Highlights
KLSE: HEVEA (5095)       HEVEABOARD BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.745   +0.025 (3.47%)  0.71 - 0.76  8,919,400
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IPO Info

Key Data:
General Retail Institutional
Offer Period
Opening - - -
Closing - - -
Price
Issue Price - - -
Par Value 0.000 - -
Units - - -
No of Shares
Public Issue - - -
Offer for Sale - - -
Private Placement - - -
Time Table
Allotment Date - - -
Listing Date - - -
Issuing House - - -
ISIN Code - - -
Prospectus:
PUBLIC ISSUE OF 15,040,000 NEW ORDINARY SHARES OF RM1.00 EACH IN HEVEABOARD BERHAD AN ISSUE PRICE OF RM2.00 PER SHARE PAYABLE IN FULL ON APPLICATION COMPRISING:

- 7,300,000 NEW ORDINARY SHARES OF RM1.00 EACH MADE AVAILABLE FOR APPLICATION BY BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY;

- 4,000,000 NEW ORDINARY SHARES OF RM1.00 EACH MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC, COMPANIES, SOCIETIES, CO-OPERATIVES AND INSTITUTIONS; AND

- 3,740,000 NEW ORDINARY SHARES OF RM1.00 EACH MADE AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF HEVEABOARD BERHAD AND ITS SUBSIDIARIES;

TOGETHER WITH 40,000,000 WARRANTS TO BE ALLOTTED AT NO CONSIDERATION TO ALL ENTITLED SHAREHOLDERS OF HEVEABOARD BERHAD AFTER THE PUBLIC ISSUE ON THE BASIS OF ONE (1) NEW WARRANT FOR EVERY TWO (2) ORDINARY SHARES HELD AS AT THE ENTITLEMENT DATE;

IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED AND PAID-UP ORDINARY SHARE CAPITAL OF HEVEABOARD BERHAD ON THE MAIN BOARD OF BURSA MALAYSIA SECURITIES BERHAD
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  37 people like this.
 
invest icon @incomegenerator Is that true?
21/10/2020 2:46 PM
john doe hahhaha
21/10/2020 3:17 PM
youngshouse24 Show the proof, please.
21/10/2020 5:42 PM
PlayStation Good write up about Heveagro, Mushroom distribution channel is in growing phases.

Positive news ahead (no need to worry at all) :-

-Confirmed better Sales volume ahead for both RTA & Particleboard in 2H.
Factories very bz.. bz.. running at full capacity..

-Q3 will return to profit for both segment. I foresee Mushroom segment will still in red due to marketing spending to increase distribution channel. Let wait & see whether Q4 can turn into profit segment or not.

Next be patient and wait for recovery of ASP and increasing orders from - US, Japan, South Korea, China & Others market.
23/10/2020 12:46 PM
Patrick13 Grab at 0.495.
30/10/2020 4:39 PM
wallstreetrookie Cepat buy. Furniture rallying soon
31/10/2020 4:38 PM
PlayStation UOB Kay Hian upgrades furniture, particleboard sectors to 'overweight'

https://www.theedgemarkets.com/article/uob-kay-hian-upgrades-furniture...

Apparently Hevea is still in cheap valuation as compared to its peer likes Vs Mieco due to its solid Balance Sheet & consistent dividend distribution. Not to mentioned Liihen, Poh Huat, Homeriz is already flying sky high to its previous valuation.

Positive news to Hevea :

- ParticleBoard segment will benefit from ASP hike & lower material price to lift margin
- RTA segment will benefit from increasing demand of Home Office Furniture (work from home) due to Zombie Virus
- Orders visibility remains good through to 1Q21

Hopefully Q3 result will exceed market expectations.

Expect valuation to rerate after Q3, PB x 1.0 is a matter of time due to strong earnings visibility until next year.
03/11/2020 2:53 PM
dompeilee Bought Hevea @ 49-49.5c
08/09/2020 9:21 AM

Uptrend INTACT. Breakout target = 60 =)
03/11/2020 4:06 PM
pinetree88 Bought at closing 0.55 clsoed at this yr high. Looks can go higher.
03/11/2020 5:25 PM
dompeilee 1st target reached, but uptrend STILL intact...next target = 66c =)
05/11/2020 2:58 PM
PlayStation ParticleBoard ASP hike 20-30% in Q4 certainly a big boost to ParticleBoard segment and recalled my earlier sharing in August :

Under amendment List Of P.U. look for P.U. (A) 231/2020.

Effective 17th October prohibition of import from All Countries for ParticleBoard/ChipBoard & FibreBoard.

#If M'sia custom start to enforce 100% above prohibition and completely not allow any import to local market. Then I believe the ASP will continue to remain strong in FY2021 and likely will continue to increase again due to strong demand of M'sia furniture especially coming from market abroad.

Short-term valuation PB x 1.0 = 74c due to strong orders from both ParticleBoard and RTA segments.
05/11/2020 5:35 PM
Victory99 I think Hevea should be able to perform as well as Pohuat and latitud.
06/11/2020 8:41 AM
BullishAllTheTime Wah...special mentioned on this furniture n wood segment in budget. An industry under focus now. Cant wait for monday...going up more
06/11/2020 6:43 PM
Kon Lim Chai Let us have a limit up!
06/11/2020 6:50 PM
Victory99 Slow and steady....
08/11/2020 10:51 AM
sense maker Hevea has RM105m net cash. If it’s net profit recovers to 1sen per share a quarter, it is well positioned to return to its previous dividend quantum of 1 sen per share a quarter. Even at RM1, it’s yield would still be high at 4% a year. Investors are chasing this twin upside of capital gain and high dividend now perhaps.
09/11/2020 9:21 AM
Patrick13 Pare down @ 0.655 to lock some profit 1st.
09/11/2020 11:06 AM
nich0las Huh! Long time no see, Hevea! How was mushroom business?
09/11/2020 11:09 AM
PlayStation 3 Particleboard players also edged up.. look likes PB biz will return to growth cycle..
09/11/2020 5:12 PM
martinking tomoro continue up, slow and steady
09/11/2020 5:38 PM
Kon Lim Chai Tomorrow limit up!
09/11/2020 6:33 PM
masterjackchui today tp 0.72
11/11/2020 10:21 AM
nich0las But it's not 0.72. aiseh..
11/11/2020 4:56 PM
Joyce126 Uptrend... should be more than 100 before Q result out.
11/11/2020 9:14 PM
OneSmallStep Sell all today...tough decision..but need money in hand as buffer for potential opportunities that might arise in the future...
11/11/2020 10:20 PM
flyingtomoon2020 Hevea gogogo
11/11/2020 10:21 PM
flyingtomoon2020 Post removed. Why?
11/11/2020 10:21 PM
wehcant Whatever goes up must come down eventually. It's only a matter of when.
13/11/2020 9:42 AM
BlackWhite Lost steam
13/11/2020 1:01 PM
BullishAllTheTime Still uptrend for many weeks already. Steady.. I wiil hold till next high of 90. Althought sold some for profit since my EP at 45
13/11/2020 1:47 PM
MYthenightmare wehcant, wronng channel, your comment suits gets better
16/11/2020 10:28 AM
sense maker Looking at Liihen’s results today, Hevea may post very good results too in this week or next. But many took profits off Hevea yesterday and today.
16/11/2020 6:36 PM
nich0las Ya ya, faster on boat! Everyone can fly~!
16/11/2020 6:47 PM
wehcant Whatever goes down must come up eventually. It's only a matter of when. This is how market forces work.
21/11/2020 11:01 AM
2225566 Why results not out yet ?
23/11/2020 4:46 PM
kasrim just.buy.. result sure awesome
25/11/2020 4:05 PM
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


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