Barring unforeseen circumstances, the Board of Directors remains confident that the Group will be profitable in the remaining period of current financial year.
Do not base your analysis on usa lumber price to determine msia tropical hard wood prices mah!.
When USA lumber price shoot up from USD 350 to USD 1500 within a few months....our tropical hardwood did not really follow this meteroic price up mah!.
Our tropical hardwood price only started to move up 30% from usd 420 to usd 550 only starting from march to june mah!
Usually out tropical hardwood trade at a premium about 10% more than USA lumber prices bcos of scarcity & hard wood strength mah!
Likewise Now within 3 mths USA lumber prices came back down from USD 1500 to USD 500...our tropical wood still holding on very well at USD 550.
If u Look at the past 5 years chart USA lumber most of the time trade at USD 300 to 550, in fact USA number at 500 is considered good price which are healthy profit for their own timber industry mah!
Coming back to msia...our hardwood lumber was hovering at USD 350 to 500 most of the time for the past 5 years only recently we get usd 550 to 600, thus the current tropical timber price for tropical hard wood at USD 550 is sustainable & will give reasonable good profit for msia timber company mah!
Just forget about USD 1,500 lumber price lah, in msia the tropical timber never enjoyed this kind of prices mah!
We should be happy that our tropical hard wood timber had appreciated 30% for the past 3 mths loh!
@soon9913 FLBHD had been making consistent profits even with lower lumber prices in 2012-2018, not to say current lumber price is higher than previously.
NTA worth 1.62 Retained earnings : RM107 million Cash and bank balances: RM43 million Other current financial assets:RM42 million Net cash company with zero borrowing TP1.50
Prospects for the remaining period of current financial year: The increasing the market price of wood procucts since the end of last year helped the Group in returning to profitibility.As of the date of report,the average price of the pending sales orders of the Group is still very high.In additions,weakening of Ringgit Malaysia due to worsening COVID-19 situation and also political instability in Malaysia had indirectly benifited the Group as most our sales are denominated in US dollar.Barring unforeseen circumstances,the Board of Directors remains confident that the Group will be profitable in the remaining period of current financial year
FLB next 3years ' jia yee chee' liao. FLB will ride on America Trilliion dollars infrastructure project. With low share base, good profit coming, bonus and good dividend will follow. FLB will fly to the next year onward. It coming.
2Q profits was very good. Anybody have an idea on what 3Q profits would be ? Longer periods of lockdown during the 3Q.. But with such a strong balance sheet, i feel it should do well at least over the mid/long term.. Just my views..
Cash pile increasing.... Hidden collector......52 week high 1.22...might be tested.. @ the end of the month......just my 2c prediction. Dont play contra....
We manage to record a profit during the quarter when we are hit with a cluster of Covid-19 outbreak and the area where our factory located was placed under the EMCO which affect our business and production for slightly more than a month.
Without shortage of logs supply, our production volume will increase which will further reduce our production cost per cubic metre and improve our sales margin
No supply shortage Again.........Huatttttttt Ahhhhh
Quote :- "The vaccination rate at Sabah continues improving and we are currently in the Phase 4 of the National Recovery Plan. Besides, we had obtained approval from the relevant authorities to run our factory at 24 hours since the end of October. Without shortage of logs supply, our production volume will increase which will further reduce our production cost per cubic metre and improve our sales margin. As to manpower issue, we believe the government will allow more sectors bringing in new foreign workers after greenlight had been given for plantation sector recently. Based on the progress of vaccination in Malaysia, we believe the worst for the Group is over. Therefore, the Board of Directors is confident that the Group will be profitable in the remaining period of current financial year."
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....
samchong6891
140 posts
Posted by samchong6891 > 2021-07-02 22:03 | Report Abuse
Anybody attend agm before? Can share some info?