29-02-2024, 01:57 PM
Hello Weijian,
+ Compared to FY 2022 results, LHT’s FY 2023 results were not positive as regards revenue, gross profit and net profit.
+ I suggest Shareholders should be wary of any LHT intention to invest overseas. My proof point: Last time LHT tried this - in Tianjin PRC - it was a total failure, with the entire investment cost eventually written off. IMO, LHT does not possess the wordly wherewithal and management know-how to successfully embark on overseas ventures. I would much rather they “stick to their knitting”, keeping themselves to the orderly, relatively transparent Business environment of Singapore (which management know well) and pursuing Businesses which are highly synergetic to their ongoing busines - a good example if this was LHT’s Wood-chips Business. And LHT should remit surplus funds to their shareholders…. as they have just done.
Vested
+ Compared to FY 2022 results, LHT’s FY 2023 results were not positive as regards revenue, gross profit and net profit.
+ I suggest Shareholders should be wary of any LHT intention to invest overseas. My proof point: Last time LHT tried this - in Tianjin PRC - it was a total failure, with the entire investment cost eventually written off. IMO, LHT does not possess the wordly wherewithal and management know-how to successfully embark on overseas ventures. I would much rather they “stick to their knitting”, keeping themselves to the orderly, relatively transparent Business environment of Singapore (which management know well) and pursuing Businesses which are highly synergetic to their ongoing busines - a good example if this was LHT’s Wood-chips Business. And LHT should remit surplus funds to their shareholders…. as they have just done.
Vested
RBM, Retired Botanic MatSalleh