maybe in next week ...

TP 0.80

Let's wait and see .....

when effective ? .........

time to go in ...

coming soon ....

ZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzz.................

tengok dulu lah ..............

RUN ..........................

when you will run too ??

Coming soon ............

ZZZZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzz..................

Sleep & Dream counter !!

better fast ......

REPORT FROM CIMB

Conference call to address negative newsflow
Over the past week, the investor blog i3investor.com carried three negative allegations
against Heveaboard (Hevea) that resulted in a share price decline of 15%. We
organised a conference call between Managing Director, Yoong Hau Chun and
institutional clients this morning to address these concerns.

Non-payment of dividends
A civil suit was instituted by HeveaWood Industries (HW) (Hevea’s largest shareholder
with 27% stake) minority shareholders against the Yoong family for the non-payment of
dividends at HW. Hau Chun explained that HW was not in a position to pay dividends
from 2009-12 as Hevea’s financials were stretched following the collapse in the
particleboard industry. The high court have decided in favour of the defendant.

The Korean debacle
Another allegation was made that 700 containers of particleboard was held up for
Korean Customs in Oct 15 due to non-conformance of quality standards. Management
dismissed this as untrue. Korea had changed its orders from E2 boards to E1 boards. As
Korean E1 testing standards differed slightly, Hevea delayed shipment to Korea pending
clarification of its new testing standards. This issue has since been resolved.

Discrepancy in intercompany loan
The third allegation made was that Hevea “beautified” its accounts to hide an €890,000
inter-company loan made by HW to Hevea in 2005. The blog quoted discrepancies
between amounts owed by related parties to HW vs. the amount owing by Hevea to
related parties. Management explained that HW had made other inter-company loans to
other related parties in addition to Hevea and hence, the amounts would differ. All of
Hevea’s debts will be repaid by mid-2016, according to management.

Stick to the fundamentals
We felt that management addressed the issues very well and sensed that institutional
investors were comfortable with the explanations. We urge investors not to be distracted
by these ongoing non-fundamental and frivolous allegations. In our view, any share price
correction is an excellent opportunity to bottom fish as our earnings forecasts are
conservative (RM/USD of 4.0 vs. current spot rate of 4.4). A 1% depreciation of the
ringgit increases Hevea’s EPS by 7.5%. Maintain Add.

DOWN .........................

Just like WATER FALL movie in here...

ALL TRUE !

just simple because of GORENG & GORENG

why not wait until 0.15?

Ya ....

i'm seeing maybe in next year (2016) Dec not this year (2015) end .... still time to wait ....

NORMAL LAR ....

BURSA just help to issue UMA in minutes ago ....

Others is at your own .....

hahaha .... sharp drop also kena UMA ..... ?????

because XOX more weaker then CSL mah ...

Finally XOX is close to drain again.....

Yes .... agreed ...

it's time to accumulate more now : )

someone is waiting there ...

ppl go to instaco now

Good let's do it

Will warrant also entitle for the dividend in this case ?

Show Time from XOX ...

why FINAL CALL .... ?

logically yes, but subject to how good the market / investors will support the price to stay at or to increase... that really depend ...

XOX back to active list ...

most is only RM 4.05

?????

this counter really good for short term invest ????

it's still not moving today ...

UMA will not come so fast one ...

let's countdown now ....

still got 25 days to go in Nov'15.

0.9 maybe not today ....

moving slow slow ....

.......... ( * " ) ......... low active counter ..... ZZzzzzzz ....

it's sleeping again ?

still not really want to move now ?

when can hit 1.8 ?

will today shooting high @ 3.8 ?