abg boon got see LCTH? Mintak tolong can?

From the latest Q notes, PBT increased by 2.7mil QoQ largely due to improved profit and forex.

Looking at section B10, forex gain increased by 3mil QoQ. Other items in B10 remained the same for both qtrs.

But comparing QoQ income statement:
1. Lower revenue in latest Q but same gross profit (margin improved from 18% to 22%)
2. Other Income remains the same
3. Selling and Admin Expenses reduced by 2.4mil

I'm not sure where the forex gain is reflected in income statement. I would think that it should be under Other Income, but now it seems like it is reflected under Selling and Admin Expenses which doesn't make sense?

This post has been edited by cooldownguy86: Nov 13 2015, 11:39 PM

First Res latest Q sales worse than I expected. I expected 42mil profit but actual only 33mil. Revised my estimation:

FY15 profit estimate = 3Q Profit + (Q4 estimated sales * CPO increase - Q4 estimated Cost) * 1.4
= 30 + 30 + 33 + (100*1.2 - 70) = 143m
i.e. EPS USD 9.4ents or SGD 13.2cents. Assuming PE11, fair value is SGD $1.45

FY16 profit estimate = (FY15 estimated sales * CPO increase - FY15 Estimated Cost) * Growth
= (400 * 1.2 - 280) * 1.05 = 200m i.e. EPS SGD 18.4cents. Assuming PE11, fair value is SGD $2.00 (CPO at 2.4k)
= (400 * 1.1 - 280) * 1.05 = 168m i.e. EPS SGD 15.4cents. Assuming PE11, fair value is SGD $1.70 (CPO at 2.2k)

This post has been edited by cooldownguy86: Nov 17 2015, 12:23 AM

abg boon your hevea no look back liao. 1.60 reli lai liao

Timber sales -21% but PBT can still +42% coz price +29% in RM terms mak oii. I dunno how to play this one political link and not sure if timber price can sustain. If can then RM6 will mari. Can't find any updated source of local timber price on the internet either.

This post has been edited by cooldownguy86: Nov 17 2015, 10:36 PM

hevea vs flbhd latest Q
net margin - 15% vs 23%
forex - 1.5mil (7%) loss vs 4mil (34%) gain
annualised latest EPS - 18.5 vs 37.4
potential upside - 36% vs 53%

apa macam abg boon?

but of coz hevea got at least 10% institution ownership plus mr. koon and coldeye also own it

This post has been edited by cooldownguy86: Nov 18 2015, 12:36 AM

See only but never buy :/

Ah pohuat like very lonely hehe

I ok one. Everyone has own style and opinion just embrace the diversity

This post has been edited by cooldownguy86: Nov 18 2015, 10:19 AM

Haha but this year performance is just enough to cover ringgit depreciation only. Made many bad decisions in the 1h of the year :/

Your tin man can return to 10% margin ah? Rm4+ leh

Tsh 71mil forex loss. Gg

CIMB TP RM2 leh

https://42.156.32.166/cgi-bin/getReport.py?...4d-9effb12415aa

Market so optimistic forex loss 71mil only punish by - 3%

Interesting myr surging

Hoping for temporary weakness hehe

Now hoping for 1.50!

ah can reli can... watch show again

Haha I'm not sure if this is sarcasm or not

Laba buto.... Everytime i read their accounts I'll have a good laugh haha

Haha word of wisdom!

ah tin man gg. kesm macam boleh wor? RM9.60? hehe sorry ah i reli very gatal one.

This post has been edited by cooldownguy86: Nov 24 2015, 11:32 PM

your F&B punya ah moi also manyak hebat wor