1.20 hahaha..i tak boleh tahan when i read those jokers comment here, CIMB target price 2.37, . almost 50% discount, i will showhand this time if 1.20. below 1.40 i will start mari again, price 1.40-1.50 is still consider cheap for me. 1.50 close for end of the year 2016 that is ok loh, next year 1.80 cukup loh. if 2.00 it will be bonus, so, Buy Call..

heave eps comparison is stronger than FLB and expect to up again next quarter...no worry, it can keep it as investment for the further growth.

when it price drop, a group of expert said 1.20 lah, tomorrow drop to 1.40 lah...bababa....ya...when it up all of them are missing... USD 4.46, expect RM will drop to 4.50-4.70. hope for the special dividend in future LOl ^^

USD 4.4445, it keeps moving up, may be hard to get cheap price

1.40 on-q, but i cnt get it...hai ya..

from my point of view, we are no need clear our stock as long as USD currency is still Strong and company performs well, if you clear your stocks, what stock you are going to buy? 3 yrs ago i already hold this stock, i bought and i sold, repeatedly i bought and i sold again, at the end i come back, missing part of the best chance to get huge profit. so, if company continues doing well and continue pay high dividend in future with less debt. i think no need to sell it except you get company better than hevea and company is no further growth.

《FOREX GAIN 是bonus，可遇不可求》

Hevea 在今天终于公布了 FY16Q3 的季度业绩。 就如 bluefun 小弟昨天于文章里所提过的“美金优势” ，预测“出口股” 在 FY16Q3 的 revenue 会微增，而 profit 与 EPS 则会微降， 因为 FY15Q3 正值 FOREX gain 的最高峰期，所以就会面对所谓的 "profit pressure"。

Net profit：
FY15Q3 - 18.116m
FY16Q3 - 17.233m

EPS：
FY15Q3 - 4.44cents
FY16Q3 - 3.70cents

当然 bluefun 手中并没有 crystal ball 能准确预测一家公司的季度业绩，不过 “美元优势” 对于一家“出口股” 的结果可是可大可小的。

当然 net profit 与 EPS 若比起去年同季度退步不一定说公司盈利不好，就如 bluefun 所说的，很多投资者把退步当成 "世界末日"。 试问着，有哪一家公司是一直维持进步的季度业绩？？ 在这经济充满严峻的考验，YTD 比起去年好就已经不错了 XD

除了 profit 与 EPS， cash flow其实蛮重要的，还有 changes in inventories, receivables, payables, debt & cash。Overall 还是得看啊，就如你喜欢一位女生，难道你只注重“她的样貌”，而忽略了她“内心的一面”， 哈哈哈 :P

根据文告， net profit 微降是因为受到 minimum wages 于 2016年7月 implementation 的影响。 若仔细分析 Hevea FY16Q3 季度业绩的话，这一个季度公司面临 0.877m 的 realized FOREX loss，若比起 FY15Q3 的 realized FOREX GAIN 4.99m。

以下就是公司季度的 realized FOREX GAIN/(LOSS)

FY2015：
Q1 - 2.873m
Q2 - 1.220m
Q3 - 4.985m
Q4 - (2.645m)

FY2015 - 6.433m

FY2016：
Q1 - (1.193m)
Q2 - 2.957m
Q3 - (0.877m)

YTDQ3 - 0.888m

当然 bluefun 说过 FOREX 的优势是一把 “双刃刀”，若是 net currency exposure 是 positive 的话，foreign currency 的强劲将会带给公司 positive 的 impact，例如 increasing in revenue/net profit/cash。

而若是 net currency exposure 是 negative 的话， foreign currency 的 强势则会带给公司 negative impact，例如必须偿还更多的 interest on borrowings，更多的钱于 oversea vendor，而无形中造成 realized in FOREX LOSS。

摊开 FOREX，hevea 的现金流 cash flow 依然良好，处于 Free cash flow 的状态。而 debt 也逐渐减少了只剩下 15.1m。 公司 cash on hand 110m，处于 net cash 94.9m 的 position。

Hevea 也宣布了股息 1.3cents 于 FY16Q3，比起 FY15Q3 的 0.5cents好太多了。

P/S: 纯属分享分析与吹吹水，买卖还是问你自己心里的声音 :)

凡事都有两面，看好看坏看你自己。

Think different, think out of the box

:)

bluefun
22.11.2016

invest1188, i just worry you cnt get it turnaround. good luck

see clearly, invest1188, which stock we shall buy???

FLB EPS 2.79 Price 1.55
Hevea EPS 3.70 Price 1.50

invest1188, you remember to sell all your stocks tomorrow hahaha

this company will continue to pay higher dividend, a printing cash machine oh....lai lai lai...

opportunity is coming tomorrow lol ^^

i believe saltedfish is the hevea operator, he is always here, up and down depended on their group, just nearly hevea have many buyers, they keep missing stock when they pushed the price down, i called my gang to accumulate it when it drop, when there is no choice for them, they only can choose to push it up to avoid continue missing stock.

Bunny become lonely ..lol ^^

easily 1.60 if you believe me, if you hold more than a year it could be 1.60-2.00

it is giong to fly to the moon ..lol ^^

hahaha...

gogogo, dont believe bunny, may be he is another salterfish lol^^

sold some to get some contra profit and re-q..lol ^^

if Trump win, USD could be 4.50, if Clinton win, USD still remain 4.15, buy when it low.

USD 4.22..according to many financial institutes, dollar will raise if trump win the election

it is chance to accumulate more stocks

hahaha...dont worry , i just get some lol ^^

A Trump presidency could cause the dollar to rise again

no need care about the price for the moment, just care about the future prospect of the company and the business performance as a long term investor.

new comer, valuelurker, i just worry it is not back to 1.20, come come come saltedfish no. 3 lol hahahaa

as long as the buyers more than sellers, buyers who is keep for long term, operator will going to loss if they sell it cheap.

saltfedfish gang who is the operator is unhappy my gang and i collected some from 1.35-1.39, that why they pushed it down, expect us to sell to them, you guys remember to collect it Gao Gao when it drop further again, last buy call before quarter result out, if the result is excellent EPS between 5-6 sen, you guys can 'sailang' liao... my gang bought to entitle dividend yearly, saltedfish gang will fail if they expect us to sell it to them, thats why i call u guys buy. lol

it depends on the need of the syndicate, remember to buy and keep for a year it will bring you great return except the poor quarter earning result.

cjlim, no, quarter report will out next month, probably hevea will get good result and better than previous result, last quarter report counted based on USD 3.90, now USD4.20, this will favour to the heveaboard in long run, they pushed down the price just to collect more stock.

jack wong is another saltedfish lol

good! i can accumulate more...

such a good idea

It will drop normally when i bought, come lah, waiting your price drop again

just bought some again this morning for long term..lol ^^

Jack wong if you are not saltedfish gang, i suggest you buy it b4 it is too late. good luck lol..

i think it is super hard to drop to 1.20, bcos they collected from 1.20 to 1.46..if they pushed it down again to 1.20 which meant that the operator who is controlling the price will going to loss from the price they bought from 1.20 to 1.46 in the market

bunny is salterfish gang lah..hahaha..1.37 i just bought some, it drop further i will buy again...USD 4.20 now, buy as much as you can if you are long term investor...

ce0808, this target price 3.02-3.20 is not giving by me, but from the comparison of the other stocks in the bursa malaysia, companies who are with such earning profit average price are from 1.50-2.00

[分析冷眼大师选股] NO.2 HEVEABOARD BERHAD

今天继续分析第二支冷眼大师大量持有的股，总共持有八百万令吉（包括HEVEA-WB), 其实大师已经在这个公司赚了很多，可能当初投资时成本不到一半，所以说每一支他所投资的股我都会从基本面去学习。

HEVEBOARD 是一家生产particle board 和 ready to assemble products 的工厂，简单来说就是一家板厂。最近几年生意可以说是好得不得了，从2012年净利15.4M到近一年的79.24M (+520%) 的上涨。看到这里大家肯定觉得股票也从0.5飙升到5.08（1 split 4 ）。但是从我的估算中，HEVEA仍然是极度被低估，可以说是bursa中排名第三被低估的股票。很大的原因在于管理层被网友抹黑操纵股票。这也让我们有机会买进一支便宜且优质的股票。

好吧，基本面来了。。。PE: 7.30 (对一支成长股来说夸张的低），Dividend Yield 方面就略低了，不到2%但我是觉得既然管理层能善用资金来赚更多钱，那就拿少一点吧。效率方面，41.5% 的Return On Invested Capital (也就是公司一年所赚的钱除以所投入的成本），这很清楚说明了HEVEA 呢是一支非常节省成本且很擅用公司的资金，也可以从这里看得出为什么冷眼大师持有数会比第一篇的SUPERLON多了。

FreeCashFlow/Market Cap 方面呢, 达到了22.6八仙，足足是定存的4倍多，CASH ROIC 更是46.5%。我想你们看到这些数据也不敢相信这是真的吧。HEVEA 目前是一家net cash company (98.76M) 的net cash, 相信风暴来时对公司只是小挑战。这些都是以HEVEA 这一年的盈利计算的，看了以上数据，大家应该明白为什么HEVEA会是第三被低估的股票了。

总结：HEVEA 是一间 NETCASHCOMPANY，非常会擅用资金，效率一流，有野心。我对他的估算在3.02到3.20之间，非常的被低估，你们可以使用你们持有的公司的
基本面来比一比就知道了


My sifu second time buying price of mother share shall be around price 1.15-1.25 and warrant price around 0.85-0.95.

My advise is BUY as much as you can before it is too late...

Budapest, very soon

no more cheap chocolate.., may be last chance for you guys to collect..good luck...

if it drops below 1.24 you guys collect it kao kao and dont give your stock to saltedfish again hahahaa

FORCE Selling Tak Nampak Again as mentioned by Saltedfish..hahaha

just worry slatedfish make mistake(高估自己), 500，000 shares bought by other hahahaha

Knownfact if there got force selling today he already sells early loh...dia suka tipu budak budak, sell and buy pun sendiri

saltedfish, you give us extra offer price first lah..lol^^

i think saltedfish already makan banyak small fishes liao, but he wasted our time and his own time too. those who wants to sell this stocks has been leaving, he cnt get extra benefits from current price level even push down it price due to company share buy back and value investors.

it has proved that saltedfish is one of the pariah operators who is controlling the hevea price all the time. Dont worry, i won't buy your 500,000@0.975, i am ready to buy some of your stocks below your selling price, just want to ask saltedfish, to keep controlling current price that will make you rich?