Hello everybody. I am glad all people gone to holland and enjoy free burial ceremony there also. Anymore people want to go nirvana holland this week? We have unlimited free tickets.
director proposed share buy back 10%, and recently shareholders buy share of evergreen indirect way, so do u guy still think that evergreen still will drop? i think evergreen end of this month back to 0.92 or above
evergreen now still undervalue, grab it if not no chance, i think something good news will announce soon, if not those directors and his sibling wont be buy evergreen, this month RM1
Evergreen is still a downtrending stock. Where is the bottom? I noticed that there are some value investors here who rode this stock down. I presume they would have bought it at higher prices.
Some may view them as TRUE FAITHFULS and Traders may view them as DUMB ASS for riding it down.I have made good money with this stock though...Bought in during Q3 2014 and sold out near peak and at peak prices.
Perhaps the downtrend direction for this stock may be ending soon as recent buy ins by majority shareholders maybe the signal.
thanks Jackng06 for your sharing...what stated in the news are all in line with my expectations which I had mentioned long ago:
“Our group’s long-term direction is to diversify away from principally relying on sales of raw MDF boards by going downstream via value-adding and product differentiation. As our furniture offerings are made of panel boards, the completion of the particleboard plant will complement our efforts to expand our downstream ambitions as one of the major raw materials for our furniture products is particleboard,” he said.
Evergreen’s in-house production of intermediate products including the glue, MDF boards and particleboards gives rise to Evergreen’s position of being a true integrated producer from raw boards to boards with overlay and RTA furniture sets.
The projects, when completed, will strengthen Evergreen’s core competencies as well as complement and generate new but related income streams.
Leong said most of the investment costs for the expansion projects had already been accounted for in FY15 and FY16.
“We expect a capex budget of no more than RM50mil for FY17. We think there could be a slight improvement in our financial results this year compared with the previous year, as our expansion projects will start to kick-in in the second half of the year,” he said.
if you all understand what a vertical integration model is.. u will know why i invested in Evergreen...
Evergreen is currently expanding into RTA (furnitures) lines and as they ownselves produce the raw materials (particleboards and MDFs) for the RTA, they can manage the cost better and have a overall better profit margin.. that is the benefit of vertical integration..
secondly.. as some joker (aka sxckperformer) who was still claiming that Evergreen is going to spend more CAPEX in 2017.. which I pointed out that he was wrong that most of the CAPEX had been spent in 2015-2016... and it is not waiting for the fruits to ripe... and what the top management said in the report, matched exactly what I said in the past...
of course, I am not boasting here.. i am not a God ... i don;t know things in the future if there is no clue... but from my own research and studies based on the clues and some news provided, i can link them up to see the big picture.. you can do the same too.. if you are observant and hardworking enough...
investment is all about devotion and doing a lot of homework...
nothing comes for free, for sure..
cheers to those who invested in Evergreen, regardless of whether you bought into it due to your own research or after listening to me previously...
a value investor is one who buys shares when they are trading at a discount and wait for it to realize its intrinsic value...
Already says no massive debts net net Rm 40m debts for a company with more than Rm 1 billion shareholder funds mah....!! Very healthy mah....!!
Compare with Hevea...net cash ....of course hevea better but hevea NTA only rm 0.86 whereas evergreen is Rm 1.38 per share mah...!! in some ways evergreen got advantage too loh...!!
haha... this joker heveakrea (a new ID with just a few comments so far) is probably someone who was suspended due to providing misleading info in i3...
but nvm, let me shoot him right in the face now with facts..
Joker said: Does the MASSIVE DEBTS RM 205,257,000 disappear or still around? That alone speaks more than a thousand words also.
But joker purposely leave out the fact that Evergreen has a total cash of RM160.308M, as I had mentioned earlier, the net debt is only RM44.949M (after deducting the cash).. why did he purposely leave the cash out? what is the net debt/equity ratio? it is only 44.949/1151.217 = 0.039 or 3.9% (which is what the news on theStar said)..
haha... this joker heveakrea (a new ID with just a few comments so far) is probably someone who was suspended due to providing misleading info in i3...
but nvm, let me shoot him right in the face now with facts..
Joker said: Does the MASSIVE DEBTS RM 205,257,000 disappear or still around? That alone speaks more than a thousand words also.
But joker purposely leave out the fact that Evergreen has a total cash of RM160.308M, as I had mentioned earlier, the net debt is only RM44.949M (after deducting the cash).. why did he purposely leave the cash out? what is the net debt/equity ratio? it is only 44.949/1151.217 = 0.039 or 3.9% (which is what the news on theStar said)..
from the way this joker wrote, it is quite obvious he is a new ID created by the oldtime joker sxckperformer..
and his misleading + manipulated info can be due to the following reasons:
1) He is deeply stuck in Hevea, wanted to beat down Evergreen and try to promote Hevea 2) He is very afraid that Evergreen will emerge as a substantial RTA player (not yet currently) and will eat into Hevea's share market...
If not, why is he so biased and misleading? He said Evergreen is not diversified.. but what I or the top management (see the news on TheStar) had mentioned that they are diversifying into particleboard and new RTA...
raider.. no need argue with that joker... from the style he wrote, I am quite certain he is the banned sxckperformer.. haha... now created a new ID to con ppl again... feel sad for him
he is either sabotaging evergreen for the good of Hevea, or just too dumb to understand basic accountings... i really feel sad for him.. someone who claimed himself as value investor but do not understand financials... he might as well follow some "dynamic investors" to speculate shares...
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 673 views | 4 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 13866 views | 12 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Dolly_Chai2
971 posts
Posted by Dolly_Chai2 > 2017-04-05 10:55 | Report Abuse
wow... Jon Choivo has insider's news.. good.. haha...
pls share more with us... thanks...