haha.. good one raider... this sxckperformer keeps talking about the past, when evergreen was not doing good..

RAIDER COMMENT;
IF LIKE THAT RAIDER CAN ASK WHAT ABOUT HEVEA BANKRUPT YEARS IN 2009 TO 2010 LEH ? GOT PAY ANY DIV MEH ?

haha.. good one raider... this sxckperformer keeps talking about the past, when evergreen was not doing good..

RAIDER COMMENT;
IF LIKE THAT RAIDER CAN ASK WHAT ABOUT HEVEA BANKRUPT YEARS IN 2009 TO 2010 LEH ? GOT PAY ANY DIV MEH ?

starperformer.. 2013 and 2014 were bad years for evergreen.. see, u r picking on history.. how biased are you...

We are talking about future of evergreen... we have shown you proof that evergreen is growing strong into 2017..

stop mislead ppl now..

just like HEVEA.. there was once about to go bankrupt, but did i pick on that? (raider said that though but i did not)..

we talk about future, wake up pls

in terms of your misleading info on debt of evergreen, i will show you proof:

refer to latest Q3 report:
2016 cash and cash equivalents = RM141,018,000
2015 cash and cash equivalents = RM116,571,000

2016 long term borrowing = RM108,952,000
2016 short term borrowing = RM107,633,000
2015 long term borrowing = RM37,229,00
2015 short term borrowing = RM161,479,000

compare yourself:
net debt (minus cash) of 2016 as of sept 30th = RM75,567,000
net debt (minus cash) of 2015 as of sept 30th = RM82,137,000

in fact, evergreen has reduced their net debt in 2016 compared to 2015... so, confirmed you are misleading

in terms of your misleading info on debt of evergreen, i will show you proof:

refer to latest Q3 report:
2016 cash and cash equivalents = RM141,018,000
2015 cash and cash equivalents = RM116,571,000

2016 long term borrowing = RM108,952,000
2016 short term borrowing = RM107,633,000
2015 long term borrowing = RM37,229,00
2015 short term borrowing = RM161,479,000

compare yourself:
net debt (minus cash) of 2016 as of sept 30th = RM75,567,000
net debt (minus cash) of 2015 as of sept 30th = RM82,137,000

in fact, evergreen has reduced their net debt in 2016 compared to 2015... so, confirmed you are misleading

starperformer.. 2013 and 2014 were bad years for evergreen.. see, u r picking on history.. how biased are you...

We are talking about future of evergreen... we have shown you proof that evergreen is growing strong into 2017..

stop mislead ppl now..

just like HEVEA.. there was once about to go bankrupt, but did i pick on that? (raider said that though but i did not)..

we talk about future, wake up pls

sxckperformer, u r aiming at Evergreen at lower price right? haha.. caught red-handed.. else why so "noble"? ur friend bullorbear123 said mah... "why so noble and free" if not for own agenda

sxckperformer claims himself he is the "well-informed" investor on Evergreen.. besides the twisted "fact" he showed here, what else he had shown? compared to others who share more useful info & email, he is just a joker trying to sabotage evergreen price for his own benefit.. too obvious la..

haha... this sxckperformer keeps picking bones on the debt alone (which is at healthy level)...
but ignore the fact that the company is growing and will turn into new chapter of life starting 2017...

A company with manageable debt 0.075x net debt of its shareholder's equity is not healthy?
come on, pls don't mislead the investors anymore, we are not stupid ok?

Airasia has more debt than its equity but as long as the cashflow is healthy, we don't see a problem

why u keep talking about the past of evergreen as they used more money for expansion?
Look into future when they free up more cash for dividend..
they already approved the at least 40% dividend payout ratio in AGM.. can't see it?

See, u r really trying to mislead ppl - confirmed

and for sxckperformer again (on dividend of evergreen):

n the latest AGM, evergreen management has announced at least 40% dividend payout ratio (vs net profit) starting this year.

They were not paying much dividend in the past as they required the money for capex for expansion. starting 2017, their expansion is done and they can free up more cash for dividend.
if 2016 EPS is around 9sen, 40% would be 3.6sen. that is about 3.7% dividend yield (not bad).

this dividend will increase as they are improving EPS in 2017-2018. So you will get even higher dividend yield if you invest at current price

aside to bullorbear123 who so-called has insider good news coming Jan 2017 for hevea...

u r slapping ur own friend sxckperformer.. why?

Coz your good friend sckperformer is doing this at evergreen forum. He pretended to be so noble (with no personal agenda) and to provide more info (misleading one) to evergreen investor..

why dont u ask him what is his intention? haha... How do you know they have future expansion plan? Evergreen management already announced their plan clearly and will achieve in 2017 (not secret) and you "assume" more growth for hevea without proof? "Assume" only ya...

bullorbear123 Nah, these bunch of idiots keep asking us not to buy Hevea or sell hevea buy evergreen. What are their intention? Do you think they are really that kind to help us? Or they are just having other intention? You said hevea is a fully grown company? How do you know that the company do not have any future plan? How do you know that they are not going to expand or acquiring other company to diverisfy their rich cash? So don't talk like you know everythingn you just predict only, unless you are the top management of Hevea. Between, there are some news going to be announced by Hevea after new year in January, so stay tuned

proven that you are giving misleading info.

sxckperformer, someone else already answered ur question on why you are giving misleading info in evergreen forum:

I copy and paste here:
star-what joker, you wrote something yourself but you are still not clear... 5 consecutive quarters with downward profit?

This is what you wrote right?

Financial quarter 30 Jun 2016: PBT 16,459,000 Net Profit 16,459,000 EPS 2.04 sen
Financial quarter 30 Sep 2016: PBT 16,880,000 Net Profit 16,880,000 EPS 2.06 sen

Can't you see the profit is improving now after the internal re-structure and expansion which started early this year?

You are indeed a joker.. isn't that misleading?

yes, in the way they answer questions, we can tell that they are transparent and honest... and you can see how informative their website is...

the more we discussed here and showed (with proof ) on the bright future of EVergreen, the share price keeps going up... see it, sxckperformer? investors do not believe in your crap...

sxckperformer claims himself he is the "well-informed" investor on Evergreen.. besides the twisted "fact" he showed here, what else he had shown? compared to others who share more useful info & email, he is just a joker trying to sabotage evergreen price for his own benefit.. too obvious la..

raider, net debt is only around 75million, not 85million

sxckperformer, wah.. u r so "noble" to inform te not-so-well-informed investors.. u do it for free ya.. u dun have ur own agenda ya... u waste time here (not even owning evergreen) but do it for free for the good of investors here..

come on.. everyone can see what u r thinking.. trying to pull down the price and enter at cheap price? no way!!!

haha... this sxckperformer keeps picking bones on the debt alone (which is at healthy level)...
but ignore the fact that the company is growing and will turn into new chapter of life starting 2017...

A company with manageable debt 0.075x net debt of its shareholder's equity is not healthy?
come on, pls don't mislead the investors anymore, we are not stupid ok?

Airasia has more debt than its equity but as long as the cashflow is healthy, we don't see a problem

Furthermore, our PB line is designed to run niche products which command better pricing with less competition. It will also support our diversification into furniture as raw material input. By 2017, EFB’s operations will be more complete and integrated. With a more comprehensive product range and efficient operations, EFB will be in a much stronger footing.

Our simple assumption would be that even if all the non-performing operations simply broke even, it would mean ‘additional’ profits of RM36mil a year. When one factor in the profits to be generated from these new and upgraded production lines, 2017 is when the Group turns a new chapter in its operational capability.

wow... additional RM36 million saving in 2017 if the internal revamp is successful... that will translate into additional 36/820.6=4.4sen EPS...

from the email content:

In fact the ASP has actually rebounded and remains quite stable so far.

guys, how do you see Prlexus full year revenue and net profit as compared to last year?

yes, kakashit... the improved EPS indicates a potential share price of RM4.50

the key point:
兴业投行分析员建议投资者耐心等待，因为该公司2017財政年的盈利成长可期。
~~~~~~~~~~

2因素提振　长青盈利成长可期

财经 2016年08月23日
（吉隆坡23日讯）儘管长青纤维板（EVERGRN，5101，主板工业股）2016財政年次季（截至6月30日止）业绩逊于预期，但分析员乐观看待其2017財政年的盈利前景，所以维持该股的投资评级，惟下调了该股的目標价。

长青纤维板今年次季净利按年跌31%，至1646万令吉；营业额也按年微跌5.3%，至2亿4624万令吉。

同时，该公司上半年净利按年下滑15.6%，至3708万令吉；营业额则按年微升0.2%，至4亿9303万令吉。

分析员皆认为，长青纤维板上半年净利表现低于预期，主要是因为中密度纤维板（MDF）的平均售价低于预期，以及其有效税率高于预期所致。

兴业投行分析员表示，该公司上半年净利，分別只佔他和市场全年预测的38%和35.3%。同时，也仅佔丰隆投行分析员全年预测的38.7%。

兴业投行分析员指出，基于令吉潜在走强，所以谨慎看待长青纤维板的短期盈利前景，但预计其盈利表现將在下半年改善。

「我们的预测前提是，在厂房无须定期维修和停工的情况下，该公司的產量將好转，从而改善中密度纤维板的平均售价。」

无论如何，由于上半年业绩低于预期，兴业投行和丰隆投行分析员调整该公司的盈利预测。

兴业投行將2016至2018財政年盈利预测，分別下修9.9%、6.9%和3.1%，反映较低的平均售价和赚幅预测。丰隆投行则將2016至2017財政年净利预测，分別下修22.2%和10%，至8210万令吉及1亿1400万令吉，是基于较低的平均售价和高有效税率。

儘管如此，这两家投行仍看好该公司未来盈利前景，主要是因为管理层致力改善效率，以及將產品多样化，这相信可提振2017財政年盈利成长。

兴业投行分析员建议投资者耐心等待，因为该公司2017財政年的盈利成长可期。

兴业投行和丰隆投行皆维持该股「买进」投资评级，但它们分別將目標价下调至1.30令吉和1.48令吉。【东方网财经】

sxckperformer, if you can read chinese:

~~资产负债表仍相当健康~~

Where is the unhealthy balance sheet/debt?

未署名读者问：
长青纤维板（EVERGRN，5101，主板工业产品组）的最新业绩如何？前景可好？
答：长青纤维板第二季营业额及净利报2亿4623万8000令吉及1645万9000令吉，各跌5.28%及31.1%。
首半年业绩虽低于预期，惟分析员仍乐观看待该公司下半年展望，一致维持正面评级不变。
丰隆研究表示，尽管第二季业绩未能符合预期，但看好该公司可提升营运效率及多元化产品，预期2016财政年后的业绩可被提振。
兴业研究谨慎看待该公司业绩，并认为下半年业绩有望比上半年更好，因为部份生产线正在进行维修工程而关闭。
联昌研究表示，按季对比该公司赚幅虽然从7%跌至6%，但资产负债表仍相当健康。此外，该公司仍在洽谈脱售非核心资产，惟过程放缓，因此预期2016财政年不会派发特别股息。
联昌认为，长青纤维板2017财政年净利可回扬，因家具生产线在今年中启用，加上第二条生产线在明年第二季启用，此外，该公司在柔佛昔加末耗资1500万令吉的中密度纤维板将启用。
分析员普遍都给予买进评级，目标价介于1令吉30仙至1令吉48仙之间。
[size=14.994px]文章来源：星洲日报‧投资致富‧投资问诊‧文：李文龙‧2016.10.23

i agree with that, buying into a growing company is much better than buying into a "already" grown company... you wont see the magnitude of growth anymore in hevea, as compared to evergreen..
good sharing, appreciate that

Someone shared this in Evergreen's forum:

it gives us some good inputs to really think about it..

~~~~~~~~~~~~~~~~
it is about timing...

If you bought Hevea 2 years ago (before they transformed into a high earning company), yes, your timing is right as they started to grow.. you invested in a growing company at undervalued price. today, you gain handsome reward. But if you are buying hevea today (fairly priced in now), the share price appreciation is limited as there may not be much growth as before..

If you buy Evergreen today, 1-2 years later, they improved revenue and net profit hugely.. You are buying at undervalued price now. Is this a good investment?
Some star-wat joker said: wait till they fully transform and when earning improves, then only you buy (after 1-2 years), ok, then you will be buying at high price (fair price), not current price anymore.. See, this is value investment...

and thanks for pointing out that sxckperformer did provide misleading info. Many investors here now can see how biased and misleading he is.

thanks Iloveshare for sharing your email. this gives me extra confidence now

raider.. good one.. u see now.. starperformer try to mislead and only give part of the info...

agree coolinvestor.. starperformer should really shut up and learn more...

newbie_Investor.. u really sound like newbie.. yes, i will sell ur wife to invest in evergreen... dun talk nonsense and insult ppl

Post removed.Why?

shut up la loser and pondan starperformer.. dun divert topic.. take up the challenge pls...

starperformer paper box even cheaper.. can replace particleboard?
dun talk too much nonsense if you dun understand the wood -based products..
particleboard can only replace MDF in certain application but not ALL...
So it is not a direct alternative for MDF... i have told u facts above but u chose to ignore..

why? ur personal agenda to pull down Evergreen... intention spotted and caught red-handed...

starperformer... if a massive change and improvement in earning can be seen in 2017/18, as a value investor, can u wait for 1-2 years to reap perhaps 100% gain?

we invest in the future improvement and growth of evergreen, that is why we are buying...
u sound like short term speculator so dun act like expert in fundamentals..

in 2017/18, evergreen share price is easily double of current due to their improvement.. go read their annual report carefully...

haha.. raider.. good smack right in the face.. talking about history, bla bla bla...

starperformer is a no-ball guy...
he dared to tell lie but when challenged.. he dares not take up...

he accused ppl using multiple ID but when challenged.. he kept quiet like pondan...

and he talked a lot of nonsense at Evergreen forum trying to pull down the price for his personal agenda.. very obvious...

and as what i had pointed out earlier...
Evergreen is in an industry (MDF) that requires more capex as their imported machines are expensive... so you just can't compare it directly with Hevea is more on particleboard and RTA..

Airasia has very high debts, can you compare it with Hevea?

Evergreen is not exactly in the same business as Hevea (even though some overlap) so you can playing your tricks to confuse readers here...

Furthermore, with more than 1 billion of equity, 75mil net debt is manageable as it is only 0.075 of the equity..

so, STARPERFORMER, we know u have ur personal agenda to badmouth evergreen and give misleading facts here...
stop you childish move... evergreen investors are smart enough to know ur dirty trick..

and again, if you dare to accuse, pls dare to take up challenge... else admit u have no balls and get lost..

who talked nonsense?

starperformer: Gummy88 is another new ID used by Dolly_chai lol. When people like this refused to accept the loss is when they use different ID to attack the critics lol

come on.. if u dare to say this, take up my challenge:

You accused me to be Gummy88 without proof... for ppl like u who just talked nonsense without proof.. i am going to challenge you..

if i am really gummy88, i will die horribly today.
If i am not gummy88, you will die horrbly today.

dare to take up this challenge if you have balls?
else, pls get lost from evergreen forum

starperformer:

is this not nonsense?

starperformer: Gummy88 is another new ID used by Dolly_chai lol. When people like this refused to accept the loss is when they use different ID to attack the critics lol

raider, u see how this pondan divert the topic.. he really dares not to be responsible for what he said before.. dare to accused ppl (falsely) but dare not admit..

am i afraid?
I did tell facts...
i am telling that 2017 onwards that evergreen will transform.. we invest in future...
but u just ignore that part..
i have to believe that you coward have your personal agenda to bring down evergreen price..

fact and truth?
no-ball starperformer...
accusing me as Gummy88 is fact and truth?

you really have no balls

come on la.. starperfomer, before u comment, use ur brain a bit la pls..

you still how naive he is to compare Evergreen and Hevea to telco companies...
I already said.. MDF has its own market and particleboard is not a direct replacement for all cases...

why did i say so? ok, i will give facts and put money into his pocket..

for example, some part of the bed frame / cupboard may require MDF material as harder option... can't simply use particleboard as replacement for strength requirement..

another example is the door... are u going to use flimsy and weak particleboard?

Kitchine cabinet.. u use melamine board and not particleboard unless u really want low grade boards...

different market, different spec, different price, diffe requirement..

starperformer still can;t see it..

keep being biased and promoting hevea for his own agenda...

and keep misleading forumers... and said particleboard can replace MDF...

if yes, why are the customers still buying MDF? MDF makers all bankrupt already lo...

and gummy88 really smacked him gaogao:

Gummy88 starperformer aka mr-know-it-all..haha..

so sarcastic of gummy88... if i were gummy88, i will not tell him off so softly.. so smack him in a harsher way...