No any revision on Malaysia currency, it's another good news for export company. I can foresee the year end quarter result will be another new high. However, more than 30% of their revenue from middle east. Middle east country start to cut budget on many sectors due to affection of income from low crude oil price. Wish this won't affect much on next year sales.
this counter can go as high as RM3.00 as the upcoming quarterly EPS will keep improving due to the strong USD + company's effective internal cost improvement plan... I wont be surprised to see EPS of >30 sen in 2016.
Hmm...now its 2.29 from a mere 60 cents in late 2014..Why? It is simple...It has a good biz model with good competent management ...its profits blessed by the weakened RM.
It is possible to go higher than rm2.50...but dont think can reach Rm 3 within 1 year time... Its real PE should be about 13-14 now, many newspapers haven't updated its latest PE or followed last year profit to calculate its PE....
In a filing with Bursa Malaysia today, the medium density fibreboard producer said based on the indicative issue price of RM1.95 per placement share, it will raise up to RM100.03 million.
The proposed private placement entails a placement of up to 51.3 million new shares of 25 sen each in EFB, which represents up to 10% of the issued share capital of the group
On behalf of the Board of Directors of Evergreen Fibreboard Berhad (“EFB”), CIMB Investment Bank Berhad wishes to announce that EFB propose to undertake the following:
Proposed Private Placement of up to 51,297,800 new ordinary shares of RM0.25 each in EFB (“EFB Shares”), representing up to 10% of the issued and paid-up share capital of EFB (excluding treasury shares) ("Proposed Private Placement"); and
Proposed Bonus Issue of up to 282,137,900 of new EFB shares (“Bonus Shares”) to be credited as fully paid-up on the basis of 1 bonus share for every 2 EFB shares held after the Proposed Private Placement (“Proposed Bonus Issue”)
KUALA LUMPUR (Nov 20): Evergreen Fibreboard Bhd (EFB) announced today that it intends to undertake a private placement offering of common shares at a price to be fixed at a later date, to finance its development and business expansion, repay borrowings and for working capital.
In a filing with Bursa Malaysia today, the medium density fibreboard producer said based on the indicative issue price of RM1.95 per placement share, it will raise up to RM100.03 million.
The proposed private placement entails a placement of up to 51.3 million new shares of 25 sen each in EFB, which represents up to 10% of the issued share capital of the group.
EFB also proposed to undertake a bonus issue, involving the issuance of up to 282.14 million bonus shares on the basis of one bonus share for every two EFB shares to reward its existing shareholders and enhance the stock's marketability and trading liquidity.
This will be implemented after the completion of the proposed private placement in a single issuance.
"The actual number of bonus shares to be issued can only be determined after the proposed private placement, based on the then issued and paid-up share capital of EFB," said the group.
"Barring any unforeseen circumstances and subject to all relevant approvals being obtained, the proposals are expected to complete by the first quarter of 2016," it added.
Net Profit +15.48% qoq,+173.81% yoy. Q3 EPS 5.38x4=21.52sen,21.52 times 15x =RM3.22 Plus 2 for 1 bonus issue! Inari good result plus bonus issue oso fly to the sky high, i see no reason evergreen cant break RM2.50 next two day. guys try ur luck on monday morning to get early ticket.
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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....
2centsense
1,196 posts
Posted by 2centsense > 2015-10-21 17:05 | Report Abuse
My favourite is moving...again! This time lets break 2.11 tomorrow.