Posted by Dolly_Chai > 2017-01-06 12:30 | Report Abuse

haha... raider, save ur gas.. no need shout at pondan.. he has no balls ler.. not even dare to answer my questions... then accused me of not answering his stupid questions (which i had actually answered all with justifications)

Posted by stockraider > 2017-01-06 12:35 | Report Abuse

CORRECTLOH...THAT PONDAN...COME AND SHOUT OUTPERFORMANCE...WITH LIST OF STOCK MENTIONED ....MAKING GOOD MONIES TODAY...I CHECKED....IT ALL THE SHARE PRICE OF STOCK MENTIONED FALL WORSE THAN EVERGREEN TODAY MAH....!!

THIS PONDAN...NEVER CHECK 1ST....SIMPLY SHOUT ...LOH...!!

Posted by bullmoney > 2017-01-06 13:21 | Report Abuse

Evergreen ....

Posted by starperformer > 2017-01-06 14:41 | Report Abuse

Buy loh Evergreen cheap mah. Buy now loh.

Posted by sleepybryan > 2017-01-06 14:42 | Report Abuse

starperformer your also an ignorant ikan bilis please dont quote my name

Posted by starperformer > 2017-01-06 14:47 | Report Abuse

Aiya..Evergreen is...Failure to launch..LOL

Posted by starperformer > 2017-01-06 14:47 | Report Abuse

Important ikan bilis make money. Who cares.

Posted by starperformer > 2017-01-06 14:50 | Report Abuse

Here u compare it:

INDIVIDUAL QUARTER 3 MONTHS ENDED (*Just 1 quarter)
EVERGREEN Net profit after taxation: 15,692,000
HEVEA Net profit after taxation: 17,233,000
*HEVEA has RM 1,541,000 more net profit after taxes for "latest quarter"

CUMULATIVE QUARTER 9 MONTHS ENDED (*Just 3 quarters combined)
EVERGREEN Net profit after taxation: 51,691,000
HEVEA Net profit after taxation: 52,662,000
*HEVEA has RM 971,000 more net profit after taxes for that "previous 3 quarters combined".

Posted by starperformer > 2017-01-06 14:54 | Report Abuse

Compare...

EVERGREEN
P/E Normalized: 8.798
ROIC: 9.408%
EPS GROWTH RATE: -3.41%
NET PROFIT MARGIN: 9.294%


HEVEA
P/E Normalized: 11.209
ROIC: 21.282%
EPS GROWTH RATE: 13.803%
NET PROFIT MARGIN: 14.617%


Below as indicated are the round-up of EVERGREEN and HEVEA profit margin:

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


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: 13.3%



Latest recorded revenues by segments of both companies:

EVERGREEN
Medium density fibreboard (MDF): 80% of revenues contribution
Value-added MDF: 15% of revenues contribution
Ready-to-Assemble (RTA): 5% of revenues contribution

HEVEA
Particleboard: 40% of revenues contribution
Ready-to-Assemble (RTA): 60% of revenues contribution



Hevea's latest quarter report announced on 22 Nov 2016.
CASH AND BANK BALANCES 109,790,000
LONG TERM BORROWINGS 6,947,000
SHORT-TERM BORROWINGS 8,164,000
Total debts: 15,111,000
Cash - Total Borrowings = 94,679,000 (*NET CASH POSITION)
No. of shares in circulation: 500,851,890 shares
94,679,000(Net cash) / 500,851,890 shares = *Worth RM (0.189) net cash a piece


Evergreen's latest quarter report announced on 28 Nov 2016.
CASH AND BANK BALANCES 141,018,000
LONG TERM BORROWINGS 108,952,000
SHORT-TERM BORROWINGS 107,633,000
Total debts: 216,585,000
Cash - Total Borrowings = -75,567,000 (*NET DEBTS POSITION)
No. of shares in circulation: 846,423,985 shares
-75,567,000(Net debts) / 846,423,985 shares = *Worth approx. RM (-0.089) per share

Posted by stockraider > 2017-01-06 17:21 | Report Abuse

HA...HE...HA...!!
ANOTHER CLASSIC TALK COCK BY STAR PERFORMER LOH...!!
IF HEVEA SO GOOD LIKE HE SAYS....HOW COME DROP RM 0.02, WHEREAS EVERGREEN JUST DROP TINY RM 0.005 ONLY LEH ?

Posted by starperformer > 2017-01-06 18:26 | Report Abuse

Failed to take-off. U can continue to cheat yourself. Haha!

Posted by slts > 2017-01-08 19:59 | Report Abuse

turn bullish if break 200ma 1.02

Posted by Dolly_Chai > 2017-01-09 09:55 | Report Abuse

very hard to educate half-filled water like sxckperformer.. nvm la.. we just wait and see the results later...

Posted by starperformer > 2017-01-09 10:11 | Report Abuse

If this is a good stock, it would have gone up even in the past few weeks where most exporter stocks with good fundamental had risen a lot BUT Evergreen failed because just as I told u that it is over-leveraged with high cost of borrowings which is associated with HIGH RISKS during uncertain economic climate.

Posted by starperformer > 2017-01-09 10:12 | Report Abuse

Just look at HEVEA, HOMERIZ, FLBHD, LATITUDE, LIIHEN. All of these stocks have risen substantially and they are with none or minimal borrowings and with lots of cash on hand.

Posted by stockraider > 2017-01-09 10:15 | Report Abuse

AIYAH UR HEVEA GONE UP MEH...SINCE WE BET ?
REMEMBER HEVEA V EVERGREEN.....!!
HEVEA RM 1.55 V EVERGREEN 0.97....CHECK LAH WHAT PRICE LAH ?
TALK VERY PANLAI LOH...!!

Posted by starperformer > 2017-01-09 10:17 | Report Abuse

All other wood/furniture-related stocks have none or with total borrowings of under RM 100 millions. Only Evergreen has this giant amount of debts of RM 216.585 millions

Posted by starperformer > 2017-01-09 10:20 | Report Abuse

stockraider, u choose to ignore the fact now for what? HEVEA's share price has been trading upward from 1.10 to 1.58

While Evergreen's share price has been trading range-bound and trending downward from 0.90 to 1.10 then flopped back down to 0.90 and now.

Posted by stockraider > 2017-01-09 10:21 | Report Abuse

Posted by starperformer > Jan 9, 2017 10:17 AM | Report Abuse

All other wood/furniture-related stocks have none or with total borrowings of under RM 100 millions. Only Evergreen has this giant amount of debts of RM 216.585 millions

AGAIN U TALK RUBBISH LOH...EVEN MYEG, IJM, GAMUDA, TENAGA ALL VERY GOOD COMPANIES GOT BORROWING LOH...!!

IT IS JUST LIKE, IF U BUY HOUSE...U BORROW MAH....U GOING TO BANKRUPT MEH ?
IF UR BORROWING FOR GOOD THING OR INVESTMENT....MULTIPLE UR WEALTH LOH...!!

Posted by stockraider > 2017-01-09 10:26 | Report Abuse

Posted by starperformer > Jan 9, 2017 10:20 AM | Report Abuse

stockraider, u choose to ignore the fact now for what? HEVEA's share price has been trading upward from 1.10 to 1.58

While Evergreen's share price has been trading range-bound and trending downward from 0.90 to 1.10 then flopped back down to 0.90 and now.

AGAIN U TALK RUBBISH AGAIN LOH...I STILL CAN SAY EVERGREEN HAS GONE UP FROM RM 0.40 MAH...! THUS DON BRING UP GRANDFATHER HISTORY LOH..!!

IT IS NOW HEVEA RM 1.55 CAN PERFORM OR NOT ?
AND EVERGREEN RM 0.97 CAN PERFORM OR NOT ?

WE TALK FUTURE MAH....IT IS WHERE U MAKE MONIES LOH...!!
IF NO CONFIDENT OF THE FUTURE SHUT UP LOH...!!
DOLLY & RAIDER VERY CONFIDENT EVERGREEN MAH...!!

Posted by starperformer > 2017-01-09 10:26 | Report Abuse

HELLO! Evergreen's own 80% revenues are derived from MDF alone (over-reliant on ONE product segment). Need more explanation?

Posted by starperformer > 2017-01-09 10:27 | Report Abuse

AGAIN! House is an appreciating assets and banks welcome it as good collateral. What appreciating assets does Evergreen have?

Posted by starperformer > 2017-01-09 10:28 | Report Abuse

Aiya....

Companies with lots of cash..how to bankrupt leh?

Companies with high-debts not likely to bankrupt meh? LOL

Posted by stockraider > 2017-01-09 10:29 | Report Abuse

AIYAH...SIMPLE ANSWER LOH...FOCUS MAH....!!

IF U AN ACCOUNTANT....U EARN BULK MONIES ACCOUNTSNT LOH...UR PART TIME AMWAY BUSINESS....SMALL MONIES LOH...!!

SAME MAH...EVERGREEN BULK PROFIT MDF BCOS FOCUS LOH!!...OK MAH...!!

Posted by stockraider > 2017-01-09 10:31 | Report Abuse

Companies with lots of cash..how to bankrupt leh?

NO BANKRUPT...BUT LIKE HEVEA NTA RM 0.85 SHARE PRICE RM 1.55 OVERVALUE LOH....!!

SHARE PRICE WILL FALL BCOS OVERVALUE LOH...!!

Posted by starperformer > 2017-01-09 10:38 | Report Abuse

If HEVEA overvalue then how come it keep going up leh? Wah...look at the flying colours:

EVERGREEN
P/E Normalized: 8.798
ROIC: 9.408%
EPS GROWTH RATE: -3.41%
NET PROFIT MARGIN: 9.294%

HEVEA
P/E Normalized: 11.209
ROIC: 21.282%
EPS GROWTH RATE: 13.803%
NET PROFIT MARGIN: 14.617%


Below as indicated are the round-up of EVERGREEN and HEVEA profit margin:

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

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: 13.3%

Posted by stockraider > 2017-01-09 10:54 | Report Abuse

If HEVEA overvalue then how come it keep going up leh? Wah...look at the flying colours:

EVERGREEN
P/E Normalized: 8.798
ROIC: 9.408%
EPS GROWTH RATE: -3.41%
NET PROFIT MARGIN: 9.294%

HEVEA
P/E Normalized: 11.209
ROIC: 21.282%
EPS GROWTH RATE: 13.803%
NET PROFIT MARGIN: 14.617%

AIYAH UR HEVEA GONE UP MEH...SINCE WE BET ?
REMEMBER HEVEA V EVERGREEN.....!!
HEVEA RM 1.55 V EVERGREEN 0.97....CHECK LAH WHAT PRICE LAH ?
TALK VERY PANLAI LOH...!!

Posted by starperformer > 2017-01-09 11:14 | Report Abuse

Don't panic stockraider. Trying hard to support the price won't justify what u believe in. In the end, u will realize it.

Posted by stockraider > 2017-01-09 11:16 | Report Abuse

IT IS NOW HEVEA RM 1.55 CAN PERFORM OR NOT ?
AND EVERGREEN RM 0.97 CAN PERFORM OR NOT ?

WE TALK FUTURE MAH....IT IS WHERE U MAKE MONIES LOH...!!
IF NO CONFIDENT OF THE FUTURE SHUT UP LOH...!!
DOLLY & RAIDER VERY CONFIDENT EVERGREEN MAH...!!

Posted by starperformer > 2017-01-09 11:28 | Report Abuse

U shout to support also no use loh because it is following trend down. Borrow 200 millions, how much interest to pay banks? Only the interest payback to banks also can buy factory/land. Business profit sliding down for 5 quarters consecutively still not clear? That is the clear reason why it's share price going down. Have not even mention it only relies 1 product that is MDF as it's rice bowl at 80% contributions mah.

Posted by air01557 > 2017-01-09 11:41 | Report Abuse

chart looks good, further upside is to be expected soon.

Posted by Dolly_Chai > 2017-01-09 13:18 | Report Abuse

Raider, let's just ignore this joker sxckeperformer... he is still not ware of how disgusting and not-welcomed he is in this forum... how sick of him...

let me make one last blow to him on his idixtic and biased comments (for his personal agenda i guess, if not why spend so much time here... quite obvious, he missed the boat and is trying to pull down the share price - but who is he? does he have such influence.. haha.. )..


1) Debt of Evergreen (which is manageable and reasonable for the industry it is involved in) - he keeps saying that Hevea has zero debt but Evergreen has debt.. I have told him that Hevea is more like a furniture company as its 60% sales are from RTA (ready to assemble furniture) which are less capex intensive. Where as currently Evergreen manufactures 80% of raw MDF so it is more capex intensive in terms of the machineries and maintenance. They are not in the exact industries so you just can't compare directly.. he has not even answered my question on this one.. Yes, evergreen will target to build more RTA (current 5% of total revenue), but their main focus is still MDF at current stage. So, until one day when Evergreen has its RTA sales reach 50-60% of total revenue, then only it is fair to directly compare with Hevea on the debt/net cash...

2) Debt of Evergreen - again, let's discuss if the debt is bad or actually good for evergreen. We know that many business raise loans to expand. We have to examine whether their profit margin is higher than the interest they need to pay for the loan. Last year (2015 full year), evergreen net profit margin is 9.1%. This year (up to 9 months), due to forex loss, the net profit margin dropped to 7.3%. But this is still higher than the bank interest rate that they are paying for... example, if you earn RM10 additional but you pay RM5 for interest, u still get additional (net RM5) for the expansion... so why not to expand if you have net profit from there?

3) Dividend - he is again very biased and misleading here.. 2013-14 were bad years for Evergreen, we all know and admit that. This was due to the intense competition of MDF makers within ASEAN (as 2006-08 were good years and many new MDF makers ventured into this business can caused over-supply) However, as mentioned by Evergreen management, many small and incompetitive MDF players have been washed out (go bankrupt) during the bad years of 2012-2014 due to losses.. but evergreen as the biggest MDF player in ASEAN with strong footing and experience has weathered thru the storm and grow bigger now.. in fact, they ate up the market shares of those closed-shop small factories,.. so from 2013-14, we cannot expect evergreen to pay dividends during tough years.. why I said he is biased? When Hevea was in deep financial woes during 2009-2010, why did sxckperformer not question: why Hevea did not pay out dividend during tat time? see? he is manipulating his words...

4) Dividend - in latest AGM, Evergreen management has approved to give out at least 40% of net profit to shareholders... so, with the expansion plan almost done (will require less capex, and have more cash)... we can expect more dividend to come.. we invest in the future of Evergreem.. but this joker keeps talking about the past.. and he totally kept quiet about Hevea's past on the bad years.. and when raider said Hevea almost went bankrupt.. what did this sxckperformer say? Trump went bankrupt 3 times but now is a US president.. haha.. funny right? we know it is not end of day for bankruptcy, but we dislike his biased view on evergreen.. Hevea's past was bad, but it is ok.. Evergreen's past was bad, but it is not OK.. see it?

sxckperformer.. see.. i wasted so much time to explain to some idixt like u.. quickly thank me la.. coz i "put money in ur pocket" d...

Posted by Dolly_Chai > 2017-01-09 13:21 | Report Abuse

i have answered all his stupid and manipulated questions, but he has not even answered my one question:

is evergreen a furniture stock at current stage? is it fair to compare its capex intensive business with "pure/mainly" furniture makers which are less capex intensive?

Posted by Dolly_Chai > 2017-01-09 13:22 | Report Abuse

no-balls idixt has been eluding my question and until today, he dares not to answer...
why? bcoz he knows that Evergreen cannot be deemed as a "furniture stock" now due to its low participation in RTA (but the potential for evergreen to grow its RTA revenue in future is really HUGE)... so we are looking at the growth in Evergreen...

Posted by Dolly_Chai > 2017-01-09 13:25 | Report Abuse

sxckperformer asked Tony Fernandes:

Why r u doing aviation business which requires a lot of capex and need to raise debt?

Tony fernandes smacked his head and answered:

some ppl are good at selling nasi lemak, some ppl are good at selling butt (like you)... my expertise is in aviation so i do this business...

if no one do this kind of business, there is no airline...

same thing for MDF... if everyone makes furniture, no one makes MDF.. where to buy MDF?

see how stupid his question is..

Kuo familiy is expert in MDF making so they involve in this business... you ask him to sell nasi lemak? no need a lot of capex, no debt...

Posted by Dolly_Chai > 2017-01-09 13:26 | Report Abuse

currently RTA only consists of 5% of evergreen overall sales.. with that, you define "current" evergreen as furniture maker.. that is really brainless...

Evergreen is still mainly a MDF maker so you are comparing with current furniture maker..
can you be sharp enough? why are u so dumb? speechless...

here is a scenario:

sxckperformer sells nasi lemak at his stall everyday... but one day a gxy guy paid him RM1 and he sold his butt (jual punggung).. just one time ya..

even though his major business is selling nasi lemak, but he defines himself as full time butt-seller.. wah... his definition is really speechless to me...

Posted by stockraider > 2017-01-09 13:45 | Report Abuse

GOOD ANALYSIS DOLLY...!!

Posted by Dolly_Chai > 2017-01-09 13:46 | Report Abuse

i am sharing some fundamental analysis (to put money into sxckperformer's pocker now)...

his observation (purely looking at the debt and conclude that Evergreen has trouble with it) is shallow and of kindergarten class/grade. We should perform a more detailed analysis which also involves its free cash flow...

let me show him:

Based on latest balance sheet:
1) Net debt/Equity = 75.435M/1,111.168M= 0.0679 or 6.79% net debt/equity. Is this not manageable? is this not healthy? Compare with 2015, net debt has actually reduced.

Based on average FCF of latest 3 years (2013-2015) - to reflect a more accurate average value
2) Free cash flow Yield (CY = FCF/MC)
Net cash generated from operation (2013)=52.053M
Net cash generated from operation (2014) = 84.906M
net cash generated from operation (2015) = 119.913M
- average net cash from operation = 85.624M

CAPEX (2013) = 40.907M
CAPEX (2014) = 21.595M
CAPEX (2015) = 93.278M
- average CAPEX = 51.927M

Average FCF = net cash from operation - CAPEX = 33.697M

market capitalization (MC) = RM0.97 * 820.607M shares = 795.99M

Free cash flow yield (CY) = FCF/MC = 0.0423 or 4.23% (>4% which is good)


This means that every RM1 you invest in Evergreen, you receive cash yield of 4.23% which is better than normal FD rate...
~~~~~~~~~~~~~~~~~~~~~~~~~~~

if you really observe well, you can see that their net cash from operation keeps increasing, while net debt has reduced as compared to last year.

i doubt if this sxckperformer really understands fundamental/value investing well? before he comments and shows his shallow & twisted "facts", i suggest he better learns more on free cash flow first...

Posted by Dolly_Chai > 2017-01-09 13:51 | Report Abuse

RAIDER... i tell facts, but sxckperformer manipulate "half facts"...
he just talks about the manageable debt (which is only 75.435M/1,111.168M= 0.0679 or 6.79% net debt/equity) without looking at the free cash flow Evergreen is generating every year (after deducting the Capex).... a company with healthy cash flow (free cash flow) every year has risk of going brankrupt?

If yes, Evergreen already bankrupt in 2013-14 when market was very bad....
but the fact is, Evergreen weathered that bad time and now has grown stronger.. and will be evern stronger going into 2017-18... and that is what we investors like.. huge growth potential with healthy balance sheet...

Posted by starperformer > 2017-01-09 14:58 | Report Abuse

2 of these jokers are heavenly paired together or having split personality disorder. LOL

Posted by starperformer > 2017-01-09 15:04 | Report Abuse

Provided u a list of related stocks previously and everyone can see that Evergreen is indeed an underperforming share. Why is that so? I've highlighted many times in the past and people can check back from my previous postings. I've hand-picked HEVEA and HOMERIZ because these 2 are in solid financial standing with lots of readily available cash on hand for futher utilization. Look at the share price of those companies as proof.

Posted by stockraider > 2017-01-09 15:05 | Report Abuse

hEVEA OVERVALUE....HOW MANY TIME RAIDER SAY LEH ?

Posted by stockraider > 2017-01-09 15:07 | Report Abuse

THUS DON BRING UP GRANDFATHER HISTORY LOH..!!

IT IS NOW HEVEA RM 1.55 CAN PERFORM OR NOT ?
AND EVERGREEN RM 0.97 CAN PERFORM OR NOT ?

WE TALK FUTURE MAH....IT IS WHERE U MAKE MONIES LOH...!!
IF NO CONFIDENT OF THE FUTURE SHUT UP LOH...!!
DOLLY & RAIDER VERY CONFIDENT EVERGREEN MAH...!!

Posted by starperformer > 2017-01-09 15:12 | Report Abuse

Using NTA alone to value a stock is just bare wrong. U can see it yourself on many other stocks that their share price are even multiples of their NTA.

Posted by starperformer > 2017-01-09 15:13 | Report Abuse

LOL...Does Hevea not performed? How does Evergreen performing? Should call it Everred

Posted by starperformer > 2017-01-09 15:17 | Report Abuse

I won't repeat what I said. U can check back my past comments. In fact, I've not talked only debts but other aspects as well.

Dolly zai, be careful when I reveal surprising facts about Evergreen and u should have thanked me for that.

Posted by stockraider > 2017-01-09 15:17 | Report Abuse

U buy a Duit kopi shop that have cash Rm 85,000 for Rm 155,00...then u come and tell raider this duit kopitiam is the strongest bcos it got Rm 85k cash ah ??

Use your head lah....u pay rm 155k to get a kopitiam that have rm 85k cash...and tell raider this is the strongest loh...??!!

Raider ask...Not overvalue meh ??

MOST IMPORTANT IS CURRENT PERFORMANCE LOH...!!
EVERGREEN AT RM 0.98 VERY STRONG AND UNDERVALUE LOH...!!

UR HRVEA OVER PERFORMANCE PREVIOUSLY.....THATS WHY OVERVALUE LOH...!!

HEVEA NTA ONLY RM 0.85 ONLY LOH...!!

Posted by starperformer > 2017-01-09 15:19 | Report Abuse

So Hevea's price from 1.15 to 1.58, still not performed well? And Evergreen's price 0.93 to 1.01 is performing better? Wow! stockraider is still cheating even himself.

Posted by stockraider > 2017-01-09 15:23 | Report Abuse

THUS DON BRING UP GRANDFATHER HISTORY LOH..!!

IT IS NOW HEVEA RM 1.55 CAN PERFORM OR NOT ?
AND EVERGREEN RM 0.97 CAN PERFORM OR NOT ?

WE TALK FUTURE MAH....IT IS WHERE U MAKE MONIES LOH...!!
IF NO CONFIDENT OF THE FUTURE SHUT UP LOH...!!
DOLLY & RAIDER VERY CONFIDENT EVERGREEN MAH...!!

Posted by starperformer > 2017-01-09 15:31 | Report Abuse

Stockraider, that Dolly is ur wife, is it? No wonder keep defending u relentlessly. U both must be stuck in it badly. My advice to u both is that there is no point holding to this stock if it doesn't give out dividends.

Evergreen is not generous with dividends as well. The last time was in 2012. In 2016 just RM 0.01 sen div. U wait for it to rebound? It is a losing end.