Dear Friends & Investors of i3 forum,
All commodities have gone up & followed in somewhat by their share prices. One outstanding commodity is Lumber. In USA Lumber has gone up 300% from USD300 to over USD1,500 due to Work from Office to Work from Home
One Stock stood out as very undervalue --- EKSONS
Why Eksons?
Answer: Eksons export plywood directly to the USA market
Plus there are many salient factors about Eksons which Mr. Market overlooked
See its last Results
SUMMARY OF KEY FINANCIAL INFORMATION
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INDIVIDUAL PERIOD
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CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
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PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
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PRECEDING YEAR
CORRESPONDING PERIOD |
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31 Dec 2020
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31 Dec 2019
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31 Dec 2020
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31 Dec 2019
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$$'000
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$$'000
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$$'000
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$$'000
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1 | Revenue |
20,258
|
9,608
|
30,623
|
14,776
|
2 | Profit/(loss) before tax |
9,432
|
1,141
|
10,778
|
4,818
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3 | Profit/(loss) for the period |
9,371
|
885
|
10,493
|
3,632
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4 | Profit/(loss) attributable to ordinary equity holders of the parent |
7,449
|
1,100
|
8,363
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4,886
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5 | Basic earnings/(loss) per share (Subunit) |
4.66
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0.69
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5.23
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3.08
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6 | Proposed/Declared dividend per share (Subunit) |
0.00
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0.00
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0.00
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0.00
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AS AT END OF CURRENT QUARTER
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AS AT PRECEDING FINANCIAL YEAR END
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7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
2.4900
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2.4000
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Eksons revenue is up by 100% from Rm9.6 Millions to Rm20 millions
Its latest EPS is 4.66
Forward P/E is
4.66 x 4 = 18.64 sen
Price is 71.5 sen
So divides 71.5 by 18.64
= 3.83 PE
That means Eksons will double your money in only 3.83 years
2) In the Annual Report
See Chairman statement (page 12)
The Eksons Group specialises in the manufacturing of tropical thin plywood of less than 3.0 millimeter in thickness, particularly in the 2.5 and 2.7 millimeter categories. The plywood is sold under the “Panda” brand name, which is an internationally established name known for its high quality. The thin plywood is used mainly for internal furnishing and decorative purposes. Eksons also produces veneer and sawn timber, targeted largely at the export market.
One of Eksons’ competitive advantages is our ability to convert various grades of logs into high and consistent quality plywood in accordance with international standards. We have the ability to convert even low grades of logs into high quality plywood which means we are not hampered by lack of options in our suppliers.
We have 2 factories with a combined installed capacity of 285,000 m3 per annum, located in Sibu, in the state Sarawak and Tawau in the state of Sabah. Over 90% of our production are exported, mainly to the US, Middle East, North Africa, Taiwan & Korea.
Unlike many that export to Japan & India -- Eksons main export is to USA, Middle East, Norh Africa, Taiwan & Korea
Over 90% of our production are exported, mainly to the US, Middle East, North Africa, Taiwan & Korea.
Read again
Over 90% of our production are exported, mainly to the USA, Middle East, North Africa, Taiwan & Korea.
DID YOU ALL NOTICE USA STANDS OUT AS 1ST??
AND THAT IS WHERE THE HOTTEST SUPERBOOM IS NOW ON
COULD THIS BE THE CATALYST FOR EKSONS?
Yes or no we shall SEE in Eksons future Exports Results
Eksons now 71.5 sen
Target price is Rm1.74
How did we arrive at the target price of Rm1.74
Quite simple
Using the 30% Discount to NTA as a Margin of safety by Great Benjamin Graham
We just take 30% discount from NTA of Rm2.49
is Rm1.74
Best regards
Calvin Tan Research
Please buy or sell after doing your own due diligence. In doubt please consult your Remisier, Accountant or Fund Manager
Chart | Stock Name | Last | Change | Volume |
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Created by calvintaneng | May 10, 2024
Created by calvintaneng | May 04, 2024
Created by calvintaneng | May 02, 2024
Created by calvintaneng | Apr 29, 2024
Created by calvintaneng | Apr 27, 2024
I was admirer of calvin.lately i realise he shoot out a stock over the weekend for monday morning..last one WTK today eksons..so be careful to buy anything when market opens in the morning especially monday morning
2021-05-23 15:39
Calvin trapped inside palm oil ma, need promote more so he can earn from u lor!!!
2021-05-23 15:40
Good evening all
Please hold on to all your precious palm oil shares as the best is yet to come
Only buy lumber if you got extra spare money ok
Palm oil bull run has structural dynamics like
1. World weather havoc depleting food supply
2. USA pivoting to clean green energy for biodisel thrust
3. Increasing world population and decreasing plantable lands
As for lumber see how long work from office to work from home(office) will last
2021-05-23 17:56
JESUS - Son of God. God the very God. Became man the very man. To die for sins of all mankind
Jesus is more than a prophet. Jesus is also God the very God. And the KING OF KINGS AND THE LORD OF LORDS
And He shall return to reign for ever and ever
https://www.youtube.com/watch?v=LajyjD0nzF4
2021-05-24 01:34
calvintaneng
EKSONS is Among World Top 10 Plywood companies
Read this carefully
https://www.imarcgroup.com/top-plywood-companies
2021-05-22 23:54