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2016-05-19 17:49 | Report Abuse
16 Review of Performance
For the first quarter of 2016, a revenue of RM218.53 million was achieved compared to RM222.15
million of the corresponding quarter in 2015. Profit before tax and net profit for the quarter were RM17.61
million and RM11.96 million, compared to RM33.68 million and RM24.94 million of the corresponding
quarter in 2015 respectively.
The lower revenue and profit were mainly attributed to:
Decreased plywood sales volume by 13% and export logs by 33%; and
Lower export logs average selling price by 6%.
17 Variation of Results as compared to the Preceding Quarter
Revenue and net profit in the quarter under review were RM218.53 million and RM11.96 million
compared to RM270.34 million and RM63.19 million respectively of the preceding quarter.
Main factors contributing to the performance were:
A decrease in sales volume of export logs (by 5%) and plywood (by 7 %) as well as oil palm fresh
fruit bunches (‘FFB’) (by 29%) and crude palm oil (‘CPO’) (by 32%); and
Lower average selling price of export logs (by 10%) and plywood products (by 11%).
18 Current Year Prospects
Demand for logs is expected to remain stable. Higher log production is anticipated with the improving
weather condition in the second quarter. Plywood demand in Japan is still slow but prices are believed to
have hit the bottom. Given the low plywood inventory in Japan, the commencement of the new financial
year and a stronger Yen, plywood purchase to replenish the stock should be in the pipeline. Coupled with
the infrastructure construction works for the coming Olympics, plywood demand is expected to increase.
For the palm oil sector, FFB production starts to increase in April and is anticipated to continue increasing
with the approaching peak crop season. The better CPO price, compared to 2015, and the projected rising
trend of CPO price, will raise the contribution of the palm oil sector to the group revenue and profit in the
second quarter.
Barring unforeseen circumstances, the Board of Directors expects a better second quarter performance
than the first quarter.
2016-05-19 17:46 | Report Abuse
Only earned 3.39 cents
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5096817
2016-05-19 15:38 | Report Abuse
See how it climbed up to above RM 5.50 a few months ago.
2016-05-19 13:29 | Report Abuse
Yes, it should record higher profit when compared to Q1 2015. I am expecting bonus issue first and then 10 cents div after bonus issue which is equivalent to 12 cents div before bonus issue.
2016-05-19 12:42 | Report Abuse
Support between 3.65 - 4.00 according to Nanyang.
2016-05-17 15:27 | Report Abuse
You see CMSB, Redz1. Worse performance. Why put confident in that kind of share, overprice, due to jacked up by syndicates. Q Result proves it is not good but you wanted us to sell Ambank and buy it. Dreaming!
2016-05-17 15:11 | Report Abuse
Investors only want to make money. Whatever issues such as 1MDB, MSSI, Oil etc. They will capitalise for all issues.
2016-05-17 15:09 | Report Abuse
Buns is wise to know the fact Malaysia offers better investment return for them that is from US, Europeans, Japans etc.. If they don't sell, retail investors will not follow them to sell. Only when they do it, then they can buy back at very cheap price. Remember, 95% of retail investors lose money in equities.
2016-05-10 17:09 | Report Abuse
Usuallah. They have too many shares. Check Media as well. They had sold at even 1.20 a few months ago. I think EPF is desperate for cash to buy right issues of MBSB. No choice for them as a biggest major shareholders, I guess.
2016-05-06 16:31 | Report Abuse
Good try, ICON8888.
2016-05-06 11:49 | Report Abuse
Right issues may be. Need you to invest for the expansion.
2016-05-06 11:42 | Report Abuse
i have just lodged a complaint to Bursa regarding the late (delay) of disposal announcement for this case and many cases.
2016-05-06 10:30 | Report Abuse
Wrong info. Actually, ringgit opened higher against US dollar this morning. This author has a motive behind.
2016-05-05 15:31 | Report Abuse
Expansion cost a lot of money.
2016-05-05 09:22 | Report Abuse
Wish anyone starts with their good deeds will continue the same no matter how people critic or look at it. Don't give up.
2016-05-04 16:16 | Report Abuse
Selling again:
Bioalpha sees 3.9% of its shares traded off-market
TheEdgeTue, May 03, 2016
KUALA LUMPUR (May 3): Integrated health supplements manufacturer Bioalpha Holdings Bhd saw 3.9% of its shares traded off market today, for a total value of RM6.38 million.
According to Bloomberg data, the transaction prices were between 32.5 sen to 35 sen per share, represents discount of between 2.78% and 9.7% to its closing price of 36 sen.
http://www.klsescreener.com/v2/news/view/60989
2016-04-29 10:50 | Report Abuse
Not in the announcement about bonus issue. Not true at all. Only annual report 2015 and notice of meeting. Check for your self here. Don't simply trust others.
2016-04-28 15:11 | Report Abuse
I don't have problem. All doc from Malakoff arrived to my post box.
2016-04-27 16:35 | Report Abuse
The recent selling price of director is RM0.34. Thus it is worth only that price so far.
2016-04-27 12:46 | Report Abuse
Just lodge a complain on behalf. But whether they will act is another matter.
12:43 PM (0 minutes ago)
to aduan@bursamalaysia.com
Complaint: Globetronic Share price dropped drastically 1 Day before its quarter result was released yesterday
We the shareholders from i3investor forum (pls view the forum of Gtronic:
http://klse.i3investor.com/servlets/stk/7022.jsp
would like you to investigate on how the insiders of our Company leaked the information and caused the share price dropped about 80 cents in 1 day (25/4/2016) and take stern action against those involve including the fund managers. Tq.
2016-04-26 17:12 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5068777
Amanah Keeps buying:
2016-04-26 10:54 | Report Abuse
Recently, directors just wanted to sell shares, one it RM 0.44, the other at RM 0.34. I have no choice but follow to sell at RM 0.375.
2016-04-26 10:17 | Report Abuse
Big shareholders such as EPF is selling, I guess.
2016-04-22 17:15 | Report Abuse
2016-04-22 10:28 | Report Abuse
Yes. That means Maybank is worth RM8.35.
2016-04-22 09:37 | Report Abuse
As such a growth company that is generous to share their profits with investors is my top pick.
2016-04-22 09:36 | Report Abuse
Dividend stock is realistic for investors. Those growth stock yo can see EPS keep growing but never enjoy the benefit much, cannot touch. Chinese saying: A bird in hand is better that 2 birds in tree.
2016-04-22 08:50 | Report Abuse
Palm oil firms have slammed Indonesia's move to prohibit the use of new land to boost production, saying President Joko Widodo's latest effort to tackle forest fires could slash jobs and cripple output in the world's top producer of the commodity.
http://www.thestar.com.my/business/business-news/2016/04/22/palm-oil-industry-fumes-as-indonesia-gets-tough-on-forest-fires/
2016-04-21 15:07 | Report Abuse
Right. At the end, the mother is the one earn a lot from son's good business.
2016-04-20 10:54 | Report Abuse
LCChong is caught at higher price. Now it is lower.
Stock: [TAANN]: TA ANN HOLDINGS BHD
2016-05-20 09:28 | Report Abuse
OK.