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

ganneeneh

180 posts

Posted by ganneeneh > 2014-01-24 12:16 | Report Abuse

Red red today

heavyth

848 posts

Posted by heavyth > 2014-01-26 15:29 | Report Abuse

director disposed shares on 21/01/14 > 631,000 !!!!

crab

35 posts

Posted by crab > 2014-01-29 00:27 | Report Abuse

when only achieve TP 3.85? :P

jeff10000

136 posts

Posted by jeff10000 > 2014-02-06 08:47 | Report Abuse

Anyone knows when Latitude Tree will post its latest results. That is the 1st half FY2014 for quarter ending Dec 31 2013.

indah

13 posts

Posted by indah > 2014-02-07 21:26 | Report Abuse

good result

jeff10000

136 posts

Posted by jeff10000 > 2014-02-08 11:10 | Report Abuse

Can share how u know the result will be good?

lbkeat

132 posts

Posted by lbkeat > 2014-02-08 13:44 | Report Abuse

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?

lbkeat

132 posts

Posted by lbkeat > 2014-02-08 13:44 | Report Abuse

i think monday morning will surge

lbkeat

132 posts

Posted by lbkeat > 2014-02-08 21:57 | Report Abuse

BROOKE ASIA LIMITED(latitud international berhad) give 0.10 special tax exampted dividend how about latitud tree holding berhad

jeff10000

136 posts

Posted by jeff10000 > 2014-02-08 23:30 | Report Abuse

Tis 10cts div are for year ending jun 2013 and not for results just announced.

ganneeneh

180 posts

Posted by ganneeneh > 2014-02-08 23:41 | Report Abuse

Furniture exporters BEWARE :

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

siawhui

55 posts

Posted by siawhui > 2014-02-09 00:02 | Report Abuse

latitude foreign holding is not high your article irrelevant

lbkeat

132 posts

Posted by lbkeat > 2014-02-09 00:11 | Report Abuse

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.

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-09 10:30 | Report Abuse

4th round profit starts now (bought 2.11)

Posted by faberlicious > 2014-02-09 11:02 | Report Abuse

Hi seph,u really champion.In,out,in,out.Must try it myself.

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-09 11:04 | Report Abuse

fab, can u see the trend, always ding dong 2.08 to 2.2X, must cash in on this big time for a 15-20 sen profit

lbkeat

132 posts

Posted by lbkeat > 2014-02-09 11:14 | Report Abuse

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

Posted by faberlicious > 2014-02-09 13:02 | Report Abuse

yeah,seph.Notice there is always support around 2.05.

indah

13 posts

Posted by indah > 2014-02-09 18:47 | Report Abuse

good counter

lbkeat

132 posts

Posted by lbkeat > 2014-02-10 09:12 | Report Abuse

broke aisa limited open at 20% gain at singapore exchange
how about latitud

lbkeat

132 posts

Posted by lbkeat > 2014-02-10 09:16 | Report Abuse

i think today will at least 2.50 or break the previous high
huat ar

Posted by faberlicious > 2014-02-10 09:20 | Report Abuse

seph,letty on fiRe !

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-10 09:20 | Report Abuse

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

lbkeat

132 posts

Posted by lbkeat > 2014-02-10 11:59 | Report Abuse

broke asia posted 30% capital gain until now from 0.20 to 0.265

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-10 15:29 | Report Abuse

let go too soon at 2.38

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-10 15:56 | Report Abuse

buy back some at 2.42

jeff10000

136 posts

Posted by jeff10000 > 2014-02-10 16:08 | Report Abuse

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.

jeff10000

136 posts

Posted by jeff10000 > 2014-02-10 16:24 | Report Abuse

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.

lbkeat

132 posts

Posted by lbkeat > 2014-02-10 23:36 | Report Abuse

broke asia limited posted 36% capital gain in a single day i hope latitud can catch up tomorrow

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-10 23:37 | Report Abuse

brooke asia is a cash company now, all its subsidiaries swallow up by latitud

lbkeat

132 posts

Posted by lbkeat > 2014-02-10 23:42 | Report Abuse

why brooke asia still listed at singapore exchanges since it is 100% own by latitud

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-10 23:53 | Report Abuse

brooke asia gonna find new core biz soon

lbkeat

132 posts

Posted by lbkeat > 2014-02-10 23:54 | Report Abuse

oic that's mean broke asia now are cash shell company

sephiroth

14,145 posts

Posted by sephiroth > 2014-02-11 09:47 | Report Abuse

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).

Posted by ismailkarin > 2014-02-11 11:32 | Report Abuse

After yesterday's euphoria, it is puncturing now...

Fitri

143 posts

Posted by Fitri > 2014-02-11 11:59 | Report Abuse

sephiroth, 'we' tu siapa?

BursaJedi

49 posts

Posted by BursaJedi > 2014-02-11 14:29 | Report Abuse

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

BursaJedi

49 posts

Posted by BursaJedi > 2014-02-11 14:33 | Report Abuse

Fitri, we referring to Kenanga research team as the paragraph was cut and paste from Kenanga report.

Posted by wilkinsonyeo > 2014-02-11 16:10 | Report Abuse

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.

asamlaksa

675 posts

Posted by asamlaksa > 2014-02-11 16:22 | Report Abuse

Smart investors will buy at current price, average investors will buy only after LTH announced superb Q results end of this month :)

jeff10000

136 posts

Posted by jeff10000 > 2014-02-11 16:37 | Report Abuse

Wilkinsonyeo, Lat3 Msia uses this SCR scheme to purchase all the factories of Lat3 Singapore. Did u attend the EGM and vote against it?

Posted by wilkinsonyeo > 2014-02-11 16:48 | Report Abuse

No, it would be a waste of time, and SGX would not be present in the meeting.

I was actually hoping that the exercise could go thru so that my investment in Lat3 Msia would appreciate.

jeff10000

136 posts

Posted by jeff10000 > 2014-02-11 18:11 | Report Abuse

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.

Posted by wilkinsonyeo > 2014-02-11 18:33 | Report Abuse

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.

jeff10000

136 posts

Posted by jeff10000 > 2014-02-11 19:00 | Report Abuse

Tks for sharing wilkinson

member41

3,718 posts

Posted by member41 > 2014-02-11 19:27 | Report Abuse

Hi Jeff if we buy Brooke Asia now how is the share price likely to move up to ex div date and beyond.

jeff10000

136 posts

Posted by jeff10000 > 2014-02-11 21:40 | Report Abuse

Sorry I am quite bad in predicting. U need to do yr homework and share with us.

jeff10000

136 posts

Posted by jeff10000 > 2014-02-11 21:55 | Report Abuse

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

BursaJedi

49 posts

Posted by BursaJedi > 2014-02-12 09:38 | Report Abuse

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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