Koda has dropped 43% from an intraday high of $1.095 on 31 Oct 2017 to close $0.625 on 16 Mar 2018.
Has Koda’s fundamentals deteriorate since Oct 2017 to warrant such a massive price decline?
I have the privilege of meeting Mr Joshua Koh, CEO of Commune Lifestyle Pte Ltd (“Management”) for a 1-1 discussion over Koda / Commune’s operations and prospects.
Koda’s & Commune’s background
Koda was established in 1972 by Mr Koh Teng Kwee. It started by producing wooden TV and speaker cabinets. Since its inception, Koda has progressed from being an Original Equipment Manufacturer (OEM) to an Original Design Manufacturer (ODM). Its forte is in home furniture and it is possibly the largest dining room furniture exporter in Southeast Asia.
Besides its ODM business, Koda established Commune Lifestyle Pte Ltd in 2011. This is their in-house brand and managed by the 3rd generation ...
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