game just started.....it will shoot up to RM3.5 before ex-date.....after ex-date....then it will shoot up again to original RM3.5....u count by your own lah...still got at least 50%-100% profit can be earned
3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:- a) Selling Broker to deduct <1/3>, of Selling Price against the Selling Client b) Buying Broker to deduct <33.33%>, of Purchase Price against the Buying Client c) Between Broker and Broker, the deduction of <1/3>, of the Transacted Price is applicable.
Went up strongly in the morning session yesterday. After that was mired deep in the red territory before clawing back towards the end to drop 1sen. What a roller coaster! Could evergrn be also impacted by heveab?
syndicate???? oooooo....... No one asked me to be part of their syndicate huhuhu.... So I only rely on fundamental (and the occasional market rumour). EVGN looks fully valued at 15x EPS if based on 2015 results. If based on 2016 forecast, RM2.50 price means 12x which is where Hevea is now. If we take 15x then we're looking at TP of 3.19, an upside of 28%. If they resume dividend, then could be another re-rating catalyst. Fundamental wise, I like this counter. Got growth story for 2016 and 2017 (if you buy into their expansion story - which I do), got potential dividend return not yet priced into the stock and the macro situation looks to be in their favor for at least the next 6 months.
Buy for future, this one at least still can tahan 1 year.... Najisss so hard make rm become 4.4 ...must thank and appreciate him to make us in this kind of easy money condition wakakakaka
If I were Hevea shareholder, my heart sure cant tahan. Share price down and up and neutral. I think EVGN shares didnt move much because the attention was on Hevea. It's good that the Hevea MD came out to clarify but I wish he had done so via announcement on Bursa so that all investors can have equal access and not just to select CIMB clients. Now I will say upfront I'm bias towards EVGN so I wont say too much about the MD's replies. All I will say is if I were Hevea shareholder, I wished for better reply. When I read the MD replies (at least according to what CIMB write), I feel the answers were a bit reserved and only partially answered the questions. When I read the report by CIMB carefully, I dont feel the MD answered the allegations fully.
The main point I wanted to share with everyone is the fact that Hevea is going to 'fully repay' all its debts. Presumably they are referring to major USD/Euro loans and not ALL debts like the usual trade and non-trade short term debts. People celebrate this as a good thing. To me, it's double-edged. EVGN has loans, most of it short term and in RM but there are some not-too-small USD loans. I think they will load up on some more forex loans in future to finance their expansion, according to the analysts who cover EVGN. So having USD loans vs settling USD loans now, which is better? To me, USD is very high now so if you settle now, basically means there is realised forex loss. Imagine Hevea who took the loan of say USD10mil 5 years ago, that would be say RM35mil. But now, for every USD1 loan they repay, it will cost them RM4.40. But I guess Hevea doesnt have much choice bcoz they need to pay once it comes due. Good thing is in future, they dont need to service loan. Bad thing would be they paid it off when it was expensive, RM wise. Also once RM strengthen, their sales income would drop and they have no USD loan to offset and report as forex gains.
Different for EVGN. In future, when RM strengthens to below RM4, while EVGN will take a hit to its earnings like Hevea, EVGN will report forex gains from its USD loans. If they take a USD10mil loan now, they receive equivalent RM44mil but when RM is at say 3.5, the gains could be massive. If they buy the machine in USD/Euro in 2016 when RM is weak, the asset value will be high. They can claim higher capital allowance in RM.
I'm just sharing another view on the point of having USD loans or not. I'm glad EVGN prices are more steady as the roller coaster ride of Hevea is too much for an old-timer like me. As long as the trend is a steady UPWARDS one and not the downhill slide, that is!
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....
dalpinia
2,299 posts
Posted by dalpinia > 2016-01-08 17:02 | Report Abuse
game just started.....it will shoot up to RM3.5 before ex-date.....after ex-date....then it will shoot up again to original RM3.5....u count by your own lah...still got at least 50%-100% profit can be earned