Dolly/stockraider prefer to be stuck in Evergreen but worst is that they blow out half-truth info and when I exposed the giant debts and other problems with Evergreen, they went berserk and attacked me.

WOW.....u everyday shouting out got crooks steal money in companies. Hevea is so strong that it has become an eye sore to u, right? Ha ha!!

If u want to talk about stealing money within a company then how about Evergreen which has giant debts of RM 216,585,000? If money is stolen then Evergreen sure kaput overnight? LOL

Don't use a kindergarten IQ levels to talk stocks loh. U want margin of safety? Better buy Hevea with lots of real CASH on hand. Evergreen is owing a lot of money to the banks. Later banks "tarik balik" loaned assets from Evergreen then u know loh. Business in Evergreen is degrading with 5 quarters of falling Net Profits mah. So it can't ean fast enough to keep up with debts repayment. I've done calculation for u mah....Evergreen needs at least 12 quarters/3 years just to break-even with that mountains of debts. Ha ha!!

Dolly zai, since u love kissing Kcchong's butt and follow his philosophies then read below by him:

"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."


So Evergreen is a NO and Hevea is a "DEFINITE YES". Watch how Evergreen crash and burn. Better listen to your Sifu loh. Ha ha!!

Last check, Evergreen share price is heading down, heavy selling down fast along downtrend line. Monday is sure diving below!

Dolly and stockraider better not pee in pants. Ha ha!!

WOW.....stockraider u everyday shouting out got crooks steal money in companies. Hevea is so strong that it has become an eye sore to u, right? Ha ha!!

If u want to talk about stealing money within a company then how about Evergreen which has giant debts of RM 216,585,000? If money is stolen then Evergreen sure kaput overnight? LOL

Don't use a kindergarten IQ levels to talk stocks loh. U want margin of safety? Better buy Hevea with lots of real CASH on hand. Evergreen is owing a lot of money to the banks. Later banks "tarik balik" loaned assets from Evergreen then u know loh. Business in Evergreen is degrading with 5 quarters of falling Net Profits mah. Ha ha!!

WOW.....u everyday shouting out got crooks steal money in companies. Hevea is so strong that it has become an eye sore to u, right? Ha ha!!

If u want to talk about stealing money within a company then how about Evergreen which has giant debts of RM 216,585,000? If money is stolen then Evergreen sure kaput overnight? LOL

Don't use a kindergarten IQ levels to talk stocks loh. U want margin of safety? Better buy Hevea with lots of real CASH on hand. Evergreen is owing a lot of money to the banks. Later banks "tarik balik" loaned assets from Evergreen then u know loh. Business in Evergreen is degrading with 5 quarters of falling Net Profits mah. Ha ha!!

Compare...

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)
No. of shares in circulation: 500,851,890 shares
94,679,000(Net cash) / 500,851,890 shares = *Worth RM (0.189) net cash a piece


Evergreen's latest quarter report announced on 28 Nov 2016.
CASH AND BANK BALANCES 141,018,000
LONG TERM BORROWINGS 108,952,000
SHORT-TERM BORROWINGS 107,633,000
Total debts: 216,585,000
Cash - Total Borrowings = -75,567,000 (*NET DEBTS POSITION)
No. of shares in circulation: 846,423,985 shares
-75,567,000(Net debts) / 846,423,985 shares = *Worth approx. RM (-0.089) per share

Stockraider, u mean Evergreen in net debts and having giant borrowings of RM 216,585,000.00 will not have chance of bankruptcy? And Hevea in net cash does? LOL

There are many stocks that seems to have good fundamentals and with share price about one fold below NTA. You may want to reconsider not to enter into it because the downward pressure may push it to 0.68

Remember that this is a downtrend stock.

It will be pressed down. Once 0.96-0.95 is cleared it will be all the way below. No point fight

Justice is served on Dolly. Always remember that:

"The share price trend is a reflection of it's fundamentals"

If Hevea has something fishy to hide then it won't disclose everything loh. Integrity is good mah. LOL

U keep saying me manipulate facts? WHICH EXACT FACTS that I manipulate? If u cannot tell then u are blindly accusing and scolding just because of your anger. Keep cool mah. Share price fall is not caused by me, okay! Ha ha!!

Why gone berserk today? Oh yes...evergreen share price is falling fast. Can't blame u LOL

U better clean ur mouth if not admin sure ban u soon LOL

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!

Did I hide all details about Hevea? No mah. I talked about it too. Both u said nasty things about Hevea also I welcome because the balance sheet of Hevea is so solid and managed well. Debts is so low in Hevea but too bad for Evergreen has RM 200m++ debts. Just ask urself simple question.

FOR EVERGREEN, HOW MANY PROFITABLE QUARTERS ARE NEEDED TO REPAY IT'S GIANT DEBTS?

It will be reflected in the balance sheet soon. U will lose ur credibility. U better keep low profile now because later u will be shamed when the quarter 4 report announced.

Dolly zai, people are not blind. They can see the trend of the share price between Hevea and Evergreen. Always remember this:

"The share price trend is the reflection of it's fundamentals."

WOW u must be deeply stuck here. Can classify u as BIAS already for whatever good-good stuff u said about Evergreen. Be neutral mah. Unlike u, I've always welcome comments. Ha ha!!

Which facts that I manipulated? If u can answer and point it out then I want to see if u are a liar. Truth is I never manipulate facts....all data are taken out from quarterly/annual reports. So u are saying ur company is reporting fake n false?

If u stuck then wait loh, no need blast ur anger out at once mah

Why u both so angry leh? I talk about Evergreen's debts only mah. LOL

Upcoming result is the Quarter No. 4 which is ending the Financial year. All current short-term debts MUST BE SETTLED and Evergreen does not have enough cash money to settle it therefore it needs to raise more debts to fund the settlement. Check below:

SHORT-TERM LIABILITIES:
107,633,000 (Short-term borrowings)
41,400,000 (Trade payables)
89,985,000 (Other payables)
3,716,000 (Provision for taxation)
10,000 (Derivatives)
= 242,744,000 TOTAL CURRENT LIABILITIES

NOW TOTAL CASH BALANCE: 141,018,000

141,018,000 - 242,744,000 = (-101,726,000) short of this amount.

Even the upcoming profits also cannot cover this amount. Can Evergreen earn more than this amount in the coming result? That is why more debts will be seen in the upcoming result.

Sell land is siphon? Then everyday also got siphon everywhere everything? LOL

Sell land is siphon? Then everyday also got siphon everywhere everything? LOL

That is why both ur words cannot be trusted loh because clearly u both are stuck in Evergreen. Too bias.

Do u see me scold ppl in Hevea? No mah. I welcome comments but I will debate all rounded supported with facts.

Do u see me scold ppl in Hevea? No mah. I welcome comments but I will debate all rounded supported with facts.

What is the matter when someone commented on ur beloved stock? This is free world. LOL

What is the matter when someone commented on ur beloved stock? This is free world. LOL

WOW u change job to become fortune-teller can foresee future? At least I write based on facts which is clearly seen reported by ur company.

WOW u change job to become fortune-teller can foresee future? At least I write based on facts which is clearly seen reported by ur company.

Where is ur facts? I stated clearly mah. This dude has issue.

Gay dynamic duo complementing each other. Or it's just one dude with split personality? LOL

LOL someone revealed to me with multiple ID.....LMAO

LOL safer to buy Hevea mah compared to Evergreen which has mountains of debts. Ur evergreen needs to settle that giant short-term debts because the upcoming is Quarter 4 year ending loh. How much is that short-term debts and cash balance? Most likely Evergreen will raise debts again because not enough cash after settling the short-term debts.

Go read in Evergreen thread loh..... LOL

Why buy debt-laden Evergreen? Should avoid Evergreen because....

It is OVER-RELIANT of ONE PRODUCT SEGMENT that is MDF at 80% revenues. Not diversified. It has RM 216,585,000 of both long-term and short-term debts. U should start to worry by now because Evergreen's share price does not move much & always forever CAPPED BELOW 1.00 MARK.

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

Evergreen is "RESTARTING" the particleboard segment after years of suspension. Why is that so? The story dates back to years ago when it decided to focus mainly on MDF segment and chose to suspend particleboard segment. Little did they know that they have became "OVER-RELIANT" over the years mainly on ONE product segment and this is RISKY and not diversified hence it is susceptible to price fluctuations of MDF in the world market bids pricing.

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...."

Since Evergreen's 80% revenues are from MDF segment so THAT IS THE REAL REASON WHY EVERGREEN's PROFIT MARGINS ARE SUBDUED & NOT STABLE OVER THE YEARS. Due to MDF not able to give the company higher profit margins, Evergreen has to embark & venture into other product segments especially the new RTA and the abandoned particleboard segment again.

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!

Do u choose to ignore the following risks?

1) Huge total debts of RM 216.585m.

2) Short-term debts of RM 107.633m MUST be settled by next quarter release.

3) Cash balance will decrease from RM 141,018,000 to RM 31,519,197 or less (#Bank interest not calculated yet). Most likely to borrow more debts because it needs more cash to service the other LONG-TERM DEBTS of RM 108,952,000.

4) Over-reliant on ONE product that is MDF (80% revenues from it) which is hampered by the unstable pricing and raw materials because of hard wood prices.

5) Net profit margins run into negative and fluctuate not stable over the years. Go check for proof. Net profits falling for 5 consecutive quarters.

6) No dividends given out since year 2012 and most recent given out lousy RM 0.01 only on 20-04-2016. If a company amassed such huge debts, how do u think they will give out dividends with cash balance going to diminish?

Go go Hevea! Demand is rock solid for particleboard globally now due to cheaper, lightweight and versatile. U can sell more furniture products than doors. LOL

How to have good result when Evergreen has mountains of debts amid the weaker demand for MDF? Cash calls will be needed to settle short-term debts of RM 107.633m. Most manufacturers have switched to particleboard segment and that is EXACTLY why Evergreen restarting its particleboard segment after years of shut down. Buy Hevea instead.

Sleepy and dream some more. This loser stuck trying to console own self. Loser in life.

If Evergreen is so good as that idiot Dolly said and shout out then why the share price so disappointing and unable to breach above 1.00 mark? Don't preach the wrong things just because u are trapped in it.

I believe the debts will be increased in the next quarter release because they are running out of cash by then after they settled the short-term debts amount RM 107.633m. Cash balance will decrease more than usual. Just wait and see.

Do u choose to ignore the following risks?

1) Huge total debts of RM 216.585m.

2) Short-term debts of RM 107.633m MUST be settled by next quarter release.

3) Cash balance will decrease from RM 141,018,000 to RM 31,519,197 or less (#Bank interest not calculated yet). Most likely to borrow more debts because it needs more cash to service the other LONG-TERM DEBTS of RM 108,952,000.

4) Over-reliant on ONE product that is MDF (80% revenues from it) which is hampered by the unstable pricing and raw materials because of hard wood prices.

5) Net profit margins run into negative and fluctuate not stable over the years. Go check for proof. Net profits falling for 5 consecutive quarters.

6) No dividends given out since year 2012 and most recent given out lousy RM 0.01 only on 20-04-2016. If a company amassed such huge debts, how do u think they will give out dividends with cash balance going to diminish?

That news line reads:

"The group said its quarterly profit was also affected by higher operating expenses, which mainly consisted of lower foreign exchange gain and impairment of goodwill."