During uncertain times, there will be more value investors emerge seeking for bargains and undervalued stocks. These funds or private investors will likely switch their stock holdings from those high-flying stocks to those undervalued or with strong economic moat. EVERGRN is one of the key players of MDF exporter in the ASEAN region and this is coupled with the upgrading and further automation of their production line, that will improve it's productivity and efficiency. Think like a business owner, not gamble your money here and you will be doing fine.
Invest into this company for it's business because this is a golden opportunity at such low share price level. RM is weakening and would be good for most exporter in malaysia.
MATA Technical Division: Evergreen is on my watchlist before. However I am unaware of the rebound. In my view the correction has ended at the RM0.735 and this rebound could possibly be genuine as the share price is well supported by the volume. For now the price action is retesting the resistance trendline. A break above the trendline opens the door for RM 0.99 to RM1.07 next. It is worth mentioning that above RM1.21 would restore more confidence toward the bullish view going forward.
USD ease to RM4 and below? Fed has indicated that the interest rate will be increased either end of this year or beginning of next year + You think Malaysia's economy is doing well? ha!
I have done detail quarter analysis from 201 till 2Q2016. During 2Q2016, company has spent 40mil on equipment purchase which is possible of the new RTA line. RTA will only start contribute on 3Q assuming it takes time for the commissioning and testing. 1Q and 2Q has seen major plan shut down and maintenance on Malaysia and Thailand plant which is done yearly. Now the remaining 2 quarters of 2016 should not seen any impact anymore. Company allocated 106 mil for capital expenditure, now only spent 70 mil. The remaining should be for MDF line moved to Segamat plant and particle board line upgrade which it has been idle since 2013. If everything runs smooth, we shall expect to see MDF line in Segamat starts to contribute by end of 3Q or 4Q and particle board should be by 2017. I am expecting some good result on 3Q due to RTA line and strong USD. Will price runs before 3Q result? I will think YES. Why? TA wise has shown the chart ready to breakout anytime. 1st medium (3 months time) target is RM1.2
Usd up 0.5% today, share price declining. What happen if usd ease coming few days. Again, I perdict the share price will drop below 0.90 before Friday. Sell now is wise choice.
oh.. moneykj is not only a joker, he is a God too who can predict the share price before Friday.. clap clap... no human being in this world can predict the share price in this way i guess.. so he must be the God... others can only buy and wait for future share price appreciation but as to when the share price will go up/down and as to how much it can go up/down, no one can really answer that...
after many years, EVERGREEN had established his markets and customer network. From the record, this company had stable profit. Good to keep for long term. :). I had waited for this hidden GEM and collected.
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....
moneykj
6,141 posts
Posted by moneykj > 2016-09-06 08:16 | Report Abuse
Party is over