Due to lockdowns in most of the countries, ppl tend of work from home and stay at home more. So they will upgrade/renovate their house, gardening etc and will buy more wood related products made from MDF, particleboards, plywood, etc... even with the recent news of vaccine, it at least still need 6-9 months to complete 3rd phase clinical trial before it is launched... and even after vaccine is launched, no one knows how effective it is and whether there is any side effect... in summary, more ppl will still choose to stay at home as much as possible even if the vaccine is out (after 6-9 months)...
i made 70% paper gain already but i think this counter can shoot up to at least 60sen in near term... so better wait.... dont sell too early... next quarter (Q3) should see turnaround profit in EVERGREEN
Please read. it reach 40 over cents.U see I put valuation above 34 cents.If people know chart there will not sell till it reach certain level.
Evergreen blog at 21-23 cents....
Posted by Michael Kwok > Aug 16, 2020 6:19 PM | Report Abuse X
I'm going to challenge HLG.IF investment bank still continue to use this kind of cautious rating,many Bursa company will bankcrupt lower price to raise fund or bank will not accept application for borrowing.Dear.....I may put above 34 cents pricing.( Reach)
besides that, with new US president, global trading will have less restrictions so that is extremely good to export companies like Evergreen, Homeriz, Flbhd, Hevea, etc
MATERIAL LITIGATION - A Writ of Summons and Statement of Claim filed by PT. HUTRINDO JAYA FIBREBOARD MANUFACTURING, Indonesian Legal Entity, based on Deed of Amendment No. 127 (referred to as Plaintiff I) and PT. UFORIN PRANJEN ADHESIV INDUSTRY, Indonesian Legal Entity based on Deed of Amendment No.128 (referred as Plaintiff II) against the Subsidiary, PT Hijau Lestari Raya Fibreboard and the Company.
The Company wishes to announce that the Writ of Summons and Statement of Claim on PT Hijau Lestari Raya Fibreboard & Evergreen Fibreboard Berhad, has been struck off from Palembang District Court registry as the case have been settled amicably at no cost imposed by the Court to all parties of which the Palembang Special District Court in Palembang, Indonesia have also acknowledged.
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....
thestockhunter
51 posts
Posted by thestockhunter > 2020-09-29 14:29 | Report Abuse
furniture stocks will be the new theme for october, collect now to enjoy the ride