Sunday, June 04, 2017 Hevea: Earning Remained Healthy Results Update
For QE31/3/2017, Hevea's net profit was mixed - down 10% q-o-q or up 25% y-o-y - to RM25 million while revenue rose 9% q-o-q and % y-o-y to RM1519million. Profits rose y-o-y due mainly to better performance in both the particleboard (due mainly to better margin brought on by higher selling price, increased sales of higher grade products, increased sales in value added products and higher USD exchange rate to Ringgit during this reporting period) and RTA sectors (due mainly to benefits derived from the more efficient production processes, higher revenue, and higher USD exchange rate to Ringgit.) [The result for QE31/3/2017 was announced on May 23.]
Table: Hevea's last 8 quarterly results
Graph: Hevea's last 38 quarterly results
Valuation
Hevea (closed at RM1.37 last friday) is now trading at a PE of 7.6 times (based on last 4 quarters' EPS of 17.8 sen. At this PER, Hevea is still deemed very attractive. In addition, Hevea pays a decent dividend, with yield of 3.4%.
Technical Outlook Hevea is in a steep uptrend line, SS with support at RM1.35 (see Chart 1). the immediate support is at the line connecting the recent trough at RM1.25-1.30 (see Chart 2).
Chart 1: Hevea's monthly chart as at Jun 2, 2017 (Source: ShareInvestor)
Chart 2: Hevea's weekly chart as at Jun 2, 2017 (Source: ShareInvestor)
Conclusion
Based on good financial performance, relatively attractive valuation & positive technical outlook, Hevea remains a good stock for long-term investment.
U CAN SEE A STOCK THAT PEOPLE SAYS GOOD PERFORMANCE ALSO COME DOWN AND CANNOT GO UP LOH...!!
WHY LIKE THAT ?? IT IS DUE TO MKT EXPECTATION...MKT MAY HAVE HIGH EXPECTATION...GOOD RESULT....NOT HIGH ENOUGH COME DOWN MAH...!!
stockraider lose so much money that he abandon Evergreen. Dolly also beh tahan but just jump in here once in a while to save his own face. No face loh...that is why don't talk so big before and now results so worse -40% is real danger sign to investors loh.
I've showed u how the third generation Henry S Kuo is residing in USA and is over committed to his religious duties or obsession there. With this kind of management, how good do u think it's managed? No wonder the total DEBTS is so MASSIVE and that debts increased more.
So Dolly_Chai2 always shout others are losers. Hmmm....this idiot really knows no shame? lol Where is the share price heading to? And what has happened to the qtr results? Hmmm.....facts and figures speak louder than this thick-faced Dolly. Kesian.....
CKC...U TALK RUBBISH LOH....PEOPLE BIRTHDAY CELEBRATION ALSO COMPLAIN LOH....!! THE EVERGREEN DEBTS IS LOW RELATIVE TO ITS MORE THAN RM 1.0 BILLION SHAREHOLDERS FUNDS MAH...!!
RAIDER IS COMFORTABLE PUTTING ALOT OF MONIES IN EVERGREEN BCOS RAIDER UNDERSTAND WILL BE PERFORMING STRONGLY IN 3RD AND 4TH QTR LOH...!!
stockraider, why the fatty Henry S Kuo resigned from Audit Committee? lol
Useless third generation living off family's wealth in USA. Doing nothing and being lazy. Nothing more obvious than that. First & second generations already getting old & tired but this fatty Henry Kuo is a slacker living in USA. Why kena resigned leh? Siphoning out money through massive Capex every year?
Henry Kuo is a mommmy's boy....look at every posts on FB that he posted mentioning mommy family all the time. Proven a mommy daddy's boy. If u are real shareholders of the company, u should start to worry because this company is not well run and it has amassed such a MASSIVE DEBTS with rapid decreasing profits BUT massive Capex continues??!!! WTF?
HENRY KUO...RESIGNED FROM AUDIT COMMITTEE BCOS THIS IS THE BEST PRACTISE FOR CORP GOVERNANCE...TO BE COMPRISES OF ONLY NON EXECUTIVE AND INDEPENDENT DIRECTORS MAH...!! THIS IS TO AVOID CONFLICT OF INTEREST LOH...!!
THIS IS ENDORSE BY BURSA AS THE BEST PRACTISE LOH....!! EVERGREEN VERY GOOD CORP GOVERNANCE MAH...!!
Ahem.......why in the first place he's elected into the audit committee? Speechless? U speak of Evergreen always have high integrity? Now this is a real case proven to showcase that the company has low integrity.
THE OLD CORP GOVERNANCE STD PREVIOUSLY ENDORSE BY BURSA NOT SO HIGH LOH...!!
NOW NEWER STD....BEST PRACTISE....BY BURSA...SO EVERGREEN COMPLY LOH.
BTW...EVERGREEN NO NEED TO COMPLY...BCOS IT IS ONLY BEST PRACTISE..NOT COMPULSORY MAH....BUT U CAN SEE EVERGREEN QUICKLY ADOPTED IT...BCOS THEY HAVE VERY GOOD CORP GOVERNANCE MAH...!!
Rubbish loh...look at how u twist to defend, the world can know loh.
Ahem.......why in the first place he's elected into the audit committee? Speechless? U speak of Evergreen always have high integrity? Now this is a real case proven to showcase that the company has low integrity.
BTW...EVERGREEN NO NEED TO COMPLY...BCOS IT IS ONLY BEST PRACTISE..NOT COMPULSORY MAH....BUT U CAN SEE EVERGREEN QUICKLY ADOPTED IT...BCOS THEY HAVE VERY GOOD CORP GOVERNANCE MAH...!!
ckc ....why hevea executive director still in the audit committee leh?
interesting...seems like its a buy call from CKCS. Usually companies that are expanding but got ppl like CKCS in the group. It means the worst has past. =D
小鱼 ... this CKCS is just an idiot trying to sabotage Evergreen's share price so that he can collect cheap.... he is really very cheap... and he also dreams of his "massive" impact of trying to bring down the share price?
come on.. he is just a clown, a loser.. his words won't even have any impact on the share price...
the recent correction was mainly due to softer results as posted in recent quarter.. but that is expected as highlighted by management earlier on... we are embarking on the future of their expansion and that we all can notice that the cash flow has improved significantly...
and some idiot still stays at "massive debt" wrong accusations... he does not even know how to read cash flow and balance sheet.. pity him a lot...
check out how much cash evergreen has over the net debt... check out what is the shareholder funds evergreen has... check out their free cash flow, etc...
if this loser CKCS, is not interested in evergreen.. why the heck is he spending some much time here? nothing better do to? his intention is super obvious... haha
haha... i know you are being sarcastic 小鱼... haha... and i believe you have scrolled up and read all his childish and tweaked/manipulated statements...
wise ppl can tell who is telling lie and who is not... that is all I want to say... i believe you are one of the wise ones.. ^^
yes, i do believe he hell loves evergreen and is trying to bottom fish... pity him for his clown-like acts sometimes...
Rest assured, a director from the substantial shareholder is base in Segamat to see to the success of the high capex spent in Segamat plant. Demand for particleboard still v good. That's why hevea is doing v well n they have max their production. So this Segamat plant will add revenue n profit to evergreen soon.
Saying so much to that ckcs, no use one. Brain full of all shit, come here and be like a genius. Everyday debts debts debts , no buy this share and come out dunno from where. Halo, did ur mum know u doing nonsense? Those got problem company ,u also domt go there say things? Come here amd bull shitting. Really very pek cek de lo ,especially talking to idiot. What cert u getting? Wht theory u applying? Not offence? If u really good just show it to us ur professional cert. Idiot ckcs
Yes Evergreen is so special. It is so special that it is the ONLY exporter listed on Bursa to have its own profits HALVED when the super weak Ringgit is suppose to boost earnings! Profits cut half that is. What about its Sky High Borrowings? Debts not reduced but increased RM 1,812,000 more! totaling RM 207,069,000 now
How about cash as Dolly boasted before? Oops....it flopped from RM 160,308,000 to current RM 136,870,000 that is -ve 15% reduction!
So what about profits? It's collapsed and halved from RM 17,483,000 to current RM 10,539,000 (-39.72%) while its Y-o-Y collapsed (-48.89%) !!!
How about the results for that 5 latest quarters? Needless to say, it's just disappointing! Some more the MASSIVE DEBTS are now increased RM 1,812,000 more than its original debts totaling now RM 207,069,000 WOW! Debts not reduced but increased some more!
How about cash holdings? It flopped -15% from RM 160,308,000 to current RM 136,870,000 now.
Spent so much on CAPEX also cannot even lift up earnings? Maybe something not right about how the money was spent. Why the Henry Kuo resigned from the Audit committee? WHY HENRY KUO RESIGNED FROM AUDIT COMMITTEE? Siphoning money out of company's operation particularly through CAPEX? Hmmm...sure there is something fishy!! Tens of millions spent every quarters also cannot improve the company's earnings? Better report to authorities to investigate!
Instead of dedicating his time to drive the company as a third generation, he spend so much time on online social media. Pity those Evergreen shareholders who invested their money into it. No wonder the company's share price is falling and debts have grown massively into rm 207,069,000 !!
He's living a lavish lifestyles in the USA. From what I can see on his FB postings non-stop, he's basically enjoying and eating all the time & dedicating his time in religious commitment. What a douchebag! If u are shareholders of Evergreen, how do u feel? lol
is a fact, evergreen no drop anymore, and yesterday go up what u guy wan to explain? is it u wan to say it up for deal to settle certain debts? u can continue to blow de
U seriously act dumb just to defend Evergreen? Sigh....pity u
Long ago, u weren't talking this way? I've warned that the result is going to be worse and what's worrying the masses is that the MASSIVE Capex SPENDING continues!!!
Now its MASSIVE DEBTS have Ballooned up further! Cash also reduced -15% and most important the Net profit also flopped HALF! These are the worst case scenario for an exporter.
I WILL REVEAL TO U ......ONE POINT THAT WILL DECREASE EVERGREEN's PROFIT FURTHER DOWN:
MIDDLE EAST is EVERGREEN's LARGEST SINGLE EXPORT MARKET !!! PERIOD!!!
EVERGREEN's Revenues from Middle East Markets:- 2016: Middle East 419,449,662 (42.04%) revenues out of 997,794,615 2015: Middle East 457,245,946 (45.17%) revenues out of 1,012,342,362
Go read and check all details in Evergreen's Annual Reports before u try to accuse me of tweaking information ya!
this guy really ridiculous, day day massive debts, somemore last time say insider selling off the share, pls la, those director buy back. this guy full of imagination
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....
kmhb09558
146 posts
Posted by kmhb09558 > 2017-06-05 12:43 | Report Abuse
this shAre the 200MA is suppressing 20MA and 50MA need longer period to tp...