strong USD also will boost the earnings of the company.. worth to buy more and hold until next year quarter report.. Glad to see that this stock has entered correction phase..
FF continue selling for 7 consecutive days DJI falls -300 points DAX, FTSE and others all falls more thn 2% Oil making new low at 35.35 Next week rate hike seems imminent
I don't understand why everyone is still quite gungho with this stock even when it is quite clear that the earnings for the upcoming results is going to be badly affected from the fire incident and there will be higher operating cost incurred to continue the operations as normal.
abc123...it depends on how individual interpretation of correction...just make it simple..u look at the 4 weeks range stated in the stock overview...1.55 - 1.91 ( within 4 weeks)..Friday closed at 1.84..do u think the stock in the correction phrase?
Tmr will drop some, peopleare panic to sell . But don't forget pohuat are earning usd, malaysia are not affect to pohuat. as a professional investor will hold this tight only can win big money. People always lose money because they always no study and follow that why panic sell.
Winners from weaker ringgit Malaysian exporters, especially furniture makers, are benefitting from the continuing weak ringgit. At the current rate of over RM 4.25 to the US dollar the ringgit has weakened around 27% in the year.
This year furniture exports are already up around 20%. Sales in June were up 18%, they were up 20% in July and almost 15% in August compared to the same months last year. In terms of value, June exports were worth RM 755.9 million, RM 791 million in July and RM 835.6 million in August. The USA was the biggest export market with January to July exports worth RM 1.34 billion.
Plywood exports have laso been big winners as sales in the first eight months totalled RM 3.4 billion, well up on the RM 2.9 billion for the whole of 2014.
Standard for forest management up for review The Malaysian Criteria and Indicators for Forest Management Certification MC&I (Natural Forest), the standard used for forest management certification of the natural forest under the Malaysian Timber Certification Scheme (MTCS) since July 2012, is now due for a review.
According to the MTCS a technical document ¡®Rules on Standard Setting Process for Development of Timber Certification Standards¡¯, the forest management standard is to be reviewed at least every five years.
The review of the MC&I (Natural Forest) is scheduled for conclusion in 2017 as it is anticipated that review process would take 22 months.
MTCC has indicated that the upcoming review of the MC&I(Natural Forest) will consider merging and incorporating this with the MC&I Forest Plantation.
Heart of Borneo initiative gets Federal funding The Natural Resources and Environment Minister, Wan Junaidi Tuanku Jaafar, has said the Malaysian Federal Government is committed to the Heart of Borneo (HoB) initiative and will continue to support Sabah and Sarawak in the implementation of various projects and activities under this initiative.
The Minister said HoB initiative is important for the national image and will directly contribute to improved forest management. The Federal government has reportedly allocated about RM34.46 million for HoB support.
New era in Sarawak/NGO relationships The state government is enhancing collaboration with nongovernmental organisation¡¯s that share the same agenda of conserving the state¡¯s rich forest resources to ensure not only systematic management and conservation but also one that is sustainable while upholding the state¡¯s good reputation internationally.
The chief minister also stressed the need for Sarawak to intensify measures to ensure effective management and conservation of forest resources as part of the global efforts to counter global warming and degradation of the environment.
Intensifying enforcement of forest laws and regulations to stamp out illegal harvesting is a major objective in the State. In this regard, the State Forestry Department has achieved success since strengthening enforcement and collaborating with other agencies.
Reduced import duties in S. Korea a boost to plywood manufacturers Plywood exports from Sarawak to South Korea increased significantly after South Korea cut in anti-dumping duties by more than half to 3.08% from 6.43%. One company, Jaya Tiasa, saw an 11% rise in sales to South Korea, its main market, over the twelve months to June this year.
The Korean Trade Commission (KTC) imposed antidumping duties ranging from 5.12% to 38.1% on Malaysian plywood for three years from February 2011.
Duties were placed on exports from 8 Sarawak plywood manufacturers and one from Sabah after the Korean Wood Panel Association argued these companies were selling below cost and thus undermining South Korean producers of plywood. Following a three-month review the South Korean authorities decided to extend the duties but at a reduced rates from the middle of last year.
Plywood export prices Plywood traders in Sarawak reported export prices: Floor base FB (11.5mm) US$ 570/cu.m FOB Concrete formboard panels CP (3¡¯ x 6¡¯) US$ 520/cu.m FOB Coated formboard panels UCP (3¡¯ x 6¡¯) US$ 600/cu.m FOB Standard panels S Korea (9mm and up) US$ 400 ¨C 410/cu.m FOB Taiwan (9mm and up) US$ 410/cu.m FOB Hong Kong US$ 420 FOB/cu.m
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....
Probability
14,457 posts
Posted by Probability > 2015-12-10 14:41 | Report Abuse
USD super strong...