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Wednesday, March 10, 2010

Timber industry on the move next ?!

Last year export fell 15% to RM19.4 B
Major market - US, Japan
- US housing starts increased 21% YOY to 591000 units in Jan10 compare to 1 mil in Jan08
- Japan fell 8% YOY to 64000 units in Jan10
- Euro environmental lobbyists cause limit timber imports ..

Source . ..... Malaysian Timber council's woodmart 2010 n HLG

Preview of major counters.....

FY11 E PE
Lingui - 20 x
J tiasa - 18 x
TA Ann - 11 x
WTK - 10 x

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