Lee Swee Kiat Group Berhad

Continuing the list here (part 4):

$LEESK / 8079 (LEE SWEE KIAT GROUP BERHAD) (MC: RM141.0Mil)– Dividend Policy of at least 30% of PAT
$FOCUSP / 0157 (FOCUS POINT HOLDINGS BERHAD) (MC: RM360.4Mil) – Dividend Policy of at least 30% of PAT
$TAMBUN / 5191 (TAMBUN INDAH LAND BERHAD) (MC: RM474.5Mil)- Dividend policy of 40% ~ 60% of PAT
$ELKDESA / 5228 (ELK-DESA RESOURCES BERHAD) (MC: RM554.9Mil) - Dividend policy of 60% of PAT
$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) (MC: RM840mil) - Dividend payout of at least 60% of PAT


MC: Approximate Market Cap

**Note: the dividend payout is subjected to cash flow, valuation gain/loss of properties, etc. (for details please read their respective annual reports)

Something You Need to Know About $LEESK / 8079 (LEE SWEE KIAT GROUP BERHAD)

Did you know?

1. Market Leadership

Established in 1975, LEESK has cultivated a strong brand presence both locally and internationally by consistently delivering superior product quality and innovation. Their flagship brand, Napure, is one of Malaysia's leading latex mattress brands. Furthermore, LEESK is the exclusive distributor of two globally renowned mattress brands—Englander and Tempur—in Malaysia. This diversified brand strategy not only broadens the company’s product range but also meets the varied needs of consumers. Dominating the latex mattress industry, the group offers an extensive selection of products, from 100% natural latex mattresses to premium spring mattresses, which has been a cornerstone of its long-term success.

2. Financial Stability and Growth Potential

LEESK’s strong financial standing is equally impressive. With a net cash per share of 8 sen, the company showcases solid capital management capabilities. According to projections from a leading investment bank, the company's earnings are expected to grow at a robust annual rate of 14.08%, underscoring its strong growth potential. Over the past year, the company has seen its earnings soar by 32.2%, highlighting both its competitiveness and its upward growth trajectory.

3. Stock Performance and Dividend Yield

Investors have reason to be pleased with the performance of LEESK’s stock. Over the last five years, shareholders have enjoyed more than 40% return on their investment. Even with rising stock prices, the company continues to offer an attractive dividend yield of 4.3%, making it a solid option for those seeking stable income.

4. Valuation Appeal

While there are no other pure mattress companies listed on the Malaysian stock exchange for direct comparison, LEESK’s stock is currently trading at a mere 8 times its projected price-to-earnings ratio for the fiscal year 2025 and 5 times its cash flow. This valuation is relatively low, particularly when considering the company’s market leadership and strong financial health.

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATO' LEE KONG SIM

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - LEE SWEE KIAT & SONS SDN BHD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MADAM TAN KUIN LUAN

Changes in Director's Interest (Section 219 of CA 2016) - DATO' LEE KONG SIM

Changes in Director's Interest (Section 219 of CA 2016) - MADAM TAN KUIN LUAN

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR LEE AH BAH @ LEE SWEE KIAT

Changes in Director's Interest (Section 219 of CA 2016) - MR LEE AH BAH @ LEE SWEE KIAT

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR LEE KONG YAM

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUESLEE SWEE KIAT GROUP BERHAD ("LSK" OR THE "COMPANY")

BONUS ISSUE OF UP TO 83,907,852 NEW ORDINARY SHARES IN LSK ("LSK SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 2 EXISTING LSK SHARES HELD AS AT 5.00 P.M. ON 25 JUNE 2024 ("ENTITLEMENT DATE") ("BONUS ISSUE OF SHARES")

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUESLEE SWEE KIAT GROUP BERHAD ("LSK" OR THE "COMPANY")

BONUS ISSUE OF UP TO 83,907,852 NEW ORDINARY SHARES IN LSK ("LSK SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 2 EXISTING LSK SHARES HELD AS AT 5.00 P.M. ON 25 JUNE 2024 ("ENTITLEMENT DATE") ("BONUS ISSUE OF SHARES")

Changes in Director's Interest (Section 219 of CA 2016) - MADAM TAN KUIN LUAN

Changes in Director's Interest (Section 219 of CA 2016) - MR LEE AH BAH @ LEE SWEE KIAT

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR LEE KONG YAM

LEESK - Notice of Bonus Entitlement

Bonus Issue

Change in Nomination and Remuneration Committee - MISS SEOW NYOKE YOONG

Change in Boardroom - MISS SEOW NYOKE YOONG

Change in Audit Committee - MISS SEOW NYOKE YOONG

Changes in Director's Interest (Section 219 of CA 2016) - MADAM TAN KUIN LUAN

Changes in Director's Interest (Section 219 of CA 2016) - MR LEE AH BAH @ LEE SWEE KIAT

General Meetings: Outcome of Meeting

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR LEE KONG YAM

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR LEE KONG YAM

Notice of Sale or Cancellation of Treasury Shares (Section 127 of CA 2016)

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED BONUS ISSUE OF UP TO 83,907,852 NEW ORDINARY SHARES IN LEE SWEE KIAT GROUP BERHAD ("LSK") ("LSK SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 2 EXISTING LSK SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER

Annual Report & CG Report - 2023

STATEMENT TO SHAREHOLDERS IN RELATION TO THE PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR THE AUTHORITY TO THE COMPANY TO PURCHASE ITS OWN SHARES OF UP TO TEN PER CENTUM (10%) OF THE TOTAL NUMBER OF ISSUED SHARES