The below is the summary of segmental revenues of both HEVEA and EVERGREEN.

EVERGREEN
Medium density fibreboard (MDF): 80% of revenues contribution
Value-added MDF: 15% of revenues contribution
Ready-to-Assemble (RTA): 5% of revenues contribution

HEVEA
Particleboard: 40% of revenues contribution
Ready-to-Assemble (RTA): 60% of revenues contribution


Some argued that EVERGREEN is not similar or direct competitor to HEVEA? EVERGREEN did particleboard years ago but failed that's why suspended that segment. Facts showed that EVERGREEN wants to be like HEVEA mah, look for evidence below:


EVERGREEN's Annual Report 2015, Page 17:
".....Our Particle Board plant remained idle since 2013..."

EVERGREEN's Annual Report 2015, Page 19:
".....The upgrading of the Particle Board Press will enable us to produce premium particleboards for specific markets of higher profit margin...."

Evergreen's Annual Report 2015, page 17:
"On a longer term Strategy, the Group will be focusing on increasing its production volume for its Ready To Assemble (RTA) Furniture Products as this will enable us to have a wider range of premium products that is able to fetch a higher profit margin on its designs and quality."

Annual report here:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5070781

Some of the losers here idolized the famous teacher Kcchongnz so let them read from their sifu's advice:

"Cash in balance sheet is a safety buffer when investing, best of all you don't have to pay for it. Two exactly similar companies, one with excess cash and the other none, definitely the one with excess cash is a better company to invest in, no matter how the management uses the cash."

Compare it yourself:

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=194981&name=EA_FR_ATTACHMENTS
Hevea
Cash: 128,443,000
Total borrowings: 15,489,000
Total liabilities: 93,118,000

Cash - Total borrowings = 112,954,000
Cash - Total liabilities = 35,325,000

Take the latest 5 quarters results of Net profits:
(28.006m + 17.233m + 15.161m + 20.268m + 25.693m) / 5 qtrs = 21.2722m averagely per qtr
RM 15,489,000 total debts / 21.2722m NP = 0.73 qtr

Take the latest 4 quarters results:
(28.006m + 17.233m + 15.161m + 20.268m) / 4 qtrs = 20.167m averagely per qtr
RM 15,489,000 total debts / 20.167m NP = 0.77 qtr

Remarks: So Hevea's debts are so small according to its own earning power per quarter. Its cash keeps adding up at least RM 20m each qtr. Just 1 qtr is enough to clear out the debts and even after clearing the total liabilities, it has RM 35.325m EXCESS CASH.

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=194811&name=EA_FR_ATTACHMENTS
Evergreen
Cash: 160,308,000
Total borrowings: 205,257,000
Total liabilities: 388,027,000

Cash - Total borrowings = (-44,949,000)
Cash - Total liabilities = (-227,719,000)

Take the latest 5 quarters results of Net profits:
(17.483m + 16.88m + 16.459m + 20.619m + 21.029m) / 5 qtrs = 18.494m averagely per qtr
RM 205,257,000 total debts / RM 18.494m NP = 11.1 qtrs to break-even

Take the latest 4 quarters results:
(17.483m + 16.88m + 16.459m + 20.619m) / 4 qtrs = 17.86m averagely per qtr
RM 205,257,000 total debts / RM 17.86m NP = 11.5 qtrs to break-even

Remarks: Evergreen's massive debts are so huge that it needs at least 12 quarters/ 3 years just to break-even with it while its competitors and peers are embarking on expansion dethroning it from being the largest market cap stock. It is unable to clear out the total liabilities that is why it always need to use loans to keep up with business trades, capex & other things. After minus all debts, it doesn't have cash and if it minus all total liabilities it is even troubling with -227.719m amounts owed.

ACCA? So what? All also laosai book followers. If syndicate wants to press it down, there is nothing u can do about it.

If Evergreen's management is so damn good as u said, why is the balance sheet look so ugly? Bad means bad. Try check and find out how much net profits Evergreen has to earn each quarter and how long it takes to payback that MASSIVE debts. No need magic formula or fancy coolio accounting talks. Nowadays those graduates are no better than those good old days businessmen who have better business acumen than newbie who followed by the books.

jackng6 is a new rascal ID. Which loser use this ID is obviously angry previously. Sound familiar? LOL

Why so coward use new ID to write? LOL

Don't use complex accounting formula or whatsoever to comfort yourself. Just one simple thing only, the company needs to earn at least RM 18m per quarter to payback the MASSIVE DEBTS. I've shown u it needs 12 quarters or 3 years just to BREAK-EVEN with that giant debts.

It cannot run away from it. If it wants to settle big portion of the debts, it simply can ask money from shareholders and this is not so good because it will send the share price dead low. Usually raise money through rights issues or private placements. The latter will have dilution effect on shareholders' interest loh.

Simplify things when u judge the balance sheets, not making it more sophisticated. When no good means share price will collapse. Always remember that:

"The stock price is a reflection of its fundamentals"

Everyone in Hevea is so happy that the company's cash keeps adding up. Expanding and diversifying some more. Better invest in Hevea but I won't sell to stockraider & that Hamyue loh.

Ai ya....this stockraider already became a caveman mah because he pawned his everything into Evergreen and lost it all. Now he lives in dark caves hiding in daytime because naked lose until underpants gone. LOL

jazzlee, then the hamyue really is a loser lah. Ha ha!!

LOL invest long-term in Evergreen is safe? No dividends and with that massive debts, the company has no choice but to work so hard to maintain profitability minimum RM17m/qtr for at least 12 quarters to just break-even with it only. That's if it can maintain the profitability and we have not calculate the loan interest charges from that giant debts.

Evergreen amassed such massive debts, how do u think it is even able to give u dividends? By borrowing more debts? It has RM 205,257,000 debts already. I think most of u get the idea. The total liabilities are RM 388,027,000 so how does a quarterly Net profits of mere RM 17m able to service the MASSIVE DEBTS easily leh? Yes can bah...BUT 12 quarters lah that's if it can keep up with the profit earnings.

I speak the very truth mah. I don't talk nonsense or twist facts because I have real calculations to prove it. What does stockraider show u? Craps. He shows u useless rubbish talks everyday without facts to back it up.

If anything that I said about Evergreen is not true or inaccurate then why on earth that the share price collapsed to this state?

Ah stockraider, once again use your brain loh. Stop making yourself dumber everyday. Criticize or attack also MUST be based on REAL FACTS. Ha ha!!

It's the end for Dolly lose so much until so quiet or coward? LOL

Sunset soon loh, the bankrupt stockraider is still hiding in dark cave?

This stock is really dying. OVERRATED and OVERVALUED 4.10x times over NTA. Correction is in progress.

NTA is only 0.177, right? Sure suicide now.

jazzlee, why hamyue's own vege get stolen by Hevea's MD meh? So pity lah LOL

This time Dolly really dig own grave. Told u to quit before the collapse mah. Look what happen now. Deeper grave lobang now. LOL

LOL Evergreen reaching new low loh. Where is the coward stockraider? 4pm still hide in dark cave meh? LOL

This Dolly really not ashamed meh? Evergreen collapsed already mah. So high debts sure investors all running away!

Evergreen owes a lot of money debts . Collapsing!

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=194811&name=EA_FR_ATTACHMENTS
Evergreen
Cash: 160,308,000
Total borrowings: 205,257,000
Total liabilities: 388,027,000

Cash - Total borrowings = (-44,949,000)
Cash - Total liabilities = (-227,719,000)

LOL saltedfish will regret what he said when FP falls hard.

Soon will fall. Better take whatever profits u need now.

Skliew, u putting so much hope in FL? I hope u did not sailang in this one. U may be surprised if it falls deeply later when a substantial manipulator wants to shoot down the price for certain reasons.

LOL saltedfish murdered ur family? Why u so dislike that big-mouth hamyue leh?

Dolly is panic now that Evergreen has collapsed. Told u openly that the massive debts is a problem. Too blind to see or being ignorant. Ha ha!!

LOL Dolly admitted he's just that kind of lickers.

slts is also a big loser in Evergreen. Now "more depth" for u to buy lah. LOL

Siapa yang makan cili dia yang terasa pedasnya

So u dare kutuk means u veli geng, izzit? How strong ur bullets? If u are just bilis then don't act like u are powerful loh.

LOL this hamyue thinks he is the only one make it? Plz la...always another higher hand. U said u eat only taichafun. How much is ur taichafun? Let u talk first. Ha ha!!

No bottom support at all

Fragile pricing. Don't buy if u cannot afford to get stuck.

A PUMPED UP stock.....be careful!

Stockraider lose until he pawned his clothes. Now he lives inside some dark caves naked. LOL

Evergreen has collapsed! Look at the figures that I've shown u. Accept it.

LOL what is Hevea's stock price?

What is Evergreen's stock price now?

Evergreen failed because of high debts even though share price lower than NTA. No matter how low gearing also it needs 12 quarters / 3 years just to BREAK-EVEN with the massive debts so most smart investors will dump the shares loh.

For FPGroup, the profit is so small and since this is a newly listed company with short years of track records, this is being PUMPED UP by some crooks and u will see how this stock will collapse as well just like many other newly listed in Bursa.

WOW...stockraider always talked about his Evergreen's share price is lower than its NTA. Now he talked the opposite about FPGroup! So hypocrite one?

Those blue-chip stocks also u dare to compare to this newly listed company with no track records? WOW u just showed me how dumb u are. Ha ha!!

Evergreen collapsed already. Look at more heavy selling today.

I see some patterns of self-comforting again here. Plywood prices falling. Look:

http://www.indexmundi.com/commodities/?commodity=plywood&months=12

Stockraider, u always love stock below its NTA value mah so this FRGroup is 4.10x times above its NTA mah....super OVERVALUED and OVERRATED !! This is being PUMPED & DUMP now!!

BEWARE!!

Check before u buy this share..

Share price: 0.725
NTA: 0.177
OVERVALUED 4.10x times

Profit is just so small with RM 2m per quarter. There are better companies than this one. Don't fall victim to this kind of inflated stock. Being pump & dump.

WARNING: This is a typical PUMP & DUMP by some crooks.

FRGroup is nothing more than a hyped stock. Too OVERVALUED at 4.15x times its own NTA. Worth at such high price 0.725? Really a PUMP & DUMP stock.

See...told u especially the hamyue. LOL

Compare it yourself:

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=194981&name=EA_FR_ATTACHMENTS
Hevea
Cash: 128,443,000
Total borrowings: 15,489,000
Total liabilities: 93,118,000

Cash - Total borrowings = 112,954,000
Cash - Total liabilities = 35,325,000

Take the latest 5 quarters results of Net profits:
(28.006m + 17.233m + 15.161m + 20.268m + 25.693m) / 5 qtrs = 21.2722m averagely per qtr
RM 15,489,000 total debts / 21.2722m NP = 0.73 qtr

Take the latest 4 quarters results:
(28.006m + 17.233m + 15.161m + 20.268m) / 4 qtrs = 20.167m averagely per qtr
RM 15,489,000 total debts / 20.167m NP = 0.77 qtr

Remarks: So Hevea's debts are so small according to its own earning power per quarter. Its cash keeps adding up at least RM 20m each qtr. Just 1 qtr is enough to clear out the debts and even after clearing the total liabilities, it has RM 35.325m EXCESS CASH.

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=194811&name=EA_FR_ATTACHMENTS
Evergreen
Cash: 160,308,000
Total borrowings: 205,257,000
Total liabilities: 388,027,000

Cash - Total borrowings = (-44,949,000)
Cash - Total liabilities = (-227,719,000)

Take the latest 5 quarters results of Net profits:
(17.483m + 16.88m + 16.459m + 20.619m + 21.029m) / 5 qtrs = 18.494m averagely per qtr
RM 205,257,000 total debts / RM 18.494m NP = 11.1 qtrs to break-even

Take the latest 4 quarters results:
(17.483m + 16.88m + 16.459m + 20.619m) / 4 qtrs = 17.86m averagely per qtr
RM 205,257,000 total debts / RM 17.86m NP = 11.5 qtrs to break-even

Remarks: Evergreen's massive debts are so huge that it needs at least 12 quarters/ 3 years just to break-even with it while its competitors and peers are embarking on expansion dethroning it from being the largest market cap stock. It is unable to clear out the total liabilities that is why it always need to use loans to keep up with business trades, capex & other things. After minus all debts, it doesn't have cash and if it minus all total liabilities it is even troubling with -227.719m amounts owed.

LOL stockraider sneaked out of his cave again to shout some nonsense. Hevea is expanding next door loh. Our capacity is going to increase dramatically with RTA the star performer in 2017. Our market cap is the highest at 785m now. Super low debts compared to the fallen highly indebted Evergreen.

Stockraider is naked because he lose all his garments so that is why he runs very fast back into his cave! Ha ha!! He will come out when no one notice him without clothes.

Since stockraider lost all his money betting on Evergreen then I will be generous and lend him some $ and some fungi as food from Hevea's new venture. Ha ha!!

Stockraider is naked because he lose all his garments so that is why he runs very fast back into his cave! Ha ha!! He will come out when no one notice him without clothes.

Since stockraider lost all his money betting on Evergreen then I will be generous and lend him some $ and some fungi as food from Hevea's new venture. Ha ha!!

Where is the fallen stockraider? Hiding in some caves?

Useless! I've seen so many quotes. In investment, u better go for the real solid & stronger company with exceptional balance sheet. That will almost be certain & spend less of your time worshiping famously known quotes.

Do u want me quote to show u what Evergreen mentioned in the annual report? It will be a slap to ur face. I hope not to embarrass u further.

Evergreen has collapsed already. Accept the fact.

Ricky yeo was wrong on many stocks too. Why did u not mention it? LOL