see... until today, he selectively responded to raider's argument but dare not even answer anyone of my statement above...

loser is loser.. it is obvious...

why? he knows in his heart that he cannot fight back my facts

A list of statements that sissy sxckperformer has no balls to accept and respond yet as of today..

From knylck:
1) Loan repayment should be fixed every month, Short term loan figure shown in balance sheet is only the principal to be settled in the next 12 months (for financial statement presentation purpose only) so you should not directly deduct the total.
2) You exclude the fact that there is also cash flow coming in every month.

So your statement that the company is running low of cash is not valid based on your calculation.

From me:
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?

Based on latest balance sheet:
5) Net debt/Equity = 75.435M/1,111.168M= 0.0679 or 6.79% net debt/equity. Is this not manageable? is this not healthy? Compare with 2015, net debt has actually reduced.

Based on average FCF of latest 3 years (2013-2015) - to reflect a more accurate average value
6) Free cash flow Yield (CY = FCF/MC)
Net cash generated from operation (2013)=52.053M
Net cash generated from operation (2014) = 84.906M
net cash generated from operation (2015) = 119.913M
- average net cash from operation = 85.624M

CAPEX (2013) = 40.907M
CAPEX (2014) = 21.595M
CAPEX (2015) = 93.278M
- average CAPEX = 51.927M

Average FCF = net cash from operation - CAPEX = 33.697M

market capitalization (MC) = RM0.97 * 820.607M shares = 795.99M

Free cash flow yield (CY) = FCF/MC = 0.0423 or 4.23% (>4% which is good)


This means that every RM1 you invest in Evergreen, you receive cash yield of 4.23% which is better than normal FD rate...

farker idixt dumbaxx sxckperformer is really brainless, the way he talks...

idixt sxckperformer, if i were u, i would go bang my head on the wall la...

toh sui gar

see... until today, he selectively responded to raider's argument but dare not even answer anyone of my statement above...

loser is loser.. it is obvious...

why? he knows in his heart that he cannot fight back my facts

A list of statements that sissy sxckperformer has no balls to accept and respond yet as of today..

From knylck:
1) Loan repayment should be fixed every month, Short term loan figure shown in balance sheet is only the principal to be settled in the next 12 months (for financial statement presentation purpose only) so you should not directly deduct the total.
2) You exclude the fact that there is also cash flow coming in every month.

So your statement that the company is running low of cash is not valid based on your calculation.

From me:
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?

Based on latest balance sheet:
5) Net debt/Equity = 75.435M/1,111.168M= 0.0679 or 6.79% net debt/equity. Is this not manageable? is this not healthy? Compare with 2015, net debt has actually reduced.

Based on average FCF of latest 3 years (2013-2015) - to reflect a more accurate average value
6) Free cash flow Yield (CY = FCF/MC)
Net cash generated from operation (2013)=52.053M
Net cash generated from operation (2014) = 84.906M
net cash generated from operation (2015) = 119.913M
- average net cash from operation = 85.624M

CAPEX (2013) = 40.907M
CAPEX (2014) = 21.595M
CAPEX (2015) = 93.278M
- average CAPEX = 51.927M

Average FCF = net cash from operation - CAPEX = 33.697M

market capitalization (MC) = RM0.97 * 820.607M shares = 795.99M

Free cash flow yield (CY) = FCF/MC = 0.0423 or 4.23% (>4% which is good)


This means that every RM1 you invest in Evergreen, you receive cash yield of 4.23% which is better than normal FD rate...

beg me and i will give u a basic fundamental class FOC.. haha

until now u are still running away like no-balls sissy so why the heck r u still talking cxck here?

dunno how to interpret balance sheet and cash flow is it?

haha.. farker sxckperformer acts like sifu in MDF again.... whereas he knows nothing...
pls la.. i wanna vomit d...

come on la sissy no-balls, answer to knylck first... answer to me first before u talk cxck

got own agenda is it?

wanna collect evergreen at lower cost is it?

haha.. caught red-handed

if u dunno, just admit..
if u did mistake in your statement, just admit....

loser is loser...

maybe he already knew his statements were wrong.. but purposely wanna sabotage evergreen..

farking retarded idixt.. haha...

haha... u guys can see it or not...

this idixt sxckperformer never dare to admit his mistake in interpretting Evergreen short-term loan, after knylck pointed out he was wrong...

haha... then what this loser said? exactly like i predicted.. knylck is another ID by someone... haha

and never dare to talk again on his wrong statement..

see, half tong water is like that one lar...

typical loser.. go back learn your financials first la before you wanna act like fundamentals sifu.. disgusting dumbaxx

Post removed.Why?

tksw, but the price is still declining as of today... and there is no clear sign of recovery for plywood due to gloomy economy...
flbhd is in my watch list but for now i think i will not make any move until i can see a clearer picture

k6ii, let me ask God first and then i tell u....

haha... when ppl are worried, i am more than happy to collect more at lower price... thanks for selling...

my last call before it is too late for you guys --- BUY!!!!!!!!!!!!

for a cash cow like Zhulian with 103.459M cash on hand (that is 22.5sen/share of cash!)... and zero debt...
dividend yield at 4.6% (could be higher as Zhulian normally pay more dividend when earning improves.. they used to pay 12sen dividend a year when they were doing really good in the past)... and more importantly, the recovery + growth:

- We also expect 2017 sales will be mainly driven by the export
sales. (strong USD is good)
- The Group will continue to improve the effectiveness of R&D in developing various niche products,
introducing more promotional campaigns and improving the quality of our consumer service. In FY 2017,
the Group has planned to develop and launch new products in both local and overseas markets to enhance its
market share.
- We will capitalise on the strong positioning of the Group in Thailand and Myanmar for further market
expansion into other Indochina countries. Currently, we are at the final stage of company incorporation
process in Laos and Cambodia whereby both of the companies will be under the control of Zhulian
(Thailand) Ltd. ---- expansion into Laos and Cambodia huge market where MLM is still not saturated like Malaysia...

Zhulian is worth at least RM1.80-RM2.00 so buy now before it is too late

read this from the latest QR:

The revenue for the current quarter under review of RM51.909 million was higher than the immediate
preceding quarter’s revenue of RM44.010 million. This was mainly contributed by increase in local sales
and overseas sales.
The current quarter’s profit before tax of RM26.321 million was higher as compared to the immediate
preceding quarter’s profit before tax of RM7.800 million, which was in line with the increase in revenue,
share of profit, coupled with the increase in foreign exchange gain.

i have been telling that recovery of Zhulian's earning is on the way back in Nov 2016

wow123 is now thumping his chest... haha.. if he had listened to my buy-call 2 months ago, he is now laughing all the way to the bank like i do...

good CNY angpow from Zhulian!!!!!!!!

yes.. i agree with knylck...

i think the reason is many ppl start selling flbhd after getting the 6 cent dividend... before ex-dividend, it was around RM1.61-1.63 only... so the current price is actually already higher (if you count in the 6sen dividend)... so many are selling the shares now...

i am waiting to see how sxckperformer is going to pusing pusing his words again, after being corrected by our friend knylck...

haha... let's wait and watch the show on how this loser wants to tweak his words again in order to win his argument (despite knowing he is wrong again)...

get ready with your popcorn guys....

if sxckperformer can stop his shxt and cxck-talking at evergreen forum, i am more than happy to stop immediately.. he started that baseless, biased and false accusation so he should stop that

it is a shame of you to even talk about balance sheet if you do not know how to interpret it... lousy idixt... u know how to read cash flow? u know what is free cash flow yield?

sxckperformer: dun talk financial jargon.. i only look at debt alone..

hahaha.... laugh die me....

it is a shame of you to even talk about balance sheet if you do not know how to interpret it... lousy idixt... u know how to read cash flow? u know what is free cash flow yield?

sxckperformer: dun talk financial jargon.. i only look at debt alone..

hahaha.... laugh die me....

suggest u sign up a FVI (fundamental value investing) class first, before you want to act like sifu and talk cxck about evergreen's manageable debt/healthy balance sheet... u dunno how to interpret balance sheet, u only know how to eat shxt

u know what a typical loser is?

- who always want to win, despite fact is telling that he is wrong
- to manipulate statements to defend his wrong-saying just because he does not want to lose
- always act like fundamental sifu but can hardly understand valuations (simple FCF yield also dun understand, pls dun act like u r sifu la... very funny lo)...

haha.. joke ---- i believe

I believe you have no balls...

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

starperformer I believe Hevea is going to reward shareholders through the "internally generated funds" exercise to fund the new land purchase while re-adjust the share price consequently. A rewarding exercise to be announced soon.

i suggest u sign up a FVI (fundamental value investing) class first, before you want to act like sifu and talk cxck about evergreen's manageable debt/healthy balance sheet... u dunno how to interpret balance sheet, u only know how to eat shxt

u know what a typical loser is?

- who always want to win, despite fact is telling that he is wrong
- to manipulate statements to defend his wrong-saying just because he does not want to lose
- always act like fundamental sifu but can hardly understand valuations (simple FCF yield also dun understand, pls dun act like u r sifu la... very funny lo)...

u r such a low-class dxmbaxs...

sxckperformer, u better save ur gas from now on as no one will ever trust ur shxt anymore...

haha... sxckperformer shows how biased he is again... keep defending Hevea's management as if he knows the details of the transaction of land sales...

why so biased?

Hevea in his mind : perfect, the boss's fart is also fragrant..
Evergreen in his mind : shit, no use at all

whereas in others' mind (more neutral):
We acknowledge the strengths and weaknesses of each company

i think later he will jump out and accuse (again, always with false accusation, normal la) that knylck & slts = dolly = raider = evergreen5101... haha... really talks like a loser...

slts, u r right, this idixt talk cxck everyday..

and you mentioned about the cash flow flowing in from operations... yes, i did raise that up before and also touched into more detail about the free cash flow yield.. but this half-tong water just could not understand but still wanted to act like fundamental sifu... that is really funny of this joker cum loser..

and again, you have slammed his face hard that his so-called facts are all false and manipulated...

guess what? from the thread of his posts, we can already tell he has a very bad motive/personal agenda to sabotage evergreen... caught red-handed over and over again...

knylck, thanks for being neutral...
unfortunately it is hard to educate dxmbaxs like sxckperformer on the accounting...

why?
he is a typical loser who wants to act like sifu despite the fact that he knows very little

Skliew.. i checked already, indeed, plywood price has been declining since Aug2016

http://www.indexmundi.com/commodities/?commodity=plywood

http://www.indexmundi.com/commodities/?commodity=plywood

plywood price is declining since Aug 2016

agree with stockraider... that is the not-so attractive part of prolexus...

note that net profit margin has also been improving from 6.5% to 7.4%

red_85, i doubt if you had really checked the data before you commented...

see this:
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=8966

both revenue and net profit has been growing from 2013 to 2016 (without a miss)....

pls la, before you commented, at least do a simple check so that you wont be misleading ppl...

wah raider.... good move....

slts, what do u expect from low-class idixt like sxckperformer?

haha.. you expect he knows a lot on accounting?

he has been acting like sifu in accounting for a long time but when i showed him valuations on free cash flow yield, he could not understand and blamed me for using financial jargon (really sounds like KYY accusing sifu KCChong...)

See, he has been manipulating his statements, again and again just to sabotage evergreen...

he is indeed a farked-up low class idxit...

u r welcome.. yes, i am fully aware of that too... TQ

Pansar as one of the major suppliers on these engineering and building products/materials/hardware/tools/equipment will definitely benefit from more construction and property development projects....

why?
Think for urself... do construction and property development activities require these products/materials/hardware/tools/equipment?