Posted by Jon Choivo > 2018-01-22 18:36 | Report Abuse

Wouldn't FLBHD be a better idea? They raised their plywood production from 66mt to 77mt in 2016, should have raised further in 2017.

Depressed price, low ROIC and EV/FCF etc etc.

Posted by paulthesotong > 2018-01-22 18:43 | Report Abuse

Not mistaken identity...isnt Pworth from Sabah?

Posted by value88 > 2018-01-22 18:48 | Report Abuse

According to news above, the higher plywood price is caused by lower production resulted from unfavourable weather.
This means the output is low, hence lower output x higher selling price does not necessarily equal to higher earning.
The same thing happened when El Nino hit palm oil industry, CPO price up and output down, resulting, earning of plantation companies actually dropped during that period.
I am not saying same thing would happen to plywood manufacturers this time around, but just don't be over-optimistic.

Posted by Jon Choivo > 2018-01-22 19:18 | Report Abuse

Fair point. I guess production wont be the bottleneck in this case.

Log prices went up due to low supply last year.

Worth a punt i guess, this kind of stock, need to think like Venture Capitalist or private equity, not value investor.

Posted by Icon8888 > Jan 22, 2018 07:12 PM | Report Abuse

They are getting a gigantic forest concession mah

Sigh, why do I even bother to answer ?

Posted by themagicianmerlin > 2018-01-22 20:51 | Report Abuse

Forget about Plywood stock. How much upside left? Now, it's time switch to this stock... Upside is more than 5-fold and I bet this stock will resume its rally tomorrow!

https://klse.i3investor.com/blogs/themagicofmerlin/145078.jsp

Posted by HENGYUAN Sexy Babe @ RM21 > 2018-01-22 21:04 | Report Abuse

Agree Jon

Posted by gladiator > 2018-01-22 23:38 | Report Abuse

Bought flbhd as a diversify portfolio from just oil & gas.

Posted by KYYgel > 2018-01-23 08:39 | Report Abuse

Why buy malaysian plywood when you can buy MAlaySian STEEL ?

Posted by soon9913 > 2018-01-28 14:40 | Report Abuse

Thanks for sharing Icon.

http://www.klsescreener.com/v2/news/view/156291

As per news above in November 2016, the management was expected to deliver RM80mil net profit in year 2017, but how much it delivered ? It is far different from the target!
They talked too big.. Could you clarify with deep throat ?

Posted by KLCI King > 2018-09-03 10:03 | Report Abuse

All predictions & projections seemed didn't turn into figures, another failed recommendations.

Posted by Flying Fox > 2018-09-07 07:25 | Report Abuse

What happened to this I con you stock recommendation? All got conned & stuck?