Dolly_chai, ur excuses for Evergreen not paying dividends is hard to digest. What about the year of 2013, 2014 and 2015? Now latest 2016 only paid out RM 0.01? Years of capital spending on what? Those 3 years no dividends and now amassed RM 215,585,000 of debts? Plz check carefully most furniture makers listed on KLSE already in net cash position.

Dolly_chai, ur excuses for Evergreen not paying dividends is hard to digest. What about the year of 2013, 2014 and 2015? Now latest 2016 only paid out RM 0.01? Years of capital spending on what? Those 3 years no dividends and now amassed RM 215,585,000 of debts? Plz check carefully most furniture makers listed on KLSE already in net cash position.

The fact that I revealed everything on both HEVEA and EVERGREEN and it is quite obvious HEVEA has an edge over that one company with TWO HUNDRED OVER MILLIONS of borrowing debts is clearly shown. Why the denials? I've included references to back-up everything I said about both companies. What else excuses u are going to use next? *Really scratching head lol

Harlow...plz lah...don't spam the forum with repetitive nonsense. If u post facts to support or back-up your claims of arguments then ok but u are spamming lah.

stockradio, the borrowings data is taken out of Evergreen's own quarterly report. Me no create facts lol

Evergreen's EPS has been shrinking non stop for 5 consecutive quarters and if a company's EPS is getting lesser each quarter then how does it able to reduce it's own debts? Profit margins also not consistent and expanding at the wrong time when global economy is almost starting to descend into a bear market. Bull market is 9 years already.

EVERGREEN
Financial quarter 30 Sep 2015: PBT 34,757,000 Net Profit 27,586,000 EPS 5.38 sen
Financial quarter 31 Dec 2015: PBT 27,290,000 Net Profit 21,029,000 EPS 4.06 sen
Financial quarter 31 Mar 2016: PBT 20,619,000 Net Profit 20,619,000 EPS 2.68 sen
Financial quarter 30 Jun 2016: PBT 16,459,000 Net Profit 16,459,000 EPS 2.04 sen
Financial quarter 30 Sep 2016: PBT 16,880,000 Net Profit 16,880,000 EPS 2.06 sen

lol heavy attacks by the supporters but they never admit the facts presented or dare to reply me on it. This shows that they are very afraid to answer the risks here. Am I right?

Hevea's share price keeps rising so does it's net cash position at the latest reported data. The performance of the company's business is well reflected in it's share price. Needless to explain further.

Evergreen's mountains of debts keep rising while it's cash balances keep decreasing due to corporate exercises as announced. Is Evergreen a prudent and efficient company? Just paid RM 0.01 sen for shareholders in 2016 and the last time it paid out dividend was in 2012. Total debts stood at RM 216,585,000. Have u calculate how much the company is servicing it's debt borrowings and interest charges? Doing things at the wrong time during the country's economy in crisis is almost suicidal.

Still not clear?

iloveshare128, u still haven't answer my question yesterday. Why are u skipping my important question? Here I ask u again:

iloveshare128, u keep saying I'm misleading. May u pinpoint which "thing" or "point" tht u are referring? I never create false facts or stories. All are figures & statements taken from all quarterly & annually reports. I've even included the references before. If u accuse me of misleading then u mean I'm falsifying data & information so does that mean the Evergreen company & its own auditor & related parties are falsifying accounting and facts as well?

When I revealed the truth about Evergreen's mountains of debts at RM RM 216,585,000 which is the highest ever among all furniture makers listed in KLSE, their supporters reacted in panic and anger. I start to realize that these supporters are nervous and afraid that the not-well-informed investors will stop buying it's shares or just trade short term.

EVERGREEN
Financial quarter 30 Sep 2015: PBT 34,757,000 Net Profit 27,586,000 EPS 5.38 sen
Financial quarter 31 Dec 2015: PBT 27,290,000 Net Profit 21,029,000 EPS 4.06 sen
Financial quarter 31 Mar 2016: PBT 20,619,000 Net Profit 20,619,000 EPS 2.68 sen
Financial quarter 30 Jun 2016: PBT 16,459,000 Net Profit 16,459,000 EPS 2.04 sen
Financial quarter 30 Sep 2016: PBT 16,880,000 Net Profit 16,880,000 EPS 2.06 sen

Still not clear and obvious? For 5 consecutive quarters with sliding trend downward and decreasing Profit before taxes (PBT), Net Profit and EPS.

lol What rubbish are u posting here? Post something related to the stock and don't try to promote other stocks or things here. Now what is to do with calvin tan and drb? Really speechless how idiotic stockradio has become. If u do not understand the "FACTS" that I've taken all figures and statements from quarter/annual reports of both companies then it shows u are living in self-denial everyday just to uphold something that is not proven or backed-up with evidence and facts.

It's interesting to find certain individuals are using multiple ID to support their claims of such stock will do better but yet the facts are pointing out evidently otherwise.

Evergreen is highly indebted, please check again below:

EVERGREEN
LONG TERM BORROWINGS 108,952,000
SHORT-TERM BORROWINGS 107,633,000
Total debts: RM 216,585,000

HEVEA
LONG TERM BORROWINGS 6,947,000
SHORT-TERM BORROWINGS 8,164,000
Total debts: RM 15,111,000

The mountains of borrowings will need to be serviced by the Evergreen company together with the interest charges every month. Besides that, operating expenses and current expansion together with restarting with bygone segment. All these corporate exercises will erode the cash balances on hand therefore u need to foresee that in the coming quarters the company's expenses will be inflated and the profit margins suppressed due to such exercises. These are reflected in the share price where the shares are trading at the downward trajectory. Share price does not lie and it is the reflection of the company's current and upcoming performance.

Can start ignore stockradio now since he's just simply screwing numbers & facts. Thts his only job while living in self denial lol

iloveshare128, u keep saying I'm misleading. May u pinpoint which "thing" or "point" tht u are referring? I never create false facts or stories. All are figures & statements taken from all quarterly & annually reports. I've even included the references before. If u accuse me of misleading then u mean I'm falsifying data & information so does that mean the Evergreen company & its own auditor & related parties are falsifying accounting and facts as well?

jazzlee, as I said before.. stockradio loves screwing with numbers. He screws it sideways lol.

Andrewhlc, that stockradio idiot loves screwing numbers. He's living in self denial even after seen the facts lol. He is throwing tantrum lol. It's a widely known fact that Evergreen is losing grip so Hevea's stock price will speak for itself.

ilovershare128, no hard feelings here. It's just a matter of comparison. HEVEA still haven't spend CAPEX and it's own market cap is already at RM 776 millions currently at RM 1.55 a piece and it's in net debts position with EPS growth to improve further being the dominant producer in the particleboard segment and it's own RTA has contributed 60% revenues already. The key of such growth comes from these 2 segments and u can know how profitable that is. A lot of room for better explosive growth.

Evergreen though holding RM 140m cash but needs that cash to service it's giant RM 216m debts monthly. Check carefully how much borrowing interests it has to pay monthly. Further capex spending will strain it's cash balances. Not a prudent company plus just RM 0.01 sen dividend paid out this year and the last dividend payout was in 2012. U called this a prudent and efficient management?

EVERGREEN
Financial quarter 30 Sep 2015: PBT 34,757,000 Net Profit 27,586,000 EPS 5.38 sen
Financial quarter 31 Dec 2015: PBT 27,290,000 Net Profit 21,029,000 EPS 4.06 sen
Financial quarter 31 Mar 2016: PBT 20,619,000 Net Profit 20,619,000 EPS 2.68 sen
Financial quarter 30 Jun 2016: PBT 16,459,000 Net Profit 16,459,000 EPS 2.04 sen
Financial quarter 30 Sep 2016: PBT 16,880,000 Net Profit 16,880,000 EPS 2.06 sen


Still not clear and obvious? For 5 consecutive quarters with sliding trend and decreasing Profit before taxes (PBT), Net Profit and EPS.

iloveshare, plz check back my past comments and I do not wish to reiterate here. Evergreen going strong in 2017? You should refrain from saying so that early. A fisherman should know what to do when he spotted the storm from afar. What it's going to happen is Evergreen's profit margin will be suppressed due to that few company's exercises which are still commencing I suppose.

stockraider, to me...u have lost your credibility already. By using non accurate figures without source backing it and more importantly u do not understand the better method to measure the company's growth rates is just plain disappointing.

ilovershare128, I want to stressed that u mentioned Evergreen's EPS may get better "slightly"? If that is so then I will tell u that it is just not good. Whatever it doesn't earn will most likely won by competitors hence it lose it's market share of certain product segments. It's expected next quarter earnings should be a lot better otherwise it is losing traction of the market share in it's own MDF product segment because 80% of it's revenues are from MDF. Evergreen's PBT, net profit and EPS have been sliding down for 5 consecutive quarters and that is proof of losing market segment traction.

Most people feel good about Evergreen because it was once a dominant player in the MDF segment but the global demand has shifted to particleboard which is already evident everywhere in usage applications and more importantly higher sales and profitability are reflected in Hevea's own accounting in the quarterly reports.

iloveshare128, the latest financial results do not lie or remain hidden. You can almost know whether the company is doing okay, better or worse just by studying it's accounting in the quarterly report. Some of u especially stockrado are investing into Evergreen and argued that the share price is below it's NTA value which u think is providing u a margin of safety in a volatile market. That will only be useful if the company is on the verge of bankruptcy or it needs to raise more capitals from financiers based on latest valuation of the assets. However, assets-rich companies comprising of develop-able lands will be more valuable for a property development company but in this case Evergreen and Hevea are both producers/exporters of value-added goods therefore it is mostly capital intensive and most assets are in depreciating machinery assets and need to be upgraded and replaced every now and then or when the need arises. To sums it up, u should not invest into Evergreen by looking into it's NTA as margin of safety and in fact u should look at the growth rates because producers/exporters need to grow the capacity in volumes to achieve economies of scales hence sustainable profitability. Still u don't think my explanations are not logical? Calm down and think carefully.

Dolly_chai, u must have been blocked by i3 admin. For the record, I did not report u at all. It must be u have been using multiple ID accounts to spam here. That serves u right and u get what u deserve now. stockraider is ur ID as well? lol

Why did u accuse me of not understand both Evergreen and Hevea? I didn't create all the numbers or statements myself. It was all taken from the financial quarter and annual reports. All statements are words from chairman & directors of both companies. I don't care what this stockrado thinks because all the numbers and facts are showing that HEVEA is already far superior than Evergreen. How can u say that a highly indebted company like Evergreen which amassed a giant RM 216,585,000 of total debts is better than Hevea which has only RM 15,111,000 of total debts? Hevea's earnings already surpassed Evergreen. Only servicing the debts' interest charges every month to the financing banks also a big outflow amount already. Still u think such giant debts is good for Evergreen and manageable? Think carefully. Look again at the following for recap if u missed it:

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

Be careful with his misleading future earnings guidance.

Compare...

EVERGREEN
P/E Normalized: 8.798
ROIC: 9.408%
EPS GROWTH RATE: -3.41%
NET PROFIT MARGIN: 9.294%


HEVEA
P/E Normalized: 11.209
ROIC: 21.282%
EPS GROWTH RATE: 13.803%
NET PROFIT MARGIN: 14.617%

Despite the higher normalized PE, Hevea does give a better return growth projection. Wait for the next corporate exercise for Hevea because the management has hinted to put the cash surplus into good use.

stockraider is living in self-denial. Sad case lohh!

I think stockraider does not understand it at all or he just pretend that everything about Evergreen is still looking good but the "facts" have shown that Evergreen is a highly indebted company with high gearing and experiencing a sliding in it's own profits consecutively in the following:

1) Profit before taxes (PBT) sliding and decreasing non stop for 5 consecutive quarters from RM 34.757m to the latest RM 22.121m

2) Earning per share (EPS) sliding and decreasing for 5 consecutive quarters as well from 5.38 sen to latest 2.06 sen

3) Dividend wise? Disappointingly, Evergreen paid RM 0.01 sen dividend in the year 2016 only. Before that, the last time it paid dividend was in the year 2012. This is not good for shareholders. The company has amassed a staggering RM 216,585,000.00 in debts today. It should be in net cash position by now. Look at many other funiture maker stocks are already in net cash position.

stockraider pretend to be blind and said Evergreen is financially stronger??? How ah??

HEVEA's total borrowings: RM 15,111,000.00
EVERGRN's total borrowings: RM 216,585,000.00
*announced on 22 Nov 2016

HEVEA's cash balance: RM 109,790,000.00
EVERGRN's cash balance: RM 141,018,000.00
*announced on 28 Nov 2016

Net profit: RM 17,233,000 (HEVEA)
Net profit: RM 16,880,000 (EVERGREEN)

EPS (sen): 3.70 (HEVEA)
EPS (sen): 2.06 (EVERGREEN)

Simply cheering for a stock without giving any supporting basis is like a doctor telling the pregnant lady to do cesarean than natural birth without letting her understand the pros and cons of both but being biased towards cesarean because the doctor wants to "untung" more money lol

Refer the following:
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5095
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5101

Latest quarter results:
Net profit: RM 17,233,000 (HEVEA)
Net profit: RM 16,880,000 (EVERGREEN)

EPS (sen): 3.70 (HEVEA)
EPS (sen): 2.06 (EVERGREEN)

Since Evergreen's debts is so high at RM 216,585,000.00 then how many quarters are needed to earn back and pay down the debts in the long term? It's EPS is only 2.06 sen per share and net profit has been shrinking non stop for 5 consecutive quarters until HEVEA has overtaken it.

Why u should never use it's book value to value the worth of such companies? If they are property developers then having lots of valuable assets will be worth a lot more but in this case both HEVEA and EVERGREEN are producers & exporters of timber-based products so they are capital intensive and most of their assets are in depreciating machinery which will need to be upgraded or replaced after years later. So I don't think u should use it's NTA as a main guide to buy it's shares.

Refer the following:
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5095
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5101

Latest quarter results:
Net profit: RM 17,233,000 (HEVEA)
Net profit: RM 16,880,000 (EVERGREEN)

EPS (sen): 3.70 (HEVEA)
EPS (sen): 2.06 (EVERGREEN)

Since Evergreen's debts is so high at RM 216,585,000.00 then how many quarters are needed to earn back and pay down the debts in the long term? It's EPS is only 2.06 sen per share and net profit has been shrinking non stop for 5 consecutive quarters until HEVEA has overtaken it.

Why u should never use it's book value to value the worth of such companies? If they are property developers then having lots of valuable assets will be worth a lot more but in this case both HEVEA and EVERGREEN are producers & exporters of timber-based products so they are capital intensive and most of their assets are in depreciating machinery which will need to be upgraded or replaced after years later. So I don't think u should use it's NTA as a main guide to buy it's shares.

..

HEVEA's Debt to cash ratio
RM 109,790,000 (Total cash) / RM 15,111,000 (Total debts) = [1.00 : 7.27]

EVERGRN's Debt to cash ratio
RM 141,018,000 (Total cash) / RM 216,585,000 (Total debts) = [1.00 : 0.65]

To put it in perspective, Hevea is having RM 15m total debts only whereas Evergreen has a giant RM 216m of total debts. Do u see it more clearly?

..

HEVEA's Debt to cash ratio
RM 109,790,000 (Total cash) / RM 15,111,000 (Total debts) = [1.00 : 7.27]

EVERGRN's Debt to cash ratio
RM 141,018,000 (Total cash) / RM 216,585,000 (Total debts) = [1.00 : 0.65]

To put it in perspective, Hevea is having RM 15m total debts only whereas Evergreen has a giant RM 216m of total debts. Do u see it more clearly?

Today headlines on bloomberg.....

https://www.bloomberg.com/news/articles/2016-12-19/ringgit-dips-to-weakest-level-since-1998-asia-financial-crisis

Today headlines on bloomberg.....

https://www.bloomberg.com/news/articles/2016-12-19/ringgit-dips-to-weakest-level-since-1998-asia-financial-crisis

Dolly_chai, please seriously check the very latest accounting of both heavyweight competitors Evergreen and Hevea carefully below:

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


I'm not trying to bring down the share price or influence people to buy Hevea and dump Evergreen. I'm sharing what seems to be the greater risks for companies that are having high debts and not enough cash balances and cash flow to service it's borrowings with interests during the current bad economic climate worldwide and with the ringgit dropping to Asian Financial Crisis in 1998 level is not something any companies should take it lightly.

A friendly reminder is better buy shares of companies with low gearing that is having lower or no debts and holding good amount of cash because there will definitely be market turbulence coming real soon. Check what is happening in business worldwide now. Market bull run is over-matured 9 years now and will fall anytime soon. I still see good fundamentals with export stocks due to falling ringgit. Here's a recap:

HEVEA's total borrowings: RM 15,111,000.00
EVERGRN's total borrowings: RM 216,585,000.00
*announced on 22 Nov 2016

HEVEA's cash balance: RM 109,790,000.00
EVERGRN's cash balance: RM 141,018,000.00
*announced on 28 Nov 2016

Dolly_chai, please seriously check the very latest accounting of both heavyweight competitors Evergreen and Hevea carefully below:

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


I'm not trying to bring down the share price or influence people to buy Hevea and dump Evergreen. I'm sharing what seems to be the greater risks for companies that are having high debts and not enough cash balances and cash flow to service it's borrowings with interests during the current bad economic climate worldwide and with the ringgit dropping to Asian Financial Crisis in 1998 level is not something any companies should take it lightly.

A friendly reminder is better buy shares of companies with low gearing that is having lower or no debts and holding good amount of cash because there will definitely be market turbulence coming real soon. Check what is happening in business worldwide now. Market bull run is over-matured 9 years now and will fall anytime soon. I still see good fundamentals with export stocks due to falling ringgit. Here's a recap:

HEVEA's total borrowings: RM 15,111,000.00
EVERGRN's total borrowings: RM 216,585,000.00
*announced on 22 Nov 2016

HEVEA's cash balance: RM 109,790,000.00
EVERGRN's cash balance: RM 141,018,000.00
*announced on 28 Nov 2016

When they refused to accept the facts and fundamentals, they will mend their way with half-truth lol. Both Evergrn and Hevea stock price have shown the obvious. Still linger with losses? It is never a bad move to hedge your losing bet with a better competitor otherwise u will stay at the losing end. Sad case for stockraider. Hope what happened to u in investlah won't repeat again here in i3 lohh!!

stockraider and Dolly_chai, both of u must be very deeply invested in Evergreen until u have to defend it so actively lol. I've told u many times that Evergreen is having core fundamental issues in regards to suppression of profit margin due to higher costs of restructuring it's businesses specifically relocation of current MDF operations to another plant and restarting of particleboard segment and to improve it's RTA segment. All these are time-consuming and the supposed benefits will only be seen in late 2017/2018 at the earliest. You can check Hevea's past history by reading up their annual reports and it has shown that it took Hevea two years to get RTA segment to run smoothly and stabilize. Read Hevea's annual report from year 2011-2015 and u can learn so Evergreen will take at least 2 years for RTA up & running while it's profit margin from MDF segment will trend lower due to a major shift of demand from pricey MDF to cheaper/affordable particleboard from global importers.

stockraider, u must be very deeply invested in Evergreen until u have to defend it so actively lol. I've told u many times that Evergreen is having core fundamental issues in regards to suppression of profit margin due to higher costs of restructuring it's businesses specifically relocation of current MDF operations to another plant and restarting of particleboard segment and to improve it's RTA segment. All these are time-consuming and the supposed benefits will only be seen in late 2017/2018 at the earliest. You can check Hevea's past history by reading up their annual reports and it has shown that it took Hevea two years to get RTA segment to run smoothly and stabilize. Read Hevea's annual report from year 2011-2015 and u can learn so Evergreen will take at least 2 years for RTA up & running while it's profit margin from MDF segment will trend lower due to a major shift of demand from pricey MDF to cheaper/affordable particleboard from global importers.

Compare...

EVERGREEN
P/E Normalized: 8.798
ROIC: 9.408%
EPS GROWTH RATE: -3.41%
NET PROFIT MARGIN: 9.294%


HEVEA
P/E Normalized: 11.209
ROIC: 21.282%
EPS GROWTH RATE: 13.803%
NET PROFIT MARGIN: 14.617%


The P/E of Evergreen is higher (*Lower the better). The Return on Invested Capital of Hevea is at 21.282% which is far superior than Evergreen already more than double. The ROIC as indicated is derived using the "latest fiscal year" divided by "5-year average" and it is an effective measure of the return on invested capital. That alone just ensures company such as Hevea is able to amassed so much profit and cash until today. By using the same amount of capital, Hevea is able to obtain a better returns for it's shareholders. That is why u still see many investors still pouring money into Hevea even it's gone way up above it's own book value.

What good would it do to just buy a stock below it's book value if it doesn't perform better for Evergreen? because investors can get better returns from another company such as Hevea since it's management is seriously efficient and prudent in retaining profit earnings and cost management. This has shown evidently Hevea is able to amassed the bulk of cash over the time and it can be put in good use during tough times ahead. Would u invest ur money into a company which can bring u consistently stable and far superior returns than the one that is not able to deliver consistently?

Below as indicated are the round-up of EVERGREEN and HEVEA profit margin:

EVERGREEN
2012: 3.2%
2013: -4.5%
2014: 0%
2015: 9.1%
2016: 7.3%


HEVEA
2012: 4.1% (Hevea's RTA segment started operation in early of 2012)
2013: 5.7% (Continuation of CAPEX throughout the year for more automation for RTA)
2014: 7.2%
2015: 14.7%
2016: 13.3%



Latest recorded revenues by segments of both companies:

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



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


Which gearing level better? You should see the obvious.

Compare...

EVERGREEN
P/E Normalized: 8.798
ROIC: 9.408%
EPS GROWTH RATE: -3.41%
NET PROFIT MARGIN: 9.294%


HEVEA
P/E Normalized: 11.209
ROIC: 21.282%
EPS GROWTH RATE: 13.803%
NET PROFIT MARGIN: 14.617%


The P/E of Evergreen is higher (*Lower the better). The Return on Invested Capital of Hevea is at 21.282% which is far superior than Evergreen already more than double. The ROIC as indicated is derived using the "latest fiscal year" divided by "5-year average" and it is an effective measure of the return on invested capital. That alone just ensures company such as Hevea is able to amassed so much profit and cash until today. By using the same amount of capital, Hevea is able to obtain a better returns for it's shareholders. That is why u still see many investors still pouring money into Hevea even it's gone way up above it's own book value.

What good would it do to just buy a stock below it's book value if it doesn't perform better for Evergreen? because investors can get better returns from another company such as Hevea since it's management is seriously efficient and prudent in retaining profit earnings and cost management. This has shown evidently Hevea is able to amassed the bulk of cash over the time and it can be put in good use during tough times ahead. Would u invest ur money into a company which can bring u consistently stable and far superior returns than the one that is not able to deliver consistently?

Below as indicated are the round-up of EVERGREEN and HEVEA profit margin:

EVERGREEN
2012: 3.2%
2013: -4.5%
2014: 0%
2015: 9.1%
2016: 7.3%


HEVEA
2012: 4.1% (Hevea's RTA segment started operation in early of 2012)
2013: 5.7% (Continuation of CAPEX throughout the year for more automation for RTA)
2014: 7.2%
2015: 14.7%
2016: 13.3%



Latest recorded revenues by segments of both companies:

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



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


Which gearing level better? You should see the obvious.

Challenge what? Both of u so childish lol. I suggest u both better talk abt the stocks and related issues and not nonsense here. So did u compare both companies well?

when they knew the truth is out, the only thing they can do is revenge. Dolly_chai, I suggest u to comment more on stocks rather than nonsense here. So did u compare both companies well?

stockraider, u already got banned and kicked out from investlah despite ur claim to have posted 10,000++ of noble comments but mostly are nonsense gibberish, just look at how u write in i3 forum people can know. Admin and commentators of investlah dislike u there for valid reasons lohh! What else attention u want here? I posted no nonsense comparison data only lohh!

stockraider, u already got banned and kicked out from investlah despite ur claim to have posted 10,000++ of noble comments but mostly are nonsense gibberish, just look at how u write in i3 forum people can know. Admin and commentators of investlah dislike u there for valid reasons lohh! What else attention u want here? I posted no nonsense comparison data only lohh!

stockraider and Dolly_chai, why are u both so afraid of factual data and info? This is what I'm talking about u both are not telling truth about Evergreen. I'm simply presenting the factual data and telling analysis based on everything taken out from all financial statements and chairman/directors statements in the annual/quarterly reports from both Evergreen and Hevea. Be transparent to the readers and don't mislead them. Thank u!

stockraider and Dolly_chai, why are u both so afraid of factual data and info? This is what I'm talking about u both are not telling truth about Evergreen. I'm simply presenting the factual data and telling analysis based on everything taken out from all financial statements and chairman/directors statements in the annual/quarterly reports from both Evergreen and Hevea. Be transparent to the readers and don't mislead them. Thank u!

Compare...

EVERGREEN
P/E Normalized: 8.798
ROIC: 9.408%
EPS GROWTH RATE: -3.41%
NET PROFIT MARGIN: 9.294%


HEVEA
P/E Normalized: 11.209
ROIC: 21.282%
EPS GROWTH RATE: 13.803%
NET PROFIT MARGIN: 14.617%

Compare...

EVERGREEN
P/E Normalized: 8.798
ROIC: 9.408%
EPS GROWTH RATE: -3.41%
NET PROFIT MARGIN: 9.294%


HEVEA
P/E Normalized: 11.209
ROIC: 21.282%
EPS GROWTH RATE: 13.803%
NET PROFIT MARGIN: 14.617%