Posted by Fabien Extraordinaire > 2018-07-20 16:31 | Report Abuse

with or without trade war, outlook for furniture industry is promising given the strength of US economy and the hurricanes. this trade war is a bonus.

Posted by Kyou > 2018-07-20 16:40 | Report Abuse

http://klse.i3investor.com/blogs/icon8888/162902.jsp

trade war will make their products more competitive against those make in China.
and;
today furniture counters go up alot too @@

Posted by value88 > 2018-07-20 23:00 | Report Abuse

According to UOB Kay Hian analyst, the wood based panel makers, eg. Evergreen and Hevea etc, will also be the beneficiaries as 10% trade tariff will also be imposed on wood based panel exported from China to US, if the tariff really come into effect in end Aug'18.
I suppose that explains why LiiHen, Pohuat,Evergreen & Hevea stock prices all shot up today. TheStar just published UOB Kay Hian's analysis today.

Posted by value88 > 2018-07-20 23:03 | Report Abuse

The strengthening of USD and the potential 10% tariff on China imports would provide Malaysia wood based manufacturers a big boost for their stock price to run from now till Aug, I think.

Posted by VenFx > 2018-07-20 23:16 | Report Abuse

Just that, Furniture need to deal with the cost hike of raw materials eg. Rubber wood and Coating & Chemical products .
Production curve line / scale & Technology know how manufacturing that may be the only way to mitigate it .

Posted by Jon Choivo > 2018-07-21 03:50 | Report Abuse

Decent punt.

Posted by Panch > 2018-07-21 05:30 | Report Abuse

Plus depreciating RM

Posted by issac99289928 > 2018-07-21 08:54 | Report Abuse

thanks to Dumb Trump and his trade war and depreciating RM .

Posted by moneypedia > 2018-07-21 09:09 | Report Abuse

zero logging movement in selangor gov, need to see this effect

Posted by Lyo82 > 2018-07-21 09:38 | Report Abuse

Now I know why the furniture counters were 'abnormal' yesterday..

Posted by cheoky > 2018-07-21 09:52 | Report Abuse

Thx icon

Posted by pang72 > 2018-07-21 09:58 | Report Abuse

Now I know why so many people trap in furniture stocks

Posted by 7210 > 2018-07-21 10:44 | Report Abuse

be caution, rmb had depreciated 8% since march, overall price increase is 2%. significant??

Posted by uptrending > 2018-07-21 10:49 | Report Abuse

Monday many may rush in... Hope would not be trapped in the end after profit taking... hihihi

Posted by uptrending > 2018-07-21 10:57 | Report Abuse

http://www.klsescreener.com/v2/news/view/407071

Early Birds get the worms..

Posted by birkincollector > 2018-07-21 10:57 | Report Abuse

no trap now la....furniture stocks already hit rock bottom for quite a while..now is the time to up!

Posted by JN88 > 2018-07-21 11:05 | Report Abuse

Icon8888 is very expect in USD ....I still remember that time during POH HUAT he recommended at RM1+ .....if not mistaken 3 year ago.....

Posted by CharlesT > 2018-07-21 12:01 | Report Abuse

Most furniture co r at bottom prices...worths a look...i m in hevea n liihen

Posted by uptrending > 2018-07-21 12:12 | Report Abuse

Chinese government is very good. They have a lot of ammunition. They have already devalued their currency from 6.3 to 6.8 for 1 USD. Deprecated more than the RM.

Trade war may lead to stagflation. Consumers may hold back spending on durable goods. It may not be all that rosy when it pan out. When China goes down, don't think others can prosper.. hihi

Posted by uptrending > 2018-07-21 12:24 | Report Abuse

Furniture is labour intensive and the impending implementation of the min wages in Malaysia, how does it affect the competitiveness unless the company has factories in Vietnam or other 3rd world countries...

Posted by uptrending > 2018-07-21 13:19 | Report Abuse

https://www.cnbc.com/2018/07/19/4-lethal-weapons-china-has-to-help-win-the-us-china-trade-war.html

Posted by tecpower > 2018-07-22 09:10 | Report Abuse

Risk assets and oil prices would likely tumble as worries about growth arise, hitting currencies of commodity-exporting countries particularly hard -- namely, the Russian ruble, Colombian peso and Malaysian ringgit -- before taking down the rest of Asia.

“Asian central banks will initially try to stem currency weakness through intervention,” Brooks said. “But then Asian central banks will step back, and in my mind, the big underperformer on a six-month horizon could be EM Asia.”
https://www.bloomberg.com/news/articles/2018-07-20/currency-war-erupts-as-trump-blasts-china-eu-for-manipulating

Posted by tecpower > 2018-07-22 09:13 | Report Abuse

Weak ringgit gives Malaysian export-oriented stocks an edge.

Posted by uptrending > 2018-07-22 17:53 | Report Abuse

When trade War escalates, everything will tumble together... Stagflation, depression like that of the 1930s? Scary... Seems history could repeat itself..

Posted by Fabien Extraordinaire > 2018-07-23 16:04 | Report Abuse

Pohuat has factories in Vietnam.