Idiot Dolly is always an idiot. LOL

No use Evergreen5101 ID lah? LOL

HLBank Research Highlights

Results:

4Q16 core net profit of RM13.8m (qoq: -27.6%, yoy: -46.1%) took FY16 core net profit to RM73.6m (-14.5%) The results came in within our expectation, accounting for 97% our full year forecast.


Highlights:

YoY… Core net profit in 4Q16 declined by 46.1% to RM13.8m, affected by lower sales volumes and ASP for MDF products, the absence of deferred tax assets recognition (in 4Q15) and likely losses from sawmill division.

QoQ…. Although revenue rising by 8.4% to RM262.8m (due to higher sales volumes and ASP), 4Q16 core net profit declined by 27.6% to RM13.8m. This was due mainly to higher costs of rubber log wood and glue (which account for about 2/3 of MDF production cost).

YTD… FY16 core net profit declined by 14.5% to RM73.6m, dragged by higher rubber wood log cost, lower ASP for Malaysian operations and higher tax expense, which more than offset improved performance from Thailand operation (due to higher plant utilization rate and lower production costs).


Risks:

Escalating raw material and labour costs;
Weaker-than-expected demand and selling prices for MDF; and
Delay in commencement of new production lines (in particularly, RTA and particleboard).


Forecasts:

We lower our FY17-18 core net profit forecasts by 25.6% and 14% largely to reflect for higher rubber log wood and adhesive price assumptions (which prices have increased by ~20% YTD on the back of weather-induced shortage and higher crude oil price).

.
Untung Sebelum Cukai Evergreen Fiberboard Jatuh Kepada RM88.51 Juta
http://www.bernama.com/bernama/v8/bm/bu/newsbusiness.php?id=1332040

http://www.bursamalaysia.com/misc/system/assets/20137/Directive_on_the_List_of_Approved_Securities_270117.pdf

Hamyue no power ah? LOL

Yesterday what were the TIMING of the HEAVY SELLDOWN ah? I forgotten. Was it 3pm or 3:30pm?

I hope Evergreen5101 doesn't choose to be suicidal when Evergreen collapsed further. LOL

LOL Evergreen5101's personal gearing so HIGH loh at 60%. Why u borrowed so much lah. Property gluts everywhere. Not Singaporean property prices falling meh? LOL probably u cannot unload some assets and look to gamble in Evergreen for quick bucks. Told u don't play and gamble loh.

Mark down Evergreen5101's words first. In future, she doesn't wanna admit. LOL:


Mar 8, 2017 02:14 PM | Report Abuse

hahahaha you cannot read english is it...i have 5 property worth RM5,000,000 but i owe bank RM3 million.... you know how to calculate ar.....sor hai.

Aiyo...no wonder she so afraid Evergreen's stock price fall further lah. Now we know. LOL

Seii Fohh Lohh.....suicide loh....Evergreen5101 just revealed that she used her 5 properties as COLLATERALS at 60% ahhh.....Don't play loh.....later Banks LELONG all your properties then u know. Ur parents know or not? LOL

Afternoon session starts in 15 mins time loh. Those who don't want to get hurt better sell it quick loh. DOn't be like Dolly, stockraider and Evergreen5101 going to suffer BIG LOSSES.

U don't know EVERGREEN is in the Regulated-Short-Selling (RSS) list meh? Look here mah:

http://www.bursamalaysia.com/misc/system/assets/20137/Directive_on_the_List_of_Approved_Securities_270117.pdf

http://www.bursamalaysia.com/market/securities/equities/trading/regulated-short-selling-rss/

Told u don't borrow banks so much mah. U borrowed banks' money also MUST INVEST INTO NET CASH COMPANY MAH.

Didn't u know EVERGREEN is a NET DEBTS company???? LOL

Birdie5101, why u said like these leh (i re-post it here first for future references) LOL:

Mar 8, 2017 12:00 PM | Report Abuse

Bird Brain i got 5 property and i am paying the bank monthly, so i am also in massive debts....oh my god........I AM IN DEEP TROUBLE.....hahahahahaha

Oh no....this is deep shit for Evergreen5101 loh... she "OWED BANK A LOT OF MONEY"! Pity her lah. LOL

Must be happy mah ah Birdie5101....unless u pawned all your 5 properties to play stock market??? Didn't u mentioned u OWED A LOT OF MONEY ???? Look below for evidence what Evergreen5101 said loh:


Mar 8, 2017 12:02 PM | Report Abuse

your skills is only humping on the debts.....i also in debts cause i owe bank alot of money, oh shittttttttttttt.

Evergreen5101 is angry loh because she is losing a lot of money gambling in Evergreen mah. Later her bets are being FORCED SELL and no one picks it up for her. LOL

How does Hevea bankrupt when it is in NET CASH leh?

Evergreen is in NET DEBTS mah...the chance to go BANKRUPT is very HIGH !!

How much Evergreen collapsed leh? Stockraider doesn't want to admit loh. Ha ha!!

http://klse.i3investor.com/blogs/hleresearch/116655.jsp

This article first appeared in The Edge Financial Daily, on February 7, 2017.


Evergreen Fibreboard Bhd (-ve)

SHARES in Evergreen Fibreboard Bhd (fundamental: 1.8/3, valuation: 1.4/3) triggered our momentum algorithm yesterday for the first time since June 2015.

The counter closed down half a sen or 0.51% at 98.5 sen, with 4.52 million shares traded, compared with its 200-day average volume of 3.36 million shares.

The particle board manufacturer’s net profit tumbled 38.8% to RM16.88 million in the third quarter ended Sept 30, 2016 from RM27.59 million a year ago, on lower average selling price of the group’s products.

The group said its quarterly profit was also affected by higher operating expenses, which mainly consisted of lower foreign exchange gain and impairment of goodwill.

Evergreen Fibreboard is currently trading at 0.77 times its book value, and has a market capitalisation of RM837.54 million.

The stock currently has a 12-months price-earnings ratio of 11.17 times.

http://www.theedgemarkets.com/my/article/stock-momentum-evergreen-fibreboard

How much u kena forced sell yesterday? Lose kawkaw ah?

LOL told u don't gamble mah. How much u lose yesterday after u went berserk on me?

Evergreen5101 @ Ah bird...how much u will lose today? Ur break-even price must be 0.95 and above, am I right? LOL told u don't play mah.

Told u mah....short-lived technical rebound. Afternoon sure fall mah. Today sure have a lot contra kaki to be forced sell.

How much u lose? LOL

Ah bird has 5 properties wor... sure all cannot rent out. Told u don't gamble ur money in stocks. Ha ha!!

LOL someone depend on it to pay his bank loans. Ha ha!!

LOL someone nervous already. Free as a bird lah horr....why share price collapsed leh?

Since saltedfish is an expert as he claimed then why is Foundpac's PE so high? Isn't it OVERRATED and OVERVALUED since IPO debut....was it goreng up & started the dumping from 23/02/2017 ? LOL

Evergreen earns only RM 17.86m per qtr but with RM 205.257m of debt borrowings. Now buys subsidiary to do RTA. Current payables amounting RM 149.521m also have to pay so where got money to pay so many things?

12 quarters / 3 years to break-even with the MASSIVE debts? Later bumpy quarters with less earnings happen then how? Result will be longer period for break-even.

With so much borrowings in place and limited cash, Evergreen has insufficient money to do these:

1) CAPEX averagely RM 30m annually
2) Give out dividends to retain long-term investors/shareholders?
3) Restart particleboard segment
4) Starting RTA

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=194811&name=EA_FR_ATTACHMENTS
Evergreen
Cash: 160,308,000
Total borrowings: 205,257,000
Total liabilities: 388,027,000

Cash - Total borrowings = (-44,949,000)
Cash - Total liabilities = (-227,719,000)

Take the latest 5 quarters results of Net profits:
(17.483m + 16.88m + 16.459m + 20.619m + 21.029m) / 5 qtrs = 18.494m averagely per qtr
RM 205,257,000 total debts / RM 18.494m NP = 11.1 qtrs to break-even

Take the latest 4 quarters results:
(17.483m + 16.88m + 16.459m + 20.619m) / 4 qtrs = 17.86m averagely per qtr
RM 205,257,000 total debts / RM 17.86m NP = 11.5 qtrs to break-even

Remarks: Evergreen's massive debts are so huge that it needs at least 12 quarters/ 3 years just to break-even with it while its competitors and peers are embarking on expansion dethroning it from being the largest market cap stock. It is unable to clear out the total liabilities that is why it always need to use loans to keep up with business trades, capex & other things. After minus all debts, it doesn't have cash and if it minus all total liabilities it is even troubling with -227.719m amounts owed.

Almost all companies trying to pare down debts.....

The mighty Hapseng also paring down debts:
http://www.thestar.com.my/business/business-news/2017/03/07/hap-seng-sells-logistics-business-for-rm750mil/

Sime Darby also needs to relist itself into 3 separate entities to restructure so that the high borrowings do not affect the rest of the businesses as a whole:
http://www.thestar.com.my/business/business-news/2017/02/09/marc-affirms-simes-debt-note-ratings-outlook-negative/

TH Plantation also pare down debts:
http://www.nst.com.my/news/2016/05/146468/th-plantations-exploring-ways-pare-down-debt

WCT seeks to dispose assets to pare down debt:
http://www.nst.com.my/news/2016/05/148143/wct-seeks-dispose-assets-pare-down-debt

MRCB to continue asset monetisation to pare down debts:
http://www.nst.com.my/news/2016/05/148860/mrcb-continue-asset-monetisation-pare-down-debts

IOI Corp also trying hard to pare down debts:
http://www.thestar.com.my/business/business-news/2017/02/25/lower-forex-risk-seen-for-ioi-corp/

Why Evergreen has MASSIVE debts RM 205,257,000 and not pare down borrowings? All other big companies also reducing debts.

Share price is SUPER OVERVALUED mah.

4.18x times OVERVALUED to its NTA only 0.177
PE ratio is extremely high EXPENSIVE at 61.67 @ RM0.740

Well at least I don't use funny different ID to create conversations here. LOL

Why some idiot so free to reply back to own ID? Speechless LOL

Idiot Dolly is blind. Where is Evergreen's stock price now? Still not ashamed?

Beware those type of ID with cinis name. Just a wannabe scarecrow LOL

saltedfish, u said u only eat taichfun, right? Let's see whether u have the capacity to to absorb the chips first then I can know if u are just a wannabe.

LOL why so low key use other ID to talk leh? Be a man!

kkanagasg, Foundpac is cheap valuation? LOL

sangharimau, why u like to buy financially weak companies?

See? Until this moment, none of u admit the FACTS.

Share price is SUPER OVERVALUED mah.

4.18x times OVERVALUED to its NTA only 0.177
PE ratio is extremely high EXPENSIVE at 61.67 @ RM0.740

Why Foundpac's PE ratio so HIGH at 61.67 now?

Stock price: 0.740
Net tangible assets (NTA): 0.177 only

That is OVERVALUED 4.18x times to its NTA!
Price-to-Earnings Ratio: 61.67 @ RM0.740

WHY SO OVERPRICED, OVERVALUED? This must be an OVERRATED stock or goreng up by the insiders and now they slowly disposing through proxies (e.g. Accomplices, family members, friends. etc.)

Fallen means no good. If a company is so great, its shares won't be sold down. Always remember that:

"The stock price is a reflection of its fundamentals"

If NEXT quarter earnings fall any lower than current quarter result then its PE ratio can go as high as 100 ??? That time will be SUPER OVERVALUED ?

Does no one notice FPGroup's PE ratio is so damn high at 61.67 @ RM 0.740 ????

OMG! The PE ratio is so extreme high! So damn expensive!!! Why would people buy this kind of stock? Should look for low PE companies.

Price-to-Earnings Ratio: 61.67

PE ratio is 61.67 @ RM0.74 share price.

It should be PE ratio 25 @ RM0.30 share price.
It should be PE ratio 20 @ RM0.24 share price.
It should be PE ratio 15 @ RM0.18 share price.

The most common way to determine if a stock is overvalued uses relative earnings. Relative earnings analysis involves comparing earnings to some market value, such as price. The most popular ratio is the P/E ratio, which compares a company's earnings to its stock price. A company that's trading at a price 50 times its earnings is considered to be trading at a much higher multiple than a company trading for 10 times its earnings. In fact, the company trading for 50 times its earnings is most likely to be overvalued.

Analysts looking for stocks to short are looking for overvalued companies with high P/E ratios, especially when compared against other companies in the same industry or peer group. For example, assume a company with a stock price of $100, and an earnings per share (EPS) of $2, has a P/E ratio, calculated as price divided by earnings, of $100 divided by $2, or 50 times. If that same company has a bumper year and makes $10 in EPS, the new P/E ratio is $100 divided by $10, or 10 times. The company is considered to be overvalued if earnings are $2 per share, but undervalued if earnings are $10 per share.



Read more: Overvalued Definition | Investopedia http://www.investopedia.com/terms/o/overvalued.asp#ixzz4ah5k7ioD
Follow us: Investopedia on Facebook