LOL u should worry for ur Evergreen having insufficient cash problem. Hevea in net cash. What is ur next topic? Bankrupt? Anything new?

Dolly cannot answer the questions. It is obvious. LOL

Clone ID detected! Ha ha!!

Ha ha!! the upcoming result will show real hand.

Don't be jealous because HEVEA's share price shot up so much while Evergreen is trending down and stagnant lah. Now u trying to sabotage Hevea and promote Evergreen meh? Cannot work loh because all pointers showing Hevea is a better buy.

No use u buy a company's shares if balance sheet is messy and profit growth is slowing. There are lots of companies with share prices below NTA, u go buy loh. Ha ha!!

Plz use your brain lah. If Hevea is doing a dodgy deal, they won't have to disclose all the very details. Why create problems when there is none?

Unlike u, I'm questioning Evergreen's balance sheet regarding it's giant debts. Which one is more serious? Debts are real mah.

LOL u so free then go to authorities loh. When u reach there, most only yawn at your rubbish. Ha ha!!

Hu Hu....someone run out of arguments and have to pick this kind of cheap topics. While u argue with us here, Hevea is expanding. LOL

Stockraider, plz learn from me lah. I DO NOT ACCUSE A COMPANY WITHOUT ANY SUPPORTIVE FACTS. When I start questioning a company namely your beloved EVERGREEN, I do it properly and most importantly based on facts and not my assumptions without supportive data to back my claims mah. Ha ha!!

So the end result of...after so many years of HEAVY CAPEX, still does not bear good fruits of the labour? WOW....if u are shareholders of Evergreen, I suggest u in the next AGM, go question the management. Very questionable lah.

Now tell me, if Evergreen's business is so damn good then why the hell that it's profit margins has never surpassed double digit growth even after so many years of heavy capex?

Since 80% of Evergreen's revenues is from Medium-Density Fibreboard, plz explain why it's profit margins is low and Net Profits are suffering from a falling trend for FIVE CONSECUTIVE QUARTERS already?

Also plz convince ppl that why the heck that Evergreen spent heavy CAPEX for years already but suddenly last year wanted to RE-START it's long abandoned PARTICLEBOARD SEGMENT again?

Besides that, why MDF business no good? Why start new RTA SEGMENT now? Not heavy Capex for years already meh? Mostly spent on MDF segment production, right? Why lacklustre business performance?

LOL I look at REAL FACTS (no nonsense) and interpret the future growth of each company based on their business operations/prospects & share price performance. Hevea is still a better company to invest into due to it's solid & strong balance sheet. Latitude and Liihen will be second to Hevea too.

If whatever I said and explained about Hevea are not convincing then u have to prove that whether I have lied or inaccurate but my entire research is based on all the facts and figures derived from all quarterly/annual reports.

Hevea started CAPEX in 2012 for RTA segment (plz read the annual reports) and it finally achieved double digit profit margin growth of 14.7% in 2015 and 13.3% in 2016 (only 3 quarters to-date while Q4 still pending). The profit margins have been climbing non-stop since the inception of the CAPEX on expansionary plans on both RTA & particleboard segments. RTA can command such higher profit margin is due to it's "crafty" and "highly customizable" nature.

So if a management does it correctly, profit margins of the company should increase gradually over the years of capex.

Look carefully at Evergreen's balance sheet and think wisely.

He's just an idiot betting the wrong horse. The return from invested capitals by Hevea is already superior than Evergreen. Net profits per quarter has surpassed Evergreen. Profit margins also almost doubled than it.

Looking at the giant debts and consecutive falling of net profits of a company basically tells u the efficiency & effectiveness of a company's management despite the heavy capital expenditure (Capex) for years already and it's profit margins are still below double digit growth.

Not only that, Evergreen has always insufficient cash to fund operations and this is why it is running the operations on "BORROWED" money from banks amassing that HUGE DEBTS of RM 216,585,000, not small amount though.

He's just an idiot betting the wrong horse. The return from invested capitals by Hevea is already superior than Evergreen. Net profits per quarter has surpassed Evergreen. Profit margins also almost doubled than it.

Looking at the giant debts and consecutive falling of net profits of a company basically tells u the efficiency & effectiveness of a company's management despite the heavy capital expenditure (Capex) for years already and it's profit margins are still below double digit growth.

Not only that, Evergreen has always insufficient cash to fund operations and this is why it is running the operations on "BORROWED" money from banks amassing that HUGE DEBTS of RM 216,585,000, not small amount though.

CLone ID detected. LOL

Current short-term borrowings amounting to RM 107,633,000 will be written off due to the closing of Fiscal Year Ending accounting 2016 because the upcoming result is "FOURTH Quarter".

CASH AND BANK BALANCES 141,018,000
LONG TERM BORROWINGS 108,952,000
SHORT-TERM BORROWINGS 107,633,000
Total debts: 216,585,000

141,018,000 - 107,633,000 = 33,385,000 Cash left

Let's say the upcoming Net Profit is around RM 17,000,000 then:

33,385,000 + 17,000,000 = 50,385,000

How about the loan interest of long-term borrowings?
*Long-term borrowings interest: If based on 6.85% interest rate. RM 108,952,000 x 6.85% p.a. = RM 7,463,212 p.a.

(RM 7,463,212 p.a. / 12) x 3 months = RM 1,865,803 interest payment to banks per quarter. This will add up to the NP be reduced further hence longer period or more quarters just to break-even with the giant debts!

So RM 50,385,000 - 1,865,803 = RM 48,519,179

Based on the end result, Evergreen will likely to borrow more to fund it's operations and heavy CAPEX. HOW DOES A COMPANY WITH GIANT DEBTS GIVE OUT DIVIDENDS OR REWARDS TO SHAREHOLDERS?

BEST IS AVOID DEBTS-LADEN COMPANIES AND BUY INTO CASH-RICH COMPANIES.

Today Evergreen will be crashing down after many ppl have realized it's debts are huge and unsustainable. Most are getting out of this mess.

Someone is going to pee his pants because Evergreen is crashing down further today. Buy Hevea can sleep very well at night because HEVEA doesn't have giant debts. LOL

Stockraider is pissed that his Evergreen is crashing. He's just ignoring facts and sabotaging Hevea. LOL

Stockraider, u will be shedding tears when your Evergreen collapse. Your ship is sinking.

LOL solid company right in front of u. All u got to do is simply dump out useless company like Evergreen and get onto a real solid company such as HEVEA. Don't miss the chance.

Latitude is heading to the roof. HEVEA has all the reasons to be excited about! Ha ha!!

Stockraider, u will be shedding tears when your Evergreen collapse. Your ship is sinking.

U hold Evergreen shares, u wait 12 quarters / 3 years JUST TO BREAK-EVEN with debts loh

Why want to get yourself into such a mess? Buy LOW-DEBTS and CASH-RICH companies such as HEVEA loh

U hold Evergreen shares, u wait 12 quarters / 3 years JUST TO BREAK-EVEN with debts loh

Why want to get yourself into such a mess? Buy LOW-DEBTS and CASH-RICH companies such as HEVEA loh

EVERGREEN is strapped with RM 216,585,000 TOTAL DEBTS

HEVEA is strapped with RM 15,111,000 TOTAL DEBTS

It does make a difference! Can sleep well at night holding HEVEA...LOL

Holland it is...The fanboys went hiding. LOL

Aiyo this stockraider, ppl in i3 not stupid lar....they can check and verify whether my calculations and explanations are valid or not mah. Truth is ppl start to realize buying into cash-rich companies like Hevea is a better & safer bet loh. Better throw the useless Evergreen shares if u don't want to get stuck for a long time.

I know both companies very well mah. U can check back my past comments to verify it. No point u keep buy or average down in Evergreen because of price below NTA. The business of Evergreen and management is not so efficient. If u want to know more, I can just sprinkle some salts like Mr SaltBae loh with style mah. Ha ha!!

No use lah.....Evergreen cannot be saved because it's balance sheet is messy and not healthy. Why not healthy? I've shown u already mah....Evergreen needs at least 12 quarters of steady profits RM20m quarterly just to BREAK-EVEN with all total borrowings. If it cannot do it then it will continue to raise more debts because operations & capex will need more cash to run mah.

Also a problem is whether it is able to earn Net profit of RM20m per quarter leh? Latest figure is just RM17m and falling trend for 5 consecutive quarters.

People can check and see for themselves. So no point u trying to fool ppl. Ha ha!!

No use lah.....Evergreen cannot be saved because it's balance sheet is messy and not healthy. Why not healthy? I've shown u already mah....Evergreen needs ar least 12 quarters of steady profits RM20m quarterly just to BREAK-EVEN with all total borrowings. If it cannot do it then it will continue to raise more debts because operations & capex will need more cash to run mah.

Better buy Hevea. I've presented to u all-rounded figures and explanations mah. WHy deny leh?

Stockraider, don't try to be funny lar....the more u talk nonsense the more ppl realize loh. Right? loh loh loh..Ha ha!!

So after funding the acquisition, Hevea still have RM 85,658,556 CASH. WOW

If u have done your homework well comparing all 16 related competitive peers, HEVEA is again TOP with enormous cash among all 16 companies after minus the total borrowings. Second and third will be Latitude and Liihen.

If u can know some sifu in i3 also picked Latitude and Liihen as top picks. So do I satisfy your thirst to understand why I picked Hevea? Ha ha!!

New land acquisition purchase price: RM 13,463,350.40 (#This is peanuts for Hevea)

The new acquisition will be funded through...
Internally Generated Funds : RM 4,442,905.63 (33%)
Borrowings : RM 9,020,444.77 (67%)

Hevea's latest quarter report announced on 22 Nov 2016.
CASH AND BANK BALANCES 109,790,000
LONG TERM BORROWINGS 6,947,000
SHORT-TERM BORROWINGS 8,164,000
Total debts: 15,111,000
Cash - Total Borrowings = 94,679,000 (*NET CASH POSITION)


RM 15,111,000 + RM 9,020,444 = RM RM 24,131,444 (New total borrowings soon)

RM 109,790,000 (TOTAL CASH) - RM 24,131,444 (NEW TOTAL DEBTS SOON) = RM 85,658,556 (NEW CASH BALANCE after new land acquisition)

For the "Internally generated funds" portion of funding, u take:

RM 4,442,905 / 507,151,890 (Hevea shares in circulation) = RM 0.0088
WOW! Not even reaching RM 0.01 per share to fund it? It's peanuts for Hevea's financial might! LOL

WOW. HEVEA STILL IN NET CASH POSITION & NO NET GEARING AGAIN. This land acquisition & expansion is really peanuts for Hevea. Still have lots of cash on hand.

My statements and predictions are based on SOLID FACTS + FIGURES mah. Unlike u, I don't create simply any numbers without supportive real facts from reports and realistic calculations.

Ok let me pull out my calculation for u to re-read again ah. Wait. Ha ha!!

Aiyo...u make assumptions must be based on proper figures mah. Cannot simply make up numbers based on any number in ur decayed brain loh stockraider. Mana u punya references? See how I presented to everyone the proper figures mah. Why u never learn one lah. LOL

My critics especially Dolly loves kcchong so maybe Dolly zai should heed his 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."

My critics especially Dolly loves kcchong so maybe Dolly zai should heed his 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."

LOL stockraider is showing to me that he is becoming an amateur. Then trust Evergreen's management? Talk things must based on real solid facts loh. U buy Hevea can sleep well at night. My prediction on Evergreen will come true again because the upcoming result is going to weigh on the debts due to write-off in current short-term debts due in 4th quarter report. Ha ha!!

Hevea has lots of cash on hand mah. Evergreen's cash on hand is entirely borrowed money from banks because of giant debts and each quarterly profits cannot sustain it's entire operation. That is why Evergreen is always on high debts loh.

Talk truth mah stockraider. Why hide and tell lies? LOL

Hevea's gearing is only 14% which is very low and with the cash on hand, it embarks on expansionary plan which will be good to improve future earnings.

It has dividend policy and it pays twice annually.

Among it's peers, our Hevea ranked second in having treasury shares currently with 666k treasury shares. U can see it does shares-buyback in 2016 and we can expect it continues to do so.

LOL someone got mad cannot accept facts. Ha ha!!

LOL screen through all peers. Hevea is the best with effective management. Profit margins keep climbing for 5 years consecutively and it reached double digit. Why competitors cannot achieve this figure? Mostly Hevea is the market leader in both RTA and particleboard segments.

To be sure, it is better to avoid high debts companies. Best avoid Inari too because when Trump hikes tariffs on electronic/semiconductor products from Asia, u can kiss Inari goodbye. Wood and furniture products fare better prospects because western countries rely & sourcing these product segments mostly from outside of US/EU....mainly tropic countries with abundant wood resources. Buy Hevea! Ha ha!!

LOL desperate dude try to calm ppl. stockraider got trapped here? Monkeys are laughing loh

EVERGREEN
Financial quarter 30 Sep 2015: Net Profit 27,586,000
Financial quarter 31 Dec 2015: Net Profit 21,029,000
Financial quarter 31 Mar 2016: Net Profit 20,619,000
Financial quarter 30 Jun 2016: Net Profit 16,459,000
Financial quarter 30 Sep 2016: Net Profit 16,880,000

27.586m + 21.029m + 20.619m + 16.459m + 16.88m = 102.573m

102.573m / 5 = 20.5146m median average of NP for latest 5 quarters

RM 216,585,000 (Total debts) / RM 20,514,600 (NP: Median average) = 10.5x times

That means Evergreen needs at least 10-11 quarters or more just to break-even with the total debts while most competitors are already in net cash position! I have not taken into consideration of the interest charges of the giant debts over RM 216.585m so it will definitely take longer than 12 quarters just to break-even with that mountains of debts.

12 QUARTERS = 3 YEARS needed to break-even with giants of debts. That's if they do everything right & net profit does not fall further per quarter. Remember that it's NP has been falling for 5 consecutive quarters!

*Long-term borrowings interest: If based on 6.85% interest rate. RM 108,952,000 x 6.85% p.a. = RM 7,463,212 p.a.

(RM 7,463,212 p.a. / 12) x 3 months = RM 1,865,803 interest payment to banks per quarter. This will add up to the NP be reduced further hence longer period or more quarters just to break-even with the giant debts!

EVERGREEN
Financial quarter 30 Sep 2015: Net Profit 27,586,000
Financial quarter 31 Dec 2015: Net Profit 21,029,000
Financial quarter 31 Mar 2016: Net Profit 20,619,000
Financial quarter 30 Jun 2016: Net Profit 16,459,000
Financial quarter 30 Sep 2016: Net Profit 16,880,000

27.586m + 21.029m + 20.619m + 16.459m + 16.88m = 102.573m

102.573m / 5 = 20.5146m median average of NP for latest 5 quarters

RM 216,585,000 (Total debts) / RM 20,514,600 (NP: Median average) = 10.5x times

That means Evergreen needs at least 10-11 quarters or more just to break-even with the total debts while most competitors are already in net cash position! I have not taken into consideration of the interest charges of the giant debts over RM 216.585m so it will definitely take longer than 12 quarters just to break-even with that mountains of debts.

12 QUARTERS = 3 YEARS needed to break-even with giants of debts. That's if they do everything right & net profit does not fall further per quarter. Remember that it's NP has been falling for 5 consecutive quarters!

*Long-term borrowings interest: If based on 6.85% interest rate. RM 108,952,000 x 6.85% p.a. = RM 7,463,212 p.a.

(RM 7,463,212 p.a. / 12) x 3 months = RM 1,865,803 interest payment to banks per quarter. This will add up to the NP be reduced further hence longer period or more quarters just to break-even with the giant debts!

Aiya this stockraider..... how does Hevea bankrupt when it is in NET CASH position? LOL!!

If u want talk about bankrupt then Evergreen more likely to go bankrupt because of high debts and I've shown u the calculation that Evergreen needs at least 12 quarters (3 years) of steady earnings RM 20m per quarter just to BREAK-EVEN with it's giant debts. Look below again:

LOL u better really listen carefully to my advice loh. If Hevea price goes down, u should buy as much as u can afford because it's fundamentals and balance sheet is very solid and healthy mah. Don't just buy a stock like Evergreen because of below NTA without bright future earnings.

For Evergreen's case, u should try to avoid due to HIGH DEBTS of RM 216,585,000 of giant debts the highest among it's peers. Cash on hand also not enough and some more it's "borrowed money" not solid cash or earnings generated. Only pay loans and bank interests also headache loh.

No point a company keep borrows but debts are increased. This situation is because it cannot earn more or faster to pare down debts or increase earnings. That will only inflate the risks.

stockraider keeps following me trying to sabotage my picks but he won't stand a chance because stocks that I picked are having solid fundamentals and most importantly the balance sheets are healthy and strong.

Avoid Evergreen lah dude. It's balance sheet is messy and fragile. I've predicted Evergreen's balance sheet will get worse because not enough cash balance and cash generated insufficient to pare down it's giant debts. Already 5 consecutive quarters of falling net profits. A clear and dangerous signal.

Now share price falling. Dolly disappeared again. A typical loser. The pondan will reappear again and shout loud when price up little. Ha ha!!

Hevea has done so well that it is going to trend up. There are hundreds of stocks in bursa that are under their NTA but lacklustre performance. Go buy those loh idiot stockraider.