InvesteyePrice was not moving up due to previous executive director disposed his share, else with export-oriented company, weaken of RM, more than 95% export to northern America and payout dividend rate of >90%, price should be at least RM1.40++
InvesteyeStill confident this share will perform... Especially during this market uncertainty.
InvesteyeFurther accumulated some lots at RM1.20 when it still low
InvesteyeLook likes former executive director still selling his share.. Anyway as long as the result is good, still good to accumulate.
ImCKyes they export 70% to u.s north america usd rise incoming quater result will see the bright
Chee Kiat Phang1% stronger of USD can cause 0.9% increase in sales, and +3.8% of profit. since at least 90% dividend payout, we have higher chance to get "growing" dividend. 3rd quarter is the strongest quarter for Classic scenic because major customers from america need to order stocks for Christmas.
Chee Kiat Phangmost investors dont realise this is a furniture counter because it is producing wooden photo frames and they even don't know its profit margin is 1 FOLD more than other furniture company
InvesteyeThis is one of the most confident counter for me for mid/long term due to: - >98% are export to US (about 80%), Aus (6%), Japan(5%) & Europe (about 5%) - One of most nenificial from weak RM as most of the material is local except the Ink & paint - In fact no debt, cash reserve about RM20mil, profit is about 10 mil every year - Profit margin is about 17%! - Ride on the economy recoverly in US..so Fed rate hike is no impact as 80% from US - See some activities on it business especially to venture in down& up stream industries to enhance it business prospective or lower the material cost! - Good dividend pay out - Present price is low and consider cheap