Posted by saltedfish > 2016-01-08 18:02 | Report Abuse

Same fundamental analysis everyone has seen. Anything new?

Posted by saltedfish > 2016-01-08 18:05 | Report Abuse

Don’t easily influence by rumors and news which is still not confirmed.

Court cases are real, containers issue is real and today's accounting beautification is also there for you to see. You still think rumours ah?

Posted by mamatede > 2016-01-08 18:12 | Report Abuse

@saltedfish before saying something is real, please provide a link.. and i expect some official news portal like thestar, theedge, reuters, cnn or etc. Not some shaddy blog links then i will believe u.

Posted by samgross > 2016-01-08 18:24 | Report Abuse

Everyday heavea heavea heavea and same story repeated...boring...can write some other counter like seacera, AWC, Airasia, bornoil, GSB??

Posted by samgross > 2016-01-08 18:49 | Report Abuse

I read hevea article until i can hafal liao...maybe i3 investor more understand this company than their own director...so many hevea write up article to read

Posted by paperplane2016 > 2016-01-08 18:53 | Report Abuse

Salted fish is gangster in the news, he wanna make hostile take over with wikileaks!

Posted by stanleyong > 2016-01-08 19:10 | Report Abuse

OTB, can you please repeat the reply from Hevea management on the court case and Korean consignment. Many of them have not read because you only post in one Hevea forum and the writer has it removed, i think. For the benefit of all those who has not read the reply and to counter false rumours, please repeat them in all Hevea forum, which i think there are at least 3 of them. We must not allow lies to prevail. Thanks

Posted by stanleyong > 2016-01-08 19:33 | Report Abuse

Blog comment on HEVEA, Internal Cracks Emerging 亿维雅，股东内鬨
Author: robertl | Publish date: Wed, 6 Jan 2016, 02:38 PM


Ooi Teik Bee

Dear valued readers in I3,

I understand many of you are so worried about your investment in Hevea. In order to help you all, I take the initiative to write to Hevea management to clarify 2 items here.

1 - Court case
2 - 700 containers of reject (Actual is 700 m3 not containers).

Below are the answers to both items.

1 - Court case.

The court case is involving our minor shareholders in HeveaWood claiming no dividends after many years despite HB gave limited dividends. We are unable to pay as we have a loan governance to pay borrowers first. The case was won twice but the plaintiffs still brought it to appeal court. This is non issue if we pay up all loans in June this year.

2 - 700 containers of reject (Actual is 700 m3 not containers).

We had an issue that 700m3 of our PB to Korea were held up in Korean port over quality problem last October due to wrong testing method. This is resolved after our protest, our test, local labs, and Korean labs subsequently prove us right. The results are better that requirements. Thus all cargo cleared.

Dear valued readers, I am not siding any party here. I just get the explanation from Hevea management so that all my subscribers are happy with my explanation.

Since I have the answer, I hope to share with all readers here. If you do not believe, please ignore it.

I am not asking you to buy or hold the shares, final decision is yours.

Thank you.
Ooi
07/01/2016 22:03

Posted by wajatimur_28 > 2016-01-08 20:32 | Report Abuse

Up to u la saltedfish...i still wondering...who u want to convince...actually?lol...so sad but true...shame on u saltedfish...lol

Posted by Davidcon > 2016-01-09 11:35 | Report Abuse

Operating a company / list co is very challenging. Lawsuit, containers rejected, business coming down, forex loss, make wrong business decisions, etc are part and parcel of the daily business and considered normal. Which business do not encounter any problem? The important thing is how the senior management solve the problems.

Not disclosing / making announcement on the lawsuit / containers issue does not mean it does not comply with Bursa rules. If the matters are deemed not material by the directors, they can not disclose them. Since it has came out in the blog, i assume Bursa will call the management and the management must have explained to Bursa. And since no announcement has been made, it means it is not material. Case closed!

So we should question the motive of the writer for stirring up small issue and the bad PR. Why are they doing it? To short sell or to threaten the shareholders/director - since CNY is coming? We should call the MD Mr Yoong and ask him who he has offended.

Posted by chinhoe > 2016-01-09 15:37 | Report Abuse

RicheHo : Please comment with common sense..!! Eventho I had sold my Hevea in Nov 15, I hv to admit that it is a direct beneficiary of a strong US Dol..While its true that it has borrowing of abt RM100 Mil ( in US DOL),
remember that their annual turnover is >RM500M...; the loss of forex of borrowing is a ONE-TIME affair, but the turnover is a revolving one !!! Pls be fair to the company and all SHs

Posted by shortinvestor77 > 2016-01-09 16:47 | Report Abuse

1 - Court case.

The court case is involving our minor shareholders in HeveaWood claiming no dividends after many years despite HB gave limited dividends. We are unable to pay as we have a loan governance to pay borrowers first. The case was won twice but the plaintiffs still brought it to appeal court. This is non issue if we pay up all loans in June this year.

Ha!Ha! Starting now, shareholders can sue any companies that don't pay dividends. Company will scarce and hence pay you immediately. Ha! Ha!

Posted by shortinvestor77 > 2016-01-09 16:48 | Report Abuse

How could we believe that small shareholders can sue Hevea just because Hevea did not pay dividend before? They are many counters also don't pay dividends but no sue case. If this is the answer from Hevea, how can all investors are not made known through Bursa?

Posted by shortinvestor77 > 2016-01-09 16:48 | Report Abuse

2 - 700 containers of reject (Actual is 700 m3 not containers).

We had an issue that 700m3 of our PB to Korea were held up in Korean port over quality problem last October due to wrong testing method. This is resolved after our protest, our test, local labs, and Korean labs subsequently prove us right. The results are better that requirements. Thus all cargo cleared.

Ask yourself, all cargo is how many cargo are there? 700m3 is equivalent to 700 containers or more than that? The company never answer yes or no.

Posted by shortinvestor77 > 2016-01-09 16:56 | Report Abuse

Many investors know about XingQ. But Uncle Koon still trusts it. You see, every Super Investor has a blind spot. Agree? We saw Uncle Koon asked for mercy to get the dividends more from XingQ but finally walked out from the A/EGM. Super Investor also looks for dividends lah. No good dividends means no good foundation of the stock?

Posted by shortinvestor77 > 2016-01-09 17:00 | Report Abuse

There are so many trees in the jungle. Why must you burn the whole jungle just for one tree?

Posted by shortinvestor77 > 2016-01-09 17:15 | Report Abuse

Warren Buffett/Quotes
Price is what you pay. Value is what you get.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

Posted by shortinvestor77 > 2016-01-09 17:16 | Report Abuse

Risk comes from not knowing what you're doing.
Someone's sitting in the shade today because someone planted a tree a long time ago.
You only have to do a very few things right in your life so long as you don't do too many things wrong.
Our favorite holding period is forever.
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
In the business world, the rearview mirror is always clearer than the windshield.

Posted by Collin Soo > 2016-01-09 17:21 | Report Abuse

Please note that the loadability for 1x40HQ container is around 66 - 68m3. So 700m3 should be equivalent to about 10 unit containers.

Posted by Ven Felix > 2016-01-09 17:33 | Report Abuse

10 container only, too tiny for a global player.

Posted by Ven Felix > 2016-01-09 17:35 | Report Abuse

Meaning Rob Earth here, good in small fried rumours ??? no.no.no. too silly .

Posted by shortinvestor77 > 2016-01-09 17:52 | Report Abuse

http://www.griffinlogisticsco.com/reference/container_info.pdf

Posted by shortinvestor77 > 2016-01-09 17:53 | Report Abuse

If it is 10 containers, as an expert such as Hevea, it will not tell you 700m3. It will tell you 677m3. (Exact value)

Posted by shortinvestor77 > 2016-01-09 17:53 | Report Abuse

Be professional.

Posted by shortinvestor77 > 2016-01-09 18:24 | Report Abuse

So, I propose to you that
1) Hevea lies to you especially to OTB,
2) (former/existing) Director(s) sues (existing/former) director(s), no such thing small shareholder(s) sue(s) Hevea,
3) 700 containers (times 67.7m3 each), not 700m3 as no such volumes exist.

Wait and see. Time will determine.

Posted by Collin Soo > 2016-01-09 18:48 | Report Abuse

I am working at a trading company and handling export from China/ Asian countries to Scandinavian countries. I repeat if the info of 700m3 is correct, then it is equivalent to about 10 containers.

Posted by kjk85 > 2016-01-12 11:56 | Report Abuse

is the cash on hand denominated in USD or RM ?