FOCUS LUMBER BERHAD
KLSE (MYR): FLBHD (5197)
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Discussions
17 people like this. Showing 50 of 10,232 comments
As you can see from its past record when it was making losses for 2 consecutive years, FLBHD stil paid dividend from 3-5 sen dividend even when it was making huge losses... This has shown that management really takes care of shareholders n really aspired to create values for Shoulders...this is a fundamental company that we should acquire and buy on weakness...assuming we get another 2 sen dividend by year end,this would translate to 6-7% dividend yield even when plywood demand is softening in the short term...Plywood mkt wil definitely pick up again soon...
2023-02-20 20:51
Really funny, price dropped more than dividend payout but still praising it...lol...revenue only 8mil, having issue to sell its products to US....HOPELESS counter, company with poor revenue, how to generate profit moving forward? Solely rely on cash pile, tunggu mati lo
2023-02-21 01:03
No worries it is just short term slowdown...US plywood demand will rebound...
2023-02-21 17:29
Looks like we have to contend with low lumber prices at least till the middle of the year. Stock price will be depressed. I have been holding this stock for years. Will continue to do so.
2023-02-26 18:14
There is no need to worry...This company has zero borrowing and share buyback exercise to create values for Shoulders ...just buy on weakness and wait for recovery
2023-02-28 23:58
Time to collect a bit more, keep and wait for market to turn around.
Qtr 1 results will not be as good as last year Qtr 1. I think have to wait for 2H 2023 to see if things turn around.
2023-03-28 09:23
I agree with Sherlockman, current price is ridiculously cheap. I am still collecting, the dividend yields will be very good in the future.
2023-05-17 14:35
1Q23
The Group reported operating loss in current quarter as compared to operating profit a year earlier. Loss before tax of the Group was RM2.05 million, versus profit of RM9.66 million recorded in the prior year period while loss after tax of the Group was RM1.22 million, compared to profit of RM7.40 million in the prior year period.
Prospects for the remaining period of current financial year
RVIA reports wholesale shipments remain low compared to 2022, though the volume is starting to rebound. Production of RV was at record high levels in the beginning of the year 2022, so volume feel even lower than what they are in relation to historical trend. However, our US customers have started placing orders although the order volume is still low as compared to a year earlier. Price of plywood had declined much compared to its peak in previous year but it seems that bottom had been found in the first quarter of the year 2023.
2023-05-19 22:23
US housing starts unexpectedly surged in May by the most since 2016 and applications to
build increased, suggesting residential construction is on track to help fuel economic growth.
Beginning home construction jumped 21.7% to a 1.63mn annualised rate, the fastest pace in
more than a year, according to government data released Tuesday (June 20). The pace
exceeded all projections in a Bloomberg survey of economists. Single-family homebuilding
rose 18.5% to an 11-month high. Applications to build, a proxy for future construction,
climbed 5.2% to an annualised rate of 1.49mn units. Permits for one-family dwellings
increased.
The increase in starts from a month earlier was the biggest since October 2016 and reflected
gains in three of four US regions. Starts of apartment buildings and other multifamily projects
jumped more than 27%. The number of homes completed increased to a 1.52mn annualised
rate. The level of one-family properties under construction was little changed at 695,000.
(Bloomberg)
2023-06-21 23:36
Lumber futures surged above $550 per thousand feet, their highest since early February driven by supply disruptions and strong demand as the summer construction season approaches. In Canada, record wildfires have ravaged approximately 4 million hectares of timber since June 6th, even before the start of the official fire season. As a result, sawmills have been forced to shut down, leading to substantial disruptions in the forestry industry. Meanwhile, in the United States, housing starts unexpectedly jumped by 21.7% month-over-month in May, reaching a seasonally adjusted annualized rate of 1.631 million. This surge indicates a promising recovery in the housing market, which had experienced a slowdown due to factors such as high mortgage rates, elevated prices, and tighter lending conditions. The scarcity of existing homes in many markets has contributed to the growing demand for new construction, even in the face of higher interest rates.
2023-06-26 09:32
USA RV sales in have also been ticking upwards. Total shipment in Jan 20,405, Feb 26,326, March 31,869 and April 31,216. May figures should be out this week.
2023-06-26 09:42
FLBHD:
1. Cyclical consumer products earnings/dividend growth #3.6%. Normal GDP or average 10Y bond rate.
2. Good Financial Leverage for manufacturer, but average Asset Turnover n Net Margin.
3. ROE>WACC.
Intrinsic Value: +/-@0.50.
Added!?
2023-06-26 19:10
What is the fastest growing RV segment?
1. The camping community is no longer comprised of senior citizens and baby boomers.
2. Instead, the fastest-growing segment of new campers is Gen Zers and Millenials.
3. Since the start of the Covid-19 pandemic, more people than ever have been hitting the open road to head out on camping and RV vacations.
4. RV can be rented at much cheaper rates, as more Zoomers are renting for outdoor lifestyles.
5. Maintain Hold!
Right Business, Right Management n Right Price!?
2023-06-30 00:40
Lumber futures extended losses to below US$520 per thousand feet, the lowest in six weeks driven by concerns about weakening demand, despite a decrease in supply. Housing starts tumbled 8% month-over-month in June reaching a seasonally adjusted annualized rate of 1.434 million, following a downwardly revised 15.7% jump in the previous month. The scarcity of existing homes in many markets has contributed to the growing demand for new construction, even in the face of higher interest rates. Still, shipments from Canada, the US's biggest supplier, are expected to decline after wildfires have led to a record-breaking 9.2 million hectares of forest burned so far this season. This comes on the back of production cutbacks in British Columbia and a slowdown in European wood shipments.
Additionally, June RV shipments tumbled to 24,095 units. A decrease of 46.4% compared to June 2022. Bringing YTD shipments down 49.2% to 164,830 units.
Have to be patience a while longer.
2023-07-30 21:17
Lumber futures extended losses to $510 per thousand feet, the lowest in nearly two months driven by concerns about weakening demand, despite a decrease in supply.
2023-08-02 15:10
Yes, I believe the worst is over. Hoping to see FLBHD back to profitability in the 2nd half of 2023.
2023-08-24 09:11
Lumber prices were near the $530 per thousand feet level, recovering from an over two-month low of $495 touched on August 11th, as expectations of low supply offset evidence of low demand.
Not so good news from the RV Industry, where in July 2023 total RV shipments ended the month with 20,520 units, a decrease of (-30.5%) compared to the 29,528 units shipped in July 2022. To date, RV shipments are down (-47.7%) with 185,350 units.
On a positive note, sales of new single-family houses in the United States climbed 4.4 percent to a seasonally adjusted annualized rate of 714,000 in July 2023, reaching the highest level since February 2022 and surpassing the market consensus of 705,000.
2023-08-25 22:56
Recovery will be slow, after last year supply chain issues, customers stocked up on inventories. Now the customers are destocking. With interest rate going up, demand has also slowed down, taking longer to destock. Once customers have destocked than we will see recovery. Unfortunately, recovery will be slow as customers will be cautious and apply Just-In-Time inventory management coupled with slower growth.
2023-09-12 09:45
I use 2 references for plywood companies - Eksons which is relying on 3rd party for its logs and Taann with its own logging operations. Eksons decided to exit the plywood business in Jan 2023 while Taann is still manufacturing plywood.
You can see that FLBHD ROE was better than both pre-Covid. Refer to https://i.postimg.cc/gkshNMqt/FLBH.png
Go here for more details of Eksons. https://www.youtube.com/watch?v=g1byo-eO4CM
2023-10-09 09:01
FLBHD: Presently it is solely DY stock...of...DY#12%...not much Price Movements...because of low lumber price...Unless lumber price shoot up to...#700/800...per 1K Feet...cyclical consumer products...Hold...🙏
2023-11-04 01:11
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CS Tan
4.9 / 5.0
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nemesis
Declared 2 sen dividend though making quarterly losses..perhaps the only company in Bursa that will continue to give you dividend even when company is making losses...bcos it is cash rich with zero gearing as it is sitting on more than 120 mil in cash that can generate passive income even when its plywood business isn't doing well ...the company itself is investor utilising its massive cashpile to generate income for shareholders...We can expect Focus Lumber to continue paying good dividend though demand for plywood related products are softening...maintain BUY!
2023-02-20 20:41