Short term player sold their share because Q4 profit lower than expected But long term investors start to collect because evergreen profit will be higher in future. Huge volume traded between speculators and investors. I think in short term will go down trend until before 2015 Q1 result announce. but for mid and long term, evergreen can go higher and higher. My target price is at least RM2. So if can drop below 90sen is consider a good buy.
Q4 profit largely from thai unit as Malaysian units are under major upgrade.when production returns to normal, Malaysian units should be able to outperform its thai units and profit would likely double and that would justify a higher price at least 1.50
ppl didn't notice the co would have 40m annually of free cashflow to pay 6-7sen dividend having paid down 300m term loan used for the nilai plant buy.This plus the rosy forward market for its products make it a tantalising stock to own and hold.hence the renewed interest for this stk.
With America cruising well on the recovery path and Euro almost finding the right footing to the same...demand for consumer discretionary goods will be seeing some tangible up shot in demand in the mid to long term.What's most encouraging is the expected prolonged low price of oil is effectively giving everyone a tax break which will put more money in their pockets hence more confidence to spend..no hard feelings but it is given that westerns especially Americans are not known to thrift..at least not in their gene..they will start spending soon and all the pent up demand will rear its ugly head if not already has...and for EVERGREEN..it will go on cruise control from now on...with all the restructuring and what not..with the added bonus of sustained low fuel price..production cost will invariably drop...translating into higher profit margin..the recent quarter performance if anything to go by is a harbinger for better days to come..germane to the fact that the momentum is cast on stone..besides it enjoys good management team,top ten producers of medium density fibreboard the in the world...good fundamental fundamentals...and with the added positive macro environment..this counter is in for the long haul..for the purpose of being transparent I have bought this stock and right now it is the freezer..well oblivious to the short term chatterings..in a year's time I will be laughing all the way to the bank...LIABILITY EXCLUDED..to a call to buy or sell...just sharing my opinion.
Now more and more have noticed the TURNAROUND STOCK POWER of EVERGREEN....quite a big change in sentiments now compared to Q3 and Q4 2014. Not to worry... EVERGREEN will hit past its all time high...just ride the EVERGREEN wave UP!!!!
Anyone who has evergrn shares should hold for higher level.Smart investors have been collecting this stock for some time now.like these few days they are buying at 106-108.
I can't agree with you more ...there's a clear sign that someone individuals or institutional players are accumulating this counter..just analyse the daily buy as against the sell volume the past couple of weeks...you will get the drift.My guess is that this counter is quietly but surely been tracking the furniture counters which have most have gone through the stratosphere the past few months perhaps for some good reasons..i.e. uptick in demand from the west,growing profit,good fundamentals... etc..evergreen as suppliers and exporters of the raw materials where basically the clients and customers are furniture manufacturers and exporters...it is only natural like night follows day..that the future bodes well for this counter...those with extra cash to spare in the mid to long term [ 1 to 2 years ] just accumulate and put into the freezer...in that period you would have at least doubled your value of investment if not more...just act stupid and deaf about the day to day chattering...please be informed that this is my opinion...not a call to buy or sell...LIABILITY EXCLUDED...and this piece of my opinion is for the novice borne from my goodness of heart not for the so called experts who most of the time themselves are not accurate in the their analysis and prediction...I don't wallow in in- depth analysis but strongly believe that it is suffice to analyse the general macro economics environment locally and abroad...
wow what a convincing breakthrough with vol.next level is 124,130.both daily n wee kly charts showing plenty momentum left.looks like smart investors are still collecting as topside could be higher than 160
Just long this stock..its previous high was on 31/5/2007...almost 7 years ago...EVERGRN will breakout of RM 1.86 in future and go to achieve an all time high.
agree with suntzhe.With all the internal restructuring ,cost rationalising undertaken and facing sweet spot of housing recovery in US and improving European economies and vastly reduced input costs of glue and rubber,the company should be able to achieve 2007 profit level .That would mean eps of over 20c and at per of 8 translate to 1.60.
Keep it for at least another 6-9 months , Beside company restructing as well as fibreboard outlook , most important , Sentiments is getting better and better compare to last few months, Basically , the moving of this counter still consider moderate .3-4 cents a day .
The rate of acceleration in daily price will be more profound once it touches the RM 1.50 - REM1.60 band and from there onwards the price of the stock will head uninhibited towards RM 2.00 mark in the short to mid term.My prediction is it will touch the RM 2.00 mark in about 6 months time.
Most probably will achieve the RM 1.48 - RM 1.50 band this Tuesday( 31st Mac 2015).That was the price circa 28th Mac 2011 [ exactly 4 years ago..when price of crude petroleum were around the US 65 - US 70 band.]...meaning a good revenue and profit for the company..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sahampower
229 posts
Posted by Sahampower > 2015-03-02 12:09 | Report Abuse
Today can reach 1.11?