the company's balance sheet is so clean. Also note that their Cash Flow Statement during this 'MCO' quarter was pretty good. See if they can return to profit , for q ending September.
Annual report 2019 Our revenues and financial results are primarily dependent on the demand and selling prices of our products. The demand and the price of plywood could be volatile and is subject to factors such as global economic conditions, the global demand including that of the US RV industry
1. i think the demand of plywood for US RV is increase. 2. MCO period, most of the industry sure -ve result. Except those healthcare or essential industry.
Annual report 2019 Our revenues and financial results are primarily dependent on the demand and selling prices of our products. The demand and the price of plywood could be volatile and is subject to factors such as global economic conditions, the global demand including that of the US RV industry
1. i think the demand of plywood for US RV is increase. 2. MCO period, most of the industry sure -ve result. Except those healthcare or essential industry.
The current poor result for Focus Lumber 2nd qtr june is mainly due to MCO lockdown as the company only operate 1 month out of 3 months.
The company cited improvement in its selling price, but it did say its cost of raw material is also up.
Flb did not manage to take advantage of the improvement in selling price bcos of the lockdown & higher cost of raw materials & availability.
Going forward FLB has cited, it will make used of veneer to support its production of its plywood.
With high demand of RV and High Lumber prices, with almost complete relaxation of lockdown & source of raw materials almost solve for FLB, it is expected FLB will show outstanding performance in coming Q3.
I think one should start accumulation of this stock at around 90 sen bearing in mind its net cash is 80 sen per share & its treasury shareholding of more than 7% of its outstanding capital .
This Flb is expected to distribute its treasury share as dividend.
omg..moneylai? if u dont even know this kind of thing please dont go invest la.. sound so stupid. you know..dont act like very clever please but look action like idiots.
This counter looks good. Loss making for one or two year sure, but historically very high ROE >12%. It also has no debt and selling incredibly cheap currently compared to its net current assets of around RM 1.08 per share. Seems to stand out from the other lumber or plywood manufacturers imho.
Recreational Vehicle market is flbhd main focus in the US. Due to pandemic, US ppl bought more RV instead of taking train/flights for local travelling... that is why recently flbhd is getting a lot of focus. Outlook has turned very positive for flbhd... we will wait and see the coming quarterly result.
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....
Posted by pang72 > 2020-08-17 21:39 | Report Abuse
recent odd action by trader to push up counter for unload because of bad result ie. FLbhd and Liihen!!
when you see the price up means BAD QR!!