since you guys are talking about Hevea, I would also like to bring to your attention on Evergreen Fibreboard... this share has retreated since it reached its peak at RM2.56 (and after bonus issue of 1:2)... to now RM1.07... the latest EPS was 2.68sen (after bonus issue) and it is trending to earn more than 10sen for full year (as MYR remains weak against USD, and the company is doing a lot of restructure in the operation to bring down costs; and also the low raw material costs now)... if you really studied this share well, you will noticed that their results are still as good as they were when it was trading at its peak price (RM2.56).. I believe the recent sell-down was due to many speculations that MYR will get stronger vs USD and export play is over... but I do not think this is the case.. in fact, just like Hevea, Evergreen's profit is sustainable and its management team is definitely one of the best, if not the best...

yeah, the self-proclaimed "wise man" is a not so wise promoter of O&G counters...
http://www.cnbc.com/2016/06/21/oil-prices-above-50-buoyed-by-us-stock-draw.html

I can say that for the next 3 years, crude oil price will remain around USD30-USD50... so, Mr "wise man", ur O&G counters are all boarding AirAsia X to Holland...

unfortunately SYF's rubberwood furniture exports have dropped quite significantly compared to previous quarters so they can't benefit much from weak Ringgit...

Izam, i agree with you too on the prospect of weak Ringgit.. many have expected Ringgit will continue to strengthen when it once climbed back from RM4.45 to RM3.9x... and I did not think so when a lot of ppl were stating that Ringgit will recover and export play is over... based on so many uncertainties and negative news in Malaysia (and likelihood of US FED to increase rate soon), I do not believe Ringgit will be getting stronger... and I believe USD/MYR will remain around USD1/MYR4 for the next 1-2 years... I dont see a sign why Ringgit deserves a better stance for now...

let's see if the next quarterly result will improve or not...

in their report, they mentioned rubber wood furniture sales is getting poorer due to poor demand and their adjusted pricing..

infant rocky, u will never understand what value investing is all about.. u r very short-sighted and perhaps speculation suits u more... HSL will unveil its value after the release of the upcoming quarterly reports (as a result of record-high contracts won)... wake up, milk-fed infant...

where is the wise man? self-proclaimed wise man? puuii...

Q1 2016 EPS: 1.77sen
Q2 2016 EPS: 1.71sen
Q3 2016 EPS: 1.49sen
Q4 2016 EPS:???

getting nearer to Holland every quarter...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5129861

see, as what I had expected.. the quarterly report posted poorer result... as most of the property development revenue has been recognized in Q1 & Q2...

and i would expect a much poorer result in Q4 (EPS should be around 1 sen or less)...

really? where is that child? haha... I can only see a very lame and pitiful infant trying extremely hard to sabotage a good share in order to pull down the share price (perhaps to accumulate his own shares at lower entry point). but i think this infant is over-valuing his influence... not many will listen to his bullshitting (which even relates to religion talk now, but not facts) though...

bro ktsk88, i agree with your points to certain extent only... if u look at Penang properties... nowadays condo units are oversupplied and many developers have delayed their projects... but landed properties (normally with less units) are normally selling better (still selling slow though) than condo units... and maybe some ppl will think like what u do, they prefer condo, that is fine.. but pls ask around,,.. for most of the ppl, if they can afford landed, do they choose landed or condo? (i mean most of the ppl out there)... just be honest to ourselves... and 100K isnt too much for many ppl... there are really a lot of affordable buyers out there.. just that they will think: is this investment a good deal? (not bcoz they cannot afford, just that they may want to invest in other areas if the condo rental is not giving good return)...

rocky, pls stop talking nonsense there and now even talk about religion.. sigh... no religion play here... talk about facts and maths.. ok?

good news for HSL... hoping that HSL will win more mega contracts... I do not understand why it is so undervalued at current share price..

泛婆罗砂州高速大道br-下月释出120亿8配套工程
http://www.enanyang.my/news/20160617/%E6%B3%9B%E5%A9%86%E7%BD%97%E7%A0%82%E5%B7%9E%E9%AB%98%E9%80%9F%E5%A4%A7%E9%81%93br-%E4%B8%8B%E6%9C%88%E9%87%8A%E5%87%BA120%E4%BA%BF8%E9%85%8D%E5%A5%97%E5%B7%A5%E7%A8%8B/

Izam_mahathir, ok, i assume your statement is correct - in general, 600K for landed property (the 400K i found may be exceptional case).. but if u r a buyer, will u pay additional RM100K for a landed property (vs RM500K for condo only)... i will definitely pay additional RM100K.. in Penang for example, in a same area, if condo is about 500K, landed property is already around RM1million (about double the price),... so do you think a lot of ppl will pay RM500K for condo while they can get landed property at only RM600K (and much biggest land area at RM600K!!)

Brother Bear.. pls dun tweak the fact here and there... it is still a landed property even though the size is smaller... can you deny the fact that it is not a landed property? and how big is a condo normally? it is also around that size or smaller... and lets say the sq ft (area) is the same, will u pay RM500K for condo instead of RM400K for landed property... i await your answer...

brother bear, can you reject my other statements with fact? dun just cherry pick one of my minor error, ok? come on, i await your constructive confrontation...

News from thestar:

SYF Resources was planning to maintain the growth of its property segment at a steady rate, and as such, it planned for the development RM80mil-RM100mil in GDV per annum.

anyway, since the CEO already mentioned that he expected to reap around RM100million of revenue from property development this year... we should assume that most of this year's revenue (in property development) has already been recognized in Q1 & Q2 (total up to be RM79.025million)... that means lower revenue recognition for Q3 & Q4 (total around RM100mil - RM79mil = RM21million for 2 quarters)...

Brother Bear.. u are right.. I was looking at another website which gave me that wrong figure. I just confirmed it by looking at its 2015 annual report that the Revenue for property development was RM91,568,000. That does not mean I do not how to read the number... it was a wrong info I received... btw, other that that, all other points of mine are still valid...

hunterdom84... this is what i found online:
http://www.theedgeproperty.com.my/723620/selangor/bandar-sungai-long/terrace-house/sl7-bandar-sungai-long

RM398K only for terrace house...
In fact, I already shared this link above...

rocky, need to give u a math lesson? I have always scored A+ for my maths from kindergarten to university.. Grade A- or below is a stranger to me...

that is why i always say rocky is shortsighted... of course there is a difference, with better prospect of revenue and profit (EPS), even if we assume the same PE ratio, the price will slowly be adjusted to its value (since EPS has increased)... simple maths, ok? and when more investors find out its value, they will be keen to buy it.. and the more demand, the higher the price will be...

i have bought considerably large volume of Uchitec to neutralize my overall portfolio.. some of my shares are growing shares and may be higher risk (but may give higher return) so I need some "play safe" counter... so i chose Uchi

but dun worry... as batman said.. dividend is guaranteed but if any appreciation in share price, you should treat it as bonus...

Ong Jin Jie... bonus issue already ex-date ler bro... haha.. u r too late...

and the CEO claimed that they will sell around RM500k for high-rise/condo at Sg long.. come on... new terrace house there is selling only RM398K....
http://www.theedgeproperty.com.my/property-search?keyword=BANDAR%20SUNGAI%20LONG&listing_type=sale

ppl will pay RM500K for condo while they can get landed terrace at around RM400K...

this CEO must be kidding us...

also, the company "claimed" (again, just claim, not proven yet) to considering giving out dividend in 2017 (consider only, not confirmed yet)... i know u may say: the company need cash for expansion... i know... but that still means no dividend.. for company like this without proven good record track, and no dividend, do you think PE 8 is not reasonable?

Izam, please refute my statements with points... i await your response..

SYF claimed that Utar is moving to SG long.. but... that means nothing... it is not a confirmed thing that students will need to rent new units in Sg Long... unless you are renting out very cheap... else they will opt for cheaper units... students have tight budget, ok? we all were students once... and we know it best.. and if you buy SYF's property in Sg long and can only rent out cheap.. u can't even cover your bank interest rate.. if this is the case, why investors still wanna buy the property there? wake up man...it is 9.30am now...

i would foresee the next few years its revenue and profit will deteriorate instead of improve... why? pls just look around you, do you think now property can sell good? there are bubbles everywhere and the property is overpriced is most of the areas... in fact, there is no such demand... (see Selangor and Penang..) now those investors are only holding them but could not find any buyers... outlook for property will be bad for the upcoming 3-5 years.. just wake up man... over supply now and the property companies/investors still want to sell high... come on...

and by taking the annualized 6 sen EPS, with PE around 8 (for this kind of small cap without any good revenue/profit record in the past, PE of 8 is considered high).. it is worth 48 sen... come on.... is this called speculation? mind your words, please...

Izam_mahathir, pls don't act like you are a fundamental master... i am investing, not speculating... l have done sufficient research on its current and future business outlook/prospect... let me ask you, do you think this year's EPS will likely exceed 6-7sen? I don't think so... and let me ask you again, SYF is claiming that they are diversifying into property sector and is claiming that they will generate some 100Million worth of revenue each year from property sector... but do you know that last year SYF already generated RM242.3 million revenue from property sector? (I bet you don't know about this as you seem to be one who claims to be a fundamental investor but actually lacks of doing research)... this means what? The property sector will contribute less revenue (only around RM100 million as compared to last year's RM242.3 million revenue)... less profit and less EPS for sure...

And the next thing is about their existing business - particle board, MDF and furniture... do you think they can compete with big players like Evergreen Fibreboard? Evergreen has excellent management team in coping with cost saving and they have sufficient production volume to control their cost....

So please stop acting like a fundamental sifu.. u make me sick the whole morning (luckily I just had my breakfast else i wont have any appetite to eat anything)...

King Power Group purchased AAV 39% shares. AAV holds 55% of AA Thailand... sounds like this Thailand Tycoon (also boss for English Premier League champion club Leicester City) has good faith in AA Thailand...

http://www.enanyang.my/news/20160615/9-3%E4%BA%BF%E8%B4%ADaav-39%E8%82%A1%E6%9D%83br-%E7%BB%B4%E7%8C%9C%E5%85%A8%E8%B4%AD%E6%B3%B0%E5%9B%BD%E4%BA%9A%E8%88%AA%E5%A4%A7%E8%82%A1%E4%B8%9C/

now that USD is strengthening against MYR (today >4.10), Evergreen no doubt will be a major beneficiary of strong USD as most of its revenue is denominated in USD...

I am in as well for some dividend money...

everyone is waiting for upcoming quarterly results i guess.. haha

ya.... HSL will be kept busy for the next 5 years at least based on the recent contracts won... and that is a guaranteed revenue and profit forecast for the next 5 years.. and they are also bidding other projects in tandem... what if they win more projects? EPS will surge unbelievably..

guys, if you have already bought this share, just hold onto it at least until it reaches RM1.60-RM1.70

this stock is worth 48sen at most.. after doing a considerably thorough homework, it is actually quite disappointing to me as I first thought it was worth investing... sigh... need to move on to look for another good counter... good luck guys..

TP given by RHB is RM2.64... wow...

http://knowledge.rhbinvest.com/small-cap/book/smallcap2016.pdf

HSL is selected as one of the top 25 jewels small-cap companies in 2016 by RHB...

http://knowledge.rhbinvest.com/small-cap/book/smallcap2016.pdf

Evergreen is selected as one of the top 25 jewels small-cap companies in 2016 by RHB...

by the way, i do have confidence in the management to ride on these positive factors and reap sizeable revenue/profit in the upcoming quarters.. let's see..

Gohpc, i don't see any confusion here... I did not say prospects will definitely materialize into actual revenue or profit.. i am just sharing info and investors are smart enough to make their own judgement...

abc123, i agree with Albert.. this share is worth at least 1.60-1.70 based on its annualized EPS... if you can't get a honda city, at least you can get a nissan almera ^^

豐隆研究保持長青纖維板的“買進”評級和1令吉60仙目標價，並提醒說，現有估值尚未納入兩項總值1億令吉或每股11.6仙的非核心資產，包括加享的橡膠園坵和馬賽的工業土地。（ 星洲日報／財經‧報道：王寶欽）

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See the highlight below:
He said by then, the production capacity of the particleboard with the thickness of more than 10mm at the plant could be increased from 120,000 cubic metre annually now to 300,000 cubic metre.
MDF is their main source of income but particleboard is going to ramp up on the production too.. nice... that is about 3 times the current capacity... and with new machines, it is more cost-effective now... double nice... more revenue, less cost = a lot more net profit!!!!

JOHOR BARU: Evergreen Fibreboard Bhd (EFB) wants to strengthen its position as one of the largest medium density fibreboard (MDF) manufacturers in Asean and among the top 10 in the world based on production volume.

The company is allocating RM106mil as capital expenditure (capex) of which the bulk of it will be for upgrading its particleboard manufacturing plant in Segamat.

Group finance manager and head of investor relations Martin Leong (pic) said the upgrading of the 10-year old plant was necessary to improve production capacity of its particleboard at 120,000 cubic metre yearly.

“We are replacing the second-hand machines at the Segamat plant with the new European-made machines which are more cost effective and efficient,” he told StarBiz after the company AGM last Friday.

Leong said the upgrading work started at the end of 2015 and would be completed by the end of the year while commercial production of particleboard would start in the first or second-quarter of 2017.

He said by then, the production capacity of the particleboard with the thickness of more than 10mm at the plant could be increased from 120,000 cubic metre annually now to 300,000 cubic metre.

“The new machines also enable us to produce particleboard with the thickness less than 10mm which we are not able to do previously and we are looking at churning 250,000 cubic metre,’’ said Leong.

He pointed out that the company wanted to have some flexibility as the new machines at the Segamat plant could also churn out thin particleboard apart from the thick particleboard which it had been produced over the years.

Leong also said that thin particleboard commanded better pricing compared with thick where most of the end-users were involved in the furniture making and construction-related activities.

Presently, the company has nine manufacturing facilities – five in Malaysia, three in Thailand and one in Indonesia with a combined capacity of 1.31 million cubic metre yearly.

The Malaysian operations contribute 57% of the company’s revenue while Thailand at 35% and 8% from Indonesia.

It also has facilities producing glue resin for internal use and export, particleboard and cogeneration of power.

“Going forward our future business strategies are to expand our laminating, coating and veneering activities for value-added and also to expand our earnings base,” said Leong.

He said the MDF was still the core business of the company, followed by lamination and furniture-related making activities.

Leong said the company exported 80% of its production to Asean and Middle East countries and the remaining 20% to other parts of the world.

For the financial year ended Dec 31, 2015, EFB recorded a net profit of RM94.09mil on revenue of RM1.01bil against RM1.57mil and RM918.78mil respectively in the previous year.