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Moolah
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Posting #11: Fri Jul 28th, 2006 09:36 |
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HHC,
One thing I have learned from Eksons is that I am NOT good at cyclical investing. Too susah for me. :t11:
And oh.. you can buy at a given time based on cheap valuations but once the earnings cycle slows down, what is cheap, ain't cheap no more.
And.. never turn any speculation into a investment. :t11:
Btw.. that 0.90 to 1.20 up movement.. my interpretation was for the capital repayment thingy...and ironically if you check the u-turn downwards, it co-incides with the company announcing its plan to diversify into property.
:31;
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hhc1977
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Posting #12: Fri Jul 28th, 2006 10:32 |
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nm,
yalor, We have to have our time zone defined and executed clearly.
Maybe many of the funds manager only familar with other Sarawak timber stock like Taan, so that's why the lack of coverage. Or maybe they dont think Eksons is in niche of timber industry compared to Taan or subur.
Generalization maybe the problem.
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hhc1977
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Posting #13: Fri Jul 28th, 2006 10:46 |
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nm,
One quote in chinese
"短线变长线， 长线变贡献"
in english (almost)
"Short term becomes long term, long term becomes no return"
:22;
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Moolah
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Posting #14: Tue Feb 13th, 2007 13:01 |
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Eksons Corp. Bhd (9016.KU) - Malaysia
3rd quarter ended Dec. 31:
Figures are in Ringgit (MYR).
2006 2005
Revenue MYR62,061,000 MYR86,071,000
Pretax Profit 18,903,000 10,396,000
Net Profit 17,156,000 10,702,000
Earnings Per Share 10.45 Sen 6.52 Sen
Dividend Omitted Omitted
9 months ended Dec. 31:
Revenue 234,112,000 203,548,000
Pretax Profit 39,028,000 25,373,000
Net Profit 35,666,000 24,337,000
Earnings Per Share 21.72 Sen 14.82 Sen
Dividend Omitted Omitted |
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Moolah
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Posting #15: Tue Mar 13th, 2007 03:32 |
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Prop,
Here is Eksons historical table. Added in the ttm (trailing twelve months) numbers.
How?
As great as the bull in the timber prices, somehow it's not truly reflected in the plywood players such as Eksons.
Attachment: eksons.jpg (Downloaded 62 times)
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Moolah
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Posting #16: Tue Mar 13th, 2007 05:24 |
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Prop,
If you refer the first posting, ie back to Delphi days, that posting was made in Dec 2004.
Now, remember my focus of the plywood prices, used globalwood prices as the indicator. See now I noted that back in Globalwood Nov update, the 2.7mm plywood (which is Ekson loti and butter) was priced at USD355-360 region.
Prices now? http://www.globalwood.org/market1/aaw20070202a.htm
for comparison sake, the prices from the same website, shows that the average selling price for the Malaysian 2.7mm plywood is priced at USD484-506 region.
First thing first.. pricing lags a bit. And more so, the quarterly earnings report is for what the company earned the last 3 months, so again its lagging...
but...
no matter what... the prices for this 2.7mm plywood has zoomed a lot. You are talking from the 355-360 region to the 484-506 region.
how? Somehow Ekson is not translating this terror geng plywood prices into profits.
Reason? Ekson is just a manufacturer of thin plywoods. As timber prices soars, ekson raw material cost also increases. Hence, although Ekson does benefit from higher plywood prices, it's not really as 'meaty' as suggested. That's my thinking.
How?
What say you?
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prophet
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Posting #17: Tue Mar 13th, 2007 05:29 |
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issit the venture into property?
have to read their annual report which will be soon.
this is defo not acceptable....
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Moolah
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Posting #18: Tue Mar 13th, 2007 05:39 |
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| yes... it has an announced venture into the property biz... haven't see any updates on it yet.
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waikiat
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Posting #19: Fri Jun 1st, 2007 14:23 |
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well... looking good... capital repayment of 20c coming real soon...
Cash '06 v '05 : $71 million v $50 million
Borrowings '06 v '05 : $38 million v 21 million
EPS '06 v '05 : 30c v 19c
Profit Margin '06 v '05 : 16.6% v 11.5%
Revenue '06 v '05 : $329 million v $283 million
What do you think... this company is benefiting from the plywood price uptrend... revenue increase over 16% but profit up almost 50%... must be from the high selling prices!
:s8:
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Moolah
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Posting #20: Fri Jun 1st, 2007 16:07 |
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My dearest waikiat,
Eksons performance was really decent!
Rgds
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