EVERGREEN FIBREBOARD BHD

KLSE (MYR): EVERGRN (5101)

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Last Price

0.33

Today's Change

-0.005 (1.49%)

Day's Change

0.325 - 0.335

Trading Volume

2,046,700

Overview

Market Cap

279 Million

NOSH

846 Million

Avg Volume (4 weeks)

4,186,236

4 Weeks Range

0.315 - 0.375

4 Weeks Price Volatility (%)

25.00%

52 Weeks Range

0.255 - 0.445

52 Weeks Price Volatility (%)

39.47%

Previous Close

0.335

Open

0.335

Bid

0.33 x 836,100

Ask

0.335 x 100,300

Day's Range

0.325 - 0.335

Trading Volume

2,046,700

Financial Highlight

Latest Quarter | Ann. Date

30-Jun-2023 [#2] | 21-Aug-2023

Next QR | Est. Ann. Date

30-Sep-2023 | 29-Nov-2023

T4Q P/E | EY

-3.74 | -26.77%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

1.20 | 0.28

T4Q NP Margin | ROE

-8.78% | -7.38%

Company Profile

Sector: INDUSTRIAL PRODUCTS & SERVICES

Sector: INDUSTRIAL PRODUCTS & SERVICES

Subsector: WOOD & WOOD PRODUCTS

Subsector: WOOD & WOOD PRODUCTS

Description:

Evergreen Fibreboard Bhd is a furnishing company based in Malaysia. It is one of the leading worldwide producers of quality engineered wood-based products consisting of Medium Density Fiberboard and Particleboard. It also has under its portfolio downstream products such as Paper, Veneer, Printed, Melamine Board Laminations, RTA Furniture, Sawn Rubberwood Timber, Biomass Wood Pallets and up-stream products like Resin and its own Rubber Trees Plantation. The company's manufacturing facilities are located primarily in Malaysia and in Thailand and Indonesia and it derives its revenue from the sale of medium density fiberboard and other wooden products predominantly in the United States.

Discussions
7 people like this. Showing 50 of 11,496 comments

sengtan

Two days rebound and now selling pressure again!. I think with US in recession, demand for furniture ( optional item and can be defferred) will be affected. Evergreen sales will be affected accordingly. HLI have target of RM0.61. May be the actual value could be much lower. It is anybody guess

2022-10-05 16:04

lianbc12

Fair price for this counter is 0.30

2022-10-05 19:49

Fuyohhh

Ipo price 0.25 and fair price 0.30? Duh going to miss the boat soon when the qr not as expected bad then shall see shoot up

2022-10-06 01:33

nelsonlim

evergreen interesting also

2022-10-17 15:25

nelsonlim

evergreen if reach tp 45c is possible. as in not pluck from the sky type la

2022-10-17 15:27

nelsonlim

43-45c. a easy 10-15% perhaps. dont expect 60c 80c rm1 la...

2022-10-17 15:27

nelsonlim

I am giving more to this community. Thank u god

2022-10-19 09:35

nelsonlim

43c come on

2022-10-19 10:16

nelsonlim

global macam kantoi je!!!! bull is dead?

2022-10-19 14:26

cedcan

Haiyo, what happen?!

2022-10-20 11:06

Superb99

ini another con stock...1 day show only

2022-10-25 18:46

Superb99

If no price appreciation, fundamental good also pointless

2022-11-10 00:44

sengtan

any reason for ytd surged ?

2022-11-16 08:39

Superb99

always stuck at 0.41 level, ngeri counter

2022-11-16 14:57

scaniaz

Jom!! :D

2022-11-24 09:48

sense maker

From the latest quarterly results, the company biz and profits remained good. Maybe slowdown has yet to set in, but when it comes it should be mild and swift in passing. Going forward, this company generates RM150m operating cash flow a year with insignificant capex, now selling to you for RM360m. This company should be trading at around RM1b market capitalisation or RM1.18 per share, now that it has expanded its downstream biz, started moving its fibreboard manufacturing to Indonesia and completed internal cost structure rationalisation. The current share price looks very appealing.

2022-12-07 12:58

firehawk

2 Comment on Material Change in Profit Before Taxation Against Preceding Quarter
Current / Immediate Quarter Preceding /Quarter Changes
30-Sep-22 30-Jun-22 RM’000 RM’000 %
Revenue 253,532 330,111 -23.2%
Operating Profit 60,518 89,654 -32.5%
Profit/(Loss) Before Interest and Tax 20,968 24,341 -13.9%
Profit/(Loss) Before Tax 19,537 23,127 -15.5%
Profit/(Loss) After Tax 15,203 18,339 -17.1%
Profit/(Loss) Attributable to Owners of the Company 15,203 18,339 -17.1%

The current quarter revenue decreased by 23.2% to RM253.53 million, as
compared to RM330.11 million recorded in the preceding quarter. The decrease in
revenue was mainly resulted from lower average selling price and sales volume
from panel boards.
The Group’s profit before tax was reported at RM19.54 million for the current
quarter, compared to RM23.13 million recorded in the preceding quarter. The
decrease in profit before tax was mainly due to lower sales.

2022-12-31 20:22

Jeremy_Chew

@sense maker, i agree with you. EVERGREEN is one of the most under-rated companies in Bursa. It can make around 8sen EPS in a full year and just do a simple valuation at PE of 10, it should at least worth 80sen in the share price. Buying the share at below 40sen has huge potential to make great return up to 100% return

2023-01-06 12:18

sense maker

Look at the total cash flow, the cash profits and EBITDA it generates each year, not just earnings or PE. Depreciation expense a year which is non-cash is RM0.09 a year. Look at how its cash balance grew over past years, and into future when capex needs diminish. Keep accumulating and hold tight till RM1.

2023-01-06 17:34

sense maker

RM60m impairments and write-offs at year end. Excluding the foregoings, the company broke even ie didn’t make or lose any cash from operations in latest quarter. Orders have shrunk a lot amidst falling selling prices. The company’s return to positive accounting profits depends entirely on recovery of global furniture demand.

2023-02-27 20:16

sense maker

The company generated RM116m operating cash in 2022, an improvement of RM5m over 2021. Shareholders would hope 2021 dividend of RM0.015 will be maintained for 2022, to be announced in Apr 2023.

2023-02-27 20:17

firehawk

Q4,2022,
The Group’s revenue for the quarter ended 31 December 2022 decreased by 33.1%
or RM95.17 million to RM192.32 million from RM287.49 million recorded in the
preceding year corresponding quarter. The decrease in revenue was mainly resulted
from lower average selling price and sales volume.
Loss before tax was reported at RM74.15 for the quarter ended 31 December 2022 as
compared to profit before tax of RM15.49 million recorded in the corresponding
quarter of the preceding year. The loss was mainly due to lower foreign exchange
gain and non-cash losses such as impairment of plant, machinery, inventory and
goodwill and loss on disposal of AOC as explained in Malaysia segment and
Thailand segment above.

2023-02-27 21:10

firehawk

For prudent investors, can just check the Quarterly Revenue of the last 10 years, you will find something very interesting .......

2023-02-27 21:21

Jack King

Buy this share at low price now.

2023-03-04 14:00

sense maker

31 sen is cigarette-butt price. Demand for its products will recover after a quarter or two. In 2022, this company still made RM116m operating cash. In 2023, maybe just RM20-30m. But in 2024, it should rise to around RM80-90m. Buy when others are fearful.

2023-03-04 16:51

curiousq

Yes! Is very cheap now!! No need to afraid, just buy! sifu already said, 31 sen is cigarette-butt price .... Buy when others are fearful. buy anything below 0.40 .... BUY NOW!!!

2023-03-07 09:39

blueblues

Hi, with today's closing at 0.29, any situ got any comments or advice?

2023-03-09 17:44

sense maker

A lot depends on whether the company will manage shareholders’ expectation by giving dividend of at least 1-1.5sen, to be announced by end of next month. If it can give 5% yield at current market price, most shareholders will support and won’t sell their shares.

Q4 2022 struck the company very hard as some inventories in hand were sold subsequently at a loss, triggering some inventory impairment. This shows the company’s biz model isn’t very resilient and is subject to huge fluctuations in their product demand. The coming quarterly results in May are important as shareholders would like to see that the company at least stop bleeding operating cash, ie sustaining net losses of less than RM17m. The slowdown in order is very severe but the moment the company can guide via prospect commentary that recovery is insight, the share price will recover in tandem. But this company’s share always moved way before quarterly results announcement, so you may wanna give this company at least 2 more quarters before it can return to profitability.

2023-03-09 19:08

sense maker

Price is recovering. Though next two quarterly results will likely be bad, recovery can be expected in Q4 2023.

2023-03-30 14:45

alibiii

actually most of the losses/impairment are non-cash items. the cash/debt position for the company is actually improving this year

2023-03-31 17:00

alibiii

net debt now only about 30mil compared with nearly 130mil 3 years ago

2023-03-31 17:04

UnicornP

Improvement in sales seen in upcoming quarters.. How?

2023-05-31 19:36

Newplayer01

Hope this counter can wake up

2023-06-02 22:05

UnicornP

🔊

2023-06-12 13:29

UnicornP

2023-06-14 11:39

alibiii

net debt now less than 20mil, probably will be net cash by end of the year

2023-06-16 10:09

UnicornP

A lot of potential until the next four months.

2023-06-16 11:43

UnicornP

Watch out for tomorrow

2023-07-06 20:23

UnicornP

Getting some @ 285

2 months ago

Newplayer01

Oh god, finally my baby wake up😆😆

1 month ago

Mak_kiah

Come on baby

1 month ago

Newplayer01

Sabar dulu🤣🤣 Party baru nak start🥳🥳🥳

1 month ago

ahyen10

Ini kalilah..

1 month ago

Jack King

You had been told.

1 month ago

Newplayer01

You all so naughty, sembelih my baby.

1 month ago

bapak_koko

no more show 😪

1 month ago

Jack King

Must buy

3 weeks ago

DividendGuy67

Personally, I wouldn't chase. I am selling into strength, because my hypothesis is:
- Last time Aug 2020 (Covid), after downtrending and after breaking out above the 200dMA, it zoomed up without much retracement, so ...
- This time, alternation principle i.e. same conditions, it will retrace back strongly ...

Market rarely repeats, but rhymes.

I will buy back when it retraces.

3 weeks ago

sengtan

Wonder any reason for today's spike in share price

1 week ago

Jack King

World market for timber products is going up.

1 week ago

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