Lee Swee Kiat Group Bhd (LSK) is a public company listed on the Bursa Malaysia Securities Bhd. It was founded since 1975. LSK owns two manufacturing facilities that occupy a total land area of 440,000 square feet. LSK is one of the most extensive mattress manufacturers in South East Asia with one stop production lines including natural latex foam, polyurethane foam and various spring productions. More than 50% of LSK products are exported. LSK operates a retail chain store under International Brands Gallery – IBG, that promotes Ergonomic beddings and furniture.
The company earning around 1sen EPS from 2010 to 2013. The company starting shining in 2014 with total earning of 2.451sen EPS in year 2014, which around 198% increased compare to 2013 earning.
In the latest quarter,the company's operating profit is 2.31m nearly 11times higher compare to last 200k.
The company has spike up from 19sen to high of 38sen in March, the volume was extremely huge untill get query and issued UMA by bursa.
Currently the share price consolidation around 30sen level and the price is touching and stand above the MA26 line. After consolidation period, price high chanse will testing recent high 38sen and more to go if company can continue posting a good result in the coming quarter.
More than 50% of the company products is export, with the recent weakening in MYR will continue benefit the company.
With the positive outlook for the export company in Malaysia and expect MYR will continue weakening this year, I believe LEESK more to go after the consolidation period.
Target Price : Rm0.38
Happy Trading!
Regards,
Nick Loke
How do u know that more than 50% of leesk product for export ?
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