i think short term time frame will move sideways until feb/march when nearing results. unless there is some unforeseeable catastrophe, price may react negatively
Kuala Lumpur : What MyBursa can gather from CIMB’s report on Heveaboard Bhd is that the US Dollar Does Matter and it is going to play a very crucial role in the coming earnings session.
For one, most of the chipboard makers such as Hevea, SYF Resources Bhd, Mieco Chipboard, and Evergreen are going to report earnings that are much stronger than anticipated by the research community.
And this boost is solely due to the steep depreciation of the Ringgit as well as the research communities conservative benchmarking of the Ringgit.
They have benchmarked the Ringgit at RM4 to the Dollar, a level which the Malaysian currency has not even come close to achieving over the past four months.
Based on the reality on the ground, MyBursa’s untrained estimate is that Hevea’s full year profit for the 12 months ended December 31 2015 which will come out next month will leap frog to the RM80 million level from RM32 million recorded in 2014.
Likewise SYF’s earnings are expected to be boosted by more than 20 per cent than previous estimates.
SYF is the current small cap exporter with momentum which has not been blunted even after the shocks coming out of China, which has literally strangled the Asian bull to the point of submission.
stock price sure will go up and down. wont be surprise if dip below 70sen for awhile before bouncing back up. market uncertain but still believe in fundamental of this company. pls deliver!
only this remarks in Kenanga research for SYF despite it main focus is for overall Furniture Industry. 'Healthy balance sheet. We observe that 5 out of the 7 furniture stocks we are studying are in a net cash position with net cash per share averaging 8.8% of their respective share price. We are positive on furniture companies' overall net cash position as this should easily support future dividend payouts. Note that historical dividend yield averaged 2.5%, well below the average net cash/share level. Furthermore, LATITUD, LIIHEN and SYF are in net cash position for USD as well, hence an appreciating USD is net positive for these companies. In comparison with the benchmark board makers, only 1 of 5 board makers is in a net cash position. Notably, this explains the reason dividend yields of furniture companies seem to be better than average board makers 1.2%.'
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Tripaka
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Posted by Tripaka > 2016-01-12 11:24 | Report Abuse
If it falls, support 65.