Posted by skylifttoptoptop > 2016-01-12 14:19 | Report Abuse

this guy once shouting at SHH thread. hevea not buying SHH, dump SHH.: SHH rose from RM1 to RM2.3.

himself is a buy call : if he say dump, u buy !

Posted by Mongoose > 2016-01-12 14:21 | Report Abuse

Ham yue offer you guys alternate view and warning u guys taroh him. If don't believe at least you hv been warned

Posted by almaine > 2016-01-12 14:25 | Report Abuse

skylifttoptoptop, same la....that saltedfish shouted at SYF thread. It rose from 0.50 to 0.75

Posted by Teoh Boon Leong > 2016-01-12 14:28 | Report Abuse

Yes, next time when salted fish says sell, you go buy

Posted by wajatimur_28 > 2016-01-12 14:33 | Report Abuse

sarahdeaton...please love me...!!!kekekekeek...i will give u saltedfish=ikan masin as a gift..kkekeke

Posted by skylifttoptoptop > 2016-01-12 14:35 | Report Abuse

salted fish, pls come back and say dump dump

Posted by gwansoo > 2016-01-12 14:39 | Report Abuse

Thank you for sharing valueinvestor18.

Posted by valueinvestor18 > 2016-01-12 14:40 | Report Abuse

CIMB maintain ADD...

https://brokingrfs.cimb.com/E5JRX4r-aC5m2iQUWawnNjWgz0SfPnyUAtGkWg2o3BGcQ75zhBp_npQvV4TY5N9rSk-6oPyEJrqwqvs80.pdf

Posted by Jeff Lee > 2016-01-12 14:43 | Report Abuse

HeveaBoard Bhd

Stick to the fundamentals
■ We organised a conference call with management and institutional clients to
address three negative allegations made by an investor blog over the past week.
■ The civil suit at HW (Hevea’s largest shareholder) the non-payment of dividends.
■ Management dismissed the allegation of 700 containers of particleboard stuck in
Korea.
■ The intercompany loan from HW will be repaid by mid-2016.
■ We maintain our Add rating and SOP-based TP, with 4Q15 results as a catalyst.
Conference call to address negative newsflow
Over the past week, the investor blog i3investor.com carried three negative allegations
against Heveaboard (Hevea) that resulted in a share price decline of 15%. We
organised a conference call between Managing Director, Yoong Hau Chun and
institutional clients this morning to address these concerns.
Non-payment of dividends
A civil suit was instituted by HeveaWood Industries (HW) (Hevea’s largest shareholder
with 27% stake) minority shareholders against the Yoong family for the non-payment of
dividends at HW. Hau Chun explained that HW was not in a position to pay dividends
from 2009-12 as Hevea’s financials were stretched following the collapse in the
particleboard industry. The high court have decided in favour of the defendant.
The Korean debacle
Another allegation was made that 700 containers of particleboard was held up for
Korean Customs in Oct 15 due to non-conformance of quality standards. Management
dismissed this as untrue. Korea had changed its orders from E2 boards to E1 boards. As
Korean E1 testing standards differed slightly, Hevea delayed shipment to Korea pending
clarification of its new testing standards. This issue has since been resolved.
Discrepancy in intercompany loan
The third allegation made was that Hevea “beautified” its accounts to hide an €890,000
inter-company loan made by HW to Hevea in 2005. The blog quoted discrepancies
between amounts owed by related parties to HW vs. the amount owing by Hevea to
related parties. Management explained that HW had made other inter-company loans to
other related parties in addition to Hevea and hence, the amounts would differ. All of
Hevea’s debts will be repaid by mid-2016, according to management.
Stick to the fundamentals
We felt that management addressed the issues very well and sensed that institutional
investors were comfortable with the explanations. We urge investors not to be distracted
by these ongoing non-fundamental and frivolous allegations. In our view, any share price
correction is an excellent opportunity to bottom fish as our earnings forecasts are
conservative (RM/USD of 4.0 vs. current spot rate of 4.4). A 1% depreciation of the
ringgit increases Hevea’s EPS by 7.5%. Maintain Add.
▎

Posted by Jeff Lee > 2016-01-12 14:44 | Report Abuse

ADD (no change)
Current price: RM1.46
Target price: RM2.00
Previous target: RM2.00
Up/downside: 37.3%
Reuters: HEVE.KL
Bloomberg: HAVE MK
Market cap: US$145.7m
RM638.8m
Average daily turnover: US$1.15m
RM4.96m
Current shares o/s 397.8m
Free float: 56.5%

Posted by wangge > 2016-01-12 14:45 | Report Abuse

Voonyoke, after some time I never I3, only ur ID I can recognise.
Good to see you still very active! Trust you hv fun and made a lot $ from value investment!

Those days we were with Inari and strong supporter! Inari also never let the group down!
Many of us laugh all the way to bank! From the KLSE record it is one of best performance since it listed!'

Posted by wangge > 2016-01-12 14:47 | Report Abuse

We fry salted fish with YongChow fry rice , very nice loh !

Posted by voonyoke > 2016-01-12 14:52 | Report Abuse

Thanks wangge.i am still holding inari. Let us laugh all the way to the bank.

Posted by lck1300 > 2016-01-12 14:53 | Report Abuse

one hour pass , nothing happen ?
1.4x why no happen ?

Posted by PN17player > 2016-01-12 14:55 | Report Abuse

finally Cimb cleared all doubts. time to fly , insituion are buying

Posted by gwansoo > 2016-01-12 14:55 | Report Abuse

Coming soon. All the way back to 1.7x

Posted by Jeff Lee > 2016-01-12 14:56 | Report Abuse

flying!

Posted by PN17player > 2016-01-12 14:56 | Report Abuse

the TP remain at RM2 by Cimb . great

Posted by ft80 > 2016-01-12 15:01 | Report Abuse

149??

Posted by FullTime > 2016-01-12 15:06 | Report Abuse

great the CImb interviewed Hevea Management, CIMB stay at its TP for Hevea RM2

https://brokingrfs.cimb.com/E5JRX4r-aC5m2iQUWawnNjWgz0SfPnyUAtGkWg2o3BGcQ75zhBp_npQvV4TY5N9rSk-6oPyEJrqwqvs80.pdf

Posted by ChartMaster > 2016-01-12 15:22 | Report Abuse

it will appear in tomorrow news paper, and it will create another big wave once ppl are cleared that these are faked rumour, ppl will grab the share prior to Q result

Posted by sarahdeaton > 2016-01-12 15:27 | Report Abuse

149? wow...rich already

Posted by Ezra_Investor > 2016-01-12 15:34 | Report Abuse

Well done CIMB Marcus Chan for clearing all the allegations.
Now everyone can cook saltedfish for lunch.

https://brokingrfs.cimb.com/E5JRX4r-aC5m2iQUWawnNjWgz0SfPnyUAtGkWg2o3BGcQ75zhBp_npQvV4TY5N9rSk-6oPyEJrqwqvs80.pdf

Posted by noobnnew > 2016-01-12 15:42 | Report Abuse

We should see a outburst in share price latest by tomorrow. As all those bs allegation end.

Posted by DingDongHai > 2016-01-12 15:42 | Report Abuse

Anyway, robert and salted has successfully help their boss to collect at 1.45. They also get paid and having sweet life after...

Posted by saltedfish > 2016-01-12 16:00 | Report Abuse

Marcus Chan is paid to do the job, instead. Lol

Posted by saltedfish > 2016-01-12 16:01 | Report Abuse

KKanagasg said there is a CBT (criminal breach of trust) case on going in hevea, just wait for Mr. Robert to unleash lah

Posted by mamatede > 2016-01-12 16:03 | Report Abuse

Robertl still owe us bomb 2 right? Might be bomb2 is "boo yah"

Posted by hsbm > 2016-01-12 16:03 | Report Abuse

Robert and gang, faster throw more bombs, price too high now, cannot buy.

Posted by viruskiller > 2016-01-12 16:03 | Report Abuse

wah all sapu warrant now

Posted by saltedfish > 2016-01-12 16:04 | Report Abuse

So far all the allegations (Court cases, intercompany loan, containers) are proven right, except that it wasn't 700 containers but 700m3. Credits must be given to Robert

Posted by viruskiller > 2016-01-12 16:04 | Report Abuse

last hour to sapu , tomorrow will fly to 1.6 and above :)

Posted by viruskiller > 2016-01-12 16:05 | Report Abuse

alamak, should all in warrant today

Posted by almaine > 2016-01-12 16:06 | Report Abuse

at least more ppl believe marcus than a nasi goreng ikan masin....LOL!!!

Posted by DingDongHai > 2016-01-12 16:06 | Report Abuse

Hey Salted, you have nothing better to do meh?How come spend 7 days in this thread keep asking ppl dump this stock? Now we would want to have conference call with you instead. LOL

Posted by leelc99 > 2016-01-12 16:06 | Report Abuse

Thank you for giving me the chance to re-enter my beloved Hevea at a discounted rate right before CNY. Huating stock going into huating 2016 year! Huat ah!

Posted by gwansoo > 2016-01-12 16:06 | Report Abuse

New high is coming in a few weeks time. Hahahaha

Posted by saltedfish > 2016-01-12 16:07 | Report Abuse

Don't worry, beans will be spilled soon on alleged CBT

Posted by Kino Kow > 2016-01-12 16:09 | Report Abuse

Flying ....wb

Posted by Ryan88 > 2016-01-12 16:09 | Report Abuse

Lol... hevea wb 30k profits because of the helps from Robert and salted fish..
Thanks for your time on the articles . Please keep your efforts, I am waiting for your 2nd 3rd bigger bombs

Posted by Icon8888 > 2016-01-12 16:10 | Report Abuse

Buy lah saltedfish, don't wait...

Posted by optimushuat > 2016-01-12 16:10 | Report Abuse

haha, those sold at low, remember the name "Robertl" and "Ganneeneh" haha..

Posted by Tom > 2016-01-12 16:11 | Report Abuse

otb失踪了。。。。。

Posted by viruskiller > 2016-01-12 16:11 | Report Abuse

maybe he jual salted fish earn better :)

Posted by Icon8888 > 2016-01-12 16:12 | Report Abuse

USD RM closed to all time high, now 4.42

According to my calculation, it could touch 5.70

Hevea will bring your portfolio to heaven

Buy !!!!

Posted by mimixiao > 2016-01-12 16:14 | Report Abuse

Kannibu煮的沙煲咸鱼焖萝卜好吃~~

Posted by noobnnew > 2016-01-12 16:17 | Report Abuse

Icon, u think USDMYR will hit 5.7??

Posted by ChartMaster > 2016-01-12 16:17 | Report Abuse

https://brokingrfs.cimb.com/E5JRX4r-aC5m2iQUWawnNjWgz0SfPnyUAtGkWg2o3BGcQ75zhBp_npQvV4TY5N9rSk-6oPyEJrqwqvs80.pdf

Posted by viruskiller > 2016-01-12 16:18 | Report Abuse

i saw a guy posted said today will fall till 1.4 . hmmmmmmmmmmmmmmmmm

Posted by hsbm > 2016-01-12 16:18 | Report Abuse

Ham yi (saltedfish) no more bombs???