > 2015-11-06 18:01 | Report Abuse

CEO told me AGM will be on 10 Dec 2015.

Posted by Pusher_Punisher > 2015-11-06 18:01 | Report Abuse

Well.. I don't think kky should be brought Into discussion. If he sold his share so what? If he hold so what? Don't tell me u buy share base on what he brought or sell base on what share he sell.

Do you own homework. For me below 6.70 is a very good price to enter this stock. That's just my opinion. Looking forward for the AGM.

catalist

88 posts

Posted by catalist > 2015-11-06 18:05 | Report Abuse

only those who bought at RM4 and above will complain abt the 12sen dividend.
I'm very happy with the 12sen dividend as I bought it in 2013.

pingdan

1,549 posts

Posted by pingdan > 2015-11-06 18:05 | Report Abuse

Haha i dun care about who holding or selling this share. As a value investor i nvr scare to take risk on undervalue share. Drop more than collect more. This is my strategy. Still thinking can attend AGM or not since last year held at Shah Alam. Quite no convience for me

pingdan

1,549 posts

Posted by pingdan > 2015-11-06 18:13 | Report Abuse

Wow caralist i tink u at least got 500percent gain on this share. Congratz. The dividend is more than 10percent of ur investment

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-11-06 18:33 | Report Abuse

Hope to meet u during the AGM Dec 10th Pingdan. I also would like to meet both Lukesharewalker and AlexChan ..

catalist

88 posts

Posted by catalist > 2015-11-06 19:16 | Report Abuse

I always believe in long term investment in good companies to get good returns. Short term investment will only allow you to make limited gains.
I invested in bought Nestle, Public Bank, Top Glove and QL and kept it over 5 years and some over 10yrs. You will enjoy very good returns from such good companies if you hold it for long term.
Never sell it and hope to buy back when it drops as sometimes those good companies never go down only keep going up. So conclusion, if you want to have good returns, you must invest for long term and not hit and run. short term investment will allow you to make a bit only.

pingdan

1,549 posts

Posted by pingdan > 2015-11-06 19:40 | Report Abuse

haha catalist I agreed with your theory

rosmahmansur: I dont know I am convince to go or not. Need to see what is the exact day of the AGM 1st

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-11-06 19:49 | Report Abuse

I agree with catalist. I had been holding Dlady Nestle and PBBank too for more than 5 -7 years....net profit? almost 1000%!

zzas

151 posts

Posted by zzas > 2015-11-06 21:14 | Report Abuse

pls drop!.

jonbravo

428 posts

Posted by jonbravo > 2015-11-07 19:27 | Report Abuse

sell call

jonbravo

428 posts

Posted by jonbravo > 2015-11-07 19:29 | Report Abuse

brendon yeap aka Rosmah Mansur

kakashit

1,472 posts

Posted by kakashit > 2015-11-08 11:04 | Report Abuse

Now i took profit from Pohuat and SHH and put into Latitud, no doubt this is the cheapest furniture counter with the highest ROIC.

Ppl thought 6 ringgit is much more expensive than 1 or 2 ringgit, typical trap of looking at price rather than value.

Like what KYY said, a simple bonus issue plus free warrant might satisfy the cheap pricing needs of the market.

I hv been accompanying for a year, normally Latitud's sp will retreat b4 the quarter result announced, based on my observation.

Will see how it performs when result out, :)

Lim Xiong Jun

6,930 posts

Posted by Lim Xiong Jun > 2015-11-10 12:50 | Report Abuse

Finally, I saw 2 consecutive green days.
Hope uptrend will be coming soon.

Posted by BearbearDrop > 2015-11-10 12:54 | Report Abuse

Hold tight
The wave is coming next week
I believe the result will be the strongest one

Posted by BearbearDrop > 2015-11-10 13:16 | Report Abuse

I hold more than 38 year
I am over 9000% gain
I am much older than vegeta the king of saiyan fighter

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-11-10 15:24 | Report Abuse

2 consecutive of gains and the critics disappeared

ckk2266

1,210 posts

Posted by ckk2266 > 2015-11-10 15:25 | Report Abuse

Downtrend since 27 August...where is the support level

chshzhd

1,908 posts

Posted by chshzhd > 2015-11-10 15:51 | Report Abuse

haha...

chshzhd

1,908 posts

Posted by chshzhd > 2015-11-10 15:52 | Report Abuse

interesting...

catalist

88 posts

Posted by catalist > 2015-11-10 19:01 | Report Abuse

Fake green closing, last minutes push up by speculator.

Posted by Lukesharewalker > 2015-11-11 11:12 | Report Abuse

6.00 lah

Alex Chan

3,915 posts

Posted by Alex Chan > 2015-11-11 17:03 | Report Abuse

Yes. RM 6 is a possibility

kchua85

13 posts

Posted by kchua85 > 2015-11-11 17:23 | Report Abuse

stupid counter ever

ckk2266

1,210 posts

Posted by ckk2266 > 2015-11-11 19:17 | Report Abuse

Expect month end will announce good result...

cktio

7 posts

Posted by cktio > 2015-11-11 21:34 | Report Abuse

Latitude's highest share price goes to RM7.50 on 21-Aug-15 & 27-Aug-15, during that time EPS=RM0.82, PE ratio = 9.1

Last year same quarter average exchange rate is 3.27, this year Q3 average exchange rate is 4.29. (check the currency rate @ http://www.oanda.com/currency/average).

Strong demand in US will continue drives Latitude's revenue. (check the USA furniture ordering & shipping amount @ http://www.smithleonardcpas.com/news-and-events/newsletters/furniture-insights/)

MYR deprecation & strong demand in US will definetely make Latitude's coming quarter fantastic. It should have at least EPS RM0.30. So the overall 4Q will become RM0.95. PE ratio will reduced to 6.75.

PE=7, share price = RM6.65
PE=8, share price = RM7.60
PE=9, share price = RM8.55
PE=10, share price = RM9.50

Current Share price RM6.41, RSI oversold, limited downside, potential upside RM2.14 (33%).
Please remember, buy low and sell high; buy when market is panic selling, sell when market is excited buying.

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