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A BULLISH report on the timber sector by CLSA stirred much interest in the large timber stocks last week.
The proposed disposal of Lion Forest Industries Bhd's (LionFIB)'s forest assets is expected to result in a significant payoff for its shareholders in the form of capital repayment or special dividends. This is widely anticipated by its minority shareholders.
Shares in Lion Forest Industries Bhd (LionFIB) tumbled 11.28% yesterday, shedding 44 sen to RM3.46 as investors sold down the stock on concerns that the company would lose its major earnings provider Sabah Forest Industries Sdn Bhd (SFI), dealers said.