The news is good to hevea and evergreen. The purpose of ban export for rubber wood is to address raw material shortage issue. If this policy helps to resolve this issue, hevea will be beneficial with the adequate raw material supply + lower raw material price (as supply increase, price lower)
Q2 report card is beautiful. Next month no more rubberwood export to oversea manufacturer. That means more buyer will buy from local board maker. So Q3 results should be good also.
This company can rerate to RM3 even I think if their long-term profits are sustainable, and even if not, it should rerate to at least RM2. The rubberwood thing might be a positive catalyst.
Yesterday, Hevea was volume leader. Today, Hevea recorded the highest transaction values. Officially the highest market cap 711m. We're on our way to break the RM 1 billion mark! Stay tune!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kayne285
72 posts
Posted by kayne285 > 2017-06-29 16:34 | Report Abuse
I think no show liao... started to go back to normal