Posted by balvin71 > 2022-05-10 17:01 | Report Abuse

Tried to pick up 1.39 this afternoon, not successful. See tomorrow.

Posted by s3phiroth > 2022-05-10 18:01 | Report Abuse

Many of those who bought upon breakout at 1.62 are panic and cutting losses since yesterday.

i am happy to collect back my shares at much much lower price now.

Posted by sherlockman > 2022-05-12 10:48 | Report Abuse

RM1.40 support still intact. Look for a move back to RM1.60 at month end

Posted by balvin71 > 2022-05-12 15:14 | Report Abuse

Picked up a bit at 1.39.

Posted by sherlockman > 2022-05-12 15:49 | Report Abuse

picked up more rm1.39 too

Posted by balvin71 > 2022-05-12 22:39 | Report Abuse

Yes, USD up, lumber price strong. I will keep collecting.

Posted by gemfinder > 2022-05-12 22:45 |

Post removed.Why?

Posted by balvin71 > 2022-05-13 08:16 | Report Abuse

Alamak, you have a very good point, I went in too early. However, based on FLBHD profitability comparing with lumber prices, lumber prices need to drop by more than half from current level to effect FLBHD profitability/dividends. Last few days, I believe is more general panic selling in reaction to interest rate hike.

Posted by balvin71 > 2022-05-13 08:21 | Report Abuse

Who knows, maybe, a bit of force selling by margin players.

Posted by s3phiroth > 2022-05-13 09:47 | Report Abuse

US plywood ppi data yesterday was still at high level...

Posted by s3phiroth > 2022-05-13 20:30 | Report Abuse

I notice that flb put a lot of spare money in money market fund. Does anyone has any idea why they do so? Wouldnt it nice if they return the money to shareholders as a special dividen?

Posted by s3phiroth > 2022-05-13 20:36 | Report Abuse

The amount of money they put in money market fund is about 45cent per shares. How nice if they return just half of it to shareholders....

Posted by yfchong > 2022-05-14 13:27 | Report Abuse

enter to FLB. guess 1.37....... no doubt FLN is not at 500 Mil Cap not interested by many folks, just imagine their net cast value per share.., Like that lor.. Important is RV drive

Posted by balvin71 > 2022-05-18 08:47 | Report Abuse

Yes, I have held FLBHD shares for many years. Am hoping this financial year will have same amount of dividend as in 2018 of RM0.16 per share, hopefully better. That time lumber averaged at abouts $500~$600. Quarter 1 2022, should record best profit ever and next quarter maybe 3rd best after 2021 Quarter 4. Last few days lumber has come down. But still high compared to historical levels.

Posted by sherlockman > 2022-05-20 14:34 | Report Abuse

looking good for RM1.60

Posted by ipohwhitecoffee > 2022-05-20 15:03 | Report Abuse

QR on the way. Hold hold keep holding

Posted by Fabien _the efficient capital allocator > 2022-05-20 17:47 | Report Abuse

Based on the North America lumber market outlook report, housing starts, which is a primary driver of lumber demand and selling price is expected to continue growing in year 2022. Thus, we expect that market price for wood products is sustainable in current year based on the US consumption of lumber as well as continued supply-side constraints due to its logistic issue and also Russia-Ukraine conflict.
However, costs of raw material and other components are increasing in current year due to increased oil price.
Besides, revision of minimum wage effective from 1 May 2022 would increase our production costs by approximately 4%. The impact of the increasing production cost can be minimised if we are able to increase our production volume through the employment of more workers. However, the current selling price of plywood,
without taking into consideration of the recent strengthening of US dollar, is able to absorb the increase of the production costs. Based on the current operating environment, the Board of Directors is confident that the Group will achieve a new height in year 2022.

Posted by Musangkingfarmer > 2022-05-20 18:57 | Report Abuse

If without the logistic issues, the profit and revenue will be much higher. Because there was no available bulk carrier delivering the plywood to US in February and March 2022 while availability of container shipping was limited as well.

Posted by yfchong > 2022-05-20 19:09 | Report Abuse

Wow 3 cts

Posted by gemfinder > 2022-05-20 19:43 | Report Abuse

Poor result. Qoq drop.

Posted by Fabien _the efficient capital allocator > 2022-05-20 21:01 | Report Abuse

Q1 FCF is 26mil or 26sen per share. 3 sen divvy is a tiny piece. Cash balances a whopping 106mil vs MC of 151mil. Very hard for this company to go bankrupt

Posted by captainjeremysparrow > 2022-05-20 21:12 | Report Abuse

https://focuslumber.com.my/wp-content/uploads/2022/05/FLB-Q1-2022-result-briefing.pdf
Very good overview.. good prospect!

Posted by captainjeremysparrow > 2022-05-20 21:15 | Report Abuse

DIVIDENDS
 Interim dividend – 3.00 sen per share (1Q 2021: NIL)
 Equals to pay out ratio of 40% (EPS of 7.43 sen)
 Ex date – 30.06.2022
 Payment date – 15.07.2022

Wow. if continue to give dividends with 40% pay-out ratio, sure super hoseh. Can achieve 10-15 cents dividends per year!!

Posted by s3phiroth > 2022-05-20 23:24 | Report Abuse

I wish they reduce the investment in money market fund and give us a special dividen. Afterall, the return of money market fund is very low although it has very low risk. IMO it is better return these money to shareholders.

Posted by yfchong > 2022-05-21 02:15 | Report Abuse

Congratulations to all who catch below 1.40...... 3 tiers of cheese cake flank...

Posted by 7822hg > 2022-05-21 19:32 | Report Abuse

请问一下AGM有提到订单来不及做吗？

Posted by Fabien _the efficient capital allocator > 2022-05-21 20:06 | Report Abuse

2015 was their record year. PAT 31.7mil. EPS 30sen and DPS 15sen (about 50% payout)

If they can maintain and do a bit better, hopefully can achieve 30sen earnings per share again matching their previous high

Posted by yfchong > 2022-05-22 09:35 | Report Abuse

Yes, with good footing from RV, can close 30 mil will be awesome.. cheers guys

Posted by 7822hg > 2022-05-23 01:08 | Report Abuse

FLBHD 还有 17000m3 sales 没进帐
17000m3 * 700 usd = 11900000 usd * 4.3 = RM 51170000 sales
If gross profit is 32% = RM 16374400

Posted by 7822hg > 2022-05-23 01:12 | Report Abuse

May big rocket next incoming QR I keep for long term investment 收3 sen 股息耐心等待公司业绩大反转

Posted by 7822hg > 2022-05-23 01:18 | Report Abuse

Forecast next QR EPS IS 10 sen and above
Net cash is around 99 sen now
Good company

Posted by 7822hg > 2022-05-23 15:06 | Report Abuse

Pai seh 己进帐了上一个comment 的没进帐的不正确

Posted by s3phiroth > 2022-05-23 15:30 | Report Abuse

how did u get the number 17000m3 ?

Posted by yfchong > 2022-06-04 20:18 | Report Abuse

Another quarter to move on

Posted by yfchong > 2022-06-05 09:47 | Report Abuse

Rm cash backing. Would not run out of fuel.

Posted by balvin71 > 2022-06-06 09:16 | Report Abuse

https://www.thestar.com.my/business/business-news/2022/06/06/plywood-makers-see-strong-demand

Posted by sherlockman > 2022-06-14 01:43 | Report Abuse

Company did some share buy back today at RM1.28 and RM1.29. A bit worried as the RM1.40 support has broken

Posted by yfchong > 2022-06-22 21:38 | Report Abuse

habis lah, let see after dividend below RM1.00 can catch boh

Posted by Fabien _the efficient capital allocator > 2022-06-23 17:48 | Report Abuse

Currently, FLB has pending orders (until 3Q) with locked in plywood prices hovering near record high. Going into 2QFY22, we believe FLB will likely post stronger QoQ earnings on the back of (i) sustaining or slightly stronger GP margin; (ii) delayed revenue recognition from 1QFY22, and (iii) higher plywood realized price amid rising geopolitical tension.

Posted by Fabien _the efficient capital allocator > 2022-06-23 17:50 | Report Abuse

We raise FLB’s FV to RM 2.26 (from RM1.98), ascribing a 8.6x P/E (5Y average) on FY23 EPS of 26.6 sen as we roll over our valuation base year to FY23. We like FLB given its favourable product mix with primary exposure to the US RV market (c.50% of US sales) that commands a higher ASP. The strong USD will also benefit FLB as >95% of its sales are denominated in USD while >80% of the cost is in ringgit.

Posted by captainjeremysparrow > 2022-06-23 21:53 | Report Abuse

wow, hoseh lo.. can continue to collect more.

Posted by S_ken > 2022-06-27 08:36 | Report Abuse

dividen in 2 days 3sens

Posted by yfchong > 2022-07-03 08:32 | Report Abuse

Below 1.2 can consider

Posted by sherlockman > 2022-07-03 13:40 | Report Abuse

I am still a believer in this company....still up year to date after collecting the dividends

Posted by balvin71 > 2022-07-03 19:00 | Report Abuse

I am still collecting after getting gaji. Good dividends, better than putting money in the back.

Posted by sherlockman > 2022-07-04 12:09 | Report Abuse

balvin71....Yes I will buy more if if drops below RM1.20 but will hold whatever I have for now

Posted by yfchong > 2022-07-07 20:56 | Report Abuse

1.2 is a conservative point just wait

Posted by balvin71 > 2022-07-11 12:36 | Report Abuse

Total share buy back to date 8.36%. Once reach 10%, possibility to get share dividend of 1 bonus share for every 10. I feel the stock is undervalued due to overall market sentiment. I will keep collecting, tak kisah the price.

Posted by sherlockman > 2022-07-13 16:02 | Report Abuse

Hi Balvin, yes I totally agree with you. Share buy backs are quite aggressive at this current level

Posted by yfchong > 2022-07-23 07:41 | Report Abuse

Agree with you Balvin n sherlockman