According to the November issue of Shares Investment(SI)(Malaysia Edition), increased standard of living will increase demand for the company's production. Company will concentrate on improving process flow and efficiency.
SI said that being an integrated company, it has the advantage of moving quickly to meet demand. It will continue to focus on brand building, tapping on certifications it has obtained.
Japan is a significant market for the company's higher premium timber production. The managed float system for RM currency will result in cheaper imports of heavy equipment but affect the company's export proceeds which are denominated in US dollars.
This is a profit-making company. It made 42.883 mil in 2004, 88.124 mil in 2005, 22.665 mil in 2006, 254.772 mil in 2007 and 83.295 mil in 2008.
MACD just gave a buy signal on Dec 9, 2007. Technically speaking, it is a buy. Look at the chart below. See for yourself.
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