Posted by hankc > 2017-03-07 15:50 | Report Abuse

Certain individual here is trying to convince us that banks (or any borrowers) treat their corporate clients the same way they treat common folks. As if the banks are sending people to Evergreen's factories and start loading equipment onto trucks. I don't claim to know the professional details of corporate financing,but I think people who borrow RM205M have many options available to them. By the way, RM205M is not a lot of money nowadays, especially in capital intensive business operations.

Posted by Evergreen5101 > 2017-03-07 16:01 | Report Abuse

starperformer we shall see what happen in the 3 things you said today.

1) Private placements
2) Rights issues
3) Bank borrowings

If above 3 does not happen, please eat your words, tai sor hai....

Posted by starperformer > 2017-03-07 16:03 | Report Abuse

hankc, yes... but of all things well said by optimists like yourself & the others, do u REALLY admit that the cash is enough to fund Evergreen's so many operations and agenda? CAPEX, starting RTA business, among others. Needless to dig into extreme details also u can see the company is in need of more money. To keep existing shareholders to keep invested & not abandoned it, the company needs to at least give out dividends. Money also not enough to do just that.

It is obvious that fund raising will be called. Evergreen is basically get pass by each quarters through cashflow money. Can the company maintain the profit margins going forward?

Posted by hankc > 2017-03-07 16:04 | Report Abuse

More like "tai ba si gan"(too much time in his hand).

Posted by Evergreen5101 > 2017-03-07 16:04 | Report Abuse

We shall see... if no money can still buy company for expansion.... use your brain la....talk like an expert but got a bird brain....

Posted by starperformer > 2017-03-07 16:05 | Report Abuse

LOL Evergreen5101, just keep on your words to call yourself that when they announce. I've given u hints on why the heavy selldown for past few days. Ur heart will SINK when u see it yourself soon.

Posted by Evergreen5101 > 2017-03-07 16:05 | Report Abuse

Last month you also day evergreen have to clear the short term borrowing within this quarter... sometime things that you said really make people laugh...cause you got a small and bird brain

Posted by Evergreen5101 > 2017-03-07 16:06 | Report Abuse

my behavior is far better then you at least i dun talk nonsense about hevea..... be more mature bird brain

Posted by starperformer > 2017-03-07 16:07 | Report Abuse

hankc so did u have the same! Surely u bought & hope it goes up to make few cents. LOL

Posted by Evergreen5101 > 2017-03-07 16:07 | Report Abuse

really.... we shall see...lets bet now....want to take up the challenge?

Posted by Evergreen5101 > 2017-03-07 16:08 | Report Abuse

come on lets bet what you said on the 3 things will materialize...either one since you talk like an expert....

Posted by starperformer > 2017-03-07 16:08 | Report Abuse

Where is idiot Dolly? Why disappeared? Don't use different ID lah. Why so coward. LOL

Posted by starperformer > 2017-03-07 16:08 | Report Abuse

Evergreen collapsed still a myth meh?

Posted by Evergreen5101 > 2017-03-07 16:09 | Report Abuse

dun even dare to take up the challenge...answer my question bird brain?

Posted by starperformer > 2017-03-07 16:09 | Report Abuse

Hentam Evergreen meh hentam loh....no need give u face lah. Queue to buy lah if u dare. Sailang loh...I'm waiting!

Posted by Evergreen5101 > 2017-03-07 16:11 | Report Abuse

when did Evergreen ever collapsed? Evergreen is a hreats to Heveaboard is it? that why you act like this way and try to tarnish Evergreen...come on bird men act like a real men dun be like a girl...

Posted by starperformer > 2017-03-07 16:11 | Report Abuse

LOL why don't use Dolly ID? Evergreen collapsed loh

Posted by Evergreen5101 > 2017-03-07 16:12 | Report Abuse

I AM ASKING YOU TAKE UP THE CHALLENGE ON THE 3 THINGS YOU SAID? DUN EVEN DARE TO ANSWER....

Posted by starperformer > 2017-03-07 16:12 | Report Abuse

Why Evergreen collapsed leh? Why ah?

Posted by starperformer > 2017-03-07 16:13 | Report Abuse

See? Loser don't even use own ID to talk. Go home to ur mommy lah.

Posted by starperformer > 2017-03-07 16:14 | Report Abuse

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=194811&name=EA_FR_ATTACHMENTS
Evergreen
Cash: 160,308,000
Total borrowings: 205,257,000
Total liabilities: 388,027,000

Cash - Total borrowings = (-44,949,000)
Cash - Total liabilities = (-227,719,000)

Take the latest 5 quarters results of Net profits:
(17.483m + 16.88m + 16.459m + 20.619m + 21.029m) / 5 qtrs = 18.494m averagely per qtr
RM 205,257,000 total debts / RM 18.494m NP = 11.1 qtrs to break-even

Take the latest 4 quarters results:
(17.483m + 16.88m + 16.459m + 20.619m) / 4 qtrs = 17.86m averagely per qtr
RM 205,257,000 total debts / RM 17.86m NP = 11.5 qtrs to break-even

Remarks: Evergreen's massive debts are so huge that it needs at least 12 quarters/ 3 years just to break-even with it while its competitors and peers are embarking on expansion dethroning it from being the largest market cap stock. It is unable to clear out the total liabilities that is why it always need to use loans to keep up with business trades, capex & other things. After minus all debts, it doesn't have cash and if it minus all total liabilities it is even troubling with -227.719m amounts owed.

Posted by Evergreen5101 > 2017-03-07 16:15 | Report Abuse

you want to bet with me? As i have said Evergreen have already bought another 2 company soon will be announce....Things i said on evergreen really materialize as i said before they have acquire 1 company back on 2 months.... If a company got cash problem, why they still can buy company?

Posted by starperformer > 2017-03-07 16:15 | Report Abuse

So how? 12 quarters and now buy new company to do RTA. Not u say it is not a furniture maker meh? LOL

Posted by Evergreen5101 > 2017-03-07 16:16 | Report Abuse

You are are repeating the same thing over and over again really no balls... talk nonsense...we shall see bird brain....

Posted by Evergreen5101 > 2017-03-07 16:17 | Report Abuse

You dun even know how to calculate....hahahah only look at a few things and jump into conclusion...what a loser....be more mature la, you think you write this kind of things will affect evergreen:)

Posted by starperformer > 2017-03-07 16:17 | Report Abuse

Read it yourself lah

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=78148&name=EA_GA_ATTACHMENTS

So not u argued & scold me Evergreen is not even a furniture maker meh? So?

Posted by starperformer > 2017-03-07 16:18 | Report Abuse

WOW Dolly/Evergreen5101 said Evergreen not a furniture maker mah but Evergreen did it geh?

Posted by starperformer > 2017-03-07 16:18 | Report Abuse

How ah? LOL

Posted by Evergreen5101 > 2017-03-07 16:18 | Report Abuse

So what? i only know at the end of the day Evergreen will wipe Hevea off...

Posted by starperformer > 2017-03-07 16:20 | Report Abuse

LOL why u change gear reversing what u said? Malu loh..LOL

Posted by Evergreen5101 > 2017-03-07 16:20 | Report Abuse

RTA - good margin that why Evergreen venture into it and grab market share this will lead to increase in revenue.

MDF - to defend and maintain the company market position.

Got operation factory in Thailand, Indonesia & Malaysia....

Look at the long term bird brain aka@starperformer. Dun always copy and paste the same old massive debts you mentioned.

Posted by Evergreen5101 > 2017-03-07 16:21 | Report Abuse

Anything new? because deeply inside you know evergreen is a major thread to Heveaboard, that why you act like this....

Posted by starperformer > 2017-03-07 16:22 | Report Abuse

U either don't understand Evergreen or u being stupid not knowing it is doing RTA quite long time ago with just 5% revenues contribution? LOL

Posted by starperformer > 2017-03-07 16:24 | Report Abuse

LOL Evergreen is going for fund raising. U better be careful. Once rights issues announced, ur heart will SINK disappointed.

Posted by Evergreen5101 > 2017-03-07 16:25 | Report Abuse

Before you talk think twice....5% or 10% can make Heveaboard go down the hill, If Evergreen really want to throw price on RTA, what do you think the outcome for Heveaboard. Do you know who are you talking to?

Posted by starperformer > 2017-03-07 16:25 | Report Abuse

Evergreen's share base is 846,423,985 issued. If doing rights issues, insiders already know it will be priced very low than current price.

Posted by Evergreen5101 > 2017-03-07 16:27 | Report Abuse

Use your bird brain.... Continue your massive debts posting, it WILL NOT affect Evergreen, I am just being happy we have supporter like Dolly and Raider. Both of you all will ripe the rewarding profit.

Posted by starperformer > 2017-03-07 16:27 | Report Abuse

Throw price? RTA is Hevea's main contributor almost 60% revenues that is why Hevea's profit margin is double-digit. See the facts mah why does Evergreen spent so much CAPEX for few years already but profit margin not improved over the years? Ask yourself and answer. Ha ha!!

Posted by Evergreen5101 > 2017-03-07 16:28 | Report Abuse

what a joke...please continue to spread the force rumors.... i want to see if it does not happen...people will shy away in whatever you say....please continue... cause a smart person will not act like you....

Posted by starperformer > 2017-03-07 16:30 | Report Abuse

From the VERY BEGINNING of my comments history, u can read that I wrote about Hevea's success is due to RTA because of RTA's highly customizable and crafty natures. That is the KEY to its success. Many other peers have followed that direction and so does Evergreen. Just one worthy question only. Why on earth is Evergreen spent so much capex per year RM30m++ averagely but profits & its margin not improved???

Posted by Evergreen5101 > 2017-03-07 16:31 | Report Abuse

Please continue to say about Evergreen cause words come out from your mouth does not come true...People will shy away from you....please continue.....hahaha

Posted by starperformer > 2017-03-07 16:32 | Report Abuse

See? It's just so easy for u to avoid admitting the facts. Not true? All are facts. Check lah since beginning also all data are taken out from all quarterly/annually reports mah. Did I create fake ones?

Posted by Evergreen5101 > 2017-03-07 16:33 | Report Abuse

my friend do you know how many factory does Evergreen have? Please google how many factory Evergreen have in Malaysia, Thailand & Indonesia....How many factory does Heveaboard have compare to Evergreen?

Posted by starperformer > 2017-03-07 16:34 | Report Abuse

U argued with me the debts is not massive. RM200m++ is not small. U said also Evergreen is not furniture maker RTA and I showed u with PROOFS then u quickly removed all ur past comments to hide what u said wrongly. Don't be hypocrite lah.

Posted by starperformer > 2017-03-07 16:35 | Report Abuse

I've shown u with calculations that at least 12 quarters to BREAK-EVEN with that MASSIVE DEBTS. GO check lah.

Posted by starperformer > 2017-03-07 16:36 | Report Abuse

LOL why are u talking number of factories now? Less numbers but more efficient factories are way better than more factories which can incur more expenses to run. Don't tell me like this also u cannot think.

Posted by Evergreen5101 > 2017-03-07 16:36 | Report Abuse

My friend my peace of advice to you.... You are stepping at a GIANT Tale....at first we have nothing and really admire heveaboard success ever his son Yoong Hau Chun take over...If we want to go and compete with hevea we can destroy the margin that hevea in enjoying a double digit margin on RTA because of you....check my profile if you know who am i....

Posted by starperformer > 2017-03-07 16:38 | Report Abuse

LOL plz lah...check REAL FACTS before u talk further.

Posted by starperformer > 2017-03-07 16:39 | Report Abuse

Compare it yourself:

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=194811&name=EA_FR_ATTACHMENTS
Evergreen
Cash: 160,308,000
Total borrowings: 205,257,000
Total liabilities: 388,027,000

Cash - Total borrowings = (-44,949,000)
Cash - Total liabilities = (-227,719,000)

Take the latest 5 quarters results of Net profits:
(17.483m + 16.88m + 16.459m + 20.619m + 21.029m) / 5 qtrs = 18.494m averagely per qtr
RM 205,257,000 total debts / RM 18.494m NP = 11.1 qtrs to break-even

Take the latest 4 quarters results:
(17.483m + 16.88m + 16.459m + 20.619m) / 4 qtrs = 17.86m averagely per qtr
RM 205,257,000 total debts / RM 17.86m NP = 11.5 qtrs to break-even

Remarks: Evergreen's massive debts are so huge that it needs at least 12 quarters/ 3 years just to break-even with it while its competitors and peers are embarking on expansion dethroning it from being the largest market cap stock. It is unable to clear out the total liabilities that is why it always need to use loans to keep up with business trades, capex & other things. After minus all debts, it doesn't have cash and if it minus all total liabilities it is even troubling with -227.719m amounts owed.

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=194981&name=EA_FR_ATTACHMENTS
Hevea
Cash: 128,443,000
Total borrowings: 15,489,000
Total liabilities: 93,118,000

Cash - Total borrowings = 112,954,000
Cash - Total liabilities = 35,325,000

Take the latest 5 quarters results of Net profits:
(28.006m + 17.233m + 15.161m + 20.268m + 25.693m) / 5 qtrs = 21.2722m averagely per qtr
RM 15,489,000 total debts / 21.2722m NP = 0.73 qtr

Take the latest 4 quarters results:
(28.006m + 17.233m + 15.161m + 20.268m) / 4 qtrs = 20.167m averagely per qtr
RM 15,489,000 total debts / 20.167m NP = 0.77 qtr

Remarks: So Hevea's debts are so small according to its own earning power per quarter. Its cash keeps adding up at least RM 20m each qtr. Just 1 qtr is enough to clear out the debts and even after clearing the total liabilities, it has RM 35.325m EXCESS CASH.

Posted by Evergreen5101 > 2017-03-07 16:43 | Report Abuse

Good boy.... please continue.... I just want to see how far you can go...