According to news above, the higher plywood price is caused by lower production resulted from unfavourable weather. This means the output is low, hence lower output x higher selling price does not necessarily equal to higher earning. The same thing happened when El Nino hit palm oil industry, CPO price up and output down, resulting, earning of plantation companies actually dropped during that period. I am not saying same thing would happen to plywood manufacturers this time around, but just don't be over-optimistic.
Forget about Plywood stock. How much upside left? Now, it's time switch to this stock... Upside is more than 5-fold and I bet this stock will resume its rally tomorrow!
As per news above in November 2016, the management was expected to deliver RM80mil net profit in year 2017, but how much it delivered ? It is far different from the target! They talked too big.. Could you clarify with deep throat ?
What happened to this I con you stock recommendation? All got conned & stuck?
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Jon Choivo
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Posted by Jon Choivo > 2018-01-22 18:36 | Report Abuse
Wouldn't FLBHD be a better idea? They raised their plywood production from 66mt to 77mt in 2016, should have raised further in 2017.
Depressed price, low ROIC and EV/FCF etc etc.