Usdmyr strenthen at fourth quarter, high plywood price in this quarter and delay shipment for second and third quarter will record in this fourth quarter. I own largest portion shares of flbhd. Let wait for the result release. Good luck guys.
Notice the change in tone of management on prospect of the company?
Current QR Report: We anticipate that US dollar will maintain its strong momentum and improving the profit margin of our products. Besides, our capital investment program which focuses on producing different types and sizes of plywood, catering the needs from US market will also improve our profit margin through better selling price. Based on current market condition, the Board is confident that its performance in 2017 is sustainable.
Precious QR Report. The impact of revision of minimum wages started since 1 July 2016 is insignificant to the production cost per cubic metre when the production team is able to maintain the monthly production volume at certain level. However, the operating environment of the Group remains very challenging in near future given the current state of global economy. Management is currently in the midst of finalising a deal to acquire new machinery producing plywood with different sizes and specification which our current production facility is unable to perform. Management aims to increase the sales volume to US market with the production of these sizes of plywood.
My analysis : so long as USD:RM maintain above 4.30 throughout 2017, FL will easily recording net profit of exceeding RM30m or EPS of more than 30 sen in FY2017, with the assumption that revenue remain the same as FY2016. What happen if there is a growth of 10% in revenue ?
I think final dividend will be around 3-4 sen..satisfied will the result Q4 profit margin already back to 12.94% , if USD maintain at 4.XX FY2017 will be a good year for FLBHD and all of here.
Excellent results for the final Q and future prospects are bright and the management is optimistic! Couldn't ask for more !!! Just sit back and relax and let the management do the job! :)
Good consistent n stable financial result. Diluted EPS growth of average 11%, at present price still consider reasonable to buy at 9 times earnings. PEG still below 1. Outperform!!!
If USD maintain 4.4X for 2017, whole year EPS will be around 30cent. With PE 8, the share price should be around 2.40. Net cash position, zero debt, high dividend company with PE 8, I think is reasonable. And today is trading at 1.68.
ii heard this quarter up because flbhd got delay shipment last quarter so this quarter including last quarter revenue..so is under expectation result..
red 85 sifu, you really sifu, with the sluggish plywood price and high material price, FLB results still under expectation arr? Which company can do better?give me tipsy please
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tksw
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Posted by tksw > 2017-02-21 11:43 | Report Abuse
hohoho 167 liao, want die liao