Hopefully tomorrow up and not like other stocks good results but no strength to go up. At least this company is showing revenue growth as well. So not only gaining from forex but also improving operationally.
If you check back EVERGRN....the record is 15 quarters continuously positive profit. I'm not sure this co is entering the mid season like Poh Huat or not..hehehe
I dunno where you see 15 quarters continuous profit. Last year it went into losses. The year before that continuous losses. What company are you looking at?
The results come in as expected even though it is at the lower range of my forecast. Although the dividend is only 1c, it is a bonus and a good start to a new beginning. The PE is low and the share look cheap considering that my forecast for 2016 is $105m to 110m. Unfortunately this counter has been manipulated by some big brothers. Please be very careful if you are trying to trade for short term gain.
Long term.... Dividend will be given each quarter if not mistaken.... Many shark profit taking ...and they use their net profit in this counter keep trading... You are just like a girl play by him gao gao.lol
yea, having to see the result is so positive yet the price reacted so, it's very discouraging and heart-aching.. dilemma of current holding but seems like continue holding is the only option?
Practice to hold a long term share is my attitude... Now I'm more concern how much they will push down..worst is RM 0.90....I'm searching next entry point if worst coming....kekeke buy low sell high ma.
Expected it to trade ard 1.20s after posting a good quarter. Disappointed that the market reacted differently. IMO there is a hugh chance that someone is pressing the share price to keep it low for their own agenda. Like what I said before, the biggest loser are the mid term and retail players.
Evergreen Fibreboard Concerns over impairment losses overdone FY15 core net profit of RM96m ■ was in line at 96% of our full-year estimate. ■ Final DPS of 1 sen declared, as expected. It announced a dividend policy of at least 25% payout from FY16. ■ Excellent buying opportunity, as concerns over impairment loss are overdone. ■ Potential special dividend if the sale of non-core assets materialises this year. ■ Maintain Add rating. A potential catalyst is continued ringgit weakness. Operationally no surprises Revenue and core net profit tracked expectations on a stronger dollar, and lower log and glue costs. In addition, the internal restructuring efforts also resulted in cost savings. This resulted in gross margin improving from 25% to 36% in FY15 vs. FY14. For 4Q, its power plant in Thailand was shut down for two months for refurbishment of the boilers, which resulted in RM2m in “loss profits” from the sale of steam and electricity to the Thailand MDF plant. Exceptional items An impairment loss of RM3m was taken against its Masai plant and PB plants. We deem this as non-core. Thus, FY15 core net profit to RM96m was in line at 96% of our full-year estimate. Balance sheet and dividends EVF’s balance sheet remains healthy as net gearing fell from 26% to 8% after the private placement exercise. EVF has resumed its 25% dividend payout policy from FY16. Recall that it had suspended its dividend policy during the difficult years. The resumption of the dividend policy provides positive signal value to shareholders, in our view. Concerns about impairment loss are overdone EVF lost about RM170m in market capitalisation (c.20sen/share) in the few days before the results announcement on concerns about the size of the impairment losses. We view the market’s reaction as overdone and unjustified. At only RM3m (multiplied by 12.5x P/E), these impairment loss should only have had a RM38m impact (c.4 sen/share). EPS and target price tweaked We cut our FY16-17F EPS by 2% for housekeeping and update of balance sheet. Our target is lowered accordingly, still based on FY17 P/E of 12.5x (sector average). We maintain Add rating. Excellent buying opportunity We believe that the recent share price weakness was driven by the strengthening of the ringgit and concerns about the impairment losses. The current weakness is an excellent buying opportunity as 1) our forecasts are based on RM/US$ exchange rate of 4.00 vs. 4.20 currently. Every 1% depreciation increases FY16 EPS by 10%; and 2) the impairment loss was very small and we deem it non-core.
so i would agree that sharks are purposely pulling the share price down so that they can collect at low price... the fundamental of this stock is still very good...
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....
nekosan
3,637 posts
Posted by nekosan > 2016-02-29 17:23 | Report Abuse
wow ... congrats all. earning 9500% !!!! how amazing