MIECO CHIPBOARD BHD

KLSE (MYR): MIECO (5001)

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Last Price

0.66

Today's Change

0.00 (0.00%)

Day's Change

0.66 - 0.66

Trading Volume

50,900


8 people like this.

3,361 comment(s). Last comment by bojed 3 weeks ago

ddd ccc

555 posts

Posted by ddd ccc > 2022-04-15 10:31 | Report Abuse

10:30 start to accelerate today

Posted by wallstreetrookie > 2022-04-16 08:35 | Report Abuse

Earnings wise, both companies are similar. One sells medium density, another one deals with chipboards. Chipboard is just another iteration of low density chipboards. It all boils down on the type of building materials contractors need and what furniture makers want. Raw materials cost will keep going up no matter what. Hevea is obviously the worst since revenue is only 127 million
There's one caveat to this. Chipboards are generally much more versatile than plywoods as it is both more environmentally friendly and flexible than the stronger, sturdier plywoods. ESG-wise, Mieco and Evergreen is a strong winner.

Furthermore, based on supply chain analysis, the biggest customer for Mieco is obviously Seng Yip Furniture and Spring Art Holdings. Furniture stocks have been doing great until recently.
Mieco will continue to outperform under the right market condition as it slowly tracks its industry peers such as Century Plyboards India (currently trading at 47.61x PER) and Greenpanel Industries Limited (trading at 32.01x PER). However, these are the competitors since they manufacture plywoods, not chipboards.

Technical wise, insiders bought close to 1% of the total volume. There only exists 19 other companies with similar profiles based on extensive screening such as positive earnings, sector cyclicality and more.

Therefore, my short term price target for Mieco Chipboard remains at RM1.20 based on ratios and earnings-driven indicators.
If all catalysts align with the macroeconomic factors/trends and with a possible market risk-on sentiment happening in second half of 2022, Mieco could hit

Posted by wallstreetrookie > 2022-04-21 10:53 | Report Abuse

profit-taking

Posted by wallstreetrookie > 2022-04-21 10:54 | Report Abuse

before the next move

Posted by wallstreetrookie > 2022-04-21 11:29 | Report Abuse

Evergreen Fiberboard is not a good company, but people like to play the rebound. Just look at the revenue segment for Evergreen. Mieco has better drivers

Akifuyu

140 posts

Posted by Akifuyu > 2022-04-21 15:51 | Report Abuse

sure ka Mieco better?? Evegreen punya revenue 200 mil over per quarter. Mieco got 100 mil ++ only

Posted by wallstreetrookie > 2022-04-21 17:29 | Report Abuse

Yes, but I really should stop posting comments from now onwards. Some people are using me as a reverse indicator. Time to take a break from forums. Thankless job honestly

Posted by wallstreetrookie > 2022-04-21 17:29 | Report Abuse

im done

Posted by waorangsiam > 2022-04-24 12:41 | Report Abuse

up agree. last time 2015 usd/rm up trend, glove, furniture, chipboard counters uptrend. recently looks like is a show for evergreen, hevea and mieco

Posted by waorangsiam > 2022-04-24 12:45 | Report Abuse

wait buy low sell high

Posted by wallstreetrookie > 2022-04-30 11:06 | Report Abuse

Temporary pullback. Buy back next Thursday

Posted by wallstreetrookie > 2022-04-30 11:07 | Report Abuse

USD will keep strengthening until Q3 2022 according to FX traders. Mieco will benefit from this.

Posted by wallstreetrookie > 2022-04-30 11:07 | Report Abuse

Still very bullish on Mieco. Need to shake off the short term traders before another leg up

Posted by wallstreetrookie > 2022-05-05 22:52 | Report Abuse

This is one of the few stocks to own in this difficult market. USD still strengthening until today as Nasdaq and S&P500 slides. Investors still buying cash and rotating out of all risk assets

Posted by wallstreetrookie > 2022-05-05 22:53 | Report Abuse

Notable FX strategists see the Dollar strength going in mid August 2022

lamy92

728 posts

Posted by lamy92 > 2022-05-09 20:03 | Report Abuse

All in.. 20%

Posted by wallstreetrookie > 2022-05-17 10:11 | Report Abuse

Keep buying, I am overweight both Mieco and Evergreen

siulong1

404 posts

Posted by siulong1 > 2022-05-18 15:42 | Report Abuse

doesnt look good......

Posted by wallstreetrookie > 2022-05-18 19:23 | Report Abuse

Buy on every pullback, management dumping for fear of "retail sentiment"
They probably read i3 comments and try to inverse retail investors.
Do not donate your shares to management. Keep holding

Posted by wallstreetrookie > 2022-05-18 19:23 | Report Abuse

Ringgit will keep weakening. Earnings will be as good as other fibreboard companies.

siulong1

404 posts

Posted by siulong1 > 2022-05-19 09:29 | Report Abuse

break support already... you still holding, wallstreetrookie?

Posted by waorangsiam > 2022-05-19 16:34 | Report Abuse

lets go hevea lo, hevea better

Posted by waorangsiam > 2022-05-19 22:30 | Report Abuse

i saw in a few investment group chats, the gurus and the members cut loss trading mieco, rugi banyak..

Posted by waorangsiam > 2022-05-19 22:31 | Report Abuse

try consider hevea

mf

26,623 posts

Posted by mf > 2022-05-19 22:39 | Report Abuse

Dow Jones

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Posted by waorangsiam > 2022-05-20 14:26 | Report Abuse

teka teki results quarter
hevea - cantik
evergreen - cantik
mieco - teruk atau biasa

Posted by wallstreetrookie > 2022-05-20 15:18 | Report Abuse

I am an individual investor, do not belong to any investment groups. I don't know what you are talking about

Posted by wallstreetrookie > 2022-05-20 15:18 | Report Abuse

Still bullish on Mieco.

Posted by waorangsiam > 2022-05-20 15:24 | Report Abuse

i didn't mean u, wallstreetrookie. what i meant is sharing my info, what i saw in those group chats

Posted by waorangsiam > 2022-05-20 15:25 | Report Abuse

i think they loss a lot, quite a lot of them

Posted by wallstreetrookie > 2022-05-23 08:43 | Report Abuse

Insiders trying to dump their shares on retail before the next earnings. Do not donate your shares. The trend will last until the start of Q3 2022. This is a long term hold

Posted by waorangsiam > 2022-05-24 02:22 | Report Abuse

as expected, results evergreen cantik

now heavea cantik, evergreen cantik. i think mieco tak cantik

Posted by waorangsiam > 2022-05-24 02:32 | Report Abuse

from 79.5 cent drop to 59 cent.. nobody want to buy la, so dangerous

Posted by waorangsiam > 2022-05-27 14:31 | Report Abuse

see, results tak cantik

kumapuma

111 posts

Posted by kumapuma > 2022-05-27 21:58 | Report Abuse

But still in profit..

Posted by wallstreetrookie > 2022-06-04 14:26 | Report Abuse

This insider (management) is very smart. They bought when all retailers have cut their losses.

Posted by wallstreetrookie > 2022-06-04 14:26 | Report Abuse

Why are you guys donating your shares to management? Typical retail mentality

Posted by waorangsiam > 2022-06-04 23:28 | Report Abuse

adui, dont simply mislead ppl leh... they might gonna throw another wave down..

Posted by wallstreetrookie > 2022-06-06 11:01 | Report Abuse

You are just looking at the charts. You work at Hong Leong research is it? Why do you hate this stock so much

Posted by wallstreetrookie > 2022-06-06 11:04 | Report Abuse

I don't respect any analyst (especially sell-side) from Hong Leong bank. Bunch of pricks

Posted by waorangsiam > 2022-06-07 00:52 | Report Abuse

no la, i am normal investor only. mieco is good. just that i think the price might NOT be bottom yet. but maybe i am wrong.

Posted by waorangsiam > 2022-06-07 00:54 | Report Abuse

i bought mieco but i sold already.

Jupiter

73 posts

Posted by Jupiter > 2022-06-22 13:28 | Report Abuse

I heard Mieco is going to close their gebeng plant

Michael Kwok

4,928 posts

Posted by Michael Kwok > 2022-09-06 22:06 | Report Abuse

Sell call mieco 53-55 cents.
Tp below 35 cents.
6/9/2022 10.06pm

bojed

4,660 posts

Posted by bojed > 1 month ago | Report Abuse

Don't miss this train. Let's see if I can get some at 0.6 today.

bojed

4,660 posts

Posted by bojed > 1 month ago | Report Abuse

It has begun :)

-----------------------------------------------------------

bojed

Don't miss this train. Let's see if I can get some at 0.6 today.

1 week ago

bojed

4,660 posts

Posted by bojed > 1 month ago | Report Abuse

Added more today :D

bojed

4,660 posts

Posted by bojed > 3 weeks ago | Report Abuse

It's coming nearer and nearer :)

bojed

4,660 posts

Posted by bojed > 3 weeks ago | Report Abuse

YEEEEEEEEEEEEEEEEEEEEEEEEHAAAAAAAAAAHAHAHAHHAHAHAHHHAHAAHHHHHHAA

bojed

4,660 posts

Posted by bojed > 3 weeks ago | Report Abuse

YEEEEEEEEEEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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