Without looking at the forex gain/loss and the tax etc, the performance QoQ is excellent. It's a matter of interpretation.... what is really relevant is the top line revenues and that new machinery would be installed to boost sales..afterall, EPS is 18.59 Sen and net cash 90sen per share....dividend is better than bank fd...
Thanks to Fabien Extraordinaire for posting the above figures earlier on......
tksw sifu, 160 was not done in recent down leg....Anyway, plenty there 165.....it's VERY VERY CHEAP LOH if you still didn't get enough.... I buy everyday lor ...100 units... 100 units.... learnt from sifu you lor.... :)
kcchongnz must write an article dedicated to FOCUS LUMBER since it is one of his 5 picks for the i3investor contest 2017.. He has already covered all the other 4 individually...just hope that he is willing to write, despite what happened b4, why he picked this stock and why it is ranked no1 among his 5 picks.... :)
skliew sifu, dun have to hurry, else they press to scare you run, buying in small qty drag over the time, time is of essence to them. got to pay interest one... kakaka
There should have catalyst, change of dividend policy at least or some expansions, new products, stuff like that..other than that, difficult to pull in investors. But i still believe with index moving up, it should move up to, slow and steady.
Don't worry, didn't the management say that they are installing new machinery to manufacture plywood of different sizes and thickness to meet the demands of the market? So there would be expansion and new products, isn't it?
When price in USD term is low, demand from US especially would be high... and the company has the capacity as the plant is not running at full capacity....
In RM term, the plywood has not come off much and is near historical high..now it is rm21.17 per sheet for 3ply 91cmx182cmx4mm as of Jan 2017 compare to rm23.54 Sept 2006. In the 1st half 2015 price for the same plywood wad around rm16.50 and for the 2nd half of 2015, it shot up to rm18 in Aug and then Rm19.50+/- for the rest of the month....
Now that the company hedges it's forex and so the profits would be stable...
It's good business and good price in ringgit term. Don’t you think so? If the price shoot up in USD term, wow! Huat ! Huat! Huat Lo!
Please check as below the plywood price in ringgit term...:)
UNDERVALUED is often UNDERPERFORM as well. There are so many stocks listed in Bursa that are stuck in that kind of consolidation and some even fall into DOWNTREND.
Beauty in the eyes of the beholders! If those who do not own this stock why busy trying to run down the stock and bad mouth it! Huh! Nothing better to do !!
This is financial markets not pageant or arts. Can't take the heat or criticism then better not participate in the forum. When someone has different opinions than u and speak it out & replied...that is called debate and discussions/exchange of opinions.
Useless! I've seen so many quotes. In investment, u better go for the real solid & stronger company with exceptional balance sheet. That will almost be certain & spend less of your time worshiping famously known quotes.
tksw sifu, Yeah !! Even now on RM term, it's still good business.... 2015 the plywood price is even lower in USD term... so this year should be doing very well... the plywood price has rebounded slightly and is higher than that in year 2015....
In Ringgit term , plywood price had a bull run since early 2016 and retrace a bit from Oct 2016 but still much higher than the whole of 2015 when the company had a super year! LOL!
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Posted by balvin71 > 2017-02-28 16:29 | Report Abuse
I also scared, I wait at 1.61 and nobody sell to me.