stockmanmy taan affecting FLHB Today's RHB research downgraded TAANN to Sell. In the report, it says it expects plywood price and log to fall. Besides, TAANN also faces competition from Solomon Islands which sells cheaper logs to its main importer, India. However, until May, Lumber and Africa/ Southeast Asia Plywood price is still increasing, plus TAANN is producing quality logs which aim for higher price. Today might be EPF selling + people dispose due to downgrade by RHB + panic selling. Tomorrow is AGM, hope got good news which support the price. Just my 2 cents.
reality is reality .. cash rich or not u cannot overrate a small cap , further more with temperamental major share holder like KYY , good luck getting trap by chasing height , TP 3? hmmm
ppl re on flbhd averaging 1.8-2.2 selling out at good profit... great for ppl chasing height... goin no where for the moment with all da additional negative sentiments
referring to graph - set for 1 year's historical data, and specifically checking the price trend from Jan - March 2016, we can see the price of timber is lagging behind plywood:
Even if plywood prices drop it isn't a big issue when timber logs price has fallen as well. Currently, plywood manufacture actually benefit from cheaper timber log prices..
R u sure flbh's selling price is determined by commodity price? As i know flbh's market is recretional vehicle wood furnishing. It's product is condidered premium item but not ordinary plywood.
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....
RosmahMansur
2,870 posts
Posted by RosmahMansur > 2016-05-18 13:20 | Report Abuse
AGM is Friday 20th, not tomorrow.