EVERGREEN FIBREBOARD BHD

KLSE (MYR): EVERGRN (5101)

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Last Price

0.375

Today's Change

+0.01 (2.74%)

Day's Change

0.37 - 0.38

Trading Volume

8,925,600


7 people like this.

11,520 comment(s). Last comment by togogayguy 2 days ago

satha44

1,740 posts

Posted by satha44 > 2021-09-09 07:37 | Report Abuse

Evergreen listed as one of the worlds top producers of Fibre Density Boards....after 2 years of losses....this company has started to turn around....2 quarters of profit.....with a substantial cash pile...Evergreen is poised to slowly......slowly move upwards....collection has already started in this company shares....with its recent upcycle to 43.5.....
52 week high of 53sens.....coming nearer......All the Best

Posted by EatCoconutCanWin > 2021-09-20 12:24 | Report Abuse

Evergrande is evergreen brother. Correct?

stockfreak

777 posts

Posted by stockfreak > 2021-09-20 12:25 | Report Abuse

Haha. One Taiwan, one China. Don't eat coconuts bro!

Posted by EatCoconutCanWin > 2021-09-20 12:28 | Report Abuse

I thought is the same, luckily not. Else will drop n delisted

stockfreak

777 posts

Posted by stockfreak > 2021-09-20 12:30 | Report Abuse

OK. Just like Genetec and Geshen. Both starts with "Ge" but they are not the same company. The recent surge in Geshen might be due to this reason? Just kidding.

SpikeNow

204 posts

Posted by SpikeNow > 2021-10-08 07:00 | Report Abuse

Flyday ! my 1st Tp break 42.. haha …

SpikeNow

204 posts

Posted by SpikeNow > 2021-10-08 14:57 | Report Abuse

ever go go go up kan ! puuuuuush

SpikeNow

204 posts

Posted by SpikeNow > 2021-10-08 16:04 | Report Abuse

haha looks ready ok .. good ..

790574

6 posts

Posted by 790574 > 2021-10-15 13:10 | Report Abuse

On your marks…

satha44

1,740 posts

Posted by satha44 > 2021-10-25 00:07 | Report Abuse

Next week....showtime

lloydlim

3,940 posts

Posted by lloydlim > 2021-10-26 10:29 | Report Abuse

Time to accumulate!

onecall

561 posts

Posted by onecall > 2021-10-27 09:10 | Report Abuse

Gogogo. Golden cross

Posted by MonsterMomo > 2021-10-27 17:03 | Report Abuse

Ready to explode ya...

Posted by damansaraeagle > 2021-10-28 02:27 | Report Abuse

wooow

sengtan

188 posts

Posted by sengtan > 2021-11-12 11:56 | Report Abuse

buy before it explode

Posted by risktoreward > 2021-11-12 12:11 | Report Abuse

Still holding at 39

sengtan

188 posts

Posted by sengtan > 2021-11-12 14:43 | Report Abuse

45

sengtan

188 posts

Posted by sengtan > 2021-11-15 09:43 | Report Abuse

accumulate now before it shoot higher

sengtan

188 posts

Posted by sengtan > 2021-11-30 08:54 | Report Abuse

Fantastic Q3 result

Posted by damansaraeagle > 2021-12-05 03:19 | Report Abuse

She is trading at its resistance of 0.435 & it only means to monitor the PRICE VOLUME ACTION NEAR THIS RESISTANCE PRICE TO determine whether breakout will take place or NOT.

wehcant

1,259 posts

Posted by wehcant > 2021-12-06 09:53 | Report Abuse

Many counters have tested its 200 MA support but only a few rebounded. Evergreen is one of them.

Davidl

1,811 posts

Posted by Davidl > 2021-12-07 14:15 | Report Abuse

Time to move higher!

Posted by OperationMoneyball > 2021-12-10 10:27 | Report Abuse

need help break 0.49. come lets go

Posted by samchong6891 > 2021-12-13 09:50 | Report Abuse

How u know Kim?

Kim

4,024 posts

Posted by Kim > 2021-12-13 22:35 | Report Abuse

samchong6891 How u know Kim?

13/12/2021 9:50 AM

Bcoz their ERT is my relative. Passed Away today morning.

https://www.theedgemarkets.com/article/evergreen-fibreboard-says-fire-broke-out-subsidiarys-premises-johor-two-deaths-reported?type=corporate

Posted by samchong6891 > 2021-12-14 23:15 | Report Abuse

Sorry Kim .. thank you for the sharing

alvin1188

191 posts

Posted by alvin1188 > 2021-12-15 11:55 | Report Abuse

feel sorry to hear about the casualties. Btw, Evergreen mentioned:

“Based on the management's initial assessment, the damages are not material as the fire only affected a section of EJB's wood pellet production line.

alvin1188

191 posts

Posted by alvin1188 > 2021-12-15 13:54 | Report Abuse

1. Evergreen Fibreboard (JB) Sdn Bhd (EJB) is a wholly-owned subsidiary of Evergreen Fibreboard Bhd with operations in Pasir Gudang and Segamat, Johor.
2. The fire incident which occurred on 11 December 2021 happened in its Segamat premise, had damaged the wood fibre storage bin. Aside from this storage bin, the fire did not damage other sections of EJB's machineries which are currently in operations.
3. As the cause of the fire in the wood fibre storage bin is still under investigation by the Fire Brigade's forensic department, Management will commence repair works immediately after the Fire Brigade completes their investigation. It is estimated that the cost of repairs will not exceed RM500,000.
4. EJB's Segamat operations contributes less than 5% to the Group's turnover. Potential profit foregone from the downtime is estimated to be around RM100,000, based on the duration of downtime expected for repair works. Therefore, based on above estimates, the temporary disruption to EJB's Segamat operations is not expected to have any significant impact on the Group's financial result for the financial year 2021.

alvin1188

191 posts

Posted by alvin1188 > 2021-12-15 13:55 | Report Abuse

the fire incident will only cause around RM100K loss but why today the share price dropped a lot? any other news?

satha44

1,740 posts

Posted by satha44 > 2021-12-15 21:23 | Report Abuse

Will come back to retest 50sens....just need to be patient...

Icon 888

2,232 posts

Posted by Icon 888 > 2021-12-27 19:18 | Report Abuse

Ggg- Good Good good

cactus81

245 posts

Posted by cactus81 > 2021-12-30 10:37 | Report Abuse

Will the flood push up the demand for mdf?

Davidl

1,811 posts

Posted by Davidl > 2022-01-06 16:40 | Report Abuse

It is time now to challenge 60cts.

lloydlim

3,940 posts

Posted by lloydlim > 2022-01-06 17:58 | Report Abuse

Breakout today! Looking forward to breakthrough 0.60 tomorrow.

alvin1188

191 posts

Posted by alvin1188 > 2022-01-07 10:34 | Report Abuse

very optimistic remarks in the Q3 report:

Commentary of Prospects
There has been increased optimism as countries start opening up their economies.
Even though Covid19 still remains a risk, countries are learning to live alongside it
as we adapt an ‘endemic’ point of view, rather than a ‘pandemic’.
Malaysia too, has better prospects as the country emerges from the Full Movement
Control Order (FMCO) which has been restrictive on most business activities.
Nonetheless, Covid19 remains a concern with an uptick in number of new cases
being reported.
During the 4 months of mandated shutdown from the Malaysian FMCO, it was the
Group’s diversified base of operations in Thailand and Indonesia that gave it the
resilience to remain profitable, with much improved contributions from its
Thailand operations due to an increase in panel board prices, as general economic
activities picked up around the world.
Nonetheless, there remain headwinds. The quick resurgence of economic activities
in China has put further strain on the logistics industry which continues to struggle
with limited shipping capacities. The Chinese resurgence also resulted in higher
costs of many commodities with supply-side playing catch up to high demand. The
lack of sufficient electricity in China further limits supply of materials. Of
particular concern is the increase in the price of raw materials used in the
manufacture of glue which was on a sharp rise, in tandem with oil price increase.
The price is currently stabilized.
All these challenges are balanced with more positive economic outlook. With
better overall demand in the Group’s key panel board product segment, the
increase in average selling price has thus far, kept pace with the increase in cost.
The Group will continue to work closely with its customers to optimize its pricing
structure while maintaining a healthy order book.
The Group’s operations in Thailand and Indonesia contributed positively to help
alleviate the losses in Malaysia in the current quarter and looking forward, the
Group is cautiously optimistic that after emerging from FMCO, its Malaysian
operations too, will contribute positively to the overall result.

alvin1188

191 posts

Posted by alvin1188 > 2022-01-07 10:36 | Report Abuse

look at the last paragrapgh:

The Group’s operations in Thailand and Indonesia contributed positively to help
alleviate the losses in Malaysia in the current quarter and looking forward, the
Group is cautiously optimistic that after emerging from FMCO, its Malaysian
operations too, will contribute positively to the overall result.

in Q2 & Q3, Evergreen's Malaysian operations were affected by FMCO and they were forced to shut down. Malaysian sales and profits were impacted (see a loss), but Thailand and Indonesia contributed positively to overall group, so we still see overall profit.

In Q4, no more FMCO in Malaysia, the company expects much better results ahead.

No wonder ppl keep collecting it now...

cactus81

245 posts

Posted by cactus81 > 2022-01-07 15:44 | Report Abuse

Recent floid will push up demand for mdf

lloydlim

3,940 posts

Posted by lloydlim > 2022-01-07 16:33 | Report Abuse

Buying interests keep increasing, upward momentum getting stronger day by day. Dark horse in the making!

SpikeNow

204 posts

Posted by SpikeNow > 2022-01-10 16:52 | Report Abuse

untung untung liao .. haha .. gao dim .. evergreen you best !

lloydlim

3,940 posts

Posted by lloydlim > 2022-01-11 00:55 | Report Abuse

Uptrend momentum still very healthy, more to go!

Davidl

1,811 posts

Posted by Davidl > 2022-01-11 10:33 | Report Abuse

Washing out contra players, gd job!

Posted by Dream_Chaser > 2022-01-17 19:04 | Report Abuse

Patience

lianbc12

57 posts

Posted by lianbc12 > 2022-01-17 19:21 | Report Abuse

Good sign before climb up further

Davidl

1,811 posts

Posted by Davidl > 2022-01-23 23:47 | Report Abuse

Time to accumulate!

Posted by talhahsuhaimi > 2022-01-24 17:31 | Report Abuse

climb up or sideway?

Posted by Dream_Chaser > 2022-01-27 14:51 | Report Abuse

?

Posted by reezdragon85 > 2022-01-27 16:12 | Report Abuse

This is not pump and dump counter. Long term still bullish. Just because it break ma 20 doesnt mean it is pump and dump. Short term trader always get roasted because they have weak holding. Im still waiting for a rebound whether ma 50 or ma 200 because fundamentally this counter is very good

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