Posted by NOBY > 2014-12-22 15:42 | Report Abuse

Nice write up and fully concur with your points. My only concern is the disposal of the major shareholders which seems to have subsided in Dec. I couldnt find log prices history online perhaps because it is not traded at spot prices. Their logs are mainly sourced on short term from Innoprise Corp S/B a Sabah state owned body.It would be interesting to see if the net effect of weakening USD and increasing log prices would impact its bottom line. If you read the initial coverage report by Hwang or TA, their market in the US is mainly the RV segment. This segment has been showing impressive growth for the past 4 years since the financial crisis, on average >10%.

Posted by Icon8888 > 2014-12-22 16:34 | Report Abuse

I don't have high expectation for this counter. Bought it for yield purpose and its potential to benefit from strong US Dollars. Will be happy if it can capital gain by 20% over next 12 months