Highlights
KLSE: LATITUD (7006)       LATITUDE TREE HOLDINGS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
2.85   0.00 (0.00%)  2.84 - 2.86  10,700
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Insider - Company

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Ann. Date Details of Changes View
From To Type No. of Shares Min Price Max Price Total Amount
11-Oct-2019 11-Oct-2019 11-Oct-2019 Buyback 9,300 2.720 2.750 25,446.01 View Detail
10-Oct-2019 10-Oct-2019 10-Oct-2019 Buyback 90,000 2.730 2.760 246,600.00 View Detail
09-Oct-2019 09-Oct-2019 09-Oct-2019 Buyback 5,000 2.750 2.750 13,750.00 View Detail
17-Sep-2019 17-Sep-2019 17-Sep-2019 Buyback 5,000 2.950 2.950 14,750.00 View Detail
13-Sep-2019 13-Sep-2019 13-Sep-2019 Buyback 420,000 2.880 2.900 1,214,900.40 View Detail
12-Sep-2019 12-Sep-2019 12-Sep-2019 Buyback 81,900 2.900 2.920 237,709.84 View Detail
06-Sep-2019 06-Sep-2019 06-Sep-2019 Buyback 135,000 2.890 2.930 391,150.35 View Detail
04-Sep-2019 04-Sep-2019 04-Sep-2019 Buyback 727,000 2.900 3.220 2,133,417.85 View Detail
03-Sep-2019 03-Sep-2019 03-Sep-2019 Buyback 66,500 3.180 3.350 215,602.31 View Detail
30-Aug-2019 30-Aug-2019 30-Aug-2019 Buyback 5,000 3.370 3.380 16,880.00 View Detail
29-Aug-2019 29-Aug-2019 29-Aug-2019 Buyback 6,500 3.380 3.390 22,006.99 View Detail
28-Aug-2019 28-Aug-2019 28-Aug-2019 Buyback 19,500 3.370 3.390 65,775.06 View Detail
27-Aug-2019 27-Aug-2019 27-Aug-2019 Buyback 5,800 3.380 3.390 19,629.00 View Detail
26-Aug-2019 26-Aug-2019 26-Aug-2019 Buyback 11,000 3.380 3.390 37,245.01 View Detail
22-Aug-2019 22-Aug-2019 22-Aug-2019 Buyback 8,300 3.380 3.400 28,164.00 View Detail
21-Aug-2019 21-Aug-2019 21-Aug-2019 Buyback 5,700 3.360 3.360 19,152.00 View Detail
29-Aug-2018 29-Aug-2018 29-Aug-2018 Buyback 5,700 3.290 3.300 18,780.99 View Detail
28-May-2018 28-May-2018 28-May-2018 Buyback 5,800 3.270 3.270 18,966.00 View Detail
25-May-2018 25-May-2018 25-May-2018 Buyback 17,200 3.230 3.250 55,756.04 View Detail
24-May-2018 24-May-2018 24-May-2018 Buyback 41,900 3.230 3.250 135,461.02 View Detail
23-May-2018 23-May-2018 23-May-2018 Buyback 44,800 3.230 3.250 145,083.01 View Detail
22-May-2018 22-May-2018 22-May-2018 Buyback 153,300 3.200 3.250 495,422.68 View Detail
31-May-2010 31-May-2010 31-May-2010 Buyback 19,900 1.760 1.760 35,280.65 View Detail
17-Oct-2019 09-Oct-2019 11-Oct-2019 Buyback 104,300 2.720 2.760 285,796.01 View Detail
18-Sep-2019 06-Sep-2019 17-Sep-2019 Buyback 641,900 2.880 2.950 1,858,510.59 View Detail
06-Sep-2019 29-Aug-2019 04-Sep-2019 Buyback 805,000 2.900 3.390 2,387,907.15 View Detail
30-Aug-2019 21-Aug-2019 28-Aug-2019 Buyback 50,300 3.360 3.400 169,965.07 View Detail
05-Sep-2018 29-Aug-2018 29-Aug-2018 Buyback 5,700 3.290 3.300 18,780.99 View Detail
11-Jun-2018 28-May-2018 28-May-2018 Buyback 5,800 3.270 3.270 18,966.00 View Detail
31-May-2018 22-May-2018 25-May-2018 Buyback 257,200 3.200 3.250 831,722.75 View Detail
14-Jun-2010 31-May-2010 31-May-2010 Buyback 19,900 1.760 1.760 35,280.65 View Detail
08-Apr-2011 08-Apr-2011 08-Apr-2011 Resale 19,900 1.810 1.870 36,391.82 View Detail
15-Apr-2011 08-Apr-2011 08-Apr-2011 Resale 19,900 1.810 1.870 36,391.82 View Detail
Analyze this stock with MQ Trader system

  9 people like this.
 
jibbie wow.. very poor result. what happened
28/08/2018 6:03 PM
jibbie the worst is over for lattitude says director.

http://www.theedgemarkets.com/article/worst-over-latitude-tree-says-director
28/08/2018 6:16 PM
shareinvestor88 Sell AND run
28/08/2018 6:49 PM
apolloang worst is over from profit turn to loss? tipu punya director,tomoro very red....hehe
28/08/2018 6:53 PM
lkoky walao!!! no eye c
28/08/2018 7:08 PM
Data5000 I think limited down
28/08/2018 9:06 PM
WarrenBuffalo Not necessary, this company big loss due to Fire Incident this quarter. Causing Inventory and plant write off rm13.9 Million, which is one off expenses and might able to get claim from insurance in coming quarters.
29/08/2018 12:18 AM
kakashit When got fire? not announced one?
29/08/2018 8:16 AM
deepsea Warren B,
you are good reader, able to analyse properly...…..unlike others who failed to read properly...…hmmm due to poor understanding of English???

Waiting to collect from today onward, hopefully there are many stupid sellers who failed read properly.......
29/08/2018 9:14 AM
Data5000 Semua orang bodoh baru u pandai
29/08/2018 10:05 AM
cherry88 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5796985
29/08/2018 10:41 AM
deepsea real stupid to think limit down
29/08/2018 12:25 PM
jibbie drop not too bad
29/08/2018 1:21 PM
deepsea too many buyers were buying/collecting ...........the company manages to buy back few lots only.
Ha ha ha ..........anyway, few kiasi/stupig fools sold at below 3.20........thank you for selling below 3.20....he hee hee
29/08/2018 5:54 PM
Icon8888 Buying new land in Vietnam to expand factory
14/09/2018 8:59 PM
Jasper Coo Lets make it happen, keep on buying ! Slowly but surely yeah
18/09/2018 11:54 AM
yfchong Ada 6 cts
10/10/2018 9:14 PM
yfchong In bed room panel..
03/11/2018 2:34 PM
qmtronic Good for punters
16/11/2018 12:02 PM
yfchong Samarang units..... who r they.... keep on buying mesti ada kang tau
18/11/2018 11:16 AM
deepsea Good results compared to previous qtr (Q4/2018) Revenue increased by 23% and GP increased by 54% to RM24.6mil.
28/11/2018 11:07 AM
yfchong OK boh.... Can meet pe 15...?
13/01/2019 5:20 PM
neverlose how will latitud do in 2019?
18/01/2019 5:43 PM
yfchong Per 10 x eps
20/01/2019 6:46 AM
yfchong New world....
27/01/2019 12:31 PM
yfchong Need samarang
17/02/2019 9:28 AM
member41 Result not bad and quarterly dividend 3sen :)
27/02/2019 5:56 PM
yfchong Tears also drop
27/02/2019 6:42 PM
Ku2016 PE...still very very high
27/02/2019 9:21 PM
yfchong If can maintain eps 50 cts for F19... Good lah
28/02/2019 8:03 AM
commonsense At first glance, investor would think that Latitud Tree has a very rich valuation at almost 20x trailing PE. However, if you look closely at their financials, the PE actually went up substantially due the the very weak quarter of 3Q18 and 4Q18 (FY end in June), where the company only managed to record a profit of RM2.4mil and a loss of RM13.4mil respectively.

FY19 seems to be a lot better given that market demand from US for furniture has increase substantially due to the US govt decision to imposed a 10% tariff on all furniture coming from China in the middle of 2018. Management has actually indicated that they were forced to reject some of the orders from their US customers due to the fact that they are already running at almost full capacity. At the moment, they only accept orders that commands higher profit margins which actually bodes really well for investors.

Given that more than 90% of their sales are for the US market, the strengthening of the USD vs RM would only help increase the margins even further.

Investors should expect a sharp rebound of the company's profit in 3Q19 (expected to be out this month) due to higher demands for higher profit margins products and also a more favorable forex exchange rate during the period (average 3Q19 for USD is 4.09 vs 3Q18 of only 3.92).

Total profit should reach at least RM50mil in FY19. At the current share price the company is being valued at only 7.5x PE. PB is also low at only 0.7x.

The company has a very strong balance sheet with a net cash position of RM123mil as of Dec 2018.

Best Regards.
02/05/2019 5:02 PM
commonsense This company is actually a beneficiary from the escalation of the trade war between US and China. (Actually most furniture companies are beneficiaries. But in particular those with high US concentration sales like Lii Hen and Latitude)

65% of US import of furniture comes from china (amounting to around USD 30bil ) Since mid of last year most US furniture companies has started to diversify their value chain for furniture outside of China of which Vietnam is the main beneficiaries of this. The difference between Latitude and other Malaysia listed companies is that Latitude main plant is actually located in Vietnam. Since end of last year, the company had received substantial increased of orders from their US customers (US market consist of 95% of the group revenue and profit). This has forced the company to only accept high margins order.

refer to article: https://www.thestar.com.my/business/business-news/2019/04/11/trump-trade-war-turns-vietnamese-furniture-maker-into-a-winner/

Now since the tariff imposed by US to Chinese furnitures increased from 10% to 25%, investors should expect that there will be more orders from the US customers.

Anyway, investors should expect Latitude to deliver a substantial jump in profit for the next 2 quarterly result at least.

Regards.
13/05/2019 11:53 AM
RainT LATITUDE kiamsiap in dividend

go invest in LIIHEN better , high and consistent dividend payment
18/05/2019 12:12 PM
yfchong Ai ya...
25/05/2019 6:40 PM
RainT LIIHEN profit can up

this LATITUD profit drop 189%

omg
28/05/2019 5:15 PM
28/05/2019 5:47 PM
yfchong Die liau
28/05/2019 6:52 PM
pang72 King of furniture.....

Liihen!!
28/05/2019 10:24 PM
swordwa2 Administrative expenses increased by 2.7m(49%),from 5.6m to 8.4m. This amount is even greater than total loss in current quarter(2m) but there is no explanation provided in qtr report regarding the hike
31/05/2019 12:19 AM
yfchong Good bye
06/08/2019 12:48 PM
shpg22 Boss want change car to rolls Royce.
04/09/2019 12:46 PM
EatCoconutCanWin result so good, why drop?
04/09/2019 1:10 PM
Haw Liao sell on news
04/09/2019 1:12 PM
RainT Loss making

still say so good result
06/09/2019 4:02 PM
value88 Bought some today bcos it is selling cheap.
The last quarter's loss was actually not that much if the tax rate was not so high.
The 1H of the year is always seasonally weak quarter for Latitude. The coming 2H will perform better. In addition, USD has strengthened in 3QCY19, forex gain will boost the earnings.

At current price level, Latitude is selling at merely 0.49x P/BV for a net cash and low L/E company.
13/09/2019 5:13 PM
positiontrader In spite of Company aggresive share buy back, Latitude Tree is still plunging like mad.
Chart wise, it is very BEARISH.
Any reasons for this plunge?
It appear the really bad news haven't surface yet.
16/09/2019 3:19 PM
remus Most furniture companies, Liihen, Homeritz, Poh Huat last few quarters revenue & profit all on up trend, benefit from trade war and strong USD.
how come Latitude perform so badly ? Isn't it in same industry and shld benefit the same ... ?
20/09/2019 3:44 PM
yfchong Waiting for right moment
05/10/2019 7:26 PM
shareinvestor88 SELL.TP 1
06/10/2019 1:11 PM
lching stingy com will not be supported by investors.
14/10/2019 11:25 AM


 

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