ntrend what's your technical view? No one is interested to push it up. I could see that all seller has gone now. Otherwise some one would have sell down at 1.24.

Well by the look of it t + 3 has finished selling. should be safe to collect now.

You mean $4.2.

I believe there would be better opportunity tomorrow

not weak shareholder but contra traders being force to sell and no buyer to support it.

Just check the futures. Look like tomorrow is going to be another good day. Have fun. good nite.

Just be careful when you buy. buy on weakness tomorrow because lots of t plus 3 and t plus 4 due

It will have a good run today

Have fun tomorrow. Goodnite

Look like the price has been capped by syndicate forcing sellers to sell it at $1.20.

This counters should be trading between $8.80 and $9.80. It's on sale right now at current price

yes good volumn. Tomorrow will be another good day.DJ pre open is up 200 points

Short term TP within 14 days $1.36 - $1.45

technically it trigger a buy signal this morning. I expect it to run higher. next resistance is at 1.24

because of volatility, the share market offers you the prospect of earning a better returns, over the long term.

But you've got to be in it, to win it. Don't let the fear put you off. Time to collect before results come out

US pre market DJ is looking good right now. I bet tomorrow this counter will open higher.

won't be long. Once those who cut losses is gone it will rebounce.

because of volatility, the share market offers you the prospect of earning a better returns, over the long term.

But you've got to be in it, to win it. Don't let the fear put you off. I think it has been overdone. Time to collect before results come out

nbtrend sifu I take my hat off for you. Totally agreed with you to collect now or never.

Fear makes many investors act irrationally.They sell perfectly good investments for no other reason than being fearful of further share price falls.

They sit on the sidelines as many shares go "on sale" at share prices only a few weeks before they were perfectly happy to buy.

Yet the experts -- the people who've seen it all before, like nbtrend -- are using this bout of volatility as a buying opportunity.

I believe we should all buy aggressively now. You might not seen another sale.

I have picked some up at 1.13. will see whether it is a risk well taken on Monday. Have a great weekend all,

DJ futures look positive up on this morning's close. oil prices up a bit...so tomorrow DJ should be up and positive for Monday Bursa opening. Today's sell down is probably due to t+3 and t+4 traders force sell.

The research house raised net profit forecasts for 2015 to 2017 by 12.2% to 21.6% respectively, largely to account for a higher US dollar against ringgit assumption of RM3.80.

Source: HLIB 28/10/15

Evergreen Fibreboard Bhd Key Developments


Evergreen To Sell Land

Jan 7 16

Evergreen Fibreboard Bhd (KLSE:EVERGRN) intends to sell land. Kuo Jen Chiu, chief operating officer and vice-president, said that management may consider a special dividend, following the disposal plan for a piece of industrial land in Permai, Johor. “With the land disposal, we might have some cash to be considered as [a] special dividend this year,” he said.

Source: Bloomberg Business

Being an export company, I expect Evergreen to hedge the currency three to six months out.

US DJ drop this morning because of fear of oil prices trading below $30 till the end of this year which will result in bankruptcy of some oil companies and banks. The current over supply of oil plus the slow down of China is likely to weaken the oil prices further before it improve. I could not see how oil prices getting back to $40 until end of next year.

Private placement of 51m shares was at $1.36 inclusive of bonus. Those fund managers would not be so stupid to pay that price unless the value is higher than that

Valuation
• Maintain BUY recommendation with a higher TP of RM2.75 [$1.83 after bonus issue] (from RM2.53 previously), as we raise our earnings forecasts and roll forward our valuation base year to FY17 (from FY16). Our TP of RM2.75 is based on 11x FY17 revised EPS of 25 sen. We continue to like Evergreen for its strong earnings visibility, underpinned by a strong US$ (against the MYR), low key input prices, as well as management’s ongoing efforts to further improve its operational efficiencies and expand its product range.

Source: Hong Leong Investment Bank Research - 15 Jan 2016

Evergreen: Considers FY15 dividend payout. Evergreen Fibreboard, which sees the strong US dollar and low oil prices as positives for the group, is considering a dividend following a turnaround in its businesses. The executive director Mary Henerietta Lim does not rule out a dividend for FY15 if the group is able to achieve impressive growth in 4QFY15. The group’s net profit almost tripled to RM27.6m for 3QFY15, from RM10.1m a year ago as it gained from a strengthened US dollar. (Financial Daily)

someone is selling down his portfolio for one reason or another. I am happy to collect them at this level

By the way the above view is on the assumption that the DJ is held above 16k. You never know what is around the corner, Russia and Saudi might go bankrupt with oil prices cheaper than KFC.

@007 Evergreen was well supported around $1.26 on the first day of opening. It was also well supported around the same level before the new year. The time will come when everybody realise how cheap this share is fundamentally. The result will be out in two weeks. As long as the result is north of my forecast of $95- $100m I expect the price to have a good run.

There is nothing fundamentally to support the current price of 60c! be careful if you are buying

Thanks mate. Hopefully things will be better after the new year. Have a great new year in Msia. I am thousands of km away from Msia right now.

Have a great CNY all. Hopefully everyone will Huat ah...Heng ah .. in the new year.

I wonder whether the result will be out by the 12th Feb similar to last year. Look like a fire sales right now. I am accumulating.

Is there a good reason why the share price keep going down? Even if you discounts the exchange rate the PE for the next couple of years is still below 8. That look too cheap. It should be trading around PE of 10.

have you got the link to hotrod? don't worry. I am an ex CFO of an overseas listed company for a while. I tell people what I think professionally.

@JN88 where did you find the information on the possible sale of land?

My full year profit forecast is bw $95m to $100m. I would expect a dividend to be declare. If the profit is above $100m, I would expect the share price to have a good run.

nbtrend is a technical trader. The trend is your friend. Thanks for sharing your view. I have full respect for you. Technically I expect it to rebouce back to $1.35-$1.36 within a very short term. what's your view

I keep collecting at $1.27 this morning

correct fundamentally this company should be trading at around PE of 14 ie $1.72

The good thing is they have huge amount of rubber plantation

shd make about $100m to 31 Dec 2015. Result out on or around 26 Feb

correct accumulate

26 Feb 2016 is the estimated announcement of the result. Oversold Reversal. TP 1.66 SL 1.23

The share has been diluted by the exercise of warrant. Hence the price crash.

although palm oil prices is up the yield is down, Meaning the counter that own oil palm might not make as much. The decrease in yield is very noticeable as I own an oil palm plantation.

dividend is not bad. PE is low with high asset backing. Hang in there and you will be right