LHT Holdings

[BlueKelah]

Solid set of half-year results issued by LHT Friday evening. Revenue up, Profit up, costs appear to be under control, core businesses delivering. Alas, and as usual, no interim dividend, with a pathetic excuse given for why not.

LHT has been particularly illiquid recently – in the last 13 (thirteen) SGX trading sessions only 200 shares have been traded. Maybe these solid results will spur a bit of trading activity …but then again, maybe they will harden the resolve of those seeking to nudge the share price higher, keeping the Sell Queue empty.

well no point keeping OPMI unfriendly counter. Big risk taken especially if markets go down and sudddenly boss wanna GO cheaply  Better to get something like a logistics REIT if you are after div yield or maybe a logistics company if you want exposure to warehousing sector.

[brattzz]

despite the good HY2022 results,
some were in a rush to sell, 55cts! missed a chance to buy-buy-buy in today!

[brattzz]

https://www.sgx.com/research-education/m...t-above-16

LHT Holdings

On Oct 18, LHT Holdings managing director, Yap Mui Kee, acquired 460,700 shares at 70 cents per share. With a consideration of S$322,490, this took her direct interest in the homegrown pallet manufacturer from 15.21 per cent to 16.08 per cent. Her preceding acquisitions were on Oct 10 with 21,200 shares acquired at 72.46 cents per share and Sep 29 with 12,300 shares acquired at 68.0 cents per share.

Yap has gradually increased her direct interest in LHT Holdings from 14.12 per cent in August 2021. She has been the executive director of the company since January 1988 and is in charge of the sales and marketing functions of the group. She was appointed acting managing director in February 2016 and was re-designated the chairman, managing director, and CEO in February 2017. With over 35 years of experience in sales and marketing, she plays a key role in exploring opportunities in new markets. Part of her responsibility is also to monitor market developments and streamline the company’s product development efforts according to market demands.

On Aug 12, LHT Holdings reported H1 2022 gross profit of S$6.85 million, an increase of 8.3 per cent from H1 2021 on a higher gross profit margin of 38 per cent in H1 2022, compared to 36.3 per cent in H1 2021. The higher gross margin was due to better product mix and intensified effort in sourcing for cheaper raw materials.

Yap noted earlier this year that the group’s achievements depend largely on its core business of manufacturing and sale of pallets and packaging cases, and that the ability to increase market share while maintaining profit margin is key to the business.

[BlueKelah]

https://www.sgx.com/research-education/m...t-above-16

LHT Holdings

On Oct 18, LHT Holdings managing director, Yap Mui Kee, acquired 460,700 shares at 70 cents per share. With a consideration of S$322,490, this took her direct interest in the homegrown pallet manufacturer from 15.21 per cent to 16.08 per cent. Her preceding acquisitions were on Oct 10 with 21,200 shares acquired at 72.46 cents per share and Sep 29 with 12,300 shares acquired at 68.0 cents per share.

Yap has gradually increased her direct interest in LHT Holdings from 14.12 per cent in August 2021. She has been the executive director of the company since January 1988 and is in charge of the sales and marketing functions of the group. She was appointed acting managing director in February 2016 and was re-designated the chairman, managing director, and CEO in February 2017. With over 35 years of experience in sales and marketing, she plays a key role in exploring opportunities in new markets. Part of her responsibility is also to monitor market developments and streamline the company’s product development efforts according to market demands.

On Aug 12, LHT Holdings reported H1 2022 gross profit of S$6.85 million, an increase of 8.3 per cent from H1 2021 on a higher gross profit margin of 38 per cent in H1 2022, compared to 36.3 per cent in H1 2021. The higher gross margin was due to better product mix and intensified effort in sourcing for cheaper raw materials.

Yap noted earlier this year that the group’s achievements depend largely on its core business of manufacturing and sale of pallets and packaging cases, and that the ability to increase market share while maintaining profit margin is key to the business.

Share price not reflecting the good results. Now at 66c. That's why its a value trap. Not worth to look at especially T-Bills getting to 4% range now

[brattzz]

Share price not reflecting the good results. Now at 66c. That's why its a value trap. Not worth to look at especially T-Bills getting to 4% range now

yeah, beginning to look like another TTJ!   

Share price not reflecting the good results. Now at 66c. That's why its a value trap. Not worth to look at especially T-Bills getting to 4% range now

Share price not reflecting the good results. Now at 66c. That's why its a value trap. Not worth to look at especially T-Bills getting to 4% range now

Share price not reflecting the good results. Now at 66c. That's why its a value trap. Not worth to look at especially T-Bills getting to 4% range now

[Dosser]

https://www.sgx.com/research-education/m...t-above-16

LHT Holdings

On Oct 18, LHT Holdings managing director, Yap Mui Kee, acquired 460,700 shares at 70 cents per share. With a consideration of S$322,490, this took her direct interest in the homegrown pallet manufacturer from 15.21 per cent to 16.08 per cent. Her preceding acquisitions were on Oct 10 with 21,200 shares acquired at 72.46 cents per share and Sep 29 with 12,300 shares acquired at 68.0 cents per share.

Yap has gradually increased her direct interest in LHT Holdings from 14.12 per cent in August 2021. She has been the executive director of the company since January 1988 and is in charge of the sales and marketing functions of the group. She was appointed acting managing director in February 2016 and was re-designated the chairman, managing director, and CEO in February 2017. With over 35 years of experience in sales and marketing, she plays a key role in exploring opportunities in new markets. Part of her responsibility is also to monitor market developments and streamline the company’s product development efforts according to market demands.

On Aug 12, LHT Holdings reported H1 2022 gross profit of S$6.85 million, an increase of 8.3 per cent from H1 2021 on a higher gross profit margin of 38 per cent in H1 2022, compared to 36.3 per cent in H1 2021. The higher gross margin was due to better product mix and intensified effort in sourcing for cheaper raw materials.

Yap noted earlier this year that the group’s achievements depend largely on its core business of manufacturing and sale of pallets and packaging cases, and that the ability to increase market share while maintaining profit margin is key to the business.

Share price not reflecting the good results. Now at 66c. That's why its a value trap. Not worth to look at especially T-Bills getting to 4% range now

It appears that local investors are realising the attractive rates that can be obtained on T-Bills. Latest auction was heavily over-subscribed, so much so that there were a record number of bids, causing MAS some minor admin delay:

https://www.mas.gov.sg/bonds-and-bills

A lot of bidders appear to have gone for a non-competitive bid, which I doubt is the best strategy especially for those looking at the difference between CPF Ordinary Account rates and current T-Bill rates. I suspect a lot of the new bidders don't fully understand the T-Bill auction process. However, that is getting far from the thread topic of LHT....

[brattzz]

Increase in dividends FY2022!

Name of Dividend : First and final dividend
Dividend : Cash
Dividend amount per share: 5.0 cents per ordinary share (one tier exempt dividend)

huat har!

Revenue:
The Group’s revenue for the financial year ended 31 December 2022 (FY2022) decreased by 1.3% or
$0.46 million to $35.53 million as compared with $35.99 million for the financial year ended 31 December
2021 (FY2021).
The sale of pallets and packaging business decreased by 4.4% or $1.27 million from $28.56 million to
$27.29 million due to lower local customer orders as competition from overseas suppliers resumed as
movement restrictions are removed after the pandemic.
Revenue from trading of timber-related products has decreased by 43.2% or $0.63 million from $1.46
million to $0.83 million due to lower market demand for timber in FY2022. Trading activities do not follow
any seasonal patterns.
Revenue from Technical Wood® and related products increased by 125.0% or $1.25 million from $1.00
million to $2.25 million mainly due to higher woodchip sales due to intensified marketing effort which has
increased in FY2022.
The pallet rental income increased by 3.6% or $0.18 million from $4.98 million to $5.16 million due to
higher rental pallet demand after the Covid-19 pandemic period as the economy adjusts gradually.

[weijian]

This can be interpreted as a piece of good news or bad news. LHT is dependent on how the logistics sector performs and the logistic sector is dependent on world trade. With trade slowing down and normalization of logistic demand as people start to divert their consumption from goods to services, will this affect LHT in the coming FYs?

Minutes of the Annual General Meeting of the Company held at 27 Sungei Kadut Street 1, Singapore 729335 on Friday, 28 April 2023 at 3.30 p.m.

Question 1 – “What are the development plans for 30 Kranji Way property? Understand the Company had acquired another property, why do we need two properties?”

Company’s reply:
Due to the continuing high geopolitical and uncertain economic situation, and the high cost of this project, the Company will be conducting further due diligence to evaluate the feasibility of this investment going forward. No. 6 Tuas South Street 10 will be acquired by LHT Ecotech Resources Pte. Ltd. for its wood waste recycling and recovery business. This acquisition is also intended for storage and business development purposes. The location is suitable to accommodate the business of LHT Ecotech Resources Pte. Ltd

AGM2022 MoM:
https://links.sgx.com/FileOpen/LHT%20Hol...eID=758521

[brattzz]

Since LHT has found another factory at No.6 Tuas South Street 10, its likely there is no need to carry out MAJOR development for 30 Kranji way, in a slowing economy, it should be done in minor stages, over many years (5-8 yrs?)..... so this will be an outright saving of the planned/saved, CAPEX, which meant that LHT has the capacity to return more cash earnings/dividends back to Mdm Yap directly, and opmis... as shown by 5cts dividends restored for 2023...

good news and good returns restoring confidence!

slow and steady, accumulate!

[ghchua]

Dear all,

LHT had certainly done well lately in terms of share price! Year to date, it is up more than 30% and still going strong. A value trap? Certainly not, in my opinion.

This case study had underscored my view to always stay patient with stocks, especially when you do value investing. A stock can do nothing for years, but when it moves, it can surprise everyone, including myself sometimes.