dun forget if Oil strengthen, US economy will said the crisis facing by the Shell oild producer is faded, then economy will look good (house prices in US rise wor) then it is good for FLB. and if US economy looks good, Fed may threaten rise interest rate wor, then RM will weaken again
dun forget FLB is a good dividend payer, partly due to its controlling shareholders are Taiwanese, if they continue to use legit way to get return from their investment, dividend payment is the only way. else they Goreng share.
Last quarter (30/9/15)unrealised exchange gain should have been realised in Dec Qtr. & Oct - Dec 2015 should have higher Revenue and fatter margin。All this will result in large cash in flows hence a better chance for higher dividend. ^-^
Yup...may be they just dumped in the Forex gain into the Margin. But the Revenue 3 qtrs ago of 41,398 compared to the last 42,802 did not change much...
So its more like they sold less material with a higher Margin due to Forex...(selectively to the right buyers). Hope they can increase the quantity of the material being sold too...
very disappointed with this counter, looks like no support line, let's see how strong MYR can go, all furniture counters are seriously dumped by investors
I think a group of people bought a lot of furniture related shares previously and starts dumping now, once dumping is exhausted, it will rebound, may be after cny...who knows
may be I should said furniture material counter, whatever la, hope for the best, no cny angpow from this counter, just now rebounded a while then drop again....sigh
LOL? profit stagnant? your grandma told you one? stop telling us the joke of the century...please show me how u arrive at this kind of conclusion. also, instead of pouring cold water everywhere on every good stocks, please recommend a better stock for us at this difficult times. Dont tell me that you choose to stay aside :)
I can understand that you are out of the game becoz the macro-environment is not in a good shape now. but please dont make your baseless assumption that "the profit is stagnant". Stop being so cynical. when u leave the boat, u hope that the boat will sink and kill everyone on the boat??? haha
Frankly, I personally don't feel Malaysian economy is improving thus MYR will go back to 4.4 level against USD unless US is getting poorer than Malaysia. NJB already mentioned no currency peg to be implemented. Oil price and corruption can kill Malaysia, pls open your eyes big big, if you got money, just buy some export oriented counters at this low price. The improvement of MYR can be also due to window dressing after the budget announcement, don't simply throw your shares. FLBHD is fundamentally strong with good dividend yield. When I first analysed this counter, the price is just 1.3 sth and its net cash flow was about 70 sen per share. I think it is very difficult to find this kind of cash rich company in the market. Now the price is above RM2 due to higher revenue or EPS, do you think few days improvement of MYR can kill this company? Don't worry if you are investing in this company as it is having low PE ratio as compared to its peers. I think due to the severe sell down since last week, a lot of our friends here are bleeding but I think the wound will recover soon. Bet at your own risk as every investment or bet carries certain risks.
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....
tksw
12,807 posts
Posted by tksw > 2016-01-29 14:54 | Report Abuse
FLB already reap the weakness of RM gao-gao, to be reflected in Dec Qtr