Posted by Farge168 > 2017-03-08 16:55 | Report Abuse

No uptrend,more like flat trending,but I'll wait until the real uptrend happen.Buy anything below 1.50 now.

Posted by stockraider > 2017-03-08 17:05 | Report Abuse

WHY EVERGREEN UP RM 0.035 WHEREAS HEVEA UNDERPERFORMED UP ONLY RM 0.02?

ANSWER GIVEN BY DOLLY
sxckperformer: only look at the past results (but double standard on Hevea... Hevea used to have thin profit margin but improves now.. why Hevea can, evergreen cannot?)

wise investors: look at the past + future...

Hevea: the price is now fully reflected.. fairly priced in.. not much margin of safety..

Evergreen: currently still major in MDF sales, but understand the higher margin of RTA products and high premium particleboards and is expanding towards these 2 business, while maintaining their expertise in MDF (defensive play)....

So there is much room for Evergreen to grow the profit margin...
Hevea - not much growth

Look at the past of evergreen results and management experience:

They have been making handsome revenue and profit in the past.. only until 2013/14, there was oversupply/glut of MDF.. causing their results not good... but they are slowly recovering...

and more importantly.. when it expands into RTA & particleboard lines.. it can easily eat up Hevea share market...
that is why sxckperformer is so worried now and badmouth evergreen with manipulated info...

Posted by Wei Xidu > 2017-03-08 17:08 | Report Abuse

Guys hold tigh ur share . Tp 1.60 n tp2 1.80 coming son

Posted by stockraider > 2017-03-08 17:09 | Report Abuse

Evergreen earns only RM 17.86m per qtr but with RM 205.257m of debt borrowings. Now buys subsidiary to do RTA. Current payables amounting RM 149.521m also have to pay so where got money to pay so many things?

RAIDER SAYS...IF EVERGREEN EARN RM 17.86M PER QTR....PER ANNUM MEANS X 4 LOH = RM 71.44M PER YEAR....!!

THIS MEANS....THE RETURN ON MONIES BORROWED IS RM 71.44M DIVIDE BY RM 206M DEBTS LOH = 35% RETURN PA....VERY EFFICIENT ON DEBTS LOH..!!
COST OF DEBTS ONLY 6% PA

THIS NOT COUNT THE RM 160m CASH EVERGREEN IS HOLDING AS AT 31-12-2016 LOH......!!

SO HOW COULD EVERGREEN BANKRUPT BCOS OF ITS MASSIVE DEBTS AS STAR CLAIMED LEH ??

THATS WHY RAIDER & GANG BUY....BUY...BUY LOH.....!!

STILL ACCUMULATING LOH....!!
BIG MARGIN OF SAFETY MAH....!!

LETS STUDY EVERGREEN DEBTS LOH;

TOTAL DEBTS RM 206M
CASH HOLDING RM 160M
NETS DEBTS RM 56M

RETURN ON EVERGREEN PA RM 71.44M

MASSIVE EARNINGS ON EVERGREEN NET DEBTS 127.5% PA

COST OF INTEREST 6.0% PA

NET RETURN PA ON NET DEBTS 121.5% PA

THE 121.5% PA RETURN PA IS EVEN HIGHER THAN AHLONG TYPE OF RETURN MAH..!!

Posted by LCKS > 2017-03-08 20:25 | Report Abuse

Some thoughts to consider :

- market cap for Hevea RM780 M, EverG RM766 M

- Hevea Net Profit at RM80M exceeds that of EverG at RM71M despite its turnover almost double that of Hevea (indicating EverG has to work doubly hard to earn same level of profit of Hevea - business not efficient in generating profit as shown in ROIC figures below.

- NP margin for EverG is only about 6% (cost of debt interest would have been factored in). NP margin for Hevea is 15%.

- Return on Equity for Hevea is about 20%, ROE EverG 6.6%;

- Return on invested capital Hevea 20%, ROIC EverG 6%;

- PEG ratio measure the company's PE ratio in relation to the growth rate of the company. Generally, a PEG ratio < 1 is considered undervalue while PEG ratio >1 is considered overvalue. PEG ratio for Hevea 0.63 (indicating price is undervalue given the earnings growth rate of the company)
PEG ratio for EverG 1.75 (indicating the price you pay for EverG share now is considered high as far as earnings growth rate of the company is concerned - in other words, its difficult for the earnings growth rate of the company to justify its current PE level).

It is obvious EverG's business is different from Hevea. EverG's business appears to be capital intensive with generally lower margin. EverG's business may be in a very good business but from an investor's perspective, I'm more interested in how much return and how efficient every dollar I invested can bring. Between the two above, there is quite a stark difference. Hevea's capability to generate higher return for every dollar invested is definitely more superior than EverG.

Maybe EverG's business will improve significantly in future but for now, I am more incline to put my money on Hevea.

Technical chartist has Hevea on strong uptrend while EverG on strong downtrend.

Posted by LCKS > 2017-03-08 22:14 | Report Abuse

Agree with Raider that the debt of Evergreen is manageable given its massive assets. However, return is not computed based on cash or debt amount but on the amount of assets invested to generate that return. In Evergreen's case, a massive more than RM1 Bn worth of assets to generate RM71 M of profit is considered poor return for me. That's why its ROIC is low at 6%. It's ROE has never exceeded the 10% for the past 10 years.

One can argue that Evergreen's return is within industry standards. If that's the case, then it is not an industry I will consider investing into.

Posted by starperformer > 2017-03-09 09:08 | Report Abuse

Good morning! LOL where is Evergreen's stock price compared to Hevea leh? Not stockraider ALWAYS sings that LET THE PRICE SPEAKS??? SPOKEN LOH!

Posted by Farge168 > 2017-03-09 10:08 | Report Abuse

Today closed@1.49

Posted by starperformer > 2017-03-09 10:34 | Report Abuse

A cash-rich company with RM 128,443,000 cash along with low debts RM 15,489,000, low gearing 3.01%, double-digit profit margin growth 14.9% (latest qtr) and 9.3% (5-yrs average).

Now it is only second to Mieco and Homeriz in terms of 5-years average net profit margins. Keep this low profile.

Posted by stockraider > 2017-03-09 11:37 | Report Abuse

Mr debts mentioned are lagging indicators mah....yes growth....it is already past....the share price move up already to overvalue position loh.....!!

The next stage is decline loh.....bcos growth slowdown for hevea loh....!!
Thats why share price hevea down today loh...!!

Posted by starperformer > 2017-03-09 14:42 | Report Abuse

What is Hevea's market cap compared to Evergreen now?
793m vs 770m

What is the 5-years average Profit Margins growth for Hevea vs Evergreen?
9.3 vs 3.0

Posted by aries_saham > 2017-03-09 16:10 | Report Abuse

Focus future prospect is more reliable.

Posted by starperformer > 2017-03-09 17:04 | Report Abuse

Pocketing 2 sen dividend next week. Collect.

Posted by Farge168 > 2017-03-10 10:32 | Report Abuse

Today closed @ 1.50

Posted by Wei Xidu > 2017-03-10 10:42 | Report Abuse

Hold tigh ur share Tp 1.60 n 1.70 coming soon guys

Posted by Farge168 > 2017-03-10 11:59 | Report Abuse

Forget about the uptrend,collect the 2 cts dividend first.

Posted by starperformer > 2017-03-10 14:18 | Report Abuse

Grab while it's cheap. FY17 results will have explosive growth! Check out Hevea's own RTA business:

http://www.heveapac.com.my/profile.html

Hevea is the largest laminated particleboard shelving Ready-To-Assemble ( RTA ) furniture producer in ASIA.

Posted by starperformer > 2017-03-10 14:25 | Report Abuse

Exciting things to happen for Hevea in 2017 alone:
1) Third production line for RTA ready in April 2017 with increased capacity.
2) Rolling out new e-commerce marketing channel under RTA segment.

Posted by starperformer > 2017-03-10 14:33 | Report Abuse

HEVEA's Annual Profit Margins keep climbing.
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: 14.9%
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5095

HEVEA
Particleboard: 40% of revenues contribution
Ready-to-Assemble (RTA): 60% of revenues contribution

Posted by nich0las > 2017-03-10 20:06 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/#/?=&company=5095&category=all

Posted by starperformer > 2017-03-13 09:25 | Report Abuse

But the ringgit is now “extraordinarily cheap,” says Wood.

It is now cheaper than even at the worst point of the Asian Financial Crisis, in terms of real effective exchange rate.

“So for dollar-based foreign investors, buying Malaysian stocks means not only capital gain from stocks, but also favorable movements in the ringgit.”

http://www.theindependent.sg/analyst-bullish-on-malaysian-ringgit/

Posted by stockistlearner > 2017-03-13 10:58 | Report Abuse

this morning briefing with fund managers. no good news yet?

Posted by mr00183 > 2017-03-13 11:31 | Report Abuse

Any updates about the briefing?

Posted by stockraider > 2017-03-13 12:24 | Report Abuse

UPDATE ON HEVEA BRIEFING

Star come Evergreen everyday come talk 3 talk4....but don he know Evergreen is now very steady stage....in fact accumulation stage mah....!!

Just look at his hevea....everyday dropping....not steady loh....!!
Better just sell hevea n buy Evergreen loh....!!

Do it b4 hevea management con all ur monies loh...!!

Posted by starperformer > 2017-03-13 13:03 | Report Abuse

LOL u really blind? Where is Hevea's stock price? Where is Evergreen's stock price?

Evergreen has no hope with profit margins squeezed. High debts, low cash after giant short term payable and other liabilities. Run out of cash and urgent need of fund-raising cash-call soon that is why insiders dumped Evergreen shares hard. only idiot like stockraider and his other disciples buy and seeing their money burnt.

Posted by stockraider > 2017-03-13 14:17 | Report Abuse

Today hevea price dropping and evergreen upping mah....!!

RUN B4 TOO LATE HEVEA....THE MANAGEMENT WILL CON ALL UR MONIES LOH...!!

Posted by starperformer > 2017-03-13 14:50 | Report Abuse

LOL how much Evergreen fallen? Evergreen's future not so bright loh. Better buy Hevea if u don't want to regret.

Posted by starperformer > 2017-03-13 15:49 | Report Abuse

Good hands standby to clear the market. Lay out if u don't wish.

Posted by stockraider > 2017-03-13 16:53 | Report Abuse

Hevea....very lousy loh......!!
Come down again.....how come evergreen can up leh ?

This is bcos hevea.....is a con stock...many management want to curi ur monies loh...!!

Posted by starperformer > 2017-03-13 17:04 | Report Abuse

Don't be stubborn loh stokraider. I advise u to buy Hevea mah. U can sleep well at night and receiving more dividends this week lah. Does Evergreen give u dividends? LOL

Posted by stockraider > 2017-03-13 17:06 | Report Abuse

Hevea...already come down...look like more & more people know....hevea is a con stock loh....!!

Very pity got div.....share price tanked loh.....!!

Sell to buy Evergreen....coming up loh.....!!

Posted by starperformer > 2017-03-13 17:12 | Report Abuse

Stockraider, u don't be stubborn lah. LOL
Hevea is topping pure net cash about RM20m each quarter mah. Now Hevea's financial standing is very solid:

HEVEA
Cash: 128,443,000
Total borrowings: 15,489,000
Total liabilities: 93,118,000

Hevea has a lot of cash & you must be envy. How is Evergreen doing? LOL

EVERGREEN
Cash: 160,308,000
Total borrowings: 205,257,000
Total liabilities: 388,027,000

Posted by stockraider > 2017-03-13 17:19 | Report Abuse

U r not blind.....!!
Evergreen up Rm 0.01 whereas Hevea down Rm 0.02....!!
Just compare u know....how a con stock Hevea is mah....!

Hevea...management siphoning cash thru RPT loh....!!
Already sapu 275% profit on land loh....!!

Once construction of factory start Hevea is a dead duck loh...!!

Posted by starperformer > 2017-03-13 17:23 | Report Abuse

Hevea is too solid lah. Hold Hevea can sleep well at night while u have nightmares if u keep holding Evergreen shares and no dividends some more.

Compare mah:

HEVEA
Cash: 128,443,000
Total borrowings: 15,489,000
Total liabilities: 93,118,000

Take the latest 4 quarters results:
(28.006m + 17.233m + 15.161m + 20.268m) / 4 qtrs = 20.167m averagely Net Profit per qtr.

Hevea earns RM 20.167m of net profit per qtr.

Hevea has a lot of cash & you must be envy. How is Evergreen doing? LOL

EVERGREEN
Cash: 160,308,000
Total borrowings: 205,257,000
Total liabilities: 388,027,000

Take the latest 4 quarters results:
(17.483m + 16.88m + 16.459m + 20.619m) / 4 qtrs = 17.86m averagely Net Profit per qtr.
Evergreen earns RM 17.86m of Net Profit per qtr.

HUGE Difference mah.

Posted by stockraider > 2017-03-13 19:59 |

Post removed.Why?

Posted by Soon Hao Ng > 2017-03-13 20:44 | Report Abuse

Seriously guys ? Stockraider you guys still discussing the same shit for the past 2months ....

Posted by stockraider > 2017-03-13 21:23 | Report Abuse

Mr Ng,

Seriously the Big shit are still there mah.....Hevea case very dangerous & explosive.....can easily cause followers of Hevea that is mislead by Star to lose a big fortune loh...!!

Pls realize the danger....if management is siphoning cash like the case of hevea....it will cause irrepairable damage mah....!!

Always....be very wary whenever the management seems dishonest loh.....!!

Posted by starperformer > 2017-03-14 08:04 | Report Abuse

Invest into Hevea is very solid mah whereas if u invested into Evergreen u have nightmares just look at how stock price collapsed in Evergreen and u can know.

Hevea is expanding next door with enlarged facility & increased output capacity. How do Evergreen compete? Oh yes...Evergreen can compete with its own debts. EVERGREEN is KING OF DEBTS, I give u that. LOL

Posted by starperformer > 2017-03-14 08:22 | Report Abuse

Compare well:

EVERGREEN
ROE: 6.612
ROA: 4.568
ROIC: 5.755

HEVEA
ROE: 21.039
ROA: 16.207
ROIC: 19.982

EVERGREEN Annual Net Profit Margins
2012: 3.2%
2013: -4.5%
2014: 0%
2015: 9.1%
2016: 7.3%

HEVEA's Annual Profit Margins keep climbing.
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: 14.9%

The numbers speak for themselves so does the stock price mah.

Unless u are blind but u can ask someone check for u, where is Evergreen/Hevea's stock price heading to? LOL

Posted by Budapest > 2017-03-15 00:09 | Report Abuse

Today is dividend ex-date,let's hope hevea will perform after this.Cheers!

Posted by BuyWhat > 2017-03-15 09:33 | Report Abuse

time to in

Posted by nich0las > 2017-03-15 09:48 | Report Abuse

Thank you Hevea. 2sen.

Posted by starperformer > 2017-03-15 10:56 | Report Abuse

Solid stock will always be supported and snapped up

Posted by starperformer > 2017-03-15 11:57 | Report Abuse

Just like Homeriz returning double-digits annual profit margins consistently for 5 years, Homeriz's stock price is still trading steadily at 2.3x times its own NTA of 0.42

HOMERIZ's Annual Profit Margins
2012: 14.2%
2013: 13.4%
2014: 15.9%
2015: 16.1%
2016: 17.8%

Stock price: 0.99
NTA: 0.42
Price-to-Book value: 2.35

LIIHEN's Annual Profit Margins
2012: 6.1%
2013: 5.7%
2014: 7.2%
2015: 10.5%
2016: 12.0%

Stock price: 3.25
NTA: 1.468
Price-to-Book value: 2.21

HEVEA's Annual Profit Margins keep climbing.
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: 14.9%

Stock price: 1.50
NTA: 0.90
Price-to-Book value: 1.67


Similarly, Hevea has been spending on CAPEX for a turnaround of its businesses starting in 2012 particularly in the RTA segment. It took Hevea 3 years to get up and running before it starts to return double-digit profit growth for FY15 onward.

In simplicity, if we use the same multipliers 2.2x and 2.3x with Hevea's NTA of 0.90 then Hevea's stock price could reach as high as "2.07". Three companies also returning double-digits profit margins annually.

Posted by support1234 > 2017-03-15 12:51 | Report Abuse

today dividend EX-date.

Posted by ManyPattern > 2017-03-15 15:25 | Report Abuse

last time pay dividend price also up,this time also same....lol
maybe something coming?

Posted by starperformer > 2017-03-15 15:58 | Report Abuse

Several major shareholders & family along with directors converted Hevea's WB warrants to mother shares on 07-Mar-2017. What do u think is to happen next? Hehe

Just a week after that, more warrants B just converted to mother shares on 14 and 15 March 2017. Now total issued shares in mother shares is enlarged to 535,566,590 issued shares in circulation.

Interestingly, now HEVEA-WB just left with 32,860,074 shares in circulation.

I can smell something rewarding and great news is coming!! What are u guys waiting for?

For many weeks, I've told stockraider to buy into Hevea but that's his loss now and he's sinking deeply into Evergreen.

Posted by starperformer > 2017-03-15 16:08 | Report Abuse

Hevea's market cap now RM 803m crowned the kingmaker of RTA and even dethroned Evergreen from the leaderboard. Ouch!

Posted by starperformer > 2017-03-15 16:32 | Report Abuse

.
The largest laminated particleboard shelving Ready-To-Assemble ( RTA ) furniture producer in ASIA.
http://www.heveapac.com.my/profile.html

HEVEA's motto is "Globally recognized. The preferred manufacturer in Asia"

HEVEABOARD is the homegrown IKEA of Malaysia.

Posted by yfchong > 2017-03-15 18:17 | Report Abuse

2 cts delivered