Subject : Dealings Outside Closed Period 1. Details of Dealings Outside Closed Period Salutation : MR Name : LIN HAO YU Designation : Director Description of 'Others' Designation : Type of Transaction : Acquired Date of Transaction : 29/11/2021 Description of Securities : Ordinary Share No of Securities Transacted : 193,600 % of Securities Transacted : 0.196 Consideration : Malaysian Ringgit (MYR) 195,536.000
3) NET CASH COMPANY FLB has a very healthy net cash position of RM88.7 million or RM0.83 per share with no bank borrowings. That is impressive gven that the market capitalisation of the company is only at RM149 million!
Agree with sherlockman.. This is a hidden gem. High lumber prices will remain elevated throughout the next. few years at least. Factory is churning 24 x7 according to management since mco ended. The next qr out in Feb is going to be bombastic.
" Chicago lumber futures traded near to $1,200 per thousand board feet, amid supply disruptions and a hot housing market. From the demand side, construction companies are hoarding material to avoid shortages. Also, unseasonably warm temperatures are allowing homebuilders to keep their activity fueling the demand for lumber. Meanwhile, supply disruptions remain amid record rainfall in Canada during November and labor shortages in the US. In Canada, floods have affected the transportation system, delaying or making it impossible to ship lumber to the US. In the United States, sawmills faced a labor shortage as workers are unwilling to work in such dangerous conditions at low wages." From trading economics. For comparison sake, lumber was trading at $500 per thousand board feet in September 2021.
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....
yfchong
5,869 posts
Posted by yfchong > 2021-11-22 11:12 | Report Abuse
Long time no see sir dompeilee.