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 www.analyzingbargainstocks.com to keep reading this exclusive post.

Subscribe Now

Recent Posts

See All

Reach plc (LSE Ticker: RCH; Price when published: £0.76) Reach (‘company’) is a UK newspaper and magazine publisher, which owns 130 brands and serves 25% of UK households. It owns prominent national b

Yachiyo Industry Co., Ltd. (TSE ticker: 7298; Price when published: 659 yen) Yachiyo (‘company’) manufactures automobile parts and is a subsidiary of Honda Motor Company, which holds a 50.5% stake. 90

Itec Corporation (TSE ticker: 9964; Price: 1518 yen) Itec (‘group’) is based in Japan and primarily manufactures steel products such as steel bars, plates, pipes, etc. (77% of FY22 revenues), and stee

Subscribe to Our Newsletter

Thanks for submitting!

bottom of page