PublicInvest Research
TECHNICAL BUY - TIMWELL (7854)
PublicInvest
Publish date: Tue, 08 Jun 2021, 10:36 AM
PublicInvest
0 10,786
An official blog in I3investor to publish research reports provided by PublicInvest Research team.
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
Description
TIMWELL has been granted the permission to plant, rehabilitate and harvest timber logs within the license area of 100 years commencing on 10 September 1997.
Fundamentals
The global timber market remains weak and is not expected to improve in the medium term especially with the uncertainty brought about by the worldwide pandemic. With China slowly opening its economy once again, TIMWELL expects to satisfy the backlog orders in the short term.
Source: PublicInvest Research - 8 Jun 2021
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