EVERGREEN FIBREBOARD BHD

KLSE (MYR): EVERGRN (5101)

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Last Price

0.315

Today's Change

-0.005 (1.56%)

Day's Change

0.31 - 0.32

Trading Volume

447,900

Corporate Figure or Shareholder
Discussions
7 people like this. Showing 50 of 11,509 comments

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

2023-07-20 14:13

Newplayer01

Oh god, finally my baby wake up😆😆

2023-08-15 14:58

Mak_kiah

Come on baby

2023-08-15 22:13

Newplayer01

Sabar dulu🤣🤣 Party baru nak start🥳🥳🥳

2023-08-15 23:48

ahyen10

Ini kalilah..

2023-08-16 16:28

Jack King

You had been told.

2023-08-16 17:35

Newplayer01

You all so naughty, sembelih my baby.

2023-08-17 11:29

bapak_koko

no more show 😪

2023-08-17 12:12

Jack King

Must buy

2023-09-07 17:01

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.

2023-09-07 22:41

sengtan

Wonder any reason for today's spike in share price

2023-09-26 11:18

Jack King

World market for timber products is going up.

2023-09-26 16:53

Mak_kiah

alright alright.

2023-10-12 09:40

berfikir

buy some...look something nice

2023-10-20 11:17

Dehcomic01

There are several product categories under the timber/wood-based products sector. The common characteristics is that they all use timber/logs as the ultimate raw materials and would be considered a cyclical sector. I screen for companies in this sector by looking at their performance relative to Eksons and Taann where I have detailed fundamental analysis. In this context, I would not consider EVERGRN past few years ROE to be better than those of Eksons. I have concluded that Eksons is a cash holding value trap so I would not dig deeper into EVERGRN

2023-10-21 09:03

emiteno

RECOVERY MODE...

2 months ago

Jack King

Up and coming!

2 months ago

Tanleechoo

Sleeping 😴

2 months ago

mkmk

japan earthquake will push it up...

1 month ago

Stead

No sign of substantial improvement… but 1 sen dividend can be expected

1 month ago

Blue Tulip

EPS for the coming earnings will definitely improve by leaps and bounds.

1 month ago

mkmk

Time to go up…

1 month ago

emiteno

TIME TO COLLECT LOW

1 day ago

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