top of page

Avarga Limited

Avarga is listed in Singapore and is primarily engaged in the wholesale distribution of building (lumber) products in Canada (~75% of revenues) and the US (~20%) – which contributes over 90% of sales and profits. It conducts this via its 71.8% equity interest in Taiga Building products (‘Taiga’) listed in Canada (valued at SG $193m at market).

It’s also engaged in manufacturing paper/packaging products in Malaysia (used for e-commerce), and electricity generation in Myanmar.

Looking at the consolidated financial statements, the group generated bumper sales and profits in the last twelve months due to exaggeratedly higher lumber prices that hovered over US $1,000/mbf (‘1000 board feet’). Lumber prices are currently below $600/mbf.

Want to read more?

Subscribe to to keep reading this exclusive post.

Recent Posts

See All

Elite Client Idea #80

CropEnergies AG ‘CE’ (Ticker: CE2; Price: €7.17/share) (Latest financials are for the quarter ended September 30th 2023; Year-end: December 31st) CE is a leading European producer of biofuels - used t

Elite Client Idea #69

Sanyo Industries, Ltd. ‘Sanyo’ (TSE Ticker: 5958; Price: ¥2139/share) (Latest financials are for the three months ending June 30th 2023; Year-end: March 31st) Sanyo is a small Japanese operator in the

Elite Client Idea #64

Watanabe Sato Co., Ltd. ‘Watanabe’ (TSE Ticker: 1807; Price: ¥2514/share) (Latest financials are for the quarter ending June 30th 2023; Year-end: March 31st) Watanabe is a relatively small Japan-based


Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.

Subscribe to Our Newsletter

Thanks for submitting!

bottom of page