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Whenever I hunt for Bursa timber/wood-based companies, I compare them with 2 reference companies where I have detailed analysis - Eksons and Taann. This will give me a quick assessment of whether to pursue further. In this context, over the past 11 years, there was only 1 year that Mieco ROE was better than that of Taann. Compared with Eksons, Mieco did better for 5 years. Not exactly an exciting track record. For details of Eksons visit i4value.asia
I am a long-term value investor holding onto stocks for 5 to 8 years. Cheap stocks are only available if the market is down and everyone thinks that it is the end of the world. So are you suggesting that it is the end of the world? If it is not the end of the world, are you suggesting that the furniture sector is a sunset sector? Of course you still have to figure out the better companies - those with the financial strengths to outlast the bad economic picture.
