katara

y must sell😁

1 month ago

alivetoinvest

up 1 cent, down 2 cent lol waste time here

1 month ago

alivetoinvest

teoseng printing

1 month ago

bose00

matter of time fly past towards 0,8x

1 month ago

share4u888

washing plate.....

1 month ago

bose00

been doing trade swing. 0.690-0.765 ~ . now awaiting to explode.

1 month ago

GLNT

Investment bankers and brokers syok sendiri, buy sell buy sell...Yawn..

1 month ago

SMInvest

hold tight

1 month ago

Mikecyc

Current Ratio 1.32
Debt-Equity (DE) Ratio 1.54
FCF Yield 2.24 %
Revenue QoQ -2.32 %
Revenue YoY -2.44%

1 month ago

Mikecyc

Haha Warchest is it a bad company with bad management that managed until High Debt !!!

1 month ago

Mikecyc

Haha this is not a Good Sign le :

Change in Principal Officer

LEONG HUP INTERNATIONAL BERHAD

Date of change 01 Jan 2025
Name MR CHONG CHOON YENG
Age 53
Gender Male
Nationality Malaysia
Type of change Appointment
Designation Chief Financial Office

1 month ago

Mikecyc

Haha some more Total Assets is Reduced by RM 115 million from Dec 2023 to June 2024 !

1 month ago

Income

Posted by Mikecyc > Nov 6, 2024 7:10 PM | Report Abuse

Haha some more Total Assets is Reduced by RM 115 million from Dec 2023 to June 2024 !

?


Bravo, Mcyc dug out all hanky panky.
U are the best!

1 month ago

Mikecyc

Haha alamak on DY :

2019 : 2.06 %

2020 : 0.79 %

2021 : 1.21 %

20222 : 0.0 %

2023 : 4.20 %

The worst is since Listed on 2019 ..Price is down only from ard RM 1.07 …until 52W : 0.510 —- 0.775

> is a bad company with bad management…. Better put in FD with higher Return … what is yr point of views , Warchest ?

1 month ago

Mikecyc

Haha QR ended June 2024… Profit RM 96.5 million but Total Assets is reduced by RM 115 million !

1 month ago

GLNT

Net Asset increasing lah..aiyo

1 month ago

GLNT

Who calculate total assets? Don't have liabilities? Money earned used to pay down debts, net asset increasing lor...this is the most basic accounting...aiyo

1 month ago

Mikecyc

Leong Hup International Berhad (KLSE:LHI) investors are sitting on a loss of 19% if they invested five years ago

1 month ago

Mikecyc

Haha that’s why …

Change in Principal Officer

LEONG HUP INTERNATIONAL BERHAD

Date of change 01 Jan 2025
Name MR CHONG CHOON YENG
Age 53
Gender Male
Nationality Malaysia
Type of change Appointment
Designation Chief Financial Office

1 month ago

GLNT

Hahaha! Good news then. A change in direction

1 month ago

Mikecyc

Haha Warchest what a bad company with bad management le … teruknya sampai Huge Debt !!

1 month ago

lazzo88

Ya, the price is way below its IPO price, Mikecyc

2 weeks ago

Eggplant

That's bad ... https://theedgemalaysia.com/node/736822

2 weeks ago

GLNT

Finally, get it over and done with. No more negative news is pending. Stock can start flying. Please sell all your holdings for me to accumulate. Terima kasih

2 weeks ago

chamlo

So LHI must pay >RM 80 million in fine?
https://theedgemalaysia.com/node/736822

2 weeks ago

SMInvest

GLNT@ hold tight

1 week ago

ckwee168

In consultation with its external legal counsels, the Company’s wholly owned subsidiary, LFM will file an application for leave to institute judicial review proceeding against the CAT Decision on Stay and seek an ad interim stay order in relation to the MyCC’s Decision requiring payment of the financial penalty.

LHI is now taking the case to Court to appeal against the Tribunal's decision; and to seek Court's intervention to "put on hold" the order for immediate payment of the fine imposed ..

1 week ago

supersaiyan3

在這個事情上，他們的麻煩還不止如此。

1 week ago

speakup

LHI already made impairment in Q1 results, so what's the issue now?

1 week ago

warchest

U see the free cashflow every quarter. one quarter also more than enough to pay the settlement. For LHI, it's easy peasy

1 week ago

Ravetidus

@speakup, not good to mislead fellow investors, this is a penalty (fine), there is no impairment per say, this amount previously was disclosure as a contingent liability but now since they lost the appeal, will be reflected in the coming quarter results

1 week ago

cheated

Why down 4 sen today if like nothing happened?

1 week ago

cheated

What if the fine keep continue and not 1 off? Flood in many places sure govn need money.

1 week ago

trader808

1. All these while since 2023 when the appeal proceeding is still on going, Leong Hup has treated the legal penalty as a Contingent Liability. Hence it is placed and categorized as an off-balance sheet item.

2. when it is place as an off-balance item, the penalty and payment is assumed to be 50%/50% chance and hence payment is only considered possible -> Disclose a contingent liability.

3. Last Friday LHI in its filing with Burse confirmed CAT has rejected its appeal and uphold the MYCC verdict and the payment of 157m penalty.
When this happened, the penalty has become greater than 50% and the payment is highly probable.

4 Going forward LHI may have to respect the verdict, recognize the penalty and makes a provision and charge it against profits in P/L accounts.

5 Despite the decision, the Company together with its legal team still try their best with determination to downplay the situation. Actually, the legal notice by MyCC has been issued since 2023, but Leong Hup has continued to disclose it only as a contingent liability up to the latest quarter.

6 IMPORTANT NOTE (in December 2024 latest news):
Competition Appeal Tribunal (CAT) has rejected the request by LHI's subsidiary, (LFM) to pause or temporarily stop ("stay") the enforcement of the fine. This means that as of now, LFM is STILL REQUIRED TO PAY THE PENALTY.

7LHI in its filling with Bursa again to inform investors it intends to seek another type of temporary relief known as ad-interim to stop the enforcement of the fine while the review is ongoing. There is no guarantee that the review is forthcoming.

8 In my opinion, the payment of penalty seems highly probable now considering the latest news and decision by CAT. Auditors are RISK-AVERSE and will definitely require a provision to be recognized in the coming quarter results. In the end as much as we may not like it but a fall in profits by the provisional amount of RM157m is reasonably expected.

9 This has been a disturbing news for LHI and Market has reacted somewhat negatively. It is now traded at 60sen down 4 sen.

10 This is my personal perception and opinion on LHI.
This is not a recommendation to buy or sell and much less intended to influence your strategy and decision.

11 Happy trading
9/12/2024

1 week ago

Chipee

Go to high court just like GRAB against MyCC. GRAB won the case. So this is expected with LHI to all the way to High Court.

1 week ago

warchest

we have precedent like the case of Grab. LHI just need to file in application of judicial review with Court of Appeal. Eventually Grab won. Just keep fighting

1 week ago

Ravetidus

refer to the evidence shared by MyCC (including messages), then only u can make informed decision

1 week ago

GLNT

Share buybacks incoming. First time ever in history

1 week ago

Chipee

Have to see the context of the messages. Peers in any industry always in communication. If their conversation is about cost of corn and soybeans are going up. That's just stating facts. As peers and also competitors, conversation on HOW MUCH they are increasing their price is like revealing their secret and no experience business people will do especially on commoditize products. Pricing is their advantage.

Ravetidus

refer to the evidence shared by MyCC (including messages), then only u can make informed decision

1 week ago

GLNT

Share buybacks everyday, following Shin Yang?

1 week ago

Eggplant

PPB has filed judicial review against MyCC. How about LHI ...?

1 week ago

markgold

Be greedy when others are fearful.

1 week ago

warchest

It is undervalued. They have the regional exposure not only in Malaysia but all the major jurisdictions in ASEAN, catering over 700mil population. just started their share-buy back but already purchase >5mil shares - more to go. Even the worst outcome - they need to commit to the fine of RM155mil, within a quarter they already settled it with their strong free cashflow

3 days ago

protoking

big big selling pressure, see whether they can withstand

3 days ago

GLNT

Boss happily buys 3mil shares everyday

2 days ago

Eggplant

The company buys back shares, not the boss

1 day ago

SMInvest

There are many benefits to a company buying back its own shares, including:
Increased earnings per share (EPS)
Repurchasing shares lowers the capital base, which increases EPS. This can make a company's earnings growth appear better than it actually is.
Higher dividend yield
After a share buyback, a company can benefit from a higher dividend yield.
Attracting new investors
A buyback can boost a stock's EPS, which can reduce its P/E ratio. This can make the stock appear more attractive to new investors.
Rewarding shareholders
A buyback allows a company to return money to shareholders, especially if the company believes its shares are undervalued.
Tax efficiency
A share buyback can be taxed at a lower rate than dividends.
Defense against hostile takeover
A company can use a share buyback to create a defense plan against a hostile takeover.
Offsetting stock-based compensation
A company can use a buyback to cover up stock issuance to managers, which dilutes shareholder ownership.
Efficient use of cash
A company with substantial cash reserves can efficiently use its money by buying back shares.

1 day ago

stevenckheng

so much treasury share, gonna issue bonus and warrant ?

10 hours ago

speakup

Likely share dividend coming

9 hours ago

Chipee

Share dividend will not subject to 2% tax right?

2 hours ago