HEVEA, From Hero to Zero 打回原形
HEVEA : 700 Containers Stranded in Korean Port
In October 2015, the MD of Heveaboard Berhad and one of the Executive Directors of Heveapac Sdn Bhd (one of the two main subsidiaries of Hevea) flown secretly to Korea on an urgent basis.
Their mission : to rescue and resolve some 700 stranded containers of particleboard and MDF, held up by the Korean Customs in a Korean port. The reasons cited by the Korean Custom was that these Hevea products infringed, does not conform and or violated the strict wooden products import regulations of the Republic of Korea, as a hazardous product. And these Hevea exports failed to meet this standard.
These stranded containers was held up for a prolonged period of more than a month and further exports that are already on water or about to be shipped were diverted to China, in part to avoid piling up the Korean port with more stranded containers of unapproved and potentially banned import.
Already these 700 containers are costing Hevea the pains in storage charges and potential hefty fines by the Korean Custom. You can picture the immense area required to warehouse these 700 containers. Each 14-wheelers container-hauling lorry that we used to see on the road carries one container. And the Korean Custom is withhelding 700 of them now.
To aggravate the already burgeoning headache, major Korean television network and news agencies started reporting about this news, no thanks to Hevea's Korean importer's competitors who took the opportunity to blow up the issue. Free advertising for the wrong reason, indeed.
I see that some of you may not believe the news that Kannibu has posted yesterday, and possibly this news that I am now breaking cover.
Here is what I propose and my bona fide challenge to Hevea for the sake of clearing the accusation on any of us : Please come clean and speak out in the public if yesterday's report and this report is inaccurate or false. I stand corrected and willing to face the music by any enforcement agencies, if proven otherwise.
I have no intention to benefit from the slide in Hevea shares price, if this article or Kannibu's or the rest of the forthcoming articles that I am currently working on, would cause it on a downward slope. Any one who knows me knew that I don't even have a securities trading or margin account to start with. I am doing it for a friend. I am also doing it to enable the general investing public to see the real picture of what is in Hevea, so that all will have a fair understanding and a fair chance to decide whether to invest, to continue investing or to exit Hevea.
And in the process brings out the culprits and increase the investing standard in Malaysia as a whole.
P. S. : I read with a good laugh that a so-called investing sifu (name withheld to prevent it from public humiliation) in this forum who said that some large percentage of Hevea product goes to the USA. I like to say to him : Go do your homework carefully, before proclaiming the sifu title.
Hevea exports 0% to the USA.
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1 person likes this. Showing 50 of 58 comments
Korea is not Hevea's major destination. The value must be negligible. Hevea's major market are japan and China.
2016-01-07 09:09
U work in Korean custom or send people to all custom in those country Hevea exported to? Please show proof. Newspaper article, link or photo. Anything. Please dont seperate false rumors
2016-01-07 09:25
There was a RM7,953,000 stated in the revenue section of its annual report saying that this amount is derive from USA.
2016-01-07 09:26
korea revenue http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=170049&name=EA_DS_ATTACHMENTS , page 105, only 33m/422m, so small, haha
2016-01-07 09:30
Oct news...... later will 2014 news and than follow by 2013 news... use your head to think please.
2016-01-07 09:31
Boring, Robertl, can you post all episode together? cant wait to see your story come 1 by 1,.....
2016-01-07 09:36
Robetl, instead writing bad word hevea, more useful your sell us more hevea ticket lar!
2016-01-07 09:38
Posted by optimushuat > Jan 7, 2016 09:30 AM | Report Abuse
korea revenue http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=170049&name=EA_DS_ATTACHMENTS , page 105, only 33m/422m, so small, haha
Ans : Optimushuat, you had done a good job. You are really a talented guy. Please contribute more positive information in I3.
Thank you again.
2016-01-07 09:40
I think I will start writing blog to shoot some counter down and buy in after I see how effective it is... jkjk
2016-01-07 10:11
Posted by Ooi Teik Bee > Jan 6, 2016 04:28 PM | Report Abuse
Jtiasa is 1.80 because it is on export stock, earn in USD.
What about Hevea ? Selling to US market, US economy is doing well. All sales are in USD. Is it the same ? If not because of this news, the price of Hevea will also go up.
You should know the result.
Thank you.
Alleged sifu.....
2016-01-07 10:30
I am sorry, I made a typo mistake on Hevea.
Hevea's major market are Japan and China. The sale is in USD.
Let me correct this small mistake.
Thank you.
2016-01-07 11:02
假如开始 hevea 已知道有 container stuck 在韩国， 因为 quality 的问题， hevea 还会一直送 container 过去吗？ 直到 700 container? 700 container 应该是几个月不停的送， hevea 有这样傻吗？ 哈哈
2016-01-07 11:25
If you have such insider news, why didn't you choose to report to SC in the first place, instead of publishing here?
Food for thought. This is the reason why many sifu don't believe you.
2016-01-07 13:21
Who is the sifu robertl mentioned?
P. S. : I read with a good laugh that a so-called investing sifu (name withheld to prevent it from public humiliation) in this forum who said that some large percentage of Hevea product goes to the USA. I like to say to him : Go do your homework carefully, before proclaiming the sifu title.
Hevea exports 0% to the USA.
2016-01-07 13:26
robertl says "He brought Hevea since 2014" in his previous article, but now he says "Any one who knows me knew that I don't even have a securities trading or margin account to start with.".
You words are contradictory man...
2016-01-07 13:28
I believe that the news about the stranded container is a hoax. Too many holes to be patched up. It is just false news to push down the stock price.
Malaysia news media is very efficient and if this is carried in the Korea dailies, it would definitely have been picked up. Think...
And to claim that someone from the public company leaked information out is not credible. The company media manager or director will ignore this talk in the forum as it is a waste of their time to clarify.
If the information is very vital, only the director or top finance staff will know. If other staff know about this then it will be made known to the public. If this piece of news is leaked, it will be investigated and heads will roll. Is there any ?
So far, we have not heard of Bursa started to query the Board of Hevea regarding all these allegation :
1] Civil suits
2] Contingent liabilities arising out of the alleged 700 containers held back by the Korean customs.
So, the conclusion is these are not the truth...
2016-01-07 13:37
Very simple. The author should get clarification from the management and report here before writing this.
2016-01-07 13:50
Indeed, very simple one of the great tool that we get from "mother nature" is so-called "internet" and with few clicks you often can x-check things or learn something new , so far nothing on 700 containers stranded in Korea !!!!
My granda always say to me if you lie , pls lie logically n hv excellent memory n most important do yr homework , ha ha
2016-01-07 14:05
All companies are facing issues every day. It's up to their employees to resolve the problems. Where to find a company that is without issues? If shareholders have to look at the company at every issue, how to sleep comfortably at night?
secondly, is this issue big enough to report it? How large is this in terms of revenue? what's the worst case scenario? Find out from management first before writing.
2016-01-07 14:33
robertl, this time you can't press down the price of Hevea much like you did to Xinquan...
2016-01-07 15:04
So long price and profit of winners still on uptrend, momentum investors should remain invested...if its price can stay resilient or even able to defy all the bad news/general bearish market downtrend could even be a future superstar in the making
2016-01-07 19:41
Dont think investor are stupid ， investor are not stupid 。investor are clever ，dont dream take ticket in investor hand。this is 2016 big ang pau。hevea 万岁
2016-01-07 19:55
BEFORE anyone blaming please go call the management doesnt mean something not written isnt there and vice versa...........this post is a double edge sword can be the truth and can be real
2016-01-07 20:03
Thank you Optimushuat for ino. I checked 2014 Report at pg 103 shows Hevea does export to US and many more countries. So this Roberti is out to dampen the investors. Maybe this felow has been given a 'brown envelope' to bad mouth the CO. So sad he has to earn in this way. Read below attachment to see the amount to Korea
OPERATING SEGMENTS (Continued)
Geographical information
In presenting the information on the basis of geographical segments, segment revenue is based on the geographical
location of customers.
Revenue
2014
RM’000
2013
RM’000
Australia
20,378
16,092
Bahrain
54
–
Bangladesh
–
121
China
78,039
47,979
Europe
7,032
1,476
France
11,285
15,947
Hong Kong
3,628
3,286
India
12,268
20,009
Indonesia
6,011
9,644
Italy
76
215
Japan
147,787
135,268
Korea
33,785
31,622
Malaysia
35,275
40,361
Morocco
2,046
2,713
Myammar
352
428
Oman
2,202
2,049
Philippines
24,543
27,662
Portugal
–
766
Singapore
2,270
1,593
Sri Lanka
3,349
3,510
Taiwan
841
577
Thailand
324
412
United Arab Emirates
6,106
7,624
United Kingdom
13,113
11,636
United States of America
7,953
6,720
Vietnam
853
1,635
Others
2,785
162
422,355
389,507
Major customers
Two major customers with revenue equal to more than 10% of Group revenue, amounted to approximately RM121,378,000/-
(2013: RM112,295,000/-) arising from manufacturing segment
2016-01-07 20:04
Why director Dato Loo Swee Choo disposed? If everything still good he should buy.
http://web1.cyberstock.com.my/masanews/dll/GetMasaNews.dll?NewsId=201601073700162&Theme=99
http://klse.i3investor.com/servlets/stk/annchdr/5095.jsp
2016-01-07 22:15
Ai yo... Robert has delete his part 1 content ....
http://klse.i3investor.com/blogs/heveatimetoalight/
Why delete? Why? ?
2016-01-08 00:35
iswara many forumers praise Hevea is good and the director only own 27 % stake so has room to increase further. Why instead he disposed if Hevea future still bright?
2016-01-08 00:40
I always respect OTB/KC/Icon writing,comment and educate people here..In investing need your need further study & analysis not buy on rumor..(Check google news/statement report/court statement & etc)
For me this article "non sense" & waste time.. but to all reader final decision is yours.
2016-01-08 02:14
robertl.. try lah share educate or share base on fact/analysis/statistic not rumor... its good to read like OTB/KC/Icon
2016-01-08 02:20
maybe sell to reduce direct holding, but buy more indirectly using nominees, third party...left hand to right hand
2016-01-08 09:38
CIMB Marcus Chan has interviewed the management:
https://brokingrfs.cimb.com/E5JRX4r-aC5m2iQUWawnNjWgz0SfPnyUAtGkWg2o3BGcQ75zhBp_npQvV4TY5N9rSk-6oPyEJrqwqvs80.pdf
2016-01-12 15:40
Wah... this Robert anyhow spread rumors .
I think whoever lose money have to blame him
http://www.theedgemarkets.com/my/article/heveaboard-rebounds-allegations-against-it-were-dismissed-frivolous
2016-01-12 23:46
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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....
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2016-01-07 08:59