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haha.. CKCS = Holland_Chai = starperformer... from the way they comment, it is quite obvious...

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niki.. i partially agree with what you said... target set vs target achieved are 2 different things..
but ask urself, if a company is very conservative and does not even dare to set a target, will it have a good expansion plan to grow?

Remember Gtronic? A few years back, ColdEye pointed out to investors that he read this in their annual report that the company is targeting to hit xxx revenue in a certain period (i forgot how much)... in the end, the company really strived hard and finally met that target... the share price went up a few folds...

We all like companies with vision and ambition to grow.. or course, the cost of expansion cannot exceed the value it gets from the expansion, else, it is value-destruction... based on what we see so far, Prlexus is creating more value than the cost of expansion (CAPEX) so they are in good shape...

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read this: page 9
http://evergreengroup.com.my/data/568/uploads/EFB%20Corporate%20Presentation%20-%20March%202016.pdf

MDF
 Isotropic, so no tendency to split
 Consistent in strength and size
 Excellent substrate for veneer,
paper foil, melamine and easy to
finish (i.e. paint)
 Flexible and shapes well (profiling)
 Less expensive than solid wood
 Used for internal panelling, building
material, doors, furniture,
packaging and industrial


Particleboard
Lighter and lower cost than plywood and MDF
More uniform than plywood
Can be laminated with veneer, paper foil and melamine to improve surface attractiveness
Mostly used indoors and suitable for furniture especially cabinets

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Good to see we have another smart and sharp investor here - CharXiuBao... welcome pal...

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haha.. thanks Raider for adding Answer #D... haha... really lmao...

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haha.. clap clap for Apollo for his chun chun prediction...
i am not bomoh, not God... i dont have a crystal ball in front of me to tell me how to predict short term...

i just know long term value based on FA analysis...

Apollo.. pls point to us which info in the jobstreet post Skliew showed was wrong? It is obvious it is a job vacancy advertisement posted by Prlexus... which part of it was wrong? pls enlighten and educate us... thanks

haha... another typical : I told u all before.. see... bla bla bla...

Acted like a noble savior to save us from losing our money in share market.. wah.. so noble...

AKUMAUKAYA... Apollo bukan nak gaduh.... dia mau kaya macam you juga.. itu pasal dia sengaja sabotage Prlexus.. lepas tu mau beli murah murah mah... haha

Chong... if you invest in HSL, you may need some patience.. but since you are a FA guy too.. i think that should be fine for you...

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Apollo Ang.. I have not seen a single constructive comment made by you, which is supported by real fact... On the contrary, folk like Skliew has shown us real fact...

Which point/info that was shared by Skliew was wrong?
If you act like a mature adult, you should point to us which part of it was wrong instead of simply talking nonsense like that...

i really wonder what your intention/personal agenda is...

oh ya.. your answer can be of any combination of A, B & C

I go first... I think my answer is A..... he is a very noble guy... let's give him big hands....

Let's do a quick poll.

Statement of argument: Why is CKCS spending so much time here in Evergreen forum as he apparently is not interested in this share.

Answer A: He is a noble savior of the world. More noble than aung san suu kyi. He wants to save investors from losing money in this share, even though he earns nothing from this share.

Answer B: He has his own agenda. He wants to sabotage Evergreen. Then he wants to collect the share at cheap price.

Answer C: He is very much STUCK in Hevea. And he is very naive. He feels that Evergreen is a direct competitor to Hevea and by sabotaging Evergreen, Hevea price will go up (hahaha.. i must laugh for this one.. sorry...)

someone said before in this forum:
Both Raider and CKCS are hardworking and smart...
sorry, I only agree partially..
both of them are hardworking, yes...

Raider is hardworking in providing real facts to defend Evergreen. He is of no doubt a smart guy.
But.. CKCS is hardworking in creating fake & tweaked info to sabotage Evergreen. The kindergarten kid who lives next door to me is smarter than CKCS.

and yet.. he ignored the fact we showed him, and keep singing his old-time favourite Andy Lau's songs...

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CKCS is a never grown up and super thick face kid... despite being totally slapped in his face (with the actual facts we have provided), he still does not want to admit his childish word-twisting cheap acts...

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Some sharing on my latest calculation on the intrinsic value of SUCCESS:

Assumption: Q4 2017 is same as Q3 (which is a very conservative estimation as Q3 is the softest among the 3Qs in 2017).

Assume EV/EBIT = 10, EV wil be: RM701.910mil
Market Capitalization (MC) will be: RM663.065mil

Intrinsic Value based on EV/EBIT = RM5.7732

Assume PE = 12, Share price = RM4.763765542

Average (PE & IV) selling price = RM5.2685

I normally take the average of PE valution & EV/EBIT... this is my own method, of course there are other methods...

But a high level view shows that the share price should be around RM4.76 to RM5.77.

Let's take the average of RM5.27. Today's price = RM3.63
margin of safety = 45%

Other valuations (trailing 3Q 2017+ estimated Q4 2017 result):
EY = EBIT/EV = 15.17% (Excellent)
ROIC = EBIT/IC = 21.47% (Excellent)
ROE = 15.64% (Great)
FCF at Mar 31st 2017 = RM54.363mil, CY = 12.83% (Excellent)
Price/Book = 1.45 (OK)
Operation cash flow/net profit = 1.31 (great)
FCF/invested capital = 16.63% (excellent)
FCF/Revenue = 13.76% (excellent)

Skliew, I really have to salute you... this kind of info (from jobstreet) also you were able to garner... u really did a lot of homework... thumbs up.. haha


Skliew https://www.jobstreet.com.my/en/job/3315710?fr

MARKETING GENERAL MANAGER
HONSIN APPAREL SDN BHD

TARGET TO GROW THE SALES FROM US$ 100 MILLION TO US $ 300 MILLION

CLOSING DATE : 14TH JULY 2017

Lee Yih Yeong, perhaps you are new here... let me explain to you.
The export ban is on rubberwood, which is a raw material for making MDF and other wood-based products. There is no ban on the finished product like MDF, particleboard or RTA.
A ban to export rubberwood to oversea countries is good to Evergreen as the rubberwood has to be sold mainly in Malaysia (maybe can still be exported if the local supplies are more than local demands)...
but anyway, in current state, there is shortage of rubberwood (as a raw material) in Malaysia because the rubberwood producers prefer to export (can see at better price)...
Now, they can no longer export and have to sell within Malaysia with lower price.
This is good news for Evergreen as their raw material costs will be reduced.
Of course, this is bad for the rubberwood producers.

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from all his low-class, unstructured and tweaked non-facts, we can tell what a mean person he is...

haha... i am only seeing one greenhorn here all the while.. but this greenhorn is trying to act like an expert, and trying to give "valuable advice" to others who are obviously more sensible and logical and fundamental than he is in terms of investing... haha... ironic right?

CKCS (another ID of starperformer, to me: just a "sxckperformer".. there are a few more IDs he created, i just could not recall) - let me tell you what. Icon8888 is my another ID, satisfied with my answer? haha.... oh ya...Chong Jiunn Hau and all others who supported Evergreen is this forum are IDs created by me... satisfied?

Sorry Icon and the rest... ignore what i said here.. I just wanna satisfy loser like this who accused me of using multiple IDs..

A loser is not one who loses.
A loser is one who loses yet wants to win badly despite being knocked out totally with facts

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and what is the "net cash generated from operation / net profit" ratio for evergreen?
check all this before you claim that Evergreen has cash flow issue... he even spread rumour that Evergreen is going to bankrupt soon based on his stupid biased statements... haha...
how can a company with healthy balance sheet and strong cash flow can go into bankruptcy?
Again, Icon has pointed him wrong in his article about that...

then he spread stupid rumours again that Evergreen is siphoning the money out due to the heavy CAPEX back in 2015 and 2016... again, Icon proved him wrong...

why didn't he respond to all these that we countered him?

just one answer:
he cannot... he has not point/fact to fight back.. so he keeps on acting like a thick-face clown shouting here and there with no point.. sigh... a kid that never wants to grow up...

well well, where is your so-called MASSIVE debt shouting again? haha... when a retard does not even know how to interpret balance sheet, here comes all the so-called massive debt...
i also asked him before, do you read cash flow statement? do you know Evergreen has great FCF? what is the cash yield of evergreen? He does not even understand what i was talking about but yet acts like an expert.. yes.. retard expert to me.. how pathetic...

ok, go on with ur biased and manipulated "advices"... haha

when a retard can't even provide any solid fact to support his tweaked info & nonsense, he will start all sort of insulting... that is pretty much expected from a low class loser...

haha... a retard calling other as ktard.. typical retard...

haha... Chong Jiunn Hau, it is ok... child/baby needs time to grow up... and since he is very used to creating multiple IDs, in a common sense, he would have thought others to have done the same like he did...

CKCS and ConquestadorResearch (possibly the same person with diff ID) are just losers who cannot provide facts to counter what we said... I pity them very much

Great job icon. in fact, I had mentioned all of what Icon highlighted in his article. Just that icon did a very good job in consolidating this info in one nice article.

Just to add one more point:
The Evergreen management had indicated that the CAPEX for 2017 onwards should go down to around RM40-50M a year. Having said so, most of the CAPEX had been allocated in 2015 & 2016 for the expansion of new RTA and particleboard lines. And we can expect to see much better free cash flow (FCF) down the road...

guys... I have seen enough nonsense that this loser CKCS (previously on another ID called starperformer, but to me : sxckperformer) posted thus far, for months...
Raider and some other folks here have seen the same too...

CKCS is just a typical mommy-boy loser who is crying loud like a baby now... haha... all his biased and tweaked info/statements have been fully debated and proven wrong by many of us in Evergreen's forum; yet he is not willing to admit his wrongdoings. We suspect he has his own agenda in doing such sabotage on Evergreen.

Our question is simple: if he has not been very interested in Evergreen, why is he even spending so much time here?

I can only think of 2 reasons:

1) He is heavily invested and stuck in Hevea. From the posts he put up, we can see that he started to promote Hevea while it was trading around RM1.55. So in his wishful thinking, by sabotaging Evergreen, Hevea price should go up. Yes, Evergreen is an emerging threat to Hevea in particleboard and RTA business so he is worried. But he is just too childish to think that his trick would work... who is he to have such an influence to the share price?

2) Or he is just very interested to buy Evergreen, but at much lower price. Again, he over-estimated himself that he thought the possesses the influence to push down the share price...

what a little never-grown up boy... feel sorry for his parents... haha

CKCS is just a typical mommy-boy loser who is crying loud like a baby now... haha... all his biased and tweaked info/statements have been fully debated and proven wrong by many of us in Evergreen's forum; yet he is not willing to admit his wrongdoings. We suspect he has his own agenda in doing such sabotage on Evergreen.

with such mentality and attitude, l doubt if u can even be successful in ur investment... and from what i noticed, u r likely to be living alone as no one can ever stand ur stupidity (acts like expert but sxcks big time as a loser)

wake up kid... u r just a loser who wants to win every single argument... but u dun win any real or physical thing in ur life... wake up and move on idiot...

pathetic loser CKCS is doing some childish kindergarten job by tracking my comments and trying to haunt me like a sissy... haha... feel sad for him, especially for his parents to have such a childish kid who never grows up...