latitud internatiol profit sgd 18,000.00 latest quater latitud group berhad have arount 77.8% latitud internatiol share sgd18,000.00 tranlates 2 rm is rm45,000.00 paid up of latitud group berhad is 99,800.00 rm45,000/99,800.00 is eps 0.45 is it ture?
The worst isn’t over for emerging markets after the benchmark stock index sank to a five-month low and the nations’ currencies tumbled, said Templeton Emerging Markets Group’s Mark Mobius. “The negative sentiment is pretty much in place so you can expect a lot of selling in the coming weeks, especially companies that have high foreign exposures" http://www.kinibiz.com/story/economics/70962/mobius-says-emerging-market-selloff-to-deepen-amid-outflows.html
do some adjustments brooke asia limited posts financial result by six months basis compare to bursa malaysia counters by quaterly basis so sgd18,000.00 net profit is for six months end 31/12/2013 i predict latitud tree holding berhad will earn at least 20eps coming quarterly results ended 31/12/2013 based on brooke asia limited results on friday coz latitud tree holding earnings mainly derived from vietnam factory, they only do small profit from malaysia and thailand operations furdermore strenthening of us against rm sure have positive impact to the company coz more than 90%of the com's products are expostr 2 us . now brooke asia is 100% subsidiary of latitud tree berhad. i'm sure the com will deliver the oustanding results later on. as a longterm invester i will more on predict the com future prospects rather then the macro aspect of the global economy. if u can predict the com future earning u can predict the com future price.
for the past ten years the company made profits every year and the average p/e is just around 5 maybe the furniture industry is not attractive compare 2 oil and gas industry more than 15x p/e.f It depends on the management 2 increase the value of the campany like declare special dividend or bonus issue
Trying to make sense of Brooke Asia (fka Lat Singapore). They reported S$118m (M$303mio) and profit after tax S$18m (M$46m) for their discontinued operation - meaning operation in Vietnam/Thailand - which are now 100% own by Latitude Malaysia. That means Lat3 M'sia international operation will contribute about 46mio/97.2mio or 47cts earning per share. Including their domestic operation, their eps for 6 months will be in excess of 47cts. Annualize it the company can make 70cts per share if the 2nd half (Jan - Jun 2014) are conservatively 23cts. This earning is just ridiculous. The company should make an immediate dividend declaration of at least 10cts and a stock split or bonus issue to make the share more liquids when they announced the 1st half results.
Plse take note that I don't vouch for the accuracy of my estimation. You need to do yr homework to corroborate if my info is accurate.
From the technical point of view, the share has broken the 1st resistance of 2.25/26 convincingly. With the fundamentals exerting so strongly on the share price, it is very likely to exceed 2.50 either today or the next few days. The day volume will probably >2.5mio which is all time high.
from the technical viewpoint, the stock has just broken out of its resistance of 2.25/26 convincingly to form a “Bullish Pennant” chart pattern. Readings from the key indicators such as MACD showed that the stock is poised to enter another bullish run. Based on the chart pattern, we expect the share price to climb towards the RM3.12 measurement objective over the next few months. We suggest that traders looking to buy into the stock should aim to take profit 3 bids below this targeted level at RM3.09, while employing a stop-loss at RM2.23 (3 bids below RM2.26 support).
Brooke Asia Ltd is not a subsidiary of Latitud anymore. Latitud has zero share of Asia Brook Asia Ltd. Latitud took back Vietnam operations 100% from Brooke Asia Ltd (formerly known as LTIG). Brooke Asia very soon going to become Broke Asia
I have LTIG (now known as Brooke Asia) for many years as it owned two very profitable companies in Vietnam. But it share price never moved.
When LTH proposed the "exchange and exit" exercise in early 2013, I immediately bought LTH at RM 80 cts then.
If the exercise could go thru, it would be very good for LTH, but I was doubtful that it would be silly for SGX to approve such thing. But, it went thru ...
My concluded view on this exercise is that :- SGX is simply silly.
LTIG turned from a very good company to an empty shell.
Congratulations to LTH and it management team and sorry to those who invested in LTIG.
I am OK as I am still holding on to those RM 80 cts shares.
Brooke Asia won't go broke. Infact many unlisted companies in South East Asia can make a quick public listing by just paying the current price of $0.28 per share which has a cash value of $0.20. 40% above cash value seems exorbitant. But the no. of shares is only 53.6mio which translate to about $5mio. To list a company, include underwriters fees, lawyers to draft the prospectus and many others private disclosures. All these cost money. A reverse takeover or back door listing is more simplify and avoid "tell all". So what you are seeing is the goodwill money for Brooke Asia shares. Hope others can dispute my findings for a healthy discussions.
I had a bad experience with a similar share: Total Control, later rename to Maveric.
The process was:
1) Initially, return only 50% of the cash to shareholders.
2) They hold on to reminding 50% for about 3 years saying that they are looking for new business. Maveric continued to pay Salaries, Rentals, Fees and Professional Service Charges for 3 years. Nothing materialise in 3+ years and easily 5% to 10% of the money was paid out.
3) After 3 years, return another 30% or so to share holders. The rest of about 10% to 15% was used to form a new company and shareholders were given a scrip telling him how many new shares he has. I did not see any company report or updates, since.
I think you are better off buying Lat3 Msia. The information is crystal clear for all to see. Even tho its latest result are not out, some info can be deduced with great certainty when Brooke Asia makes its latest result known. It keeps using the phrase "discontinued operation". The discontinued operation in Brooke Asia is the "continued operation" of Lat3 Msia. This continued operation shows M$308mio turnover and M$46mio net profit. Calculate yrself the EPS contribution from this continued operation. When Lat3 Msia finally releases its 1st half result, you will not even get at $3. I think. 11/02/2014 21:54
Brooke Asia NTA per share S$0.22 before S$0.10 dividend. After dividend, NTA per share will be around S$0.12. today trading at S$0.28 over NTA by S$0.06 so called goodwill? better buy LTH
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ganneeneh
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Posted by ganneeneh > 2014-01-24 12:16 | Report Abuse
Red red today