KLSE (MYR): EVERGRN (5101)
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Last Price
0.295
Today's Change
0.00 (0.00%)
Day's Change
0.29 - 0.295
Trading Volume
192,300
2024-11-08
2024-11-07
2024-11-01
2024-11-01
2024-11-01
Mauxi
34 posts
Posted by Mauxi > 2018-03-08 10:45 | Report Abuse
Evergreen loses shine long ago. Too much to list out it's problems that caused it degraded to this worst state.
Profit margin continue to be eroded with inconsistent earnings. All the yoy profit growth have been negative for 7 straight quarters.
Worst is that it has huge pile of borrowings from banks amounting to RM 217,296,000 now and these borrowings were increased from RM 205,257,000 yoy a year ago that is 5.87% yoy increase in borrowings for the wrong reason. Take a look
Cummulative net profit for 2013: -42,776,000 (loss making)
Cummulative net profit for 2014: 170,000 (kacang earnings)
Cummulative net profit for 2015: 92,561,000 (amazing but sun setting thereafter)
Cummulative net profit for 2016: 71,679,000 (-22.56% yoy)
Cummulative net profit for 2017: 45,192,000 (-36.95% yoy)
Too much competition and costs of production rising, do u expect it's future earnings to be as rosy anymore? If management is smart, better pare down borrowings otherwise it will get messy in future when earnings keep degrading but borrowings ballooning.