Posted by starperformer > 2017-01-19 16:27 | Report Abuse

Eh....Dolly lastly wrote this line:

"they are also building more RTA lines which will command better margin... "
19/01/2017 15:12

Dolly zai, let me refresh ur memories with these again which u denied in the past and sadly currently:

Posted by starperformer > 2017-01-19 16:27 | Report Abuse

Hevea's Annual Report 2015, page 3:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5079141

Our Ready-To-Assemble (“RTA”) furniture sector had also contributed significantly to the Group. With the additional capital expenditure (“CAPEX”) towards upgrading, we were able to further achieve higher automation and a wider range of higher value product diversifications. With that strategic move, we expect to be able to mitigate the labour cost increase and continue to contribute additionally to the Group. The RTA sector had registered a 15.5% revenue growth to RM293.0 million in
FY 2015, up from RM253.6 million in FY 2014 and a PBT of RM40.3 million in FY 2015, as compared with RM19.9 million in FY 2014, an increase of 102.5%

Evergreen's Annual Report 2015, page 17:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5070781

On a longer term Strategy, the Group will be focusing on increasing its production volume for its Ready To Assemble (RTA) Furniture Products as this will enable us to have a wider range of premium products that is able to fetch a higher profit margin on its designs and quality.

Posted by starperformer > 2017-01-19 16:30 | Report Abuse

U stressed out that u are "optimistic" is not enough in the investment world. I can be optimistic with over 500 companies in Bursa....that does not mean or translate into a sure win situation.

Posted by starperformer > 2017-01-19 16:30 | Report Abuse

WHY EVERGREEN's PROFIT MARGINS FLUCTUATE SO MUCH AFTER YEARS OF CAPITAL EXPENDITURES (CAPEX)??? Below as indicated are the round-up of EVERGREEN and HEVEA profit margin:

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 > 2017-01-19 16:32 | Report Abuse

Hevea related party transaction make 750% profit not con meh ?
Why owner buy 1st, without give hevea opportunity to buy leh ?

If like that...not con...what is conleh ??

This type of management...no integrity loh....!!

Next when build factory all your cash gone with big borrowing loh...!!

Posted by starperformer > 2017-01-19 16:33 | Report Abuse

Look at the above figures, that is a good indication of whether the management or company as a whole are "effective" or "efficient" during CAPEX period. How come other companies like Hevea, Mieco and Pohuat also have CAPEX for years and profit margins keep climbing? What about Evergreen? Answer is obvious!

Posted by stockraider > 2017-01-19 16:37 | Report Abuse

What is the use of looking at historical figures, when see owner conning 750% profit loh....!!

The next stage of conning, is this management will build white elephant factory at over inflated price loh....!!

If don run , cry all no tears loh....!!

These hevea management are big time conman loh...!!

Posted by mr00183 > 2017-01-19 16:51 | Report Abuse

Dolly chai i think you beginning to miss the point. No matter how optimistic the plans of management and how convincing the abovesaid plan sounds to investors, unless it it recorded as increased earnings. All are dust and speculations..

Both goes to heveaboard and evergreen

Posted by starperformer > 2017-01-19 17:30 | Report Abuse

Strategy talks can be overwhelmingly wonderful but it is the EXECUTION that is CRUCIAL. All other competitors have done very well in executing strategies. Just answer this urself & u don't have to reply me.

WHY FOR YEARS EVERGREEN SPENDING ON CAPEX BUT PROFIT MARGINS ARE SUBDUED & UNSTABLE OVER THE YEARS???

Below as indicated are the round-up of EVERGREEN and HEVEA profit margin:

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 younginvestor92 > 2017-01-19 17:31 | Report Abuse

Stockraider, don't simply make false claim.....

Posted by starperformer > 2017-01-19 19:02 | Report Abuse

This stockraider is stuck in Evergreen bah that's why he make unreal assumptions everyday. Should learn from me to use factual evidence to back-up any claims. Told him to buy Hevea loh. LOL

Posted by aidwiz > 2017-01-19 19:21 | Report Abuse

this is like dolly, starperformer and stockraider forum haha.

Posted by stockraider > 2017-01-19 21:42 | Report Abuse

No company other than Hevea management make a staggering 750% profit on related party transaction loh....!!

If Hevea management can wallop 750% profit such a big chunked...can u imagine how much they will wallop from inflated factory construction leh ??

Raider says hevea management are corporate rapist loh....!!

Posted by mysmo1 > 2017-01-19 23:13 | Report Abuse

ready to shoot up liao boi?

Posted by starperformer > 2017-01-20 09:24 | Report Abuse

WOW

New acquisition purchase price: RM 13,463,350.40

The new acquisition will be funded through...
Internally Generated Funds : RM 4,442,905.63 (33%)
Borrowings : RM 9,020,444.77 (67%)

Hevea's latest quarter report announced on 22 Nov 2016.
CASH AND BANK BALANCES 109,790,000
LONG TERM BORROWINGS 6,947,000
SHORT-TERM BORROWINGS 8,164,000
Total debts: 15,111,000
Cash - Total Borrowings = 94,679,000 (*NET CASH POSITION)


RM 15,111,000 + RM 9,020,444 = RM RM 24,131,444 (New total borrowings soon)

RM 109,790,000 (TOTAL CASH) - RM 24,131,444 (NEW TOTAL DEBTS SOON) = RM 85,658,556 (NEW CASH BALANCE after new land acquisition)

For the "Internally generated funds" portion of funding, u take:

RM 4,442,905 / 507,151,890 (Hevea shares in circulation) = RM 0.0088
WOW! Not even reaching RM 0.01 per share to fund it? It's peanuts for Hevea's financial might! LOL

WOW. HEVEA STILL IN NET CASH POSITION & NO GEARING AGAIN.

Posted by starperformer > 2017-01-20 09:34 | Report Abuse

Read...

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=77286&name=EA_GA_ATTACHMENTS

3. RATIONALE
The Land will be utilised for building of additional factory premises and production facilities to cater for new projects and increasing production demand. The strategic location of the Land which is next to HeveaPac’s existing manufacturing plants will facilitate resources sharing and synergise production capacity.
The acquisition of the Land will enable the Company, through its subsidiary HeveaPac, to progressively expand its production capacities for meeting the current and future growing demand for its products.


#That saves a lot of logistic costs and boost capacity at "ONE LOCATION" because the land is right next to current factory! WOW! Pay premium price also nevermind loh since we get to expand just next door. Stockraider, u better collect Hevea's shares to recoup ur losses in debt-laden Evergreen loh.

Posted by yfchong > 2017-01-20 11:23 | Report Abuse

ai ya.....long wait........not in the focus area.... looks dull. no kick.

Posted by buckbunny > 2017-01-20 15:30 | Report Abuse

buy Inari is better.

Posted by Farge168 > 2017-01-20 15:31 | Report Abuse

Kids playing tug of war today,boring........

Posted by buckbunny > 2017-01-20 17:30 | Report Abuse

better jump ship from here.

Posted by Dolly_Chai > 2017-01-20 17:48 | Report Abuse

sxckperformer is talking cxck again... keep comparing evergreen with company like hevea and pohuat which are furniture companies... i have explained why we can't compare that way but he pretend he is blind and could not see it...

Posted by stockraider > 2017-01-20 18:20 | Report Abuse

3. RATIONALE
The Land will be utilised for building of additional factory premises and production facilities to cater for new projects and increasing production demand. The strategic location of the Land which is next to HeveaPac’s existing manufacturing plants will facilitate resources sharing and synergise production capacity.
The acquisition of the Land will enable the Company, through its subsidiary HeveaPac, to progressively expand its production capacities for meeting the current and future growing demand for its products.


#That saves a lot of logistic costs and boost capacity at "ONE LOCATION" because the land is right next to current factory! WOW! Pay premium price also nevermind loh since we get to expand just next door. Stockraider, u better collect Hevea's shares to recoup ur losses in debt-laden Evergreen loh.

JUST RUBBISH TALK LOH....!!
THE SALES OF HEVEA NOT GROWING, THUS GOT EXCESS CAPACITY MAH....WHY SIMPLY SPEND ON A WHITE ELEPHANT FACTORY EXPANSION LEH ?

ALL POINTS TO THE INCENTIVE TO CON THE MINORITY SHAREHOLDER THRU INFLATED FACTORY COST & LAND LOH....!!

THE 750% RRPT CONFIRMED THE BAD INTENTION LOH....!!

Posted by Ezra_Investor > 2017-01-21 15:21 | Report Abuse

Just realized i3investor removed the company announcement button under headlines, that's stupid.

Posted by yfchong > 2017-01-22 15:46 | Report Abuse

Still got 20 more working days......... To the release 4Q 2016.......

Posted by nich0las > 2017-01-22 16:08 | Report Abuse

Habis, this quarter result must be very bad due to USD already drop to 4.447. Lets RUN ..... 100meter

Posted by 10bagger10 > 2017-01-22 16:29 | Report Abuse

nikoless,
are u serious?

Posted by yfchong > 2017-01-22 16:33 | Report Abuse

haha let try indoor stadium 60m faster

Posted by Dave Jet > 2017-01-23 11:31 | Report Abuse

Us 1：4.447 no good meh? Haha..us 1.:8 just good?

Posted by buckbunny > 2017-01-23 12:25 | Report Abuse

hopeless counter..jump ship..

Posted by stockraider > 2017-01-23 16:55 | Report Abuse

Hevea...collapsing due to management conning minority shareholder with 750% profit with related party land sales...!!

Posted by nocindycat > 2017-01-23 18:02 | Report Abuse

stockraider obviously is robertl or saltedfish LOL

Posted by stockraider > 2017-01-23 18:15 | Report Abuse

Lousy lah.....!!
Coming down already loh.....!!
If owner con so much monies, sure fall mah....!!

Posted by Budapest > 2017-01-23 22:43 | Report Abuse

Polluted

Posted by starperformer > 2017-01-24 09:53 | Report Abuse

WOW Hevea so strong climbing. How is Evergreen? LOL

Posted by Dolly_Chai > 2017-01-24 10:57 | Report Abuse

i am okay with constructive debates, if the statements were backed by facts, but not manipulated half-facts...

from day 1 we can see that this sxckperformer has been tweaking and manipulating his words to give others a wrong impression on Evergreen.. most of his accusations are baseless, biased and dishonest...

yes, he did provide some real figures especially on the debt of evergreen, but he covered up other facts which i then revealed such as the healthy net debt/equity ratio, good free cash flow yield, growth prospect etc...

he hid all these positives and magnified the debt of evergreen which i think is very unethical...

perhaps i am a bit vulgar in my words so i have to apologize to others who read it and felt uncomfortable...

but i indeed despise ppl like him who manipulated statements just for his own agendas... (God knows what his agenda is)...

Posted by Dolly_Chai > 2017-01-24 10:57 | Report Abuse

sxckperformer is a typical loser, yet accused others to be losers.. haha...

he has not responded to any of my explanation (on his biased statements) yet, not even one of my many statements...

stupxd asx always talk cxck....

I had mentioned in the past the Evergreen's net profit margin is even higher than the cost of paying loan interest... and in this case, it is WORTH to borrow money to make more profit...

see... again, he is caught red-handed to being biased... and he dares not even answer to any of my explanation... never mind, i will repost below...

Posted by Dolly_Chai > 2017-01-24 10:57 | Report Abuse

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?

Posted by Dolly_Chai > 2017-01-24 10:57 | Report Abuse

see... this loser cum idixt has not responded to any one of the statements i raised above... typical loser

Posted by Dolly_Chai > 2017-01-24 10:59 | Report Abuse

stupxd axs will only look at short term performance on share price.. we have a bigger picture to project into 9-month to one year time... where evergreen will likely see much improved revenue and net profit (in terms of growth) in comparison with Hevea...

that is what we wanted to debate about...

and sxckperformer is indeed a shallow and naive fellow....

Posted by starperformer > 2017-01-24 11:37 | Report Abuse

Dolly zai, have u responded to my questions as well? That serves u right! Ha ha !

Posted by starperformer > 2017-01-24 12:14 | Report Abuse

Dolly zai, u want to know why Evergreen is going down? U just have to ask me nicely.

Posted by buckbunny > 2017-01-24 12:25 | Report Abuse

Budapest had gone to Holland.

Posted by Dolly_Chai > 2017-01-24 13:07 | Report Abuse

wtf, i have responded to each of your stupid and false/manipulated so-called statements/facts... in fact, you have returned a single response to my anwers.. ppl here are not blind.. they can see how i answered your farked up and stupid questions.. whereas u havent even done so for my clarification..


loser remains loser... keeps falsifying things and accusing ppl without using brain....

Posted by starperformer > 2017-01-24 13:15 | Report Abuse

Dolly zai, why u so worry? Evergreen is weak & soft, u either get stuck for a long time or u can jump to Hevea loh. Do the smart move. LOL

Posted by VCBL > 2017-01-25 00:28 | Report Abuse

That piece of vacant land hevea bought surely is overpriced, but no choice because Peh is the main guy in heveapac. Without him, hevea profit will be halved

Posted by VCBL > 2017-01-25 00:30 | Report Abuse

ever see any directors of subsidiary company drive S400? in heveapac this is happening lor

Posted by starperformer > 2017-01-25 11:12 | Report Abuse

Paid a premium just to have the ease of doing business and expansion at the exact same location which is just next to the current factory location. Pavilion's Desmond Lim paid even a whooping premiums for a land adjacent to the Pavilion BB for future expansion. I see high synergistic potentials out of this land purchase while it's balance sheet still remain solid.

Posted by starperformer > 2017-01-25 11:14 | Report Abuse

New land acquisition purchase price: RM 13,463,350.40 (#This is peanuts for Hevea)

The new acquisition will be funded through...
Internally Generated Funds : RM 4,442,905.63 (33%)
Borrowings : RM 9,020,444.77 (67%)

Hevea's latest quarter report announced on 22 Nov 2016.
CASH AND BANK BALANCES 109,790,000
LONG TERM BORROWINGS 6,947,000
SHORT-TERM BORROWINGS 8,164,000
Total debts: 15,111,000
Cash - Total Borrowings = 94,679,000 (*NET CASH POSITION)


RM 15,111,000 + RM 9,020,444 = RM RM 24,131,444 (New total borrowings soon)

RM 109,790,000 (TOTAL CASH) - RM 24,131,444 (NEW TOTAL DEBTS SOON) = RM 85,658,556 (NEW CASH BALANCE after new land acquisition)

For the "Internally generated funds" portion of funding, u take:

RM 4,442,905 / 507,151,890 (Hevea shares in circulation) = RM 0.0088
WOW! Not even reaching RM 0.01 per share to fund it? It's peanuts for Hevea's financial might! LOL

WOW. HEVEA STILL IN NET CASH POSITION & NO GEARING AGAIN. This land acquisition & expansion is really peanuts for Hevea. Still have lots of cash on hand.

Posted by starperformer > 2017-01-25 11:18 | Report Abuse

I believe Hevea is going to reward shareholders through the "internally generated funds" exercise to fund the new land purchase while re-adjust the share price consequently. A rewarding exercise to be announced soon.

Posted by yfchong > 2017-01-25 12:46 | Report Abuse

See the coming q report...... Another 20 working days....