Posted by Ntpboon > 2015-03-19 15:28 | Report Abuse

Relax, just for laugh.................

木制皮造傢俬股，
股价连连涨不止。
同是赚取美金纸，
唯独木框价如此？

Posted by bukithot > 2015-03-24 09:34 | Report Abuse

cup-and-handle formation in the making?

Posted by Ntpboon > 2015-03-25 11:31 | Report Abuse

没交易量，哪来的formation?

Posted by Ntpboon > 2015-03-25 11:37 | Report Abuse

Relax, just for laugh...............

木框漆洒亮晶晶，
配上名画值万金。
出口赚取亦美金，
可惜无人来问津。

Posted by Alex Lim > 2015-04-23 07:24 | Report Abuse

Ex date today

Posted by Alex Lim > 2015-04-24 16:44 | Report Abuse

Lau sai

Posted by fresh investor > 2015-05-15 16:13 | Report Abuse

well received my dividend. looking forward for the good 1st quarter result next week.

Posted by Alex Lim > 2015-05-19 22:17 | Report Abuse

just received dividend....yupee

Posted by fresh investor > 2015-06-09 11:33 | Report Abuse

http://www.orientaldaily.com.my/business/cj300251

Posted by Afiq312 > 2015-06-23 13:42 | Report Abuse

any comment on this ?

Posted by Investeye > 2015-07-03 23:04 | Report Abuse

Today just accumulated few lots of CSC ..

Posted by Investeye > 2015-07-06 21:00 | Report Abuse

Accumulated at RM1.19 but not able to get at RM1.18 & RM1.17. Anyway, no hurry and hopefully good dividend after 1.5 mths from now.

Posted by Investeye > 2015-07-07 16:27 | Report Abuse

As RM dropped further, the exported company likes CSC will benefit most from the situation. Another good movement was it plan to venture to upstream business which further cut it material cost.
It is just good opportunity to accumulate CSC.

Posted by Investeye > 2015-07-13 20:46 | Report Abuse

With the sale more the 90% is to Northern America, resilient business, almost no impact from Euro, RM is weak, cash rich, good dividend and plan to venture to up stream.. can find why this stock is no going up.. So, it is a good time to accumukate between RM1.18~RM1.20

Posted by ImCK > 2015-07-14 17:11 | Report Abuse

count down for USD strenghting

Posted by Investeye > 2015-07-18 17:57 | Report Abuse

Price was not moving up due to previous executive director disposed his share, else with export-oriented company, weaken of RM, more than 95% export to northern America and payout dividend rate of >90%, price should be at least RM1.40++

Posted by Investeye > 2015-07-21 23:23 | Report Abuse

Still confident this share will perform... Especially during this market uncertainty.

Posted by Investeye > 2015-07-24 15:16 | Report Abuse

Further accumulated some lots at RM1.20 when it still low

Posted by Investeye > 2015-07-24 21:08 | Report Abuse

Look likes former executive director still selling his share.. Anyway as long as the result is good, still good to accumulate.

Posted by ImCK > 2015-07-28 15:18 | Report Abuse

yes they export 70% to u.s north america usd rise incoming quater result will see the bright

Posted by Chee Kiat Phang > 2015-07-28 16:22 | Report Abuse

1% stronger of USD can cause 0.9% increase in sales, and +3.8% of profit. since at least 90% dividend payout, we have higher chance to get "growing" dividend. 3rd quarter is the strongest quarter for Classic scenic because major customers from america need to order stocks for Christmas.

Posted by Chee Kiat Phang > 2015-07-28 16:28 | Report Abuse

most investors dont realise this is a furniture counter because it is producing wooden photo frames and they even don't know its profit margin is 1 FOLD more than other furniture company

Posted by Investeye > 2015-07-30 10:35 | Report Abuse

This is one of the most confident counter for me for mid/long term due to:
- >98% are export to US (about 80%), Aus (6%), Japan(5%) & Europe (about 5%)
- One of most nenificial from weak RM as most of the material is local except the Ink & paint
- In fact no debt, cash reserve about RM20mil, profit is about 10 mil every year
- Profit margin is about 17%!
- Ride on the economy recoverly in US..so Fed rate hike is no impact as 80% from US
- See some activities on it business especially to venture in down& up stream industries to enhance it business prospective or lower the material cost!
- Good dividend pay out
- Present price is low and consider cheap



（吉隆坡14日讯）木制相框制造商林吉灵集团有限公司（CSCENIC，7202，消费产品组），现正等待市场环境获改善后，乘势进军上游和下游业务。

该集团的80％收入来自美国市场，使它在2008年的全球金融危机期间受到严重打击。因此，现正期待着当地出现经济复苏。

林吉灵集团财务总监林金丽说：“我们将会在市场上推出更多创新和可销售的木制相框。此外，我们将放眼上下游企业，主要是在短至中期内关系到我们的核心业务。”

在拓展上游业务中，她表示：“我们有意在雪州乌鲁音一幅自己拥有的土地上设立一座锯木厂。”

该集团目前正在为锯木厂申请相关许可证，期望能够在1至1年半的时间内开始营运。

林氏称：“上游业务的资本支出预算大约是200万至300万令吉，而投资期限将会超过2年。”

它是希望通过进军上游业务来节省木材成本，目前该成本约占产品售价30％。

她指出：“通过采购原木代替锯木，我们相信成本能够降低至少15％至20％，因为从原木锯开木材的尺码可以充分利用。”

林氏补充，锯木通常是比较昂贵，因锯木厂将木材废料计算入售价内。

与此同时，进军下游业务将会看到林吉灵集团开始生产木制框架。

她透露：“目前，我们生产8至11英尺的木制相框，并将它们出口至定制框架零售商或分销商，因为它们可付出较高价格。”

“短木板通常用于制造框架。因此，在采购原木时，我们的木材成本会下降，这将使我们较具竞争力，以及能有效地开拓新市场。”

然而，林氏补充，资本支出不会显著影响公司的现金状况，以及支付股息的能力。

在截至2015年3月31日止，该集团的现金及流动资产企于2070万令吉。它虽然没有银行贷款，但是目前的应付账款达160万令吉，而财务负债则达170万令吉。

过去6年，林吉灵集团一直将逾90％的净利润作为派息，不过目前它将派息比率降至50％。

在截至2014年12月31日止财政年度，该集团的净利按年增长11％至1010万令吉，而营业额则上升至5840万令吉。平均而言，它的净利润率达17％。

据她表示：“我们超过80％的收入来自美国市场，其次是澳洲（6％），以及日本（5％）。”

单在美国市场，仅3大客户的订单就占了34％的集团总营业额，这些客户皆是家居装饰零售商，它们分别是迈克商店、Hobby Lobby商店和拉森朱尔商店。

林氏说：“鉴于美国经济环境获改善，我们将会继续专注当地市场，然而其他地区的经济依然疲弱。”

她补充，美国仍是我们的木制相框最大和最有利可图的市场。

林氏称：“美国经济是由消费者支出所驱动，目前还没有完全从2008年金融危机中复苏；但我们相信，随着家庭的资产负债表转强，以及房屋市场获改善下，市场环境将会变得更有利；加上失业率走低，使到消费者支出和零售销量回升。因此我们通过创新产品，乘着这些宏观机会进一步拓展美国市场。”

Posted by Chee Kiat Phang > 2015-07-30 13:51 | Report Abuse

if Q3 EPS is 3sen (may be more than that), then dividend declared for this half year would be "5sen", total is 4+5=9sen for financial year 2015, which is 7.4% dividend yield.

Posted by Investeye > 2015-08-04 13:29 | Report Abuse

Former executive director is still selling his share again??

Posted by Chee Kiat Phang > 2015-08-04 15:56 | Report Abuse

since october 2014, he was selling his shares. u may notice only 1% from total shares of cscenic had been sold, and he is stil holding ~11%. what we can predict is, the former director is trying to create liquidity for this counter, then _______(please think!)

Posted by Investeye > 2015-08-05 15:31 | Report Abuse

See some light on CSC, as a 98%+ are exported oversea (US alone is about 80%), export goods much more less bulky/raw materials used compare with furnitures, higher margin as at 17%. It is just a matter of time for it to perform if this RM rate is so low.

Posted by Chee Kiat Phang > 2015-08-05 15:38 | Report Abuse

investeye, we saw some light for Cscenic today. hopefully investor can know tis counter

Posted by Ntpboon > 2015-08-05 20:04 | Report Abuse

老调重弹!
Relax, just for laugh.........................

木制皮造傢俬股，
股价连连涨不止。
同是赚取美金纸，
唯独木框价如此？

Posted by cchleong457 > 2015-08-05 21:49 | Report Abuse

Be noted that the company has Currency Forward Contracts in USD. They suffered RM1 million lost in this contract in previous quarter.

Posted by Ng MC Angie > 2015-08-05 21:57 | Report Abuse

Cchleong457 , is gd or no good?

Posted by mtr27 > 2015-08-06 09:49 | Report Abuse

price moving higher with significant volume!!! ready to rumble!!! cscenic go! go! go!

Posted by mtr27 > 2015-08-06 09:50 | Report Abuse

i love dividend counter!!

Posted by Investeye > 2015-08-06 10:51 | Report Abuse

What i like is: Even the US Fed rate is up, but should very less impact to business (as 80% is US market) compare with tech companies (as the chips are depend on worlwide comsumption)

Posted by Investeye > 2015-08-06 12:00 | Report Abuse

Below is the infor from RHB Technical Analysis, but for me the fundamental value will win over a long run:

Classic Scenic may rebound further after it recently breached the downtrend line and closed above the MYR1.24 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.30, followed by MYR1.39. Thestock may turn sideways if it cannot sustain above the MYR1.24 mark. In this case, support is anticipated at MYR1.19, where traders can exit upon a breach.

Posted by oasischeah > 2015-08-07 18:07 | Report Abuse

No indication of div.yet?

Posted by mtr27 > 2015-08-09 12:16 | Report Abuse

next week no more below 1.30..

Posted by Unbeatable Nick > 2015-08-09 12:44 | Report Abuse

chart look fine but i see director keep disposing shares whole july and august too,,,so still hesitated

Posted by calvintaneng > 2015-08-09 15:26 | Report Abuse

Yes,

CScenic is a better buy than Latitude at this moment. However you must be careful as to why insiders kept up selling. Any hidden danger ahead they see which we don't?

In any case go relax and see www.chick.com

Posted by yipgusing > 2015-08-11 21:49 | Report Abuse

USD hike to 4 ... it will benefit to cscenic...

Posted by mtr27 > 2015-08-18 16:21 | Report Abuse

Faster buy cscenic before it shoot next week..this thursday or friday declare div cum qtr report

Posted by mtr27 > 2015-08-18 16:24 | Report Abuse

Last yr same qtr price jump to 1.43!!

Posted by Investeye > 2015-08-19 17:57 | Report Abuse

Disappointed Q result..it was poorer than prevoous Q.

Posted by Ken Lim > 2015-08-19 20:44 | Report Abuse

Profit remain same level that's why share price not going up

Posted by mtr27 > 2015-08-19 22:25 | Report Abuse

Profit reduce by 300k only, no big deal..it gv 4c int div as last yr..co. performance still intact with good USD..tomoro no more below 1.30 hahaha

Posted by mtr27 > 2015-08-19 22:28 | Report Abuse

Hard to get good co. in klse nowadays..playsafe with cscenic..

Posted by balvin71 > 2015-08-20 09:06 | Report Abuse

Disappointing results, below my expectation. Even with devaluation of the ringgit, devalued more than Euro, still lost market share, drop in sales and profit. Other companies that have local manufacturing and are export based, sales in USD, are reporting better results. Dividend Yield still good, but if continue like this, yields might drop. I do not own this stock, on my watch list, will stay on the side lines for a while longer.

Posted by mtr27 > 2015-08-20 09:33 | Report Abuse

becareful of shark trying to press down the price for a cheap sale..dont throw ur precious cscenic so easily to them..remember good co. will reward good div no matter what market condition

Posted by mtr27 > 2015-08-20 10:03 | Report Abuse

"The weakening of Ringgit Malaysia put us in a strong position to safeguard our market share. Besides,the improving consumer sentiments in USA and other more positive economic data like declining unemployment rate point toward a better outlook ahead. Barring any unforeseen circumstances,we expect to perform satisfactorily for the remaining period of the financial year ending 31 December 2015." There u see, a good co. is always a good co..cash rich some more

Posted by Investeye > 2015-08-20 10:23 | Report Abuse

Will dispose some to invest other counters that dropped a lot. Anyway, this counter saved me from invested other counters which dropped at least 5%~12%