HTL

[guru]

Anyone following this counter?
Numbers were impacted quite badly due to its forex losses as a result of reporting in USD. Is something wrong with the way the Company is hedging its forex exposure?

[pianist]

i have this counter but only owing odd 250 shares remaining just to get a copy of its annual report for reading after having sold the bulk back in 2009 ;p
decent business but not easy considering quite a few un-controllable variables

[guru]

Quite scary that they are being clobbered all the time when forex moves against them. I thought hedging was to reduce the impact?

Does anyone attends HTL's AGM? Can enlighten your view on that? But interesting to notice that the founding Phua family is buying from the market today

[ValueBeliever]

Director has been buying like crazy. USA and more so Europe has been their key market and I'm sure hey have been executing like crazy to bring down the cost, thus when recoveries come in - HTL will experience a surge in turnover, bottomline will get a boost.

Have been pay good dividend. Hope when the earnings increase dividend again will surge!!

[ValueBeliever]

We are into something big on this 1 as historical pattern tells us when Economy turns for the better, HTL never fail to deliver. The fact that their top line is growing in a weak economy shows that they are going to turn it around. They could easily hit the nos. back - no small feat - if they the directors are buying back at this level, shouldnt we take a closer look?

[tonylim]

Net margin down .

[greengiraffe]

We are into something big on this 1 as historical pattern tells us when Economy turns for the better, HTL never fail to deliver. The fact that their top line is growing in a weak economy shows that they are going to turn it around. They could easily hit the nos. back - no small feat - if they the directors are buying back at this level, shouldnt we take a closer look?

http://info.sgx.com/webcoranncatth.nsf/V...D00301C39/$file/HTL2012ANNFY2011Presentation2.pdf?openelement

From 1st few pages of presentations, we can already see there are simply too many factors that is beyond HTL's control.

Very early days to call on recovery even as cost of production rises in terms of raw materials and labour in China.

[tonylim]

Why their CEO Por quit to have early retirement ?
That was a clear signal for retail investor, HTL share price tells all.

[pianist]

surprisingly amid the europe crisis, this firm chalked up 479% rise in Q2 profit..and the best part was growth driver was from europe..haha

SINGAPORE – 7 August 2012 -- Mainboard-listed HTL International Holdings Limited
(“HTL”), one of the world’s leading leather tanners and sofa manufacturers, today
announced a higher Q2 2012 net profit after tax of US$4.1 million compared to
US$0.7 million in Q2 2011, a jump of 479.6%.
Turnover rose 21.7% to U$166.7 million from US$137.0 million in Q2 2011. Growth
was recorded in most markets, led by North America, Europe and ANZ.

[money]

it doesnt seem a good idea to own a cyclical business with a rather substantial amount of leverage. It may go bust before the upward cycle