Posted by Dolly_Chai > 2017-01-25 14:40 | Report Abuse

haha... sxckperformer shows how biased he is again... keep defending Hevea's management as if he knows the details of the transaction of land sales...

why so biased?

Hevea in his mind : perfect, the boss's fart is also fragrant..
Evergreen in his mind : shit, no use at all

whereas in others' mind (more neutral):
We acknowledge the strengths and weaknesses of each company

Posted by Dolly_Chai > 2017-01-25 14:41 | Report Abuse

sxckperformer, u better save ur gas from now on as no one will ever trust ur shxt anymore...

Posted by Dolly_Chai > 2017-01-25 14:41 | Report Abuse

u r such a low-class dxmbaxs...

Posted by Dolly_Chai > 2017-01-25 14:43 | Report Abuse

u know what a typical loser is?

- who always want to win, despite fact is telling that he is wrong
- to manipulate statements to defend his wrong-saying just because he does not want to lose
- always act like fundamental sifu but can hardly understand valuations (simple FCF yield also dun understand, pls dun act like u r sifu la... very funny lo)...

Posted by Dolly_Chai > 2017-01-25 14:44 | Report Abuse

i suggest u sign up a FVI (fundamental value investing) class first, before you want to act like sifu and talk cxck about evergreen's manageable debt/healthy balance sheet... u dunno how to interpret balance sheet, u only know how to eat shxt

Posted by Dolly_Chai > 2017-01-25 14:45 | Report Abuse

haha.. joke ---- i believe

I believe you have no balls...

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

starperformer 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 Dolly_Chai > 2017-01-25 14:47 | Report Abuse

it is a shame of you to even talk about balance sheet if you do not know how to interpret it... lousy idixt... u know how to read cash flow? u know what is free cash flow yield?

sxckperformer: dun talk financial jargon.. i only look at debt alone..

hahaha.... laugh die me....

Posted by younginvestor92 > 2017-01-25 14:53 | Report Abuse

dolly, can stop posting about evergreen at heveaboard's forum page? we as shareholders of hevea with 40% profit currently, want to discuss about heveaboard.... you can go evergreen forum to continue your scolding.

Posted by Dolly_Chai > 2017-01-25 14:56 | Report Abuse

if sxckperformer can stop his shxt and cxck-talking at evergreen forum, i am more than happy to stop immediately.. he started that baseless, biased and false accusation so he should stop that

Posted by starperformer > 2017-01-25 17:21 | Report Abuse

Ha Ha!! Hevea's capex since 2012 has produced increasing profit margins and amassed enormous cash-pile at RM 109,790,000 now. What about Evergreen spent on capex for years also have unstable profit margins. That shows inefficient management loh. I think Dolly needs to borrow balls from stockraider loh. Valentine's day coming & u both can hug until Evergreen collapse while Hevea climbing ever higher.

Posted by stockraider > 2017-01-25 17:35 |

Post removed.Why?

Posted by Dave Jet > 2017-01-25 17:41 | Report Abuse

打嘴炮又不能赚钱。。不明白。。：))

Posted by starperformer > 2017-01-25 18:04 | Report Abuse

LOL .... stockraider still make not funny jokes.

Hevea's per quarter Net Profit and Profit Margins have exceeded Evergreen loh. Look below 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%

WHY DOES EVERGREEN BEEN SPENDING ON HEAVY CAPEX AVERAGELY RM 30m PER YEAR ALSO BEAR NO FRUITS ?? Hmmmmmm.....THINK THINK

Posted by stockraider > 2017-01-25 18:11 |

Post removed.Why?

Posted by starperformer > 2017-01-25 19:05 | Report Abuse

LOL Hevea is very prudent with it's trades, capex and money management until it can amass a whooping RM 109.79m cash on hand. This has proven it's management is very effective and efficient loh.

846,423,985 shares x RM 0.94 = RM 795,638,546 market cap (EVERGREEN)
507,151,890 shares x RM 1.47 = RM 745,513,278 market cap (HEVEA)

WOW Hevea's market cap is poised to surpass Evergreen loh while having lots of cash and low debts. Great to invest in such company with solid fundamentals. Safe and sound. Can sleep well with price trend upward.

Posted by starperformer > 2017-01-25 19:09 | Report Abuse

If Evergreen's business in MDF is good then why does it need to get into particleboard & RTA leh? MDF business is no good loh. Do u want me reveal why MDF's raw materials pricing is expensive and unstable? Particleboard raw materials is cheaper and more stable. If u ask me, I will explain further. Ha ha!!

Posted by Alex Por > 2017-01-25 22:39 | Report Abuse

y always talk about evergeen! want talk evergreen pls go page evergreen la

Posted by starperformer > 2017-01-26 08:19 | Report Abuse

Someone talk nonsense about Hevea without proven basis so I replied that Evergreen supporter loh. Buy Hevea.

Posted by Dolly_Chai > 2017-01-26 09:57 | Report Abuse

farker idixt dumbaxx sxckperformer is really brainless, the way he talks...

Posted by Dolly_Chai > 2017-01-26 09:58 | Report Abuse

A list of statements that sissy sxckperformer has no balls to accept and respond yet as of today..

From knylck:
1) Loan repayment should be fixed every month, Short term loan figure shown in balance sheet is only the principal to be settled in the next 12 months (for financial statement presentation purpose only) so you should not directly deduct the total.
2) You exclude the fact that there is also cash flow coming in every month.

So your statement that the company is running low of cash is not valid based on your calculation.

From me:
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?

Based on latest balance sheet:
5) 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
6) 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...

Posted by Dolly_Chai > 2017-01-26 09:58 | Report Abuse

see... until today, he selectively responded to raider's argument but dare not even answer anyone of my statement above...

loser is loser.. it is obvious...

why? he knows in his heart that he cannot fight back my facts

Posted by Dolly_Chai > 2017-01-26 09:58 | Report Abuse

idixt sxckperformer, if i were u, i would go bang my head on the wall la...

toh sui gar

Posted by ViWizard > 2017-01-26 10:20 | Report Abuse

hevea gogogo

Posted by starperformer > 2017-01-26 10:20 | Report Abuse

LOL I must have twitched Dolly's nerve today. What happened to u again? Ah...it must be ur Evergreen going down to longkang. Stop accusing me lah I wrote and replied based on factual data from all reports available only. Why u so mad? Was it I revealed Evergreen's huge debts? If I don't talk about it, other people also will mah.

Buy Hevea to regain ur confidence and losses loh.

Posted by ViWizard > 2017-01-26 10:23 | Report Abuse

i prefer hevea more than evergreen :P

Posted by Dolly_Chai > 2017-01-26 10:34 | Report Abuse

sxckperformer, dun talk cxck anymore... respond to my statement above first, one by one...

i already can tell that you are not able to answer any of those as you farking know you have no points to fight back...

fact is fact, not like those that were tweaked and manipulated by you...

u r just telling part of the story but hiding the bigger part which is the real situation...

pathetic idixt

Posted by starperformer > 2017-01-26 10:52 | Report Abuse

Up up hooray! Uptrend continues

Posted by starperformer > 2017-01-26 10:57 | Report Abuse

Dolly, don't block the way. Hevea is busy and continues. LOL

Posted by buckbunny > 2017-01-26 11:05 | Report Abuse

Hevea not a good stocks,buy Inari better..

Posted by Dolly_Chai > 2017-01-26 11:22 | Report Abuse

fark u sissy sxckperformer.. where are ur balls? dare not respond to my statement is it?

Posted by Dolly_Chai > 2017-01-26 11:22 | Report Abuse

if tak tau, say tak tau.. dun act like sifu.. disgusting farker

Posted by starperformer > 2017-01-26 11:31 |

Post removed.Why?

Posted by starperformer > 2017-01-26 11:33 |

Post removed.Why?

Posted by Dolly_Chai > 2017-01-26 12:35 | Report Abuse

haha farker has yet to respond to my statements above and continue to talk cxck.. fark u la...

Posted by Dolly_Chai > 2017-01-26 12:36 | Report Abuse

btw, i thought u mother-farker accused me to be the same person as Raider? now slap ur own face, farker? haha

Posted by starperformer > 2017-01-26 14:21 | Report Abuse

I've responded u everything loh. Why u so long-winded one? LOL

Look at Hevea's market cap overtaking Evergreen loh.

Posted by mysmo1 > 2017-01-27 12:23 | Report Abuse

祝大家新年快乐平安，财源广进！ 我离开hevea过年了。期待下一个进场机会

Posted by yfchong > 2017-01-31 08:31 | Report Abuse

Today first day of trading........any hope to go up....

Posted by starperformer > 2017-01-31 09:21 | Report Abuse

Mieco Chipboard Bhd, one of the largest particle board manufacturers in
Malaysia, stands to benefit from the increasing demand and higher prices of
particle boards in the coming months.

 According to industry observers and analysts, particle board prices will likely
increase by over 10%, following floods in Thailand which are curbing the
supply of raw materials. Demand for particle boards is also seen increasing
with many local furniture players enjoying better sales on the back of the
stronger US dollar since last year. (StarBiz)

Posted by starperformer > 2017-01-31 09:22 | Report Abuse

Read today's news above. Good for Hevea!

Posted by sheep > 2017-01-31 09:30 | Report Abuse

sell on news

Posted by Dave Jet > 2017-01-31 11:25 | Report Abuse

Good news!

Posted by nich0las > 2017-01-31 12:53 | Report Abuse

yes, its really good news. TQ StarP!!!
http://www.klsescreener.com/v2/news/view/186675

Posted by yfchong > 2017-01-31 13:03 | Report Abuse

just wait for the financial announcement

Posted by Dave Jet > 2017-01-31 13:08 | Report Abuse

This quarter result must better

Posted by stockistlearner > 2017-01-31 14:28 | Report Abuse

hevea just no just to wake up yet, hope 1.45 dont break

Posted by nich0las > 2017-01-31 14:31 | Report Abuse

Last time i bought 1.45 bcos of the good QR. But drop to 1.2x. jilaka. haha..

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

all side lines watching....

Posted by starperformer > 2017-02-02 10:27 | Report Abuse

Go Hevea!

Posted by Dave Jet > 2017-02-02 12:15 | Report Abuse

This quarter must good result due to Strong US dollar last 3 months. Buy more today!