13/2/2019 FLBHD closing price 1.86 and USD to RM 4.076 7/5/2019 FLBHD closing price 1.58 and USD to RM 4.1485. Just wait n c how many % YoY improve ><"...
Qtr 1, 2018 was really bad, where revenue was slightly less than RM30 million. I expect Qtr 1 2019 to be much better. This will improve the rolling 4 qtr results. Will show the stock is undervalued.
actually at current low valuation, flbhd doesn't really need to earn a lot to justify anything. it is not like the share price have soared to RM3 like last time.
B3. Prospects for the remaining period of current financial year The selling price of plywood had dropped significantly as compared to a year earlier due to weak global demand. However, our production cost especially the price of logs still remains at high. Operating environment becomes challenging if the demand and price of plywood remains weak. Due to weak global demand and unfavourable price trend, we reduce our production volume and labour hours since March this year. We will focus on more cost cutting measures to reduce our unit cost during this tough period. In overall, the Group’s operating environment will remain challenging in the remaining period of current financial year.
* average selling prices of plywood dropped significantly * cost cutting, challenging outlook in 2019 * unexciting prospects in short-medium term * the +ve is FLBHD has zero borrowings * another RM0.01 dividend ex 30/7 pay on 19/8
"...there were no break bulk shipment in both February and March this year which were similar to a year ago."
Management mentioned that lack of sales is due to delay which condition is similar to a year ago. Looked back at last year, Q1 was only 185k, then Q2 last year earn back all the profit at 9.6 mil. It is merely timing issue.
in statistic, thats called seasonality where the revenue of every Q1 of the year will drop. then Q2 will have strong profit. bare in mind this is a good investment stock. not suitable for short term trader.
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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....
NewbieTradingChannel
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Posted by NewbieTradingChannel > 2019-05-06 17:28 | Report Abuse
good choice Waren