ntrend what's your technical view? No one is interested to push it up. I could see that all seller has gone now. Otherwise some one would have sell down at 1.24.
JN88. It might get there. I think CIMB exchange assumption was $3.8. Given that the last quarter were mostly above $4. They mentioned every 10c would have an impact of 9% on bottom line. on that basis if you time you get $2.11 when you multiply their TP by 20%. With the propose sale of land and special dividend after the sale of land I expect the share to run next week.
It will need to get through a few range of resistance, having to see that we couldn't control the pool of the contra players... but once RM1.30 is breached, it should be going up a range before hitting resistance likely around 138 - 140.
US DJ future looking good. Its neutral. Evergreen next resistance at $1.32 after that $1.36. Have a great weekend all. hope you all Huat ah..Have fun and be safe. cheers
Government has stop the coming of foreign worker program which will affect furniture company as furniture company needed alot of foreign worker. This is because the work of furniture conpany is dirty and difficult which local worker don like it. Beware with this. Next week people will sell on news.
Wakakakakakaka hahahahahaha ryong92 tell me how evergreen achieve 1b revenue. Hahahahahahahahahahahahaha you want to buy si bor ....sorry LA 1.1 no more stock ...next week 1.3.
ryong, that stop of foreign worker implies future workers. the foreign workers needed by the company are already in the country and are working daily. use brain pls
Do not be slave to fear. Evergreen in fact has reduced the number of non skill workers last year due to automation and the impact will be seen this year. There will be further efficiency improvement. As to dividend I think there is a 90% chance that they will distribute a dividend as I expect the result of last quarter be exceptional given the exchange rate then. Further more there is a good chance that they will sell their Masai property and 4400 acres of plantation in 2016. Evergreen operating manager had mentioned that there will be a special dividend distribution if they manage to sell the eared mark property.
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....
Mohammad Farid Mohd Taufik
35 posts
Posted by Mohammad Farid Mohd Taufik > 2016-02-19 11:20 | Report Abuse
USD strengthening