Highlights
KLSE: EVERGRN (5101)       EVERGREEN FIBREBOARD BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.405   +0.005 (1.25%)  0.40 - 0.405  1,213,500
Trade this stock for as low as 0.05% brokerage. Find out more.

Overview

Market Cap: 344 Million
NOSH: 848 Million
Avg Volume (4 weeks):949,717
4 Weeks Range:0.37 - 0.43
4 Weeks Price Volatility (%):
58.33%
52 Weeks Range:0.335 - 0.625
52 Weeks Price Volatility (%):
24.14%
Average Price Target: 0.43
Price Target Upside/Downside: +0.025
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  23-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  27-Feb-2019
T4Q P/E | EY: 9.18  |  10.89%
T4Q DY | Payout %: 3.41%  |  31.19%
T4Q NAPS | P/NAPS: 1.4092  |  0.29
T4Q NP Margin | ROE: 3.52%  |  3.14%

Headlines

Date Subject
23-Jan-2019 [转贴] [EVERGREEN FIBREBOARD BHD:随着该地区内新产能的推出,该行业的竞争继续加剧,预计在价格竞争加剧的情况下,经营环境将更具挑战性] - James的股票投资James Share Investing
26-Nov-2018 Evergreen Fibreboard - Weakness to Continue
15-Nov-2018 Wood Based Manufacturing - Survival of the Fittest
15-Nov-2018 Technical Analysis - Evergreen Fibreboard
24-Sep-2018 M+ Online Technical Focus - 24 Sep 2018
24-Sep-2018 Daily Market Update - 24 Sept 2018 (GCB, EVERGRN)
07-Sep-2018 [转贴] AGM游记(2018) —— EVERGRN - Easy Wong
27-Aug-2018 Evergreen Fibreboard - Earnings Decline Despite Revenue Growth
24-Aug-2018 [ EVERGREEN 业绩报告 ] - J4 Investment Capital
17-Aug-2018 Technical Analysis - Evergreen Fibreboard
15-Aug-2018 Daily Market Update - 15 Aug 2018 (MMSV, EVERGRN)
14-Aug-2018 [转贴] 长青纤维板 【EVERGREEN, 5101】否极泰来 - 雨文
23-Jul-2018 Technical Analysis - Evergreen Fibreboard
12-Jul-2018 [转贴] [EVERGREEN FIBREBOARD BHD,原木价格仍然处于高位] - James的股票投资James Share Investing
30-May-2018 Evergreen Fibreboard - 1Q18 results - Below expectation
17-May-2018 [转贴] [EVERGREEN FIBREBOARD BHD,原木供应价格继续保持高位] - James的股票投资James Share Investing
28-Feb-2018 Evergreen Fibreboard - FY17 results – In line

Business Background

Evergreen Fibreboard Bhd is a furnishing company based in Malaysia. It is one of the leading worldwide producers of quality engineered wood-based products consisting of Medium Density Fiberboard and Particleboard. It also has under its portfolio downstream products such as Paper, Veneer, Printed, Melamine Board Laminations, RTA Furniture, Sawn Rubberwood Timber, Biomass Wood Pallets and up-stream products like Resin and its own Rubber Trees Plantation. The company's manufacturing facilities are located primarily in Malaysia and in Thailand and Indonesia and it derives its revenue from the sale of medium density fiberboard and other wooden products predominantly in the United States.
Analyze this stock with MQ Trader system

  7 people like this.
 
Jeremy_Chew yup.. focus lumber is also another good counter, cash rich...

the good things i like about Evergreen are:
1) wood/timber related stocks have up-and-down cycles. It is almost (if not already) at the bottom of its down cycle now and the share price has hit the lowest in its history (first time hit below 40 sen)... it was lowest at 42 sen back in 2013/2014.

2) its net gearing ratio is improving from years to years. They used to have a lot capex to expand, but now they have almost invested the major capex that they need and I don't foresee a lot of $$$ will be injected for capex for the next couple of years.. their total debts have reduced. healthy debt/equity ratio.

3) it has a lot of tangible fixed assets. NTA is RM1.41, but share price is only RM0.395 now. NTA is 3.6x of its current share price.

4) Evergreen is the largest MDF producer in SEA. top 5 in Asia. And they recently expand heavily into diversification such as particleboards & RTA (Ready to Assemble furniture) which have higher profit margin than MDF. So even when market was poor, the small players will be wiped out first (just like what happened in 2011-2014) when economy was bad, many small MDF players closed shop. With that, total MDF supply in the market reduced and those players who still survived (Evergreen was one of them) came in to fill up the market demand. that 2015-2016 was great year for Evergreen. Again, bcoz this industry has a cycle. So just invest when everyone pulls out.. hold and wait... its peak will come back
03/12/2018 09:03
maxlee0508 @jeremy_chew bro.... ths ur sharing ya....
03/12/2018 12:16
slee 0.385 should be the support area...
06/12/2018 09:03
ccmeow Just bought some @ 0.395 to average, now my net purchased price is 0.46 . Still lost 0.07 .
Today , if go below 0.38 , I will buy few more to average , to 0.43 . It seems I have to keep this share for a long long time !
11/12/2018 02:10
slee 跌破了
17/12/2018 14:51
maxlee0508 @slee 兄弟。。很多股都跌破了。。跌的更凶大把。。我暂时放进冰箱了 。。等再低再加码。。哈哈哈。。
17/12/2018 16:33
mneo It seems like the stock will hit lower... If the market continue to be this weak... Year 2019 could be the bad year for bursa...
18/12/2018 09:36
mneo Another 8 point drop... Index stock also begin to show weakness.....
18/12/2018 11:43
mneo look at the bright side..Trump will not let Dow and Nasdaq keep dropping... the bad market will be over soon... :-)
18/12/2018 20:57
freddiehero wah very nice discount
18/12/2018 21:28
freddiehero another 0.20 ?
18/12/2018 21:29
necro kilang dkt johor dah bungkus, kilang dekat Nilai line 2 xda untung, sudah tutup, line 1 je tinggal,tahun dpn bulan 3 line 1 close shop..pindah Thailand...aiyooo berapa byk kilang mahu tutup tahun depan ini Malaysia?...
19/12/2018 12:12
mneo should implement share buyback ....
21/12/2018 00:34
moneykj Bottomed out
21/12/2018 15:34
omgimnoob What if Dow Jones dropped to 20000
21/12/2018 16:18
crash8593970308 geshen, mlab, evergrn, guh , bpuri, canone ,sycal, king of conman counter
21/12/2018 17:55
Limbeh where is that harry te*? tot he say hold long term can be fruitful one.. tot this is his selected stock pick wor during mid2017.. now the price, almost all lose 60%+...
21/12/2018 18:03
maxlee0508 @limbeh bro..... he macam cutloss long time oledi oo.... u got get wrong information mou...
21/12/2018 22:39
maxlee0508 @moneykj bro.... what u think.... price will jump more mar... im waiting drop more baru tambah.... market macam not stable... up 1 day drop 3 day...
21/12/2018 22:42
mneo just technical rebound lah.... going down also not everyday price goes lower.... bear also must rest sometime.... just long term outlook is bad... slow boiling frog mah....:-)
21/12/2018 23:17
alam Rafik I like it..its alway EVERGREEN for money...just go and with KING..ha ha
21/12/2018 23:18
maxlee0508 @mneo hahaha.... bear oso need to rest r.... keep jump too tired right
22/12/2018 00:31
mneo now the bear market is starting to show its power.... still cannot feel or see it ? I believe Mr Doom, CPTeh will be happy. His long waiting days is finally coming after shouting for Doom days for so many years.... I think he might continue to post Doom message every week...LOL..
22/12/2018 09:27
slee 还好,3天内站上支撑线,希望不是假的,来个超跌反弹吧!哈哈哈
23/12/2018 10:10
limweebeng 爛股
02/01/2019 11:49
necro today 8 senior staff kena buang...28/1 Nilai factory officially close shop...
03/01/2019 13:31
maxlee0508 @necro bro.... 8 senior staff kena buang include u r....
03/01/2019 15:33
commonsense Even though the company is currently trading at only 12 months trailing earnings of 8.4x PE, it might not be sustainable going forward especially with the drop of profit recorded in 3Q18. Given the expected higher cost of operation due to higher log, glue and labour cost, it is expected that the profit level will most likely remain at the 3Q18 level in FY19. To make it worst, the oversupply of particleboard has depressed the average selling price of the company’s products (which also had affected the profit margins). However please take not that 3Q18 positive result was mainly due to an investment income of RM10.1mil. If you were to exclude this, the company would have actually posted a loss for the quarter.

Assuming the market improve and the company managed to record an almost similar profit level of FY18 (core profits were better in 1Q and 2Q of the year. However, 2Q18 result has also a negative goodwill of RM8mil. Excluding that the PAT would have drop to around RM4 mil) of around RM20mil in FY19. This means at the current share price, the company will actually be trading at a forward PE of 14.3x. This is higher than the industry average of below 10x.

The company has a strong balance sheet with net gearing of only 9.5%. Currently the company is only trading at a PB valuation of 0.3x. It might be a very good candidate for those investors with long term investment horizon (more than 5 years).

If you are looking to diversify your portfolio outside of Evergreen Fibreboard (due to near term earnings uncertainties caused by weak particle board market), I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.2x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV and also the new Alza in 2H19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.

Good luck.
08/01/2019 12:19
moneykj Still want to wait 0.25 baru mahu masuk kah? Hahaha...
09/01/2019 21:57
maxlee0508 @moneykj bro.... apa macam... ll
10/01/2019 16:38
moneykj I share my 2019 stock pick:

$$$$$$$$$$$
Mr. Tan, my picks as below:

Johotin-20%
Dksh-15%
Lbalum-15%
Eatech-10%
Evergreen-10%
Notion-10%
Orion-10%
Ewein-10%

Tq
$$$$$$$$$$$$

Johotin, Eatech, Orion are ang pow counters.

Orion and Orion w is my multibaggers.
11/01/2019 21:56
ZhugeNemo Looking good
12/01/2019 18:49
BrahmaBull https://www.hmetro.com.my/mutakhir/2019/01/411582/syabu-dalam-treler?fbclid=IwAR2x8w5sSMI9kb4o4vHFzdezkNWEqYtfCVVOpyxjhxvvmk215gHY2WF0qcs
13/01/2019 20:37
slee 横盘着了,上一轮的确到达阻力。:)
18/01/2019 14:55
jackMaDe have a good feeling about this counter
22/01/2019 17:37
James Ng https://klse.i3investor.com/blogs/general/191190.jsp
[转贴] [EVERGREEN FIBREBOARD BHD:随着该地区内新产能的推出,该行业的竞争继续加剧,预计在价格竞争加剧的情况下,经营环境将更具挑战性] - James的股票投资James Share Investing
23/01/2019 13:35
slee 短期可出货了。
24/01/2019 11:08
limweebeng nevergreen
27/01/2019 11:06
limweebeng Useless management
29/01/2019 16:12
factorrumour can change name to everred... hahaha
30/01/2019 21:55
limweebeng Whole family is a con family.
01/02/2019 07:35
mneo Gong Xi Fa Cai....Happy CNY to everyone...:-)
06/02/2019 08:44
moneykj Why I look here look there Orion very similar to 1 stock king I in 2014:

1. No of share: both also about 600m
2. Start to goreng from 0.105
3. Both start after announcement of government link project. Both fintech. "I" doing GST collection software for government.
4. Cumulative 4 q earning after start goreng was 30m for "I". Cimb estimated Orion can come to highest 29m for 2019.
5. Both also start from weak results. "I" only 421k. Orion 1m.
6. Both also got pp.

One famous anei behind the rise of "I". I believe he also behind Orion......BV

"I" rose more than 1500%. How will Orion?
11/02/2019 16:04
limweebeng Big selling volume. Run run run.
12/02/2019 20:17
limweebeng Run while got chance
13/02/2019 14:03
bonbon It's not ever green but never green. Hahaha.. Anyhow, I think the bottom is here already, but now is still not the best time to rush in. There are so many better choices, why waste time on this nevergreen?
14/02/2019 16:58
limweebeng Banker got a lot of stocks to throw.
14/02/2019 17:03
bonbon Yes, it might up 1 or 2 cents. But it can't stay, after 1 or 2 days, it drops back to the bottom again. Really time wasting...
14/02/2019 17:03
bonbon But I won't throw it now if I'm holding this share, I really think the bottom is here or somewhere near. It's pointless to throw it now. Of course I won't buy it too, because don't know when will it come out of the bottom, don't want to waste time on it.
14/02/2019 17:14
ZhugeNemo Potential Dark Horse For Feb Reporting Season. Low profile upward consolidation. This week closing will be crucial
18/02/2019 07:59


FEATURED EVENT
 

623  227  472  532 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SAPNRG 0.325+0.015 
 SAPNRG-WA 0.105+0.005 
 HIBISCS 1.08+0.03 
 HSI-H4Y 0.18-0.05 
 ARMADA 0.225+0.01 
 VS 1.00+0.07 
 HSI-C3W 0.41+0.075 
 ECONBHD 0.51+0.035 
 HSI-H6F 0.395-0.055 
 MRCB 0.82+0.035 

SPONSORED POSTS

1. Investment Bloggers Day 2019 MQ Trader Announcement!
Partners & Brokers