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29,222 comment(s). Last comment by PlayStation at Mar 2, 2021 10:02 AM
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wehcant
1110 posts

Posted by wehcant > Feb 25, 2021 5:53 PM | Report Abuse

Leave more goodies for next QR.


sense maker
580 posts

Posted by sense maker > Feb 25, 2021 5:58 PM | Report Abuse

Profits meet expectations but not dividends. Net cash was great and high at RM120m on 31 Dec 2020 but the controlling shareholder is so stingy as to give just 0.5sen or RM2.83m as dividend, again this quarter.


weida8877
31 posts

Posted by weida8877 > Feb 25, 2021 6:03 PM | Report Abuse

I took alots div fr hevea liao. Just buy more..


PlayStation
31 posts

Posted by PlayStation > Feb 25, 2021 7:14 PM | Report Abuse

FY20 Q4 met expectation considered sharp increased of shipping cost (2-3 times) in Q4 which might not be able to pass thru. to customers. If not 12mil not an issues at all.

Good decision la.. Hevea is prudent in paying out Dividend during pandemic periods for FY2020.

Excess free cash flows can always be used to invest in more automation and products innovation.

Mushroom biz (not bad) is seemed growing well even though during multiple state MCO, CMCO and A-Z MCO..

Awaiting engine to re-ignite (once Heveapac quarantine is lifted), Target Price PB x 1.10 = 0.76 x 1.10 = 84c.


sasword
836 posts

Posted by sasword > Feb 26, 2021 9:56 AM | Report Abuse

kedekut ass continue faces sell down and drops below 0.50


sense maker
580 posts

Posted by sense maker > Feb 26, 2021 3:31 PM | Report Abuse

Actually why is the production constrained by foreign workers when new plants are set up across Msia in other industries? Why is the company not expanding its production capacity? Keeping so much cash aside without expansion is not justifiable.

It boils down to uncertain demand and low margin? Is the management doing a good job especially on increasing sales and penetrating new markets or are they just going thru the motion everyday?

This AGM, these questions must be asked.


Kon Lim Chai
316 posts

Posted by Kon Lim Chai > Feb 27, 2021 4:41 AM | Report Abuse

In corporate finance, the objective is to maximise shareholders wealth. Wealth= mkt price x number of shares. Keeping excess cash and refusal to pay appropriate dividend has shaken confidence of shareholders. Banking stocks such maybk, pbbank are paying good dividends despite decline in profits. The mgt of Hevea...!!!!!?????


saltedfish
3270 posts

Posted by saltedfish > Feb 27, 2021 4:42 AM | Report Abuse

森工厂逾千人确诊 外劳宿舍“非人住的”

日前爆发1432人确诊2019冠状病毒病的芙蓉双溪芽笃某木制造业工厂,其厂内外劳宿舍被形容为“犹如不是人居住般” 的糟糕。

https://www.enanyang.my/node/387670


saltedfish
3270 posts

Posted by saltedfish > Feb 27, 2021 4:45 AM | Report Abuse

Hevea directors will be charged soon for providing foreign workers quarters “not fit for human dwelling”


PlayStation
31 posts

Posted by PlayStation > Feb 27, 2021 9:18 AM | Report Abuse

Shall be charged if Directors not doing a good jobs to provide proper foreign workers accommodation and facilities within the accommodation.

No big deal but a big lesson to HeveaBoard. Don't follow "Top Glove" track to ill-treat foreign workers.

Just used the profit made to improve the foreign workers accommodation condition and comply the law accordingly.

A good "Media" wake up call to the Management Of HeveaBoard.


wehcant
1110 posts

Posted by wehcant > Feb 27, 2021 9:25 AM | Report Abuse

Good use of leftover chips from its factory. Cradle-to-cradle business approach. Nothing shall go to waste, not even the waste itself!

PlayStation: Mushroom biz (not bad) is seemed growing well even though during multiple state MCO, CMCO and A-Z MCO..


sense maker
580 posts

Posted by sense maker > Feb 27, 2021 10:50 AM | Report Abuse

Koh Lim Chai, well said. For a company making latest quarterly eps of around RM0.18 on klse with huge net cash, this company is almost the lowest priced.


weirdvilante
34 posts

Posted by weirdvilante > Mar 1, 2021 11:32 AM | Report Abuse

why there is still selling pressure even with high QR result ? hmmmmm


nitetrader
114 posts

Posted by nitetrader > Mar 1, 2021 1:57 PM | Report Abuse

Good company. The payout div every year. Just that the news on 24th feb has caused the shakedown in price.


weirdvilante
34 posts

Posted by weirdvilante > Mar 1, 2021 4:50 PM | Report Abuse

at what support are you guys looking at ? 62cent ?


sense maker
580 posts

Posted by sense maker > Mar 1, 2021 5:23 PM | Report Abuse

At 62sen, dividend yield is 3.2%, pretty decent. Dividend upside to 3-4sen a year is there for FYE 2021 especially if net profits hold up above 1sen a quarter. The fear now is extension of Seremban factory closure beyond tomorrow, which will affect next quarter’s results more materially. 60-62sen look interesting a range to buy more.


Kon Lim Chai
316 posts

Posted by Kon Lim Chai > Mar 1, 2021 6:02 PM | Report Abuse

Why should i accept DY about 3.2 % when Tenaga offers more than double the yield? Remember Tenaga is in essential services with inelastic demand and a mkt monopoly. I regret did not switch all hevea to Tenaga last week.


sense maker
580 posts

Posted by sense maker > Mar 1, 2021 6:15 PM | Report Abuse

Genting maintained dividend amount even when there’s no biz at all, just to name one such company. The dividend decision of Hevea indeed destroys value. You can still switch out of hevea this week.


weirdvilante
34 posts

Posted by weirdvilante > Mar 1, 2021 6:20 PM | Report Abuse

when i check tenaga, the price when down after dividend ann. until ex-date then price climb back to its original price during dividen ann. date. Is it normal for price to move down after dividen ann. ?


PlayStation
31 posts

Posted by PlayStation > Mar 2, 2021 9:37 AM | Report Abuse

Dunno why ppl here keep on talking about Dividend and hold grudge on it..

Any tech stock pay a good dividend.. look at those tech stock's price..
Tech firm use profit to invest for growth.. So do HeveaBoard need to change..

The most important in Biz is always continue to invest for growth.. in which will reflect in share price eventually. Temporary bad news can be a good news to others..

What if Hevea going to invest in Glove Sector or Invest in fully automated furniture production line (to resolve foreign workers issue), Are you telling me the Dividend cut is a madness.

Free cash flows generated moving forwards is going to be very very attractive.

Many sectors can be explored with that kind of free cash flows, it is time HeveaBoard shall step forward to invest for growth. I am fully support. Ha.. ha..


sense maker
580 posts

Posted by sense maker > Mar 2, 2021 9:56 AM | Report Abuse

Shareholders want BOTH dividend as well as growth, needless to say, as its free cash flow and cash pile is more than enough for the dual purpose. Organic expansion and biz acquisition are both welcome.


PlayStation
31 posts

Posted by PlayStation > Mar 2, 2021 10:02 AM | Report Abuse

Waiting HeveaBoard announcement when Heveapac will resume its operations.

I hope no orders loss at all, in which Heveapac still can ramp up production later to recover the loss time and deliver in time.

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