So I believe this is due to change of opinion of existing Liihen's shareholder where they are looking forward for the recovery of the earning which is yet to be reported in Q4 report rather than the damage which is already done and accounted for in Q3.
For this particular stock at the present, I couldn't figure a better time to buy it, for a handsome capital return when she announces next quarter earning after CNY 2022.
This announcement is dated 27 January 2022.
I agree that the appropriate PE for this stock is around 8 but I think we should use forward PE instead of rolling 4 quarters in the past because we do not expect the same damage to be repeatable.
Hope management will make themselves more visible to investing fraternity.
Plantation segment cultivates rubberwood trees, and Others segments include the firm's investment holding activities.
Except selected blue chip companies such as Nestle, most companies who meet the conditions will comply with shareholders' request by citing reasons like "enhancing the trading liquidity and marketability of shares"; "shares made more affordable in order to appeal to a wider group of shareholders and investors"...
I particularly like its rather generous dividend policy.
I have been holding Liihen for a while now; sold a large portion of it when it neared RM4.
Most of Liihen raw materials are rubber woods and fiber board, deforestation may not so concern but i have no info whether her wood plantation is on the virgin forest or not.
H4 seems like the corrective wave has finished and start to make Wave 1 then Wave 2.
Description: I just would like to hear other shareholders' preferences.