Quote :- "The vaccination rate at Sabah continues improving and we are currently in the Phase 4 of the National Recovery Plan. Besides, we had obtained approval from the relevant authorities to run our factory at 24 hours since the end of October. Without shortage of logs supply, our production volume will increase which will further reduce our production cost per cubic metre and improve our sales margin. As to manpower issue, we believe the government will allow more sectors bringing in new foreign workers after greenlight had been given for plantation sector recently. Based on the progress of vaccination in Malaysia, we believe the worst for the Group is over. Therefore, the Board of Directors is confident that the Group will be profitable in the remaining period of current financial year."
Subject : Dealings Outside Closed Period 1. Details of Dealings Outside Closed Period Salutation : MR Name : LIN HAO YU Designation : Director Description of 'Others' Designation : Type of Transaction : Acquired Date of Transaction : 29/11/2021 Description of Securities : Ordinary Share No of Securities Transacted : 193,600 % of Securities Transacted : 0.196 Consideration : Malaysian Ringgit (MYR) 195,536.000
3) NET CASH COMPANY FLB has a very healthy net cash position of RM88.7 million or RM0.83 per share with no bank borrowings. That is impressive gven that the market capitalisation of the company is only at RM149 million!
Agree with sherlockman.. This is a hidden gem. High lumber prices will remain elevated throughout the next. few years at least. Factory is churning 24 x7 according to management since mco ended. The next qr out in Feb is going to be bombastic.
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....