Priceworth International Bhd operates in Malaysian timber and wood-based products industry. The company is organized into business units based on their products and services and has four reportable operating segments. The logging segment is involved in extraction, the sale of logs and tree planting. The manufacturing segment is in the business of manufacturing and sale of plywood, raw and laminated particleboard, and finger joint moulding. The shipyard segment is involved in the provision of marine services, including repair and maintenance of tugboat and barge amongst others; and others segment is involved in investment holding and the provision of hiring services. The majority of Pworth revenue is derived from the Japan.

The Japanese scientist take aim at plastic with wood-based straws and more,The innovative straw, which won the Japan Wood Design Award given to exceptional products or activities making use of timber, was on display at the Tokyo Big Sight exhibition center in the capital's Koto Ward on Dec. 6-8.

While challenges remain to commercializing the utensil, Nonaka, a forest resources professor in the university's phytomaterials functionality control lab, and Matsuoka, a master's degree student, are looking to develop more products using their eco-friendly material.

The scientists started thinking about making a straw from wood after being asked by a packing material manufacturer to replace plastic handles of paper bags with material used for paper.

source:   http://www.asahi.com/ajw/articles/AJ201901050004.html

Ban on plastic straws in KL, Putrajaya and Labuan from Jan 1, 2019

PUTRAJAYA: Plastic straws will be banned in all the Federal Territories of Kuala Lumpur, Putrajaya and Labuan from Jan 1 next year.

Ministry secretary-general Datuk Seri Adnan Mohd Ikhsan said businesses which are still found to be using plastic straws in 2019 risk having their business licences terminated.

"Business owners may also be fined, lose their deposits, have their trading items confiscated or even be imprisoned.

"The ban on plastic straws is in addition to the ban on plastics bags and polystyrene food packaging, which started in September last year (2017).

"The requirements are clearly stated in their business licences, so there is no excuse for the business owners to claim ignorance.

"Local authorities will not hesitate to take action according to its by-laws," he said.

Adnan said he hoped all business owners would cooperate and strictly adhere to requirements for the greater good of the environment.
 

Source: https://www.thestar.com.my/news/nation/2018/09/20/ban-on-plastic-straws-in-kl-putrajaya-and-labuan-next-year-to-protect-environment/

STOCKS THAT RELATED TO TIMBER PRODUCTION

As you can see from Jtiasa and Taan which are leading the recovery of stock prices, pworth which is the lagging stock is about to rebound strong.

Why pworth and why choose it over jtiasa, taan and other timber stocks?

1)  Revenue from japan, demand increasing

2) Urge demand of wooden straw to replace plastic straw in local market

3)  The price is not far from the strongest support, price at near bottom fish

4) Better reward risk ratio

Why Latest Pworth result is so poor?

The authorities have verified the Group’s operations in early September 2018. As such, although there is no logs production in the last two months 

The outcome?

The Group believes it will be most beneficial to the Group in the long run as the verification will provide the assurance that our harvesting operations are in full compliance with the laws, policies and practices of the Sabah Forestry Department (“SFD”). In addition, all royalties due have been duly paid to the relevant authorities. We are pleased to advise that the findings by the authorities thus far confirmed that we were not involved in any illegal logging activities

PRODUCTION RESUMING HENCE THE BAD RESULT SHOULD BE ONE OFF!!

2019 pworth expectation?

Barring any unforeseen circumstances, the Board of Directors expect the Group’s performance to further improve for the financial year ending 2019.

Source: 2019 Q1 quarterly report 

Enter price 1 :  6sens and above 

Cut Loss : 5sens and below

Target price 1 : 12sens

Disclaimer:  This article is for study & sharing of stocks. It shall not represent a recommendation to buy or sell. 

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