Coming announcement if from Mar to June 19. That time everything is normal for Pworth. Great logging volume, increasing price of log and product, USD strengthening. Eventhough Log export been banned, but i think certainly Pworth able to channel out additional log into local market, since high demand. One probably Focus Lumber. High chance result good.
MFRS 141 is goo for Pworth. Since log price increase, the economical value of Pworth biological asset shall increase. The gap between fair and cost will increase. Good for bottom line. If i m not mistaken, FMU 5 asset havent taken in to balance sheet. Once included, boom. Hopefully they manage to issue by tomorrow.
Recent crackdown is a hit to Pworth, confirmed they logs being ceased. But still investigation, unless u know Sarawak Report ppl to dig.Coming quarter should have better detail of the explanation.
No major shareholder disposing, share turnover is not that high. All bad news probably reflected.
Risk: License being revoke if found corruption in getting the FMU 5 license. Many state already start to stringent the license.
Stock: [MAXLAND]: MAXLAND BERHAD
2018-09-06 12:02 | Report Abuse
Coming announcement if from Mar to June 19. That time everything is normal for Pworth. Great logging volume, increasing price of log and product, USD strengthening. Eventhough Log export been banned, but i think certainly Pworth able to channel out additional log into local market, since high demand. One probably Focus Lumber. High chance result good.
MFRS 141 is goo for Pworth. Since log price increase, the economical value of Pworth biological asset shall increase. The gap between fair and cost will increase. Good for bottom line. If i m not mistaken, FMU 5 asset havent taken in to balance sheet. Once included, boom. Hopefully they manage to issue by tomorrow.
Recent crackdown is a hit to Pworth, confirmed they logs being ceased. But still investigation, unless u know Sarawak Report ppl to dig.Coming quarter should have better detail of the explanation.
No major shareholder disposing, share turnover is not that high. All bad news probably reflected.
Risk: License being revoke if found corruption in getting the FMU 5 license. Many state already start to stringent the license.
Little comment.