sorry eps 14.8c. . No exceptional 1 off gains or anything. Pure solid business. If they can sustain this for the coming quarters. PE will be less than 1 .
it can be predict.. calculate their monthly production..u'll see it was significant increase from last monthly production.. =) , u can try it at other sawmill,kiln drying counter.. (-_-)v
Tomorrow another limit up. Next quarter will be very good as well. Cash piling up. Rm 1.2 is reasonable at Pe 8x just based on this quarter. But if we annualize the 14c earning. Target price would be Rm2.40 at a PE of only 4x. This is one crazy stock. Those who couldn't get it today . Can try parking early tomorrow . But no guarantee you can get. I'm 100% sure another limit up tomorrow
Look like all timber stock will be hot soon...WTK,Jtiasa, Ta Ann....this quarter results shown significant improvement from logs sell. Expected next quarter results will be much much more better....
INDIVIDUAL PERIOD CUMULATIVE PERIOD CURRENT YEAR QUARTER PRECEDING YEAR CORRESPONDING QUARTER CURRENT YEAR TO DATE PRECEDING YEAR CORRESPONDING PERIOD 31/03/2014 31/03/2013 31/03/2014 31/03/2013 RM'000 RM'000 RM'000 RM'000 1 Revenue 46,340 19,320 46,340 19,320 2 (a) Profit/(loss) before income tax, minority interests and extraordinary items after share of profits and losses of associated companies 26,802 -289 26,802 -289 (b) Net Profit/(loss) from ordinary activities attributable to members of the company 19,960 -379 19,960 -379 (c) Net profit/(loss) attributable to members of the company 19,960 -379 19,960 -379 (a) Basic (based on ordinary shares - sen) 14.84 -0.28 14.84 -0.28 4 (a) Dividend per share (sen) 5 Net Assets Per Share Attributable To Ordinary Equity Holder Of The Parent (RM) 0.69 0.54
G Pharoas deals with wood. I once visited the Factory in Kelang.
KPSCB also has Plywood. I just visited KPSCB Factory yesterday. The Branch Manager Mr Wang told me Wood Sells Well. So better load up some KPSCB now as it has not gone up a lot yet
Internal logs extraction and mid-stream activities are expected to further improve in the coming quarters as the weather conditions improves. However, the sawmilling and kiln-drying segment will face challenges in the downturn of export demand and over supply in the market that could affect the selling price of the sawn timber.
If yes, then you know what to do....anyway, I couldn't find more details about it except this :
The increase in revenue was contributed by the logs sales proceeds amounting to RM27.29 million from the concession of the Group's timber management subsidiary, Kumpulan Pengurusan Kayu-Kayan Trengganu Sdn. Bhd. ("KPKKT") during the current quarter under review. The six (6) compartments in the concession were part of a land area in KPKKT's concession that was awarded to the Group's shareholder, Lembaga Tabung Amanah Warisan Negeri Terengganu ("LTAWNT") by the Terengganu State Land Office for mining purposes. In return, KPKKT was given the right to extract and sell the logs therein.
In addition another subsidiary, Pesama Timber Corporation Sdn Bhd (“Pesama”), has successfully obtained the FSC endorsed certification for its 20,243 hectares Cherul Forest Concession on 10 December 2012 as certified by SCS Global Services. The certification is valid for five years until 9 December 2017..
Anyway, another quarter results will be good to see if the company can rerate... i think is they already have the concession in their books, and previously just didnt harvest the logs, so they will start to harvest the logs of their lands.. need more studies in this company...anyone could help can be much appreciated.. i bought some at 70cents
Cash increased drastically and seems that the net profit margin is very high from the revenue (Harvesting) of RM38 million, the net profit posted is RM27 million....
yes, if they sold their logs, profit margin should be very high since it is a concession, anyway looking at the chart, i think this is just the beginning.. 10 years ago was traded at rm5, wait a few days to see, what will happen, i think next quarter results are going to be crucial, if they do another 10 cents, it is enought to propel the company towards RM1.50, with a pe of 5
Based on EPS at 0.145, short term FV is 0.80, and real FV should be around 1.20! But stock market never trader on 100% on fundamental, demand and supply also count here so its depend on demand & supply!
april log production at 5328 hpt, higher than March at 4625, looks like sme revenue of 45 mil+ is likely in Q2, and if COS does not increase (Q1 at 26 mil+), PBT is going to come in approx. 20 mil again !!!
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....
thereds
58 posts
Posted by thereds > 2014-04-24 16:48 | Report Abuse
what happen to this counter????? any info.....