Once break 2.00..zoom zoom

well, eps per Q might reach 10 cents, since the usd strengthened and towards the Christmas season....

Yes. Lets.....think of it. Insider would know of results 30 Sep. They would have sell down in October. We are now in November and still climbing?

slow climb to results then accelerate with results

People are ignorant that directors buying is a bad thing. Ist instinct of businessman is not to throw more at a bad investment and visa versa

non believers are lucky to get this price...quickly sell before results out

usually non believers will just sell, why bother broadcasting.....

non believers please sell......

tong nk recommended hevea.....

Not to mention somebody want to buy cheap.........

Directors buying....how can it be bad results? Sell if you are not confident

Super geared companies seldom survive as history has shown

Game over

I think it is heading for uncharted areas.....in reverse....lol

Then it crash.....

I still remember knm when it was the darling of klse

Could be a starting point for a crisis....including epf

If this sinks, it will drag most of the banks with it......

Don't catch a falling knife

Think news on project delay have filtered to the market

Double blow. Loans are in USD. Next stop 3.00. See if can support....

LONG suffering from depressed sales and margins, Malaysian furniture manufacturers are now enjoying a revival in fortunes, helped by a recovery in the key export markets, particularly the US and Japan, and an industry consolidation exercise that has seen the exit of smaller players.

HeveaBoard is one such company that has benefitted from the furniture industry’s revival, and offers investors an attractively priced exposure to the sector. The stock is trading at an attractive trailing 12-month P/E of 5.8 times and a low price-to-book ratio of 0.7 times. Its net gearing was 38.7% in 2013 with decreasing long-term borrowings.

The company manufactures a wide range of particleboard and particleboard-based products as well as downstream particleboard based Ready-to-Assemble furniture. Approximately 80-90% of its products are exported.

Despite the furniture industry’s cyclicality, Heveaboard has been profitable with fairly consistent earnings in recent years, except for a large dip in 2011 due to the weak US dollar then. In 2013, net profit surged 45% y-o-y to RM22.5 million, with an ROE of 10.2%.

With a strong recovery in the housing markets in the US and Japan, prospects for the furniture industry are looking more positive. US housing starts and permits fell in Aug 2014, but upward revisions to the prior month’s data suggested the housing market continued to gradually improve. Ground-breaking declined 14.4% to a seasonally adjusted annual 956,000-unit pace, but July’s starts were revised to show a 1.12-million unit rate, the highest level since November 2007.

The recent strengthening of the US dollar against the Ringgit would also be positive for Heveaboard, since its revenue is mainly USD-denominated and will improve the company’s export-competitiveness.

HeveaBoard_theedgemarkets



This article first appeared in The Edge Financial Daily, on November 7, 2014.

So high gearing , might be another renong debacle.......

Some of book orders will be delayed as the result of the oil price.......Might be worse

Might be different with the year end and CNY rally. Who knows, bonus issue?

Yeah. If results are good, affirmation for the entire year, 100% increase yoy

how many 100 of thousands you bought and at what price?

2.40 by end Nov 3.20 by end Jan

all aboard for the results train

Good dividends yield

If the oil price fall lower, they might not make any profits at all....heard bep of oil extraction is USD 80

Look at it this way, they did not bother to solidify the HOA, into an actual agreement. Like RC style..........:-)

bolinger closing run. possible double bottom

So why is Chen selling?

Results just be good

Bet it does not fall back to 2.70

4pm show?

stopper now in place....syndicate totally in control...waiting for people to sell at 2.88

syndicate throwing 1 share...see how low he wants to push it

beware HOA only.........

Goring story....no agm forthcoming?

Broke trendline

Chances high of canceling RTO. Director selling...

Time to be greedy

Nobody go into business with a 5 % margin....el loco

as Stan Lee would say, enough said!

look back who call buy during the meltdown.......

smartanddecent sound like a terribly wet blanket like slts....trying to make a quick buck

hammer formed. ST MA curving up...your choice

the syndicate would take it to a higher level to distribute