Posted by starperformer > 2017-03-09 08:32 | Report Abuse

This article first appeared in The Edge Financial Daily, on February 7, 2017.


Evergreen Fibreboard Bhd (-ve)

SHARES in Evergreen Fibreboard Bhd (fundamental: 1.8/3, valuation: 1.4/3) triggered our momentum algorithm yesterday for the first time since June 2015.

The counter closed down half a sen or 0.51% at 98.5 sen, with 4.52 million shares traded, compared with its 200-day average volume of 3.36 million shares.

The particle board manufacturer’s net profit tumbled 38.8% to RM16.88 million in the third quarter ended Sept 30, 2016 from RM27.59 million a year ago, on lower average selling price of the group’s products.

The group said its quarterly profit was also affected by higher operating expenses, which mainly consisted of lower foreign exchange gain and impairment of goodwill.

Evergreen Fibreboard is currently trading at 0.77 times its book value, and has a market capitalisation of RM837.54 million.

The stock currently has a 12-months price-earnings ratio of 11.17 times.

http://www.theedgemarkets.com/my/article/stock-momentum-evergreen-fibreboard

Posted by starperformer > 2017-03-09 08:43 | Report Abuse

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

This year Evergreen will give NO DIVIDENDS loh. Not enough cash to do so many things so how to give leh? Meh halted dividends payout since 2013 meh? Check mah. This year if Evergreen wants to continue some and do the rest of the following:

1) CAPEX averagely RM 30m annually
2) Give out dividends to retain long-term investors/shareholders? Not enough cash.
3) Restarting particleboard segment
4) Starting RTA

Posted by starperformer > 2017-03-09 08:47 | Report Abuse

Judging on the balance sheets and MASSIVE DEBTS RM 205,257,000, the fund-raising exercise is unavoidable mah. Wait for the ANNOUNCEMENT whether they choose:

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

Option 1 and 2 will have SHAREHOLDINGS DILUTION effect. Either ways, share price will SINK FURTHER.

Posted by starperformer > 2017-03-09 08:53 | Report Abuse

Why Hevea's PROFIT MARGINS keep climbing so high when it started on CAPEX since 2012?

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: 14.9%

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5095

EVERGREEN
2012: 3.2%
2013: -4.5%
2014: 0%
2015: 9.1%
2016: 7.3%

Why Evergreen's PROFIT MAGINS so not consistent and NOT even double-digit growth DESPITE the heavy CAPEX annually?

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5101

Posted by Evergreen5101 > 2017-03-09 09:06 | Report Abuse

hahaha good one....same old coxk story....how about your Mr. Massive Debts posting...coxk talker?

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

LOL told u don't use ur 5 properties as collateral to play in stock market.

Posted by Evergreen5101 > 2017-03-09 09:13 | Report Abuse

Mr. massive debts/ insider selling/ Privates placements / Right issues / Bank borrowings? All also never materialize, really talk nonsense from starperformer, the more you say the more people will not trust you and have faith and confident in Evergreen. Thanks for all your ugly behaviors.

Posted by Evergreen5101 > 2017-03-09 09:15 | Report Abuse

starperformer dare to come out and meet 1 on 1 or not? jackng06 want to meet this axxhole?

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

LOL u blind? All figures are printed in quarterly/annual reports. U must be not reading.

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

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=174639&name=EA_DS_ATTACHMENTS

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=194811&name=EA_FR_ATTACHMENTS

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=194812&name=EA_FR_ATTACHMENTS

Posted by Evergreen5101 > 2017-03-09 09:15 | Report Abuse

hahahaha i will use 20 properties la 5 so little....

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

Can why not. Where u want? Don't chickened-out like saltedfish in FPGroup.

Posted by Evergreen5101 > 2017-03-09 09:17 | Report Abuse

come la....you tell me where to meet? ok mou?

Posted by Up_down > 2017-03-09 09:20 | Report Abuse

Enjoy the rebound lor. no point keep bashing. price down and follow by up. kikiki

Posted by starperformer > 2017-03-09 09:21 | Report Abuse

1 also u could not afford to buy. ZERO got lah. Ha ha!!

Posted by Evergreen5101 > 2017-03-09 09:21 | Report Abuse

where to meet starperfomer? talk so big? chicken out ar?

Posted by starperformer > 2017-03-09 09:23 | Report Abuse

Didn't u the one initiate the meeting? Put words in ppl mouth? What a loser talking.

Posted by Dolly_Chai2 > 2017-03-09 09:37 | Report Abuse

haha... joker sxckperformer.... why when the price goes up.. u didn't say : wow, it is going up.. price up is a reflection of its good fundamentals?

when price is temporarily down, u jumped out like a sissy and said: see, price is down - a reflection of its bad fundamentals?

wtf.. why u so double standard one?

let me tell u what... short term fluctuation (up or down) is not importatn... we true investors aim for long term for read gain when it realizes its full value...


understand it or not, idxot?

Posted by starperformer > 2017-03-09 09:39 | Report Abuse

Idiot Dolly runs out of his cave still doesn't know what is going on? LOL. How much it went down? U blind?

Posted by Evergreen5101 > 2017-03-09 09:43 | Report Abuse

You understand English i am asking you where to meet up? and you never answer!

Posted by starperformer > 2017-03-09 09:43 | Report Abuse

Finish.

Posted by Dolly_Chai2 > 2017-03-09 09:44 | Report Abuse

guys.... i think Evergreen report may cause some confusion to new investors.. why?

in 2015, there was bonus issue.. so before the bonus issue.. 12 month ended total outstanding shares is 517,356,000... net profit was RM90,904,000... so EPS was 17.57...

but in 2016, due to increase of shares to 827,153,000, even though net profit drop a bit to 71,441... the EPS shows a drop of almost 50% to 8.64... if ppl simply look at EPS of two years to compare.. they may not understand what is really going on...

so Evergreen should adjust 2015 EPS (with a note of *) with the current share values (i saw some listed companies do that way)....

see.. i also pointed what evergreen can do better... not like some idixt... super biased and manipulated info....

Posted by starperformer > 2017-03-09 09:45 | Report Abuse

Evergreen5101, I told u don't charge ur properties to banks loh. Now u lose so much contracts. Going to fall back down loh. Why u so stupid buy again today?

Posted by Dolly_Chai2 > 2017-03-09 09:51 | Report Abuse

evergreen5101.. no need challenge sxckperformer to come out to meet 1:1...
u think this pondan aka sissy will take up ur challenge?

he has no bxlls.... me and raider challenged him many times he still pretended he did not see it and still talk cxck....

even if he said : ok, lets come out and meet... he will still "aeroplane" you la... u think he dare to come out?

if yes, i will challenge him to meet up... then i get 2 witnesses
then i open up laptop, show him my portfolio +ve return on evergreen... see whether real or not..

if real, he jumps off a building in front of us...
if not real, i jump...

u think this no-balls idixot dares to take up challenge?

he is only good at falsely accusing ppl, manipulating info...

other things all sxck

Posted by Dolly_Chai2 > 2017-03-09 09:54 | Report Abuse

sxckperformer... 0.92 now wor.... where is the collapse?

Posted by starperformer > 2017-03-09 09:55 | Report Abuse

IF U ARE MAKING A LOT OF UNREALIZED GAINS IN UR PORTFOLIO, ONE DOESN'T NEED TO SHOW TO PROVE. MEANING IT IS "NEVER" REAL AND JUST "BRAGGING" TO UPHOLD RETAILERS TO BELIEVE IN EVERGREEN.

Evergreen is already DEGRADING in many aspects. Why fight against the tide of change? I will show u more. Wait.

Posted by Dolly_Chai2 > 2017-03-09 09:57 | Report Abuse

fxx off la u.. dun talk cxck and nonsense...
take up my challenge first...

since u r 200% sure i modified my portfolio.. why dare not make a "death" swear?

scared of God will punish u of accusing me?

i have sworn that my average price that i showed is real... why u dare not?

if dare not, be responsible like a man (not no-balls sissy like what u r now) and dun simply accuse ppl.. idixt

Posted by Dolly_Chai2 > 2017-03-09 09:58 | Report Abuse

this sxckperformer is a real loser in life...

in order to cover up his mistakes and manipulated info.. he made more effort to create more fake info/half-true info to cover up his lies...

a typical loser in life...

Posted by Dolly_Chai2 > 2017-03-09 09:59 | Report Abuse

i doubt loser like him can ever interact and live in harmony with anyone in this world...

Posted by Dolly_Chai2 > 2017-03-09 10:00 | Report Abuse

always want to win, despite the fact that he knows in his very heart that he is already wrong... still wanna fight without any solid point

Posted by starperformer > 2017-03-09 10:00 | Report Abuse

One very SIMPLE LOGIC is that if an investor wants to hold the company's shares for LONG-TERM, the company must at least able to give out DIVIDENDS but what does EVERGREEN gives to shareholders? NO DIVIDENDS. How to hold its shares for long-term? All famous investors also hold shares of companies that pay at least dividends and it doesn't have to be generous mah.

This just encourages REAL LONG-TERM INVESTORS to DUMP its shares. U think why it is TRENDING DOWN? No point u accumulate the shares.

Posted by starperformer > 2017-03-09 10:02 | Report Abuse

LOL Dolly keeps barking that I'm loser? I don't have to brag like many such losers in here. Only Dolly and team suffered so much losses that each ID keep attacking me loh.

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

U see the following dividends history of EVERGREEN:

FY05: 33 sen
FY06: 5 sen
FY07: 7 sen
FY08: NONE
FY09: 4 sen
FY10: 5.5 sen
FY11: 1.5 sen
FY12: 1 sen
FY13: NONE
FY14: NONE
FY15: 1 sen
FY16: NONE. Only Bonus Issue 1:2

With the MASSIVE BORROWINGS and INSUFFICIENT CASH, this NET DEBTS company is CLEARLY UNABLE TO GIVE OUT DIVIDENDS. So how does it keep or RETAIN its Existing Shareholders or Investors leh?

Posted by starperformer > 2017-03-09 10:13 | Report Abuse

Latest quarter report has shown clearly here:
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)

EVERGREEN is a TOTAL "NET DEBTS" company!! It earns only averagely RM 17.86m of Net Profits per quarter. So how does it abole to do so many things like the following leh:

1) CAPEX averagely RM 30m annually
2) Give out dividends to retain long-term investors/shareholders? Not enough cash.
3) Restarting particleboard segment
4) Starting RTA

Posted by starperformer > 2017-03-09 10:18 | Report Abuse

TAKE A GOOD LOOK AT THE ABOVE 2 POSTS SHOWING THE DIVIDENDS HISTORY FOR 12 YEARS. VERY BAD FOR LONG-TERM SHAREHOLDERS/INVESTORS.

Posted by starperformer > 2017-03-09 10:23 | Report Abuse

If it doesn't work out to be better, shareholders and investors will dump its share to as low as RM 0.62-0.60 easily when history repeats itself again.

U look at the Monthly chart, it has gone up so much 400% from RM 0.40 to peak RM 1.60...still not enough? Still want to gamble? A non-dividend paying stock after goreng up by punters will just be dumped.

Posted by Evergreen5101 > 2017-03-09 10:23 | Report Abuse

Good one can you plus the massive debts posting as well Mr. Debts?

Posted by starperformer > 2017-03-09 10:26 | Report Abuse

Evergreen5101, why u use ur properties as collateral? Told u don't main-main with stocks. LOL

Posted by stockraider > 2017-03-09 11:13 | Report Abuse

Btw...Most of Hevea's properties are charged to the bank mah...!!

It is ok to use property as a collateral loh.....!!

Go Go Go Evergreen $$$$$$$$ coming loh....!!

Posted by Evergreen5101 > 2017-03-09 11:13 | Report Abuse

When you tell me Mr. Debts....hahahaha......You make yourself as a laughing stocks aka Tai Lin Gong...

Posted by stockraider > 2017-03-09 11:15 | Report Abuse

Ya lah....pondan fellow...where got Evergreen massive Debts leh.....!

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 starperformer > 2017-03-09 11:35 | Report Abuse

Why u BOTH so nervous? I tell u so u don't go in blindly. Later u suicide too late. U must have lost a lot of money in the stock market elsewhere or here. Unrealized paper losses. Where got gains?

Stockraider revealed to everybody yesterday:



Mar 7, 2017 05:02 PM | Report Abuse

Latest update on evergreen

3.22M units @Rm 0.9356 Rm 3.0125m
Buy another 250K @ Rm 0.87 Rm 0.2175M

Total 3.470M units @0.93084 Rm 3.23M

Bought another 250k units at Rm 0.87 2nd session

Posted by starperformer > 2017-03-09 11:36 | Report Abuse

Wrong lah...what is Evergreen's Total Liabilities leh? Why don't dare to post leh?

Posted by stockraider > 2017-03-09 11:40 | Report Abuse

Total liabilities must match with total assets mah....!!
Wow Thats means Evergreen NTA of Rm 1.39 per share loh....!!

MR Debts don know how to analyse & interpret loh.....!!

Posted by ylyer > 2017-03-09 11:41 | Report Abuse

This counter slp counter

Posted by starperformer > 2017-03-09 11:41 | Report Abuse

Stockraider finally admit its MASSIVE DEBTS leh. Not too late to escape loh.

Posted by starperformer > 2017-03-09 11:41 | Report Abuse

U see the following dividends history of EVERGREEN:

FY05: 33 sen
FY06: 5 sen
FY07: 7 sen
FY08: NONE
FY09: 4 sen
FY10: 5.5 sen
FY11: 1.5 sen
FY12: 1 sen
FY13: NONE
FY14: NONE
FY15: 1 sen
FY16: NONE. Only Bonus Issue 1:2

With the MASSIVE BORROWINGS and INSUFFICIENT CASH, this NET DEBTS company is CLEARLY UNABLE TO GIVE OUT DIVIDENDS. So how does it keep or RETAIN its Existing Shareholders or Investors leh?

Posted by Evergreen5101 > 2017-03-09 11:41 | Report Abuse

No one is nervous... just waiting for your accusation and fake comment on evergreen as below:-

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

Mr. massive debts... please clean your immature act....

Posted by ylyer > 2017-03-09 11:42 | Report Abuse

Stuck money like no days

Posted by starperformer > 2017-03-09 11:42 | Report Abuse

Stock price TRENDING DOWN mah...hold long also NO DIVIDENDS. No good loh.