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2017-07-10 10:56 | Report Abuse
Evergreen last result drop is mainly due to high cost of raw material but set off by thailand market.
As government announce restriction of rubber wood export and the flood in Thailand settled perfectly.
I see no issue here.
Regarding on the issue.
1.) Saudi Arabia and Gulf countries cut ties with Qatar lead to war.
Middle East always facing different kind of issues and wars for past 20 years. If management operates business for so long still can't settle this political risk, this counter already close down for years. Thus, I see no problem on this issue.
2.) Past result not good.
Like I said just now, it is mainly due to their raw material cost. I think guys can view back its annual report to verify this statement.
3.) High debt.
This is due to their business expansion. Same as well, can either view it from the annual report or explain by Icon8888
https://klse.i3investor.com/blogs/icon8888/125782.jsp
Well I currently do not hold this counter. Perhaps can wait until price drop to RM0.86/RM0.865 only enter.
This is my personal opinion, feel free to comment on it.
2017-07-10 10:42 | Report Abuse
Heard that fongsiling just enter this counter? Anyone can verify it?
Stock: [MAYU]: MAYU GLOBAL GROUP BERHAD
2017-07-10 15:03 | Report Abuse
Not really sure about this that's why asking here.
I heard this news from a dealer this morning.