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UPP
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wiltay
Master |
27-Aug-2020 14:19
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alot collect at cheaper.... price | ||||
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alvinlsm
Veteran |
27-Aug-2020 14:18
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drop so fast | ||||
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wiltay
Master |
27-Aug-2020 10:05
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quite strong support ard 305.... good start. this week and next will be good. seem minimum TP ard 43 | ||||
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Elf2000
Elite |
27-Aug-2020 10:03
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No strength leh look like more on profit taking...
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PQTPQK
Supreme |
27-Aug-2020 06:54
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Should be GAP up later | ||||
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Elf2000
Elite |
27-Aug-2020 06:37
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Lol, post wrongly paiseh paiseh😅
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Justice888
Supreme |
26-Aug-2020 21:54
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Really,?
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Superfast
Supreme |
26-Aug-2020 20:45
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The fair value only takes into consideration Avarga?s ?crown jewel?, the 70.8%-owned Canadian-listed building material distribution company ? Taiga Building Products. It does not include the value of the company?s paper manufacturing and power plant businesses,
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Superfast
Supreme |
26-Aug-2020 20:41
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Shhh...don't so loud....~
Gdluck n huat arr
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PQTPQK
Supreme |
26-Aug-2020 20:38
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wow in that case, it definaetly worth more than 0.50 cts!!!!
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RyantNg
Senior |
26-Aug-2020 20:18
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That' s why the surge in the price today. Current px still very cheap from 43 , 100% tomolo up surge expected. Congrats to those share holders Laugh to the bank liao |
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Elf2000
Elite |
26-Aug-2020 20:11
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Avarga's Taiga unit to post 3Q earnings of 78% q-o-q on higher lumber prices and strong demand: KGI Securities
Felicia Tan Published on Wed, Aug 26, 2020 / 11:08 AM GMT+8 / Updated 54 minutes ago
The Singapore research team at KGI Securities has given Avarga Limited a fair value of 43 cents in an unrated report dated August 26.
The fair value, which is deemed as the ?minimum? for the company, utilises a 10x FY20F price-to-earnings (P/E ratio), which is based on the company?s three-year historical average.
The fair value only takes into consideration Avarga?s ?crown jewel?, the 70.8%-owned Canadian-listed building material distribution company ? Taiga Building Products. It does not include the value of the company?s paper manufacturing and power plant businesses, which puts Avarga?s valuation ?on the conservative side?, says the team.
The team has also estimated Taiga?s 3Q20 earnings to jump 78% q-o-q on the back of higher lumber prices and strong demand in the Canada and US housing market, which has seen more people moving away from cities and towards suburban areas.
Taiga, which runs a business of distribution for lumber and other building materials, is benefitting from the all-time high lumber trading prices due to a shortage in supply and strong demand.
?The inventories of building materials, especially lumber has been substantially declining since April while the wholesale sales presented a V-shape rebound. What is happening in the lumber market in Canada now is similar to the meltblown fabric (main materials used in mask production) market in February and March in China when demand for masks surged and supplies failed to catch up,? noted the team.
As of August 25, the return year-to-date for the commodity has increased to over 100%.
?The increase in lumber price gives Taiga the ability to charge a higher mark-up on products, as well as earn extra gross profits from earlier inventory that was stocked at lower prices,? says the team, who believe the company?s earnings for the FY will be largely driven by Taiga?s 2H20 performance.
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Superfast
Supreme |
26-Aug-2020 20:11
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43c only count taiga profit only...
The other 2, not include in yet |
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Justice888
Supreme |
26-Aug-2020 20:09
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I tot is $0.43
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Elf2000
Elite |
26-Aug-2020 20:01
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53cts😱 😮 😁 now only 31cts... HOOT AH!
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Elf2000
Elite |
26-Aug-2020 19:59
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http://www.theedgesingapore.com/capital/brokers-calls/avargas-taiga-unit-post-3q-earnings-78-q-o-q-higher-lumber-prices-and-strong#.X0ZGUWV773Q
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RyantNg
Senior |
26-Aug-2020 19:34
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congrats to those still holding, tomorrow will gap up much higher Sit really tight! https://www.theedgesingapore.com/capital/brokers-calls/avargas-taiga-unit-post-3q-earnings-78-q-o-q-higher-lumber-prices-and-strong#.X0ZGUWV773Q.whatsapp |
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easywin
Supreme |
26-Aug-2020 19:07
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Now many have realized this counter with great potential and values more uptrend in next few days | ||||
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98mich98
Master |
26-Aug-2020 19:01
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Dont anyhow la. TP is 53 minimum from report.
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Superfast
Supreme |
26-Aug-2020 18:25
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Not 41 meh
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