Posted by Mak_kiah > 2022-08-23 08:24 | Report Abuse

Delivery a good QR during the bearish season, 2020- GLOVE , 2021- Technology, 2022- Plantation , 2023- Logistic .

Posted by investortrader88 > 2022-08-23 09:13 | Report Abuse

https://www.theedgemarkets.com/article/evergreen-fibreboard-2q-net-profit-jumps-higher-prices

Posted by Squirtle > 2022-08-26 12:03 | Report Abuse

OTB is come jor. Pump Evergreen
Muahahahahahahahahahahahaahaa

Posted by Kmc666 > 2022-09-21 09:06 | Report Abuse

Seems like Going south , Sian .

Posted by Jeremy_Chew > 2022-09-27 09:19 | Report Abuse

EVERGREEN 2022 first 2 quarters already earned 4.24sen, whole year will earn close to 10sen due to stronger USD / MYR rate. Do you think it is worth only RM0.40? Come on, apparently some big crocodiles are pressing the price down to collect. Just assume PE=8, easily the price can go up to 80sen or more!

Posted by Jeremy_Chew > 2022-09-27 09:21 | Report Abuse

from Q2 report:
The Group’s revenue for the quarter ended 30 June 2022 increased by 54.8% or
RM116.80 million to RM330.11 million from RM213.31 million recorded in the
preceding year corresponding quarter. The increase in revenue was mainly
contributed from higher average selling price and sales volume from all major
category of products.
Profit before tax for the quarter ended 30 June 2022 increased by RM18.55 million
to RM23.13 million from RM4.58 million recorded in the corresponding quarter of
the preceding year. Despite higher raw material cost, the higher profit was mainly
contributed from higher margin resulted from higher average selling prices and
higher foreign exchange gain.

Posted by Jeremy_Chew > 2022-09-27 09:24 | Report Abuse

the Group has achieved positive and improved results in the first half
of 2022, compared to the same period in 2021. With our diversified base of
operations in Malaysia, Thailand and Indonesia as well as having multiple income streams from raw boards to downstream, the Group manages to draw on the
strengths of each country and market segment to mitigate the shortcomings. The
Group is also seeing the benefits from expanding its downstream activities and
from past investment in automation and cost restructuring which has resulted in
more contributions from downstream as well as a leaner cost structure. The
improvement in market demand for furniture has also been capitalized by the
Group with improvement in average selling prices

Posted by sense maker > 2022-09-27 09:49 | Report Abuse

It’s upstream biz will decline due to decreasing timber prices. It’s downstream biz is much smaller and should mitigate the negative situation a bit. Don’t look at past results as share market is forward looking.

Posted by garychee8 > 2022-09-27 10:25 | Report Abuse

queue at 0.385 ..yr low

Posted by Jeremy_Chew > 2022-09-27 11:01 | Report Abuse

hi sense maker, Evergreen is now growing its downstream (knock-down furniture) business in huge pace and also producing more higher grade / enhanced wood product. they are not only producing pure MDF or plywood, but also enhanced wood product which garners higher profit margin.

Posted by sengtan > 2022-09-28 10:29 | Report Abuse

In bear market, investor will dump their stocks regardless of any price even though they are good stocks. It appears that fear outweighs greed currently.

Posted by The St. Goreng > 2022-09-28 10:40 | Report Abuse

typical goreng stock dumped from 0.8 to 0.4

Posted by Fundamental Trader > 2022-09-28 14:39 | Report Abuse

mispricing opportunity.

Posted by sense maker > 2022-09-29 11:56 | Report Abuse

Lumber prices crashed from usd14000 in May 2023 to usd400 now in US. Shareholders panicked and threw off Evergreen. Not sure how well the company can manage its average selling price especially in its upstream biz.

Posted by sengtan > 2022-09-29 12:37 | Report Abuse

Hi Sense Maker, I thought with lumber prices crashing down it is good news for Evergreen since their log supply cost will be lower and therefore production cost will be lower ? Could you please enlighten me a bit. Thanks

Posted by sengtan > 2022-09-30 09:35 | Report Abuse

Hi any one know of the reason for sell down of evergreen? Thanks

Posted by sense maker > 2022-09-30 12:04 | Report Abuse

A few possibilities:
1) Biz orders, sales and average selling prices plunged.
2) Management made a big mistake like holding too much inventory when average selling prices are plunging or allowing receivables to shoot up. These tighten cash flow and increase future losses.
3) Public free float is very high in this company. 500m plus shares are speculative in nature and panicked easily when global asset sell off occurred. Fundamentally, the company remains sound.
4) A fraud has occurred but this is unlikely as the company made no public announcement in that respect.

Insiders would sell first as usual if there’s anything untoward that already happened . Outsider Shareholders can only hope the sell off in the company is only due to factor 3). Let’s see.

Posted by sengtan > 2022-09-30 12:43 | Report Abuse

Sense Maker, thanks for your in-depth and thoughtful analysis. Yes, overall market sentiment is quite bad and fear outweighs greed in the current hostile climate. No one dares to buy in a big way as a recession for sure will set in/ already set in some countries like the UK. Demand for Evergreen's products will definitely be affected. Therefore fair value will no longer be RM0.8 and will be adjusted downward.

Posted by ahyen10 > 2022-10-02 01:04 | Report Abuse

EVERRED for quite some time already, but haven't changed to green yet.

Posted by stainlyho37 > 2022-10-03 14:12 | Report Abuse

watch out now..!!

Posted by imvu > 2022-10-05 05:56 | Report Abuse

0.350 +0.100 = 0.450 ?

Posted by sengtan > 2022-10-05 16:04 | Report Abuse

Two days rebound and now selling pressure again!. I think with US in recession, demand for furniture ( optional item and can be defferred) will be affected. Evergreen sales will be affected accordingly. HLI have target of RM0.61. May be the actual value could be much lower. It is anybody guess

Posted by lianbc12 > 2022-10-05 19:49 | Report Abuse

Fair price for this counter is 0.30

Posted by Fuyohhh > 2022-10-06 01:33 | Report Abuse

Ipo price 0.25 and fair price 0.30? Duh going to miss the boat soon when the qr not as expected bad then shall see shoot up

Posted by nelsonlim > 2022-10-17 15:25 | Report Abuse

evergreen interesting also

Posted by nelsonlim > 2022-10-17 15:27 | Report Abuse

evergreen if reach tp 45c is possible. as in not pluck from the sky type la

Posted by nelsonlim > 2022-10-17 15:27 | Report Abuse

43-45c. a easy 10-15% perhaps. dont expect 60c 80c rm1 la...

Posted by nelsonlim > 2022-10-19 09:35 | Report Abuse

I am giving more to this community. Thank u god

Posted by nelsonlim > 2022-10-19 10:16 | Report Abuse

43c come on

Posted by nelsonlim > 2022-10-19 14:26 | Report Abuse

global macam kantoi je!!!! bull is dead?

Posted by cedcan > 2022-10-20 11:06 | Report Abuse

Haiyo, what happen?!

Posted by Superb99 > 2022-10-25 18:46 | Report Abuse

ini another con stock...1 day show only

Posted by Superb99 > 2022-11-10 00:44 | Report Abuse

If no price appreciation, fundamental good also pointless

Posted by sengtan > 2022-11-16 08:39 | Report Abuse

any reason for ytd surged ?

Posted by Superb99 > 2022-11-16 14:57 | Report Abuse

always stuck at 0.41 level, ngeri counter

Posted by scaniaz > 2022-11-24 09:48 | Report Abuse

Jom!! :D

Posted by sense maker > 2022-12-07 12:58 | Report Abuse

From the latest quarterly results, the company biz and profits remained good. Maybe slowdown has yet to set in, but when it comes it should be mild and swift in passing. Going forward, this company generates RM150m operating cash flow a year with insignificant capex, now selling to you for RM360m. This company should be trading at around RM1b market capitalisation or RM1.18 per share, now that it has expanded its downstream biz, started moving its fibreboard manufacturing to Indonesia and completed internal cost structure rationalisation. The current share price looks very appealing.

Posted by firehawk > 2 months ago | Report Abuse

2 Comment on Material Change in Profit Before Taxation Against Preceding Quarter
Current / Immediate Quarter Preceding /Quarter Changes
30-Sep-22 30-Jun-22 RM’000 RM’000 %
Revenue 253,532 330,111 -23.2%
Operating Profit 60,518 89,654 -32.5%
Profit/(Loss) Before Interest and Tax 20,968 24,341 -13.9%
Profit/(Loss) Before Tax 19,537 23,127 -15.5%
Profit/(Loss) After Tax 15,203 18,339 -17.1%
Profit/(Loss) Attributable to Owners of the Company 15,203 18,339 -17.1%

The current quarter revenue decreased by 23.2% to RM253.53 million, as
compared to RM330.11 million recorded in the preceding quarter. The decrease in
revenue was mainly resulted from lower average selling price and sales volume
from panel boards.
The Group’s profit before tax was reported at RM19.54 million for the current
quarter, compared to RM23.13 million recorded in the preceding quarter. The
decrease in profit before tax was mainly due to lower sales.

Posted by Jeremy_Chew > 2 months ago | Report Abuse

@sense maker, i agree with you. EVERGREEN is one of the most under-rated companies in Bursa. It can make around 8sen EPS in a full year and just do a simple valuation at PE of 10, it should at least worth 80sen in the share price. Buying the share at below 40sen has huge potential to make great return up to 100% return

Posted by sense maker > 2 months ago | Report Abuse

Look at the total cash flow, the cash profits and EBITDA it generates each year, not just earnings or PE. Depreciation expense a year which is non-cash is RM0.09 a year. Look at how its cash balance grew over past years, and into future when capex needs diminish. Keep accumulating and hold tight till RM1.

Posted by sense maker > 3 weeks ago | Report Abuse

RM60m impairments and write-offs at year end. Excluding the foregoings, the company broke even ie didn’t make or lose any cash from operations in latest quarter. Orders have shrunk a lot amidst falling selling prices. The company’s return to positive accounting profits depends entirely on recovery of global furniture demand.

Posted by sense maker > 3 weeks ago | Report Abuse

The company generated RM116m operating cash in 2022, an improvement of RM5m over 2021. Shareholders would hope 2021 dividend of RM0.015 will be maintained for 2022, to be announced in Apr 2023.

Posted by firehawk > 3 weeks ago | Report Abuse

Q4，2022，
The Group’s revenue for the quarter ended 31 December 2022 decreased by 33.1%
or RM95.17 million to RM192.32 million from RM287.49 million recorded in the
preceding year corresponding quarter. The decrease in revenue was mainly resulted
from lower average selling price and sales volume.
Loss before tax was reported at RM74.15 for the quarter ended 31 December 2022 as
compared to profit before tax of RM15.49 million recorded in the corresponding
quarter of the preceding year. The loss was mainly due to lower foreign exchange
gain and non-cash losses such as impairment of plant, machinery, inventory and
goodwill and loss on disposal of AOC as explained in Malaysia segment and
Thailand segment above.

Posted by firehawk > 3 weeks ago | Report Abuse

For prudent investors, can just check the Quarterly Revenue of the last 10 years, you will find something very interesting .......

Posted by Jack King > 2 weeks ago | Report Abuse

Buy this share at low price now.

Posted by sense maker > 2 weeks ago | Report Abuse

31 sen is cigarette-butt price. Demand for its products will recover after a quarter or two. In 2022, this company still made RM116m operating cash. In 2023, maybe just RM20-30m. But in 2024, it should rise to around RM80-90m. Buy when others are fearful.

Posted by curiousq > 2 weeks ago | Report Abuse

Yes! Is very cheap now!! No need to afraid, just buy! sifu already said, 31 sen is cigarette-butt price .... Buy when others are fearful. buy anything below 0.40 .... BUY NOW!!!

Posted by blueblues > 2 weeks ago | Report Abuse

Hi, with today's closing at 0.29, any situ got any comments or advice?

Posted by sense maker > 2 weeks ago | Report Abuse

A lot depends on whether the company will manage shareholders’ expectation by giving dividend of at least 1-1.5sen, to be announced by end of next month. If it can give 5% yield at current market price, most shareholders will support and won’t sell their shares.

Q4 2022 struck the company very hard as some inventories in hand were sold subsequently at a loss, triggering some inventory impairment. This shows the company’s biz model isn’t very resilient and is subject to huge fluctuations in their product demand. The coming quarterly results in May are important as shareholders would like to see that the company at least stop bleeding operating cash, ie sustaining net losses of less than RM17m. The slowdown in order is very severe but the moment the company can guide via prospect commentary that recovery is insight, the share price will recover in tandem. But this company’s share always moved way before quarterly results announcement, so you may wanna give this company at least 2 more quarters before it can return to profitability.

Posted by EvoDeer > 3 days ago | Report Abuse

Bought 0.265 ,,good buy