i have slammed you hard with my justifiable answers but you have yet to answer my simple question in Evergreen forum.. come on, if you have bxlls pls act like a man... dun divert topic and answer my question... dun run away like a pondan...

sxckperformer, stop your childish act of tracking all my comments... ur parents did not teach you not to be so childish ar?

Wuh Hou, yeah... it is normal.. Honest words are always harsh and hard to be accepted...

http://klse.i3investor.com/servlets/stk/5101.jsp

see how i smacked him with facts... and he is such a coward who dares not answer my question.. keep running away and diverting the topic.. and keep telling the same old grandma story (manipulated)...

how pathetic and desperate this joker is now.. comparing evergreen with all furniture stocks which are not capex intensive... haha... just trying to defend his own lie and plot to bring down evergreen..

come on, investors are smart.. wont be influenced by your lie and manipulated statements..

COME ON COWARD sxckperformer.. dun run away, just answer my question!

COME ON COWARD sxckperformer.. dun run away, just answer my question!

basically Ricky is comparing Hevea with Homeriz..

But similar thing applies here.. why?

Hevea has 60% (huge portion) of revenue in RTA furniture so it requires less capex for machineries etc as compared to evergreen (only 5% RTA, mainly on MDF at current stage).

But, the management invested in capex (for advanced machines) to reduce labor cost and dependency on foreign worker..) see how Homeriz is facing now.. lack of labor and cause revenue and profit down...

so, if Evergreen's RTA business is also 60%... u will probably see they dun need so much capex... but at current stage, he is comparing apple with orange.. see how misleading he is...

come on loser sxckperformer, dun repeat your same old grandma story which is misleading and twisted... can u even lump evergreen under "furniture stock"... answer me... why dun u categorize Airasia as furniture stock too...

Ricky Yeo, a very good value investor did raise this out too:

These are the fixed assets extracted from the reports. When you look at plant, machineries & equipments (PPE), Hevea needs around RM170 mil of PPE to generate RM503 mil of revenue, or 2.95x. In contrast, Homeritz can generate RM146 mil of revenue with only RM4 mil worth of PPE. That's 32.95x.

Is that because Hevea is inferior? No, it is simply because they are in a different business. For a particleboard manufacturer like Hevea, the amount of machineries they need to chip, flake, dry, mat forming, hot pressing, sanding, sizing, laminating, to turn timber into particleboard are a lot.

In comparison, the machineries you need to turn particleboard into an upholstered sofa is very little. Sanding, polishing and some cutting tools should do the work. In saying that, the workmanship needed to turn the sofa into a high-end quality product will translate into higher expenses too. Pohuat & Latitude would have more similiarities to Homeritz than Hevea, while Hevea's business is more similar to Mieco.

basically Ricky is comparing Hevea with Homeriz..

But similar thing applies here.. why?

Hevea has 60% (huge portion) of revenue in RTA furniture so it requires less capex for machineries etc as compared to evergreen (only 5% RTA, mainly on MDF at current stage).

But, the management invested in capex (for advanced machines) to reduce labor cost and dependency on foreign worker..) see how Homeriz is facing now.. lack of labor and cause revenue and profit down...

so, if Evergreen's RTA business is also 60%... u will probably see they dun need so much capex... but at current stage, he is comparing apple with orange.. see how misleading he is...

come on loser sxckperformer, dun repeat your same old grandma story which is misleading and twisted... can u even lump evergreen under "furniture stock"... answer me... why dun u categorize Airasia as furniture stock too...

Ricky Yeo, a very good value investor did raise this out too:

These are the fixed assets extracted from the reports. When you look at plant, machineries & equipments (PPE), Hevea needs around RM170 mil of PPE to generate RM503 mil of revenue, or 2.95x. In contrast, Homeritz can generate RM146 mil of revenue with only RM4 mil worth of PPE. That's 32.95x.

Is that because Hevea is inferior? No, it is simply because they are in a different business. For a particleboard manufacturer like Hevea, the amount of machineries they need to chip, flake, dry, mat forming, hot pressing, sanding, sizing, laminating, to turn timber into particleboard are a lot.

In comparison, the machineries you need to turn particleboard into an upholstered sofa is very little. Sanding, polishing and some cutting tools should do the work. In saying that, the workmanship needed to turn the sofa into a high-end quality product will translate into higher expenses too. Pohuat & Latitude would have more similiarities to Homeritz than Hevea, while Hevea's business is more similar to Mieco.

i have to repost many times as this sxckperformer keeps diverting topic.. such a coward, dare not answer my question.. why? bcoz he knows the answer himself!!!

haha... u see how this loser and joker keeps manipulating facts.. let me show him Ricky Yeo's analysis again on how these furniture makers require much lesser capex for their business...

http://klse.i3investor.com/blogs/JTYeo/96888.jsp

and he just ignored it.. and keeps telling his old grandmother story (on the same thing, which is misleading and manipulated)...

come on la.. u have not even answered my question:

is evergreen a furniture stock at current stage? is it fair to compare its capex intensive business with "pure/mainly" furniture makers which are less capex intensive?

i have to repost many times as this sxckperformer keeps diverting topic.. such a coward, dare not answer my question.. why? bcoz he knows the answer himself!!!

is evergreen a furniture stock at current stage? is it fair to compare its capex intensive business with "pure/mainly" furniture makers which are less capex intensive?

haha... u see how this loser and joker keeps manipulating facts.. let me show him Ricky Yeo's analysis again on how these furniture makers require much lesser capex for their business...

http://klse.i3investor.com/blogs/JTYeo/96888.jsp

and he just ignored it.. and keeps telling his old grandmother story (on the same thing, which is misleading and manipulated)...

come on la.. u have not even answered my question:

is evergreen a furniture stock at current stage? is it fair to compare its capex intensive business with "pure/mainly" furniture makers which are less capex intensive?

see how i proved him wrong in evergreen forum.. and he dares not even answer my questions.. keep diverting the topic.. how pathetic he is.. sigh and speechless

haha... this conman starperformer is here to be clown again.. joker show again...

some ppl prefer to cover their ears and eyes and live in their own world (pretending they can't listen or see it).. that is fine.. these ppl will never improve, trust me

thanks Wuh Hou... unfortunately when we speak out truth (sometimes harsh), it is hard to be accepted by the supporters here.. nvm, if they can take the risk, just go ahead.. there is no defienite right or wrong in investment.. good luck

haha.. John Lu... u must not understand one theory (for value investing).. if i have doubt in a certain share, i would not buy... unless u r a pure speculator, which i think so...

MRapolo, it is indeed good for RGB to turn into net cash position.. but investors like growth, big growth of earning.. so if the growth is moderate, can it justify for 60 sen in 2 years?

What about the risk for too concentrated in Philippines? WHat is the Phillipinnes president bans gaming in club house again like what happened in the past in Cambodia? At current stage, its business is yet to expand significantly to other countries... still early stage...

still too concentrated in 2 countries Philippines and Cambodia... Philippines president is now fighting against drug, will he fight against gambling next? that is a question to think of.. will the Cambodia club-house shut down incident happen again in Philippines? that is 67% of total revenue, more than what they had in Cambodia back in 2008 (it was 37% only that time)

Risks

Over-concentration in Cambodia back in FY07 has caused the group suffered greatly. Today, the Group seems to have diversified its operations by making its presence in more than 8 countries, but in fact, it hasn't. Based on the latest Annual Report FY15, segment from Philippines and Cambodia contributed 67% and 12% to the total revenue respectively. In terms of geographical non-current assets, Philippines and Cambodia's non-current assets made up 32% and 50% of the Group total non-current assets. When we look into the TSM Segment, where greater risks lie (due to the risk-sharing nature), most of the Group TSM concessions are located at Philippines and Cambodia. To clarify, we don't see geographical diversification as one of our checklists in making our investment decision. However, for a company like RGB that subjects to high regulatory risks, geographical diversification matters.

Besides that, more people nowadays go online in search of entertainment they used to access in other ways, and gambling is no exception. It is believed that online gambling will be taking more market share from traditional gambling, due to several advantages it offers including convenience, comfortable, anonymity, privacy etc. And compare among few forms of gaming, slotting machines are definitely more replaceable by online gambling due to the gaming nature. This is a risk investors should consider if they are planning to invest in RGB for a very long period.

questions to ponder:

1) with current growth, is it possible for the EPS to go up exponentially from around 2 sen to 6 sen in 2 years? 3 folds, possible?
2) directors "claim" that the share price will go up to 60sen? How sure are they? haha... unless they fry up themselves, right?

PE is now 13-14.. for such small cap company with "some but not exponential growth", is it undervalued?

I have been scratching my head

do ur homework and u will know that Airasia will post much better result in Q4 this year...

airasia is indeed very much undervalued at current price.. today i added more..

yeohhh, thanks for your feedback too.. this again proved that HHgroup boss is a con-man...

HHgroup is indeed a poorly managed company, and lacks of transparency/integrity...
better not invest in a share that the management is over-boasting and dishonest...

gogogogo... i agree with u... i do not intend to fight with sxckperformer... after all, our intention is the same - to make money... it is fine for him to make money from hevea and for us to make money from evergreen... but he keeps manipulating the "half-facts" and keeps comparing Hevea with Evergreen in a very unfair judgment (as what I had pointed out above why his comparison is unfair)...
so as a shareholder of evergreen, i have to defend evergreen so that the new evergreen investors may not sell evergreen with panic and cause the share price to drop... and it also helps prevent "wan-to-buy" investors from misunderstanding evergreen's financial health...

Apologize to you all if this has caused nuisance... i would stop if he stops this nonsense..
thanks.

this coward sxckperfomer still dares not answer my question until today (in contrary, I responded to all of his misleading and manipulated "facts"):

How pathetic he is... i pity his parents, really...

evergreen shareholders... u all can see it right?

this coward sxckperfomer still dares not answer my question until today (in contrary, I responded to all of his misleading and manipulated "facts"):

How pathetic he is... i pity his parents, really...

currently just KIV.. i expect next quarterly result to still be bad.. so may just buy after that is announced..

ivan, after the 3 sen dividend is paid, the share price will be adjusted by -3sen.. so there is actually not too much benefit the shareholders will be getting.. only some "early" cash to receive before selling the share.. i think as long as the malaysian government policy is not changed - to allow more foreign workers.. it will still be a big problem for furniture makers like Homeriz.. no doubt it is a good company, but such policy is causing their 3 consecutive quarterly results to drop... and pls see my advice above:

1) only 60 new foreign workers, how to improve productivity?
2) even with more new foreign workers in-take, they need time to be trained to be skillful enough to manufacture furniture..

my suggestion is not to buy now as for the next 2 quarters, the revenue and profit will likely still be impacted by the shortage of foreign workers...

let me make one last blow to him on his idixtic and biased comments (for his personal agenda i guess, if not why spend so much time here... quite obvious, he missed the boat and is trying to pull down the share price - but who is he? does he have such influence.. haha.. )..


1) Debt of Evergreen (which is manageable and reasonable for the industry it is involved in) - he keeps saying that Hevea has zero debt but Evergreen has debt.. I have told him that Hevea is more like a furniture company as its 60% sales are from RTA (ready to assemble furniture) which are less capex intensive. Where as currently Evergreen manufactures 80% of raw MDF so it is more capex intensive in terms of the machineries and maintenance. They are not in the exact industries so you just can't compare directly.. he has not even answered my question on this one.. Yes, evergreen will target to build more RTA (current 5% of total revenue), but their main focus is still MDF at current stage. So, until one day when Evergreen has its RTA sales reach 50-60% of total revenue, then only it is fair to directly compare with Hevea on the debt/net cash...

2) Debt of Evergreen - again, let's discuss if the debt is bad or actually good for evergreen. We know that many business raise loans to expand. We have to examine whether their profit margin is higher than the interest they need to pay for the loan. Last year (2015 full year), evergreen net profit margin is 9.1%. This year (up to 9 months), due to forex loss, the net profit margin dropped to 7.3%. But this is still higher than the bank interest rate that they are paying for... example, if you earn RM10 additional but you pay RM5 for interest, u still get additional (net RM5) for the expansion... so why not to expand if you have net profit from there?

3) Dividend - he is again very biased and misleading here.. 2013-14 were bad years for Evergreen, we all know and admit that. This was due to the intense competition of MDF makers within ASEAN (as 2006-08 were good years and many new MDF makers ventured into this business can caused over-supply) However, as mentioned by Evergreen management, many small and incompetitive MDF players have been washed out (go bankrupt) during the bad years of 2012-2014 due to losses.. but evergreen as the biggest MDF player in ASEAN with strong footing and experience has weathered thru the storm and grow bigger now.. in fact, they ate up the market shares of those closed-shop small factories,.. so from 2013-14, we cannot expect evergreen to pay dividends during tough years.. why I said he is biased? When Hevea was in deep financial woes during 2009-2010, why did sxckperformer not question: why Hevea did not pay out dividend during tat time? see? he is manipulating his words...

4) Dividend - in latest AGM, Evergreen management has approved to give out at least 40% of net profit to shareholders... so, with the expansion plan almost done (will require less capex, and have more cash)... we can expect more dividend to come.. we invest in the future of Evergreem.. but this joker keeps talking about the past.. and he totally kept quiet about Hevea's past on the bad years.. and when raider said Hevea almost went bankrupt.. what did this sxckperformer say? Trump went bankrupt 3 times but now is a US president.. haha.. funny right? we know it is not end of day for bankruptcy, but we dislike his biased view on evergreen.. Hevea's past was bad, but it is ok.. Evergreen's past was bad, but it is not OK.. see it?

sxckperformer.. see.. i wasted so much time to explain to some idixt like u.. quickly thank me la.. coz i "put money in ur pocket" d...

gogogogo... this sxckperformer went to evergreen forum to promote Hevea.. so i came here to justify... u can check back who started this.. I or this sxckperformer (in evergreen post)..

yes, guys, let's just ignore this joker sxckeperformer... he is still not ware of how disgusting and not-welcomed he is in this forum... how sick of him...

let me make one last blow to him on his idixtic and biased comments (for his personal agenda i guess, if not why spend so much time here... quite obvious, he missed the boat and is trying to pull down the share price - but who is he? does he have such influence.. haha.. )..


1) Debt of Evergreen (which is manageable and reasonable for the industry it is involved in) - he keeps saying that Hevea has zero debt but Evergreen has debt.. I have told him that Hevea is more like a furniture company as its 60% sales are from RTA (ready to assemble furniture) which are less capex intensive. Where as currently Evergreen manufactures 80% of raw MDF so it is more capex intensive in terms of the machineries and maintenance. They are not in the exact industries so you just can't compare directly.. he has not even answered my question on this one.. Yes, evergreen will target to build more RTA (current 5% of total revenue), but their main focus is still MDF at current stage. So, until one day when Evergreen has its RTA sales reach 50-60% of total revenue, then only it is fair to directly compare with Hevea on the debt/net cash...

2) Debt of Evergreen - again, let's discuss if the debt is bad or actually good for evergreen. We know that many business raise loans to expand. We have to examine whether their profit margin is higher than the interest they need to pay for the loan. Last year (2015 full year), evergreen net profit margin is 9.1%. This year (up to 9 months), due to forex loss, the net profit margin dropped to 7.3%. But this is still higher than the bank interest rate that they are paying for... example, if you earn RM10 additional but you pay RM5 for interest, u still get additional (net RM5) for the expansion... so why not to expand if you have net profit from there?

3) Dividend - he is again very biased and misleading here.. 2013-14 were bad years for Evergreen, we all know and admit that. This was due to the intense competition of MDF makers within ASEAN (as 2006-08 were good years and many new MDF makers ventured into this business can caused over-supply) However, as mentioned by Evergreen management, many small and incompetitive MDF players have been washed out (go bankrupt) during the bad years of 2012-2014 due to losses.. but evergreen as the biggest MDF player in ASEAN with strong footing and experience has weathered thru the storm and grow bigger now.. in fact, they ate up the market shares of those closed-shop small factories,.. so from 2013-14, we cannot expect evergreen to pay dividends during tough years.. why I said he is biased? When Hevea was in deep financial woes during 2009-2010, why did sxckperformer not question: why Hevea did not pay out dividend during tat time? see? he is manipulating his words...

4) Dividend - in latest AGM, Evergreen management has approved to give out at least 40% of net profit to shareholders... so, with the expansion plan almost done (will require less capex, and have more cash)... we can expect more dividend to come.. we invest in the future of Evergreem.. but this joker keeps talking about the past.. and he totally kept quiet about Hevea's past on the bad years.. and when raider said Hevea almost went bankrupt.. what did this sxckperformer say? Trump went bankrupt 3 times but now is a US president.. haha.. funny right? we know it is not end of day for bankruptcy, but we dislike his biased view on evergreen.. Hevea's past was bad, but it is ok.. Evergreen's past was bad, but it is not OK.. see it?

sxckperformer.. see.. i wasted so much time to explain to some idixt like u.. quickly thank me la.. coz i "put money in ur pocket" d...

really a hidden gem... added more today, in view of the bright growth driven by the felts and non-woven segments...demand for felts in the automotive and air-cond industries are on the increasing trend as Perodua and Proton both lauch new cars (especially Perodua Bezza)...

Non-woven is used as raw materials for diapers and women sanitary pads and it is a necessity regardless of economic situation, and the demand is backed by the increasing population..

how could we miss such a great stock...

sxckperformer asked Tony Fernandes:

Why r u doing aviation business which requires a lot of capex and need to raise debt?

Tony fernandes smacked his head and answered:

some ppl are good at selling nasi lemak, some ppl are good at selling butt (like you)... my expertise is in aviation so i do this business...

if no one do this kind of business, there is no airline...

something for MDF... everyone do furniture, no one make MDF.. where to buy MDF?

see how stupid his question is..

KUo familiy is expert in MDF making so they involve in this business... you ask him to sell nasi lemak? no need a lot of capex, no debt...

he is just comparing toyota and perodua.. 2 different specs, have different customers range and different needs.. u can use paper box to build ur door?
can use lower grade wood to build a solid door? bedframe, cupboard which need better quality?

sxckperformer asked Tony Fernandes:

Why r u doing aviation business which requires a lot of capex and need to raise debt?

Tony fernandes smacked his head and answered:

some ppl are good at selling nasi lemak, some ppl are good at selling butt (like you)... my expertise is in aviation so i do this business...

if no one do this kind of business, there is no airline...

something for MDF... everyone do furniture, no one make MDF.. where to buy MDF?

see how stupid his question is..

KUo familiy is expert in MDF making so they involve in this business... you ask him to sell nasi lemak? no need a lot of capex, no debt...

come on la.. wake up...

he is just comparing toyota and perodua.. 2 different specs, have different customers range and different needs.. u can use paper box to build ur door?
can use lower grade wood to build a solid door? bedframe, cupboard which need better quality?

see how stupid he is...

see.. when he can't answer... talk on other stuff.. idixt

see what crap he is saying now.. dun divert topic.. i challenge u on ur statement of evergreen debt:

s evergreen a furniture stock at current stage? is it fair to compare its capex intensive business with "pure/mainly" furniture makers which are less capex intensive?

pansar is moving slowly now...

cant even answer that? then get lost

if cant answer, get lost pls

cant even answer that?

dun divert topic: answer my question:

is evergreen a furniture stock at current stage? is it fair to compare its capex intensive business with "pure/mainly" furniture makers which are less capex intensive?