Posted by starperformer > 2017-01-03 15:55 | Report Abuse

So hardworking reporting here? So how? Hevea cannot go down loh. Why Evergreen going down week after weeks loh? So many queuing to sell there loh? U must be one of those.

Posted by stockraider > 2017-01-03 16:00 | Report Abuse

Very happy to see evergreen up & hevea down mah....!!
Hevea overvalue loh....thats why must listen Hevea NTA only Rm 0.85 overvalue loh...!!

Posted by starperformer > 2017-01-03 16:10 | Report Abuse

Look at Pohuat and Liihen all way above NTA loh. Keep going up loh. Why urs down down loh?

Posted by bullorbear123 > 2017-01-03 16:11 | Report Abuse

@stockraider can you stop those lah, mah, loh? Very annoying

Posted by starperformer > 2017-01-03 16:21 | Report Abuse

Ah stockraider, how to bankrupt if Hevea is NET CASH? LOL!! Think loh. Still try hard to find excuses to talk good on ur Evergreen? How much in debts is Evergreen? I tell u loh.

Posted by stockraider > 2017-01-03 16:23 | Report Abuse

BULLOBEAR DO U PAY RAIDER ENGLISH TUITION FEES WHEN RAIDER SMALL THAT TIME AH ?

IF U NO PAY...THATS WHY RAIDER ENGLAND BROKEN LOH...!!

SO HOW...TO TALK GOOD ENGLISH LEH?

IF U UNDERSTAND WHO CARES LEH ?

Posted by younginvestor92 > 2017-01-03 16:25 | Report Abuse

Stockraider, many of the high NTA stocks can have low ROE, which indicates management using a lot of money to make small money, if it's so easy to look at NTA to determine value then everybody will be millionaire lol....

Posted by starperformer > 2017-01-03 16:26 | Report Abuse

Don't be annoying loh. Focus talk ur Evergreen can bankruptcy or not loh. LOL

Posted by starperformer > 2017-01-03 16:27 | Report Abuse

He's just run out of excuses until have to talk about NTA. There are many stocks with price way lower than NTA, go buy those loh.

Posted by stockraider > 2017-01-03 16:37 | Report Abuse

HEVEA TODAY PRICE DOWN LOH....!!
IF SO GOOD WHY PRICE DOWN LEH..??

Posted by stockraider > 2017-01-03 16:45 | Report Abuse

RAIDER LOOK AT THE MIRROR AND SEE;

EVERGREEN RM 0.98 UP LOH...!!

HEVEA RM 1.49 DOWN MAH...!!

Posted by starperformer > 2017-01-03 16:46 | Report Abuse

Oh haha! If Evergreen is good then why after weeks, its still downtrend mode? Still want to talk about ur NTA and Bankruptcy mou? Chun chun ah? LOL!!

Posted by stockraider > 2017-01-03 16:48 | Report Abuse

he..he evergreen up mah...!!
hevea down loh....!!

Posted by starperformer > 2017-01-04 09:55 | Report Abuse

Wah Hevea top now.

Posted by nich0las > 2017-01-04 11:00 | Report Abuse

4.50usd

Posted by starperformer > 2017-01-04 11:34 | Report Abuse

Share price is a reflection of the fundamental

Posted by Ezra_Investor > 2017-01-04 12:57 | Report Abuse

Guys please, can you stop arguing like a children?
We are all fundamentals investors, hence we should act professionally like one.
Stop with all these baseless fact and accusation.


NTA is one way to invest, but not all. Raider is only saying half truth, but not full.
For example, if you neglect stocks such as DLADY, APPLE sole because their share price is higher than NTA, while buying companies such as PMCORP, XINGQUAN for their NTA, you would have made an investment mistake.
NTA is not the only yardstick to value a stock.

Understand that valuation is an art, not a science.
Cannot simply pluck a number and say it's overvalue.

Posted by starperformer > 2017-01-04 14:44 | Report Abuse

Ezra, one must understand first of all the assets that a company owned. What type of assets and the characteristics and also the proportion of the portfolio of assets (biological/non-bio) in it's stable of ownership. If a company owns more of appreciating valuable assets such as develop-able lands then u should look more closely to the company's NTA.

Posted by Andrewhlc > 2017-01-04 14:51 | Report Abuse

ai ya ..itu saltedfish no3 talked too much in here just wants our stocks lah....he just pretends to be naive..tipu budak-budak

Posted by starperformer > 2017-01-05 10:40 | Report Abuse

Flying to the moon!!

Posted by Simple man > 2017-01-05 10:50 | Report Abuse

break 1.55 finally will fly high

Posted by starperformer > 2017-01-05 11:32 | Report Abuse

Cup wat? All rubbish. Strong contender like Hevea only need to add. Just as I said always, the share price is a reflection of it's fundamental.

Posted by starperformer > 2017-01-05 12:20 | Report Abuse

Loser stockraider said Hevea overvalue so where is Hevea's price heading now? And where is Evergreen heading? He wants to act sifu but failed. So best just diam loh

Posted by stockraider > 2017-01-05 12:43 | Report Abuse

Aiyah...this stockperformer...why complain show much ?
Just have confident loh....!!

Raider already say Hevea n Evergreen are twin brothers mah..!!
Just pray for both Hevea n Evergreen to do well loh...!!

If u really want to see who will be better...check after 1 yr on 15-12-2017 loh....!!

Anyhow who ever perform or better, the other will do well too mah..!!
So why worry Hevea or evergreen do better ?

Meanwhile huat together loh....!!

Go Go...CNY angpow mari loh...

Posted by Foo Kelvin > 2017-01-05 18:48 | Report Abuse

agree..CNY angpao...huat zai yah lai liao..

Posted by vinvestor > 2017-01-06 15:01 | Report Abuse

be careful of the shortage in foreign workers !

Posted by starperformer > 2017-01-06 18:29 | Report Abuse

Stockraider? A Sifu or Sifut?

Posted by stockraider > 2017-01-09 11:17 | Report Abuse

Posted by stockraider > Jan 9, 2017 11:16 AM | Report Abuse X

IT IS NOW HEVEA RM 1.55 CAN PERFORM OR NOT ?
AND EVERGREEN RM 0.97 CAN PERFORM OR NOT ?

WE TALK FUTURE MAH....IT IS WHERE U MAKE MONIES LOH...!!
IF NO CONFIDENT OF THE FUTURE SHUT UP LOH...!!
DOLLY & RAIDER VERY CONFIDENT EVERGREEN MAH...!!

Posted by stockraider > 2017-01-09 11:18 | Report Abuse

Companies with lots of cash..how to bankrupt leh?

NO BANKRUPT...BUT LIKE HEVEA NTA RM 0.85 SHARE PRICE RM 1.55 OVERVALUE LOH....!!

SHARE PRICE WILL FALL BCOS OVERVALUE LOH...!

Posted by starperformer > 2017-01-09 11:32 | Report Abuse

Aiya stockraider, I told u to buy HEVEA mah. Look where is HEVEA now? It's trending upward only. Why buy debt-ridden Evergreen leh? Evergreen is like 1MDB mah...with huge debts of RM 216.585 millions.

Posted by stockraider > 2017-01-09 11:34 |

Post removed.Why?

Posted by starperformer > 2017-01-09 12:02 | Report Abuse

Evergreen does not have new machines yet. It relies heavily 80% revenues just from MDF segment. If MDF pricing flopped then u can kiss it goodbye. It's also not high profit margin segment like RTA and Particleboard.

Evergreen has efficient cost of production?? Look below for annualized profit margins:

EVERGREEN
2012: 3.2%
2013: -4.5%
2014: 0%
2015: 9.1%
2016: 7.3%

HEVEA
2012: 4.1% (Hevea's RTA segment started operation in early of 2012)
2013: 5.7% (Continuation of CAPEX throughout the year for more automation for RTA)
2014: 7.2%
2015: 14.7%
2016: 13.3%

Posted by stockraider > 2017-01-09 12:06 |

Post removed.Why?

Posted by younginvestor92 > 2017-01-09 12:07 | Report Abuse

Raider, i see you talk bad about hevea from 1.07 and 1.54 now haha

Posted by stockraider > 2017-01-09 12:08 | Report Abuse

Raider talk bad hevea when Rm 1.55 mah....!!
Why ?
Overvalue NTA Rm 0.85 only loh...!!

Posted by Hassan850 > 2017-01-09 12:10 | Report Abuse

hahaha

Posted by starperformer > 2017-01-09 12:34 | Report Abuse

Hevea is in the strongest position among all related stocks. Just using cash on hand RM 109,790,000 also can settle entire total liabilities of RM 66,513,000.

Result is RM 43,277,000 on hand. Still can loan it to Evergreen to make money. LOL

My Mieco is in the second strongest position with RM 39,346,000. That is why my picks are still Big Winners! Look at those share prices.

Posted by stockraider > 2017-01-09 13:01 | Report Abuse

U buy a Duit kopi shop that have cash Rm 85,000 for Rm 155,00...then u come and tell raider this duit kopitiam is the strongest bcos it got Rm 85k cash ah ??

Use your head lah....u pay rm 155k to get a kopitiam that have rm 85k cash...and tell raider this is the strongest loh...??!!

Raider ask...Not overvalue meh ??

Posted by yfchong > 2017-01-09 13:25 | Report Abuse

Coming to 春 节。 be nice to every one 2017 lets huat hand in hand

Posted by Dolly_Chai > 2017-01-09 13:45 | Report Abuse

Raider, let's just ignore this joker sxckeperformer... he is still not ware of how disgusting and not-welcomed he is in this forum... how sick of him...

let me make one last blow to him on his idixtic and biased comments (for his personal agenda i guess, if not why spend so much time here... quite obvious, he missed the boat and is trying to pull down the share price - but who is he? does he have such influence.. haha.. )..


1) Debt of Evergreen (which is manageable and reasonable for the industry it is involved in) - he keeps saying that Hevea has zero debt but Evergreen has debt.. I have told him that Hevea is more like a furniture company as its 60% sales are from RTA (ready to assemble furniture) which are less capex intensive. Where as currently Evergreen manufactures 80% of raw MDF so it is more capex intensive in terms of the machineries and maintenance. They are not in the exact industries so you just can't compare directly.. he has not even answered my question on this one.. Yes, evergreen will target to build more RTA (current 5% of total revenue), but their main focus is still MDF at current stage. So, until one day when Evergreen has its RTA sales reach 50-60% of total revenue, then only it is fair to directly compare with Hevea on the debt/net cash...

2) Debt of Evergreen - again, let's discuss if the debt is bad or actually good for evergreen. We know that many business raise loans to expand. We have to examine whether their profit margin is higher than the interest they need to pay for the loan. Last year (2015 full year), evergreen net profit margin is 9.1%. This year (up to 9 months), due to forex loss, the net profit margin dropped to 7.3%. But this is still higher than the bank interest rate that they are paying for... example, if you earn RM10 additional but you pay RM5 for interest, u still get additional (net RM5) for the expansion... so why not to expand if you have net profit from there?

3) Dividend - he is again very biased and misleading here.. 2013-14 were bad years for Evergreen, we all know and admit that. This was due to the intense competition of MDF makers within ASEAN (as 2006-08 were good years and many new MDF makers ventured into this business can caused over-supply) However, as mentioned by Evergreen management, many small and incompetitive MDF players have been washed out (go bankrupt) during the bad years of 2012-2014 due to losses.. but evergreen as the biggest MDF player in ASEAN with strong footing and experience has weathered thru the storm and grow bigger now.. in fact, they ate up the market shares of those closed-shop small factories,.. so from 2013-14, we cannot expect evergreen to pay dividends during tough years.. why I said he is biased? When Hevea was in deep financial woes during 2009-2010, why did sxckperformer not question: why Hevea did not pay out dividend during tat time? see? he is manipulating his words...

4) Dividend - in latest AGM, Evergreen management has approved to give out at least 40% of net profit to shareholders... so, with the expansion plan almost done (will require less capex, and have more cash)... we can expect more dividend to come.. we invest in the future of Evergreem.. but this joker keeps talking about the past.. and he totally kept quiet about Hevea's past on the bad years.. and when raider said Hevea almost went bankrupt.. what did this sxckperformer say? Trump went bankrupt 3 times but now is a US president.. haha.. funny right? we know it is not end of day for bankruptcy, but we dislike his biased view on evergreen.. Hevea's past was bad, but it is ok.. Evergreen's past was bad, but it is not OK.. see it?

sxckperformer.. see.. i wasted so much time to explain to some idixt like u.. quickly thank me la.. coz i "put money in ur pocket" d...

Posted by Dolly_Chai > 2017-01-09 13:45 | Report Abuse

i have answered all his stupid and manipulated questions, but he has not even answered my one question:

is evergreen a furniture stock at current stage? is it fair to compare its capex intensive business with "pure/mainly" furniture makers which are less capex intensive?

Posted by Dolly_Chai > 2017-01-09 13:45 | Report Abuse

no-balls idixt has been eluding my question and until today, he dares not to answer...
why? bcoz he knows that Evergreen cannot be deemed as a "furniture stock" now due to its low participation in RTA (but the potential for evergreen to grow its RTA revenue in future is really HUGE)... so we are looking at the growth in Evergreen...

Posted by Dolly_Chai > 2017-01-09 13:45 | Report Abuse

sxckperformer asked Tony Fernandes:

Why r u doing aviation business which requires a lot of capex and need to raise debt?

Tony fernandes smacked his head and answered:

some ppl are good at selling nasi lemak, some ppl are good at selling butt (like you)... my expertise is in aviation so i do this business...

if no one do this kind of business, there is no airline...

same thing for MDF... if everyone makes furniture, no one makes MDF.. where to buy MDF?

see how stupid his question is..

Kuo familiy is expert in MDF making so they involve in this business... you ask him to sell nasi lemak? no need a lot of capex, no debt...

Posted by Dolly_Chai > 2017-01-09 13:46 | Report Abuse

currently RTA only consists of 5% of evergreen overall sales.. with that, you define "current" evergreen as furniture maker.. that is really brainless...

Evergreen is still mainly a MDF maker so you are comparing with current furniture maker..
can you be sharp enough? why are u so dumb? speechless...

here is a scenario:

sxckperformer sells nasi lemak at his stall everyday... but one day a gxy guy paid him RM1 and he sold his butt (jual punggung).. just one time ya..

even though his major business is selling nasi lemak, but he defines himself as full time butt-seller.. wah... his definition is really speechless to me...

Posted by Dolly_Chai > 2017-01-09 13:46 | Report Abuse

i am sharing some fundamental analysis (to put money into sxckperformer's pocker now)...

his observation (purely looking at the debt and conclude that Evergreen has trouble with it) is shallow and of kindergarten class/grade. We should perform a more detailed analysis which also involves its free cash flow...

let me show him:

Based on latest balance sheet:
1) Net debt/Equity = 75.435M/1,111.168M= 0.0679 or 6.79% net debt/equity. Is this not manageable? is this not healthy? Compare with 2015, net debt has actually reduced.

Based on average FCF of latest 3 years (2013-2015) - to reflect a more accurate average value
2) Free cash flow Yield (CY = FCF/MC)
Net cash generated from operation (2013)=52.053M
Net cash generated from operation (2014) = 84.906M
net cash generated from operation (2015) = 119.913M
- average net cash from operation = 85.624M

CAPEX (2013) = 40.907M
CAPEX (2014) = 21.595M
CAPEX (2015) = 93.278M
- average CAPEX = 51.927M

Average FCF = net cash from operation - CAPEX = 33.697M

market capitalization (MC) = RM0.97 * 820.607M shares = 795.99M

Free cash flow yield (CY) = FCF/MC = 0.0423 or 4.23% (>4% which is good)


This means that every RM1 you invest in Evergreen, you receive cash yield of 4.23% which is better than normal FD rate...
~~~~~~~~~~~~~~~~~~~~~~~~~~~

if you really observe well, you can see that their net cash from operation keeps increasing, while net debt has reduced as compared to last year.

i doubt if this sxckperformer really understands fundamental/value investing well? before he comments and shows his shallow & twisted "facts", i suggest he better learns more on free cash flow first...

Posted by starperformer > 2017-01-09 15:07 | Report Abuse

2 of these jokers are heavenly paired together or having split personality disorder. LOL

Posted by starperformer > 2017-01-09 15:07 | Report Abuse

Provided u a list of related stocks previously and everyone can see that Evergreen is indeed an underperforming share. Why is that so? I've highlighted many times in the past and people can check back from my previous postings. I've hand-picked HEVEA and HOMERIZ because these 2 are in solid financial standing with lots of readily available cash on hand for futher utilization. Look at the share price of those companies as proof.

Posted by mysmo1 > 2017-01-09 15:52 | Report Abuse

i like the good debate, it help me know more from both side, but maybe can create another thread and debate over there.

Posted by stockraider > 2017-01-09 15:57 | Report Abuse

mys,
Pls don get star....not to kacau in evergreen....then no debate over here loh...!!

Posted by starperformer > 2017-01-09 16:08 | Report Abuse

U stir up wherever I go so this is what u get loh. Gentleman manners u don't want mah so play backhand tennis loh.