timber will be more expensive. since timber used in manufacturing furniture, unless FLB can pass on the increased cost to customer, it will hurt their bottom line too
Focus lumber is in Sabah. This may mean that Focus Lumber timber prices will be cheaper than the Sarawak companies. Customers of Sarawak companies may move to Sabah companies
good point there @speakup. very soon all our furniture prices in West Malaysia will go up becoz of this hike. no company in Sarawak is going to absorb this tax .... reality!!
Zzz, last quarter have good earning due up shipment delay on last 2 quarter la.. Current QR consider very good for me already but only thing is recently the dividends given is not as generous as previous year.
To me, results is mixed. Top line (Sales) reduced because of lower volume and ASP (Average Selling Price).
Bottom line (Profit) increased due to improved production recovery rate and lower production cost. Effectively giving better margins from efficiency in production.
Concerns: Shortage of log supply and ringgit becoming stronger.
Prospects: Margins expected to be better with continuous improvement in manufacturing efficiency and new machinerary that is able to produce products that have higher selling price and better margins.
Conclusion: Profit is most important. So can still buy.
My valuation is a bit different. Going forward with better margins, this Financial Year expect the EPS to be RM0.26. The historical PE is about 8. Giving a Target Price of RM2.08.
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....
stockraider
31,556 posts
Posted by stockraider > 2017-05-10 09:52 | Report Abuse
Flb no need Rm weaknesses to grow loh....!!
Of course Rm weaken....will also benefit flb more mah...!!
With the improving economy of usa mkt.....the demand for Rv will grow even more loh....!!
Don forget...Rv is domestically produce by usa...so positive even under Trump trade protection loh...!!
FLB supply the timber flooring material of the RV loh...!!