皇冠‘guan’会‘hui’员手机管理端〖duan〗www.hg9988.vip)是 shi[一「yi」个开放皇“huang”冠会【hui】员手机管理端“duan”即时(shi)比分『fen』、皇「huang」冠网《wang》址代理“li”最新登录线路、皇冠网址会员{yuan}最新登录‘lu’线{xian}路、皇“huang”冠『guan』网址代『dai』理《li》APP下载《zai》、皇(huang)冠网址“zhi”会员APP下载、皇冠网 wang[址线《xian》路APP下【xia】载、皇“huang”冠网‘wang’址‘zhi’电『dian』脑『nao』版下『xia』载 zai[、皇【huang】冠{guan}网址手机〖ji〗版 ban[下载的《de》皇冠新现金网平台《tai》。

,Focus Lumber product

PETALING JAYA: Focus Lumber Bhd (FLB) is expected to sustain or record better quarter-on-quarter (q-o-q) earnings due to higher demand and average selling prices (ASP) for plywood.

The stronger US dollar will also help the wood product exporter overcome cost pressures arising from higher operational and material costs which are mainly denominated in ringgit, Hong Leong Investment Bank (HLIB) Research stated in a report yesterday.

HLIB Research noted the downstream timber company‘s first quarter results for financial year 2022 (1Q22) exceeded forecast despite the shipment delays due to congestion at US ports.

The research house anticipated Focus Lumber would report even stronger yields in the second quarter period.

“The group posted commendable 1Q22 results with a core net profit of RM7.4mil, which came in above our expectation. It accounted for 30% of our FY22 core net profit forecast mainly due to higher-than-expected realised ASPs,” HLIB Research noted in its report.

Following the disruption of the supply chain of timber due to the export ban of wood and forest products to western countries by Russia, Europe is now experiencing tight plywood supply.

HLIB Research projected this could benefit Focus Lumber as the United States, its main export market, is reportedly seeing a decline in sectors that use plywood as their inputs, namely in housing starts and recreational vehicle sales.

The research house also noted dampening of demand for timber in the US will impact Focus Lumber moderately given that US distributors want to build up their inventories to buoy over deteriorating supplies.

“We believe the impact to (the group) will be moderate in the near to medium term as the current tight plywood supply and worsening supply chain continue to incentivise US distributors to place orders in advance to build up inventory.

The group would be able to divert some of its US sales to Europe should the former slowdown,” stated HLIB Research.

Overall, the company is expected to see a positive outlook in plywood sales with the rise of inquiries from potential new customers from Europe and Asia to make up for the drop in orders from the US.

At present, HLIB Research said Focus Lumber has pending orders until the third quarter with locked-in plywood prices nearing a record high.

Given the rising demand for plywood is resulting in higher realised plywood prices, HLIB expects Focus Lumber will record stronger q-o-q earnings in the 2Q22.

“Going into 2Q22, we believe Focus Lumber will likely post stronger q-o-q earnings on the back of sustaining or slightly stronger gross profit margin; delayed revenue recognition from 1Q22, and higher plywood realised price amid rising geopolitical tension,” said HLIB Research.

Usdt自动充值接口声明:该文看法仅代表作者自己,与本平台无关。转载请注明:皇冠会员手机管理端(www.hg9988.vip)_Focus Lumber to gain from stronger greenback
发布评论

分享到:

皇冠足球投注平台(www.hg9988.vip)_出书启迪人心 跨界追求艺术 「速递之父」钟普洋 退而不休更精彩
1 条回复
  1. USDT法币交易(www.usdt8.vip)
    USDT法币交易(www.usdt8.vip)
    (2022-06-29 00:15:37) 1#

    The yen rebounded against the dollar, which took a beating after Thursday's surprise rate hike by the Swiss central bank. It stood around 132.40 JPY= per dollar in Asia on Friday.真不错,很有深度

发表评论

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。