Highlights

KLSE: LEESK (8079)

LEE SWEE KIAT GROUP BHD

Last Price	Today's Change	Day's Range	Trading Volume
0.91	-0.015 (1.62%)	0.905 - 0.925	2,006,400

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Financials

Market Cap: 153 Million

Market Cap	153 Million
NOSH	168 Million

Latest Audited Result: 31-Dec-2022

Latest Audited Result:	31-Dec-2022
Announcement Date	28-Apr-2023
Next Audited Result:	31-Dec-2023
Est. Ann. Date:	28-Apr-2024
Est. Ann. Due Date:	28-Jun-2024

Latest Quarter: 31-Dec-2023 [#4]

Latest Quarter:	31-Dec-2023 [#4]
Announcement Date	27-Feb-2024
Next Quarter:	31-Mar-2024
Est. Ann. Date:	29-May-2024
Est. Ann. Due Date:	30-May-2024
QoQ \| YoY	19.50% \| 8.55%

Annual (Unaudited) ( EPS: 8.13, P/E: 11.19 )

Revenue \| NP to SH	127,707 \| 13,651
RPS \| P/RPS	76.10 Cent \| 1.20
EPS \| P/E \| EY	8.13 Cent \| 11.19 \| 8.94%
DPS \| DY \| Payout %	3.37 Cent \| 3.70% \| 41.38%
NAPS \| P/NAPS	0.45 \| 2.01
YoY	4.77%
NP Margin \| ROE	10.67% \| 17.99%
F.Y. \| Ann. Date	31-Dec-2023 \| 27-Feb-2024

T4Q Result ( EPS: 8.13, P/E: 11.19 )

Revenue \| NP to SH	127,708 \| 13,651
RPS \| P/RPS	76.10 Cent \| 1.20
EPS \| P/E \| EY	8.13 Cent \| 11.19 \| 8.94%
DPS \| DY \| Payout %	3.37 Cent \| 3.70% \| 41.38%
NAPS \| P/NAPS	0.45 \| 2.01
QoQ \| YoY	2.44% \| 4.77%
NP Margin \| ROE	10.67% \| 17.99%
F.Y. \| Ann. Date	31-Dec-2023 \| 27-Feb-2024

Annualized Result ( EPS: 8.13, P/E: 11.19 )

Revenue \| NP to SH	127,707 \| 13,651
RPS \| P/RPS	76.10 Cent \| 1.20
EPS \| P/E \| EY	8.13 Cent \| 11.19 \| 8.94%
DPS \| DY \| Payout %	-
NAPS \| P/NAPS	-
QoQ \| YoY	7.47% \| 4.77%
NP Margin \| ROE	10.67% \| 17.99%
F.Y. \| Ann. Date	31-Dec-2023 \| 27-Feb-2024

Hints :
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Date				Financial Result						Financial Ratio			Per Share Item									Performance		Valuation (End of Quarter)							Valuation (Ann. Date)
F.Y.	Ann. Date	Quarter	#	Revenue	PBT	NP	NP to SH	Div	Net Worth	Div Payout %	NP Margin	ROE	NOSH	RPS	Adj. RPS	EPS	Adj. EPS	DPS	Adj. DPS	NAPS	Adj. NAPS	QoQ	YoY	EOQ Date	EOQ Price	EOQ P/RPS	EOQ P/EPS	EOQ P/NAPS	EOQ EY	EOQ DY	ANN Date	ANN Price	ANN P/RPS	ANN P/EPS	ANN P/NAPS	ANN EY	ANN DY
31-Dec-2023	27-Feb-2024	31-Dec-2023	4	34,212	5,196	4,112	4,124	5,649	75,863	136.99%	12.02%	5.44%	161,412	21.20	20.39	2.55	2.46	3.50	3.37	0.4700	0.45	19.50%	8.55%	29-Dec-2023	0.815	3.85	31.90	1.73	3.13%	4.29%	27-Feb-2024	1.19	5.61	46.58	2.53	2.15%	2.94%
31-Dec-2023	27-Nov-2023	30-Sep-2023	3	32,706	4,429	3,451	3,451	-	72,635	- %	10.55%	4.75%	161,412	20.26	19.49	2.14	2.06	0.00	0.00	0.4500	0.43	30.67%	42.02%	29-Sep-2023	0.76	3.75	35.55	1.69	2.81%	0.00%	27-Nov-2023	0.755	3.73	35.31	1.68	2.83%	0.00%
31-Dec-2023	21-Aug-2023	30-Jun-2023	2	31,097	3,242	2,642	2,641	-	69,407	- %	8.50%	3.81%	161,412	19.27	18.53	1.64	1.57	0.00	0.00	0.4300	0.41	-23.11%	-15.27%	30-Jun-2023	0.805	4.18	49.20	1.87	2.03%	0.00%		0.78	4.05	47.67	1.81	2.10%	0.00%
31-Dec-2023	29-May-2023	31-Mar-2023	1	29,693	4,026	3,426	3,435	-	66,178	- %	11.54%	5.19%	161,412	18.40	17.69	2.13	2.05	0.00	0.00	0.4100	0.39	-9.58%	-6.76%	31-Mar-2023	0.77	4.19	36.18	1.88	2.76%	0.00%		0.775	4.21	36.42	1.89	2.75%	0.00%
31-Dec-2022	21-Feb-2023	31-Dec-2022	4	35,350	4,237	3,806	3,799	5,649	71,021	148.71%	10.77%	5.35%	161,412	21.90	21.06	2.35	2.26	3.50	3.37	0.4400	0.42	56.34%	132.64%	30-Dec-2022	0.725	3.31	30.80	1.65	3.25%	4.83%	21-Feb-2023	0.825	3.77	35.05	1.88	2.85%	4.24%
31-Dec-2022	21-Nov-2022	30-Sep-2022	3	31,717	3,088	2,420	2,430	-	67,937	- %	7.63%	3.58%	161,755	19.61	18.90	1.50	1.45	0.00	0.00	0.4200	0.40	-22.04%	124.38%	30-Sep-2022	0.63	3.21	41.94	1.50	2.38%	0.00%	21-Nov-2022	0.615	3.14	40.94	1.46	2.44%	0.00%
31-Dec-2022	22-Aug-2022	30-Jun-2022	2	31,389	3,711	3,103	3,117	-	64,702	- %	9.89%	4.82%	161,755	19.41	18.70	1.93	1.86	0.00	0.00	0.4000	0.39	-15.39%	73.55%	30-Jun-2022	0.70	3.61	36.33	1.75	2.75%	0.00%	22-Aug-2022	0.715	3.68	37.10	1.79	2.70%	0.00%
31-Dec-2022	23-May-2022	31-Mar-2022	1	30,567	4,385	3,666	3,684	-	63,770	- %	11.99%	5.78%	167,816	18.21	18.21	2.28	2.28	0.00	0.00	0.3800	0.38	125.60%	19.96%	31-Mar-2022	0.80	4.39	36.44	2.11	2.74%	0.00%	23-May-2022	0.67	3.68	30.52	1.76	3.28%	0.00%
31-Dec-2021	21-Feb-2022	31-Dec-2021	4	32,619	2,052	1,642	1,633	4,043	61,466	247.63%	5.03%	2.66%	161,755	20.17	19.44	1.01	0.97	2.50	2.41	0.3800	0.37	50.78%	26.98%	31-Dec-2021	0.82	4.07	81.22	2.16	1.23%	3.05%	21-Feb-2022	0.85	4.22	84.20	2.24	1.19%	2.94%
31-Dec-2021	22-Nov-2021	30-Sep-2021	3	19,387	1,251	1,050	1,083	-	59,849	- %	5.42%	1.81%	161,755	11.99	11.55	0.67	0.65	0.00	0.00	0.3700	0.36	-39.70%	-71.80%	30-Sep-2021	0.88	7.34	131.44	2.38	0.76%	0.00%		0.85	7.09	126.95	2.30	0.79%	0.00%
31-Dec-2021	23-Aug-2021	30-Jun-2021	2	26,358	2,109	1,772	1,796	-	59,849	- %	6.72%	3.00%	161,755	16.30	15.71	1.11	1.07	0.00	0.00	0.3700	0.36	-41.52%	1,081.58%	30-Jun-2021	0.78	4.79	70.25	2.11	1.42%	0.00%	23-Aug-2021	0.86	5.28	77.46	2.32	1.29%	0.00%
31-Dec-2021	24-May-2021	31-Mar-2021	1	26,269	3,636	3,054	3,071	-	58,231	- %	11.63%	5.27%	161,755	16.24	15.65	1.90	1.83	0.00	0.00	0.3600	0.35	138.80%	139.36%	31-Mar-2021	0.88	5.42	46.35	2.44	2.16%	0.00%		0.895	5.51	47.14	2.49	2.12%	0.00%
31-Dec-2020	26-Feb-2021	31-Dec-2020	4	30,100	2,393	1,290	1,286	4,043	58,231	314.45%	4.29%	2.21%	161,755	18.61	17.94	0.79	0.77	2.50	2.41	0.3600	0.35	-66.52%	-55.52%	31-Dec-2020	0.89	4.78	111.95	2.47	0.89%	2.81%	26-Feb-2021	1.11	5.97	139.62	3.08	0.72%	2.25%
31-Dec-2020	23-Nov-2020	30-Sep-2020	3	29,605	4,382	3,807	3,841	-	56,614	- %	12.86%	6.78%	161,755	18.30	17.64	2.37	2.29	0.00	0.00	0.3500	0.34	2,426.97%	161.83%	30-Sep-2020	0.50	2.73	21.06	1.43	4.75%	0.00%	23-Nov-2020	0.645	3.52	27.16	1.84	3.68%	0.00%
31-Dec-2020	24-Aug-2020	30-Jun-2020	2	14,669	156	132	152	-	53,379	- %	0.90%	0.28%	161,755	9.07	8.74	0.08	0.09	0.00	0.00	0.3300	0.32	-88.15%	-90.25%	30-Jun-2020	0.535	5.90	569.34	1.62	0.18%	0.00%	24-Aug-2020	0.49	5.40	521.45	1.48	0.19%	0.00%
31-Dec-2020	12-Jun-2020	31-Mar-2020	1	21,925	1,378	1,283	1,283	-	51,761	- %	5.85%	2.48%	161,755	13.55	13.06	0.78	0.76	0.00	0.00	0.3200	0.31	-55.62%	-41.97%	31-Mar-2020	0.495	3.65	62.41	1.55	1.60%	0.00%	12-Jun-2020	0.545	4.02	68.71	1.70	1.46%	0.00%
31-Dec-2019	24-Feb-2020	31-Dec-2019	4	29,216	4,041	2,891	2,891	4,078	57,094	141.07%	9.90%	5.06%	163,128	17.91	17.41	1.77	1.72	2.50	2.43	0.3500	0.34	97.07%	-13.62%	31-Dec-2019	0.61	3.41	34.42	1.74	2.91%	4.10%	24-Feb-2020	0.57	3.18	32.16	1.63	3.11%	4.39%
31-Dec-2019	25-Nov-2019	30-Sep-2019	3	25,106	1,591	1,467	1,467	-	53,832	- %	5.84%	2.73%	163,127	15.39	14.96	0.90	0.87	0.00	0.00	0.3300	0.32	-5.90%	-48.18%	30-Sep-2019	0.60	3.90	66.72	1.82	1.50%	0.00%	25-Nov-2019	0.60	3.90	66.72	1.82	1.50%	0.00%
31-Dec-2019	26-Aug-2019	30-Jun-2019	2	22,759	1,694	1,559	1,559	-	52,200	- %	6.85%	2.99%	163,128	13.95	13.56	0.96	0.93	0.00	0.00	0.3200	0.31	-29.49%	-22.67%	28-Jun-2019	0.835	5.98	87.37	2.61	1.14%	0.00%	26-Aug-2019	0.70	5.02	73.25	2.19	1.37%	0.00%
31-Dec-2019	27-May-2019	31-Mar-2019	1	24,570	2,404	2,211	2,211	-	53,832	- %	9.00%	4.11%	163,128	15.06	14.64	1.36	1.32	0.00	0.00	0.3300	0.32	-33.94%	7.28%	29-Mar-2019	0.89	5.91	65.66	2.70	1.52%	0.00%	27-May-2019	0.91	6.04	67.14	2.76	1.49%	0.00%
31-Dec-2018	25-Feb-2019	31-Dec-2018	4	25,892	4,228	3,347	3,347	4,078	52,200	121.85%	12.93%	6.41%	163,128	15.87	15.43	2.05	1.99	2.50	2.43	0.3200	0.31	18.23%	10.72%	31-Dec-2018	0.85	5.36	41.43	2.66	2.41%	2.94%	25-Feb-2019	0.975	6.14	47.52	3.05	2.10%	2.56%
31-Dec-2018	23-Nov-2018	30-Sep-2018	3	27,803	3,051	2,831	2,831	-	50,569	- %	10.18%	5.60%	163,128	17.04	16.57	1.74	1.69	0.00	0.00	0.3100	0.30	40.43%	71.99%	28-Sep-2018	1.02	5.98	58.77	3.29	1.70%	0.00%	23-Nov-2018	1.03	6.04	59.35	3.32	1.68%	0.00%
31-Dec-2018	20-Aug-2018	30-Jun-2018	2	23,004	2,176	2,016	2,016	-	48,938	- %	8.76%	4.12%	163,128	14.10	13.71	1.24	1.20	0.00	0.00	0.3000	0.29	-2.18%	119.13%	29-Jun-2018	0.84	5.96	67.97	2.80	1.47%	0.00%	20-Aug-2018	1.05	7.45	84.96	3.50	1.18%	0.00%
31-Dec-2018	28-May-2018	31-Mar-2018	1	23,332	2,281	2,061	2,061	-	45,675	- %	8.83%	4.51%	163,128	14.30	13.90	1.26	1.23	0.00	0.00	0.2800	0.27	-31.82%	363.15%	30-Mar-2018	0.625	4.37	49.47	2.23	2.02%	0.00%	28-May-2018	0.935	6.54	74.01	3.34	1.35%	0.00%
31-Dec-2017	26-Feb-2018	31-Dec-2017	4	22,830	3,690	3,023	3,023	2,468	46,073	81.65%	13.24%	6.56%	164,547	13.87	13.60	1.84	1.80	1.50	1.47	0.2800	0.27	83.66%	41.73%	29-Dec-2017	0.35	2.52	19.05	1.25	5.25%	4.29%	26-Feb-2018	0.565	4.07	30.75	2.02	3.25%	2.65%
31-Dec-2017	28-Nov-2017	30-Sep-2017	3	19,990	1,671	1,646	1,646	-	43,632	- %	8.23%	3.77%	167,816	11.91	11.91	0.98	0.98	0.00	0.00	0.2600	0.26	78.91%	37.86%	29-Sep-2017	0.315	2.64	32.12	1.21	3.11%	0.00%	28-Nov-2017	0.315	2.64	32.12	1.21	3.11%	0.00%
31-Dec-2017	24-Aug-2017	30-Jun-2017	2	17,604	1,010	920	920	-	43,632	- %	5.23%	2.11%	167,816	10.49	10.49	0.55	0.55	0.00	0.00	0.2600	0.26	106.74%	-5.54%	30-Jun-2017	0.315	3.00	57.46	1.21	1.74%	0.00%	24-Aug-2017	0.315	3.00	57.46	1.21	1.74%	0.00%
31-Dec-2017	25-May-2017	31-Mar-2017	1	14,506	470	445	445	-	41,954	- %	3.07%	1.06%	167,816	8.64	8.64	0.26	0.26	0.00	0.00	0.2500	0.25	-79.14%	-52.41%	31-Mar-2017	0.37	4.28	139.53	1.48	0.72%	0.00%	25-May-2017	0.35	4.05	131.99	1.40	0.76%	0.00%
31-Dec-2016	23-Feb-2017	31-Dec-2016	4	16,359	2,319	2,133	2,133	1,678	41,954	78.68%	13.04%	5.08%	167,816	9.75	9.75	1.27	1.27	1.00	1.00	0.2500	0.25	78.64%	-11.68%	30-Dec-2016	0.28	2.87	22.03	1.12	4.54%	3.57%	23-Feb-2017	0.30	3.08	23.60	1.20	4.24%	3.33%
31-Dec-2016	24-Nov-2016	30-Sep-2016	3	14,637	1,294	1,194	1,194	-	40,275	- %	8.16%	2.96%	167,816	8.72	8.72	0.71	0.71	0.00	0.00	0.2400	0.24	22.59%	43.51%	30-Sep-2016	0.29	3.32	40.76	1.21	2.45%	0.00%	24-Nov-2016	0.275	3.15	38.65	1.15	2.59%	0.00%
31-Dec-2016	24-Aug-2016	30-Jun-2016	2	17,474	1,084	974	974	-	38,597	- %	5.57%	2.52%	167,816	10.41	10.41	0.58	0.58	0.00	0.00	0.2300	0.23	4.17%	182.32%	30-Jun-2016	0.28	2.69	48.24	1.22	2.07%	0.00%	24-Aug-2016	0.285	2.74	49.10	1.24	2.04%	0.00%
31-Dec-2016	24-May-2016	31-Mar-2016	1	15,731	975	935	935	-	38,597	- %	5.94%	2.42%	167,816	9.37	9.37	0.56	0.56	0.00	0.00	0.2300	0.23	-61.28%	-31.55%	31-Mar-2016	0.285	3.04	51.15	1.24	1.95%	0.00%	24-May-2016	0.305	3.25	54.74	1.33	1.83%	0.00%
31-Dec-2015	25-Feb-2016	31-Dec-2015	4	19,024	2,410	2,415	2,415	-	36,919	- %	12.69%	6.54%	167,816	11.34	11.34	1.44	1.44	0.00	0.00	0.2200	0.22	190.26%	25.98%	31-Dec-2015	0.28	2.47	19.46	1.27	5.14%	0.00%	25-Feb-2016	0.27	2.38	18.76	1.23	5.33%	0.00%
31-Dec-2015	12-Nov-2015	30-Sep-2015	3	16,663	882	832	832	-	35,241	- %	4.99%	2.36%	167,816	9.93	9.93	0.50	0.50	0.00	0.00	0.2100	0.21	141.16%	-21.80%	30-Sep-2015	0.295	2.97	59.50	1.40	1.68%	0.00%	12-Nov-2015	0.305	3.07	61.52	1.45	1.63%	0.00%
31-Dec-2015	24-Aug-2015	30-Jun-2015	2	14,624	430	345	345	-	33,563	- %	2.36%	1.03%	167,816	8.71	8.71	0.21	0.21	0.00	0.00	0.2000	0.20	-74.74%	-35.15%	30-Jun-2015	0.235	2.70	114.31	1.18	0.87%	0.00%	24-Aug-2015	0.275	3.16	133.77	1.38	0.75%	0.00%
31-Dec-2015	28-May-2015	31-Mar-2015	1	22,608	1,431	1,366	1,366	-	33,563	- %	6.04%	4.07%	167,816	13.47	13.47	0.81	0.81	0.00	0.00	0.2000	0.20	-28.74%	127.29%	31-Mar-2015	0.305	2.26	37.47	1.53	2.67%	0.00%	28-May-2015	0.29	2.15	35.63	1.45	2.81%	0.00%
31-Dec-2014	25-Feb-2015	31-Dec-2014	4	22,188	2,446	1,917	1,917	-	31,885	- %	8.64%	6.01%	167,816	13.22	13.22	1.14	1.14	0.00	0.00	0.1900	0.19	80.17%	698.75%	31-Dec-2014	0.165	1.25	14.44	0.87	6.92%	0.00%	25-Feb-2015	0.185	1.40	16.20	0.97	6.17%	0.00%
31-Dec-2014	27-Nov-2014	30-Sep-2014	3	18,186	1,214	1,064	1,064	-	30,206	- %	5.85%	3.52%	167,816	10.84	10.84	0.63	0.63	0.00	0.00	0.1800	0.18	100.00%	149.77%	30-Sep-2014	0.20	1.85	31.54	1.11	3.17%	0.00%	27-Nov-2014	0.175	1.61	27.60	0.97	3.62%	0.00%
31-Dec-2014	28-Aug-2014	30-Jun-2014	2	17,790	532	532	532	-	28,528	- %	2.99%	1.86%	167,816	10.60	10.60	0.32	0.32	0.00	0.00	0.1700	0.17	-11.48%	175.65%	30-Jun-2014	0.18	1.70	56.78	1.06	1.76%	0.00%	28-Aug-2014	0.20	1.89	63.09	1.18	1.59%	0.00%
31-Dec-2014	27-May-2014	31-Mar-2014	1	16,875	601	601	601	-	28,528	- %	3.56%	2.11%	167,816	10.06	10.06	0.36	0.36	0.00	0.00	0.1700	0.17	150.42%	11.50%	31-Mar-2014	0.15	1.49	41.88	0.88	2.39%	0.00%	27-May-2014	0.145	1.44	40.49	0.85	2.47%	0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

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Comment

7 people like this.

Superb99 this counter like very slow, too little volume

21/04/2021 9:37 AM

Superb99 0.975...gg.com

21/04/2021 2:22 PM

Superb99 snail counter, same like SAPIND...little volume every day

22/04/2021 3:20 PM

Rwkl From the cover of the AR, is the subject on the mattress comes along with the lease?

25/04/2021 12:03 AM

Superb99 Can tabao liao

26/04/2021 6:05 PM

Superb99 Lesson learned, stay away from low volume counter like this leesk...pui

27/04/2021 9:26 AM

ANYU 该让时间告诉我们。

09/05/2021 9:42 AM

Superb99 1 day only 100 over lots are traded and price is so flat

18/05/2021 2:52 PM

BURSA Broccoli AGM highlights:
1) domestic sales are very encouraging but cannot confirm the effect of MCO 3.0 which may affect it temporarily,
2) export sales are also good but due to rising of ocean freight cost, some customers may delay the import for awhile,
3) sales derived from Cuckoo just started at end of March 2021 and target sale is 10k-14k mattresses in 2021,
4) even with rising of raw material costs, leesk able to pass it to customers,
5) acquired automation machines in 2020 which can increase capacity but pending foreign technician to fly over for commissioning,
6) bought 8 units of dormitories for foreign workers to comply ESG,
7) production is running at full capacity but MCO 3.0 limited 60% of workers may affect it in short term.

24/05/2021 10:56 AM

Superb99 Up a bit then go again

25/05/2021 11:30 AM

Superb99 thus rubbish counter can tabao liao, positive result but longkang price

25/05/2021 5:39 PM

Superb99 686 lots and price below 90 cents again...this BOD is sleeping

27/05/2021 2:54 PM

Superb99 This lc counter sure gap down again next week

29/05/2021 8:35 PM

Begineer will it continue to drop?

03/06/2021 4:49 PM

Superb99 Most likely yes, keep breaking support and so far no sigh of rebound...this counter is very quiet, not many people playing

04/06/2021 9:40 PM

Superb99 this is really a LC company

08/06/2021 5:12 PM

Begineer wao... will drop till???

16/06/2021 4:54 PM

Superb99 i cut half d, so far the price is still not supported plus poor market sentiment...most likely it will drop further....just my personal view

16/06/2021 5:23 PM

KL_82 Time to top up :)

03/07/2021 10:49 AM

risktoreward enter @ 0.94

15/09/2021 9:03 AM

risktoreward add @ 0.92

15/09/2021 9:33 PM

thesteward Leesk Cimb high target

13/01/2022 4:17 PM

thesteward If can close at 84/85 then looks bullish

13/01/2022 4:18 PM

rikki On track for record earnings in 2022F - Target Price RM1.84

■ We view LSK as a proxy to the recovery in consumer spending, backed by: i)
higher mattress sales, ii) price hikes, and iii) higher economies of scale.
■ We expect LSK’s collaboration with Cuckoo Malaysia to propel its profitability
to new heights going forward, with more marketing activities expected.
■ LSK’s valuation is undemanding at 5.5x CY23 P/E, an 81.6% discount to our
discretionary consumer sector’s mean CY23 P/E. Reiterate Add.

Witnessing a rebound in local sales since 4Q21

Since the gradual lifting of lockdown measures starting Oct 21, LSK has been witnessing
a strong rebound in sales in the local market. This is in tandem with the reopening of its
retail outlets, as well as more large-scale furniture fairs and exhibitions being held. On top
of that, we gather that LSK has seen a surge in mattress sales in areas affected by the
recent floods. Supported by the price increases effective 1H21, we expect the higher sales
to translate into margin expansion for the company from 4Q21 onwards.

Sales of A-series mattress in 2021 affected by lockdowns

While LSK aimed to sell 12,000 A-series mattresses (sold under LSK‘s collaboration with
Cuckoo) in 2021F, sales likely fell short (estimated to reach only 7,000, which is in line with
our estimates) due to the impact of various lockdowns throughout 2021. Nevertheless, we
take comfort that sales in May 21 (prior to the implementation of a full movement control
order [FMCO] in Jun-Sep 2021) was an encouraging 1.5k units.

Still optimistic on prospects of collaboration with Cuckoo

We remain optimistic about LSK’s collaboration with Cuckoo International. With the lifting
of lockdown measures and supported by better consumer sentiment and more marketing
activities, LSK is confident of achieving sales of 20,000 units (+185% yoy) in FY22F. In our
view, the rental model (with low initial purchase cost) offered by Cuckoo-LSK when
purchasing A-series mattresses could also be an attractive proposition to buyers amid the
current subdued consumer sentiment. Note that LSK expects contributions from its
collaboration with Cuckoo to contribute at least 20% of its turnover from FY22F onwards.

Net cash position will support attractive dividend yields in FY23-24F

As at end-3Q21, LSK has a net cash position of RM5.6m. With no major capex planned in
FY22-23F (flat at RM3.5m for FY21-23F), we expect its robust balance sheet to support its
dividend payouts (45% for FY21-23F). With an expected rebound in earnings, mainly in
FY22-23F, this could translate into solid dividend yields of 2.9-8.3% for FY21-23F.

Reiterate our Add call

We make no changes to our FY22-24F EPS forecasts. We also keep our Add call and TP
of RM1.84, based on 13x CY23 P/E, in line with its 5-year mean. We continue to like LSK
for its: i) defensive business (resilient demand for beds); ii) attractive valuation (5.5x CY23F
P/E); and iii) strong fundamentals (high ROE and net cash position). Re-rating catalyst: a
spike in sales volume and higher-than-expected sales from its collaboration with Cuckoo.

CGSCIMB Research January 12, 2022

17/02/2022 11:15 AM

hom3boy Anyone comment ..

07/04/2022 4:09 PM

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ P/E Ratio (TTM)
16.20(04/07/22)
EPS (TTM)
RM0.05
Market Cap
RM129.40 M
Shares Outstanding
N/A
Public Float
155.91 M

Revenues and profits have been up and down during the last 5 years. Given this lack-lustre consistent growth, it is not a company that for holding for the long term.

The share price has traded over a range and this might be of interest for short term players.

07/04/2022 4:42 PM

investortrader88 My average price RM0.74.will continue to hold.good luck guys.

24/05/2022 9:44 AM

investortrader88 https://www.theedgemarkets.com/node/656186

22/02/2023 7:55 AM

Battleman Come back after a year, seems some improvement in company performance

24/03/2023 11:22 PM

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Security LastPr PE DY% Divcts ROE ttm-marg
LEESK (Household) 0.76 9.79 4.6 3.5 17.64 10.1

30/03/2023 4:15 PM

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Ratios & Margins Lee Swee Kiat Group Bhd
All values updated annually at fiscal year end
Valuation
P/E Ratio (TTM) 9.31
P/E Ratio (including extraordinary items) -
Price to Sales Ratio 0.91
Price to Book Ratio -
Price to Cash Flow Ratio 7.00
Enterprise Value to EBITDA 6.14
Enterprise Value to Sales 0.85
Total Debt to Enterprise Value 0.12
Total Debt to EBITDA 0.69
EPS (recurring) 0.08
EPS (basic) 0.08
EPS (diluted) 0.08
Efficiency
Revenue/Employee -
Income Per Employee -
Receivables Turnover 8.08
Total Asset Turnover 1.19
Liquidity
Current Ratio 1.77
Quick Ratio 1.31
Cash Ratio 0.69
Profitability
Gross Margin -
Operating Margin +9.12
Pretax Margin +11.95
Net Margin +10.10
Return on Assets 12.02
Return on Equity 19.67
Return on Total Capital 14.73
Return on Invested Capital 17.67
Capital Structure
Total Debt to Total Equity 17.50
Total Debt to Total Capital 14.89
Total Debt to Total Assets 10.80
Interest Coverage 21.83
Long-Term Debt to Equity 9.33
Long-Term Debt to Total Capital 7.94
Long-Term Debt to Assets 0.06

Dec 2022
Cash & Short-Term Investment 23.43 M
Total Debt 12.36 M
Total Liabilities 43.65 M
Total Shareholder's Equity 70.61 M

KEY STOCK DATA
P/E Ratio (TTM)
9.31(04/20/23)
EPS (TTM)
RM0.08
Market Cap
RM121.32 M
Shares Outstanding
N/A
Public Float
155.91 M

23/04/2023 6:33 PM

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ LEESK Financial Information
Market Capital (RM) : 125.86m
EPS (cent) : 7.76
Business+ : Member Only
Number of Share : 167.82m
P/E Ratio : 9.66
YoY Score : Member Only
TTM Revenue : 129.02M
ROE : 17.64%
QoQ Score : Member Only
TTM Profit : 13.03M
Dividend (cent) : 3.500 ^
Debt/Asset Ratio : Member Only
TTM Profit Margin : 10.1%
Dividend Yield : 4.67%
Net Cash (RM) : Member Only
CAGR - Revenue : 11.5%
Dividend Policy : Member Only
Net Cash/Share (RM) : Member Only
CAGR - PAT : 16.7%
Dividend Payout : Member Only
Equity Growth : Member Only
NTA (RM) : 0.440
P/B Ratio : 1.70

23/04/2023 6:38 PM

i4value Post removed. Why?

27/05/2023 3:14 PM

Michael Kwok Price 75-78(buy on weaknesses)
Tp rm 1-rm 1.10(Medium term 6 month below)
17/6/23 11.30pm
****I come then it will up😀😀😀

17/06/2023 11:30 PM

mlmkcomic I carried out an analysis of the performance of the Bursa furniture sector over the past 13 years and this company was one screened for further investigation. If you want to see the details of the sector or the analysis of LEESK go to my blog.

09/07/2023 10:00 AM

Dehcomic01 Check out this YouTube analysis of the furniture sector https://www.youtube.com/watch?v=J--jjPbrc6I

23/08/2023 11:28 AM

Battleman why this counter suddenly price shooting up? any good news coming soon ?

22/01/2024 2:00 PM

daretocutandchange l sold too early around 1.03

11/02/2024 3:59 PM

Matccom @ Michael Kwok
respect your sharing even though I was not involved in this counter.😙😄😄😄😀

Price 75-78(buy on weaknesses)
Tp rm 1-rm 1.10(Medium term 6 month below)
17/6/23 11.30pm
****I come then it will up😀😀😀

2023-06-17 23:30

16/02/2024 5:51 PM

James Ng [转贴] [Video:浅谈LEE SWEE KIAT GROUP BERHAD, LEESK, 8079] - James的股票投资James Share Investing
https://klse.i3investor.com/web/blog/detail/general/2024-02-16-story-h-188393975

16/02/2024 8:58 PM

pinetree88 Bought in 1.16 today. Daily vol >2mil shares looks good and seems continued strong buying. Think their FY result should be reporting this wk. Any predictions or comments on their FY results?

19/02/2024 3:42 PM

hom3boy delay release report ???

22/02/2024 6:05 PM

G-boy special dividend!!!!

27/02/2024 10:45 PM

MACD dividend 3.5 sen !

09/03/2024 5:50 AM

MACD support 1.02 still not broken

13/03/2024 6:18 AM

speakup small caps are all dropping but big caps especially CI components are artificially supported by epf, pnb, khazanah, kwap to make malaysia look good to foreigners

13/03/2024 7:46 AM

MACD hi @speakup ,if you dont mind sharing,,, this stock is small cap or big cap overall ? let say leesk compared with minetec , leesk market cap for today 177.85 m and price 1.06 while minetec 258.794 m and price 0.145, does the price play any role here ? so which ones is bigger cap ? 😅

13/03/2024 8:06 PM

siongkhoon bonus issue 1:2

14/03/2024 4:02 PM

trader808 1. Lee SK has a string of corporate exercises. In addition to the 3.5sen cash dividend and one for 25 dividend in species it has again on 14/3/24 announced in is filing with Bursa to reward its long term shareholders with a bonus issue. For every 2 existing shares you will be rewarded with 1 bonus share on a date to be determined subsequently.

2. Despite the positive news, share price did not move much yesterday. Where do we go from here?.
3. LEE has EPS of 8.13sen say 8sen. Before the announcement of cash dividend, share dividend and bonus shares the price was 70sen. Hence, the PE multiple then was 9x. Share price usually trade in advance of fundamentals and it has gone up to 1.20 leading up to its filing with Bursa. At this price ,the PE was 15x

4. It gradually retracted and upon announcement yesterday share price did not move much and close at 108 and a PE multiple of 13x.

5. What will happen next?
The company now has issued and paid up capital of 167m shares. Upon completion of corporate exercise, the issued capital would enlarge from 167m+6.7m+86.8m =260m shares.
6. The company last year made 13.6m net profit. To ascribe a future value for Lee, let's assume the company is able to sustain an earning growth by 25%. Therefore the year end profit will be 13.6 x1.25 =17m
7. Hence, the EPS post bonus would be 17m divided by the enlarged capital 260m is equal to 6.8sen

8. Now, A PE of 10x would price it at 68sen and PE of 11x would value it at 75sen post bonus.

9 with this line of reasoning, we can logically assign a pre bonus value to the shares calculated in this manner.
If the PE is 10x simply take (68 x3)/2=RM1.02
if the PE is 11x simply take (75x3)/2= Rm1.12

11. LEE sk closed at 108 yesterday. In my opinion, it is fully value.

12. This is my personal and layman perception of the corporate exercise and its impact on share price. It is not intended to influence your investment decision and strategy.

13. Have a good day and happy trading
15/3/24

15/03/2024 10:02 AM

curiousq This is a very exciting stock ... for brave heart only 😃

17/04/2024 4:06 PM