FLBHD

FLBHD

Controlled by typical Taiwanese, which payout high dividend. Manufacturing of plywood, veneers and other related products.

NOSH: 103,200,000 shares.

Exporting products (US 67%, Taiwan 12%, South Korea 9.5%, Malaysia 7.4%, others 4.8%)


Net assets per share of RM1.37, low gearing low liabilities.






Cash & securities in increasing to a very safe position. Start giving 6 sen as dividend from year of 2011, that time the price was 0.60 (10% dividend yield)

Beginning Nov 2013, the company's share price spiked from 70 sen to reach all time high of RM1.50 in July 2014.

Risk: Is lumber was a sunset type of business? FLBHD doesn't own timber concession, supplied mainly from Sabah. Labour cost or labour shortage.

Chance: Since it's product was exporting, it's sensitive to currency exchange. Weak RM will boast it's profit margin up to 15 to 20%.

Price: RM1.28.