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Can Ng
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Can Ng
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revenue +53% qoq
selling price +26% qoq
revenue +21% yoy
selling price + 50% yoy
financial year 2021 total bagi 5 sen + 3 sen = 8 sen
*selling price historical high
*usa demand still high
*production + 30%
butstate government cancel log export ban since 3/1/2022
*but preference for local. mills & log export capped at 20%
*low cost of production per m3
*high demand
*high selling price
operating profit from 2020 ( 11. 131m) turn around to 2021 +18.02m
due to impaired log advances of 1. 68m
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