FOCUS LUMBER BERHAD

KLSE (MYR): FLBHD (5197)

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Last Price

1.28

Today's Change

+0.02 (1.59%)

Day's Change

1.23 - 1.29

Trading Volume

80,800

Overview

Market Cap

143 Million

NOSH

112 Million

Avg Volume (4 weeks)

292,585

4 Weeks Range

1.21 - 1.43

4 Weeks Price Volatility (%)

31.82%

52 Weeks Range

0.805 - 1.68

52 Weeks Price Volatility (%)

54.29%

Previous Close

1.28

Open

1.26

Bid

1.27 x 10,300

Ask

1.28 x 1,500

Day's Range

1.23 - 1.29

Trading Volume

80,800

Financial Highlight

Latest Quarter | Ann. Date

31-Mar-2022 [#1] | 20-May-2022

Next QR | Est. Ann. Date

30-Jun-2022 | 27-Aug-2022

T4Q P/E | EY

5.47 | 18.29%

T4Q DY | Payout %

7.62% | 41.65%

T4Q NAPS | P/NAPS

1.55 | 0.83

T4Q NP Margin | ROE

18.27% | 15.09%

Company Profile

Sector: INDUSTRIAL PRODUCTS & SERVICES

Sector: INDUSTRIAL PRODUCTS & SERVICES

Subsector: WOOD & WOOD PRODUCTS

Subsector: WOOD & WOOD PRODUCTS

Description:

Focus Lumber Bhd operates as an investment holding company, which engages in the manufacturing and sale of plywood, veneer and laminated veneer lumber. It operates through the Manufacturing and Electricity segments. The manufacturing segment engages in the business of manufacturing and sale of plywood, veneer, and laminated veneer lumber. The Electricity segment engages in the business of generation and sale of electricity. The geographical location of customers in Canada, Hong Kong, People's Republic of China, India, Korea, Republic of the Marshall Islands, Japan, Taiwan, Thailand, and the USA. The firm generates most of its revenues from the Manufacturing segment.

Discussions
17 people like this. Showing 50 of 10,104 comments

balvin71

Saw the US Market this morning. Was like, Aaaarrrrggghhhhh!!!

2 months ago

balvin71

Yesterday pick up a little bit more at 1.49.

1 month ago

sherlockman

buying at RM1.40. gonna hold till QR at month end

1 month ago

sherlockman

lumber futures still above usd1000 so no reason for FLB to be so weak. Just pulled down by overall market sentiment

1 month ago

balvin71

Tried to pick up 1.39 this afternoon, not successful. See tomorrow.

1 month ago

s3phiroth

Many of those who bought upon breakout at 1.62 are panic and cutting losses since yesterday.

i am happy to collect back my shares at much much lower price now.

1 month ago

sherlockman

RM1.40 support still intact. Look for a move back to RM1.60 at month end

1 month ago

balvin71

Picked up a bit at 1.39.

1 month ago

sherlockman

picked up more rm1.39 too

1 month ago

balvin71

Yes, USD up, lumber price strong. I will keep collecting.

1 month ago

gemfinder

Post removed.Why?

1 month ago

balvin71

Alamak, you have a very good point, I went in too early. However, based on FLBHD profitability comparing with lumber prices, lumber prices need to drop by more than half from current level to effect FLBHD profitability/dividends. Last few days, I believe is more general panic selling in reaction to interest rate hike.

1 month ago

balvin71

Who knows, maybe, a bit of force selling by margin players.

1 month ago

s3phiroth

US plywood ppi data yesterday was still at high level...

1 month ago

s3phiroth

I notice that flb put a lot of spare money in money market fund. Does anyone has any idea why they do so? Wouldnt it nice if they return the money to shareholders as a special dividen?

1 month ago

s3phiroth

The amount of money they put in money market fund is about 45cent per shares. How nice if they return just half of it to shareholders....

1 month ago

yfchong

enter to FLB. guess 1.37....... no doubt FLN is not at 500 Mil Cap not interested by many folks, just imagine their net cast value per share.., Like that lor.. Important is RV drive

1 month ago

balvin71

Yes, I have held FLBHD shares for many years. Am hoping this financial year will have same amount of dividend as in 2018 of RM0.16 per share, hopefully better. That time lumber averaged at abouts $500~$600. Quarter 1 2022, should record best profit ever and next quarter maybe 3rd best after 2021 Quarter 4. Last few days lumber has come down. But still high compared to historical levels.

1 month ago

sherlockman

looking good for RM1.60

1 month ago

ipohwhitecoffee

QR on the way. Hold hold keep holding

1 month ago

Fabien _the efficient capital allocator

Based on the North America lumber market outlook report, housing starts, which is a primary driver of lumber demand and selling price is expected to continue growing in year 2022. Thus, we expect that market price for wood products is sustainable in current year based on the US consumption of lumber as well as continued supply-side constraints due to its logistic issue and also Russia-Ukraine conflict.
However, costs of raw material and other components are increasing in current year due to increased oil price.
Besides, revision of minimum wage effective from 1 May 2022 would increase our production costs by approximately 4%. The impact of the increasing production cost can be minimised if we are able to increase our production volume through the employment of more workers. However, the current selling price of plywood,
without taking into consideration of the recent strengthening of US dollar, is able to absorb the increase of the production costs. Based on the current operating environment, the Board of Directors is confident that the Group will achieve a new height in year 2022.

1 month ago

Musangkingfarmer

If without the logistic issues, the profit and revenue will be much higher. Because there was no available bulk carrier delivering the plywood to US in February and March 2022 while availability of container shipping was limited as well.

1 month ago

yfchong

Wow 3 cts

1 month ago

gemfinder

Poor result. Qoq drop.

1 month ago

Fabien _the efficient capital allocator

Q1 FCF is 26mil or 26sen per share. 3 sen divvy is a tiny piece. Cash balances a whopping 106mil vs MC of 151mil. Very hard for this company to go bankrupt

1 month ago

captainjeremysparrow

DIVIDENDS
 Interim dividend – 3.00 sen per share (1Q 2021: NIL)
 Equals to pay out ratio of 40% (EPS of 7.43 sen)
 Ex date – 30.06.2022
 Payment date – 15.07.2022

Wow. if continue to give dividends with 40% pay-out ratio, sure super hoseh. Can achieve 10-15 cents dividends per year!!

1 month ago

s3phiroth

I wish they reduce the investment in money market fund and give us a special dividen. Afterall, the return of money market fund is very low although it has very low risk. IMO it is better return these money to shareholders.

1 month ago

yfchong

Congratulations to all who catch below 1.40...... 3 tiers of cheese cake flank...

1 month ago

7822hg

请问一下AGM有提到订单来不及做吗?

1 month ago

Fabien _the efficient capital allocator

2015 was their record year. PAT 31.7mil. EPS 30sen and DPS 15sen (about 50% payout)

If they can maintain and do a bit better, hopefully can achieve 30sen earnings per share again matching their previous high

1 month ago

yfchong

Yes, with good footing from RV, can close 30 mil will be awesome.. cheers guys

1 month ago

7822hg

FLBHD 还有 17000m3 sales 没进帐
17000m3 * 700 usd = 11900000 usd * 4.3 = RM 51170000 sales
If gross profit is 32% = RM 16374400

1 month ago

7822hg

May big rocket next incoming QR I keep for long term investment 收3 sen 股息耐心等待公司业绩大反转

1 month ago

7822hg

Forecast next QR EPS IS 10 sen and above
Net cash is around 99 sen now
Good company

1 month ago

7822hg

Pai seh 己进帐了上一个comment 的没进帐的不正确

1 month ago

s3phiroth

how did u get the number 17000m3 ?

1 month ago

yfchong

Another quarter to move on

1 month ago

yfchong

Rm cash backing. Would not run out of fuel.

1 month ago

sherlockman

Company did some share buy back today at RM1.28 and RM1.29. A bit worried as the RM1.40 support has broken

3 weeks ago

yfchong

habis lah, let see after dividend below RM1.00 can catch boh

1 week ago

Fabien _the efficient capital allocator

Currently, FLB has pending orders (until 3Q) with locked in plywood prices hovering near record high. Going into 2QFY22, we believe FLB will likely post stronger QoQ earnings on the back of (i) sustaining or slightly stronger GP margin; (ii) delayed revenue recognition from 1QFY22, and (iii) higher plywood realized price amid rising geopolitical tension.

1 week ago

Fabien _the efficient capital allocator

We raise FLB’s FV to RM 2.26 (from RM1.98), ascribing a 8.6x P/E (5Y average) on FY23 EPS of 26.6 sen as we roll over our valuation base year to FY23. We like FLB given its favourable product mix with primary exposure to the US RV market (c.50% of US sales) that commands a higher ASP. The strong USD will also benefit FLB as >95% of its sales are denominated in USD while >80% of the cost is in ringgit.

1 week ago

captainjeremysparrow

wow, hoseh lo.. can continue to collect more.

1 week ago

S_ken

dividen in 2 days 3sens

1 week ago

yfchong

Below 1.2 can consider

2 days ago

sherlockman

I am still a believer in this company....still up year to date after collecting the dividends

2 days ago

balvin71

I am still collecting after getting gaji. Good dividends, better than putting money in the back.

2 days ago

sherlockman

balvin71....Yes I will buy more if if drops below RM1.20 but will hold whatever I have for now

1 day ago

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