no so gv strength (给力)this quarter, there was a write back of ppe of 13.5m, if normalised the earning, it would be 44.5m only.
"2016 began with the traditional lethargic demand for timber and timber products. Plywood demand is expected to slow down in the first quarter of the year as timber traders/buyers in Japan minimize their inventory holdings before the year end book closing at the end of March. "
This is abit headache, coz plywood is always the added value prod that fetches high profit margin. And undeniably Japan is the largest client of Taann and the whole Malaysia.
And the trend starts to reverse, previously the Japanese able to sapu alot of made in Malaysia plywood due to cheap Ringgit. But now the Yen also deprciated alot, making purchase in USD expensive.
Therefore the japanese firms would prefer to source from local, Japan there actually also of source of wood one, but their enviroment awareness is high, so they very kedekut to cut it.
@cheated, u really believe ANALyst report? they put higher TP to lure you all to chase after it. nobody wanna buy, how can they unload their portion and lock profit? next time dun take everything you read here on i3 forum
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ruby828
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Posted by ruby828 > 2016-02-23 17:06 | Report Abuse
Last minit....laptop hang...iyo....