Both Lee and Hong have a “buy” call on the stock with a lower target price of RM1.27 and RM1.42 respectively.
“We maintain our “buy” call on the stock as we believe its value will emerge following the recent slump in share price,” said Lee.
“We continue to like HeveaBoard for its healthy and strong balance sheet (net cash per share of 35.8 sen as at Sept 30, 2017), generous dividend payout (minimum payout of 30%), and its ongoing effort in creating higher-margin products,” said Hong.
Expecting more than 3 cents per share earning for Q4 17 with third dividend at least 2 cents per share. Result should be better than last Q3 17. Then wait for final div. Total div is around 7.2 cents per share for FY 2017. Far better than Mieco with ONLY 1 cent div for FY 2017.
Of course the result not so impressive was due to lower number of labour force but it will be solved. Don't think price will go low as improve earning QoQ. YoY low, but existing price is price in already.
DualShock #WakaluKong #MaiOpekLai
Result won't be impressive for Q4.. Sell.. sell..
But I am patiently waiting another round of Panic Seller to collect below 0.90.
Ke Poh Chi show face again. blackbeanfish Hi saltedfish, how r u? How is ah mun? Bitter experience is best to forget. She is already ur wife so no point u keep angry with yoong lol
Someone said result will be out by today.....why still not out yet? If announce result on the last closing date must be not good one....embrace for diving or dying la :(
Result is worse compare to 2016Q4, but few good points,
1. Result is better than 2017q3, 2. OCF generates RM44mm current quarter, full year OCF also more than last year. 3. notes states labour shortage issue is resolved.
Forex loss is around rm2.3mm, which affects 20% of result (during 2017.10-2017.12 USD drops around 20 cents vs MYR). if USD maintain at current level till next quarter, they will loss around the same. Hopefully the new plant, eringi cultivation and labour force increased would able to cover this loss substantially
B3. Prospect for the current financial year The global business environment is full of uncertainties and challenges but the Board is of the opinion that with the particleboard sector continuing to focus on developing higher value products, and the shortage of workers at RTA sector is currently being resolved, the Group should be able to manage the challenges ahead.
When US rate hike 3 times this year, will add another positive point. No worry for Investors. Only non investors like saltedfish don't know and fear to invest such that no big money for them to make.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Beza
1,847 posts
Posted by Beza > 2018-02-26 09:38 | Report Abuse
Both Lee and Hong have a “buy” call on the stock with a lower target price of RM1.27 and RM1.42 respectively.
“We maintain our “buy” call on the stock as we believe its value will emerge following the recent slump in share price,” said Lee.
“We continue to like HeveaBoard for its healthy and strong balance sheet (net cash per share of 35.8 sen as at Sept 30, 2017), generous dividend payout (minimum payout of 30%), and its ongoing effort in creating higher-margin products,” said Hong.