raider, starperfomer is a coward definitely.. he even accused me to be the same person as Gummy88... see, he is only good at cooking up something..
so i challenged him above but i guess he has no balls to take up...

starperfomer, do u dare to take up 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

to treat coward & loser like starperformer... u must go the harsh way...

olga, pls just ignore this stupid starperformer.. he has his own agenda to badmouth evergreen and push down its price.. if he is not interested in evergreen, why is he wasting time here? he missed the boat and wanted to push down the price so he can buy i guess..

he even "accused" me to be the same person as Gummy88.. from such i can tell that he only knows of accusing ppl without fact.. simply say... i will challenge him directly... see below

wow... seems like ColdEye was right to dispose his shares and no longer be one of the 30 major shareholders...

starperformer.. stop your biased comments.. we did not say hevea is bad.. there are strengths and weaknesses in every stock but you keep promoting hevea and sabotaging evergreen (evergreen has its advantage over hevea but you chose to ignore them and mislead the investors)...
dun act like you are so noble:

My agenda is to uncover and educate people so that they are not conned by people

your agenda is to PUSH up the shares that you have bought... everyone can see it... your hypocrisy makes us feel really sick of you...

who failed miserably in evergreen? i bought below 80sen and what is the price now? i am investing for 2017 & 2018 performance for evergreen... can't see it?

starperformer, it is how childish of you to trace my comments and retaliated here with your immature comments after you failed to convince the evergreen's investors at that forum.. grow up and be like a man... r u a master in interpretting financial reports? dun laugh die me... u sure you are better than me in reading financial reports? haha... get lost pls... grow up and dun do personal attack like a child..

did i say homeriz balance sheet is not healthy? I have been saying that the problem with Homeriz now is all about LABOR shortage!!! that is something very bad.. u see their last few quarter results.. it had been impacted by that issue.. can't see that? dun comment before u understand the situation and you are indeed too dumb to not get what i mean.. dun simply badmouth me and "accuse" me of things that I did not say..

another advice for starperformer, pls do not act like a childish boy and trace where i left my comments, that is very childish and immature..

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Post removed.Why?

Hi SuperLaber... agree with you... sad to see that the stupid government policy has caused good companies like Homeritz to suffer... seems like this labor shortage will further drag down Homeriz performance... very sad... even though not homeriz fault, but it will definitely impact their revenue and profit in a long run if this issue is not resolved....

haha....Gummy88 just whacked starperformer gaogao here... nice...

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starperformer, againm you are comparing an apple to an orange... particleboard is lighter and cheaper but it is not AN ALTERNATIVE to MDF... they are of different quality and density, thus diferrent strength... some furniture uses light weight and lower grade particleboard but some furniture still uses MDF due to its application.

So you cannot say particleboard can totally replace MDF..

You did not follow Evergreen's news so I don't blame you...
Evergreen temporarily stopped the particleboard production in 2013 as their machines were old and they needed to import new, more advanced automated machines to produce premium and better quality particleboard... it is not like what you so-called "KIASU" that is very biased of you... based on this word "KIASU" alone, we can tell how biased you are and how much prejudice you have for Evergreen. if machines are old and not efficient (thus causing higher operational cost, do you still want to use them? Of course not, that is why Evergreen bought new machines that can produce higher grade particleboard which Hevea cannot produce.)
So they have niche market to sell these particleboards, where Hevea can never tap into.

In terms of RTA expansion, i know it will take time but not necessarily 2 years like Hevea.. different companies have different management and speed. Don't judge Evergreen based on Hevea's past record. Ok, even if 2 years, so what? A good share that can give you potentially 100% or more profit, are you willing to wait for 2 years. Yes, i am.

Based on all your comments, I can conclude that you are indeed very biased and have much prejudice on Evergreen.

Otherwise, you have your own agenda trying to pull down Evergreen's price (as you know it is worth to invest), and are waiting to collect cheap. Otherwise, why spend so much time here at Evergreen forum?

and in terms of competition, why did i say they are not direct competitors?

See Evergreen 2015 Annual report, page 17:
On Our Market Share
We have market presence in more than 40 countries worldwide with over 600 customers base. Our market share in
Malaysia is 60% while the remaining is taken by our main competitor and other smaller players. All of our export sales
are dominated in US Dollars including export sales from our Indonesia and Thailand subsidiaries.

Evergreen has such a wide base of customers but Hevea's RTA and particleboards are mainly sold to Japan. Evergreen's sales are mainly to Middle East and South East Asia... and Hevea does NOT sell MDF...

So how could Evergreen and Hevea be direct competitors...

Yes, Evergreen is now expanding to build more RTA lines... but RTA market is big and there are different grades/types of RTA... RTA can be made of MDF and also particleboard with different specs... So I do not see they are competing with each other in this RTA market in the next few years too

starperformer, i am fully aware of what you have posted there...
but you have not understood what i am trying to say:

Hevea is almost done with its transformation into RTA business so the growth will be slow...

Yes, evergreen is relatively smaller in scale in terms of higher profit margin RTA business.. but they are going into expand into that (not just RTA) but also premium grade particleboard and value added MDF (veneer, etc) which will give better profit margin (than the 80% raw MDF that they are selling now)... that means, the transformation is on-going and the "growth" in business and profit margin will be huge down 1-2 years as compared to Hevea who is almost done with their transformation...

That is why i said Evergreen has much more room to grow as compared to Hevea. And when that happens, investors will be interested to invest in Evergreen.

sg999, that is only projection... of course, it is not guaranteed. but if you look at what the management wrote in the quarterly report:

If the acquisition had taken place at the beginning of the financial period, the Group’s
revenue and profit after taxation from continuing operations would have been
RM151.03 million and RM10.35 million respectively.

This means that DOSB has been quite consistent in making profit since early of this year... of course, whether they can sustain or not that is another question. Afterall, it is only a projection based on some past records as no one can tell what will happen in future, right?

Anyway, I am still quite confident that this is achievable.

as I mentioned before, Evergreen is investing in advanced automated machines that is more efficient and will reduce man-labor. That is why they spent more money on the capex. For example, they are investing in an imported new machine that can churn out thinner board to serve niche market (with better profit margin)... they were not doing that in the past... but they are now moving towards enhancing the profit margin by doing a lot of internal restructure to bring down costs (if you follow their latest updates)... that is why i am saying that Evergreen is "transforming" into higher margin market.. so the earning growth will be seen in 2017, 2018.... and that is why I said investing in Evergreen will potentially give more return as investors like earning growth (with improved profit margin as well).

you guys can see now why I said starperformer is a very biased person.
Actually he is not only a biased person, he is also not doing enough homework...
Why did I say so? he kept mentioning that Hevea and Evergreen are competitors to each other..
Let me ask him one question: Do you know what is the core business of Evergreen and Hevea?
I have mentioned it many times here but he seems to ignore that...

Ok, let me state in one more time... Most of Evergreen's sales are derived from MDF while Hevea is on particleboard.. if he does not even understand the nature of business between these 2 companies, where is his so-called logic? he is a real funny joker now...

Having said so, Hevea and Evergreen cannot be considered as direct competitors.
I know many ppl do not understand the difference between MDF, particleboard, plywood, veneer, timber, etc... for them, they will regard them as "wood" or "timber"... I hope starperformer is not one of them.. haha..

comparing 2 different business is not fair as different business requires different capital expenditure..

agree with hng33 and FreeAsABird...

that is why i chose Evergreen over Hevea. Not to say that Hevea is not good.

To me, Hevea does not have much growth in their business even though they are also profitable... most investors like "earning growth" so when they see continuous EPS increase, they will buy into that share...

bingo bleuerouge, both are well-managed companies. Just that we can't compare them directly as it is orange to apple comparison

raider... i agree that Evergreen has margin of safety based on the low P/BV at 0.704. around 30% of safety margin...

seems like now the directors are frying their own shares... they created the volume and uptrend, trying to trap small investors.. haha.. study the chart u will understand what i said... it is likely to be a trap...

Calm down both Starperformer and Stockraider... There are points taken from each of you but to be fair, this is what I think of:

Starperformer is too biased on Hevea and totally left out the strengths of Evergreen
Stockraider is too biased on Evergreen and totally left out the strengths of Hevea

Both are good shares to me.
Just that you have to decide which share will potentially give you more returns.

For me, Evergreen will likely give more return in one year (by end of 2017) as:
- huge discount to the P/BV
- big expansion plan on-going and will see net profit/eps go up significantly by end 2017

wow... this Chua is the MD (the boss/founder) of the company.. he also sold off this shares.. something bad may be coming...

as for the debts, Evergreen has over 1billion of equity and the net debt is only around 75million as you mentioned... so that is only about 0.075 of total equity.. is this not healthy and manageable? To me, that is pretty healthy and manageable.. and you are comparing apple to orange. Perhaps you do not understand in detail what business Evergreen is in... I am not saying Hevea is bad. I think it is a healthy company too. But, since MDF production requires much more capex, you can't just compare it with Hevea who mainly produce particleboard and RTA... so it is not a fair comparison to just compare the debt between hevea and evergreen like that... pls be more neutral, although i can spot that you are a diehard hevea supporter.

Please do more homework on Evergreen and you will know that 2017 is a year where Evergreen will turn into a new chapter of life, with much improved revenue as well as profit.

starperformer, you have not factored in the expansion that Evergreen is undergoing and the improved results will be seen in 2017. Your analysis on current stage is not fair for Evergreen.

Sorry, in my assumption above, I have not factored in the additional profit that will be generated from the 25% Polyplas that GESHEN just acquired (now GESHEN 100% owns Polyplas). So i believe 2017 EPS will be more than 28sen...

haha... unicorn, i like ur sarcasm... but it is always good to discover some hidden gem during winter before it is discovered by others during spring.. right?

Roy_Wong, that somebody is Najis a.k.a chicken king of donation

good one stockraider.. u have smacked those nay-sayers (who speak nonsense without facts) heavily on their faces... you are right, Evergreen's debt is manageable and its balance sheet is healthy... Those who claimed Evergreen is highly indebted have their personal agenda trying to bring down the share price - that is obvious...

wow.. 5 sen interim dividend! last year they only gave 4 sen... that means not only revenue/profit has improved, they are better with cash flow now.. good...

another sad news for furniture companies due to the stupid MO1's talk (in order to win more votes for him in the next GE)

http://www.enanyang.my/news/20161205/%E5%8A%B3%E5%B7%A5%E8%8D%92%E6%89%93%E4%B9%B1nbspbr-%E5%AE%B6%E5%85%B7%E5%87%BA%E5%8F%A3%E7%99%BE%E4%BA%BF%E6%A2%A6%E7%A2%8E/

Money168, agree with you... but it is a cruel reality that normally the directors will get the most benefits and only leave some peanuts for the lower level staff...

family mart will be the 3rd turbo engine for QL after its marine product and integrated livestock products... but in short term (gestation period), earning may not be too much. for mid to long term, it will definitely boost the revenue and profit... so i decided to still keep my QL shares...

KUCHING (Thursday)  Sarawak-based marine engineering and infrastructure specialist Hock Seng Lee
Berhad (HSL) has achieved sound progress across its sizeable project order book for the nine months up to
30 September 2016.
The company announced today that third quarter results for the three-month reporting period ended 30
September 2016 put pre-tax profit at RM21.82 million on the back of revenue at RM136.03 million.
For the nine-month period ended 30 September 2016, cumulative figures recorded pre-tax profit at
RM59.49 million from revenue of RM385.34 million.
“Our teams are to be commended for maintaining our continuous profitability, ensuring earnings are
generated from a diversity of contracts across the state to counter the outgoings required to get major
new projects off the ground,” said Dato Paul Yu Chee Hoe, HSL’s Managing Director.
“We have completed several contracts recently including road works for Tanjung Manis Halal Hub and we
are steadily working through the early planning and preparation stages of our mega-projects.
“Physical work has begun on the section of the Pan-Borneo Highway we are undertaking, while the second
package of Kuching’s Centralised Wastewater Management System is in the preliminary analysis and
investigative stage”, said Dato Paul Yu.
“Higher operating costs and the minimal recognition of earnings streams from the significant projects
secured in the first half of 2016, have slightly impacted on the strong margins and growth rates enjoyed in
recent years.
“However, we are picking up pace with both revenue and earnings improving this quarter compared to the
immediate preceding (second) quarter of 2016,” he added.
“We will be looking at substantial progress claims in the coming year, but at the current reporting period
we are not quite up where we were in 2015,” he noted.
For the third quarter of 2015, net profit before tax stood at RM23.66 million on the back of revenue of
RM158.44 million while the profit before tax for the nine months up to 30 September 2015 stood RM72.82
million from revenue of RM494.50 million.
On the upside, HSL is enjoying record orders. As at 30 September 2016, the Group had RM2.6 billion
worth of projects in hand of which RM2.2 billion was still outstanding.

“This is RM1 billion more than we had on the books at the same time last year,” said Dato Paul Yu.
As at 30 September 2015, the Group had RM1.6 billion worth of works in hand of which RM770 million
remained unbilled.
“At this juncture last year, we had expressed optimism that our technical capabilities in marine works,
road building and infrastructure would stand us in good stead to procure major projects on the
government development agenda and that has been borne out in the substantial growth of our order book
since then,” Dato Paul Yu added.
The Group secured new works worth some RM1.9 billion in the first nine months of 2016.
Meanwhile, HSL’s property sector, under wholly-owned subsidiary Hock Seng Lee Construction Sdn Bhd,
will open a new Hollywood Regency themed show home this weekend. The opening of the 2800 sq ft
duplex villa will be in conjunction with the release of the second phase of guarded and gated homes at
“Precinct Premiere”, part of its landmark 200-acre La Promenade mixed development project near
Kuching.
Launches for new residential products at other top-selling estates including Highfields at Batu Kawa and
Samariang Aman 2, both in Kuching, are also expected within the next few months, while sales of Vista
Industrial Park (VIP) industrial lots near Kuching have continued to be strong.
With various residential, commercial and industrial lots projects ongoing and in the pipeline, the property
sector is slated for further growth and an increasing contribution to Group revenue.
Looking ahead, HSL will remain occupied by its large order book and strive to be in a position to submit
more significant progress claims on its new mega-projects.
“We will still seek out additional works which suit our skill set with opportunities expected to be driven by
the urbanization pressure on our cities and the industrial development of the Sarawak Corridor of
Renewable Energy (SCORE),” said Dato Paul Yu.

Current Year Prospects
While the Group is now kept busy with project execution having successfully secured 2 major projects towards
the end of first quarter 2016, we will continue to bid for projects that are related to our core business in
infrastructure related works. The Sarawak Corridor of Renewable Energy (SCORE) initiative as well as the forces
of industralisation and urbanization provides further contract opportunities for HSL in the key SCORE growth
node towns of Tanjung Manis, Mukah and Samalaju and the major cities of Sarawak. HSL foresees the property
development segment with a variety of products will make greater impact on the business of HSL Group and is
preparing for new launches in 2016 and beyond.

SuperLaber, if you check on the latest 2016 annual report, ColdEye is no longer the substantial shareholder... i think he is smart... he sold off his shares before it dropped... perhaps he has some insider's news before he sold... but it is indeed sarcastic that he still promoted this share in his last talk although he sold off the shares already... so you can't blame manji to think that way... I do not think ColdEye wants to cheat the small investors (he is rich enough so I don't think he wants to do that)... but I also don't understand why he promoted this share, but on the other hand, sold off the shares... anyone can explain?

it seems like what Iloveshare said before was right, the share intrinsic value may just be 24-25sen, and it is now reflected in current price.

nono118, directors and boss are really laughing all the way to the bank with their much discounted ESOS... and the volume of ESOS is really high... that is really unfair for the shareholders...

due to the stupid BNM new policy of 75% revenue from export sales must be converted back to MYR in 6 months? BNM is indeed a failed body after Zeti was forced to leave... sad for Malaysia...

looks like revenue recognition for big projects (PAN Borneo & Waste water management) has started in Q3 and will further improve in subsequent quarters.... buy now and wait for the fruits to ripen.. ^^

as furniture makers are not as capital-intensive as MDF maker, so you are comparing an apple to an orange... It is not fair to say that Evergreen is bad as it requires more capital, it is just because of the nature of their business... so Mr Clown wahahaha, can you grow up and widen your knowledge before you comment? please....