Jeremy_Chew

Jeremy_Chew | Joined since 2018-08-10

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Stock

2023-01-06 12:18 | Report Abuse

@sense maker, i agree with you. EVERGREEN is one of the most under-rated companies in Bursa. It can make around 8sen EPS in a full year and just do a simple valuation at PE of 10, it should at least worth 80sen in the share price. Buying the share at below 40sen has huge potential to make great return up to 100% return

Stock

2022-10-06 14:03 | Report Abuse

hidden gem... net cash company, should worth >RM1

Prospects
Our country has entered into the endemic phase of Covid-19 beginning 1 April 2022, and this
recovery is expected to gain momentum in 2022. This is underpinned by several factors
including continued expansion in external demand, full upliftment of containment measures,
reopening of international borders, and further improvement in labour market conditions.
However, there are uncertainty in both marco and micro economy activities that is triggered by
geopolitical concerns, inflation, foreign exchange volatility and liquidity tightening across the
market.
Despite all the uncertainty, the Group believes that the growth of the Group will be supported
by the steady demand for smart lighting and LED lighting in view of the increasing global
demand for LED lighting to replace conventional lighting in order to increase energy efficiency
and reducing in carbon footprint. Furthermore, the Group also believes it will benefit from the
global development of set up smart cities which helps to meet sustainability goals by enhancing
city living and utilise superior technology such as Intelligent Light Control System and sensors
to address economic, social and ecological challenges of the city while reducing costs.
For our transformer products, the established well-known brand name of QPS remain the key
player in the local low voltage transformer market. We believe the sales momentum will drive
upwards, particularly in data centres industry and with the implementation of “Industrial 4.0”
within the South East Asia (S.E.A.) region.
Barring any unforeseen circumstances, the Group believes that the overall performance for the
financial year ending 30 June 2023 will remain satisfactory

Stock

2022-09-27 11:01 | Report Abuse

hi sense maker, Evergreen is now growing its downstream (knock-down furniture) business in huge pace and also producing more higher grade / enhanced wood product. they are not only producing pure MDF or plywood, but also enhanced wood product which garners higher profit margin.

Stock

2022-09-27 09:24 | Report Abuse

the Group has achieved positive and improved results in the first half
of 2022, compared to the same period in 2021. With our diversified base of
operations in Malaysia, Thailand and Indonesia as well as having multiple income streams from raw boards to downstream, the Group manages to draw on the
strengths of each country and market segment to mitigate the shortcomings. The
Group is also seeing the benefits from expanding its downstream activities and
from past investment in automation and cost restructuring which has resulted in
more contributions from downstream as well as a leaner cost structure. The
improvement in market demand for furniture has also been capitalized by the
Group with improvement in average selling prices

Stock

2022-09-27 09:21 | Report Abuse

from Q2 report:
The Group’s revenue for the quarter ended 30 June 2022 increased by 54.8% or
RM116.80 million to RM330.11 million from RM213.31 million recorded in the
preceding year corresponding quarter. The increase in revenue was mainly
contributed from higher average selling price and sales volume from all major
category of products.
Profit before tax for the quarter ended 30 June 2022 increased by RM18.55 million
to RM23.13 million from RM4.58 million recorded in the corresponding quarter of
the preceding year. Despite higher raw material cost, the higher profit was mainly
contributed from higher margin resulted from higher average selling prices and
higher foreign exchange gain.

Stock

2022-09-27 09:19 | Report Abuse

EVERGREEN 2022 first 2 quarters already earned 4.24sen, whole year will earn close to 10sen due to stronger USD / MYR rate. Do you think it is worth only RM0.40? Come on, apparently some big crocodiles are pressing the price down to collect. Just assume PE=8, easily the price can go up to 80sen or more!

Stock

2022-02-28 10:14 | Report Abuse

dont forget its nett asset per share is RM1.22 or 122sen. so P/B is super low at 0.43x....

Stock

2022-02-28 10:12 | Report Abuse

that means there is a chance to earn around 54% if you buy at current price of 52sen

Stock

2022-02-28 10:11 | Report Abuse

one quarter earn 2sen EPS, do a rough calculation, one year around 8sen. simply assume reasonable PE at 10m the share price should worth at least 80sen

Stock

2019-05-27 13:36 | Report Abuse

key note from the link above:
他称,像大马服装纺织业的代工订单大为增加,不少欧美服装大牌子都将代工从中国转移到大马。

guys... with the US-China trade war, Nike and UA are moving more contracts out from China to countries like Vietnam and Malaysia, Indonesia.. etc... Prolexus is going to benefit a lot from the increase in sales order.. in fact, I believe they have already received additional orders from Nike & UA.. let's wait and see for the next few quarters.. hehe... hold tight, the flight is going to depart very soon!!!

Stock

2019-04-24 10:57 | Report Abuse

too bad it is only about 25% of my portfolio now... thinking whether to sell other stocks to buy more now... hmm....

Stock

2019-04-24 10:56 | Report Abuse

i didn't know about this.... and just got to know... See statement below:

STC is also among the largest manufacturers of industrial lighting in Southeast Asia.
Read more at https://www.thestar.com.my/business/business-news/2019/04/22/success-transformer-seen-benefiting-from-led-street-lights-plan/#ybgLYejZQ19IHegJ.99

Stock

2019-04-24 10:54 | Report Abuse

agree with what icon said... they were above RM4 (before share splits).. that was their best time when their sales and profit peaked.. so after the share split.. it is likely to hit back RM2 if the sales and profit keeps increasing due to the street lamp projects... overall, very bright prospect..

Stock

2019-04-19 16:18 | Report Abuse

ya icon... it is way below its NTA and still a very profitable company... and net cash position too.. where to find? ahhahahaha

Stock

2019-04-19 15:42 | Report Abuse

i am glad that i am still holding tight to this share.. hahahahahaha

Stock

2019-04-09 09:24 | Report Abuse

guys.... this counter looks extremely appealing to me now... anyone has any comment why not to jump in now?

Stock

2019-04-08 12:22 | Report Abuse

wow... nice... good for SUCCESS

Stock

2019-03-06 15:48 | Report Abuse

what happened to Prlexus today? ate tongkat Ali?

Stock

2019-02-27 13:41 | Report Abuse

Good to see that more and more ppl are interested in this share.. i have said in a few months ago that this is a very undervalued stock... i am expecting at least 100% return for my portfolio before i sell

Stock

2019-02-11 10:54 | Report Abuse

good to see Icon sifu is promoting SUCCESS as well.. hehe...

Stock

2018-12-13 13:12 | Report Abuse

company buys back share because they are confident of their future prospect and think the share price is currently undervalued... and of course they can sell back later and lock in profit for the company, why not?

it is one of the many ways to increase profit, while they can also concentrate on selling their core products at the same time... yes.. i mean at the same time.. why not?

can you not be so stupid, please? Halite....

Stock

2018-12-13 13:10 | Report Abuse

halite is really stupid

Stock

2018-12-13 10:07 | Report Abuse

company is doing a lot of shares buy-back.... i hope this signifies a message that my fundamental analysis on flbhd is correct... i will just keep buying...

Stock

2018-12-03 15:56 | Report Abuse

finally found some info about the impact of mega project costs-cutting... as expected, HSL is not affected by the costs cutting activities:

According to the Ministry of Works, overall progress for the PBS project advanced to 35% as at Oct 2018, from 30% in June. A final cost reduction of MYR660m (4% of the original MYR16.5bn) was also determined, and will come from lower project development partner (PDP) fees, leaving the value of construction packages unchanged. This, in our view, lifts the risk of a reduction in HSL’s PBS contract value.

Stock

2018-12-03 15:47 | Report Abuse

looks promising on their prospects:

Current Year Prospects

With a record order book of RM3 billion with some RM2.4 billion unbilled, the Group will be busy on work
execution. There has been an increase in the construction activities which has translated into higher revenue
since the Fourth Quarter 2017. Revenue growth has been registered in both the construction and property
development sector in the third quarter of 2018 compared to the second quarter and such trend is expected to
continue with improved profits. The State Government of Sarawak recently rolled out several mega sized
projects such as the Coastal Road and Trunk Road Project as well as water works projects and these contracts
are mostly in pre-qualification or tendering stage. Project procurement is undertaken in line with our prudent
project management strategies, taking due consideration of the capacity, capabilities and competitive advantages
of the Group. HSL foresees the property development segment, with a variety of products on offer, will make a
greater impact on the business of HSL Group in 2018 and beyond.

Stock

2018-12-03 14:08 | Report Abuse

abang_misai bought a lot already?

Stock

2018-12-03 14:07 | Report Abuse

Seems like 2019 business will improve with more orders secured for the apparel business. Advertising business is also expanding. For the fabric/textile mill that just received OC in Oct 2018, it will not contribute much in 2019 due to the "gesture period"... but for long term, this is a vertifically integrated business that can control costs and supply chain...

if you have holding power and adopt mid to long term investment strategy, probably can start accumulating this share now... look at their past years record (before 2017), they have good records...

the question now is... can they really improve to what they used to be (before 2017) or even better?

that is a bis question... and who are their current competitors? btw, Magni is not Prlexus direct competitor as they produce different kind of apparel materials for Nike.

Stock

2018-12-03 14:00 | Report Abuse

from Annual Report 2018:

FUTURE PROSPECTS
Despite challenges faced in FY2018, the apparel division
is expected to improve its revenue contribution to the
Group in the next financial year by securing more orders
from existing and new customers. Further improvements
in efficiency and cost control measures will also be
implemented to remain competitive and strengthen the
Group’s profitability.

The advertising segment is expected to contribute
positively to the Group’s financial performance in the next
financial year. Moving forward, the advertising segment
intends to expand and add more digital outdoor screens in
strategic locations throughout Malaysia.

The completion of our textile mill is an important milestone
for the Group. The Group is expected to benefit from
internal procurement of knitted fabrics with gradually
improved profit margins and control over the supply chain.
External sales of knitted fabrics will also provide the Group
with additional source of revenue stream. Nevertheless,
we expect the textile mill to have a negative impact on
the Group’s financial performance for the next financial
year due to low capacity utilization in its initial years of
operations.

Stock

2018-12-03 09:03 | Report Abuse

yup.. focus lumber is also another good counter, cash rich...

the good things i like about Evergreen are:
1) wood/timber related stocks have up-and-down cycles. It is almost (if not already) at the bottom of its down cycle now and the share price has hit the lowest in its history (first time hit below 40 sen)... it was lowest at 42 sen back in 2013/2014.

2) its net gearing ratio is improving from years to years. They used to have a lot capex to expand, but now they have almost invested the major capex that they need and I don't foresee a lot of $$$ will be injected for capex for the next couple of years.. their total debts have reduced. healthy debt/equity ratio.

3) it has a lot of tangible fixed assets. NTA is RM1.41, but share price is only RM0.395 now. NTA is 3.6x of its current share price.

4) Evergreen is the largest MDF producer in SEA. top 5 in Asia. And they recently expand heavily into diversification such as particleboards & RTA (Ready to Assemble furniture) which have higher profit margin than MDF. So even when market was poor, the small players will be wiped out first (just like what happened in 2011-2014) when economy was bad, many small MDF players closed shop. With that, total MDF supply in the market reduced and those players who still survived (Evergreen was one of them) came in to fill up the market demand. that 2015-2016 was great year for Evergreen. Again, bcoz this industry has a cycle. So just invest when everyone pulls out.. hold and wait... its peak will come back

Stock

2018-11-30 15:09 | Report Abuse

Seems like HSL is not affected much by the change of government / cancellation of mega projects... the latest results still look good!

Stock

2018-11-30 15:04 | Report Abuse

wow... 0.385 now... really attractive now...

Stock

2018-11-30 14:36 | Report Abuse

George Leong, very well written analysis.. keep up the good work!

News & Blogs

2018-11-27 10:19 | Report Abuse

i suggest you can also use EV/EBIT valuation to calculate as this is a cash-rich company with zero debt, EV is much lower than Market Cap and hence it is even more attractive at current price.

News & Blogs
Stock

2018-11-28 13:06 | Report Abuse

i am going to start accumulating it.. the volumes are very small for this share.. u guys can also slowly collect if you are convinced...

Stock

2018-11-29 13:44 | Report Abuse

in their annual report, management also indicated that 2019 performance will improve. Q1 EPS is 2.37sen... assuming a flat or slightly better results for the next 3 quarters, full year EPS could be around 10sen...

and their total LT & ST debts are almost same as their cash & short term investment... minority /non-controlling interest is minor, so EV is almost same as Market Cap...

so let's just simply use P/E in this case... assuming 8x to 10x PE, this share is easily worth 80 sen to RM1.00

at current price 54.5sen, that is 47% to 83% of share price appreciation margin...

Stock

2018-11-29 13:30 | Report Abuse

to me, IoT (Internet of things) and Smart Cities are the future trend... bright prospect there...

Stock

2018-11-27 11:20 | Report Abuse

to understand further.. i studied their latest annual report...

frankly speaking.. i don't see much hope for process equipment to turnaround and make huge profit.. as long as they don't make a loss anymore and have a small profit.. that will already be great..

what i am looking forward is their lighting business.. the future busines... you guys can read here (extracted from their annual report):

B. New Products Launch
By the year 2020, 30 billion different devices are estimated to be connected to the internet generated from the
Internet of Things (IoT) adoption. Hence, we had a breakthrough in the design of a new LED street light model,
Trimax to further complement the IoT era in a modular approach.
It is not merely a luminaire anymore; its future-proof and flexible multifunctional hub are able to integrate
unlimited possibilities of hardware technologies, particularly in terms of hardware installation. These technologies
mainly involve with outdoor systems such as wireless sensor network, communal public services, security and
surveillance.
Aside from offering well-isolated thermal management between the modules, Trimax represents an ideal solution
for meeting today’s and future’s demands of a smart and safe city.

C. Penetration into New Markets
The Group continues to expand into ASEAN and European markets. The Group creates better and greater
awareness through participation of various trade exhibitions in those markets throughout the year. The increase
in overseas sales show that our manufactured brands area steadily gaining market acceptance.
As the LED lighting industry continues to grow as a mainstay of lighting, we have introduced full lighting solution,
Intelligent Lighting Control System

Stock

2018-02-27 11:31 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5986981

not sure if anyone noticed this ... 2019 Q1 (jusr released) has recovered from a loss of 7.94mil (LBT) to a profit of 9.61mil (PBT) due to improvement in both transformer/lighting & process equipment segments...

Stock

2018-10-27 11:34 | Report Abuse

good to see the recent drop.. i collected more today.. thanks to our smart Nobita... hehe

Stock

2018-10-10 14:25 | Report Abuse

wow... finally hit my target entry price (below 50 sen)... bought some today.. btw, anyone knows why it drops so much today?

Stock

2018-09-05 11:21 | Report Abuse

hor seh liao... the only doubt that was raised previously has now been resolved...
Government just mentioned that the Pan Borneo project will not be cancelled and will continue...
Great news for HSL indeed...

and i always think that no political party will dare to touch Sabah & Sarawak projects..
they need their votes so much (that these votes are very critical to decide who win the federal government...

and HSL is one of the leading marine & construction companies in Sarawak...

Stock

2018-02-28 13:29 | Report Abuse

I was talking about 0.50... but 0.51 is really close to 0.50.. anyway... i went in to see late today.. already at 0.535.. and it is 0.54 now.. so i will not enter now... wait...

Stock

2018-08-29 10:46 | Report Abuse

moneykj... your 2 facts above are correct on:

1.stronger USD and 2. lower production cost by lower log and glue price

but the uncertainty is if their average selling price keeps going down (has been going down since Q1 if you look at their comparison comments for 2018 Q1 & Q2) and if the drop of the average selling price is more than the impact they gain from stronger USD & lower production cost...

then their net profit will drop also... we just dunno which one has the bigger weightage...

just my 2 cents...

so it is hard to say for sure that they 2018 Q3 results will be better than 2018 Q2 or 2017 Q3...



uncertainty is still on the average selling price as that directly impacts the profit margin...

Stock

2018-08-28 13:32 | Report Abuse

today's drop provides good chance to buy now... stellar revenue and profit in the consumer & industrial markets...

can you not use sanitary pad/diaper? no...
can you not use air cond and car insulator? no...

there are no other replacement for these items.. the matter is whether there are other competitors who can beat Ocncash in this business.,,,

so far i dun see they have been challenged,, in fact, they have been growing in revenue and profit over the past 5 years.. still growing.. getting more diaper business in Japan too...

Stock

2018-08-27 11:57 | Report Abuse

firehawk.. got give la.. i already mentioned above... read again

Stock

2018-08-28 13:36 | Report Abuse

i don't do TA like some trader/speculator/conman did to cheat ppl, i talk based on FA and facts...

Stock

2018-08-28 13:35 | Report Abuse

one note:
if you look at the description of how profit before tax was derived for this quarter..
foreign exchange gain this qtr is 5.518mil, compared to forex loss 2017 Q2 of 3.394mil..
so the difference is about 8.912mil (assuming zero loss or zero gain)...

Operating profit is already down from 57.24mil to 55.691mil. and if you put in the diff of 8.912 mil..
you can see that they are doing worse in net profit (if not taking into account of forex gain/loss) compared to q2 2017...

net profit q2 2018 (including forex factor) = 12.119mil
net profit q2 2017 (including forex factor) = 6.58 mil
difference = 5.539mil only (versus the diff of 8.912mil).

so i don't see a recovery in Evergreen yet... not sure about Q3, but definitely not for Q2...

Stock

2018-08-28 13:26 | Report Abuse

The drop of price after Evergreen released its quarterly results is not without reasons:
1) If you did not read properly, you thought the results improved. In fact, it is not a clear picture of it. The increase in profit before tax is mainly due to foreign exchange gain versus forex loss last corresponding qtr.
2) Average selling price has dropped. That means they are selling more in quantity but profit margin dropped. Not a good sign.
3) In the prospect column, management indicated a more challenging second half of 2018

I would only consider it if it drops below 50 sen, seriously...