This stockraider argued based on HOPE that Evergreen would do better soon is similar to drop few coins into the wishing well pond. Maybe he has to seek more superstition beliefs than any business acumen nowadays if he's ever had such. Oops...what about the stock flopped still in downtrend instead of uptrend?

There are more risks, threats and weaknesses combined that outweighed the strengths if there are any noteworthy ones. The last time this poser gang of losers argued loudly that Evergreen's balance sheet is strong and blah and bleh but the outcomes matched more as to what I've analysed and predicted. Just the deteriorating balance sheet alone is a good testimony.

U just look at 1MDB saga and see how all the well-fed ministers keep defending the accused. That is exactly the same as this Evergreen's case. LMAO

Only the most stupid people will believe all those "DEEPLY STUCK & CONMAN-CUM-SALESMAN" who will tirelessly defend the notion that Evergreen is a value buy but in actuality, it is not the case.

A COMPANY's SHARE PRICE WILL ONLY START TO MOVE INTO AN UPTREND IF IT's FUNDAMENTALS START TO SHOW SIGN OF IMPROVEMENT BUT AT THIS POINT, EVERGREEN IS IN THE TRUE STATE OF DETERIORATION NOT ONLY THE BADLY DEGRADING BALANCE SHEETS & DESCENDING EARNINGS/MARGINS BUT ALSO THE REAL OPERATIONAL RISKS ARE AT STAKE.

Evergreen's own backyard is in a mess:

1) Falling profit margins to currently only 4.2%
2) Swelled up debts (RM 267.054 millions) highest among all its peers
3) Its key export market Middle East (>40% of annual revenues) is in jeopardy
4) Now the latest effective ban of rubberwood from Malaysia will pose a threat of production to its overseas plants

You really need to be a blinded lionheart to shout out that it is a good investment. Too many risky points and real threats. I wonder how those salesman can continue to defend it when the share price truly collapsed to current state. Worth a laugh.

If you cross-referencing what had actually happened to the recently and currently wood log supply situations, there are many published news regarding the supply log rubberwood/other-woods raw materials disruption not only in Malaysia but also in Indonesia and Thailand. Just Google it!

The most at risks are those manufacturers such as Evergreen which have production plants outside of Malaysia since NO WOOD LOG SUPPLIES WILL EVER COME FROM MALAYSIA AS LONG THE EXPORT BAN PERSISTS. This inherently caused those production plants located in THAILAND, INDONESIA, VIETNAM and other foreign locations to have LOST ANOTHER IMPORT LIFELINE OF WOOD LOG SUPPLY FROM MALAYSIA. This is an OBVIOUS and IMPACTFUL RISK to its OPERATIONAL PRODUCTIONS.

Due to the flooding and raining season which naturally disrupted the supply of raw materials for wood-based products manufacturers, the prices of such timber raw materials either mainly found in Malaysia/Indonesia/Thailand will remain pricey and upwardly expensive.

The recent announcement by the Malaysia government to BAN all Rubberwood exports is definitely a boost for local manufacturers BUT ALSO POSES A THREAT TO THOSE LOCAL MANUFACTURERS WHICH HAVE PRODUCTION PLANTS IN OVERSEAS.

Only a selected few key industry players may have speculated the seriousness of the implications of such eventful ban on rubberwood from Malaysia. I believe most smart and serious investors have already know what will most likely happen to those local wood-based product manufacturers' production and earnings going forward!

Have a good read on the following few paragraphs taken out directly from Evergreen's Annual Report 2016 as published on 25 April 2017:


Operational risk

The Group’s operational risk is seen in the supply of wood which is the main raw material of our core products and can be affected by the monsoon weather. During this season, plantations or concession areas are at times flooded and this can affect the clearing works of such areas being delayed for a period of time.

Due to these reasons, the supply of raw material to most of our operation sites can be partially disrupted similar to what was encountered in the 4Q 2016 whereby this situation carried through to even the first quarter of 2017. During this period, some of our plant’s raw material supply was badly affected and was actually forced to reduce the production speed for a period of time. It is an inherent risk faced by all wood based manufacturers and the Group can only minimize the impact during this periods / season by having additional storage areas but cannot eliminate this risk.

Another operational risk was seen in employment of foreign workers and the changes in some government policies on foreign workers intake with more favorable terms and conditions for employment. These changes have caused shortages of workers in our production floor, which led to higher overtime cost and eventually caused a drop in our productivity and profit margins.

To control and eventually eliminate this risk, automation is the way forward but it will require a period of time which the Group is seriously looking into it.

Sorry I corrected few words and re-posted.

To see far enough, you don't need a sharp vision but with the good wisdom.

Almost everyone would intuitively think that yesterday's news regarding the Malaysian government move to ban the basic furniture-making raw materials Rubberwood exports effective 01-July-2017 to be positive. Ban is effective tomorrow:

http://www.dailyexpress.com.my/news.cfm?NewsID=118561

NOT ALL WOOD-BASED PRODUCTS MANUFACTURERS OR FURNITURE-MAKERS WILL BENEFIT FROM IT. DO U KNOW WHY I SAID SO? BECAUSE SOME OF THE MANUFACTURERS HAVE PRODUCTION FACTORIES LOCATED IN ANOTHER COUNTRIES and RELYING ON RAW MATERIALS TO BE EXPORTED FROM MALAYSIA TO THEIR PRODUCTION PLANTS LOCATED IN THOSE COUNTRIES.

Unlike many of its competitors or peers, Evergreen has 3 MAIN PRODUCTION PLANTS IN THE FOLLOWING COUNTRIES with MAJOR REVENUES CONTRIBUTIONS as the following:

Revenues from each production locations (FY 2016)
MALAYSIA FACTORY: RM 681,556,624
THAILAND FACTORY: RM 444,515,817
INDONESIA FACTORY: RM 85,297,890

For references, go to page 127 of Evergreen's Annual Report 2016 here:
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=179833&name=EA_DS_ATTACHMENTS


It was reported on TheEdge dated May 23, 2017 that reads:

"The decline was mainly attributable to its Thailand operation, where log supplies were disrupted by floods in Southern Thailand resulting in higher raw material cost"
http://www.theedgemarkets.com/article/evergreen-fibreboard-1q-profit-falls-489-due-floods


SO IF NO "RUBBERWOODS" CAN BE EXPORTED OUT OF MALAYSIA, WHERE DOES EVERGREEN's THAILAND and INDONESIA PRODUCTION PLANTS GETTING ITS BASIC RAW MATERIALS? Take notice that the revenues generated by its THAILAND production plant is 43.6% of ANNUAL TOTAL REVENUES 2016. What are the countering answers from the salesman now?

U better watch out what is going to happen in the Middle East since more than 40% of its revenues come from exporting to Middle East. Definitely the logistics overhead have started to affect the trade routes.

Wrong timing in business leads to deteriorating financial results. This has been addressed since long ago before even 2016 that is why its share price peaked in Jan 2016 and going downhill all the way to current state. No sign of improvement on the balance sheets and business prospects. Just by offering MDF alone with 95% revenues from MDF....how well do u think its margin is not squeezed when there is labour and raw materials shortage? Nvm that but it heavily spent on CAPEX for YEARS already and still COULDN'T LIFT UP EARNINGS. These few simple points are enough to send the share price down to the drain.

Hebei's brain is not fully formed during birth thts why half not functioning just like an authentic loser

Another old dog barking. Remember this one has no balls thats why its been raiding balls everywhere. lmao

Why the dog comes barking at grand manhole? Wanna eat things inside it?

Well....there is always cheapskates like that trying hard to camwhore...ooppss..i mean readershipwhoring.....must be a new coined term

AH ha! I get it, susuK. TQ! The dude just a publicity whore desperately fishing for attention loll.

Yawn...another salesman asking for support to his fallen pick. Pity him have to do so many repeated write-ups just to pull supports. He must be pouring in all his life savings and his retirement is surely at stake.

I've no obligation or desire to do as u wish to such. Ironically the guy who shouted out to respect others is himself the one committing the same crime that he was against it. You may dismiss yourself now. TQ.

Only greenhorn would invest heavily into IPO stocks. Perhaps u can dismiss yourself at the expense of your soured investment in SerbaDk which fallen -20% within 3 weeks time.

It doesn't even have to go to wars and the LOGISTICS are DISRUPTED and DIVIDED between the the 2 types of muslim nations in the Middle East. Damages have been done already and how do u think the freight charges of shipments are not taking tolls? Hmmmmm......be smart and think wisely just like a real businessman. As a wise and smart businessman, one would stay away from such risks and there goes Evergreen's SINGLE LARGEST EXPORT MARKET with OVER 40% of REVENUES from MIDDLE EAST.

Maybe Icon8888 has no balls just like those self-professed WANNABE SIFU like stockraider, Dolly_Chai2 (his foul mouth got his first ID banned), jackng06 and many other duplicate IDs of these wannabes.

When a so-called sifu's reputation is at stake, this is the only time moment to find out if he's living up to his reputation or he's simply has no balls hanging within the nuts sag. So? Everyone has feelings but do u have fillings within? Empty pau or a pau with lots of fillings? I'll find out soon enough.

I'll bet on it and keep my promise. One point I want to mark down firmly is that....Does icon8888 confirmed that Evergreen's business quarterly results (numbers) will be performing better in the next 2 or more quarters? If he mean it so, then I'm betting it to the opposite. So we can see who is the false prophet or teacher. It would be even better if Icon8888 can come forward and admit it here so we can have a bet. Otherwise, he's just another COWARD not worthy to his so-called followers.

My investment philosophy is simple and straightforward only. I use only business sense and fundamentals to confirm my steadfast views on such a company. If all information findings are pointing more to a negative perspective then I will BET that the company's share price to go DOWNTREND and DETERIORATING until new catalyst emerged or financial results to improve but sadly Evergreen's track records have shown to me the obvious which is the continuous CAPEX in HUNDREDS of MILLIONS of RINGGIT for YEARS ALSO COULDN'T LIFT UP EARNINGS. This is a RED FLAG! and this doesn't take me long enough to spotted it as early as the beginning of last year thus Evergreen's share price entered into a DOWNTREND since it peaked at that time.

It's not hard to prove what's next to happen to Evergreen because this company just have too much problems. From its balance sheets to its fundamentals...all are pointing to a bleak picture ahead.

It is a long-term problem
https://www.washingtonpost.com/news/monkey-cage/wp/2017/06/27/what-the-qatar-crisis-shows-about-the-middle-east/?utm_term=.ecadb4d9f1a1

so u still want to think Evergreen able to perform well in its single largest export market in Middle East? I just like to prove my point. If I failed to prove my bet then I will officially disappear here.

This is Evergreen's Latest Annual Report (2016):
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=179833&name=EA_DS_ATTACHMENTS

# Open page 129 !

EVERGREEN's Revenues from Middle East Markets:-
Year 2016: RM 419,449,662 (42.04%) out of RM 997,794,615 total annual revenues
Year 2015: RM 457,245,946 (45.17%) out of RM 1,012,342,362 total annual revenues

Bad news
http://www.theedgemarkets.com/article/evergreen-fibreboard-1q-profit-falls-489-due-floods

Wait till the Middle East crisis to affect its single largest export market more than >40% then u say whether it's going to be still good or not.

Profit cut half -49% yoy is a strong signal telling u to run

This retarded Dolly said all are non-facts. So may I ask u all facts and figures taken out directly from all quarterly and annual reports are NOT FACTS ????? So ????? Go fly a kite!

U better go back hiding inside ur cave instead. Totally a defeat in the share price. Where is it heading into already? Still playing blind? Good luck with living in self-denial.

This kind of ktard behaviour is damaging and polluting the open discussion ecosystem. From the beginning, this retarded Dolly will only show the traits of the company but NEVER dare to even touch the topics regarding the cons of it until I question the flaws.

Those salesman have since abandoned their positions, no wonder the share price flopped down just like that. A highly indebted company with excessive capex also unable to lift up earnings for years. These alone are enough to send the share tanking. This is never a surprise but it's just funny how these salesman are defending it without actually understanding the company from the start or they simply hiding the facts and findings until I revealed them.

I take it as compliment lol. It would've been widely known that Dolly_Chai2 along with his many stupid ID are flooding this forum with nonsense. The worst part is that he didn't realize he's basically a ktard. http://www.urbandictionary.com/define.php?term=ktard

So where is evergreen now? Can a retarded mind understand or see the obvious? I still doubt it.

The loser thought no one notice how he switched lol. It's okay to act childish but too coward to admit it. Don't embarrass yourself even more because it looks just retarded. Just a pinch and u see how this retarded Dolly resurfaced. Didn't ur retard homecare barred u from doing more nonsense?

Where are those named losers now? Nothing more obvious than that.

Those losers' money gone kaput! Where are the losers Dolly_Chai2, stockraider, jackng06? Hiding in caves? After someone openly declared he invested over 4 mil shares went sour, it snapped just like that. Still have courage to use new ID to talk cocks? Go back hiding suit u better instead of spurting more of your nonsense. TQ!

I thought I'm referring to idiots only. Auto self admission? lmao

There are many types of twisted idiots in the forum too. One in particular are those who failed to justify their analysis and goal therefore they simply change to another ID to continue talk cocks. It doesn't matter how many times that you failed but if you're showing a sign of cowardice then you're no more worthy to even talk cocks. Losers always whine about their best.

stockraider? You mean that conman-cum-salesman of Evergreen who failed big time and still stuck. Like this kind of loser also got ppl respond actively nowadays?

Someone declared before that he invested more than 4 mil or more shares in it. I'm not surprised someone will take desperate measures to save his own failed investment despite my endless warnings. Check back my past comments to understand more before Evergreen collapsed to this state.

Salesman comes out to con new customers lol. Didn't I warned that all share price movements are artificial...just look within this hour driven up and sold down. Fake one mah. When fundamentals are no good, those stuck will keep defending so that they hope to escape later if share price recover.

stockraider, u still stuck in Evergreen with 5 mil shares? I've warned u to abandon. Too late to regret. Game changer = Game over

Susu, that is good point out. So a 1m panic sell down means what?

Like it or not, the logistics within land, air and sea are disrupted within the middle east. When logistics are politicized, expect trades are affected as well but the economic impact is not widely publicized just yet.

How long duration does each war typically or usually last? That is "many years" so how do those countries affected by wars not crippled? Evergreen's export market in the Middle East region is still stable? If it's stable then why do almost all foreigners especially expats in Qatar withdrawn and wired out their money out of Qatar and left/leaving?

Peace and stability in that region are threatened. No fact? All over the news reported worldwide.

http://www.standard.co.uk/business/uk-expats-scramble-but-airlines-bullish-on-qatar-a3558076.html
http://www.khaleejtimes.com/region/qatar-crisis/expats-hit-as-qatar-exchange-houses-run-out-of-dollars
http://www.connectedtoindia.com/qatar-money-exchange-houses-run-short-of-dollars-after-blockade-1807.html
http://www.thenational.ae/world/qatar/full-effects-of-sanctions-on-qatar-yet-to-take-hold
http://www.arabianbusiness.com/businesses-begin-feel-heat-of-qatar-s-isolation-677899.html
https://dohanews.co/gulf-dispute-makes-moving-out-of-qatar-more-complicated/
http://www.khaleejtimes.com/region/qatar-crisis/no-more-jobs-in-qatar-migrant-workers-on-gulf-crisis-frontline

When the retaliation between 2 sides of the opposing Gulf nations heats up, be prepared to see the Middle East market crash!

Evergreen's annual revenues from Middle East has always been more than 40%+ so now crisis in the Gulf is signalling a plunge in its revenues. How to almost "GUESS" and predict it in line to this expectation? Just look at the very latest qtr result where its profits plunged HALF y-o-y. U can bet on Evergreen? but share price will definitely fall further when next Q2 is released in Aug later!

Just like certain companies spent certain amount of money to buy machinery or assets through contracted values at inflated prices. This is the first sign of mismanagement within the company. If u don't believe me then u can simply check yourself by calculating the MASSIVE CAPEX SPENT OVER THE YEARS AND BY QUARTERS and CROSS-CHECKING THE END RESULTS OF THE COMPANY's PROFITS QUARTERLY/ANNUALLY....U CAN SEE IT CLEARLY YOURSELF.

Those conmen cum hideous salesmen disappeared after realizing that the company is running into troubles. PROFIT HALVED is a dangerously clear sign of what's coming ahead in the subsequent quarters!!!

Read own comment:

Mar 14, 2017 05:04 PM | Report Abuse
Bought a lot at 875

It's easy to prove that something is not right but it's harder for hardliners to defend it when the factual results showing a bleak picture of everything surrounding the company.

Last year dated on 01/09/2016, Evergreen's stock price was dumped to its lowest ever just one week before the release of Q2 2016 result which posted a negative -31% y-o-y net profits. Yesterday and today it was dumped to its lowest signalling a worse than expected result in the coming Q2 of 2017.

So if I'm wrong all this while, why does the results and stock price performed badly and those salesmen disappeared as of today?

You should dig more information on why the company SPENT MASSIVE CAPITAL EXPENDITURES for MANY YEARS IN EXCESS OF HUNDRED MILLIONS RINGGIT BUT PROFITS ARE DETERIORATING IN CONSECUTIVE QUARTERS AND YEARS. You should know also the third generation of the Kuo family heir Henry S Kuo is not doing his part in the family business but residing in the USA committing theological missions. Don't believe me? go check out yourself:

https://web.facebook.com/photo.php?fbid=908062505178&set=bc.AbpZYA7lsIEyV91TR-h4DZ1trvsy6lEzW1cNobCN84UPtPRaMl_7wIg8A4K6BfnnhyPkhcUaZBTQBkoJ_GFtkME3dt9KbbpN_5ZY_MOTe-8-tj8rGh0YMKvFG5owCVLHhl0&type=1&opaqueCursor=Abo5XuCTA-lWU98e4JT6GgLU_JXJh_h7FRHzOUhv_1X-S3ooqAPCeFXggO8pEDun8A-KhX7CuvGDHt8b_cmtXhq6akoOzKnvPyOUBkOb2k2WTBHyOz4cIlFaa94Y-E6IgGz8h4qeGaYJstMVg-21LDMH_M6Nm3hxv-MEQoQ_L7mEdIHvuk1npdUw4sqg8flY_vxZVffvN8VoDun2vCrbKzC8zmMFij5zkWbpdjMxqMUYaWyKHwjUr82TI6Tp8nfrXw5CKCvH8GWOzAnLJWxhgODPTUoqQO1RiRxBkNZlWHBewV4qNUkRDSrCtuJEbBotOw0qippHxudwINoLdRRbQ4hlSF2c-ITyNqYlyLyCTGDlw2SZbvhFwjsNEOz3jerqRxqOl4HfbZilzbwVmEL369hR&theater

Henry S Kuo resigned from the Audit committee. Look here:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5431965

The HIGH CAPEX for YEARS ended with DISAPPOINTING RESULTS. HIGHLY SUSPECT THEY SIPHONED MONEY OUT OF THE COMPANY THROUGH HIDEOUS MEANS THROUGH CAPEX AND FLOW TO THIS FATTY HENRY S KUO IN THE USA! It's impossible that its MASSIVE CAPEX COULD NOT EVEN ABLE TO LIFT UP EARNINGS FOR YEARS ALREADY WAW?!?! Seriously?

Do u expect this company to be well managed? If so, it wouldn't turned itself into such poor state! Wake up!

In general speaking...those unlicensed salesmen group just failed to promote Evergreen without realizing that this company is strapped with MASSIVE DEBTS of RM 207,069,000 and DETERIORATING PROFITS IN CONSECUTIVE QUARTERS with latest profits HALVED is an OBVIOUS SIGN of a downfall of such company!

The most obvious reason is its SINGLE LARGEST EXPORT MARKET which is "MIDDLE EAST" which should contribute more than 40%+ annual revenues. Saudi-led alliance has single-handedly disrupt Evergreen's export market in the Middle East. This sends the share price to NEW LOW along that DOWNTREND.

This is Evergreen's Latest Annual Report (2016):
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=179833&name=EA_DS_ATTACHMENTS

# Open page 129 !

EVERGREEN's Revenues from Middle East Markets:-
Year 2016: RM 419,449,662 (42.04%) out of RM 997,794,615 total annual revenues
Year 2015: RM 457,245,946 (45.17%) out of RM 1,012,342,362 total annual revenues

Look here for the results yourself:
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5101

NET PROFITS COLLAPSED FROM RM 20,619,000 TO RM 10,539,000 THAT IS A 49% DROP IN PROFITS.

DO U THINK ITS SINGLE LARGEST EXPORT MARKET IS NOT TAKING THE HIT? VERY OBVIOUS ALREADY.

Evergreen's Net profit TUMBLED and HALVED from RM 17,483,000 previous qtr to current RM 10,539,000 (-39.72%) while its Y-o-Y collapsed (-48.89%) !!!

Evergreen's MASSIVE DEBTS INCREASED RM 1,812,000 more! totaling RM 207,069,000 now.

MIDDLE EAST is EVERGREEN's LARGEST SINGLE EXPORT MARKET !!! PERIOD!!! MIDDLE EAST IN CRISIS NOW!!! WARS WILL ENSUE...! JUST SEE HOW TURKEY & IRAN HAVE STARTED TO HELP QATAR NOW! MIDDLE EAST WILL BE DIVIDED SO THIS WILL BE REALLY BAD FOR EVERGREEN !

Look below:

http://www.cnsnews.com/news/article/patrick-goodenough/iran-and-turkey-support-embattled-gulf-state-accused-sponsoring

http://www.middleeasteye.net/news/gulf-crisis-iran-sends-five-planes-food-qatar-avert-food-shortages-1021805206

http://www.cnbc.com/2017/06/05/gulf-crisis-qatar-may-move-closer-to-turkey-iran.html

http://www.aljazeera.com/indepth/features/2017/06/analysis-turkey-deploying-troops-qatar-170607174911372.html

Holland, the Dolly couldn't understand he's a failure so he will open big mouth no matter what lol