Because people not stupid, that is a one off gain. Operating still loss.
====================================================================== Posted by ivan9511 > Jun 10, 2018 07:36 PM | Report Abuse
And @ Calvin can you explain why wtk get net profit this qr but share prices drop instead of limit uppp. I remember when wtk qr came up you shout very good results .
He said the move would not halt logging activities completely as the timber could be sold domestically and at a lower profit margin, but would greatly benefit downstreaming activities that would boost the local economy and provide more job opportunities for youths.
Kota Kinabalu MP Chan Foong Hin also said that the move was a step in the right direction to stop the outflow of raw materials that could provide more opportunities for downstream timber processing.
hi , I agreed you said , I just feel still got many seller now , and need good news or something to push up.
maybe give more dividend haha,
is OK all the best for those who have la hope we all win money thanks
mkmk Ivan9511, the cash per share is there... dont think it will drop further unless flb recorded a loss next announcement... mkmk Ivan9511, the cash per share is there... dont think it will drop further unless flb recorded a loss next announcement...
Any good news ? ? I only know $$ cash rich, high dividend paid and no borrowing company. Overall this is a good price to enter to enjoy good return of dividend.
@LiimInvest - Read the AR, they have a very good internal analysis on it. Previously they were faring badly due to log supply issues which affected up to 50% of the production capacity, with the banning of Sabah timber export, this should improve the log supply issues. Since 60% of the revenue comes from US, the recent strengthening of USD should improve the profits as long as no disruption.
Agree with qqq3, positive effects of log ban will only be seen in 2nd half. I had averaged down my price & added at 1.01, afrer log ban was announced.. Hoping to go up to 1.76.
That's why I said it is a surprise result. Looking back at external factor in Q2 (up until June), like supply issue, usd/myr exchange rate, there isn't any clear indication that turnaround will happen in Q2. Probably due to super good demand and selling price. 2nd half of the year will be interesting as external factor now turn favorable.
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Posted by Jon Choivo > 2018-06-10 19:41 | Report Abuse
Because people not stupid, that is a one off gain. Operating still loss.
======================================================================
Posted by ivan9511 > Jun 10, 2018 07:36 PM | Report Abuse
And @ Calvin can you explain why wtk get net profit this qr but share prices drop instead of limit uppp.
I remember when wtk qr came up you shout very good results .