BE SMART AND DOMINAN !!!! INVEST DOMINAN ON UNDERVALUED POSITION

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Looking for the next trend play in Bursa Malaysia? No need to look further, neither left or right, east or west. The trend that is in play and will continue for a while will be the furniture theme play. But not all furniture player are going to benefit from this Work From Home, only a certain player stand out to benefit more.

Hence, I would like to point out to the FURNITURE HUB of MALAYSIA, that is in MUAR, JOHOR. This is the place where all the popular and branded furniture maker gather together, where raw material, skill worker are centered in a location.

According to data, the furniture export from MUAR, JOHOR represent 50% of the whole Malaysia. That is a very commendable figure to say.

The current COVID-19 situation had created a new market - WORK FROM HOME. This new opportunity is currently having a big void to be filled up for most of the exporting furniture player in MUAR.

The EDGE - Local Furniture players get a boost from WORK FROM HOME POLICY from the US.

https://www.theedgemarkets.com/article/local-furniture-players-get-boost-wfh-policy-us

According to the report, furniture maker in MUAR stand to benefit from US 2 trillion (RM 8.3 trillion) stimulus cash hand out.

So, how are furniture player in MUAR performing in terms of share price? .

POHUAT - REBOUNDED HIGHER FROM THE SELL DOWN DURING LOCKDOWN

WEGMANS - REBOUNDED HIGHER FROM LOCKDOWN SELL OFF

LIIHEN - REBOUNDED HIGHER FROM LOCKDOWN SELL OFF

SWSCAP - REBOUNDED WITH GOOD UPTREND

WHEN MOST OF THE FURNITURE MAKER IN MUAR ARE HAVING THRIVING BUSINESS, HOW ABOUT THE SUPPLIER FOR FURNITURE MAKER ????

I WANT TO INTRODUCE TO YOU - DOMINAN 7169

LESS KNOWN TO MOST, BUT THIS WOOD PANEL / PLYWOOD SUPPLIER TO FURNITURE MAKER IN MUAR AND VIETNAM IS UNDERLOOKED

HOWEVER, THE POTENTIAL TO REBOUND BACK TO IT'S NORM SHOULD NOT BE FAR AWAY AS DOMINAN IS A GOOD FUNDAMENTAL COMPANY, PAY DIVIDEND FEW TIME EVERY YEAR, NTA RM 1.80 AND WELL MANAGED WITH GOOD OWNERS.

DOMINAN STAND TO BENEFIT FROM

1. STRONG ORDER FROM FURNITURE MAKER AT MUAR

2. BETTER PRICING IN WOOD MATERIAL

3. LOWER INTEREST RATE WILL BENEFIT THE OUTSTANDING LOAN TAKEN BY DOMINAN

CURRENT PRICE CHART WILL SEE DOMINAN IS READY TO BREAK OUT FROM THE LOW PRICE RANGE, CONSOLIDATION ALREADY MAX OUT AND READY TO GO UP

DOMINAN

https://www.dominant.com.my/

DOMINAN PROMOTED IN TELEGRAM DURING 68 cents to 70 cents. CURRENT 72 cents. Looking at DOMINAN to reach RM 1.00

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BTM RESOURCES BHD CONFIRMED UPTREND.. SHAREHOLDER ALSO INDICATE CONFIRMED UPTREND

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BTM RESOURCES BERHAD, A NORTHERN REGION TIMBER PLAYER DIVERSIFYING INTO RENEWABLE ENERGY COULD BE ATTRACTIVE TARGET FOR INVESTOR EYEING TO INVEST INTO THE CONCESSION AT THE CURRENT PRICE.

BTM RESOURCES BACKGROUND

BTM Resources Berhad ("BTM") was incorporated in Malaysia on 10th June 1994 as a public limited company under the Companies Act, 1965. BTM is listed on 27th March 1996 on the Main Market of the Bursa Malaysia.

The principal activity of BTM is that of investment holding and provision of management services while its subsidiary companies are involved in logging, sawmilling, trading of sawn timber, logs and plywood, kiln-drying operations, timber moulding, manufacturing of finger jointed timber and lamination boards, and letting of plant and machineries.

RECENT DEVELOPMENT

BTM TO SELL ENERGY TO TNB FOR 21 YEARS, COMMENCING NO LATER THAN JANUARY 2023. THE CAPACITY IS 10MW, WITH A FIXED RATE OF 34.86 cent PER kWH FOR 21 YEARS.

https://www.nst.com.my/business/2020/07/605491/btm-sell-power-tnb-21-years

While things are still fresh, there are a lot of background work which is already going on.

Firstly is private placement of 10% which is approved.

Secondly, there is a new entry of shareholder which is very bullish on BTM to be CONFIRMED UPTREND

DATUK WOO THIN CHOY 4.45% acquisition via CONFIRMED UPTREND SDN BHD. This company name already giving hint :D

Now that the KLSE MOST PROLIFIC COMPANY, TOPGLOVE, already announce outstanding QR, i believe the shift of trend will be coming towards PLANTATION AND TIMBER INDUSTRY next week

The chart is showing good consolidation effort around 20 cents. Trend like is looking good with uptrend effort able to see BTM trading 25 cents for next spike.

Market talks are looking at BTM probably eyeing for fresh concession from TERENGGANU STATE GOVERNMENT for fresh timber concession. If BTM is able to secure more land for INDUSTRIAL TIMBER PLANTATION, then BTM will be very attractive moving forward.

The INDUSTRIAL TIMBER PLANTATION CONCESSION will be used to feed in fuel for the 10MW BIOMASS ENERGY PLANT.

MARKET OBSERVER ARE POSITIVE BTM WILL BE ABLE TO GET 3000 TO 6000 ACRE OF LAND FOR INDUSTRIAL TIMBER PLANTATION, FROM A MIXED OF PRIVATE JOINT VENTURE AND STATE GOVERNMENT LEASE LAND.

With just a market capitalization of RM 27 million, there are much space for BTM to explore upwards

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EKSONS INVENTORY VALUE WRITE DOWN OF RM 11.7MILLION IS A BLESSING IN DISGUISE NOW

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Lumber price continue to sky rocket without stopping. These event will be turning into a golden opportunity to a lot of timber/lumber company that had been sleeping for so many years. The current spot rate had gone as high as USD 857 per 1000 bd ft. This is the highest in history on lumber prices had gone up.

A lot of timber company are worth looking at with the surging price of lumber not looking to back off until at least reaching USD 1000

My attention is towards a undervalued company - Eksons Corporation Bhd 9016, a plywood mill at Sabah which export to international market, especially Japan, Europe and US.

This company recently reported a huge losses on FYE 2020 for March 2020. One of the biggest reason is the inventory valuation at the current market price during March 2020, which is at the worst of pricing. The inventory write down RM 11.7 million due to spot price plunged below USD 300 per 1000 bd ft. This resulted in company announcing a loss of 25.6 cent per share despite higher sales revenue from timber division.

The explanation note stated on 2.5 million from property impairment and RM 11.7 million from inventory value write down. 

Here is the ending spot rate for March 2020 of lumber futures. According to the delivery spot rate for LUMBER FUTURE AT MARCH 2020 is USD 276 only!!!! That is the reason for RM 11.7 million write down on inventory value.

However, the current spot price for the LUMBER FUTURE is USD 857. That is an increase of USD 581, or increase of 310% from the MARCH 2020 low point

Based on the current impairment done on EKSONS inventory, now all the TIMBER INVENTORY at EKSONS will be carrying value at 276, but current spot price of more than 800 will be giving EKSONS a very good profitable margin in the coming QR for November.

EKSONS NTA is RM 2.40, current share price RM 0.645.

NET CASH position RM 175.963 million

NET CASH PER SHARE = RM 1.07 net cash per share

How much can EKSONS share price move in the coming future?

Short term looking at RM 0.80

Mid/Long term looking RM 1.20

Above information are just for your reading resource and not a guideline to buy sell or trade.

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WTK RIDING HIGH WITH THE ALL TIME HIGH LUMBER PRICE, BACK WITH UPRISING FCPO PRICE

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Today want to introduce a stock which is overlooked, due to the market attention that is all focus on gloves, vaccine, gold primarily. Malaysia is a diverse market, not only good in gloves, vaccines and gold. There are other important commodities that Malaysia export to such as Palm Oil, Timber/Lumber.

The retail perception of these timber / lumber commodity is that during the MCO lockdown, demand of such goods will fall. Surprisingly, the demand for LUMBER had sky rocketed into all time high (highest in the history) as the lock down force US/EUROPE citizen at home, they are looking into renovating their own house, and doing up repairs that are needed.

This had put up a surprising demand from the lumber operator, where most lumber operator thought demand will not be good, hence reducing output.

The situation now is high demand and low supply, pushing LUMBER FUTURES to all time high in history

So, what can this mean for lumberjack operator in Malaysia?

In Malaysia, those involved prominent ones that are involved in lumber chopping are FLBHD, WTK, SUBUR, JTIASA. 

WHY I CHOOSE WTK ?

Of all, the company with most liquidity is WTK - 4243. That is the reason WTK will perform better than the rest due to availability of liquidity for investor.

At the current market, investor/trader/IB will prefer to trade on company with liquidity. Although FLBHD is going to benefit, but the liquidity of shares will shy away big investor.

WHY WTK CAN BENEFIT IN A DOUBLE KILL MANNER?

There are a few operation under WTK, namely LUMBER, PALM OIL, MANUFACTURING OF TAPES.

Of all, revenue is 70% from LUMBER, 15 to 20% from PALM OIL, and the rest at manufacturing.

The drastic increase in LUMBER LOG price will give WTK a JACKPOT WINDFALL towards it's existing stock pile inventory.

Another benefit that WTK is getting is improving FCPO prices. FCPO predict to hit above RM 3000

As you can see, during crisis time, different country will want to stock up their important supplies. India is going to continue purchasing palm oil, europe as well and China. All these will be pushing CPO towards 3000 and beyond.

WTK CHART STRONG BREAKOUT WITH POSITIVE VOLUME

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WTK recommended at 11th AUGUST 2020 at baseline price.

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