"as at March 2016, we have fully paid off all our USD loan and other loans taken for the expansion of the second line. For the record, these loans were in fact settled one (1) year ahead of the original repayment schedule"
NOTICE IS HEREBY GIVEN that the Twenty-Second (22nd) Annual General Meeting (“AGM”) of HeveaBoard Berhad will be held at The Royale Bintang Resort & Spa Seremban, Ampangan Room, Mezzanine Floor, Jalan Dato’ A.S. Dawood, 70100 Seremban, Negeri Sembilan on Monday, 30 May 2016 at 10.00 a.m., for the purpose of considering the following businesses:
This stock has regained its fundamental strength in March after declaring the full repayment of USD debt. With strong USD currency strengthening in the coming months of 2016, I think its assets will be better off. I was doing a conservative earning projection for the next three years, it may hit RM 2.30. The highest high record is at RM 1.79 in early January this year.
According to Money Flow Index (MFI), the net buying is ramping up and it exceeded net selling by multiples for the past few weeks.
Furthermore, MACD is seen diverging from signal line and crossing above zero line. For the past three days, the closing price of Hevea has been above EMA(12) and is a bullish sign.
Given the strong fundamental prospect and technical confirmation. Reason to hold and wait is worth it.
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kakashit
1,472 posts
Posted by kakashit > 2016-05-04 10:55 | Report Abuse
"as at March 2016, we have fully paid off all our USD loan and other
loans taken for the expansion of the second line. For the record,
these loans were in fact settled one (1) year ahead of the original
repayment schedule"
恩,有借有还,再借不难。