A good year for Resintech.Bhd

Profitable quarter...2million.
Should slowly move to 30sens...just be patient.

Rubber prices per kg...have almost doubled from last year.....will have a positive effect on Greenyb's upcoming quarterly results....

Some sites...claim that hextar global is a competitor to greenyeld....better still if big giant sapu this small company....market cap not even 80million....inject some new blood......
Old operator best to change....with a new one..
Mayb then 40sens high can be retested...

Year to date..61.4% increase in price...

https://ycharts.com › indicators › sin...
Singapore/Malaysia Rubber Price - YCharts

The Tham family...major shareholders og GYB...will surely determine the direction of this company...
75% controlled by 30 biggest shareholders...
Cash in hand 12million....
Profit margins and NP on the rise.....
1st quarter results due at the end of this month.....
4 weeks range 21 to 25.5sens.......
Looking at the uptrend....results should be OK..
boosted by the boom in the gloves industry and tyre threading industry.
Bought a bit high.....24.5sens...no choice but to wait..

OTW

Best not to touch till 65 retested....
No end to selling... ..

Touched 255...then dropped back..
Will wait for it to retest 255....b4 jumping in..
Too many false starts these days....
Transocean shareholders laughing to the bank..

OTW

Sleep for a while

OTW

Watch out for Pensonic

Sold...good luck everyone

OTW

OTW

Game to start soon....1st target RM1

Mrt3 revival...will move pwrwell higher....

Touched 26.5.....back to 25..
Nvm try again next week..

From what i see....there seems to be steady buying..
This stock cannot play contra....no holding power...best not to touch.....52 week high is 41.5...
Today its only 26sens.....long way to go....
Need to cross 30.5 to confirm uptrend....

Right now..volume has to be higher...
Needs to mop up from the open market.....
If can trade like 2 to 3million a day.....then can move up..
Otherwise...dont c it going very far...
1st days 90sens.....very far away....

Palm oil at record high...
Timber also at record high..
Wait patiently for the rally....

Lumber prices at all time high.....
Palm oil prices at multiple year high

Lumber prices at all time high.....

Lumber prices shooting to sky high.....timber stocks might shoot up soon....

Cost of lumber, building supplies skyrockets
Published April 8, 2021 5:11 p.m. ET
Updated April 8, 2021 6:13 p.m. ET

Finally a small premium...

Recent listings...15sens to 40sens premium..
This useless ipo...its been so long....cant even trade above ipo price...whats the point of showing profit qtr to qtr....when investors who applied its shares till today...still losing money.....

Still trading below IPO? Damn dissapointing.

Liihen is coming...market leader for furniture stock.
Hopefully mobillia follows...

This company...is controlled by the tiong family from Sarawak....rimbunan hijau...jayatiasa...suburtiasa..
Jayatiasa moved from a low of 20sens to RM1...
Suburtiasa has moved from 40 to 90.....now hovering around 75......palm oil prices have jumped so high...timber also moving up....on friday shchan almost limit up.....woodlan too traded high...
We are probably looking at the next theme...in this market...if u look through the shareholding...subur has already bought back close to 20.9million share buy back...thats 10%...most of these were purchased between RM1.50 and RM2.50.....now 75sens...
Its another lelong lelong lelong stock...like khind bhd..
Subur also has an nta above RM2....
Number if shares only 209million and mostly tightly held..
The tiong family is very diversified...all they have to do is pump a profitable business into Subur....while waiting for commodities to rise further...at these prices..Subur is a bargain......lets c how...
All the best...dont play contra...dont burn your fingers..

Timber stocks after years of losses....might turnaround this year..

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Global Plywood IndustryGlobal Plywood Market to Reach US$84. 5 Billion by the Year 2027. Amid the COVID-19 crisis, the global market for Plywood estimated at US$49. 7 Billion in the year 2020, is projected to reach a revised size of US$84.

  

July 17, 2020 00:36 ET | Source: ReportLinker

New York, July 17, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Plywood Industry" - https://www.reportlinker.com/p092568/?utm_source=GNW
5 Billion by 2027, growing at a CAGR of 7.9% over the period 2020-2027.Hardwood, one of the segments analyzed in the report, is projected to grow at a 8.2% CAGR to reach US$58.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Softwood segment is readjusted to a revised 7.3% CAGR for the next 7-year period. This segment currently accounts for a 31.6% share of the global Plywood market.

The U.S. Accounts for Over 26.8% of Global Market Size in 2020, While China is Forecast to Grow at a 13.8% CAGR for the Period of 2020-2027
The Plywood market in the U.S. is estimated at US$13.3 Billion in the year 2020. The country currently accounts for a 26.84% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$21.6 Billion in the year 2027 trailing a CAGR of 13.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 6.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR while Rest of European market (as defined in the study) will reach US$21.6 Billion by the year 2027.We bring years of research experience to this 20th edition of our report. The 339-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

-Competitors identified in this market include, among others,

Boise Cascade CompanyCentury Plyboard (India) Ltd.Eksons Corporation BhdGeorgia-Pacific, LLCGreenply Industries LimitedJaya Tiasa Holdings BerhadLinyi Junli Wood Products Co. Ltd.Linyi Sanfortune Wood Co. Ltd.Sarda Plywood Industries LimitedSDS Lumber CompanySeihoku CorporationSubur Tiasa Holdings BerhadSVEZATa Ann Holdings BerhadTianjin Plywood Industry Co. Ltd.Uniply Industries Ltd.UPM-Kymmene CorporationWest Fraser Timber Co, Ltd.Weyerhaeuser CompanyWTK Holdings Berhad

Global Plywood IndustryGlobal Plywood Market to Reach US$84. 5 Billion by the Year 2027. Amid the COVID-19 crisis, the global market for Plywood estimated at US$49. 7 Billion in the year 2020, is projected to reach a revised size of US$84

Still weak...buying not strong enough...
Might rest at these levels...

Slowly moving to RM1.....
Will monitor closely next week....
Might considerbuying if can retest recent high...1.04.
Lets c

Today wegman and homeritz in the green..
Looks like furniture stocks starting to rise....
Mobillia will come....this stock has a good following.
Oversubscribed 92 times...the good thing is volume has shrunk...so no more heavy buying/ selling....bit by bit should retest 1st days high....

Liihen and pohuat green...mobillia will come strongly..

Unbelievable...there's no end to this counter's rise...from 20sens to RM3.15....how many millionaires were made...in this...

Loss making companies can go up 15 times...
But profitable companies cant even give u 15sens gain..
Companies like these..are so undervalued
Khind PE 5
Pensonic PE 7.5
Umsngb PE 12
Fiamma PE 7.8

Sadly this is the case across the board on the Bursa....for so long...

Furnitire stocks getting activated...

Dropped to 2.80 this morning....any reason why.?
Almost jumped in at 3.80.....
Will continie to monitor....Khind with 70sens eps...certainly a better bet....
Asiafile with 20% shareholding of Muda Holdings also a good one to consider...cash rich and tightly held...

Liihen is also looks like reversing multiple week downtrend.....hold steady.

Looks OK....as long as our ringgit is weak....quality furniture makers that export to Europe and America...will always have bumper profits......thats a fact.
Eventually Mobillia will come back and retest its 1st day high...just have to wait patiently...

Looks good

Sadly...everyday down.
Short term traders all burn....dont play contra...
Wait for Liihen to reverse....once Liihen ( furniture stock leader )...moves up...
Mobillia will follow....

If caught...wait patiently...
Samaiden 1st day high 1.12...came down to 55...then reversed all the way to 2.10.....good companies will rebound back.....its been a bad few weeks on the Bursa...expected to improve...as the Covid situation improves...Vaccinations have started......All the best.

When the selling stops....the counter will rebound.
The stock market is like this....u cannot buy..with zero holding power....

Furniture makers like Lihen / pohuat / Homeritz who have an export market doing so well....coz our ringgit is weak...and the strong US Dollar and Euro....will surely keep Mobillia moving....65% of it products are exported..

Bought 65 yesterday...
IPO oversubacribed 93 times...
Company profitable 8million plus..
Big boss controlling 72%
1st day premium...extremely high...Congratulations to those who applied and got it at IPO price....
Todays closing 42sens...sadly.
Already losing 23sens....quite dissapointed....hopefully prices rebound in the next few weeks...