^V^
Eksons is one of d cheapest stock in timber industry, EPS for year 07 = 30cts giving u PE of 6+ @ current price of 1.61, NTA 1.70 , even if its coming EPS fall below expectation (which I think is quite unlikely due to d strong demand from oversea mkt n 9 MP), EPS for year 06 = 19.24cts is good enough to maintains its PE below 10 ^V^ margin of safety ^V^
D short fall of Eksons, volume is thin n it is controlled by major shares holder, hence, I will only top up more if i see huge volume traded by Eksons ^V^
4 comments:
no doubt... its the cheapest... its in nett cash position altho its now trading x capital repayment... just tat its not flying n joining the bull run... wonder y...
timber price has drop a lot lately
trst
juicy, where did u find the information stating that the price of timber has dropped? care to share... from the ITTO report... its clearly showing that the price for log n plywood has been increasing since a while ago... just that the $ increment of log compared $ increment of plywood is not directly proportional thus surpressing their profit margin
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