Posted by MarketWatcher > 2016-02-23 15:15 | Report Abuse

sold.. better cabut first.. recently oil and rm strengthening.. not good for furniture and particle board company.. even the strong peer like evergreen and hevea drop non stop..

Posted by kokchengkai > 2016-02-23 15:33 | Report Abuse

MarketWatcher if RM vs USD can go bck to 3.60 then really bad news for furniture n board industri.If still above 4.00 then Everything is fine n profitable.

Posted by MarketWatcher > 2016-02-23 15:42 | Report Abuse

but the profit taking wind is still strong in furniture stocks. besides, if compare co vs co, evergreen revenue, profit and fundamental so much stronger than mieco, currently at 1.25

Posted by kokchengkai > 2016-02-23 15:53 | Report Abuse

look at PE ..mieco is under 10 .if this coming QR result good then PE wil lower again .tht means price is cheap.NTA oso higher than share price mean abit undervalued.

Posted by MarketWatcher > 2016-02-23 16:04 | Report Abuse

ermm... i don't really agree with the pe as it includes disposal of a factory. anyway, i chose to protect my profit esp in a market volatile like this. good luck.

Posted by hoby > 2016-02-23 16:05 | Report Abuse

PE lower means price is cheap, sounds sesat weii

Posted by mondrian > 2016-02-23 16:12 | Report Abuse

Accumulating

Posted by 10071985 > 2016-02-23 16:12 | Report Abuse

disposal of factory is during last year?

Posted by kokchengkai > 2016-02-23 16:26 | Report Abuse

sesat tak sesat i tak tahu..aku cuma tau bila kau tengah takut aku beli...bila kau dah tak takut is the time for me cabut

Posted by Ethan Ng Pei En > 2016-02-23 20:04 | Report Abuse

tp?

Posted by zexon > 2016-02-23 20:16 | Report Abuse

Short term tp should be 1.06, if this quarter result is 3.5 cents, based on PE of 9.5, among the lowest in wood & furniture industry.

Posted by zexon > 2016-02-23 20:24 | Report Abuse

You may see it's peer, Hevea is trading at PE of 11+

Posted by zexon > 2016-02-23 22:46 | Report Abuse

Ilovemarket, do remember that Mieco was announced that it is disposing its forest management subsidiary for RM35 mil, cash. Close to half of Mieco debt is in BA.
You should see Mieco cash cycle instead merely interpret from high receivable.
This is the calculation based on my company management efficiency spread sheet,
Mieco cash cycle is only 29 days compare to Hevea, 70.5 days!

Posted by stockstealer > 2016-02-23 23:40 | Report Abuse

dont fight here..if want to fight, go to instaco forum..haha..big war at instaco forum..

Posted by bracoli > 2016-02-24 07:58 | Report Abuse

Vivovom lar bro kikikiki

Posted by bracoli > 2016-02-24 09:46 | Report Abuse

Pondan ti whos ur hubby?

Posted by SimonShuet > 2016-02-24 10:00 | Report Abuse

Good recovery against the tide

Posted by bracoli > 2016-02-24 10:44 | Report Abuse

Relax la.. Earn money only..

Posted by bracoli > 2016-02-24 12:16 | Report Abuse

Bye ilovemarket. Hope not to c u here ..kikiki

Posted by Bursa Wolf > 2016-02-24 14:30 | Report Abuse

MIECO (Not Rated). MIECO has been on a downtrend trajectory since reaching a high level of RM1.34 back in 19-November 2015. Riding on the recent hype over rally in chipboard makers, MIECO had started to garnered investors interest as it rose 6.0 sen (+6.56%) to break out from its downtrend resistance trend line at RM0.975 on the back of strong trading volume. MACD had also broken away from its downtrend resistance to conduct a bullish convergence, while RSI and Stochastic had also hooked up to trace out a buy signal on the stock. Shall follow through buying occurs, the share price is expected to climb further up towards RM1.00 (R1) before retesting the RM1.13 (R2) level in the nearterm. Immediate support could be seen at RM0.90 (S1) followed by RM0.80 (S2).

Posted by Bursa Wolf > 2016-02-24 14:37 | Report Abuse

last time 80c no buy de now regret ?

Posted by Bursa Wolf > 2016-02-24 14:38 | Report Abuse

MIECO (Not Rated). MIECO has been on a downtrend trajectory since reaching a high level of RM1.34 back in 19-November 2015. Riding on the recent hype over rally in chipboard makers, MIECO had started to garnered investors interest as it rose 6.0 sen (+6.56%) to break out from its downtrend resistance trend line at RM0.975 on the back of strong trading volume. MACD had also broken away from its downtrend resistance to conduct a bullish convergence, while RSI and Stochastic had also hooked up to trace out a buy signal on the stock. Shall follow through buying occurs, the share price is expected to climb further up towards RM1.00 (R1) before retesting the RM1.13 (R2) level in the nearterm. Immediate support could be seen at RM0.90 (S1) followed by RM0.80 (S2).

Posted by Bursa Wolf > 2016-02-24 14:48 | Report Abuse

NOW 99C, HEADING TO RM1

Posted by Bursa Wolf > 2016-02-24 15:14 | Report Abuse

i take partial profit at 99c

Posted by zexon > 2016-02-24 15:31 | Report Abuse

Dear ilovemarket, don't compare latitude which is in furniture industry. Do compare with hevea or evergreen. We shall discuss on figures and facts.

Posted by hewiester > 2016-02-24 16:03 | Report Abuse

when something is brewing, people come and bad mouth the counter hoping that it bring fear to panic emotional investors. If you'd invested, stay invested. Don't let moron's control over your emotional status

Posted by bracoli > 2016-02-24 20:45 | Report Abuse

Hevea got superb result

Posted by funitec > 2016-02-24 23:11 | Report Abuse

Oversold. and selling... Target Far far away. Keeping in freeze.

Posted by Ezra_Investor > 2016-02-25 01:24 | Report Abuse

@bracoli - No one can predict Mieco's result, unless you are an employee of the company.
But if, "IF" share price is of any indication, the recent surge of Mieco should provide you some hint?
Not sure, at your own risk.

Posted by bracoli > 2016-02-25 08:43 | Report Abuse

Tq ezra

Posted by mondrian > 2016-02-25 10:34 | Report Abuse

come on volume! Pick up

Posted by TheRock > 2016-02-25 17:34 | Report Abuse

sienzzzz

Posted by bracoli > 2016-02-25 17:58 | Report Abuse

No wonder drop suddenly.. Result profit like shit!

Posted by lux88 > 2016-02-25 17:59 | Report Abuse

Genetec game over, next Mieco game over 2moro?

Posted by lkwah86 > 2016-02-25 18:05 | Report Abuse

OMG! the result

Posted by manimaniONGG > 2016-02-25 18:07 |

Post removed.Why?

Posted by Mohd Fahmi Bin Jaes > 2016-02-25 18:11 | Report Abuse

net profit down 83%. gap dowm price

Posted by PlsGiveBonus > 2016-02-25 18:16 | Report Abuse

Margin call coming tomorrow
Prepare your seat belt

Posted by CIO888 > 2016-02-25 18:30 | Report Abuse

Net profit down due to the following reason:

Despite a stronger fourth quarter revenue, the Group registered a lower pre-tax profit of RM2.5 million when compared to RM15.4 million a year ago, mainly due to a RM16.1 million gain on disposal of land and buildings in Semambu, Pahang upon completion of sale in November 2014. The fourth quarter of 2015 saw increased selling prices as well as higher sale volume whilst raw material costs particularly for wood and diesel, were lower.

Year on year review
For the full-year 2015, the Group recorded revenue of RM355.0 million, up 3% against RM344.8 million in 2014 reflecting increased plainboard selling prices and focus on value-added products.
The Group achieved a pre-tax profit of RM18.7 million against RM19.4 million in 2014. The strong operational performance in 2015 was derived from higher plainboard selling prices and increased sales of value-added products, helped by lower wood and diesel prices.

Posted by Hotrod > 2016-02-25 18:35 | Report Abuse

OTB's stock ?

Posted by traderman > 2016-02-25 18:36 | Report Abuse

Tomorrow will go 1.0

Posted by sstt > 2016-02-25 18:54 | Report Abuse

If take out the disposal, last year same qtr actually loss abt 2million.

Posted by Hulk > 2016-02-25 19:23 | Report Abuse

Company expect to pay all the term loan in 2016 by disposal of MWP. This is good.

Posted by Ezra_Investor > 2016-02-25 19:30 | Report Abuse

Profit is not really down - it's normalization as last year Q4 is one-off gain. (RM16.1 million gain on disposal of land and buildings in Semambu, Pahang).
Otherwise, last year would be a loss quarter, compared to this year is profit making.
Current PE stands at 10.70. Okay lah, fair value.

Posted by buddyinvest > 2016-02-25 19:32 | Report Abuse

Please forgive him

Posted by Ezra_Investor > 2016-02-25 19:37 | Report Abuse

Turnaround takes time mah. Try and check what kind of Balance Sheet Hevea has when it started to turnaround from the bottom?
If you're not happy, there's 900++ other counters in KLSE. Why complain so much?

Posted by lux88 > 2016-02-25 19:43 | Report Abuse

Current PE:
Mieco: 10.7
Latitude: 6.7
Liihen: 8.2
Poh Huat : 9
If based on Poh Huat pe, Mieco will drop another 19%.
Take note: Poh Huat with better FA than Mieco.
So u can think yourselves what valuation you will give Mieco?

Posted by Ezra_Investor > 2016-02-25 19:45 | Report Abuse

Hahahaha, you sound so much like paperplane2016!
He calculates exactly like you!
Where got people calculate like that one? Take 1 quarter x 4? LOL.

Posted by Ezra_Investor > 2016-02-25 19:46 | Report Abuse

@lux88 - your argument is invalid.
Pohuat, Mieco, Latitude is NOT PRODUCING THE SAME PRODUCTS AND SAME FIELD.
Please do you research before whacking blindly, thank you.

Posted by Hulk > 2016-02-25 19:54 | Report Abuse

lux88, if like that, Liihen and Pohuat also need to drop a lot to fullfill latitude PE 6.7. and also Homeriz also need to drop a lot.....T_T.....all stock need to refer to the lowest PE in same industry.