Posted by sense maker > 2014-02-28 09:52 | Report Abuse

A greater set of results than the previous one. EPS for the next 2 quarters should soften a bit. Shareholders should aim for 55 to 60sen EPS a year in the next 3 years. I have previously given it a target price of RM2.40 to RM3 which has been reached. I have raised it to RM3.50. Congrat, everyone.

Posted by sense maker > 2014-02-28 10:02 | Report Abuse

The reason for the lowish PE (about 6 for RM3.50) is because of the lowish dividend and country risk of Vietnam. Once dividend improves, TP would improve too.

Posted by buffet88 > 2014-03-10 23:41 | Report Abuse

Though they make good profits, they also have high bank borrowings. Furthermore, the amount owing to creditors are higher than amount owed by debtors.

Posted by Ben Gan > 2014-04-28 16:44 | Report Abuse

As at 31.12.13, it has cash amounting to RM154.17 million and borrowings of RM106.57; Current Ratio=1.593 &
NTA = RM2.78. Financially speaking, this is okay. The only concern is whether its earnings can be sustained after its latest two quarters of excellent showing. I am giving it the benefit of doubt. I think the stock is under-valued at the present price of around RM2.70 per share.

Posted by Ben Gan > 2014-04-28 19:04 | Report Abuse

The Group has made great advances to position itself as one of the largest rubber-wood furniture manufacturers and exporters in Malaysia and Vietnam. Approximately 99% of the Group's products are exported overseas to the United States of America, Canada, Europe, South Africa, Australia and the Middle East countries.