@integrity. you are right :)

the interest rate hike coming. which will result ylt power debt to be higher. that would not affect profitabilites?

Dave92 thank you for selling :)

Ahyo Tualp what happend to see u guys at RM0.90? What happened?

Posted by tualp > Jun 3, 2020 6:07 PM | Report Abuse

habis, look at the selling volume....sayonara.... see you guys at 0.90

@Tualp i am so glad u are here in this forum asking ppl to sell :) thank you

the recent by election lose because............ local working outstation did not return to work ah?

Cybershot
I doubt so.

Since the product cannot sell should reduce inventory? but inventory is alarmly high

I cannot understand why they need to keep such a high inventory! I hope the inventory not rotten or spoil.

By Hong Leong writeup, excerpt;
"In 2019, low particleboard ASPs from oversupply in the region and high raw material price resulted in an abysmal year for particleboard makers. However, amongst furniture makers, weak ringgit fuelled profitability of furniture exporters. With unfavourable macro factors for particleboard makers that plagued the industry in 2019 (low ASPs, high rubberwood prices, rising glue price) to continue into 2020. Due to this, we downgrade our rating from Neutral to UNDERWEIGHT as we do not see these issues changing in the near term. Despite this, we expect weak ringgit to continue to fuel Lii Hen’s already robust sales growth."
"Another trying year for board makers. Overcapacity of particleboards in the region is a continued plague for particleboard makers. We believe selling prices of engineered wood products will continue to remain depressed in 2020 given the oversupply in neighbouring countries, particularly Thailand. Furthermore, chronically high rubberwood prices in Malaysia, Indonesia and Indonesia in addition to rising glue prices (in line with higher crude oil prices) is expected to continue to put pressure on particleboard makers. Evergreen Fibreboard (SELL; TP RM0.22)."

Guys who is customer A & B? just these 2 customers accounts for about 80% of FPI total revenue!
Thank you

@gary5243 Thank you for your informations

@ PaulNewman,"The fundamentals are written on the wall. A growing contract manufacturer for Sony, Bose and Roland trading at 6x PE ex-cash. I have seen companies like this being overlooked by the market time and time again. They all have seen the same ending, which is up."

Where can you find FPI OEM for Sony, Bose and Roland. I am guessing Casio digital piano are OEM by FPI, as I just bought one for my kids! looks excately the same as on their website

@zzzzz : Yeah the Esso is crazy. and their Directors salaries also very high RM24M!

" Credit Suisse AG Dublin branch has the right to rehypothecate the shares belonging to its clients' holdings." is a nominee account? Not CS buying.

Lee_m2020 @ PCCS got Megalabel a competitor for labeling company

sorry, haha nominees account for FongSiLing. missed the last bit :)