preopen 2.60

http://klse.i3investor.com/blogs/bfm_podcast/91651.jsp

4.23 resistance

USD strengthen

CIMB Equities Research is maintaining its Hold recommendation for glove maker Hartalega with an unchanged RM5.68 target price, still based on a 23 times CY17F price-to-earnings (P/E) which is a 10% premium to its historical mean.

“Switch to Top Glove for stronger earnings growth in the sector,” it said.

5.58 pre open

2.42 pre open

eps 4.02
1.5 div

http://www.focuslumber.com.my/index.php?p=1_12_Plywood

Plywood

Our main product which contributed more than 90% of our total revenue for the past three (3) financial years.

Commonly used in various industries such as the Recreational Vehicle (‘RV’), home decorating, construction and furniture industries.

2015 December

Wholesale shipments to retailers of all RVs finished up 2015 quite strongly, rising to 28,025 units in the December survey of manufacturers, 4.8% ahead of the final month last year, the largest December total since 2005.

Seasonally adjusted, the annualized rate in December remained at or near the 400,000 unit level for the fourth consecutive month pushing final calendar quarter totals ahead of 3rd quarter results for the second year in a row. While all towable RVs remained ahead of all motorhomes shipments, the percentage gain in type C motorhomes was an impressive 40% greater than December one year ago.

For the year as a whole, all RV shipments reached 374,246 total units, an increase over the previous year of 4.9% and the best yearly total since 2006. This year marked the sixth consecutive annual increase in RV shipments since the end of the last recession.

rtesult will out after cny.

RV dec 2015 shipment

http://www.rvia.org/?ESID=currentmonth

some company help to pay levy but some are not.

china 2 baby system,will see baby boom next few years.

the most interesting part is their business expansion and M&A.

http://www.alliedmarketresearch.com/images/Global%20Disposable%20Gloves%20Market.jpg

https://www.alliedmarketresearch.com/images/global%20cleanroom%20disposable%20gloves%20sidebar.jpg

http://www.theglovecompany.com.au/wp-content/uploads/2014/07/TGC-Disposable-Glove-Comparison-Matrix11.jpg

yup
so far I found their TP based on USD/MYR 4.00-4.15.

HLB TP16.38(8.19)
Our FY16-18 core EPS forecasts are raised by 45.2%-
54.3% to 79.69 sen – 91.03 sen respectively, to account for
higher US$:RM assumption of RM4.00/US$ (vs. RM3.65
previously).

Affin
Upgrade to BUY with higher TP of RM14.90(7.45)
In view of the strong upcoming results, we raise our FY16-18E earnings by
22-31%. We impute a higher US$ assumption of RM4.10 for FY16 and
RM4.05 for FY17 while adjusting our utilisation rates higher.
Consequently, our TP is raised to RM14.90 (from RM 8.95) based on 23x
CY16 EPS (in-line with our target PE for Hartalega). Given that we expect
the favourable market conditions to continue, we believe that the group’s
current valuation is undemanding at 17.4x CY16 PE. Hence, we believe
that the group should trade at a higher PE given it has regained status as
the market leader in terms of profitability, sales volume and revenue.

CIMB
Top Glove’s share price goes ex-bonus issue today following the issuance of 617.4m
new bonus shares, increasing the group’s share base to 1,234.8m shares. Our exbonus
target price is RM8.00.Progressive capacity expansion
● Management expects the global demand for rubber gloves to stay healthy, expanding
by 6-8% in 2016. Top Glove plans to increase its annual production capacity by 18%
from 44.6bn in FY15 to 52.4bn pieces p.a. in FY17. The company is on track to
commence production of Factory 27 in Lukut, Port Dickson by Feb 2016, with an
estimated capacity of 2bn p.a.
Key potential share price catalysts include sustainable margin expansion and further M&A activities but not USD/MYR forex gain.

Current: 25 glove factories = 484productions line / 44.6 capacity P.A
coming expansion in progress have
F27 (Klang, Malaysia) 16 2 Feb-16
F6 (Phuket, Thailand) 12 1.4 Aug-16
F30 (Klang, Malaysia) 28 4.4 Feb-17

total production line will be 540 / 52.4 capacity P.A by FEB 2017 not include M&A.

if you are staf there,you wanna cash out for cny.

https://www.dropbox.com/s/gfsjbif48f7ckvt/TG%20CIMB%2021012016.pdf?dl=0

November RV Shipments Hit Ten-Year High

RV wholesale shipments tracked by RVIA continued to perform strongly in the final quarter of 2015 with November monthly totals hitting their highest level in 10 years at 27,329 units, an increase of 3.9% above November 2014.

Year to date, total RV shipments grew to 346,221 units through November, an increase 4.9% over the same 11-month period in 2014. Shipments of all towable RVs grew 4.8% to 302,672 units while motorhome shipments improved by six percent to 43,539 units.

Seasonally adjusted shipments climbed to an annualized rate of more than 405,000 units in November, the second highest month in 2015.

hidden gem

hit by durian la...

13.88+0.16=14.04

2.88 is the support
2.95 is the resistance for now.

The post office chop dated today?

bonus issue ex date 21th

if you worry just sell. i wanna buy.

No1 stock in Bursa

2.04 support
2.06 have ppl sapu also.

now is 2.97 pre div price.

13.76 is last high.
today break

Have ppl sapu 2.04

Support 2.04

its coming.....

He expects the construction sector to remain strong next year, as there are many ongoing mega projects such as Mass Rapid Transit and Pan-Borneo Highway.

http://www.themalaysianinsider.com/business/article/mitrajaya-eye-jobs-worth-rm1-billion

http://www.theborneopost.com/2015/12/22/sarawak-stocks-to-come-under-election-theme-trading/

http://mitrajaya.com.my/careers.php

Mitrajaya open branch at sarawak last october.
their career page open position for sarawak branch.
the branch located very near to sarawak theme play company like cmsb/kkb/scable.

with added political seat ,definately ah zip throw money there to secure all the kampung minister post.

http://biz.sinchew.com.my/node/128403

（美國‧紐約23日訊）全球最大運動鞋生產商耐吉（Nike）公佈，第二季每股盈利為90美仙，收入為76.9億美元；分析員預期平均值分別為86美仙與78.1億美元。



該公司指出，由2015年12月至2016年4月的訂單量，按年升15%。消息公佈後，耐吉股價在市後時段升2%。

pocket logic first....safety logic belakang sikit

Uptrend but have selling pressure.

http://www.bloomberg.com/news/articles/2015-12-02/warren-buffett-was-right-about-the-rv-business

warrany buffet buy RV stock.
FLBHD supply plywood for RV manufacturing.
USD strong,ppl buy RV jiak hong.

1.7 huge support.

Winners from weaker ringgit
Malaysian exporters, especially furniture makers, are
benefitting from the continuing weak ringgit. At the
current rate of over RM 4.25 to the US dollar the ringgit
has weakened around 27% in the year.


This year furniture exports are already up around 20%.
Sales in June were up 18%, they were up 20% in July and
almost 15% in August compared to the same months last
year. In terms of value, June exports were worth RM 755.9
million, RM 791 million in July and RM 835.6 million in
August. The USA was the biggest export market with
January to July exports worth RM 1.34 billion.


Plywood exports have laso been big winners as sales in the
first eight months totalled RM 3.4 billion, well up on the
RM 2.9 billion for the whole of 2014.


Standard for forest management up for review
The Malaysian Criteria and Indicators for Forest
Management Certification MC&I (Natural Forest), the
standard used for forest management certification of the
natural forest under the Malaysian Timber Certification
Scheme (MTCS) since July 2012, is now due for a review.


According to the MTCS a technical document ¡®Rules on
Standard Setting Process for Development of Timber
Certification Standards¡¯, the forest management standard
is to be reviewed at least every five years.


The review of the MC&I (Natural Forest) is scheduled for
conclusion in 2017 as it is anticipated that review process
would take 22 months.


MTCC has indicated that the upcoming review of the
MC&I(Natural Forest) will consider merging and
incorporating this with the MC&I Forest Plantation.


Heart of Borneo initiative gets Federal funding
The Natural Resources and Environment Minister, Wan
Junaidi Tuanku Jaafar, has said the Malaysian Federal
Government is committed to the Heart of Borneo (HoB)
initiative and will continue to support Sabah and Sarawak
in the implementation of various projects and activities
under this initiative.


The Minister said HoB initiative is important for the
national image and will directly contribute to improved
forest management. The Federal government has
reportedly allocated about RM34.46 million for HoB
support.


New era in Sarawak/NGO relationships
The state government is enhancing collaboration with nongovernmental
organisation¡¯s that share the same agenda of
conserving the state¡¯s rich forest resources to ensure not
only systematic management and conservation but also
one that is sustainable while upholding the state¡¯s good
reputation internationally.


The chief minister also stressed the need for Sarawak to
intensify measures to ensure effective management and
conservation of forest resources as part of the global
efforts to counter global warming and degradation of the
environment.


Intensifying enforcement of forest laws and regulations to
stamp out illegal harvesting is a major objective in the
State. In this regard, the State Forestry Department has
achieved success since strengthening enforcement and
collaborating with other agencies.


Reduced import duties in S. Korea a boost to plywood
manufacturers
Plywood exports from Sarawak to South Korea increased
significantly after South Korea cut in anti-dumping duties
by more than half to 3.08% from 6.43%. One company,
Jaya Tiasa, saw an 11% rise in sales to South Korea, its
main market, over the twelve months to June this year.


The Korean Trade Commission (KTC) imposed antidumping
duties ranging from 5.12% to 38.1% on
Malaysian plywood for three years from February 2011.


Duties were placed on exports from 8 Sarawak plywood
manufacturers and one from Sabah after the Korean Wood
Panel Association argued these companies were selling
below cost and thus undermining South Korean producers
of plywood. Following a three-month review the South
Korean authorities decided to extend the duties but at a
reduced rates from the middle of last year.


Plywood export prices
Plywood traders in Sarawak reported export prices:
Floor base FB (11.5mm) US$ 570/cu.m FOB
Concrete formboard panels CP (3¡¯ x 6¡¯)
US$ 520/cu.m FOB
Coated formboard panels UCP (3¡¯ x 6¡¯) US$ 600/cu.m
FOB
Standard panels
S Korea (9mm and up) US$ 400 ¨C 410/cu.m FOB
Taiwan (9mm and up) US$ 410/cu.m FOB
Hong Kong US$ 420 FOB/cu.m

Winners from weaker ringgit
Malaysian exporters, especially furniture makers, are
benefitting from the continuing weak ringgit. At the
current rate of over RM 4.25 to the US dollar the ringgit
has weakened around 27% in the year.


This year furniture exports are already up around 20%.
Sales in June were up 18%, they were up 20% in July and
almost 15% in August compared to the same months last
year. In terms of value, June exports were worth RM 755.9
million, RM 791 million in July and RM 835.6 million in
August. The USA was the biggest export market with
January to July exports worth RM 1.34 billion.


Plywood exports have laso been big winners as sales in the
first eight months totalled RM 3.4 billion, well up on the
RM 2.9 billion for the whole of 2014.


Standard for forest management up for review
The Malaysian Criteria and Indicators for Forest
Management Certification MC&I (Natural Forest), the
standard used for forest management certification of the
natural forest under the Malaysian Timber Certification
Scheme (MTCS) since July 2012, is now due for a review.


According to the MTCS a technical document ¡®Rules on
Standard Setting Process for Development of Timber
Certification Standards¡¯, the forest management standard
is to be reviewed at least every five years.


The review of the MC&I (Natural Forest) is scheduled for
conclusion in 2017 as it is anticipated that review process
would take 22 months.


MTCC has indicated that the upcoming review of the
MC&I(Natural Forest) will consider merging and
incorporating this with the MC&I Forest Plantation.


Heart of Borneo initiative gets Federal funding
The Natural Resources and Environment Minister, Wan
Junaidi Tuanku Jaafar, has said the Malaysian Federal
Government is committed to the Heart of Borneo (HoB)
initiative and will continue to support Sabah and Sarawak
in the implementation of various projects and activities
under this initiative.


The Minister said HoB initiative is important for the
national image and will directly contribute to improved
forest management. The Federal government has
reportedly allocated about RM34.46 million for HoB
support.


New era in Sarawak/NGO relationships
The state government is enhancing collaboration with nongovernmental
organisation¡¯s that share the same agenda of
conserving the state¡¯s rich forest resources to ensure not
only systematic management and conservation but also
one that is sustainable while upholding the state¡¯s good
reputation internationally.


The chief minister also stressed the need for Sarawak to
intensify measures to ensure effective management and
conservation of forest resources as part of the global
efforts to counter global warming and degradation of the
environment.


Intensifying enforcement of forest laws and regulations to
stamp out illegal harvesting is a major objective in the
State. In this regard, the State Forestry Department has
achieved success since strengthening enforcement and
collaborating with other agencies.


Reduced import duties in S. Korea a boost to plywood
manufacturers
Plywood exports from Sarawak to South Korea increased
significantly after South Korea cut in anti-dumping duties
by more than half to 3.08% from 6.43%. One company,
Jaya Tiasa, saw an 11% rise in sales to South Korea, its
main market, over the twelve months to June this year.


The Korean Trade Commission (KTC) imposed antidumping
duties ranging from 5.12% to 38.1% on
Malaysian plywood for three years from February 2011.


Duties were placed on exports from 8 Sarawak plywood
manufacturers and one from Sabah after the Korean Wood
Panel Association argued these companies were selling
below cost and thus undermining South Korean producers
of plywood. Following a three-month review the South
Korean authorities decided to extend the duties but at a
reduced rates from the middle of last year.


Plywood export prices
Plywood traders in Sarawak reported export prices:
Floor base FB (11.5mm) US$ 570/cu.m FOB
Concrete formboard panels CP (3¡¯ x 6¡¯)
US$ 520/cu.m FOB
Coated formboard panels UCP (3¡¯ x 6¡¯) US$ 600/cu.m
FOB
Standard panels
S Korea (9mm and up) US$ 400 ¨C 410/cu.m FOB
Taiwan (9mm and up) US$ 410/cu.m FOB
Hong Kong US$ 420 FOB/cu.m

pohuat Q4 result is the strongest for last three years.
most kayu result is fanstatic

http://www.bloomberg.com/news/articles/2015-12-02/warren-buffett-was-right-about-the-rv-business


http://www.focuslumber.com.my/index.php?p=1_12_Plywood
Plywood
Our main product which contributed more than 90% of our total revenue for the past three (3) financial years.
Commonly used in various industries such as the Recreational Vehicle (‘RV’), home decorating, construction and furniture industries.

Sizeable tenderbook of RM4.1b. To date, MITRA has submitted tenderbook amounted to RM4.1b, mainly for building works (RM3.0b) and infrastructure project (RM1.1b). The project types include affordable housing project, LRT3 project (connecting Bandar Utama to Shah Alam and Klang), and infrastructure projects (SUKE, DASH and Pan Borneo Highway). While we were surprised by MITRA’s move to venture into Sarawak Pan Borneo Highway project, management guided that they have set up their first subsidiary branch in Kuching, Sarawak as an entry point to touch base with Sarawak construction projects.

http://klse.i3investor.com/blogs/kenangaresearch/85258.jsp
http://klse.i3investor.com/servlets/staticfile/271604.jsp

mitra sarawak new branch.
http://www.mitrajaya.com.my/pdf/Mitra-kuching-opening.pdf