Just a reminder, please watch out on Abric-W. It is going for free fall any time within next few days.

All furniture stock up. Any specific news or factor?

The free cash is accumulating very fast and would be reflected on share price eventually. At current level, have 50% upside potential and 10% down side risk.

Thanks

Net Cash Generated is important = Net Profit + Depreciation - Payment for Loan on Equipment
At current level, net cash generated per year at about RM40 Millions

Hevea have high debt level sometime ago but it is very healthy now.

Started buying few days ago.

For Q3, exchange losses at RM1m only, total Long Term Debt only RM67m with cash on hand RM30+m. Collection in US$ foe whole Q4 would add into exchange gain. Traditional good Q4. Hence, Q4 results would continue to be good or better than last year.

It is discounted price now.

The US$ loan should be reduced substantially by now. Last Q exchange losses at RM1m only. It depends on total debt in US$ against total sales in US$ percentage. Probably more gain than losses.

Thanks. The total long term borrowing at around RM67Millions. How much from this consisted of US$?

Anybody can advise how much Hevea's borrowing in US$? Would have exchange losses on borrowing but gain more on sales in US$.

In general, Malaysian market would be bearish in 2015. Exception could be for those that export majority in US$, using local raw material in RM with minimal Foreign currency's debt. Hevea probably can be one of those.

Saltedfish, I just came back from Japan as well. Looks like roller coaster (Down Mostly) for last two weeks when I was away.

Bought some today.

Please do not touch O&G. Unlimited downside now.

Buy some Hevea, Good price !

Cheap Cheap Mega Sales !!

Very conservative at year EPS RM0.30, PE at 7, you would still see RM2.10 by end February.

Good price to collect !!

For the 3Q, the RTA sector's profit stay flat due to Japan sales rather soft but particle board's profit improve tremendously. Q4 traditionally good Q and would be even better with this Q4, additional reasons compare to Q4, 13 are High US$ rate, Japan Taifon in October causing damages and lower interest payment.

Japan Q3 negative growth. Hevea's major market is Japan. May affect the sales hence profitability.

Really appreciate you can email me the info. Thanks a lot.

Saltedfish, if not convenient to mention in public. Could you please email me at tftey1@gmail.com Really appreciate your information.

It is nothing wrong to have different view. But, please illustrate your reason lah! If logical, would be with you !

What is the reasons?

Fair price is RM0.40 now.

Good Bye ! See you at RM0.40.

My 5s prediction. Worst case EPS would be same as last year at 6s. Better case would be similar or better than End June EPS at around 8s. Q4 end Dec would be exceptional good. Reasons--traditionally good Q, high US$, RTA sales increase, Debt is very low hence interest low. Even at 6s EPS for Q3, whole year should have no problem to exceed 30s EPS. Please voice your prediction and see who is closer.

Everyday have more profit. Just let the profit run continuously !! Why worry !! The result should be better than last year same Q. There are many positives !! Positives more than negatives !!

Very Good Article ! Highly Recommendated !!

Last Q interest only 0.6m compare to last year 6+ m. Saving on interest alone is about a million per quarter.

Very positive and good report on TheEdge today on Hevea. PE is only 5.8X stated.

Warrant would be better bet by percentage.

Just treat the whole thing simple ie after the offer which most probably won't be accepted by majority. Where would the PJ Dev's value next? remember 20% growth mentioned in profit for 2015 that would be about RM0.60 EPS. With that, how much PJ Dev worth?

The show is ON ! Last minute push. Would be Up and Up !

I sold all warrant last few weeks but pick up and double up the volume last week at lower price.

Taifon causing heavy damages to Japan last month have positive impact to Hevea

The debt amount should be rather small by now.

The other point to add is the EPS, profit and margin improving last few years

Last 4Q profit/Revenue at 31/403 or 7.7% margin and EPS at 33 cents per share

The Hevea's management survive the last 2008 crisis, and should learn from the mistake and better now.

The quarterly result should be good. Coming soon.

Your results only factor in until end of FY2013. First 2Q 2014's result is another big factor to consider as well.

Dow is still too high. Major economies continue to have bad news. Bear is here to stay. Keep more cash.

Can wait another one/two weeks

JB property is cooling very fast !! Some developer already on brake !!

Time to accumulate more.

Golden opportunity to buy. Cheap sales today.

Several other furniture stocks also surge !!