you think it is overpriced then you may sell, we think it is undervalued with future growth then we buy and keep~ you will know what's the price of leesk on end of July or Aug 2018. Cheers~
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD LEE SWEE KIAT GROUP BERHAD
Type Announcement Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD Description Dealings by the Director during outside closed period pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
The Executive Director of Lee Swee Kiat Group Berhad ("the Company"), Lee Kong Yam, has given notice of his dealings in the securities of the Company during outside closed period as follows:- Date of Transaction Type of Securities No. of Securities Acquired Price Transacted (RM) Percentage (%) Name of Registered Shareholder 19.06.2018 Ordinary Shares 628,600 0.843 0.385 Lee Kong Yam
brother, let god to decide who no.1st in Group G.I am not football fans, but news said their disciplinary records to decide if thursday’s match ends in a draw
every counter in share market will up will down, horse will run will stop, i think many of us here never expect leesk will rise forever for 10 years continuously. anyway, thanks to shpg22.
bro, as mentioned, this golden black horse will be in uptrend and move towards 1.0x~1.1x, and soon CIMB and others will upgrade their target price (RM1.3x~RM1.5x).
Not just "make tilam", it has found a niche in 100% natural latex bedding products not just locally but even more exported outside of Malaysia. Prospects look bright.
Yesterday, LEESK jumped 6.5 sen (+7.26%) to mark a record close of RM0.960 under the support of exceptional trading volume. In addition to the positive resistance breakout, display of a long-white-bodied candlestick further substantiates the bullishness towards the stock. Overall, the underlying uptrend of LEESK remains intact with key SMAs and momentum indicators continue strong positive displays. From here, follow through buying could pave the price towards resistances at RM1.10 (R1) and RM1.20 (R2). Conversely, supports are identified at RM0.860 (S1) and RM0.800 (S2).
From here, follow through buying could pave the price towards resistances at RM1.10 (R1) and RM1.20 (R2). Conversely, supports are identified at RM0.860 (S1) and RM0.800 (S2).
I believe and trust Leesk is good counter, that's the reason I am still holding and keep buying. By this month end maybe it will test RM 1, but can it be sustained?... Market volatile.
Datuk Eric Lee’s company is currently at the semi-automation stage. Last year, he installed a new production line that is able to produce a higher output of 30% to 50% with the same amount of labour.
Lee is managing director of Lee Swee Kiat Group Bhd, the owner of Mattressworld Marketing Sdn Bhd, which is in the latex production industry. He is also president of the Kuala Lumpur and Selangor Furniture Industry Association.
“I am working with a few automation companies in Germany. They came over to study my operations and we are discussing automation,” says Lee.
One process that he has automated is the opening and closing of an oven after latex is injected into an aluminium mould and left in the oven. Another process he has automated is the mixing of compounds.
“Sometimes the production time can be as late as midnight, so the workers have to be there to plan the mixing. But now, we have a semi-auto compounding system that allows us to pre-set the time and formula,
and to auto mix,” says Lee.
The company is growing rapidly so its goal is not to reduce labour in the short term but use the same amount of labour to produce much more. Lee hopes to reduce the number of workers by 2020. The investments in the mechanisation process have cost him about RM3 million so far.
Going forward, he plans to work with foreign experts to install robotic arms. He also intends to apply for the Automation Capital Allowance. “The process is quite stringent, but we are trying to invite an officer from the Malaysian Investment Development Authority to come over so we can show them to what extent mechanisation can help us save on labour,” says Lee.
He suggests that the government agencies make the application process for incentives less bureaucratic with clearer guidelines so that companies can understand whether they qualify for them. He hopes there will be more grants or subsidised loans for automation in the near future.
He also hopes the government will encourage more local automation consultants as many of the existing ones are European companies, whose fees are higher. “The government could encourage more automation consultants or bring in companies from China,” says Lee, adding that he had spent RM600,000 to RM800,000 just for the initial proposal, consulting, testing and research.
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....
unclelimhuat
1,104 posts
Posted by unclelimhuat > 2018-06-22 13:40 | Report Abuse
you think it is overpriced then you may sell, we think it is undervalued with future growth then we buy and keep~ you will know what's the price of leesk on end of July or Aug 2018. Cheers~