Mieco chipboard is the same industry as Heveaboard. Anyone looked at the difference between the 2 companies? which one is better and have better product recognition in the market??
The builder datuk sri yong had retired from mieco. None can matching his capability The glut supply in the industry need years to match lower demand...kkikiki
All furniture counters starting to move, Mieco is just starting, volume slowing increase, good time to enter, risk is quite low to enter at this point. Forward PE is 6.6 if the next 2 Q profit can remain the same.
Revenue drop due to flood in Dec'15, but profit increase...Soley due to gain of disposal of land. If excluding this extraordinary gain, operation suffer loss.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Chin Hui Lee
77 posts
Posted by Chin Hui Lee > 2014-10-02 09:19 | Report Abuse
if bankrupt, we will be the last ones to know