I believe those who are spitting their venom at Mr Koon are those poor souls who would have lost heavily in the market...hence their frustration..besides these are the very people who do not learn from others in a constructive manner..they will forever keep on failing..too bad it's in their gene.

Mr Koon,
Thanks for sharing...I took your advice from your previous write up and I turned a loss of almost 30% and within 2 months recouped all those losses and after that within another 2 months I was able to add another 48% to top the capital employed...

Opportunity to accumulate now...valuation of furniture based stocks will appreciate further with imminent hike in US interest rate vis -a - vis further strengthening of the dollar vs RM...

Those holding furniture based stocks like Mieco,Minho and Evergreen...if you sell now..it's akin to selling the goose that lays the golden egg...

acg_80,
Do you understand what I meant by being constructive?...meaning you give us some cogent facts and data...not simply making some ambivalent comments about a counter...if you have an information or two others may have missed about the fundamentals of the company..than share with us so as to anable us to make informed invesment decision..maybe you share the same inguinity of Warren Buffet which most if not all of us here don't...and for you information I am not a paid promoter as you seem to suggest...perhaps it could be you who may have an hidden agenda...perhaps causing undue panic selling so that you can scoop it up on the cheap...

acg_80,
Do you have anything constructive to contribute to this forum participants? Don't play devil's advocate..take your half past six comments to the city trash..

You can safely expect a TP of RM 1.60 by the end of next quarter..

Chartmaster,
Yes,you are absolutely spots on!The volume of turnover has decreased but on the other hand the the price is in uptrend trajectory...obviously less and less people are willing to sell...expect uptrend momentum to hold steady going forward...in any case just have a cursory look at MINHO...one will get the drift...by now all the institutional buyers will be rooting for this counter for the simple reason that it will see improved performance in the coming quarter and beyond..

Yes,from next week onwards this counter will continue its uptrend unabated...albeit punctuated with sporadic profit taking of which should be taken as an opportunity to further accumulate...what's more with the macro economics environment of sustained low oil price and the depressed RM in tandem with the performance of the commodity in question,this stock is a good mid to long term hold with further improvement in operational perfomance which will boost its financial position moving forward...

Par value of Evergreen is RM 0.25 and the par value of Mieco is RM 1.00...meaning that every one sen increase in the stock price of Mieco requires corresponding four sen increase in the price of Evergreen's.. meaning that there's greater upside potential in Mieco in comparison to Evergreen's..I won't be surprised if the `twin terror' of low oil price and depressed RM persist for the next one year...Mieco could surpass the RM 2.50 mark...

calvintaneng,
You have be careful if you are a contra player or a speculator for that matter...for those mid to long term investors...this stock will lead you all the way to the bank grinning from ears to ears...expect it to surpass the RM 1.60 threshold by the end of the 3rd quarter.

James Bond,this counter at the cusp of taking off...time to take position.

Those who missed the boat earlier on this counter..time to take a plunge...perfect time to accumulate on the dip..

Any dip is an opportunity to accumulate..oil price dipped another 1% with axcess of about 2.6 bpd..

It looks like this stock may meet my TP of RM 1.20 before the start of next quarter...!! Still there's upside potential...

Time to take profit...revisit this counter later!!

Those who missed the Evergreen boat is given a second chance in the form of this stock..still plenty of upside potential..

This stock will be playing catch up with Evergreen as the latter is currently in over bought and over valued position..still a lot of upside potential...TP RM 1.20..

There's a likelihood that Evergreen may go on a consolidation mode as it has outrun itself...its a good long term stock to begin with...but I strongly feel that the market has pre factored in its earning capacity for the next quarter as well..hence its present price level...at the moment Mieco is the only one among the furniture based counters which has some potential for further appreciation...

rissay2u,
Based on the micro and macro economics conditions as well as its fundamentals,Mieco's TP is around RM 1.20 which is achievable within the next quarter.

hissyu2,
You are right...waiting for profit taking to further accumulate...but I am afraid this counter has crossed the point of no return for the time being...expect it to stabilise and continue surging ahead albeit at a lower pace..

kwl8888,

Yes,Investors should thank contra traders and speculators for rise in share prices...that's exactly why I would want to warn them as they might occur loses beyond redemption and might not be able to dabble in the market if that happens...

Those contra traders and speculators...you'd better run!! This is for genuine investors with at least 3 months time horizon...will reap handsome gains...

Those who are genuine investors...you can safely accumulate Mieco...still at attractive price...NTA RM 1.32...compare with Evegreen NTA is about RM 1.50.

Evergreen is a good stock...but it has out run itself...almost fully valued..those who have missed the boat you may want to shift your attention to Mieco...value is slowly but surely imerging...room for further appreciation.

Leecuteguy,
Profit taking is part and parcel of investing...if you hold for a month to a year where with the possibility of ringgit and oil price in the doldrums..you would make handsome returns..but if you are a contra player or for that matter a speculator...you may want to avoid this stock.

As it is Evergreen is getting overvalued...those who have missed the boat on Evergreen can safely take position in this counter...this chipboard maker enjoys demand for its product not only locally but also from abroad..the last quarter results shows some similarity with Evergreen...a good turnaround..expected to chalk better performance in the coming quarters...still undervalued compared to Evergreen...expecting a TP of RM 1.20...achievable within the next quarter..

My TP of RM 1.85 which I expected to be achieved within the next quarter will mostly breached sooner than the forecasted duration...meaning getting over valued...still room for appreciation..for those who have missed the boat on this counter...be quick to queue up for Mieco...my TP for this stock is RM 1.20 achievable latest within the next quarter..

Madguy,
Mieco is the producer of various chipboard products...they are basically used in furniture productions and kitchen cabinets...

As I have been saying...this counter is enjoying a good fortune of ' twin terror '..combination of depreciating RM vs USD and falling oil price...the price of this stock is at the cusp of meeting my target... for those who missed the boat...don't despair...there's another similar counter in the making.ie Mieco Bhd...its NTA is about RM 1.30..and looks like there is good value for every ringgit spent...expecting a better sets of quarterly results.

This stock has a lot of catching up...its NTA is about RM 1.30..made a decent profit the last quarter and with the ringgit and crude petroleum price in the doldrums..I should concede that this is the next counter to watch besides Evergreen..expect a better quarterly result soon.

Besides Evergreen Bhd which has risen a lot lately...investors could also focus on Mieco as its fundamentals improves on the back of falling ringgit and oil price..more value for every ringgit spent compared to Evergreen...all bets off if ringgit and oil price were to rise..

Besides Evergreen Bhd,investors can safely go for this stock as its fundamental will improve with declining ringgit and oil price..

A sincere advice to speculators and contra players...watch your back folks!!

Once they go upstream,the cost of production will be much lower than its peers simply because the company's subsidiaries will be supplying the required raw material almost at cost..definitely an upper hand with comparative advantage..which will add to its bottom line..

The last quarter results of Evergreen shows a net profit margin of about 10.25% vs Mieco's a meager 3.75 %...this simple statistics demonstrates the superior value of Evergreen..

Hi Ethan 1986,
My analysis is based on micro and macro economic fundamentals..but one has to always prepared for drop in the price every now and then due to profit takings and some other short term knee jerk reaction from the market..thus it is imperative that one will have to have a long term perspective on this counter to make handsome returns from this stock..not for speculators..

817065
Yes,you are absolutely spots on as to the possible rise in the company's margin..investors should take note of the fact that Evergreen had in the past taken various measures in mitigating its losses,one of such is the kitchen sinking measures.This together with the modernisation of manufacturing plant will add further zeal to its production capacity vis - a - vis enjoy economic of scales which invariably add to its profit margin...now that oil price is still low compared to the days when this company used to make very good profit...add to it the macro economic conditions of reinvigorated US economy and the resulting housing demand..all these coupled with the weak Ringgit is gelling well to further propel the ascendency of this company in the mid term..

817065,
This time around there is a strong possibility that the 2007 record could be surpassed for there is an added bonus of favourable exchange rate besides the low oil price...if this two macro economics fundamentals were to continue in confluence,I suppose the RM 2.16 threshold could be breached within the next four quarters..

Tradervic,
The fair value for this stock going forward is RM 1.85..this is achievable within the next 2 quarters..

Greek default or not...this stock will keep up with its uptrend as long as the exchange rate and petroleum price is not in favour with ours...a little hick ups here and there is a welcome signal to keep on accumulating on this counter...take my word..the next quarterly result due in August will be as good as the previous quarter if not better...

The news that Tabung Haji no longer a substantial shareholder in Evergreen Fibreboard is a welcome news...this means that the fund disposed to take profit...it will go back to accumulate again slowly but surely after the counter dropped to a certain level...meaning it's time to accumulate on this stock again...I expect it to resume its uptrend after sometime...that is the reason I keep on saying that this counter is for mid to long term investors with a time line investment horizon of 2 to 3 years...as for contra traders and greedy speculators...sorry folks...I don't to say ` I told you so!'.

O & G stocks are still not out of the woods yet..at the moment the stocks with high potential returns are those with export based products as such furniture and furniture based...eg Evergreen Bhd..upside potential of at least 25% going forward within the next 2 quarters..but only for genuine investors..not for speculators and contra traders..

Those who follow this forum and read my comments and recommendations and acted upon it about 4 months ago...you would have raked in about 30% of gains...but don't despair,it's not too late..there's still a upside potential of at least 25% going forward...achievable within the next two quarters..strictly not for speculators and contra traders!!!

This stock is worth about RM 0.35 only..
until it could show some tangible and steady revenue flow going forward...too much plans and speculation regarding its potential revenue generation projects and contracts in future...NOTHING IS SURE MOVING FORWARD!!

This counter is for the investors with a year to two in outlook in their investment horizon..not for speculators and contra traders..

As it stands now...this counter is purely for speculators and contra traders... I won't touch it even with a twelve foot pole...it's like dining with the devil..!!

This is the only stock which from my cursory research and keen observations has got all the perfect confluence of micro and macro economics factor to propel into the near future with exceptional returns...it is definitely undervalued at the present price when taken into account its potential P/E ratio of at least multiple of 12 going forward..

Any pull back soon is a buying opportunity as far as this counter is concerned...the ascendency of this counter is unstoppable albeit a little hick ups every now and then but the up trend will be intact until one of this two things were to take place which I don't foresee in the near future...1. the sudden surge in oli price to USD 100 per barrrel and..2. the sudden appreciation of RM vs USD up to 1 USD =circa RM 3.00. I personally expect this counter to go all the way up to RM 2.00 within the next two quarters...

Oil price is a ticking time bomb...may collapse anytime and go on a downward spiral as OPEC keeps on pumping ...

Supply from OPEC countries reached 31.3 million barrels per day in May, the highest levels since August 2012, according to the International Energy Agency.

That means the cartel is producing one million barrels more than the official target OPEC ministers agreed to last week.

And supply from countries outside OPEC -- including the United States -- held broadly steady last month.

Global production continues to outstrip average demand by more than two million barrels per day, despite "unexpectedly strong" growth in consumption, the agency said.

The surplus is sending oil inventories soaring.

OPEC's record output is part of an aggressive effort to keep its market share in the face of fierce competition from the U.S., and others.

Saudi Arabia produced 10.3 million barrels a day in May, a record for the OPEC kingpin.

World oil prices have recovered 40% from their January low of below $45 a barrel, despite what the IEA described as the "lingering supply overhang."

The Paris-based IEA said it expected global supplies to stay strong this year as non-OPEC countries try to defy the price pressure and ramp up production.

But the IEA, which monitors energy market trends for the world's richest nations, said there are early signs that lower oil prices and steep cuts in upstream investment could take their toll on non-OPEC supply.

The U.S. oil rig count has fallen for 26 consecutive weeks, the agency said.

Still, global supplies are three million barrels a day higher than a year ago.

Good news for evergreen's cost of production...