Highlights
KLSE: HEVEA (5095)       HEVEABOARD BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.64   -0.01 (1.54%)  0.635 - 0.655  913,600
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Change in Principal Officer

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  38 people like this.
 
wehcant WOW...awesome.
25/11/2020 4:39 PM
weida8877 QoQ 282%
25/11/2020 6:38 PM
weida8877 Declare 0.0050 div.
25/11/2020 6:39 PM
sense maker It now has RM110m net cash. With EPS 1.44sen a quarter and improving market conditions, it should be able to declare 1 sen dividend a quarter again soon. It is reasonable to expect the price to go up to RM0.90-1.00 especially if next quarterly results continue to improve.
25/11/2020 6:40 PM
PlayStation Q3 result was above expectation. Bravo.. bravo..

Market turnaround will continue to benefit Hevea for both PB & RTA segment.
Local plus Export Sales will continue to keep Hevea Bz..bz...

Q4 can expect exploded contribution from PB segment since ASP improved by another 20-30% and couple with increased in Plant utilization at 80-90% in which higher than Q3 at 70%.

My next short-term valuation before next Q4 result :

PB (0.74) x 1.30 = 96 cents, no surprise if it break RM1.00

Stay tune for year end closing price..
25/11/2020 7:42 PM
godhand based on pe15; 32m annual profit tp: 84c +-10%
25/11/2020 8:55 PM
sense maker This company has very low effective tax rate due to lots of previous unutulised tax losses, and has depreciation expense of RM28m a year, which far exceeds its capital expenditure of about RM8m a year. If it can make net profit after tax of RM32m a year for the next 4 quarters, its net cash profit after tax minus Capex would be RM52m, which would be available for it to declare dividend. Coupled with the RM110m net cash it already is sitting on, its prospect will be interesting for its shareholders. It can even declare 8sen dividend a year, which costs RM45.4m, if it really want to, without touching its existing cash pile.
25/11/2020 9:35 PM
Sean Eng Kwong Howe windfall tax?
26/11/2020 1:29 AM
Kon Lim Chai This is the best quarterly profit since 31/12/2017.
26/11/2020 7:42 AM
wehcant Best QR but price cannot go up.
26/11/2020 12:07 PM
sense maker Some sold on news and others wanna buy at lower prices. So it will ding dong loh.
26/11/2020 12:31 PM
PlayStation Relax.. just be patient.. allow market to adjust first.. QoQ will continue to shine..
Can not wait sell then pass to those who can wait and willing to reload more on weakness..

HLG also amended their TP from 48c to 83c now. Bcoz above expectation.
Ha.. ha.. my short-term valuation is better than IB. PB x 1.30 instead PB x 1.10 towards Q4.
Let wait and see whether Hevea will continue to beat expectation or not. I am very positive.

Evergreen highlighted higher ASP across the market. While Hevea highlighted company will continue to benefit from market turn around. So no worry, company will ensure its Fair Value to reflect in its share price accordingly.

Capex spending on automation shall continue in order to cut down heavy relying on foreign workers or Labour. And so far Hevea is on the right track to spend more on automation.
26/11/2020 2:07 PM
kkteng70 best will be at Next Q. Board price is keep increasing
26/11/2020 4:32 PM
kkteng70 volume come
27/11/2020 11:57 AM
Kang Yao external board sales is down due to higher internal sales to RTA division. and RTA division has higher margin than board.

thats great!

Most interesting is the mushroom, Last year qtr loss is -1.12mm, this qtr only -270k. the trend looks like will turn +ve in coming two qtr.
30/11/2020 2:26 PM
weida8877 Wtxxx? Mieco same price with hevea now!
01/12/2020 2:49 PM
PlayStation Hevea is still very far behind.. smoked by Mieco now..

Mieco took the lead in valuation - PB (0.59) x 1.35 = 80 cents of today closing

Hevea you got to work extra hard.. to catch up the valuation.. Don't lose out..
01/12/2020 5:52 PM
waorangsiam hmm... mungkin pasal eps and eps growth potential mieco lebih elok dari hevea. macam akan potong hevea
01/12/2020 6:38 PM
waorangsiam aiya, semua evergreen mieco hevea akan naik juga la, lebih sikit kurang sikit tak apa lo
01/12/2020 6:40 PM
sasword Downtrend just started engine.
07/12/2020 10:23 AM
PlayStation Volatile.. but will continue to retest its Valuation..
08/12/2020 4:30 PM
sasword Winter continues to strike this coun.
10/12/2020 4:59 PM
sasword Mati pucuk already, shift to evergreen better.
11/12/2020 5:00 PM
bluebayou Mieco pays zero dividend
15/12/2020 11:35 PM
surengwins Divergence
16/12/2020 3:13 PM
Kon Lim Chai Mkt seems to behave opposite to the valuation of HLb. When it valued price low, mkt price up and vice versa. For heavea to go up further, HLB needs to value price downward.
19/12/2020 9:15 AM
sense maker The price fell like kena COVID. Irrational.
21/12/2020 4:55 PM
Kon Lim Chai Fell and died!
21/12/2020 5:51 PM
Kon Lim Chai Ex dividend 0.5 sen and price drop 10 times 5 sen! Dare u wait for ex dividend next time?
21/12/2020 5:59 PM
sense maker The price level is getting attractive.
21/12/2020 9:13 PM
sense maker Price plunged from 83sen to 63sen, when its earnings per share is expected to reach close to 2sen a quarter, from which it can declare all as dividend given its RM100m plus net cash. It’s a no brainier to grab now.
23/12/2020 10:21 AM
papaxs green a bit today.. but not sure whether to buy, top up and average down or what. not sure whats going on with this counter
23/12/2020 5:01 PM
PlayStation Market is emotional drive. Panic sell (Emotional Seller) Vs Panic Buy (Value buyer)

likes @sense maker said no brainer to grab when below its Fair Value.

If you read Poh Huat latest report, its orders piled up till Jun/Jul21.

That means furniture sectors benefited from Work From Home trend = High demand of Furnitures

Furniture sector orders piled up = High demand of Particleboard will continue
24/12/2020 10:25 AM
papaxs go go heveaaaa~~~ woke up late this morning,,was planning to top up at opening price..but missed the train
24/12/2020 3:46 PM
Kon Lim Chai Results of Poh Huat provide an indication of 4th QR of Hevea
24/12/2020 7:13 PM
papaxs kemon hevea~~~
28/12/2020 3:16 PM
sense maker Ding dong again.
30/12/2020 10:38 AM
Titan Trading Channel Post removed. Why?
03/01/2021 9:27 PM
GordonWoo932 be patient..one major count completed..meanwhile stand aside.
04/01/2021 7:49 AM
PlayStation Bargaining price resurfaced again due to weakness on Index and some unfavor news.
05/01/2021 11:20 AM
sense maker The management also should increase dividend back to 1sen a quarter lah from next month announcement onwards, given the recovering profits. Otherwise investors will not buy this share with conviction.
05/01/2021 12:08 PM
PlayStation There is plenty of room for Dividend payout ratio moving forwards.

IF company performance improve to EPS 2c per Q.
Then I believe Hevea will continue its generous Dividend payout and will be in growing trend.
Although I prefer company can continue to invest for growth.

Last Q company allocated it for Capex investment to increase more adoption of automation (as per Q3 company invested RM6.1m in PPE) and reserved it for upcoming Solar Energy Generating System. Both initiatives will translate into increase in production efficiency and near future electricity cost savings. As I noticed Hevea entered JV with Salcon on Solar Power Purchase Agreements.

While market always emotional especially Traders, some might react on Index movement or unfavor news likes Japan might declare State Of Emergency again (in fact just like our CMCO doesn't affect import/export at all), new strain of virus and etc. So long it is temporary, nothing to worry too much

Hevea's book value at 74c and moving forward valuation at PB x 1.20 (ha.. ha.. my valuation after Q4). HLG current "Buy" called PB x 1.10 about 83c before Q4 result.
Just grab at discounted price = Boarding time and wait patiently at boarding area.

@sense maker your f'cast for Q4 result EPS 2c. Next month I hope it meet the market expectation close to EPS 2c. It might be slightly affected due to freight availability, can not ship out in Dec20 then will flow to Jan21.
06/01/2021 9:06 AM
facsc118 keep dropping no stoppage
06/01/2021 4:34 PM
sasword Keep blowing water sin ga lan, the price already proved that this counter has mati pucuk just like malai gov.
06/01/2021 5:08 PM
PlayStation Airport congested.. due to temporary negative news..
08/01/2021 11:43 AM
sense maker From the current price level, there’s a 50% upside. It makes sense to keep buying each time the price falls.
08/01/2021 12:48 PM
sense maker Everyday dropped from Monday to Friday this week.
08/01/2021 8:37 PM
WhiteWolf Seeing more and more Heveagro mushroom in supermarkets like Jaya Grocer etc. Hopefully will become revenue contender within 3 years. Buy and hold this baby!
17/01/2021 10:58 AM
Kon Lim Chai Today nanyang press give favorable coverage on furniture makers. Tomorrow sure up!
24/01/2021 11:32 AM
youngshouse24 https://www.klsescreener.com/v2/news/view/782121
25/01/2021 5:35 PM


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