UniFiber System   

UniFiber

brother 888max where are you? what u say on unifiber.

 

 

A potential giant ?

 

On my watch list ..... Deserve attention .....

 

The best one can do is  be prepared for both good news or bad news.once prepared its easier to take it.

 

Dun hold your breath too long. Cannot think clearly when out of air. Breath ez! Anyway today the counter performed reasonably well. Dead cat bounce? Maybe may not be. But watch 30.5 level for confirmation.

 

holding my breath for the financial report

 

Heading down of course ......... bond issued is not good at all....

 

Don't know where is unifiber heading--towards the sky,or under the earth.

 

Now that the 30 level is history we must look at the 26 mark. Fundamentally despite today's meltdown I dun think it will test 26 but let's watch.

 

Price heading south for most of the counters. Any major news that trigger the market??? Hope this Unif don fall further, Heart-attack ...

 

no bb interested or is bb no power

 

Don't play play hor .....

 

Re-accumulation mode hor .....

 

Exploding ?

 

Waiting patiently .....

 

Hope can reach my target of 40 cents .....

 

Truely yes this counter is good. But it will surely take time. Its like a baby plant will take time to grow into a tree and bear good fruits. Depends weather want to wait or move to other counters to make some$$$ and later return here again when the time is right.

 

What other counters do you recommend? Most of them have hit the roof. Do not understand what is there for Jade that caused it to shoot sky high. Please share.

Fully agree with you that this counter is like HG Metal, strong fundamentals, good financial performance, long list of projects on hand, but purely for long term investment.

 

888max, this is the frustration. you saw the price went up and then down again when the entire has cheong like crazy, and your counter is not moving. the current market is no longer "playing" on just fundamental, but others. you may want to consider selling partially and jump on to other boat before you miss all of them completely. just my 2c worth of thoughts.

 

They have already stopped depending on PT KK buyout and start building the new pulps mill plant.

Didn't you watch the news closely  ???

(JAKARTA) United Fiber System Ltd, a Singapore-based forestry company, said a hedge fund affiliate of Morgan Stanley has agreed to buy US$200 million of bonds and warrants, which will help the company build a pulp mill first planned in 2002.

United Fiber on July13 also agreed to sell US$25 million of bonds convertible into shares to the hedge fund, Hong Kong-based Abax Global Capital Ltd.

After the securities are converted into shares, Abax Global will own 4.4 per cent of United Fiber, the company said. Morgan Stanley owns a minority stake in Abax.

The proceeds may help United Fiber build the US$1 billion pulp mill in the Indonesian part of Borneo by 2010, eight years after it was planned. United Fiber had to delay constructing the plant because of a government move to cancel the company's right to use forest area for timber, and lack of funding. The Supreme Court stopped the government from cancelling the right in 2005.

'We are making sure that we get financing for our pulp mill,' United Fiber's finance director Choo Lye Heng said in an interview from Singapore on July13. 'This makes us very committed to raising funds for the mill.'

United Fiber expects the construction to start by the end of the year, Mr Choo said. China National Machinery & Equipment Import & Export Corp, which is building the plant, will fund 80 per cent of the mill.

The pulp mill, which will be run by United Fiber's subsidiary PT Marga Buana Bumi Mulia, will have a capacity to produce 600,000 tonnes of bleached hardwood kraft pulp annually.

United Fiber will sell the pulp produced in the Kalimantan mill to CellMark AB, the world's biggest pulp trading company, and China National Machinery, Mr Choo said. About 10 per cent of the production will be sold in Indonesia.

United Fiber and Abax are negotiating the terms of the bonds and warrants, the two companies said in a statement on July13. Lazard Asia Ltd is advising United Fiber. -- Bloomberg

 

 

 

It's coming to test 30 level. Looking at the relationship betw the red dot n big bro dun look too good man! Big bro can sign anything and dun count one leh! Now if their garmen can flipflop what about the bizman. They also will behave like their garmen right? So u think KK can go for a song without anybody KPKB? Their economi and stock mkt also booming and dun forget they also have oil and gold and copper and ....That's why I keep saying the management of Uni must stop dreaming and start doing the right thing - forget about KK and start the damn pulp mill project.

 

"How can you make money in timber? In some ways it seems easier to make solid profits in timber than in buying a big stock...While it?s extremely difficult for a large company to grow its earnings by 6%-8% a year, trees grow 6%-8% a year without even thinking about it."