KLSE (MYR): DPS (7198)
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Last Price
0.52
Today's Change
-0.01 (1.89%)
Day's Change
0.52 - 0.525
Trading Volume
674,300
2024-11-18
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JJchan
7,182 posts
Posted by JJchan > 2021-01-09 11:15 | Report Abuse
Malaysia always has Timber deficit since 10years ago. Selling Raw Timbers earns Market
price only But making Finished Products out of Raw Timber earns 6--10X more. I learned
this from exporting Rubber Wood to Taiwan.
Now all SNC Raw Timber will go to Len Cheong Industries( sdn bhd ) Here are Kiln Drying and
furniture parts are manufactured----So What part DPS gets??? Selling Furniture / Exporting
at reduced Cost or better profit margin and most important----much higher Volume bcos
without Wood, you cannot take Export Order. DPS will match Poh Huat export orders in 9-12
months if enough Raw Timbers arrived.
China furniture Biz is now Capped by 25% US tariff and many are moving to Vietnam and
ASEAN region. I was told to expect Nothing better in Joe Biden Administration for next 2 yrs.
As far as i am concern, Malaysia furniture Export will continue to grow