tag:blogger.com,1999:blog-250589152024-03-28T16:19:07.418+08:00Sharetisfy歌词Unknownnoreply@blogger.comBlogger91125tag:blogger.com,1999:blog-25058915.post-38740305034451487072024-01-24T19:45:00.001+08:002024-01-24T19:47:42.070+08:00马来西亚家具股开始复苏?马来西亚家具股开始复苏?<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="362" src="https://www.youtube.com/embed/BhTj2F1GZg0" width="644"></iframe></p><br/><br/>https://www.youtube.com/watch?v=BhTj2F1GZg0Adminhttp://www.blogger.com/profile/02423328634093657906noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-7626626073134054642023-07-02T14:54:00.006+08:002023-07-02T14:54:56.202+08:00LIIHEN 7089 LII HEN INDUSTRIES BHD 利兴工业,马来西亚家具股里的其中一个佼佼者LIIHEN 7089 LII HEN INDUSTRIES BHD 利兴工业,马来西亚家具股里的其中一个佼佼者<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="362" src="https://www.youtube.com/embed/K7gdRSSkrkQ" width="644"></iframe></p><br/><br/>https://www.youtube.com/watch?v=K7gdRSSkrkQAdminhttp://www.blogger.com/profile/02423328634093657906noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-34667575999810880562023-01-07T09:06:00.002+08:002023-01-08T15:37:02.040+08:00Wood manufacturing sector's tailwinds dissipating amid tapering furniture demand, says HLIB Research<p>Wood manufacturing sector's tailwinds dissipating amid tapering furniture demand, says HLIB Research<br /><br />KUALA LUMPUR (Jan 6): The wood manufacturing sector's prospects appear to be dimming even with the easing in elevated raw material costs and supply chain issues, as the industry is facing yet another obstacle — slowing furniture demand.<br /><br />The declining US home sales, normalising pandemic trend as workers return to the office, coupled with increasing risk of a global economic downturn, are weighing furniture demand, said Hong Leong Investment Bank (HLIB) in a report on Friday (Jan 6).<br /><br />Among the top five export markets for Malaysian furniture in the first 10-month period last year, Singapore registered the largest year-on-year growth of 47.2% but the US remains the largest export market, making up 57.3% of total export value for the period, said the investment bank.<br /><br />However, it said existing US home sales have been declining amid rising mortgage rates, making it increasingly unaffordable for home buyers there.<br /><br />“This would inevitably have a negative impact on Malaysian furniture makers given that the US is the largest export market,” it noted.<br /><br />As workers return to office post-pandemic, HLIB said consumers are expected to shift their spending from buying home goods, like new furniture, to travel and leisure as international borders have opened.<br /><br />Moreover, HLIB said the weakening of the US dollar against the ringgit is a bane for the wood manufacturing sector as most of its revenues are denominated in the greenback.<br /><br />“Should global furniture demand take a downturn as a result of economic slowdown while the ringgit continues to strengthen against the greenback, there might be further margin compression ahead for the wood manufacturing sector,” it said.<br /><br />Therefore, HLIB downgraded the sector to “neutral” from “overweight”, and expects panel board makers like Evergreen Fibreboard Bhd and Heveaboard Bhd to fare better than furniture makers like Lii Hen Industries Bhd and Homeritz Corp Bhd, as the US is not their main export market.<br /><br />Evergreen’s operations in Thailand and Indonesia cater to the Middle East and Indonesian markets respectively, while Heveaboard’s main export market is Japan, said HLIB.<br /><br />“These markets are expected to be more resilient compared to the US market and as such, the panel board makers should fare better than the furniture makers as they would not be significantly impacted should there be an economic recession in the US,” it said.<br /><br />http://www.theedgemarkets.com/node/650721<br /></p>Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-64214765892905418722022-11-28T17:58:00.006+08:002022-11-28T17:58:31.918+08:00季报分析 | LIIHEN 7089 LII HEN INDUSTRIES BHD 3Q22业绩探讨<span><a name='more'></a></span><p>季报分析 | LIIHEN 7089 LII HEN INDUSTRIES BHD 3Q22业绩探讨<br /><br />Liihen在2022财年第三季再次交出良好业绩,营业额和净利取得1亿4954万令吉和2119万令吉,分别按年增长42.0%和飙涨3倍,主要是去年同期政府实施严格的行动管制措施,企业营运被迫暂时停顿10个星期造成低基数效应。若和前季比较,第三季的营收整整减少了20.0%,主要是受到供应链纷扰以及美国商家因库存过剩导致部分订单运货延迟。虽然如此,税前盈利却按季增长16.1%,从2417万令吉提高至2807万令吉,最大原因是美元走强推动外汇收益大增,仅第三季就录得571万令吉,相等于税前盈利之20.3%。这也是为什么虽然Liihen营收减少因市场需求疲软造成销售量下滑,但是美元效应反而提振税前盈利率至18.8%,创下最高纪录。<br /><br />过往得益于圣诞佳节效应,Liihen向来表现最好的业绩都是落在最后一季。虽然近期美元兑令吉似乎见顶开始滑落至目前的4.45水平左右,不过对比去年这样的汇率还是高,加上之前也提及到部分推迟的订单会在末季陆续出货,因此估计Liihen在下个季度能够延续强劲表现。<br /><br />Liihen的现金储备非常充沛,截至9月30日为止高达1亿8878万令吉为最高纪录,相等于总资产之31.7%。值得一提的是企业的库存减少至9280万令吉,一是原料价格在下跌,企业无需急于买料吨货,二是企业的销售订单在减少反映市场需求下降。很多制造业包括Liihen都在面临人力短缺以及最低工资标准调高,增加了制造商的成本压力,然而Liihen的现有劳动力仍能足以应付当前的销售量,因此在成本结构方面仍处在可管控范围内。另外,美元走强也为企业面对的不利状况提供足够缓冲。<br /><br />Liihen今年首九月的净利(5796万令吉)已经全面超越了2021全年(3777万令吉),今年利润有望追平甚至超过2019年(7888万令吉)的历史最高纪录,企业在全球经济前景面临恶化的状况下依然保持成长步伐非常不易。管理层在第三季也宣布派发每股1.35仙的中期股息,全年周息率可以高达5至6%,主要是企业的自由现金流非常良好,而且债务不高,绝对有能力派发更多股息来回馈股东。然而目前Liihen的本益比却才6倍,低于过往水准,这档优质股似乎总是被市场忽略或低估。<br /><br />https://investalone.blogspot.com/2022/11/Liihen-3Q22-Result.html<br /><br /></p>Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-10546554981532825092022-05-10T21:18:00.001+08:002022-05-10T21:18:21.795+08:00LIIHEN (7089)LIIHEN是家具股当中的佼佼者。<div>LIIHEN (7089)</div><div><br></div><div>LIIHEN是家具股当中的佼佼者。</div><div><br></div><div>主要产品为木制家具,95%出口北美洲,4%本地,其他为1%。</div><div><br></div><div>主要顾客是美国进口家私批发商和零售商。</div><div><br></div><div>该公司配备了现代化的自动化面板木工机械和精整线系统。</div><div><br></div><div>新工厂预计将会在2022年上半年完工,下半年开始运作生产。</div><div><br></div><div>公司受到mco影响导致2020年和2021年业绩下滑 但根据数据显示2021年12月营业额和净利开始出现大幅增长。</div><div><br></div><div>近期美联储加息美元强势会使公司收入增加。</div><div><br></div><div>过去也有连续加息令美元强势而利好公司的股价。</div><div><br></div><div>历史是否会再次重演?</div><div><br></div><div>#liihen </div><div>#家私股 </div><div><br></div><div>DISCLAIMER (免责声明)</div><div>本专业所载的全部内容只提供参考之用,并不构成对任何的投资建议,并非作为买卖的邀请或保证。</div><div><br></div><div>https://www.facebook.com/groups/sharixinvestment/permalink/5924008384293030/<br></div>Adminhttp://www.blogger.com/profile/02423328634093657906noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-46464919812124216762022-01-28T17:41:00.006+08:002022-01-28T17:41:47.113+08:00利兴工业(LIIHEN,7089,主板消费股)1送2比例 派送最多3亿6000万红股<p>利兴工业(LIIHEN,7089,主板消费股)1送2比例 派送最多3亿6000万红股<br /><br />(吉隆坡27日讯)利兴工业(LIIHEN,7089,主板消费股)建议,以1送2比例,派送最多3亿6000万红股,以回馈股东。<br /><br />利兴工业周四闭市报2.70令吉,跌1仙或0.4%。<br /><br />https://www.orientaldaily.com.my/news/business/2022/01/27/464600<br /></p>Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-46106576953627332742021-09-06T06:44:00.000+08:002021-09-07T07:26:35.207+08:00【独家】年杪可复勇 家具业“三好”留买家<p><span></span></p><a name='more'></a><br /><p></p><div class="content text-justify" style="font-size: 16px;">
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<div><p>我国有条件成为全球家具业枢纽。</p></div>
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<p><strong>独家报道:黎添华</strong></p>
<p>(吉隆坡5日讯)凭借“三好”,我国家具业成功力挽狂澜,并有望在年底前恢复过去的勇态。</p>
<p>马来西亚家具总会总会长邱曜仲表示,尽管业界曾在6月份因全国封锁而无法正常运作,以致流失海外顾客,但凭借数十年的“信誉好”、“质量好”,及“口碑好”,成功从竞争对手中拉回流失客。</p>
<p>他接受《南洋商报》访问时指出,根据会员透露,许多海外顾客等了1个月后,纷纷在7月份取消订单,甚至转向其他国家,如越南和印尼,所幸随着政府允许家具业复工后,海外顾客均因认定我国家具的质量、口碑及对业者有信心,因此相继回流。 </p>
<p>“我们的冲击只是在7、8月。若疫情没再爆发,相信年杪前会恢复过去的旺市。” </p>
<p>邱曜仲透露,海外顾客对我国家具深具信心的原因,主要是我国家具的原料质地(橡胶木)较好、设计款式独到,以及数十年累积下来的经验手艺深受海外买家青睐。</p>
<p><strong>出口额放眼破200亿 </strong></p>
<p>我国家具多出口至美国、日本、新加坡、澳洲、英国和加拿大。参与出口较多的州属分别是柔佛、槟城及吉隆坡。</p>
<p>较早前,大马家具总会曾指2020年的国内家具出口额达128.64亿令吉,该会放眼家具出口额在2025年能突破200亿令吉。</p>
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<div><p>邱曜仲 </p></div>
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<p><strong>代理商挖角 复工缺人力</strong></p>
<p>本地家具工厂自6月份停工后,许多会员投诉指部分员工被代理商出高价挖角到其他能营运的工厂工作。随着家具业目前复工,整个家具制作生产线便出现人手短缺的问题。</p>
<p>邱曜仲冀望政府能协助业者在最短时间内恢复过去的勇态,而让释放在即的囚犯来填补人力短缺是对策之一。 </p>
<p>他指政府过去都会安排一些行为良好,且还有半年便释放的囚犯前来学习手艺,这不仅能让他们有一技之长,协助他们重新投入社会,更能解决业界人力短缺的问题。 </p>
<p>“政府应该加大力度,让囚犯来缓急,也一举多得。”</p>
<p>该会曾列出目前遇到的5大挑战,即员工被挖走、货柜不足、运输成本高涨、原料短缺及流失海外顾客。</p>
<p><strong>货柜运输交顾客处理</strong></p>
<p>询及货柜不足及运输成本有何对策,邱曜仲表示,由于该会成员多以代工生产(OEM)为主,因此这两项挑战只能交由客户负责。 </p>
<p>“一般货柜及运输都是顾客自行处理,我们能做的不多。当然,这两项挑战对我们来说也有影响。”</p>
<p>过去几个月,以美元和外汇计算的运费成本不断增加,而与官方汇率相比,货运服务供应商以更高的汇率收取费用,进而加重顾客的成本。</p>
<p><strong>树木配种可提高材质</strong></p>
<p>针对原料不足一事,邱曜仲透露,政府早前有引荐中国的“安树”,但目前市面上的安木成品不多。</p>
<p>政府或许可考虑通过不同品种的树木配种,生产另一种品质更好的树木来增加本地的原料来源。 </p>
<p>据悉,本地人减少翻种橡胶树是原因之一,而在依赖海外供应的同时,业者却基于边界封锁、上游业无法营运而导致制造业工厂难以从该地获得原材料。</p>
<p>“另外,提供原材料的海外企业则面临无法入境的问题。 ”</p>
<p>此前,该会吁请政府继续提供额外支援,如监控冠病拭子测试剂盒的价格,以确保价格合理,而不是让某些商家变成暴利的工具。</p>
<p><strong>出口额激增31% </strong><strong>放眼建全球枢纽</strong></p>
<p>若大马是东南亚最佳的医药旅游聚焦处,大马也更有潜能成为全球家具的重要枢纽。</p>
<p>邱曜仲指出,尽管我国家具业面对许多挑战,但根据大马对外贸易发展局的数据,若与2020年上半年比较,今年上半年的出口额反而增加了30.7%,单是今年6月我国家具业出口额就达到66.304亿令吉。 </p>
<p>“其实我国具备一定的优势成为家具枢纽,各国都前来大马投资,出口表现也亮眼。” </p>
<p>他也建议,尽管我国家具业目前有60%为制造商,但也可尝试朝原始设计制造出发,这么做能提升本地家具的价值。</p>
<p>“我们不应该只是一直代工,也可推出属于大马的设计,为本地家具增值。” </p>
<p>目前该会正积极朝这方面前进,过程更获得大马木材理事会董事成员及其团队协助。</p>
<p>TIMB3R家具设计师计划自2020年推介后,受到了业界和大马室内设计师协会 的配合与支持。</p>
<p>当局在8月中举办线上分享会,分享TIMB3R DIP 1.0的后续计划,继续为制造商和设计师提供和创建以生产高价值木材和家具产品为主的平台。</p>
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</div> </div><p><br />http://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E3%80%90%E7%8B%AC%E5%AE%B6%E3%80%91%E5%B9%B4%E6%9D%AA%E5%8F%AF%E5%A4%8D%E5%8B%87-%E5%AE%B6%E5%85%B7%E4%B8%9A%E2%80%9C%E4%B8%89%E5%A5%BD%E2%80%9D%E7%95%99%E4%B9%B0%E5%AE%B6</p>Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-85017593262858722932021-02-25T21:09:00.003+08:002021-02-27T09:27:30.301+08:00LIIHEN (7089) LII HEN INDUSTRIES BHD - Ending in Line<p><span></span></p><a name='more'></a><br />Lii Hen Industries - Ending in Line<br />intelligenttrade<br /><br />Lii Hen’s 4Q20 core PATAMI of RM77.9m (QoQ: -6.4%, YoY: +24.5%) came in within our expectation, accounting for 105% of our full-year forecast. After accounting for a higher cost structure and weaker USD against MYR, we lower our FY21/22 earnings forecasts by 15.7%/4.1%. Our TP decreases from RM4.96 to RM4.18 pegged to an unchanged PE multiple of 10.5x of FY21 earnings. While higher production cost and weaker USD are near term headwinds, this is balanced by its healthy balance sheet (net cash of RM133.1m or 74sen per share) and dividend yield of 5.1%. Downgrade from Buy to HOLD.<br /><br />In line. Lii Hen’s FY20 core net profit of RM77.9m (-20.7%YoY) came in within our expectation, accounting for 105% of our full-year forecast. Core net profit was arrived after adjusting for foreign exchange losses, gain on disposal of PPE and gain on derivative instruments totalling a net sum of RM2.2m.<br /><br />Dividend. Declared DPS of 4 sen, which will go ex on 8 Mar 2021 brought FY20 DPS to 14 sen (4Q19: 4.5 sen, FY19: 15.5 sen).<br /><br />QoQ. Revenue decreased by 6.4% due to (i) shortage of containers, resulting in goods not being shipped to customers on time; and (ii) the average USD against MYR continued to depreciate (-2.3% QoQ). Core PATAMI on the other hand decreased by - 43.3% due to higher raw material and labour costs.<br /><br />YoY. Revenue increased by 24.6% due to higher demand for the group’s products, especially for bedroom and sofa sets. Despite higher revenue, the group’s core PATAMI declined by -20.7% due to higher raw material and labour costs, which could not be passed on to the customers in the current quarter.<br /><br />YTD. Despite about eight weeks of production disruptions due to MCO, Lii Hen managed to grow revenue by 11.3% to RM931.4m due to increase in sales in all of its products. Core PATAMI was down 5.1% due to higher production costs.<br /><br />EMCO updates. Lii Hen was placed under EMCO on Dec 27 after seven of the group’s employees tested positive for Covid-19. On 15 Jan, the group resumed its operations in stages. Subsequently on 29 Jan, the EMCO was fully lifted by KKM and the group returned to full operations on 30 Jan. While the EMCO will impact the earnings of 1Q21, the group is expected to make up for the loss in capacity during the rest of the year by ramping up production.<br /><br />Outlook. Lii Hen continues to see strong demand, especially from the US due mainly to the trade diversion from China to the SEA region. However, as the group is operating at near its full capacity, there may be limited upside to its sales. The increasing raw material cost coupled with a weaker USD will put a squeeze on the gross profit margin of the company. Lii Hen has started to adjust their prices upwards starting from Dec 2019 which will partially offset their higher cost structure.<br /><br />Forecast. After accounting for the higher cost structure and weaker USD, we lower our FY21/22 earnings forecasts by 15.7%/4.1%.<br /><br />Downgrade to HOLD, TP: RM4.18. Following the earnings cut, our TP decreases from RM4.96 to RM4.18 pegged to an unchanged PE multiple of 10.5x of FY21 earnings. While higher production cost and weaker USD are near term headwinds, this is balanced by its healthy balance sheet (net cash of RM133.1m or 74sen per share) and dividend yield of 5.1%. Downgrade from Buy to HOLD.<br /><br />Source: Hong Leong Investment Bank Research - 25 Feb 2021<br /><br />https://klse.i3investor.com/blogs/intelligenttrade/2021-02-25-story-h1541263907-Lii_Hen_Industries_Ending_in_Line.jsp<br /><p></p>Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-37478009894167874292021-02-19T00:38:00.001+08:002021-02-19T00:38:19.070+08:00LIIHEN(7089)营业额上涨,但利润却不增反跌?🤔🤔<div>LIIHEN(7089)营业额上涨,但利润却不增反跌?🤔🤔</div><div><br></div><div>如果你是在新冠疫情后才开始留意家私股的话,那么想必你肯定还记得当初在疫情稍微稳定下来后 😆 来自于国外的家私订单保单,主要是美国的消费者把旅游的资金都 “投资” 在电器(本地的 E&E 销售数据依然是很强劲的),🇨🇳 中美贸易战制裁的问题以及美国方面家私货源已不足,所以在去年的时候,家私股的那一波牛是很强的!</div><div><br></div><div>那么回顾本地木制家私领域的话呢,其实主要的销售都是到美国上 🌚 欧洲国家实际进口率是下滑到蛮严重的。而不用小编说,大家肯定也知道 LIIHEN 这家公司因为出口而会受到 USD/MYR 汇率影响盈利吧?</div><div><br></div><div>那么这个季度是否是因为这个季度被影响了盈利,以及未来公司的成长是否值得投资者去担忧呢?我们现在就来看一下这个季度的业绩到底为什么利润会下跌!</div><div><br></div><div>在这个季度里面呢,公司的营业额达到 RM 282.8 Million,对比上个季度的 RM 227.1 Million 明显的是提高了 RM 55.7 Million ⬆️ 转换成比率的话则是 24.5%;不过同期间的销售成本从 RM 180.6 Million 提高至 RM 237.8 Million,增加了RM57.2 Million,上涨比率为 31.7%!言下之意就是公司的销售成本提高的速度,比营业额上涨得更快..</div><div><br></div><div>那么这次的营业额上涨主要是来自以 🛏️ 卧室家具以及沙发套方面需求量的提升,那么在这期间 USD/MYR 下跌了 1.34%,但是最主要影响公司利润的依然是原料成本的上涨,以及劳工成本的上涨(劳工成本在家私业务存在蛮久了,至今依然是该行业的风险之一)导致的,对比去年同个季度而言,公司的净利从 RM 21.6 Million 下滑至 RM 17.5 Million,下跌了 RM 4.1 Million 或 18.9% ..</div><div><br></div><div>不过如果对比上个季度(FY 2020 Q3)的话,那么公司的营业额则是下跌了 RM 19.3 Million 或 6.4%,而净利下跌的幅度为 RM 11.4 Million,转换为比例的话则是高达 39.4%!😳😳 但是对比去年同个季度不一样的是,这次营业额下滑主要是来因为运输问题提高了成本,然后 USD/MYR 在这期间下跌了 2.31%!</div><div><br></div><div>另外,LIIHEN 在 FY 2020 内全年的经营现金流 💰 也从去年的 RM 132.0 Million 下跌至 RM 36.0 Million,这一点也是值得投资者担忧的问题.. 接下来我们也要密切关注运输的问题,这将会直接影响公司营运成本以及获得经营现金流的能力,管理层也在季报内提到说在疫情稳定之前,都会保持谨慎观望前景的态度!</div><div><br></div><div>那么,大家怎么看家私股接下来的走向呢?🤔</div><div><br></div><div>- 完 - </div><div><br></div><div>免费开投资户口!:http://app.eventure.com.my/d63110ef</div><div><br></div><div>免责声明:</div><div><br></div><div>以上所有的内容都单纯只是个人的观点,所涉及的内容只能被当成是学习,教育与资讯用途,而绝非专业的金融,投资意见,或买卖意见。</div><div><br></div><div>请自行分析,了解其风险,再向专业的金融理财顾问专家探讨投资的性质。Eventure Group 绝不对任何分享的内容,观点,的准确性,完整性,正确性,有效期性负责任。</div><div><br></div><div>#LIIHEN</div><div>#FURNITURE</div><div>#USDMYR</div><div>#EVENTURE</div><div><br></div><div>https://m.facebook.com/story.php?story_fbid=1317793718620053&id=841074839625279<br></div>Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-39141193267080235402021-01-24T19:37:00.002+08:002021-01-24T19:37:16.007+08:00【独家】每月增30% 排期至明年 家具外销爆单<p><span></span></p><a name='more'></a><br /><p></p><div> <div class="paragraph paragraph--type--image paragraph--view-mode--default">
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<p><strong>独家报道:苏韵鸰</strong></p>
<p>(新山23日讯)在疫情攻城下,各行各业几乎坐困愁城,不过大马的家具业却出乎意料地突破重围,外销订单不只全线“爆满”,甚至有一些夸张到排期至2022年才能出货。</p>
<p>根据《南洋商报》探悉,目前国内许多家具业的生产线已经“火力全开”,依然无法应付突然暴增的外销订单。</p>
<p>根据业者透露,他们的订单每个月都增加20至30%,大部分是出口到美国、日本及欧洲国家。</p>
<p><strong>出口美国占六成</strong></p>
<p>根据马来西亚家具总会对家具出口的调查显示,去年首11个月,大马家具整体出口总值114亿9400万令吉,当中,出口到美国的达68亿4350万令吉,占出口比率59.5%。</p>
<p>2019年同期,大马家具整体出口总值是99亿7110万令吉,而出口到美国的家具达40亿9100万令吉,占出口比率41%;相对而言,去年明显有所增长。</p>
<p>不过,基于外劳人力冻结以及海运费高涨甚至出现“抢货柜”的情况,影响生产和出口,业者喊苦。</p>
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<p><strong>林喜长:疫期居家改善环境<br />
美国家具订单最多</strong></p>
<p>马来西亚家具总会副总会长林喜长分析,因受全球冠病疫情肆虐影响,许多国家采取居家作业,把钱花在家居和装修。</p>
<p>他说,加上中美贸易战开打多时,美国订单都流入亚洲。</p>
<p>他说,目前大马接到美国的家具订单最多。</p>
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<p><strong>管控期难加班</strong></p>
<p>林喜长也指出,目前家具生产几乎是处于供不应求,需要应付庞大的订单外,同时面对外劳短缺、员工宿舍标准等各种问题,以致厂商无法应付更多的订单。</p>
<p>他说,政府重启行动管控令,厂商倘若需要加班,必须向地方政府申请,获得批准才能加班,对此,希望政府能体恤家具厂商,在管控令期间以教导方式处理。</p>
<p><strong>林丽兰:去年中暴增30%<br />
出货期排到明年</strong></p>
<p>麻坡家具厂商业者林丽兰向《南洋商报》说,去年5至6月,家具出口的订单开始按月暴增20至30%,大部分出口到美国、日本及欧洲国家。</p>
<p>她说,去年爆发冠病疫情,美国方面不少人开始居家办公,每周获得政府补贴600美元(约2425令吉),顾客把手头上多余的钱添购家具。</p>
<p>“客厅的沙发、茶几、餐桌及书房的办公桌等,都是热销产品。”</p>
<p>她指出,工厂从去年中就马不停蹄加班生产家具,不仅购置新的设备同时也外包一些加工,为的就是提高生产效率,尽快出货。</p>
<p>“去年12月的订单最快要等到今年4或5月才能出货,目前的订单也排期到明年出货。”</p>
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<p><strong>出口欧美运费涨8倍</strong></p>
<p>出口欧美货柜贵得离谱,涨幅高达8倍!</p>
<p>林喜长透露,从大马出口欧洲国家,海运费约1600至1800美元(约6468至7277令吉),本月海运费再飙涨至1万美元(约4万400令吉),出口美国海运费也超过1万美元,运费暴涨幅度1至8倍。</p>
<p>“高昂的海运费,大部分由家具厂商承担。”</p>
<p><strong>出现“抢货柜”现象</strong></p>
<p>他向《南洋商报》指出,即使家具厂商订单爆满也面对货柜短缺问题,一些较为大型的家具厂商只能把生产的家具暂时放置在仓库,等待安排出口,一些厂商则需要另外租用仓库存放。</p>
<p>林丽兰透露,现在生产的家具打算出货却面对货柜短缺问题,导致出现“抢货柜”的现象,同时海运费飙涨令厂商吃不消,部分家具额外租用仓库存放,等到有货柜才安排海运。</p>
<p>她举例,原材料入口海运费500美元(约2021令吉),在去年11至12月运费飙涨至2200美元(约8894令吉);费用高出4倍;另外则是从柔佛港口出口到美国,运费从7000至9000美元(2万8300至3万6386令吉),如今调涨至1万美元(约4万400令吉)。</p>
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<p><strong>黄友欢:虽加班赶工<br />
缺货柜拖慢出口</strong></p>
<p>柔州家具同业联合会会长黄友欢透露,货柜短缺及海运费高昂影响,拖慢家具生产进度,面对出不了货的窘境。</p>
<p>他接受《南洋商报》电访时指出,去年疫情期间家具外销订单暴增,尤其是欧美国家,目前不少厂家的订单已排到今年5至8月。</p>
<p>他说,根据爆单的情况,家具厂商几乎每天都要安排人手加班至晚上10时赶工,岂料货柜短缺问题屡屡发生,加上海运费飙涨3至4倍,一些厂商的仓库空间有限,只好拖慢生产进度,让生产线改为下午5至6时下班。</p>
<p>“货币兑换率不稳定,也令家具厂商难以控制成本。”</p>
<p>他也补充,不仅货柜问题,原材料供应不稳定造成拖慢生产,从中国进口的五金配件、皮革和布料等,运输费涨价进而引发价格飙涨的连锁效应。</p>
<p><strong>未获本地原料支援</strong></p>
<p>他认为,大马拥有丰富的原料如高压缩板、橡胶木、曲木等等的资源,而一些业者为提高利润把部分原料供应出口,导致家具业者未能享有本地的原材料支援,选择从周边国家进口。</p><p><br /><!--[if gte mso 9]><xml>
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="table of authorities"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="macro"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="toa heading"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 5"/>
<w:LsdException Locked="false" Priority="10" QFormat="true" Name="Title"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Closing"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Signature"/>
<w:LsdException Locked="false" Priority="1" SemiHidden="true"
UnhideWhenUsed="true" Name="Default Paragraph Font"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Message Header"/>
<w:LsdException Locked="false" Priority="11" QFormat="true" Name="Subtitle"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Salutation"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Date"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text First Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text First Indent 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Note Heading"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Block Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Hyperlink"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="FollowedHyperlink"/>
<w:LsdException Locked="false" Priority="22" QFormat="true" Name="Strong"/>
<w:LsdException Locked="false" Priority="20" QFormat="true" Name="Emphasis"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Document Map"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Plain Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="E-mail Signature"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Top of Form"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Bottom of Form"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal (Web)"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Acronym"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Address"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Cite"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Code"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Definition"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Keyboard"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Preformatted"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Sample"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Typewriter"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Variable"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal Table"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="annotation subject"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="No List"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Contemporary"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Elegant"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Professional"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Subtle 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Subtle 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Balloon Text"/>
<w:LsdException Locked="false" Priority="39" Name="Table Grid"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Theme"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Placeholder Text"/>
<w:LsdException Locked="false" Priority="1" QFormat="true" Name="No Spacing"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading"/>
<w:LsdException Locked="false" Priority="61" Name="Light List"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 1"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 1"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 1"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 1"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 1"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Revision"/>
<w:LsdException Locked="false" Priority="34" QFormat="true"
Name="List Paragraph"/>
<w:LsdException Locked="false" Priority="29" QFormat="true" Name="Quote"/>
<w:LsdException Locked="false" Priority="30" QFormat="true"
Name="Intense Quote"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 1"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 1"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 1"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 1"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 1"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 1"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 1"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 2"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 2"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 2"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 2"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 2"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 2"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 2"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 2"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 2"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 2"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 2"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 3"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 3"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 3"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 3"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 3"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 3"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 3"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 3"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 3"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 3"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 3"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 3"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 3"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 4"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 4"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 4"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 4"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 4"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 4"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 4"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 4"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 4"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 4"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 4"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 4"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 4"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 4"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 5"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 5"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 5"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 5"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 5"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 5"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 5"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 5"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 5"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 5"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 5"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 5"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 5"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 5"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 6"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 6"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 6"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 6"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 6"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 6"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 6"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 6"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 6"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 6"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 6"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 6"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 6"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 6"/>
<w:LsdException Locked="false" Priority="19" QFormat="true"
Name="Subtle Emphasis"/>
<w:LsdException Locked="false" Priority="21" QFormat="true"
Name="Intense Emphasis"/>
<w:LsdException Locked="false" Priority="31" QFormat="true"
Name="Subtle Reference"/>
<w:LsdException Locked="false" Priority="32" QFormat="true"
Name="Intense Reference"/>
<w:LsdException Locked="false" Priority="33" QFormat="true" Name="Book Title"/>
<w:LsdException Locked="false" Priority="37" SemiHidden="true"
UnhideWhenUsed="true" Name="Bibliography"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="TOC Heading"/>
<w:LsdException Locked="false" Priority="41" Name="Plain Table 1"/>
<w:LsdException Locked="false" Priority="42" Name="Plain Table 2"/>
<w:LsdException Locked="false" Priority="43" Name="Plain Table 3"/>
<w:LsdException Locked="false" Priority="44" Name="Plain Table 4"/>
<w:LsdException Locked="false" Priority="45" Name="Plain Table 5"/>
<w:LsdException Locked="false" Priority="40" Name="Grid Table Light"/>
<w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark"/>
<w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful"/>
<w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 1"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 1"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 1"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 1"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 1"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 2"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 2"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 2"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 2"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 3"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 3"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 3"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 3"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 4"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 4"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 4"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 4"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 5"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 5"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 5"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 5"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 5"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 6"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 6"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 6"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 6"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 6"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="46" Name="List Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3"/>
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<![endif]--><span style="font-family: "Calibri",sans-serif; font-size: 11.0pt; line-height: 107%; mso-ansi-language: EN-MY; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: 等线; mso-fareast-language: ZH-CN; mso-fareast-theme-font: minor-fareast; mso-hansi-theme-font: minor-latin;">https://www.enanyang.my</span></p>Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-77913862937072843302020-11-23T20:44:00.002+08:002020-11-23T20:44:09.200+08:00LIIHEN (7089): LII HEN INDUSTRIES BHD - Beneficiary of Covid-19 continues to shine<p><span></span></p><a name='more'></a> <br /><br />LIIHEN (7089): LII HEN INDUSTRIES BHD - Beneficiary of Covid-19 continues to shine<br /><br /><br /><br />Lii Hen’s 3Q20 Core PATAMI of RM30.5m (QoQ: +221.4%, YoY: +35.6%) Brought 9M20’s Sum to RM58.5m (-1.4% YoY), Accounting for 83.0% of Our Full Year Estimate. After Accounting for Stronger Sales Going Forward, We Raise Our FY20/21/22 Earnings Forecasts by 5.4%/4.3%/3.4%. Post Higher Earnings Multiple and Changes in Forecasts, Our TP Rises From RM4.08 to RM4.96 Based on 10.5x FY21 Earnings.<br /><br />Above expectations. Lii Hen’s 3Q20 core PATAMI of RM30.5m (QoQ: +221.4%, YoY: +35.6%) brought 9M20’s sum to RM58.5m (YoY: -1.4%). The results beat our expectation, accounting for 83.0% of full year estimate. The positive results surprise were due mainly to better-than-expected sales volumes arising from (i) on-going high number of Covid-19 cases in US (key market) translating to consumers buying more furniture for WFH arrangements and (ii) continued US furniture import diversion from China to SEA due to the US-China trade war. Core net profit was arrived after adjusting for foreign exchange gains, gain on disposal of PPE and gain on derivative instruments totalling a net sum of RM0.3m for the 9M20 period.<br /><br />Dividend. Declared DPS of 5 sen, which will go ex on 3 Dec 2020 (3Q19: 4 sen). 1H20: 10 sen (9M19: 11 sen)<br /><br />QoQ. Sales more than doubled (+113.7%) due to low base effect. Note that production and shipments were halted for close to 6 weeks in 2Q20. Higher sales volumes coupled with economies of scale resulted in core PATAMI rising by 221.4%.<br /><br />YoY. Sales increase of 42.1% was mainly due to increased demand for Lii Hen’s products in addition to favourable exchange rate (3Q20: 4.20, 3Q19: 4.16). Core PATAMI grew by a lesser amount (+35.6%) due to higher raw material and labour costs. Note that Malaysia raised minimum wage from RM1,100 to RM1, 200 in major cities in 2020 (including Muar where Lii Hen’s factory is located).<br /><br />YTD. Despite approximately eight weeks of production disruptions (due to various MCO restrictions), Lii Hen managed to grow revenue by 6.4% due to increased sales of panel products and sofa sets. Core PATAMI was down slightly (-1.4%) due to slightly higher production costs mentioned above.<br /><br />Outlook. Going forward, we continue to see strong sales due to (i) Covid-19 cases in Lii Hen’s key market (i.e. US) translating to persistent WFH arrangements and hence consumers purchasing more furniture (note that US market accounts for ~75% of Lii Hen’s sales in FY19) and (ii) US based companies diverting orders from China to SEA due to trade tariffs on China made furniture imported into the US. For these reasons, since easing of MCO rules, Malaysia’s wood furniture sales have far surpassed preCovid-19 levels (Figure #2).<br /><br />Forecast. After accounting for stronger sales going forward, we raise our FY20/21/22 earnings forecasts by 5.4%/4.3%/3.4%.<br /><br />Maintain BUY. Given the continued spike in cases in Covid-19 cases in the US and therefore strong resulting furniture sales, we raise our PE multiple from 9x to 10.5x (pegged to +2SD above Lii Hen’s 5-year average). After accounting for higher earnings multiple and changes in forecasts, our TP rises from RM4.08 to RM4.96 based on 10.5x FY21 earnings. Note that as of end-Sept, Lii Hen had net cash of RM172.6m (or RM0.96/share).<br /><br />Source: Hong Leong Investment Bank Research - 23 Nov 2020<br /><br />https://klse.i3investor.com/blogs/intelligenttrade/2020-11-23-story-h1536580026-Lii_Hen_Industries_Beneficiary_of_Covid_19_continues_to_shine.jsp<br /><br /><br /><p></p>Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-22943739479393708652020-11-22T15:22:00.002+08:002020-11-22T18:03:34.593+08:00季报分析 | 利兴工业(LIIHEN,7089) 3Q20业绩探讨<span><a name='more'></a></span>季报分析 | 利兴工业(LIIHEN,7089) 3Q20业绩探讨<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0SouZGzXrTaNY2TTvLzNP4gqPZTJoIp8AANJ1HxQ2d94qriamjNXwS5xu6WXhvVohtYtO1dXftgQRGJCEc0xkQB8F7TjTukA6A__7p7gPWekLxLsEQtebCcKnatrZY3oHA0K-/s275/images.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="183" data-original-width="275" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0SouZGzXrTaNY2TTvLzNP4gqPZTJoIp8AANJ1HxQ2d94qriamjNXwS5xu6WXhvVohtYtO1dXftgQRGJCEc0xkQB8F7TjTukA6A__7p7gPWekLxLsEQtebCcKnatrZY3oHA0K-/w400-h266/images.jpg" width="400" /></a></div>
<div>Liihen在2020财政年第三季的表现非常出色,营收和净利双双缔造历史新高,分别为3亿206万令吉和3027万令吉。管理层表示几乎所有产品需求都上升,此外令吉对美元汇率也比去年同期走低因此推高整体销售,不过由于木材原料和劳动成本也增加因此推高了生产成本,导致税前盈利率从去年同期的14.0%降至12.4%。</div>
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<div>第三季的市场销售数据显示,Liihen的北美市场首次突破2亿令吉,虽然部分原因或许是之前季度带下来的积压订单所贡献的,不过若能按照这样的增长趋势,企业的全年营收极有可能首次逼近10亿令吉。</div>
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<div>对Liihen不利的是令吉对美元汇率开始走强,目前站稳在4.10左右。另外就是近期物流需求火热,国际物流运力却在下降导致集装箱运费大涨。亚洲的货主正为集装箱短缺而苦苦挣扎,欧美多地港口却因疫情封锁导致集装箱大量积压,造成船运集装箱周转不畅的问题逐渐显现。</div>
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<div>集装箱运输问题不断涌现,缺箱状况最为突出,特别是40英尺高柜集装箱是目前市场最为紧缺的,也是造成当前海运费水涨船高的最大原因。一个40英尺高柜运费可以从1000美元涨至2300美元,同比去年就涨了一倍多!这对贸易商和制造商来说即使面临运费大涨的压力,也只能出更高价格以获得船舱柜位,因此承受不小的物流成本压力。虽说业者可以把高企成本转嫁给顾客,不过最怕就是遇到一箱难求的局面导致难以安排船期导致延迟出货。对Liihen这样的制造商来说,12月就是欧美的圣诞旺季,也是企业拼佳绩的最关键一季了。<br />
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集装箱市场近期需求明显增长,究其原因,一是由于受到疫情影响,出口的集装箱散落在世界各地,回流不畅;二是国外政府出台疫情纾困计划等财政刺激方案,导致短期内需求端(例如生活和家庭用品)超强表现带动宅经济火爆。世界上最大的集装箱经营者兼供应商 - MAERSK就对此表示目前全球的运输供应链有很多瓶颈,这使得运输成本反常地高企,尤其是在跨太平洋航线上,不过最近由集装箱分布不均造成的价格波动应该是暂时性的,明年海运市场将逐步恢复正常化。</div>
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<div>对Liihen利好的消息是,美国的10月成屋销售继续上升,按月增长4.3%,创下2006年2月以来新高,连续5个月走扬。低利率带动强劲的购物需求,且房市供给仍吃紧下,美国房价近几个月来节节攀高。其原因在于越来越多美国人因为疫情而居家工作,而孩子们也需要进行远程教育,购房者希望有更多空间方便在家办公学习,也直接带旺了家具行业。<br />
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原料上涨、员工短缺和外汇变动本来就是Liihen长期都在面对的挑战,但至少还可以通过持续优化和管控成本结构来维持赚幅,然而目前爆发的物流运输课题或许才是眼前急需克服的最大考验。</div>
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http://investalone.blogspot.com/2020/11/liihen-3q20.html
Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-84523898013771901232020-11-04T20:26:00.002+08:002020-11-04T20:26:15.739+08:00居家办公兴起 家具业下半年回春<p><span></span></p><a name='more'></a><br />居家办公兴起 家具业下半年回春<br />13-16 minutes<br /><br />(吉隆坡3日讯)全球居家办公趋势兴起,家具业在近期市场下跌走势中仍保持其韧性,特别是刨花板(particleboard)领域,获益于强劲订单、原料价格走低、平均售价攀升、以及大幅改善生产组合的4大利好因素,有望在下半年转亏为盈。<br /><br />大华继显分析员表示,我国家具业仍是受瞩目的焦点,有望在下半年交出亮眼盈利,并且受到多项有利因素推动,如中美贸易战产生的订单外移、居家办公推高家具需求、以及因价格上涨和改善使用率而扩大赚幅等。<br /><br />受惠4大因素<br /><br />“家具公司如利兴工业(LIIHEN,7089,主板消费股)、家丽资机构(HOMERIZ,5160,主板消费股)和堡发资源(POHUAT,7088,主板消费股)主要出口至美国和欧洲,预期都可从上述有利因素中受惠。”<br /><br />与此同时,刨花板领域上市公司如美固木合板(MIECO,5001,主板工业股)和亿维雅(HEVEA,5095,主板工业股)则有望在下半年转亏为盈,尤其是因强劲需求、急剧上涨的价格和有利的销售组合所带动。<br /><br />自6月实施复原式行动管制令(RMCO)后,目前的生产线使用率已接近顶限,介于80%至90%,但美固木合板和亿维雅的需求激增,订单已排满到明年首季。为满足爆炸性成长的出口,特别是美国方面的刨花板短缺,也进一步推高平均售价,价格飙升20%至30%。<br /><br />“美固木合板料可从价格上涨和销售组合转变中受益匪浅。”<br /><br />分析员也指出,我国刨花板公司已摆脱泰国生产商激烈的价格竞争,并在3大利好因素推动下,有望实现新的盈利增长。即1.平均售价上涨、2.可持续性的订单可见度和交货时间至少增加到4个月、以及3.降低原料价格而提高赚幅。<br /><br />美固刨花板大赢家<br /><br />由于分析员预计,家具和刨花板公司将因为强劲需求和高赚幅,而产生可观的盈利,上修家具领域至“增持”。<br /><br />同时,看好刨花板公司盈利优势和下半年转亏为盈的机会,有望推动股价回弹超出家具生产商的股价回升走势。当中,美固木合板是刨花板领域的大赢家,虽然股价已攀升逾40%,但仍是分析员首选股项。<br /><br />“该公司除了恢复高盈利能力外,还计划重组一些短期债务,以使资产负债表变得更健康。”<br /><br />综合上述因素,大华继显分析员上调评级至“增持”,喊买美固木合板,目标价为55仙。<br /><br />其他家具领域方面,分析员首选利兴工业、家丽资机构和堡发资源,主因是它们出口美国的业务及受惠于正在进行的中美贸易转移。<br /><br />小型资本公司中,伟迈控股(WEGMANS,0197,创业板)近期扩大产能,也具有巨大增长潜力,使客户基础多样化并扩大产品范围。<br /><br /><br /><br /><p></p>Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-13940965475653717702020-09-13T11:34:00.005+08:002020-09-13T11:35:01.825+08:00[LII HEN INDUSTRIES BHD:政府自2020年3月18日至2020年5月12日实施了行动控制令(“ MCO”)。这不可避免地影响了集团在这季度的近六(6)周的运营] - James的股票投资James Share Investing <p> <span></span></p><a name='more'></a><br /> [LII HEN INDUSTRIES BHD:政府自2020年3月18日至2020年5月12日实施了行动控制令(“ MCO”)。这不可避免地影响了集团在这季度的近六(6)周的运营]<br /><br />2Q20 vs 2Q19:<br />与去年同期相比,集团的收入大幅下降了27%。减少的主要原因是政府自2020年3月18日至2020年5月12日实施了行动控制令(“ MCO”)。这不可避免地影响了集团在这季度的近六(6)周的运营。由于销售额下降,本季度这集团的毛利润率为18%,比去年同期的21%下降了3%,而税前利润下降了42.09%。<br /><br />YTD20 vs YTD19:<br />2020年上半年,集团的收入为3.46亿令吉,比去年同期下降12.7%。收入减少的主要原因是,在MCO的8周内,卧室套装产品的发货量有所下降。税前利润为4030万令吉,比上一年同期的4770万令吉下降了15.5%,主要是由于销售减少。<br /><br />2Q20 vs 1Q20:<br />本季度的收入与上一季度相比下降了31.13%,这主要是由于第二季度接近六(6)周的MCO周期较长,而上一季度约为2周,生产和交货都暂停。由于本季度的销售下降,该集团的税前利润较上一季度下降了45.69%。<br /><br />前景:<br />Covid-19病毒的爆发继续在许多国家造成严重破坏,感染数量的增加威胁了全球经济的复苏。为了遏制这种蔓延,可能必须采取更加严厉的措施。董事会意识到这种尚未消除的病毒大流行的威胁。这集团会继续谨慎对待其经营活动。<br />------------------------<br />James Ng Stock Pick Performance:<br />Since Recommended Return:<br /><br />a. FRONTKEN CORP BHD, recommended on 12 Aug 18, initial price was RM0.715, rose to RM3.48, dividend RM0.052, in 2 years 30 days, total return is 394%<br /><br />b. TOP GLOVE CORP BHD, recommended on 1 July 18, initial price was RM12.14, rose to RM46.56 adjusted, dividend RM0.52, in 2 Years 2 months 10 days, total return is 287.8%<br /><br />c. MI TECHNOVATION BERHAD, recommended on 2 Jun 19, initial price was RM1.67, rose to RM5.88 adjusted, dividend RM0.055, in 1 Year 3 months 9 days, total return is 255.4%<br /><br />d. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM0.895, dividend RM0.005, in 3 months 18 days, total return is 153.5%<br /><br />e. CHIN HIN GROUP BHD, recommended on 2 Feb 20, initial price was RM0.57, rose to RM1.37, dividend RM0.01, in 7 months 9 days, total return is 142.1%<br /><br />f. KAREX BHD, recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.745, dividend RM0.015, in 10 months 22 days, total return is 70.8%<br /><br />g. INTA BINA GROUP BHD, recommended on 26 Apr 20, initial price was RM0.19, rose to RM0.305, in 4 months 16 days, total return is 60.5%<br /><br />h. DESTINI BHD, recommended on 24 Sep 19, initial price was RM0.20, rose to RM0.315, in 11 months 18 days, total return is 57.5%<br /><br />i. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.65, dividend RM0.003, in 1 Year 17 days, total return is 43.5%<br /><br />j. UNISEM (M) BHD, recommended on 19 May 19, initial price was RM2.58, rose to RM3.59, dividend RM0.08, in 1 Year 3 months 23 days, total return is 42.2%<br /><br />我希望将我的策略分享给读者,希望他们在阅读后能够表现出色。我正在使用基本面分析Fundamental Analysis:<br /><br />预计公司每年的增长率必须超过14%<br /><br />我想说服读者学习基本面分析FA以便能从股市赚钱。<br /><br />我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人,可以通过jamesngshare@gmail.com 或我的FB页面与我联系。<br /><br />Whatsapp : 011 - 15852043<br /><br />请订阅James的股票投资James Share Investing的Youtube频道:https://www.youtube.com/c/JamesShareInvesting<br /><br />Facebook Group: https://www.facebook.com/groups/jamesinvesting<br /><br />这个是我的TELEGRAM Group链接: https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw<br /><br />请大家来Follow James的Instagram,获取最新的资讯:jamesnginvest<br /><br />免责声明:<br />高波动性投资产品,你的交易存在风险。过往表现不能作为将来业绩指标。内容仅作为分享,讨论以及领域的分析,而非是一种投资建议,买或卖自负。请Like和Share。最终决定永远是你的,谢谢。<br /><br />James Ng<br />-----------------------------------<br />[LII HEN INDUSTRIES BHD: due to the implementation of Movement Control Order (“MCO”) by the Government lasting from 18 March 2020 till 12 May 2020, this invariably impacted the Group’s operations for close to six (6) weeks for the quarter under review]<br /><br />2Q20 vs 2Q19:<br />The Group’s revenue dipped significantly by 27% compared to the preceding year corresponding quarter. The decrease was mainly due to the implementation of Movement Control Order (“MCO”) by the Government lasting from 18 March 2020 till 12 May 2020. This invariably impacted the Group’s operations for close to six (6) weeks for the quarter under review. Due to lower sales generated, the Group’s gross profit margin registered at 18% in the current quarter, down 3% as compared to 21% in preceding year corresponding quarter whereas profit before tax decreased 42.09%.<br /><br />YTD20 vs YTD19:<br />The Group’s revenue recorded at RM346 million for the first half of 2020, a decreased of 12.7% as compared to the preceding year corresponding period. The decrease in revenue was mainly attributed to the decline in the number of shipments of bedroom set products during the 8 weeks of MCO for the current financial period under review. Profit before tax registered at RM40.3 million, a decline of 15.5% as compared to RM47.7 million in the preceding year corresponding period, largely due to lower sales generated.<br /><br />2Q20 vs 1Q20:<br />Revenue for the current quarter decreased by 31.13% compared to the immediate preceding quarter mainly due to the longer MCO period in the second quarter of close to six (6) weeks as compared to the about two (s) weeks in the immediate preceding quarter, where production and shipments were halted. Due to lower sales in the current quarter, the Group’s profit before tax recorded 45.69% lower than that of the immediate preceding quarter.<br /><br />Prospects:<br />The outbreak of the Covid-19 continues to wreak havoc in many countries and the rising number of infections has threatened global economic recovery. More drastic measures may have to be implemented with a view to curb the spread. The Board of Directors is cognizant of this pandemic threat that is yet unabated. The Group continues to exercise caution in the way its operating activities are conducted.<br />--------------------------------------------------------------------------<br />I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:<br /><br />the forecasted growth of a company must over 14% per year<br /><br />I wish to convince readers to learn FA in order to make money from stock market.<br /><br />I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page.<br /><br />This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.<br /><br />James Ng<br /><br />https://klse.i3investor.com/blogs/general/2020-09-12-story-h1513463359.jsp<br /><p></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-14524840882084910112020-09-06T23:16:00.000+08:002020-09-06T23:16:29.913+08:00LIIHEN (7089) 利興工業 短期受疫情挑战 • 长期受惠贸易转移 <br />
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<br /> 尽管利兴工业短期内面对一些挑战,但分析员认为,一旦全球经济复苏,国内外的家具需求将好转,加上中美贸易战引起的贸易转移,利兴工业的前景看俏。<br /><br /> 鉴于原料成本降低和以令吉计价的收入增加,分析员相信,利兴工业的净利赚幅有望提高,因而给予LIIHEN“增持”投资评级。<br /><br /> 我国一直是家具净出口国,名列世界十大家具出口国之一,所生产的家具80% 供出口,其中美国、日本及澳洲是其最大出口目的地,在世界家具业占有一定的位置。 近年来,马来西亚出口至阿联酋长国、沙地阿拉伯、菲律宾及俄罗斯的家具有大幅增长,同时也开始注重阿尔及利亚、希腊、波多黎各及利比亚的市场。<br /><br /> 马来西亚自然资源丰富,以木制家具闻名,有关当局为木材家具业设下每年6.5%的增长率的目标,以期家具出口在2020年达到马币530亿,为大马贡献0.3%至0.4%的国内生产总值(GDP)。<br /><br /> 近年来,市场的成长因素已从生产一般性的产品转向具有设计风格的产品,这也成为推动马来西亚进一步加强其国际市场份额的关键。马来西亚家具一直在中高价格的层面满足买家的高需求量,因此极受国际买家的欢迎。 <br /><br /> 尽管受各种经济不景的影响,我国家具业仍然有强劲的国际需求支撑。即使受到中国及越南的低价家具的冲击, 马来西亚的家具仍然能够凭藉其产品独特的设计及高品质和厂家优良的职业道德在竞争激烈的环境下生存。<br /><br /> 新冠肺炎疫情爆发前,2014年至2019年的家具出口总额,录得7.6%的复合增长率(CAGR),至119亿令吉,与全球家具市场同步成长。<br /><br /> 分析员指出,我国家具制造商从中美贸易战中受惠,据大马木材理事会(MTC)的数据显示,我国对美国的木制家具出口额从2018年34亿令吉飙升38%,至2019年47亿令吉。<br /><br /> 分析员进一步指出,尽管疫情爆发后,利兴工业的估值已从谷底反弹,但考虑到2021和2022年的盈利还有37%和20%的上升空间,利兴工业仍具有吸引力。<br /><br /> 利兴工业家具部门仍然是集团收入的主要贡献者。 集团的家具产品可大致分为卧室套装、餐桌椅、面板式办公套件和室内装饰沙发套装。 除餐桌椅外,所有家具产品均录得正增长。 与去年相比,销售额大幅增长的产品是面板产品。<br /><br /> 在这一年中,参与面板产品生产的EF Furniture Sdn Bhd(EFF)从其一位客户中获得了两个项目,以提供3层书架和3层立方体方案。 有了新订单,EFF的收入从2018年的4,700万令吉大幅增加至2019年的7,800万令吉,增长66%。 沙发套和床上用品的需求动能从去年开始持续增长,分别增长28%和2%。 集装箱的总发货量从2018年的15981个增加到2019年的16601个。 <br /><br /> 集团管理层相信以客户为导向的强调产品质量并始终满足客户期望的方法对于使本集团赢得客户的信任仍然至关重要。 为了跟上新兴趋势和消费者的购买偏好,继续开发了一系列新产品,并在High Point Furniture Fair和Las Vegas Furniture Show的著名家具贸易展览会上进行了展示。 <br /><br /> 分析员看好利兴工业料受到对美国家具销量增长的支持,尽管因疫情带来的短期挑战,但鉴于其橡胶木家具业务所作出的贡献,分析员仍乐观看待该公司的长期前景。<br /><br /> 此外,北美洲中产阶级的可支配收入增加及新屋动工,可能使利兴工业受益。作为大马领先的橡胶木家具制造商的利兴工业,预期能够抓住中美贸易战带来的契机,主因是该公司目前正在扩展其生产线,以继续呈现业绩的持续增长。<br /><br />https://klse.i3investor.com/blogs/TheSnowball/2020-09-06-story-h1513348841.jsp<br /><br />Unknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-43062159355976504982020-08-25T21:08:00.000+08:002020-09-07T21:59:51.663+08:00马股系列 – 家私股四大天王 LIIHEN, POHUAT, LATITUD & HOMERIZ<br />
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<span data-keep-original-tag="false" data-original-attrs="{" style="color: #222222; font-family: "arial" , "verdana" , sans-serif;">众所周知手套股的四大天王
THKS绝对是今年的明星股,可是今天小编却想和大家聊聊我们大马家私股的四大天王,LIIHEN, LATITUD,
POHUAT以及HOMERIZ, 虽然HOMERIZ本身的营业额和另外三位老大相比还是有一点距离,可是如果对比LATITID
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<span style="color: #222222; font-family: "arial" , "verdana" , sans-serif; font-size: 12px;">这四家的家私股其中三家都是柔佛的公司而除了LATITUD是在巴生的,这四间家私公司超过90%以上的都是做出口生意,比较大的份额是北美地区或是欧洲地区,而为什么会聊到家私股呢?</span></div>
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第一点因为通过美国的新房屋销售数据显示,美国的房屋销售因为现在低利率政策刺激,再加上美国大规模的QE印钱,导致房屋销售有强势反弹和增长的现象。第二点因为中美贸易战,对于大马的家私业者是有利的,尤其在越南有设厂的公司,是有机会把美国的订单从中国商家里拿过来。<br />
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近期因为美金走弱而导致马币持续走强,马币走强对于家私出口的确是一个利空。<br />
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如果要从这四大天王做比较的话,我们从过去公司的业绩来做比较,很明显的LIIHEN短短8年就成功的实现逆袭,从老三位置成功的抢到了龙头的宝座,无论是营业额或是盈利都横扫同行。</div>
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小编粗浅的分析公司的基本面,除了LATITUD, 其他公司的ROE
股本回报率5年平均都是在15%以上而龙头老大LIIHEN的ROE则是排名最高,平均五年高达23%,而公司净现金比列对比股价则是POHUAT是高举榜首,现在股价1.32里面有45%是现金,而Profit
Margin最高的就是HOMERIZ, 因为HOMERIZ专注于OBM,所以他们的净利润对比其他同行是最高的15%。<br />
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所以单看这些简单数据来评估管理层在经营业务的能力上,看来LIIHEN的确实比同行更稳定,比较少有业绩炸弹的事情发生,无论是汇率问题,最低薪资问题或是原料问题,LIIHEN还是能迎刃而解,保持成长。<br />
<br />
可是对于LIIHEN,小编还是有一些保留,因为当小编在查这四间公司的过往历史时,发觉LIIHEN在
2004年有发生一些公司管理层涉及发放虚假通告,或是一些不符合程序的事情的负面新闻,虽然现在掌托者已经是新的一代,可是这些负面事情还是会影响小编投资这间公司的看法。<br />
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<br />
其实4大家私股在这5年也是有不停的做扩张,尤其是LATITUD和POHUAT年里两间公司在这5年都丢了超过一个亿去做扩张,LIIHEN也是丢了8千万,可是从营业额来看,LIIHEN
&
POHUAT的成长比较明显,体现了公司的管理层的能力,能有效的把资金转化成盈利,而LATITUD虽然丢了很多钱,可是这几年却不见成效,可能还是需要时间去等待发芽,可是对于小股东而言,如果能选择好的管理层管理的公司,这样才能睡得安心安稳。<br />
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<br />
而如果要小编在这4间挑选的话肯定是
LIIHEN和POHUAT,其实小编觉得POHUAT的价值更被低估,因为POHUAT的净现金比例对比股价高达45%,对于股东权益来说更加值得,第二点是小编觉得公司管理层无论在处理公司的网站上或是年报的内容上都比较丰富和专业,第三点是小编比较喜欢在越南有设厂的公司,越南的地理位置以及更有机会在中美贸易战中获益,而且公司年报不断强调以及投资自动化,对未来的方向和战略相当明确和透明,小编比较喜欢有透明度的公司,这样对没什么资讯的投资者比较公平。<br />
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虽说如此,小编还是从来没买过POHUAT的股票,反而LIIHEN近期却是做过短期交易,因为其实LIIHEN身为家私业的龙头再加上稳定的盈利,其实会更加受到市场上投资者的青睐。<br />
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其实对于小编而言,家私股算是比较稳定的派息股,而股价的走势通常都是和马币强弱有相关联系,当马币走弱,家私股的业绩会比较靓丽,而当马币走强的时候则相反,但如果长期投资家私股,每一年15%资本增长加5%的股息收入应该还是可以达标的,如果没时间去看着盘,在好的价格持守家私股可能也是一个不错的选择,但是小编还是偏向投资其他成长更加突出的公司。<br />
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*小编写这边文章的时候是在21号的时候,到今天为止都没有持有任何这四家公司的股票,文章只是纯粹的学术和资讯分享,没有任何买卖建议,买卖需自负。<br />
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<br />
#金斯利投资笔记<br />
#马股系列<br />
#大马家私股<br />
#家私股4大天王<br />
#LIIHEN7089<br />
#POHUAT7088<br />
#LATITUD7006<br />
#HOMERIZ5160<br />
<br />
https://klse.i3investor.com/blogs/kirthongyuan/2020-08-25-story-h1512511037.jsp</div>
</div>
Unknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-36229368726405419022020-08-24T22:28:00.001+08:002020-08-24T22:28:51.377+08:00LIIHEN (7089) Lii Hen Industries- Earnings in line, stronger 2H20 expected<br />
<a name='more'></a><br /><br />Lii Hen’s 2Q20 core net profit of RM9.5m (QoQ: -48.7%, YoY: -48.1%) brought 1H20 sum to RM28.0m (YoY: -24.0%). This accounted for 42.6% of our full year forecasts. We deem this in line with our expectations, as we expect 2Q20 to be Lii Hen’s weakest quarter in FY20 due to the impact of Covid-19 on order volumes and production operations. Forecasts remain unchanged. We maintain our BUY call and TP of RM3.65 pegged to 9x mid-FY21 earnings.<br /><br />In line. Lii Hen’s 2Q20 core PATAMI of RM9.5m (QoQ: -48.7%, YoY: -48.1%) brought 1H20 sum to RM28.0m (YoY: -24.0%). The results accounted for 42.6% of our full year forecast. We deem the results within our expectation, as we expect 2Q20 to be Lii Hen’s weakest quarter in FY20 due to the impact of Covid-19 on order volumes and production operations. Core net profit was arrived after adjusting for foreign exchange gains, gain on disposal of PPE and gain on derivative instruments.<br /><br />Dividend. Declared DPS of 2.5 sen goes ex on 14 Sep 2020 (2Q19: 3.5 sen). 1H20: 5.0 sen (1H19: 7 sen)<br /><br />QoQ. Sales shrank -31.1% due to impact of MCO on sales volumes. Note that Lii Hen had shut down production operations for approximately six weeks in 2Q20 comp ared to just two weeks in 1Q20 (Lii Hen only returned to full production capacity in mid May). Core PATAMI declined by a larger rate (-48.7%) due to fixed portion of cost structure.<br /><br />YoY. Despite favourable weaker ringgit strength during the quarter of RM4.29/USD (vs RM4.14 in 2Q19), core PATAMI declined -48.1% due to MCO restrictions on production operations (which resulted in higher fixed operating cost).<br /><br />YTD. Revenue and core PATAMI shrank -12.7% and 24.0% respectively, mainly due to decline in the number of shipments of bedroom sets during the eight weeks of MCO.<br /><br />Outlook. As expected, sales in 2Q20 were significantly weaker QoQ and YoY. We expect 2H20 earnings to rebound strongly as we understand that order volumes have already returned to pre-Covid-19 levels (i.e. Jan-Feb) as lockdown rules in America (which accounted for ~75% of Lii Hen’s sales in FY19) have loosened. Furthermore, due to the on-going US-China trade war, we expect Malaysian furniture makers to continue to benefit from increased orders as companies from the US divert orders from China to the SEA region. While many believe Vietnam will be a key beneficiary, we note that the cost of labour in Vietnam has risen dramatically in recent y ears, reducing its attractiveness as a manufacturing hotbed. Figure #2 shows the narrowing cost of labour between Malaysia and Vietnam. With this narrowing gap, Lii Hen is well poised to benefit from increased orders from the US. Note that even with the cost of labour gap over the past seven years, Lii Hen has shown an average sales growth of >10% in USD terms.<br /><br />Forecast. Unchanged.<br /><br />Maintain BUY. We maintain our BUY call and TP of RM3.65 pegged to 9x mid-FY21 earnings. At current price levels, Lii Hen yields a decent 5.3% based on 45% dividend pay-out ratio. As of end-Jun, Lii Hen has a net cash position of RM138.9m (or RM0.77/share)<br /><br /><br /><br /><br />Source: Hong Leong Investment Bank Research - 24 Aug 2020<br /><br />https://klse.i3investor.com/blogs/intelligenttrade/2020-08-24-story-h1512510081-Lii_Hen_Industries_Earnings_in_line_stronger_2H20_expected.jsp<br /><br />Unknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-8386042143730717352020-08-22T22:34:00.001+08:002020-08-22T22:34:07.607+08:00季报分析 | LIIHEN (7089) 利興工業 LII HEN INDUSTRIES BHD 2Q20业绩探讨 <br />
<a name='more'></a>季报分析 | LIIHEN (7089) 利興工業 LII HEN INDUSTRIES BHD 2Q20业绩探讨 <img border="0" data-original-height="351" data-original-width="609" height="281" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2zmPdg0QOwfBJgGf_kybeHxAsLB_xZnbRnkjKFmTzlOjo1ZPWXIY8OAkjnFpvgKNYjUry53RL7HiISHtwi33QLg_TfD7efNGG8gSzmUkZTGxG3LGSNswX0w1JqrT-XrPaEEZg/w487-h281/1.png" width="487" /><br />
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与其它同行业者一样Liihen的次季业绩因为受到疫情爆发的因素,营业额按年下挫27.1%至1亿4133万令吉,净利减少47.7%至954万令吉;按季比较营业额同样下跌31.1%,净利更是暴跌51.9%。 值得一提的是,由于行动管制令的关系,Liihen在次季暂停营运长达6周,直到5月13日才得以全面复工复产,因此企业在这样的情势之下依然取得如此表现实属不易。管理层也一如既往派发本财年第二次每股2.5仙的中期股息,除权日和派息日分别是9月15日和30日。<br />
<br />
木制品制造商Evergreen Fibreboard在最新季报透露,木板价格上涨因受到疫情冲击而出现供需缺口,或压缩家具业者的赚幅。虽然如此,以出口市场为导向的Liihen得益于令吉兑美元贬值有助于抵消成本上涨。另外,之前新闻也说自市场重开之后家具订单意外强劲,因此相信Liihen在接下来的盈利表现应该很快就会重返疫情前的水平。<br />
<br />
Liihen制造的产品颇为多样化,主要包括卧室家具、室内沙发、办公家具和用餐家具,此外也涉及木材加工和种植等其它业务。管理层在年报披露,办公家具产品在2019全年取得显著进步,因为其子公司 - EF Furniture S/B (EFF) 获得一组客户制造书柜和存储柜的订单,因此EFF全年营收从2018年的4700万令吉暴涨66%至7800万令吉。按此推算,Liihen的办公家具销量在2019年的产品分类已经仅次于卧室家具,有望成为今后的营收增长新动力。管理层就在最新年报表示,现有厂房已经不足以应付办公家具的新增订单,因此目前正着手处理土地用途转换申请,预计在今年投入650万令吉作为建置新厂房的资本开销,由此可见企业的营收增长和扩展动向并没因为新冠疫情而遭到太大的影响。<br />
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根据国际消息,美国7月房屋销售连续第二个月录得创纪录涨幅,6月和7月的房屋销售成长分别取得20.2%和24.7%,完全走出了疫情在全美蔓延后住宅房地产活动的低谷。疫情爆发导致美国经济陷入衰退,失业率居高不下,但是房地产需求上升意外成为经济一大亮点,分析认为,抵押贷款利率保持在接近历史新低水平和在家远程办公的趋势诱使许多美国人进一步搬离城市中心,而库存短缺更是使得房屋竞购更加激烈,推动房屋价格上涨。有鉴于Liihen的最大出口市场就是美国,因此美国房屋销量上升对Liihen来说绝对是一大利好,尤其居家办公逐渐成为新趋势,将会大幅度提高对办公家具的需求。<br />
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福布斯 (Forbes) 最近公布了2020年亚太中小企业200强名单,共有16家大马公司成功上榜,而Liihen的名字赫然在列。这项排行榜主要针对亚太地区常年营收在10亿美元以内的中小企业,以截止7月7日的全年数据为准,作为表扬这些公司拥有出色的业绩纪录。这次的入榜对于企业来说无疑是一项肯定,凭着坚韧的实力以及强劲的财务基础,相信Liihen也能顺利渡过这一次的疫情冲击再创佳绩。<br />
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http://investalone.blogspot.com/2020/08/liihen-2q20.htmlUnknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-13699014231093625422020-08-18T08:18:00.004+08:002020-08-18T08:18:42.026+08:00[Humbled Investor] LIIHEN - The furniture stock that you should go for? <br />
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<span style="font-size: 14px;"><span style="font-family: "arial" , "helvetica" , sans-serif;">[LIIHEN - The furniture stock that you should go for?]</span></span></div>
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<li style="font-family: inherit;">
<span style="font-size: 14px;"><span style="font-family: "arial" , "helvetica" , sans-serif;">PE - 7.7x </span></span></li>
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<span style="font-size: 14px;"><span style="font-family: "arial" , "helvetica" , sans-serif;">ROE - 18% </span></span></li>
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<span style="font-size: 14px;"><span style="font-family: "arial" , "helvetica" , sans-serif;">DY - 5%</span></span></li>
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<span style="font-size: 14px;"><span style="font-family: "arial" , "helvetica" , sans-serif;"></span></span>_________________________________________________________</div>
<div dir="auto" style="font-family: inherit;">
<span style="font-size: 14px;"><span style="font-family: "arial" , "helvetica" , sans-serif;">All
information provided here should be treated for informational purposes
only. It is solely reflecting author's personal views and the author
should not be held liable for any actions taken in reliance on
information contained herein.</span></span></div>
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<span style="font-size: 14px;"><span style="font-family: "arial" , "helvetica" , sans-serif;">No buy call. No sell call. No bullshit. Only content.</span></span></div>
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<img src="https://klse.i3investor.com/files/my/blog/img/bl6263_1.png" style="height: 300px; width: 300px;" /><img src="https://klse.i3investor.com/files/my/blog/img/bl6263_2.png" style="height: 300px; width: 300px;" /></div>
<img src="https://klse.i3investor.com/files/my/blog/img/bl6263_3.png" style="height: 300px; width: 300px;" /><img src="https://klse.i3investor.com/files/my/blog/img/bl6263_4.png" style="height: 300px; width: 300px;" /><br />
<img src="https://klse.i3investor.com/files/my/blog/img/bl6263_ending.jpeg" style="height: 300px; width: 300px;" /></div>
https://klse.i3investor.com/blogs/HumbledInvestor/2020-08-18-story-h1512390727-_Humbled_Investor_LIIHEN_The_furniture_stock_that_you_should_go_for.jspUnknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-31159504793500903882020-07-21T23:23:00.000+08:002020-07-21T23:23:00.912+08:00[TRV] Revisiting LIIHEN (7089) LII HEN INDUSTRIES BHD – Beneficiary of strong US retail sales and home sales. <br />
<a name='more'></a>[TRV] Revisiting LIIHEN (7089) LII HEN INDUSTRIES BHD – Beneficiary of strong US retail sales and home sales. <br /><br /><br />
LIIHEN is a furniture maker based in Muar, Johor with more than 70%
sales coming from the US and Canada. It is poised to benefit from the
reported strong retail sales.<br />
Check on the pictures below to see why<br />
View the complete analysis of LIIHEN at the link below:<br />
<a href="https://bit.ly/30Abwr8" rel="nofollow" target="_blank">https://bit.ly/30Abwr8</a><br />
<a href="https://bit.ly/30Abwr8" rel="nofollow" target="_blank">https://bit.ly/30Abwr8</a><br />
<br />
<img height="400" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_0.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_1.png" width="600" /><br />
Source : <a href="https://www.bloomberg.com/news/articles/2020-07-16/u-s-retail-sales-exceeded-forecast-in-june-after-record-may" rel="nofollow" target="_blank">https://www.bloomberg.com/news/articles/2020-07-16/u-s-retail-sales-exceeded-forecast-in-june-after-record-may</a><br />
<br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_2.png" width="600" /><br />
Source : <a href="https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/july-retail-market-us-sales-jump-7-5-in-june-bankruptcies-hit-3-year-high-59458563" rel="nofollow" target="_blank">https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/july-retail-market-us-sales-jump-7-5-in-june-bankruptcies-hit-3-year-high-59458563</a><br />
<br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_3.png" width="600" /><br />
Source : <a href="https://www.enanyang.my/node/335715" rel="nofollow" target="_blank"><strong style="box-sizing: border-box; color: #2b2d2e; font-family: Roboto, sans-serif; font-size: 16px; text-align: center;">https://www.enanyang.my/node/335715</strong></a><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_4.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_5.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_6.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_7.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_8.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_9.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_10.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_11.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_12.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_13.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_14.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_15.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_16.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_17.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_18.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_19.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_20.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_liihen_21.png" width="600" /><br />
<br />
View the complete analysis of LIIHEN at the link below:<br />
<a href="https://bit.ly/30Abwr8" rel="nofollow" target="_blank">https://bit.ly/30Abwr8</a><br />
<a href="https://bit.ly/30Abwr8" rel="nofollow" target="_blank">https://bit.ly/30Abwr8<br /><br />https://klse.i3investor.com/blogs/TRV/2020-07-21-story-h1510663807-_TRV_Revisiting_LIIHEN_Beneficiary_of_strong_US_retail_sales_and_home_s.jsp</a>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-78063845122292143262020-05-11T19:27:00.005+08:002020-05-11T19:27:59.351+08:00HLIB Research downgrades wood manufacturing sector, expects poor macro factors to continue <br />
<a name='more'></a>Joanna Tan Hui Shen/theedgemarkets.com<br />January 16, 2020 10:59 am +08<br /><br />KUALA LUMPUR (Jan 16): Hong Leong Investment Bank (HLIB) Research has downgraded the wood manufacturing sector to 'underweight', from neutral, and said the bleak macro environment is foreseen to persist in 2020.<br /><br />In a sector note today, the research house underscored low average sales prices (ASPs), high rubberwood prices, and rising glue prices as contributors to weak performance of the particleboard sector in 2019.<br /><br />HLIB Research analyst Gan Huan Wen attributed the sector's poor performance to low particleboard ASPs from regional excess capacity and inflated raw material price, which saw particleboard maker Evergreen Fibreboard Bhd recording RM32.6 million losses in 9M19 and Heveaboard Bhd's particleboard contribution contracting by 80.1% at the profit before tax level.<br /><br />Additionally, Vietnam is losing its shine as a manufacturing hub in Southeast Asia as its labour costs have surged in recent years, he said. "Note that in US dollar terms (adjusted by average US dollar exchange rate in each year), minimum wage cost per month in Malaysia was US$174 higher than Vietnam in 2013 but only US$40.40 more in 2019."<br /><br />However, furniture exporters like Lii Hen Industries Bhd, whose bulk orders are from the US, are expected to gain from the current weak ringgit environment. Going into 2020, HLIB Research expects the ringgit strength to remain depressed, with the ringgit forecasted to average 4.15/4.20 against the US dollar.<br /><br />Gan emphasised: "Overcapacity of particleboards in the region is a continued plague for particleboard makers. We believe selling prices of engineered wood products will continue to remain depressed in 2020 given the oversupply in neighbouring countries, particularly Thailand.<br /><br />"Furthermore, chronically high rubberwood prices in Malaysia and Indonesia in addition to rising glue prices (in line with higher crude oil prices) [are] expected to continue to put pressure on particleboard makers."<br /><br />Lii Hen remains HLIB Research's top pick for the sector at RM2.98, with a target price of RM4.26.<br /><br />Lii Hen shares were untraded today. The counter last traded at RM2.98 with a market capitalisation of RM536.4 million. <br /><br />https://www.theedgemarkets.com/source/theedgemarkets.com<br />Unknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-79445691080024911982020-03-31T18:29:00.000+08:002020-03-31T18:29:01.303+08:00Industry Comparison – Wooden Furniture <br />
<a name='more'></a><br /><br />
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<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Sector<span style="mso-tab-count: 2;"> </span>: </span></b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Consumer
Product & Service</span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Sub
Sector <span style="mso-tab-count: 1;"> </span>:</span></b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">
Household Goods</span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">As of 30th March 2020 there are 14 company listed in
Bursa Main Market and ACE market which are doing business in manufacturing and
trading of wooden furniture. They are:</span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
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<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">1) <a href="http://www.eurospan.com.my/">EUROSP(7094) – EUROSPAN HOLDING BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">2) <a href="https://www.fihb.my/">FIHB(8605) – FEDERAL INTERNATIONAL HOLDINGS BERHAD</a></span></div>
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<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">3) <a href="https://ivkls.blogspot.com/2019/04/stock-review-homeritz-5160-homeritz.html">HOMERITZ(5160) – HOMERITZ CORPORATION BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">4) <a href="http://www.jaycorp.com.my/">JAYCORP(7152) – JAYCORP BERHAD</a></span></div>
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<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">5) <a href="http://www.lattree.com/">LATITUD(7006) – LATITUDE TREE HOLDINGS BERHAD</a></span></div>
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<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">6) <a href="http://ivkls.blogspot.com/2017/09/stock-review-liihen-7089-liihen.html">LIIHEN(7089) – LII HEN INDUSTRIES BHD</a></span></div>
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<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">7) <a href="https://ivkls.blogspot.com/2019/04/stock-review-pohuat-7088-poh-huat.html">POHUAT(7088) – POH HUAT RESOURCES HOLDINGS BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">8) <a href="http://www.sernkou.com/">SERNKOU(7180) – SERN KOU RESOURCES BERHAD</a></span></div>
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<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">9) <a href="https://ver201711.shh.com.my/">SHH(7142) – SHH RESOURCES HOLDINGS BERHAD</a></span></div>
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<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">10) <a href="https://www.bursamalaysia.com/trade/trading_resources/listing_directory/company-profile?stock_code=7943">SNC (7943) – SAND NISKO CAPITAL BERHAD</a></span></div>
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<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">11) <a href="http://www.swscap.com/">SWSCAP (7186) – SWS CAPITAL BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">12) <a href="http://www.syf.com.my/">SYF (7082) – SYF RESOURCES BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">13) <a href="http://www.tafi.com.my/">TAFI (7211) – TAFI INDUSTRIES BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">14) <a href="http://wegmans.com.my/">WEGMANS (0197) – WEGMANS HOLDINGS BERHAD</a></span></div>
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</div>
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<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">64 % of the companies listed above have their
manufacturing plant in Johor. While JAYCORP, LATITUD and POHUAT also owning
manufacturing plant outside Malaysia which are in Indonesia (JAYCORP), Thailand
(LATITUD) and Vietnam (LATTUD and POHUAT).</span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Competiveness</span></u></b></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></u></b></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><a href="https://www.investopedia.com/terms/m/marketshare.asp">Marketshares</a> </span><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">is
an importance indicator to determine the competitiveness of the company. Total
revenue make from manufacturing and trading of wooden furniture for the year
2018 is <b style="mso-bidi-font-weight: normal;">RM 3,218,703,904</b>.</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">COMPANY</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">REVENUE
(FURNITURE) 2018 (RM)</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">MARKET SHARE
(%)</span></b></div>
</td>
</tr>
<tr style="mso-yfti-irow: 1;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.eurospan.com.my/">EUROSP (7094)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">60,241,427</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1.87</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 2;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://www.fihb.my/">FIHB (8605)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">26,320,398</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.82</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 3;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://ivkls.blogspot.com/2019/04/stock-review-homeritz-5160-homeritz.html">HOMERITZ (5160)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">166,445,092</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">5.17</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 4;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.jaycorp.com.my/">JAYCORP (7152)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">221,876,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">6.98</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 5;">
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.lattree.com/">LATITUD (7006)</a></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">777,100,000</span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">24.14 </span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 6;">
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://ivkls.blogspot.com/2017/09/stock-review-liihen-7089-liihen.html">LIIHEN (7089)</a></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">802,990,966</span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">24.95</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 7;">
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://ivkls.blogspot.com/2019/04/stock-review-pohuat-7088-poh-huat.html">POHUAT (7088)</a></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">621,925,519</span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">19.32</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 8;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.sernkou.com/">SERNKOU (7180)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">58,411,210</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1.81</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 9;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://ver201711.shh.com.my/">SHH (7142)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">119,082,113</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3.70</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 10;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://www.bursamalaysia.com/trade/trading_resources/listing_directory/company-profile?stock_code=7943">SNC (7943)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2,979,611</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.09</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 11;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.swscap.com/">SWSCAP (7186)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">52,286,788</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1.62</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 12;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.syf.com.my/">SYF (7082)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">191,163,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">5.94</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 13;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.tafi.com.my/">TAFI (7211)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">22,896,941</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.71</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 14; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://wegmans.com.my/">WEGMANS (0197)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">94,984,839</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2.95</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal">
</div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Top three companies in term of market shares are
LIIHEN (24.95 %), LATITUD (24.14%) and POHUAT (19.32 %). This three companies
had combined market shares of 68.41 %.</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Operational</span></u></b></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">For operational, <a href="https://www.investopedia.com/terms/o/operatingincome.asphttps://www.investopedia.com/terms/o/operatinginc">operating income</a> </span><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">of the companies had been review. Operating
income determine how much the companies’ revenue had turn into profit after reduction
cost of <a href="https://www.investopedia.com/terms/o/operating_expense.asp">operating expense </a>.</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Besides operating income, <a href="https://efinancemanagement.com/financial-analysis/operating-margin-ratio">operating margin ratio</a> </span><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">is
also calculated. Companies with higher operating margin ratio have more
probability to survive in today financial crisis. The median operating margin
ratio for this group of companies for 2018 is <b style="mso-bidi-font-weight: normal;">6.29</b>.</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">COMPANY</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2018 OPERATING
INCOME (RM)</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2018 OPERATING
MARGIN RATIO</span></b></div>
</td>
</tr>
<tr style="mso-yfti-irow: 1;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.eurospan.com.my/">EUROSP (7094)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">(1,609,950)</span><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-add-space: auto; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">- 2.67</span><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"></span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 2;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://www.fihb.my/">FIHB (8605)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2,351,523</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">8.93</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 3;">
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://ivkls.blogspot.com/2019/04/stock-review-homeritz-5160-homeritz.html">HOMERITZ (5160)</a></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">25,418,893</span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">15.27</span></b></div>
</td>
</tr>
<tr style="mso-yfti-irow: 4;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.jaycorp.com.my/">JAYCORP (7152)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">12,546,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">5.65</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 5;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.lattree.com/">LATITUD (7006)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">53,805,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">6.92</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 6;">
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://ivkls.blogspot.com/2017/09/stock-review-liihen-7089-liihen.html">LIIHEN (7089)</a></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">77,386,074</span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">9.64</span></b></div>
</td>
</tr>
<tr style="mso-yfti-irow: 7;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://ivkls.blogspot.com/2019/04/stock-review-pohuat-7088-poh-huat.html">POHUAT (7088)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">57,529,013</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">9.25</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 8;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.sernkou.com/">SERNKOU (7180)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">(1,721,794)</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">-2.95</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 9;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://ver201711.shh.com.my/">SHH (7142)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">(11,763,933)</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">-9.88</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 10;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://www.bursamalaysia.com/trade/trading_resources/listing_directory/company-profile?stock_code=7943">SNC (7943)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">(1,463,316)</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">-49.11</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 11;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.swscap.com/">SWSCAP (7186)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3,832,787</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">7.33</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 12;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.syf.com.my/">SYF (7082)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">130,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.07</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 13;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.tafi.com.my/">TAFI (7211)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">(4,453,930)</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">-19.45</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 14; mso-yfti-lastrow: yes;">
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://wegmans.com.my/">WEGMANS (0197)</a></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">12,911,017</span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">13.59</span></b></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal">
</div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">As value investor, companies with negative operating
income are a bit risky to invest in hence the five companies; EUROSP, SERNKOU,
SHH, SNC and TAFI have disqualify for further company evaluation.</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Companies with high operating margin mean there are
still pretty of allowance to lower down the sale price of their products to
make their product competitive. There are HOMERITZ (15.27), WEGMANS (13.59) and
LIIHEN (9.64).</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Sustainability</span></u></b></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></u></b></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">For the sustainability of the business, debt of the
companies is being review. There are two criteria to look at <a href="https://www.investopedia.com/terms/i/interestcoverageratio.asp">interest coverage ratio</a></span><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"> which is used to determine how easy the companies able to pay off the interest
of outstanding debt and <a href="https://www.investopedia.com/terms/d/debtratio.asp">debt ratio</a>. </span><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">The
median debt ratio for 2018 is <b style="mso-bidi-font-weight: normal;">0.32</b>.</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">COMPANY</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2018 INTEREST
COVERAGE RATIO</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2018 DEBT
RATIO</span></b></div>
</td>
</tr>
<tr style="mso-yfti-irow: 1;">
<td style="background: white; border-top: none; border: solid windowtext 1.0pt; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.eurospan.com.my/">EUROSP (7094)</a></span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">-24.35</span><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"></span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-add-space: auto; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.19</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 2;">
<td style="background: white; border-top: none; border: solid windowtext 1.0pt; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://www.fihb.my/">FIHB (8605)</a></span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">11.25</span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.74</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 3;">
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://ivkls.blogspot.com/2019/04/stock-review-homeritz-5160-homeritz.html">HOMERITZ (5160)</a></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">No Financial
Cost</span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.11</span></b></div>
</td>
</tr>
<tr style="mso-yfti-irow: 4;">
<td style="background: white; border-top: none; border: solid windowtext 1.0pt; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.jaycorp.com.my/">JAYCORP (7152)</a></span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">14.22</span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.19</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 5;">
<td style="background: white; border-top: none; border: solid windowtext 1.0pt; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.lattree.com/">LATITUD (7006)</a></span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">No Financial Cost</span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.53</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 6;">
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://ivkls.blogspot.com/2017/09/stock-review-liihen-7089-liihen.html">LIIHEN (7089)</a></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">61.05</span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.30</span></b></div>
</td>
</tr>
<tr style="mso-yfti-irow: 7;">
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://ivkls.blogspot.com/2019/04/stock-review-pohuat-7088-poh-huat.html">POHUAT (7088)</a></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">45.66</span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.26</span></b></div>
</td>
</tr>
<tr style="mso-yfti-irow: 8;">
<td style="background: white; border-top: none; border: solid windowtext 1.0pt; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.sernkou.com/">SERNKOU (7180)</a></span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">-2.25</span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 16.0pt; mso-themecolor: text1;">0.44</span><span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;"></span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 9;">
<td style="background: white; border-top: none; border: solid windowtext 1.0pt; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://ver201711.shh.com.my/">SHH (7142)</a></span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">-29.78</span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 16.0pt; mso-themecolor: text1;">0.22</span><span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;"></span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 10;">
<td style="background: white; border-top: none; border: solid windowtext 1.0pt; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://www.bursamalaysia.com/trade/trading_resources/listing_directory/company-profile?stock_code=7943">SNC (7943)</a></span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">No Financial Cost<span style="color: red;"></span></span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 16.0pt; mso-themecolor: text1;">0.72</span><span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;"></span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 11;">
<td style="background: white; border-top: none; border: solid windowtext 1.0pt; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.swscap.com/">SWSCAP (7186)</a></span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1.20</span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.47</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 12;">
<td style="background: white; border-top: none; border: solid windowtext 1.0pt; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.syf.com.my/">SYF (7082)</a></span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.02</span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.35</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 13;">
<td style="background: white; border-top: none; border: solid windowtext 1.0pt; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.tafi.com.my/">TAFI (7211)</a></span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">-27.97</span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 16.0pt; mso-themecolor: text1;">0.16</span><span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;"></span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 14; mso-yfti-lastrow: yes;">
<td style="background: white; border-top: none; border: solid windowtext 1.0pt; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://wegmans.com.my/">WEGMANS (0197)</a></span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">9.89</span></div>
</td>
<td style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-background-themecolor: background1; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.40</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal">
</div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">There are three companies with no financial cost
which mean they are either no debt or the debt are interest free. The companies
are HOMERITZ, LATITUD and SNC. Besides that company with high interest coverage
ratio mean they are able easily to pay off their debt with their operating
income.</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">The top three companies for sustainability are
either had no financial cost or high interest coverage ratio and have low debt
ratio. The companies are HOMERITZ, POHUAT and LIIHEN.</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Summary</span></u></b><u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"></span></u></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></u></b></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">In summary a point is given to each company to evaluated
each company competiveness, operational and sustainability. Points given are as
follows:</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Times New Roman, serif;"><span style="font-size: 21.3333px;"><u>Competitiveness</u></span></span></div>
<div class="MsoNormal">
<u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></u></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Criteria</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Point</span></b></div>
</td>
</tr>
<tr style="mso-yfti-irow: 1;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Greater
than 20 % Market Shares</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">5</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 2;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">15.01
% - 20.00 % Market shares</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">4</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 3;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">10.01
% - 15.00 % Market shares<span style="mso-tab-count: 1;"> </span></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 4;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">5.01
% - 10.00 % Market shares<span style="mso-tab-count: 1;"> </span></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 5;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1.00
% - 5.00 % Market shares<span style="mso-tab-count: 1;"> </span></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 6; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Less
than 1%</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal">
</div>
<div class="MsoNormal">
<u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Operational</span></u></div>
<div class="MsoNormal">
<u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></u></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Criteria</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Point</span></b></div>
</td>
</tr>
<tr style="mso-yfti-irow: 1;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Greater
than 10 <span style="mso-spacerun: yes;"> </span>Operating Margin</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">5</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 2;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">8.01
– 10.00 Operating Margin</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">4</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 3;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">5.01
– 8.00 Operating Margin<span style="mso-tab-count: 1;"> </span></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 4;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3.01
- 5.00 Operating Margin<span style="mso-tab-count: 1;"> </span></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 5;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1.01
- 3.00 <span style="mso-spacerun: yes;"> </span>Operating Margin<span style="mso-tab-count: 1;"> </span></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 6;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.00
– 1.00 Operating Margin</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 7; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Less
than 0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Disqualified</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal">
</div>
<div class="MsoNormal">
<u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Sustainability</span></u></div>
<div class="MsoNormal">
<u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></u></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Criteria</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Point</span></b></div>
</td>
</tr>
<tr style="mso-yfti-irow: 1;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">No
Financial Cost</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 2;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Greater
than 20 Interest Coverage Ratio</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 3; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Less
than 20 Interest Coverage Ratio</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal">
</div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Criteria</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Point</span></b></div>
</td>
</tr>
<tr style="mso-yfti-irow: 1;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Less
than 0.15</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 2;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.15
– 0.35</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 3;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.36
– 0.50</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 4; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Greater
than 0.50</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal">
</div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-table-layout-alt: fixed; mso-yfti-tbllook: 1184;">
<tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.55pt;" valign="top" width="130">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">COMPANY</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">Competitiveness</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.1pt;" valign="top" width="123">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">Operational</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">Sustainability</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">Total</span></b></div>
</td>
</tr>
<tr style="mso-yfti-irow: 1;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.55pt;" valign="top" width="130">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="http://www.eurospan.com.my/">EUROSP</a></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="http://www.eurospan.com.my/">(7094)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">1</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.1pt;" valign="top" width="123">
<div align="right" class="MsoListParagraphCxSpFirst" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-add-space: auto; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">DIS</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-add-space: auto; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoListParagraphCxSpLast" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-add-space: auto; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">DIS</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 2;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.55pt;" valign="top" width="130">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="https://www.fihb.my/">FIHB </a></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="https://www.fihb.my/">(8605)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.1pt;" valign="top" width="123">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">4</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">4</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 3;">
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.55pt;" valign="top" width="130">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="https://ivkls.blogspot.com/2019/04/stock-review-homeritz-5160-homeritz.html">HOMERITZ (5160)</a></span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">2</span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.1pt;" valign="top" width="123">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">5</span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">5</span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">12</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 4;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.55pt;" valign="top" width="130">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="http://www.jaycorp.com.my/">JAYCORP </a></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="http://www.jaycorp.com.my/">(7152)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.1pt;" valign="top" width="123">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">3</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">7</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 5;">
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.55pt;" valign="top" width="130">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="http://www.lattree.com/">LATITUD (7006)</a></span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">5</span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.1pt;" valign="top" width="123">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">3</span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">2</span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">10</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 6;">
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.55pt;" valign="top" width="130">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="http://ivkls.blogspot.com/2017/09/stock-review-liihen-7089-liihen.html">LIIHEN </a></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="http://ivkls.blogspot.com/2017/09/stock-review-liihen-7089-liihen.html">(7089)</a></span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">5</span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.1pt;" valign="top" width="123">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">4</span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">3</span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">12</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 7;">
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.55pt;" valign="top" width="130">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="https://ivkls.blogspot.com/2019/04/stock-review-pohuat-7088-poh-huat.html">POHUAT </a></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="https://ivkls.blogspot.com/2019/04/stock-review-pohuat-7088-poh-huat.html">(7088)</a></span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">4</span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.1pt;" valign="top" width="123">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">4</span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">3</span></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">11</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 8;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.55pt;" valign="top" width="130">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="http://www.sernkou.com/">SERNKOU (7180)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">1</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.1pt;" valign="top" width="123">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">DIS</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">1</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">DIS</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 9;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.55pt;" valign="top" width="130">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="https://ver201711.shh.com.my/">SHH </a></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="https://ver201711.shh.com.my/">(7142)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">1</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.1pt;" valign="top" width="123">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">DIS</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">DIS</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 10;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.55pt;" valign="top" width="130">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="https://www.bursamalaysia.com/trade/trading_resources/listing_directory/company-profile?stock_code=7943">SNC </a></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="https://www.bursamalaysia.com/trade/trading_resources/listing_directory/company-profile?stock_code=7943">(7943)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">1</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.1pt;" valign="top" width="123">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">DIS</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">3</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">DIS</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 11;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.55pt;" valign="top" width="130">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="http://www.swscap.com/">SWSCAP </a></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="http://www.swscap.com/">(7186)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.1pt;" valign="top" width="123">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">3</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">1</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">4</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 12;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.55pt;" valign="top" width="130">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="http://www.syf.com.my/">SYF</a></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="http://www.syf.com.my/">(7082)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.1pt;" valign="top" width="123">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">4</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 13;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.55pt;" valign="top" width="130">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="http://www.tafi.com.my/">TAFI</a></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="http://www.tafi.com.my/">(7211)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.1pt;" valign="top" width="123">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">DIS</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">DIS</span></div>
</td>
</tr>
<tr style="mso-yfti-irow: 14; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.55pt;" valign="top" width="130">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;"><a href="http://wegmans.com.my/">WEGMANS (0197)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">1</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.1pt;" valign="top" width="123">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">5</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">1</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: black; font-family: "Times New Roman","serif"; font-size: 14.0pt; mso-themecolor: text1;">7</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal">
</div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">From the evaluation above, HOMERITZ (12 points),
LIIHEN (12 points), POHUAT (11 points) and LATITUD (10 points) is qualified for
further analysis.</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><span style="color: #0000ee; font-family: "times new roman", serif; font-weight: 700; text-align: justify;">Summary of Stock Reviews</span></span></div>
<br />http://ivkls.blogspot.com/2020/03/industry-comparison-wooden-furniture.htmlUnknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-83257013612741258772020-03-08T19:07:00.001+08:002020-03-08T19:07:23.963+08:00[TRV] LIIHEN (7089) – Benefiting from strong US economy.<br />
<a name='more'></a>he US furniture industry has been on a steady growth curve driven by a
strong economy, with consumer spending on furniture reaching USD114.2
billion in 2018, up 6.7% from 2017, according to the US Bureau of
Economic Analysis (BEA). While high GDP growth in 2018 is positive for
the housing and household spending, the US-China trade tension and
global indicate a looming correction. The impositions of tariffs on
imported materials and finished goods would impact both manufacturing
and retailers in the US as this would trickle down to the consumer as
higher retail prices. In the recent round of talks, the reduced threat
of a trade war with China is however a positive sign for the country and
furniture retail at large.
<br />
Employment trends in the US remained strong with 4% unemployment rate,
the lowest in decades. Employment opportunities equal money in consumer
pockets. Consumer spending makes up two-thirds of the U.S. economy,
which translates directly to retail sales.<br />
Another encouraging economic indicator for home furnishings is the
expected mini-housing boom as millennials, who are now staying with
their parents, are due to enter the real-estate market in the next few
years. This ramp up in new household will drive increased demand for
furniture and home decors.<br />
View the complete analysis of LIIHEN here:<br />
<a href="https://bit.ly/32WxkOo" rel="nofollow" target="_blank">http://bit.ly/32WxkOo</a><br />
<a href="https://bit.ly/32WxkOo" rel="nofollow" target="_blank">http://bit.ly/32WxkOo</a><br />
<br />
<img height="400" src="https://klse.i3investor.com/files/my/blog/img/bl2089_00_1.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_01_3.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_02_3.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_03_2.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_04_2.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_05_2.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_06_2.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_07_1.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_08_1.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_09_1.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_10_1.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_11_1.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_12_1.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_13_1.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_14_1.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_15_1.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_16.png" width="600" /><br />
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl2089_17.png" width="600" /><br />
<br />
View the complete analysis of LIIHEN here:<br />
<a href="https://bit.ly/32WxkOo" rel="nofollow" target="_blank">http://bit.ly/32WxkOo</a><br />
<br />https://www.facebook.com/TRVanalyzer/posts/2782285368525500<br /><br />https://klse.i3investor.com/blogs/TRV/2020-03-08-story-h1484749707-_TRV_LIIHEN_Benefiting_from_strong_US_economy.jspUnknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-19811793692485557892019-09-22T08:32:00.001+08:002019-09-22T08:32:24.096+08:00LIIHEN 马来西亚家具行业的现状及发展<br />
<a name='more'></a><br /><br />
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<img height="773" src="https://klse.i3investor.com/files/my/blog/img/bl3625_a7343af8407543d9825c4e935dcc9928.jpeg" width="600" /><img height="773" src="https://klse.i3investor.com/files/my/blog/img/bl3625_998b504c50d4474883ba3878b602d14b.jpeg" width="600" /><img height="773" src="https://klse.i3investor.com/files/my/blog/img/bl3625_998b504c50d4474883ba3878b602d14b.jpeg" width="600" /><img height="772" src="https://klse.i3investor.com/files/my/blog/img/bl3625_08ef4703499346afa36c52d3bc06cd53.jpeg" width="600" /><img height="773" src="https://klse.i3investor.com/files/my/blog/img/bl3625_08ef4703499346afa36c52d3bc06cd53.jpeg" width="600" /><img height="773" src="https://klse.i3investor.com/files/my/blog/img/bl3625_08ef4703499346afa36c52d3bc06cd53.jpeg" width="600" /><img height="772" src="https://klse.i3investor.com/files/my/blog/img/bl3625_08ef4703499346afa36c52d3bc06cd53.jpeg" width="600" /><img height="772" src="https://klse.i3investor.com/files/my/blog/img/bl3625_08ef4703499346afa36c52d3bc06cd53.jpeg" width="600" /><img height="776" src="https://klse.i3investor.com/files/my/blog/img/bl3625_08ef4703499346afa36c52d3bc06cd53.jpeg" width="600" />据星洲日报报道,马来西亚家具总会总会长邱曜仲日前表示,2019年上半年马来西亚家具出口额为49.2亿令吉,比去年同时期增长了8.7%,中美贸易战也惠及大马,今年首6个月出口至美国的家具产品总值,已按年增长14%达18.55亿令吉。</div>
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邱曜仲相信马来西亚家具出口额可在2020年达到120亿令吉。他还指出,2018年马来西亚被列为第12大家具出口国,其中木质家具占了80%,在中美贸易战中受惠,他相信明年家具业销售将会拔得头筹,出口额更上一层楼。</div>
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他强调,国际买家采购该国家具是因欣赏产品的高品质、良好销售服务态度和高竞争力,所以他呼吁同业提升服务和产品素质,各方面做好准备,肯定可招来国际客户。</div>
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他表示,总会每年为同业举办的马来西亚国际出口家具展(EFE)在明年将增设至3个新展馆,额外扩展1万2000平方公尺,展会总面积达到4万5000平方公尺,扩展率达36%。</div>
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他说,明年的展览会除了主打“纯属马来西亚制造的办公室家具馆”,还有其他亚洲展团、木工机械专区和家具设计师作品专区等,他呼吁同业把握机会参展,打响国际名声。</div>
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另外,他透露,马来西亚木材理事会将于11月19至21日在吉隆坡太子世界贸易中心联办2019年马来西亚木工展览会,预计将有超过13个国家的展商参与,这项展览会将提供直接与目标市场对接的平台,同时有机会针对木材和木工机械工业的新发展进行知识交流,希望同业踊跃出席。</div>
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大马家具业从危机寻转机</div>
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国会下议院副议长兼霹雳家私同业公会顾问倪可敏致词表示,马来西亚家具业是新政府的其中一个策略性工业,政府对家具业所能制造的经济发展寄予厚望,而政府也为协助业者推行了许多政策,相信透过业者和政府的良好配合将可联手推动国家的经济成长。</div>
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他说,马来西亚家具出口额从去年的第13排名跃升至今年的第12,在全球经济内忧外患的时期,家具行业是其中一个从危机中寻得转机的行业。</div>
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丰隆投行分析</div>
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LIIHEN的2019年第二季度的核心净利润为1,850万令吉,带来上半年核心净利润至3,710万令吉(同比2018年增加了80.6%)并维持"买入"评级和"目标价"4.22令吉(基于2017财年10倍本益比,每股盈利42.2仙)。 </div>
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除了令吉外,丰隆投行看好利兴工业的健康股息收益率(5.6%)和当前每股净现金54.8仙。</div>
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这里有一份汤森路透 (Thomson Reuters)关于LIIHEN 9月18日的分析报告。</div>
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https://cdn.fbsbx.com/v/t59.2708-21/68964961_1376894269128787_968790827788664832_n.pdf/AlphaIndicator_LHEN_20190918.pdf?_nc_cat=109&_nc_eui2=AeG9vrBmtf6hqsP0oM5_6I9aS7CKSlIiJJfeLp02PJRdJ3l9jO4ZVE4JYHE5IELZWy2sTbf7UWbYBH-KuwZH2pGejwFrjdLSVaOQkXgOOyFzog&_nc_oc=AQkOmdf6q7XjzHnbBc7rWLWXQfmoTj9s1fUdUU9qHTaLszFruv4gL-L_LSlmE-RCe7fDaxaHGcbGdP68xUFtnr_I&_nc_ht=cdn.fbsbx.com&oh=cb76cee6868477d87885e4dcaadac942&oe=5D86507C&dl=1</div>
<br /><br />https://klse.i3investor.com/blogs/TheSnowball/226010.jspUnknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-38905694997813388552019-08-27T15:29:00.001+08:002019-08-27T15:29:49.864+08:00LIIHEN (7089) 利興工業2019年第二季度的表现<br />
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<img height="182" src="https://klse.i3investor.com/files/my/blog/img/bl3625_75b746a8dd4a47b29137bab2b2278efa.jpeg" width="600" /><img height="337" src="https://klse.i3investor.com/files/my/blog/img/bl3625_38129044d8154b1eb52b745594cb263b.png" width="600" /><img height="255" src="https://klse.i3investor.com/files/my/blog/img/bl3625_38129044d8154b1eb52b745594cb263b.png" width="600" /><img height="337" src="https://klse.i3investor.com/files/my/blog/img/bl3625_ee2d81a611c14e26b05adf942e3d036f.jpeg" width="600" /><img height="300" src="https://klse.i3investor.com/files/my/blog/img/bl3625_ee2d81a611c14e26b05adf942e3d036f.jpeg" width="600" /></div>
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参考本季度和当前财政年度的财务回顾表(附图):<br />
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A) 当前季度与上年同期对比<br />
与去年同期相比,集团的收入增长了1.8%。 这主要是由于美元平均汇率比同期高出5.08%(2019年:4.14; 2018年:3.94)。 有利的汇率基本上促成了本季度报告期间收入的增长。<br />
随着生产过程的持续合理化,尤其是劳务和分包商的管理,加上本季度有利的美元转换率,本集团的税前利润从前一期间的1,723万令吉提高了42%至2,450万令吉。<br />
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B)当前年初至财政年度对应期间<br />
利兴工业于2019年上半年的营业额从3.84亿令吉略微增加至3.97亿令吉。 由于美元升值及成本控制得更好,利兴工业的税前盈利录得4,770万令吉,较去年同期2,840万令吉增加了68%。<br />
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与前一季度的差异(参考附图):<br />
本季度收入较上一季度下降4.67%,主要原因是出口销售额下降5.76%,部分被美元兑马币升值1.47%所抵消(2019年第二季度:4.14; 2019年第一季度:4.08) 。<br />
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尽管收入下降4.67%,但利兴工业的税前利润为2,450万令吉,较上一季度的2,320万令吉高出5.60%。 这主要是由于美元的升值以及成本控制和运营效率的提高。<br />
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2019年度前景<br />
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由于制造业削减了工作时间,美国的就业增长在2019年7月开始放缓。 加上世界两大经济体之间不断升级的贸易紧张局势,可能导致美联储在2019年9月降息以缓解美国经济的下行风险。<br />
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在国内,利兴工业继续面临生产成本管理和劳动力供应方面的挑战,这可能会影响集团的财务业绩。 有鉴于此,管理层将继续专注于集团的核心产品,通过多元化产品系列以巩固市场地位,扩大客户群并同时继续采取有效的成本管理。 凭借更好的可控成本结构及更广阔的销售市场基础,董事会对集团2019年保持盈利持谨慎乐观态度。<br />
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股息<br />
截至2019年12月31日的财政年度,利兴工业在第二季派发每股3.5仙的股息,将于2019年9月11日除权,2019年9月27日付款。<br />
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利兴工业今日闭市时收2.94令吉,跌0.01或0.3%,成交量有11万1千股,成交值32万6,340令吉。<br />
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