RHONG KHEN INTERNATIONAL BERHAD

KLSE (MYR): RKI (7006)

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Last Price

1.18

Today's Change

0.00 (0.00%)

Day's Change

1.18 - 1.18

Trading Volume

2,000


9 people like this.

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

jeff10000

136 posts

Posted by jeff10000 > 2017-01-05 11:12 | Report Abuse

5.30 strong resistance. when broken, 5.80 next resistance. Any
comment fr any guru?

Posted by foreign_fund > 2017-01-06 06:12 | Report Abuse

Donald Trump to become US president on 20th Jan. Will he keep promise to implement US protectionist policy? If not can revoting happen?

jeff10000

136 posts

Posted by jeff10000 > 2017-01-10 12:14 | Report Abuse

5.30 breaking soon. Dont miss this opportunity. Load up.

lching

1,402 posts

Posted by lching > 2017-01-10 15:12 | Report Abuse

540 broken!!!

lching

1,402 posts

Posted by lching > 2017-01-10 15:12 | Report Abuse

what is the news?

jeff10000

136 posts

Posted by jeff10000 > 2017-01-10 15:25 | Report Abuse

Next resistance is 5.80

jeff10000

136 posts

Posted by jeff10000 > 2017-01-10 15:48 | Report Abuse

Chartist does not have news.

Kesley Tan

2,082 posts

Posted by Kesley Tan > 2017-01-11 12:01 | Report Abuse

no news. strong dollar.

lskhin

72 posts

Posted by lskhin > 2017-01-18 14:56 | Report Abuse

i expect that coming quarter result (as at 31 Dec 2016) will be very good. Reason is because during Oct till Dec 2016, MYR depreciate from RM 4.15 to RM 4.40. Every 10 cent depreciate in MYR will give good revenue to the company.

Posted by foreign_fund > 2017-01-25 12:40 | Report Abuse

Yesterday Donald Trump say no to TPP today U-turn?

sosfinance

1,305 posts

Posted by sosfinance > 2017-02-03 23:19 | Report Abuse

SmartInvestors@ attended the AGM and its management mentioned competition from China, long term investors should monitor this development closely. (short term participants should be ok, financial looks decent).

I have observed over the years, China competitors can actually negatively effect the local manufacturers, such as Ekowood. (May be others that I may not be familiar with).

hng33

20,465 posts

Posted by hng33 > 2017-02-08 15:16 | Report Abuse

sold off all latitude at 5.38, lock all paper profit, free up capital

probability

14,490 posts

Posted by probability > 2017-02-21 17:22 | Report Abuse

fantastic results

YiStock

1,984 posts

Posted by YiStock > 2017-02-21 17:37 | Report Abuse

best quarter so far...really good investment

probability

14,490 posts

Posted by probability > 2017-02-21 18:21 | Report Abuse

but...pls dont rush and buy like Choo Bee on first day ha...next day will drop one! :(

Posted by Alex Lim Jun Xiong > 2017-02-21 18:36 | Report Abuse

Result so good?
Gross profit drop, just other income that boost up the net profit.

Revenue
For the quarter under review, the Group’s revenue surged marginally by 1.9% to RM209.4
million as compared to the preceding quarter of RM205.4 million. The marginal increase
was mainly due to strengthening of US Dollar against Ringgit Malaysia by 3.4%. *However,
the Group’s revenue in the USD term decreased due to drop in orders.*

Gross profit
Gross profit of the Group amounted to RM72.4 million in HY2017, representing a decrease
of 6.2% from RM77.2 million in HY2016. The decrease was in line with the decrease in
revenue and higher labour costs and increase in prices of certain raw materials.

Any1 can advise on these?

Ku2016

52 posts

Posted by Ku2016 > 2017-02-21 18:49 | Report Abuse

So....will drop tomorrow?

probability

14,490 posts

Posted by probability > 2017-02-21 18:51 | Report Abuse

no..it confused - no trading.

chrisyap

615 posts

Posted by chrisyap > 2017-02-21 18:56 | Report Abuse

Hope there is some mini jackpot here tomorrow.. hehe

Val-Elta

682 posts

Posted by Val-Elta > 2017-02-21 20:26 | Report Abuse

It's not a bad result, even if you exclude the 7.6 million 'Other Income' the EPS is still at a very healthy 29 cent for this quarter.
Considering the so called challenges from the other chinese manufacturers, you could even consider it as a positive signal that they are able to more or less maintain their market share "only slight drop" in terms of revenue.
And they countered this with higher margin too.

They have something that allows them to keep their margin, and market share. Which is definitely a good sign.

Val-Elta

682 posts

Posted by Val-Elta > 2017-02-21 20:28 | Report Abuse

Definitely oversold at this price. And should easily be worth close to RM7 if you're conservative, or if you really want to ride it all the way to the top, even RM9-10

chrisyap

615 posts

Posted by chrisyap > 2017-02-21 21:10 | Report Abuse

wah.. cash balance + investment securities increase around 50mil in just one quarter ! around 0.50 per share ! this time cantek liao

icn88

18 posts

Posted by icn88 > 2017-02-21 23:18 | Report Abuse

Cash all time high at RM227 million, market cap now only RM551M with latest quarter net profit 32M. For hevea, nearest quarter 17M and market cap RM773. And Latitude cash level easily beat Hevea, dont forget Hevea got dilution effect from warrant haven't factor in. Why market give low valuation to Latitude?

lbkeat

132 posts

Posted by lbkeat > 2017-02-22 00:17 | Report Abuse

last time i predicted latitud annual turnover rm 800m and 12% net pmargin but obviously latitud spend the money for upstream activities(takeover and build up laminated woods processing com)to increase the com profit margin rather than push up thier production capibility to increase sales.latitud also build up new r & d centre and latest technology production line in vietnam for high margin products. good job done latitud.

chrisyap

615 posts

Posted by chrisyap > 2017-02-22 08:55 | Report Abuse

we are in good shape liao today, our tp RM 7 soon will come

chrisyap

615 posts

Posted by chrisyap > 2017-02-22 08:59 | Report Abuse

We need someone to sell else it cannot go up hehe

cherry88

986 posts

Posted by cherry88 > 2017-02-22 09:08 | Report Abuse

no energy...........not to my expectation....take profit

jeff10000

136 posts

Posted by jeff10000 > 2017-02-22 11:05 | Report Abuse

Its interesting to note that the NAPS (Net Asset per share) has risen by almost $0.56 to $5.85 when the Foreign currency translation gain of $21.82mio is added.

kakashit

1,472 posts

Posted by kakashit > 2017-02-22 11:11 | Report Abuse

先退一点潮,后面就回来个Tsunami

newbie92

418 posts

Posted by newbie92 > 2017-02-22 22:26 | Report Abuse

Investor fed up with Latitude management, stingy and old-fashioned.
Liihen better.

lloydlim

3,969 posts

Posted by lloydlim > 2017-02-23 09:57 | Report Abuse

Hopefully can get below 5.50

Posted by Shachold Lim > 2017-02-23 10:08 | Report Abuse

Still cant fly wif tis result. Tis counter reli must look into how to reward investor lo...

WaAdaLui

1,225 posts

Posted by WaAdaLui > 2017-02-23 15:37 | Report Abuse

Aiyo.... good QR but.......
Con ppl all de way from 6.00 until........ stil more to down?
Bad bad.....

1n1792

428 posts

Posted by 1n1792 > 2017-02-23 16:28 | Report Abuse

Steady fellas... Rome was not build in a day!!

WaAdaLui

1,225 posts

Posted by WaAdaLui > 2017-02-23 17:18 | Report Abuse

Suddenly fly high n close at 5.75!!!!!
Why ar? Tomorow continue de con con show ka?

Davidl

1,816 posts

Posted by Davidl > 2017-02-23 18:25 | Report Abuse

More to drop tomorrow?

cherry88

986 posts

Posted by cherry88 > 2017-02-23 22:51 | Report Abuse

Kyy is existing lah

lloydlim

3,969 posts

Posted by lloydlim > 2017-02-24 12:32 | Report Abuse

5.50 coming!

lloydlim

3,969 posts

Posted by lloydlim > 2017-02-28 10:35 | Report Abuse

Manage to get 5.50, good!

newbie92

418 posts

Posted by newbie92 > 2017-02-28 15:21 | Report Abuse

Good news coming, buy !!!

Davidl

1,816 posts

Posted by Davidl > 2017-02-28 22:20 | Report Abuse

Waiting to buy more at 5.00

Posted by deadchicken > 2017-03-02 12:51 | Report Abuse

RM 10 coming

Ku2016

52 posts

Posted by Ku2016 > 2017-03-02 17:13 | Report Abuse

Waiting to buy.....At 5.00

Posted by deadchicken > 2017-03-04 08:43 | Report Abuse

3月美聯儲若加息 美元或大漲10%

Davidl

1,816 posts

Posted by Davidl > 2017-03-06 11:45 | Report Abuse

I'm not too optimistic on US rate hike.

suregain

1,611 posts

Posted by suregain > 2017-03-06 15:44 | Report Abuse

useless counter..

suregain

1,611 posts

Posted by suregain > 2017-03-06 15:49 | Report Abuse

feng sui master said tis year wood counter no good... look at all wood n furniture, all dead...

Davidl

1,816 posts

Posted by Davidl > 2017-03-06 17:18 | Report Abuse

If no confidence better sell off now.

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