My bullshits won't work. Liihen quarter report worked for me.
Although profit of the company of second quarter slumped down, the revenue is still growing. This proves that the demand of furniture in US is encouraging. With stronger USD/MYR prospect, better quarter results in the following months is expected.
Pohuat last quarter report showed me that direct labour cost wasn't a concern for this company. The main reason why the profit of the company is not encouraging is stronger ringgit against dollar and rise of raw material cost. However, 今时唔同往日, price of rubberwood started to get normalise due to rubberwood export ban and USD is getting stronger and stronger.
I see this as an oppurtunity to top up since the price is getting cheaper.
Share investment is about future earnings.Ringgit is even weaker in the next few months.Furthermore US FURNITURE RETAILERS WILL ORDER MORE FURNITURE FROM MALAYSIA INSTEAD OF CHINA BECAUSE OF THE UNCERTAINTY OF THE TRADE WAR.Orders must be made few months in advance.
IF YOU ARE THE CEO OF AN US FURNITURE RETAILER , YOU HAVE TWO OPTIONS.
1 BUY FROM CHINA AND MAY FACE THE RISK OF THE 25 % TARIFF.
2 BUY FROM MALAYSIA AND NO TARIFF RISK.
THE CHOICE IS OBVIOUS.
MALAYSIA FURNITURE MANUFACTURERS WILL BE VERY BUSY IN THE FOLLOWING QUARTERS AND THEY CAN DO THAT BY RAISING THE PRICE.
i only can say good counters also need operator to goreng else it is just like a dead counter...if only depends on ikan bilis to goreng then it may just up 1 to 2 days as not sustainable
Now it is about flight to safety as there could be correction coming..... anyway wood stock will rise again depending on traps set up by promoters. I used to call them syndicates. Right you just internet to spread news. Last time only SMS, that's why you need a group of human (syndicate).
THERE IS NOT MUCH PRICE MOVEMENT. HAVE TO WAIT UNTIL THE NEXT FINANCIAL REPORTS (Q3 2018). THE PRICE SHOULD SHOT UP IF THE EPS IS HIGH OTHERWISE IT SHARE PRICE WILL BE STAGNANT.
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....
vegetablebird
13 posts
Posted by vegetablebird > 2018-08-23 22:53 | Report Abuse
My bullshits won't work. Liihen quarter report worked for me.
Although profit of the company of second quarter slumped down, the revenue is still growing. This proves that the demand of furniture in US is encouraging. With stronger USD/MYR prospect, better quarter results in the following months is expected.
Pohuat last quarter report showed me that direct labour cost wasn't a concern for this company. The main reason why the profit of the company is not encouraging is stronger ringgit against dollar and rise of raw material cost. However, 今时唔同往日, price of rubberwood started to get normalise due to rubberwood export ban and USD is getting stronger and stronger.
I see this as an oppurtunity to top up since the price is getting cheaper.