haha, bleuerouge, now 4.43... really close to 4.50 as what i mentioned above...

and Evergreen's export sales are denominated in USD and this will help boost its net profit in 2017... it is time for you to "sailang" in this share... don't forget about the 2017 expansion and internal re-structure plans that will provide better results in 2017 onwards...

check out the USD/MYR conversion rate now.. with Trump winning the US presidential election, USD is expected to reach 4.50 in the near term (not I said one ya, analyst said one)...

Trump won the election and he had claimed to tear down TPPA... looks like this will badly impact Prlexus and Magni...

buying a share worth 25sen at 24sen, good investment!

no margin of safety now... ppl just "goreng" it right now...

only worth to collect around 10-15 sen...

http://klse.i3investor.com/blogs/spencer88/102583.jsp

If you are keen to use DCF valuation, here is a much better analysis to calculate the intrinsic value of RGB - 25sen... that is why i told you based on all P/BV, EV/EBIT & DCF valuation, RGB is not cheap anymore...

dudu: i am not always thinking of ppl cheating me.. just that i take things with a pinch of salt... ppl ask u jump into sea, u straight away jump? U don't do own judgment? just like when you highly recommend RGB, you want your followers to blind "trust" you without proper judgment? wow.. that really sounds like a cult (邪教）teaching... don't think, don't ask, don't fight, just believe and follow... wow...

R40s, thanks for your sharing... I agree that if Donald Trump wins, then Prlexus and Magni may be badly impacted... let's hope that is not the case...

good luck to those who want to continue to chase high...

Again, i am not saying that RGB is a bad company... what I wanted to say is... even if you want to buy a good share, you should buy at cheap price (with margin of safety)... RGB's growth may be there, but it could have been over-exaggerated with its "highly-goreng" price now...

dudu... i really think you are the GOD, because you have the ability to "foresee" the prospect of the company... can Dudu GOD tell us what is the toto Jackpot number for this week? please....

please check back what I said in the past...when i first commented about RGB, i did not personally attack you or anyone who invested in RGB... i only shared what i thought.... but you became agitated (maybe because most ppl here "pray" you like a GOD and you felt that your GOD-light dicnity was challenged when someone did not agree with you)... and you started all these personal attacks...

dudu, u r the best, happy?
Based on what you have commented about me (in such an arrogant way), let me return your words to you: 以你目前的思维，相信你在股市还没有任何成就...
thanks (i learned some other day that we must still say "thanks" no matter how ppl rudely bashed us).. haha...

以你狭隘的胸襟（不能接受别人的意见），相信你在股市还很难有任何大成就... Thanks...

(translated in english)
with your narrow-minded thinking (unable to listen to others' opinions and think you are right all the time), I believe it is extremely hard for you to excel in stock investment.. thanks...

10bagger10, i dun have any, just follow Cold Eye ya... ^^

when cold eye started selling his Gadang, did he announce that to you? haha... by the time you know, he had sold all his Gadang... same thing here...

When Cold Eye silently collected RGB (I guess around 10sen or lower), did he openly recommend this stock to you and I? When he has accumulated enough shares, he openly recommended this share and it is time he is looking for a good price to sell... please think of the logic yourself... at 10sen, yes, RGB is undervalued, at current price... hmmm... i have told you the valuation... if you are living in your own utopia, no matter what I said, you still live in your own world and believe in what you think is right....

hi Want_to_know, can you be not so naive in your comment? Cold Eye is also selling his books for money, then will you say: if Cold Eye is so rich, why is he still selling his books? he should give away for free... come on, there is no free lunch in this world, ok?

i believe cold eye knows how to use P/BV, EV/EBIT & EV/EBITDA to calculate the intrinsic value.. but he is just trying to provide "simple and brief" explanation to the public on general ways of selecting stocks... Many can understand what PE ratio is all about but imagine if he explains EV/EBIT and EV/EBITDA, how many starters can understand? To me, both cold eye and KC Chong are successful... and remember one thing, you can never "predict" the future. you can only "guess". The RGB boss can boast to bring the share price back to 60sen, but anyone can simply say that. Of course, past good performance cannot be guaranteed to happen again, but it provides some level of confidence on the company's management quality; and tells the intrinsic value of the enterprise... (that is a valuation used during Merger and Acquisition to calculate if any acquisition is worth the money or not).

R40s, any comment on below news?

唯一提醒人們的，只有一張輕描淡寫的新聞稿。去年十月十四日，鞋子品牌Nike宣布跟美國電子代工大廠偉創力策略聯盟，要革新製鞋的供應鏈。

無獨有偶，兩個月後，阿迪達斯（adidas）宣布要取代人工，用機器人在德國製鞋，預計設立兩座快速工廠（Speedfactory），聘請一百六十位工程師。

直到今年上半年，耳語，才在台灣鞋業聚集的彰化稻田裡大量傳開。原來，已經有不少中部鞋代工廠與鞋材廠接到Nike通知，要把機台與原料送進墨西哥，一群群台灣代工廠高層「奉命」到墨西哥，把經驗傳承給偉創力，教他們如何用機器人生產出跑鞋。

大廠拋棄人工，轉做自動化的速度遠比想像快，九月二十三日，阿迪達斯再透露，已由其快速工廠生產球鞋。對台灣鞋業，甚至是製造業，這是極大警訊。

鞋業，是製造業中勞力使用最密集的產業，一雙球鞋要產出，要四百人碰過，複雜度比手機高，一支小米手機生產只需要經過一百個人力。按理來說，這應是最難被機器人取代的產業，但竟在此時最先被革命。
更讓人意外的是， 從Nike到阿迪達斯，這群大廠發展自動化，所挑選的新合作夥伴名單，竟未見台商蹤影。新競爭者從不同角落冒出：如曾經是幫戴爾、摩托羅拉生產手機的電子代工大廠偉創力；如，原本只是幫維多莉亞的秘密生產胸罩的維珍妮國際；如，幫蘋果做面板清洗設備的德國設備商亞智科技（Manz）。

台商擅長的管勞工能耐，頓失優勢

「傳統鞋業，很危險」，Under Armour（UA）創辦人普朗克接受本刊專訪時，不客氣的說：「我們產業實在是太懶了，永遠在追逐低價的人力，是時候該『破壞』這樣的供應鏈流程。」

他說，大廠已決意擺脫，因為低價人力而只能在亞洲生產的限制，將一次破壞百年的遊戲規則。當鞋子生產都能被機器人取代，台商最擅長的工廠勞力管理優勢，價值被嚴厲挑戰。一位有三十年經驗的鞋業大廠高階主管推算，台灣鞋業不會消失，但若不升級，獲利將會折半。

國際勞工組織近期就提出警告，未來二十年內，五個東南亞國家超過半數的工作人員，將面臨著機器人生產帶來的高失業風險。從服裝到汽車製造業都難逃風暴。今日鞋業的問題，也同樣適用於台灣其他的製造業。

根據統計，製造業一年貢獻台灣約三成的GDP， 受雇人口約占台灣二四％，當製造業的競爭力不再，台灣損失的不僅是工作機會，股市市值、稅收、因外銷收入帶動的國內消費，都將被連動。

R40s, any comment on the info shared by sharktank?

dudu, we are talking about RGB here so I am not going to talk about other shares here... since you cannot accept my opinions with open mind, I will stop here... i hope you and the rest have a successful investment in RGB. Thank you

hi dudu, investment is a combination of sciences (maths) and art (judgement)... a maths teacher without proper judgment may not be a successful investor.

Did i call for a "sell". No, i did not. Perhaps the share price still has some more room to grow. Just that I would not recommend others to blindly buy at current price. I think that the upside is limited but the downside has higher risk... just that...

Please do not get me wrongly...

many experts here claimed they are better than KC Chong.. that is funny.. haha... does KC Chong use EV/EBIT or EV/EBITDA a lot? the answer is definitely yes... so you guys are smarter than KC Chong sifu in terms of calculating intrinsic value...

dudu, thanks for your sharing... i did mention about enterprise multiple (EV/EBIT) but you seem to ignore that... both P/BV & EV/EBIT are good methods to know if a share price is overvalued or not.. i agree that cash flow, dividends and growth are important too.. did i say they are not important? they are equally important.. but what I wanted to say is, I prefer to look for shares that fulfill as many criteria as possible (good cash flow, low EV/EBIT, low P/BV, good dividend, etc)... Note that I never mention about PE as i think EV/EBIT is much better to use than PE ratio as it takes into account of net cash & debt... even for net cash company like RGB, the EV/EBIT is still not low... do your maths yourself and you will find out...

P/BV and EV/EBIT is a good way to calculate its intrinsic value... even for a good share, if you are buying at the high side, you are unlikely to make good profit... u are using Nestle, Dlady, QL & Kawan these bluechips to compare with RGB? is it fair? haha... ppl are willing to give higher valuation to these counters due to their consistent results... and... i agree that these bluechips are not cheap anymore so I will not buy any of them too... if you are buying Nestle, Dlady and QL today, do you think you will make much profit? unlikely, right?

look at P/BV and enterprise multiple of RGB, obviously it is overvalued at current share price... u buy now, very high chance to be trapped..

when aunties uncles at pasar also start to discuss about this hot share.. u know who start to dump the shares in big volumes, right?

rocky.. u r once again proven to be a silly short-term speculator who expects buying a share today and gaining 100% the next day or so... did I say it will "explode" immediately? mind ur words...
i was collecting it when it was trading at low price and hold it for future growth when they are recognizing more revenue for Pan Borneo and Kuching City Central Wastewater Management System (Package 2) projects (during more matured construction phase)... the previous quarter just saw these 2 projects kick-started and recognized less revenue.. can you be less silly when commenting? if u have done zero homework, i suggest you just go gambling in casino....

nobody asks u to buy or sell... u just sit there do nothing and see if their Q3 & Q4 results will improve or not... we can revisit this post later to see what happens at that time... ok?

scottybang... if u do not know anything, pls shut your bloody mouth up and bang somewhere yourself...

haha... when remisier like Alex Yu starts recommending ppl to buy.. it is time he is selling for his clients... too obvious...

dudu... unfortunately, RGB is no longer considered a "因低调而被市场忽各" share... it is a hot counter now... if you were buying RGB when it was trading around 10sen... then you can say : 在别人不买时从容买进，长期持守，可获厚利... now? hehe.. hoho.. hihi.. haha..

this share has been much undervalued.. NTA is RM2.47, based on today price RM1.83, P/BV=0.74 only... but the drawback is that it is not in net cash position yet...

Chankp.. please read their annual report released recently...
in 2015, the transformer and lighting division was making good profit but negatively impacted by poor performance of the process equipment division. (overall still making good profit in 2015 & 2016)...

but in 2017, it is expected that the process equipment division will turnaround and make profit... you can imagine how the overall net profit in 2017 will jump...

see below:
The poor performance of the process equipment division for
the financial period was due to cost over-run of the Sabah Ammonia
Urea (“SAMUR”) project, which has dampened our results.
Consequently, two Executive directors have resigned. SEB
now has a more lean and efficient Board of Directors and
management team. This change has brought about more
enhance, communication and robust discussion between the
management and Board Members.
The setting up of the New Project Management Team has also
significantly enhanced the efficiency and effectiveness of the
costing system for better project management, coordination
and control within the Company.
Despite the challenges that SEB foresee in 2016/2017, SEB are
confident that our planned strategies and remedial countermeasures
indicated above will see the SEB successfully
delivering positive results in 2017.

my target price is at least RM1.60-RM1.70 based on its intrinsic value... RM1.20 is for short term players ^^

another thing is... the total outstanding shares are too huge... too many speculators buy and sell daily ... same like Bornoil... it is very hard to go up significantly due to the profit taking approach by the daily traders... Bornoil reached RM0.20 before (from 0.15) and it now retreats to RM0.17... for those who entered at 0.20, they are stuck now... similar thing seems to be happening for RGB... too many big sharks goreng and wait for chance to sell and once they are gone, it will go back to square one...

Benjamin... we have seen more than enough of directors and big bosses who made empty promises... haha... can we trust someone who is engaged in a gambling business? haha... leave it to you... i dun think 60sen is too possible... that is a "holland bank cheque" with no date for encashment... haha

you guys will be surprised with its Q3 & Q4 results later this year (if you have done good homework)... ^^

haha... investar.. good one.. i like your sarcasm.. and your proof to KO OTB... he never replied since then.. coz he probably could not find any more excuses to reply... totally KO him.. haha..
thank you (must say)...

paparplane and kai sifus, the reason why i do not like to use DCF model is that there are too many assumptions we need to make..such as what is the growth rate, discount rate that you want to use... we must be very careful in assumptions, else garbage in, garbage out...

upprice98... i silently tell u, dun tell others.. shhh.. bcoz i am the boss of evergreen ^^....
ok, no more joking.. the fact of why i am so confident with evergreen ?? i started monitoring this company since 2006 and did so much homework before even i invested in it... one sentence.. do enough homework and u will be confident...

haha... another joker (GoldenEggs) in Evergrn forum... or is he the same person as that previous joker (forgot his name), but with another nick name now... haha... see how others bashed him "gao gao" there... again, without comprehensive homework done by him, still wanna act like expert... haha... we are not saying that hevea is bad.. but the way he over-promotes his hevea and badmouth evergreen (without solid points) makes me feel disgusting...

good one andyhard... to also add to what you mentioned above - evergreen is upgrading the particleboard machinery to be able to churn out thinner particleboard at higher profit margin (niche market).. and the RTA lines setup is in progress and we know that RTA gives much better margin compared to pure MDF (the current biggest portion of revenue for Evergreen).. and don't forget about the management is also improving the value-added MDF like veneers which also give better margin... so i don't agree with what GoldenEggs said that these are "prediction of future" as these are indeed real and are something that is really happening... and also like what Andy said, they are moving plants and integrate them together in one same venue to provide synergistic efficiency and cost savings... if u look at how the management control the cost, you will be amazed... again, i am not saying that Hevea is bad.. but i just dun like of you not doing enough homework but badmouth evergreen without solid base... that's all...

this has again proven that this joker GoldenEggs is a half-full tin but wanted to act like a full tin expert... he has not studied Evergreen well enough before he commented.. good to see Andyhard bashed him hard with the 2 facts given (which i was about to comment also)... GoldenEggs joker, with this kind of analysis quality, how dare you ask for RM250? what a joke.. i wont even pay for RM2.50...

After Dudu bashed him well in the RGB analysis, this is another bullshit analysis..
i know your intention, you just want to "promote & goreng" hevea but still pretend like others who bought evergreen are lame speculators (but yourself as smart investor.. pui)...

i have to say both Evergreen and Hevea have their own strengths...
just take one simple valuation, lets say P/BV... you will see that Evergreen has advantage over hevea... of course i know hevea is now net cash company so it has better enterprise multiple.. but what i dun like about your analysis is that.. u are too biased.. keep showing the good side of hevea but never mention (or maybe you are not aware too) about the advantage of evergreen over hevea....

last advice to you: 别在这里献丑了，因为真的很丑。。

kai, i normally do not use DCF model to count the intrinsic value... haha...

too much goreng smell in this counter (and more importantly, it has no margin of safety!) so I would suggest stay away from it...

Ricky Yeo, agree with what I said above? or can you share what is your calculation of its intrinsic value? thanks...

based on 2015 figures: EV=199.23M, EBIT=25.111M, EV/EBIT=7.93 which is considered fair value only... there is no margin of safety buying at this price... P/BV=1.48... also shows that it is not cheap...