Posted by free2invest > 2019-05-24 22:30 | Report Abuse

Why many particleboard manufacturers also suffer loses?

Posted by free2invest > 2019-05-24 22:34 | Report Abuse

It seems like mushrooms business is too slow already. Should ask management when it will make money during the coming AGM. Anyone will attend the AGM? Please help me to ask this question.

Posted by free2invest > 2019-05-25 13:43 | Report Abuse

What problem you heard? Please share with us.

Posted by CashRich > 2019-05-25 14:52 | Report Abuse

Hongheng7 , production of mushrooms been solved therefore they explored to giants 50 outlet
Been confirm with those giants buyer for their supply
And also done check with those person sell in pasar Malam, they said since this year without any shortage of supply

Posted by yfchong > 2019-05-25 18:31 | Report Abuse

Freezer at the moment..... Sob sob

Posted by CashRich > 2019-05-25 23:07 | Report Abuse

Just receive the notice of agm
Registration start at 8.30am and agm start at 10 am
Door gift provided

Posted by free2invest > 2019-05-25 23:12 | Report Abuse

No wonder lah.... I never see Tesco sell Hevea mushroom. Hope I can get Hevea mushroom very soon. I like to eat mushrooms. :)

Posted by DualShock > 2019-05-26 12:42 | Report Abuse

Inside freezer still got Dividend juice to drink. Don't have to sob.. sob.. la..

Else exchange for Mushroom then go to Pasar Malam to open stall and sell Taiwan style grilled Eryngii Mushroom.

@CashRich wanna to join. ha.. ha..

Posted by GenghisHoe > 2019-05-26 12:46 | Report Abuse

Extract from the latest financial result Q1 31 Mar 2019:

Particleboard Manufacturing Sector
The revenue and profit before tax reported for this period decreased by RM19.24 million or 41.47%
and RM6.25 million or 156.30% respectively as compared to the same period last year. The lower
revenue and loss before tax were mainly due to [1] lower sales and production volumes as a result of major shut down for preventive maintenance of over 3 weeks, the preventive maintenance also
incurred additional cost. In addition, [2] shortage of raw materials due to the wet weather had also
resulted in lower production output, thus accounting for a higher average cost of production during
the period as economy of scale could not be attained.

Could someone who will attend the AGM to ask the below questions:
[1] How come will have a major shutdown for preventive maintenance? Will the peers conduct the same manner or Hevea has to take lesson on this by referring to the peers' manner as to the preventive maintenance?

[2] Shortage of raw materials due to the wet weather -- Will this a real fact behind the poor financial performance? By referring to the peers, i.e. Evergreen and Mieco they didn't provide such reasons as to their poor financial performance. If not forgotten, Hevea's particleboard is manufactured from the rubberwood residues -- just wonder Hevea management did tell the fact behind the poor financial performance as the same quarter that Lii Hen who is manufacturing rubberwood-based furniture, it chalked up a good financial result and not facing any shortage of raw materials.

Or anyone here equip with the related industry/business knowledge that can enlighten me the above two questions that I asked.

Posted by CashRich > 2019-05-26 14:47 | Report Abuse

hongheng7: usually mushroom (same as last year)

DualShock: Pasar malam is selling taiwen style grilled Eryngii mushroom, for hevea mushroom is fried type.

Posted by GenghisHoe > 2019-05-26 18:08 | Report Abuse

DualShock,

From what I know about the furniture and particleboard:
Φ Rubberwood-based manufacturers
1. Liihen
2. Latitude
3. Pohuat

Φ Particleboard manufacturers
1. Hevea
2. Evergreen Fibreboard
3. Meico Chipboard
4. SYF Resources

Hevea's raw materials are made up of the rubberwood's residues.

My doubt was those peers didn't raise the poor result caused by the shortage of raw materials (rubberwood's residues) due to *wet weather*, whereas the unrelated manufacturer, Liihen still able to chalk up a good result without facing the shortage of raw materials (rubberwood) -- I think my expression were not clear cut enough, hoping that you could catch what I tried to connect.

Posted by free2invest > 2019-05-27 09:13 | Report Abuse

Don't sell in panic situation. You will regret.

Posted by john doe > 2019-05-27 09:17 | Report Abuse

Come to a cross today. Hopefully can close at 0.675 today and maintain the uptrend.

Posted by free2invest > 2019-05-27 09:18 | Report Abuse

I'm queueing to buy..... Coming baby

Posted by Patrick13 > 2019-05-27 09:41 | Report Abuse

@GenghisHoe

1. It is normal but necessary step to undergo preventive maintenance. The last services performed was on 3Q17 and 2Q16. You can find such explanation from the relevant QR.

2. Liihen major raw materials cost not only rubberwood but also comprise of particleboard, medium-density fibreboard (MDF) etc. Since current particleboard pricing is low, they can shift to use this material for product making.

While for Hevea's particleboard, about 30% component is made up of rubberwood residues. Not sure why peers didn't disclose the similar statement as Hevea but look at particleboard industry, the whole performance is down for sure.

Posted by sarahdeaton > 2019-05-27 12:13 | Report Abuse

30% rubberwood? Okok...sell all now.

Posted by CashRich > 2019-05-27 13:02 | Report Abuse

Don't worry. Hevea earn Money from RTA
Which is high profit margin product

Posted by CashRich > 2019-05-27 15:16 | Report Abuse

Sometime is a fact
Net cash company
Dividend pay out ratio minimum 30%
Dividend yield 7.xx% or more
Weak ringgit (90% product was export)
RTA sector no more issue
Labour been trained
Those fund managers don't like especially during this uncertainties global market.
Of course they wan keep more Hevea to secure at least 7% dividend and pay 4-5% dividend to secure their fund positive result

Posted by CashRich > 2019-05-27 15:58 | Report Abuse

Latest 4 quarter total dividend 5cents
Net cash company with plenty cash at bank to pay u dividend
Less net profit sometime because of minus depreciation however the loss from depreciation it is really effect the cash flow?
Answer is depreciation is only an accounting calculation but the money still in the company bank.
5 cent dividend 1 years divide current price 0.66 was equal to 7.57%

Posted by Stephenloo > 2019-05-27 17:43 | Report Abuse

Not a smart question hongheng7.
The share price already drop vs current dividend then the dividend yield day 7 plus % as cashrich said
Q1 deviden sometime based on previous q4 profit
The share price already implement and vs the current price already good interest rate

Posted by Stephenloo > 2019-05-27 21:40 | Report Abuse

Scxx problem due to his new setup factory and less sales order after the factory
Secondly because of his material cost increase a lot
Hevea will huge cash in bank and anytime they can share buy back to hold the price if they wan

Posted by LaksaBoy > 2019-05-27 22:08 | Report Abuse

now dividend yield jump to 7.58%

Posted by GenghisHoe > 2019-05-27 22:23 | Report Abuse

Patrick thank for your info.

Posted by free2invest > 2019-05-27 22:26 | Report Abuse

Heveaboard's cash in bank is depleting. This QR has no dividend may match what Hong heng's say.

Posted by free2invest > 2019-05-27 22:27 | Report Abuse

Is cold eye still holding this stock?

Posted by CashRich > 2019-05-27 23:01 | Report Abuse

Tq those sifu explained
Hongheng 7 Maybe u r right however previously I heard a fm from Hevea CEO said they will pay dividend every quarter, so I quite trust the CEO .
Secondly in a fact Hevea is giving good dividend and may attractive many fund manager to purchase.
So I c today 0.66 been block a lot volume by them

Posted by Stephenloo > 2019-05-28 15:21 | Report Abuse

Dualshock don't like that la
Chicken 1 day also can learn quack quack 1

Posted by CashRich > 2019-05-28 18:42 | Report Abuse

Hahaha...

Posted by klchai123 > 2019-05-28 19:51 | Report Abuse

i hope all the chicken become eagles after 2nd qrt results announced. not going to axe dividend but wait for ex dividend, hold till eagles fly!

Posted by sasword > 2019-05-28 20:37 | Report Abuse

Keep in bank better than paying you dividend mau lei, share price drop till your mother also not recognize, don't con newbie to receive your broken knife.

Posted by sarahdeaton > 2019-05-29 11:04 | Report Abuse

Automation intensive? Okok..i selling all now.

Posted by free2invest > 2019-05-29 22:13 | Report Abuse

OK lah we hold further to see it will give dividend or not in Q2. If no dividend again, I will sell.

Posted by free2invest > 2019-05-29 22:18 | Report Abuse

EPF disposed Heaveboard shares again

Posted by free2invest > 2019-05-29 22:19 | Report Abuse

I think because of no dividend for Q1,

Posted by free2invest > 2019-05-29 22:20 | Report Abuse

EPF likes to invest stock with good and constant dividend payout.

Posted by CashRich > 2019-05-29 23:31 | Report Abuse

Every quarter paid dividend
Why u said no dividend?

Posted by free2invest > 2019-05-30 17:02 | Report Abuse

Q1 2019 got me?

Posted by free2invest > 2019-05-30 17:02 | Report Abuse

Don't have lah

Posted by yfchong > 2019-05-30 17:34 | Report Abuse

Mieco... Good score marks..

Posted by CashRich > 2019-05-30 17:35 | Report Abuse

Ex 13 Mar 2019
Ex 24 June 2019
Since beginning of year 2015 every quarter also got dividend

Posted by free2invest > 2019-05-30 21:00 | Report Abuse

That dividend declared was for fy 2018.

Posted by free2invest > 2019-05-30 21:03 | Report Abuse

Mieco suffered loss in Q1 2019. However, the loss is smaller than a year ago. A good indication that this industry will be better in coming qtrs. Keep hanging tough here.

Posted by Cockroach Paul Lee > 2019-05-31 00:41 | Report Abuse

meow meow meow meow meow

Posted by CashRich > 2019-05-31 21:39 | Report Abuse

director SBB

Posted by free2invest > 2019-06-01 22:53 | Report Abuse

Meow Meow also no use. US market dropped and China starts tariffs on US goods.... If drop further I will buy some more... No worry.

Posted by john doe > 2019-06-04 08:45 | Report Abuse

(little) Support by directors. lo...

Posted by CashRich > 2019-06-04 10:11 | Report Abuse

They wan take 7.xx% dividend
Haha
Last call to agm if buying today

Posted by free2invest > 2019-06-04 20:46 | Report Abuse

I think I cannot make it to attend the AGM due too much works..... Hope those who will attend to share info after the AGM.

Posted by free2invest > 2019-06-04 20:50 | Report Abuse

Very strong holding at this price level. I want to buy some more at lower price also cannot. :(

Posted by Battleman > 2019-06-06 16:43 | Report Abuse

when the price will back above RM 1 ? ai.....