RHONG KHEN INTERNATIONAL BERHAD

KLSE (MYR): RKI (7006)

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Last Price

1.19

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


9 people like this.

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

TopGainer

17 posts

Posted by TopGainer > 2015-11-30 14:28 | Report Abuse

7.78??? u dream tat time izit??? ppl like u I wonder really can earn money?

pingdan

1,549 posts

Posted by pingdan > 2015-11-30 14:32 | Report Abuse

Last time say not buy, but now say sell at 7.78.

No buy how to sell, lol

haha u also love latitude? Just like what rosmahmansur say? (Nice one rosmahmansur)

HAHAHAHA

Ok last posts for this 3 idiot. Waste my time here. I used my time go find other share rather waste time to talk to 3 idiot (lukesharewalker / alex chen / catalist) which is in real life same person.

Anyway i will keep holding and visit AGM to get further info plus request management to give better dividend or bonus issue.

Im pingdan or pongdan also nvm. It is just a name. I earn im happy. Dun need to care im pingdan or pongdan. Hahahahahaha

joe2703

123 posts

Posted by joe2703 > 2015-11-30 15:35 | Report Abuse

Ya... Should give more dividend and bonus issue! Either one is fine!

Posted by Lukesharewalker > 2015-11-30 16:27 | Report Abuse

So naive, if you can buy 6.26, others cannot buy?

catalist

88 posts

Posted by catalist > 2015-11-30 16:28 | Report Abuse

lukesharefuker, don't simply accused counter not performing as PONZI or etc. Latitud was audited by EY, are you trying to say EY auditors are corrupted or stupid to be conned by Latitud of unreal net cash of over 100mil???? pls don't be like most Malaysians of simply accus or talk rubbish.

Posted by Lukesharewalker > 2015-11-30 16:41 | Report Abuse

Confusing, thought we were the same person? If not relevant ignore. If relevant, take note. Everybody is entitled to their opinion.
This is s forum

pputeh

698 posts

Posted by pputeh > 2015-11-30 16:42 | Report Abuse

catalist agreed cash 100mil, but why don't want to share with shareholders. Why no special dividend Keep all to themselves. WHY?? Shareholders meeting should ask why no bigger distribution rather then keep funds.

Posted by Lukesharewalker > 2015-11-30 17:06 | Report Abuse

There is no cash outflow with bonus issue,
Theory, cap grows bigger, fund manager buys in, need to do visitation hence expose their lack of corporate governance?
So much money, anybody can be tempted even country leaders

catalist

88 posts

Posted by catalist > 2015-11-30 17:48 | Report Abuse

Nowadays, 100mil cash are just peanut .......they may hv their reasons to conserve cash as this Group had been cash tight for the past 20 years.
A smart n wise management would prefer to keep cash instead of distribute out all to shareholders.
when times are bad, do you think shareholders will help the company? They will dump the company.
So, I'm not surprise that the mgt would like to conserve cash now as they were quite poor(short of cash) before.
maybe they need funds to compete/fight china manufacturers setting up huge factories in Vietnam. They have to compete for raw materials, good workers and capable managers.

dividends, how much is enough ?? those shareholders bought at 1.00 and below are be very happy with 12sen and those bought at 7.00 (current /short term shareholders) are complaining.
why must the mgt reward short term shareholders???

I feel the mgt are smart enough not to be fooled by speculators to distribute out everythings and keep little for raining days.
Why must the mgt listen to speculators and been fooled by them like pohhuat and liihen ???

by not giving bonus or high dividends are just another strategies. There is no right or wrong, time will tell.....

pingdan

1,549 posts

Posted by pingdan > 2015-11-30 17:51 | Report Abuse

Wow suddenly catalist talk nice about this share for the 1st time after i say lukesharewalker=alex chen= catalist. Hahaha dun act different ppl la wei. U r so naive to do so

pingdan

1,549 posts

Posted by pingdan > 2015-11-30 17:52 | Report Abuse

For the 1st time in this forum. Catalist talk nice about latitude. Lol! Fake like shit.

catalist

88 posts

Posted by catalist > 2015-11-30 17:53 | Report Abuse

anyway, tomorrow we will see another round of selling/getting out by speculators as the prices are still good for them to get out.........
not easy to sell 10million shares in this counter........
they really hope that there are enough fools to buy at current price........

pingdan

1,549 posts

Posted by pingdan > 2015-11-30 18:04 | Report Abuse

Sell la. All speculator please sell. Hahaha. PE so low still wan to sell. Please do so.

catalist

88 posts

Posted by catalist > 2015-11-30 18:35 | Report Abuse

i hv access to more accurate info than you, pongdan......
you and lukesharefatker can continue to simply assume.......

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-11-30 19:17 | Report Abuse

Pingdan lets meet on the 10th. Pls give me your email, i wana show u something very important abt Latitude.

chshzhd

1,908 posts

Posted by chshzhd > 2015-11-30 21:31 | Report Abuse

rosmah somethng very important must be very interesting too :)

lbkeat

132 posts

Posted by lbkeat > 2015-12-01 00:57 | Report Abuse

why many people r complaining the com dividend policy, just treat latitud a growth stock (with low p/e) even though some may say they r in sunset industry,labour intensive industry, low roe etc. they r many high dividend yield counter in bursa but surely not laittud. or maybe somebody say this counter is semi redchip counter pls give ur points and facts by saying that. latitud acc is audited by ey with outstanding acc standards. they maintain foreign exchange reserve rm83million in b/sheet but r u see in other local furniture com do so. maybe some acc expert can point out the facts.

pingdan

1,549 posts

Posted by pingdan > 2015-12-01 07:21 | Report Abuse

Haha this is not sunset industry pls. Furniture just a normal type of business. Is a need for human being and wont be outdated as time pass on. Human will still need furniture such as table, chair, desk etc even 50 or 100 years later. Just that the design maybe need to change. To ensure the company keep on improving, now they ventures into downstream industry to acquire sawmill and klin dry facilities.

pingdan

1,549 posts

Posted by pingdan > 2015-12-01 07:26 | Report Abuse

Ibkeat: foreign exchange reserve just a consolidation adjustment made by auditor to adjusr the retained earning to make sure prior year retained earning same with the value of retained earning in ringgit last year. Example during 2014, in vietnam account is usd100 which is rm330 in term of ringgit. Now 2015, brought forward retained earning account still usd100, but in term of ringgit, i already increase to rm430. Hence rm100 is foreign exchange reserve u understand?

Plus, the forex translation gain or loss (u see this after profit after taxation) did not included in the calculation of earning per share as it is just an adjustment to adjust the retained earning of the company.

lbkeat

132 posts

Posted by lbkeat > 2015-12-01 08:17 | Report Abuse

pingdan thanks ur advice but do u notice that other furniture com listed in bursa didn't practicing this kind of accounting standard

Posted by Pusher_Punisher > 2015-12-01 09:00 | Report Abuse

i also believe this 3 people is the same person.. hahaha as the other fool said, this is public forum, everybody entitled to their opinion

pingdan

1,549 posts

Posted by pingdan > 2015-12-01 09:10 | Report Abuse

ibkeat: Only company that have foreign entity which their subsidiary account presented in other than ringgit will have such foreign exchange translation practice. If ur subsidiary not foreign entity or their subsidiary account presented in ringgit, then wont have such thing incurred

pingdan

1,549 posts

Posted by pingdan > 2015-12-01 09:12 | Report Abuse

ibkeat: Because most of the production for latitude is from Vietnam and some part from thailand, hence it incurred such a huge foreign exchange translation every single quarter. Malaysia just tiny little account. Haha

lbkeat

132 posts

Posted by lbkeat > 2015-12-01 09:28 | Report Abuse

oic, learn alots from u pingdan thanks alot

pingdan

1,549 posts

Posted by pingdan > 2015-12-01 09:58 | Report Abuse

ibkeat: my pleasure

ck10

31 posts

Posted by ck10 > 2015-12-01 13:25 | Report Abuse

Thanks pingdan for u kind sharing

chshzhd

1,908 posts

Posted by chshzhd > 2015-12-01 13:57 | Report Abuse

thanks pingdan...

Alex Chan

3,915 posts

Posted by Alex Chan > 2015-12-01 17:54 | Report Abuse

Latitude could mirror KSeng story. Look at KSeng thread

ck10

31 posts

Posted by ck10 > 2015-12-01 18:24 | Report Abuse

Wei tree Shareholders' Meeting presenting recommendations: to create a win-win bonus shares - Bursa Hunter-net-Hunter | I3investor - http://klse.i3investor.com/blogs/kakashit/87372.jsp

Alex Chan

3,915 posts

Posted by Alex Chan > 2015-12-02 11:55 | Report Abuse

Theory
Management would stave shareholders until the retained profits and cash equals the cost of taking the remaining shares it does not own private.

Alex Chan

3,915 posts

Posted by Alex Chan > 2015-12-02 15:10 | Report Abuse

Theory
Happens a year or two after the Myr strengthens and all export rally is over, after all NTA is only circle RM5

chshzhd

1,908 posts

Posted by chshzhd > 2015-12-02 21:54 | Report Abuse

good theory:) but lets c what actually happen...

Posted by Lukesharewalker > 2015-12-03 09:10 | Report Abuse

Broke trend. Sideways or lower

chshzhd

1,908 posts

Posted by chshzhd > 2015-12-03 09:20 | Report Abuse

if got money..buy more..

Posted by Lukesharewalker > 2015-12-03 11:29 | Report Abuse

Well, not above 7....

chshzhd

1,908 posts

Posted by chshzhd > 2015-12-03 13:13 | Report Abuse

below 7.50 is ok

pingdan

1,549 posts

Posted by pingdan > 2015-12-03 13:26 | Report Abuse

chshzhd: u going AGM?

Posted by Lukesharewalker > 2015-12-03 17:38 | Report Abuse

Think a sharp plunge coming...coincide with after AGM.

Posted by Lukesharewalker > 2015-12-03 17:57 | Report Abuse

Insiders not buying....

chshzhd

1,908 posts

Posted by chshzhd > 2015-12-03 18:05 | Report Abuse

pingdan,i wont go agm, hope who goes will share the points here..tq!

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-12-03 18:31 | Report Abuse

I will attend the AGM.

pingdan

1,549 posts

Posted by pingdan > 2015-12-03 18:54 | Report Abuse

Hope to meet u there. I got another share that i accumulating. Maybe can share with u during agm. Haha

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-12-03 21:16 | Report Abuse

ok pingdan....

Posted by Chia Seng Soong > 2015-12-03 21:23 | Report Abuse

this company has not been distributing any dividend to shareholders since 2011. and with the money being reinvested back to its business, its current earning has grown 7 times if we compare to the earning they earned in 2011.... this shows that the company is very smart in managing the retained earnings to maximize shareholders' wealth...if we are to buy at the current price RM 7.35, PER =8.95x, as based on its historical share price, the highest PER that the price has ever met was at PER=6.9x, we might have to wait for quite a long time to grow our capital.

Alex Chan

3,915 posts

Posted by Alex Chan > 2015-12-03 21:46 | Report Abuse

Does not look too good, it could be all downhill from here. MYR is expected to strengthen after U.S. rates hike as that historically happens. So if corporate exercise, its game over...
except for a pathetic 12 cents

Alex Chan

3,915 posts

Posted by Alex Chan > 2015-12-03 21:46 | Report Abuse

So if no corporate exercise.....

chshzhd

1,908 posts

Posted by chshzhd > 2015-12-03 22:13 | Report Abuse

Haha...good theory somemore...

pingdan

1,549 posts

Posted by pingdan > 2015-12-03 22:26 | Report Abuse

He use his ass think again. Whole world say that usd will strengthen when us interest rate hike, he say will go down. Lol

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