Hevea, Time to Alight 亿维雅，是时候下车了！
HEVEA : Please Tell Us How Many Was It
I am honoured that I managed to cause CIMB Research to come to the rescue of Heveaboard Berhad's shares slide hoo-hah over the past few days.
Not that I enjoyed wiping out some RM 162,000,000 of Heveaboard's market capitalisation over the last few sessions, but I find it my obligation to tell in the public when I see things are not done the Corporate Malaysia way.
Obviously, CIMB Research's Marcus Chan is duty-bound to initiate the conference call with Mr. Yoong Hau Chun and some institutional clients, as he was an avid promoter of Heveaboard even prior to the latter contemplating to embark on a Subdivision Exercise way back in May 2015.
I used to be a guest of Heveaboard's many luncheons and have in at least one other occassion seen Marcus Chan dining with Mr. Yoong Hau Chun at Kampachi Japanese Restaurant in Pavillion KL, in the presence of Mr. Lim Kah Poon, an "Independant" Director of Heveaboard.
I am not privy to what the three have discussed, but I take it that it was for Marcus Chan to gather Heveaboard's management input or business outlook in order for him to release any research papers or Buy Call on Heveaboard.
Before I would raise another damning concern about Heveaboard, let me make a honest apology on a mistake I have made about the 700 containers stranded in Korea.
As clarified by Heveaboard management through the said CIMB Research of 12/1/2016, Heveaboard did not specifically said how many containers were held up, but went on to said that the 700 containers debacle is untrue, nonetheless.
However, there is no denying that the non-conformance issue does occurred, indeed. CIMB Research elaborated on the situation as explained by Heveaboard management and said that the issue has since been resolved.
But no one, not even CIMB Research in its 12/1/2016 paper, can confirm the number of stranded containers. Henceforth, my humble and honest apology will be that it is not 700 containers stranded in Korea.
So how many actually stranded?
If you read CIMB Research paper, it said "...as Korean E1 testing standards differed slightly, Hevea delayed shipment to Korea pending clarification of its new testing standard....". Mr. Ganneneh in his blog HEVEA : Answers from the Founder Yoong Tein Seng (Tenson Yong) enlisted his email exchanges with Mr. Yoong Tein Seng (Tenson Yoong), father to Mr. Yoong Hau Chun. In it, Tenson Yoong said it was 20 containers (700m3) landed and stranded in Korea.
CIMB research also said : "....Hevea delayed shipment to Korea pending clarification....". In other word, I may have gotten the figure 700 containers right after all, simply because we do not know for sure now how many containers were delayed in its Gemas plant, which are made, delayed and destined for Korean customers.
Was it 20 containers stranded in Korea and 680 containers stranded in Gemas?
I stand corrected, Mr. Marcus or the management of Heveaboard.
My next article on Heveaboard : Possible False Statement in Annual Report 2014, a serious offence under CMSA 2007.
Publishing before today's market close or tomorrow morning before market opens.
More articles on Hevea, Time to Alight 亿维雅，是时候下车了！
HEVEA - Potential Act of Criminal Breach of Trust (Series Two) 失信疑案（二）
Created by robertl | Jan 27, 2016
HEVEA - Potential Act of Criminal Breach of Trust (Series One) 失信疑案（一）
Created by robertl | Jan 25, 2016
Discussions
1 person likes this. Showing 50 of 110 comments
robertl want to collect cheap or competitor business. waste time read your blog...one picture can tell many story...if your have experience in international trade. Dif country also have different testing & method.Let them solve their internal problem. The important is empirical data like financial statement/audit report/testing report. We have SC *& Bursa to monitoring them.
2016-01-13 19:11
My eye not so good cannot take a proper photo ok
You know I'm aging fast need to hire top free lancer to help me on this
See you complaint my photo is blurry actually I need to use special instrument to read and write
2016-01-13 19:11
Don't chase him off. I wanna read remaining of the story.
Batman of Bursa, please don't disappoint me.
2016-01-13 19:12
Again no facts but creating fear. No wonder, Warren always the winner in long run as he does not fear of rumors.
2016-01-13 19:13
When I hold the camera
My hand is very shaky and the camera is so high tech I couldn't understand how to handle it like a professional
2016-01-13 19:13
Official statement by HeveaBoard:
"The Company reserves all rights to take legal steps"
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4974797
2016-01-13 19:19
robery used to lunch with the Heveaboard Directors.....now he is not on thier invitation list. throwing tantrum
learn to take rejection gracefully like a gentleman instead of being a squealer!
2016-01-13 19:28
I am just afraid...people like RobertL is going to destroy freedom of expression we have in i3....
think about it...where else can we have such freedom?
if frequently misused...and it gets into the attention of influential organization...i3 may even get fully banned (we can't even have opinions from KYY then!)
I suggest people like Robertl to be more responsible and behave more wisely.
Don't behave like thugs..
2016-01-13 19:29
Hevea please don't play politics with "us"
Yeah it is "us" demand the number and the answer from the top management
If you don't come up with the demand as soon as possible we will settle it on court
2016-01-13 19:31
Yes, he should learn how to behave.many people richer than him also won't act like him. Be humble.
2016-01-13 19:31
Hevea only has one team consist of few skinny army and a few stick and rock wooden shield and pot how to fight us, we have cannon, gun, grenade, rocket launcher, anti laser shield, full body armor, all the highest grade equipment.
2016-01-13 19:37
The feedback letter from the Hevea can't even stand a chance on our superior bastion
2016-01-13 19:40
whether or not Hv is a bad and/or overpriced stock, time will tell...as nobody can keep a bad counter up for long, or keep winners down for long too...winners will win
Market forces and time always prevail
2016-01-13 19:52
robertl =PlsGiveBonus...pls give more bad news i want to collect cheap price tomorrow rather than police report/SC/Bursa
2016-01-13 20:30
The edge daily also stand with Hevea
Robert got anyone stand behind him firmly?
2016-01-13 21:46
^ Robert is legend Im just a fish monger behind the wet morning market
Can't even come close to him
2016-01-13 21:47
Robert also got many Dato' stand firmly behind him
He has ball of titanic crunk Norris also beg for mercy
2016-01-13 21:51
I did mentioned it notlong ago before
He has the power to turn the market upside down
It is legendary skill only a few selected elite can make it happens
2016-01-13 21:57
Crunk Norris can't stand a chance to his breath it release terrific aura
And when he speak Crunk Norris wet his pant
2016-01-13 21:58
Can you imagine what if he show his trump card
I think even the management has to beg for mercy
2016-01-13 22:01
If you can link all the threads together you will see he planned something big resort for the last moment
2016-01-13 22:04
If you are brainless and does not know where your articles will lead you do, ignore the criminal aspect of the law, dare to lie and with a bit of writing skill, I am sure you also can be a legend. Maybe a greater one.
2016-01-13 22:06
The management can only verbally challenge him on news, but they couldn't do anything more than a public show, what he can do is far beyond any wildest dream could imagine
2016-01-13 22:08
If you think Robert will deal with it and let the case to close, may be you just get into his trap
2016-01-13 22:14
You forgot he and his group did the same trick to Lii Hen. Did they succeed? Can you remember what they did? Look at the price of Lii Hen now, strong and friendly. We should not praise and encourage criminals. Praise a hero like Neoh Soon Kean lah.
2016-01-13 22:14
When everyone is happy and celebrate the good news
Robert has already planned his next step
2016-01-13 22:16
It always come by surprise when you are least expected and it will immediately hit the weakness without any mercy
2016-01-13 22:18
This trump card will reveal the very serious mistake did by the Hevea themselve
I believe it can weigh a ton
2016-01-13 22:28
Hevea has to do something before it happens
That is why they couldn't keep silent today
2016-01-13 22:30
Hevea knew it themselve better than anyone else besides Robert also know it
It is something the edge daily and CIMB has no ideas about it
2016-01-13 22:31
Do you even think why the management has to deal with a forumer in a not very famous portal?
They didn't has better work to do?
Is it their jobs to investigate anyone and every messages leave by anyone?
2016-01-13 22:35
Management obviously knew the next explosive reveal will lead the group to a no turning back earth shaking damages to the company
Before it happens they need to build confident first, so when it strike we should be well prepared and readily to absorb any blow dealt
2016-01-13 22:41
Because of the photo is so blurry I couldn't tell what will it lead to but the management obviously has better idea than anyone else
2016-01-13 22:43
Time to get some rest
I smell tomorrow will be another tough day
Some good rest and good dinner will make your life easier if not by a small fraction
2016-01-13 22:52
yktay1: You guys are too emotional. Didn't you realise that most of Robert's 'revelations' have some truth to it? I.e, the civil suit, the containers.. If it weren't for Robert, management would not have bothered to disclose any of these.
To bring Robert to court, Hevea will have to reveal even more things they did not want to disclose in the first place to prove that Robert is slandering the company. Do you think that is a wise decision?
2016-01-14 08:59
Publishing before today's market close or tomorrow morning before market opens.??
Robertl, lost your balls ??
2016-01-14 09:41
Sounds very similar that the whole country is leaving in such culture fr politician to corporate world .........oh well !!!
2016-01-14 09:54
Agree with yktay1. Hevea did not need to response as it dares not file any lawsuit against Robert as there was no proof that Robert defame Hevea. Just the CIMB guy wanted their hevea shares to go up not go down, so he has asked hevea to do something lah. The more they do, the more the leaks.
2016-01-14 15:50
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hamster1
robert can now join the ranks of jibby and Arul of 1MDB
2016-01-13 19:04