Dividen 4 cents next month better than FD in bank.

Only 6.1 mil results out.

With paper price down 10 to 20%, the gainers go to carton converter like Master, Box pack, Orna, public. Muda income 70% from paper mill and 30% from carton. Sell at correct price at right timing. Good luck.

Muda major shareholder belong to lim family. Cuaca begitu panas, sungai susah kering, mana ada air untuk buat kertas. Performance is affected.

No convincing reason for price up, as global pulp and paper price in down trend after hike to record high in Q3. Q4 drop, Coming Q1 even worse with slow demand.

Pulp price drop more than 10 percent within these 3 weeks. Worse is coming , all paper price drop sharply, repeating pattern 10 yers ago. Muda is good stock, but tsunami is coming. Short term down, long term up.

Muda is primary manufacturer, supply paper to secondary user like boxpak or Orna. Rising paper price will benefit to paper mills but not carton converter.

Banning of plastic bag will be good news for paper mills, more paper packaging products to replace plastic materials. Muda up again.

Expected good results with price increased and capacity increased. Next week-cross 1.90.

New production coming up , additional 2000- 3000mt per month.