Posted by Dolly_Chai > 2016-12-22 10:40 | Report Abuse

yes, guys, let's just ignore this joker sxckeperformer... he is still not ware of how disgusting and not-welcomed he is in this forum... how sick of him...

let me make one last blow to him on his idixtic and biased comments (for his personal agenda i guess, if not why spend so much time here... quite obvious, he missed the boat and is trying to pull down the share price - but who is he? does he have such influence.. haha.. )..


1) Debt of Evergreen (which is manageable and reasonable for the industry it is involved in) - he keeps saying that Hevea has zero debt but Evergreen has debt.. I have told him that Hevea is more like a furniture company as its 60% sales are from RTA (ready to assemble furniture) which are less capex intensive. Where as currently Evergreen manufactures 80% of raw MDF so it is more capex intensive in terms of the machineries and maintenance. They are not in the exact industries so you just can't compare directly.. he has not even answered my question on this one.. Yes, evergreen will target to build more RTA (current 5% of total revenue), but their main focus is still MDF at current stage. So, until one day when Evergreen has its RTA sales reach 50-60% of total revenue, then only it is fair to directly compare with Hevea on the debt/net cash...

2) Debt of Evergreen - again, let's discuss if the debt is bad or actually good for evergreen. We know that many business raise loans to expand. We have to examine whether their profit margin is higher than the interest they need to pay for the loan. Last year (2015 full year), evergreen net profit margin is 9.1%. This year (up to 9 months), due to forex loss, the net profit margin dropped to 7.3%. But this is still higher than the bank interest rate that they are paying for... example, if you earn RM10 additional but you pay RM5 for interest, u still get additional (net RM5) for the expansion... so why not to expand if you have net profit from there?

3) Dividend - he is again very biased and misleading here.. 2013-14 were bad years for Evergreen, we all know and admit that. This was due to the intense competition of MDF makers within ASEAN (as 2006-08 were good years and many new MDF makers ventured into this business can caused over-supply) However, as mentioned by Evergreen management, many small and incompetitive MDF players have been washed out (go bankrupt) during the bad years of 2012-2014 due to losses.. but evergreen as the biggest MDF player in ASEAN with strong footing and experience has weathered thru the storm and grow bigger now.. in fact, they ate up the market shares of those closed-shop small factories,.. so from 2013-14, we cannot expect evergreen to pay dividends during tough years.. why I said he is biased? When Hevea was in deep financial woes during 2009-2010, why did sxckperformer not question: why Hevea did not pay out dividend during tat time? see? he is manipulating his words...

4) Dividend - in latest AGM, Evergreen management has approved to give out at least 40% of net profit to shareholders... so, with the expansion plan almost done (will require less capex, and have more cash)... we can expect more dividend to come.. we invest in the future of Evergreem.. but this joker keeps talking about the past.. and he totally kept quiet about Hevea's past on the bad years.. and when raider said Hevea almost went bankrupt.. what did this sxckperformer say? Trump went bankrupt 3 times but now is a US president.. haha.. funny right? we know it is not end of day for bankruptcy, but we dislike his biased view on evergreen.. Hevea's past was bad, but it is ok.. Evergreen's past was bad, but it is not OK.. see it?

sxckperformer.. see.. i wasted so much time to explain to some idixt like u.. quickly thank me la.. coz i "put money in ur pocket" d...

Posted by Dolly_Chai > 2016-12-22 10:57 | Report Abuse

evergreen shareholders... u all can see it right?

this coward sxckperfomer still dares not answer my question until today (in contrary, I responded to all of his misleading and manipulated "facts"):

How pathetic he is... i pity his parents, really...

Posted by starperformer > 2016-12-22 15:04 | Report Abuse

RANKING OF INDEBTNESS:

1. HEVEA 109,790,000 (CASH) - 6,947,000 (LT BORROWINGS) - 8,164,000 (ST BORROWINGS) = 94,679,000 NET CASH POSITION
2. LATITUDE 173,205,000 (CASH) - 20,341,000 (LT BORROWINGS) - 67,797,000 (ST BORROWINGS) = 85,067,000 NET CASH POSITION
3. LIIHEN 113,946,000 (CASH) - 5,293,000 (LT BORROWINGS) - 29,053,000 (ST BORROWINGS) = 79,600,000 NET CASH POSITION
4. HOMERIZ 57,017,000 (CASH) - 0 (LT BORROWINGS) - 0 (ST BORROWINGS) = 57,017,000 NET CASH POSITION
5. SIGN 71,041,000 (CASH) - 18,531,000 (LT BORROWINGS) - 2,915,000 (ST BORROWINGS) = 49,595,000 NET CASH POSITION
6. SHH 31,989,000 (CASH) - 0 (LT BORROWINGS) - 6,635,000 (ST BORROWINGS) = 25,354,000 NET CASH POSITION
7. POHUAT 63,631,298 (CASH) - 1,652,965 (LT BORROWINGS) - 37,584,812 (ST BORROWINGS) = 24,393,521 NET CASH POSITION
8. FLBHD 21,716,000 (CASH) - 0 (LT BORROWINGS) - 0 (ST BORROWINGS) = 21,716,000 NET CASH POSITION
9. JAYCORP 35,951,000 (CASH) - 7,384,000 (LT BORROWINGS) - 11,636,000 (ST BORROWINGS) = 16,931,000 NET CASH POSITION
10. MIECO 16,905,000 (CASH) - 0 (LT BORROWINGS) - 56,153,000 (ST BORROWINGS) = -39,248,000 NET DEBTS POSITION
11. EVERGREEN 141,018,000 (CASH) - 108,952,000 (LT BORROWINGS) - 107,633,000 (ST BORROWINGS) = -75,567,000 NET DEBTS POSITION
12. SYF 1,730,000 (CASH) - 51,127,000 (LT BORROWINGS) - 64,543,000 (ST BORROWINGS) = -113,940,000 NET DEBTS POSITION

LT = Long Term
ST = Short Term

Both HOMERIZ and FLBHD have NO BORROWINGS at all and hold lots of cash. Among all, the worst is EVERGREEN which has mountains of debts. LATITUDE is the one holding lots of cash on hand. Which one has the most debts though having the highest market cap? Justifiable? These are very alarming facts. I believe people know how to choose the stocks properly. I will reveal more.....

Posted by starperformer > 2016-12-22 15:09 | Report Abuse

U can kiss Evergreen goodbye already. Check it yourself.

Posted by Dolly_Chai > 2016-12-22 15:27 | Report Abuse

haha... u see how this loser and joker keeps manipulating facts.. let me show him Ricky Yeo's analysis again on how these furniture makers require much lesser capex for their business...

http://klse.i3investor.com/blogs/JTYeo/96888.jsp

and he just ignored it.. and keeps telling his old grandmother story (on the same thing, which is misleading and manipulated)...

come on la.. u have not even answered my question:

is evergreen a furniture stock at current stage? is it fair to compare its capex intensive business with "pure/mainly" furniture makers which are less capex intensive?

Posted by Dolly_Chai > 2016-12-22 15:27 | Report Abuse

is evergreen a furniture stock at current stage? is it fair to compare its capex intensive business with "pure/mainly" furniture makers which are less capex intensive?

Posted by Dolly_Chai > 2016-12-22 15:28 | Report Abuse

i have to repost many times as this sxckperformer keeps diverting topic.. such a coward, dare not answer my question.. why? bcoz he knows the answer himself!!!

Posted by Dolly_Chai > 2016-12-22 15:35 | Report Abuse

come on loser sxckperformer, dun repeat your same old grandma story which is misleading and twisted... can u even lump evergreen under "furniture stock"... answer me... why dun u categorize Airasia as furniture stock too...

Ricky Yeo, a very good value investor did raise this out too:

These are the fixed assets extracted from the reports. When you look at plant, machineries & equipments (PPE), Hevea needs around RM170 mil of PPE to generate RM503 mil of revenue, or 2.95x. In contrast, Homeritz can generate RM146 mil of revenue with only RM4 mil worth of PPE. That's 32.95x.

Is that because Hevea is inferior? No, it is simply because they are in a different business. For a particleboard manufacturer like Hevea, the amount of machineries they need to chip, flake, dry, mat forming, hot pressing, sanding, sizing, laminating, to turn timber into particleboard are a lot.

In comparison, the machineries you need to turn particleboard into an upholstered sofa is very little. Sanding, polishing and some cutting tools should do the work. In saying that, the workmanship needed to turn the sofa into a high-end quality product will translate into higher expenses too. Pohuat & Latitude would have more similiarities to Homeritz than Hevea, while Hevea's business is more similar to Mieco.

Posted by Dolly_Chai > 2016-12-22 15:35 | Report Abuse

basically Ricky is comparing Hevea with Homeriz..

But similar thing applies here.. why?

Hevea has 60% (huge portion) of revenue in RTA furniture so it requires less capex for machineries etc as compared to evergreen (only 5% RTA, mainly on MDF at current stage).

But, the management invested in capex (for advanced machines) to reduce labor cost and dependency on foreign worker..) see how Homeriz is facing now.. lack of labor and cause revenue and profit down...

so, if Evergreen's RTA business is also 60%... u will probably see they dun need so much capex... but at current stage, he is comparing apple with orange.. see how misleading he is...

Posted by Dolly_Chai > 2016-12-22 15:36 | Report Abuse

COME ON COWARD sxckperformer.. dun run away, just answer my question!

Posted by starperformer > 2016-12-22 15:38 | Report Abuse

Many speak about good debts are good. For a company that is in the business of producing & exporting goods to overseas or locally, it borrowed more debts does not mean it's good because it all depends on the demands and economic situation. When it's inventories rise, it is a sign that it may not be able to sell the produced goods in it's own factories therefore u must look at the numbers carefully in the reports. Evergreen expands the facilities and increase capacities should be more careful especially with it's own total borrowings which is the highest ever among all industry players alike.

There is one thing that caught my eye, why is Evergreen's Long-term debts jumped +88.38% from RM 57.836m to RM 108.952m compared to previous quarter and also could be the increased in cash amounting RM 141.018m is boosted with sudden jumped in Long term borrowings? Plz check very carefully before u reply.

Posted by Dolly_Chai > 2016-12-22 15:41 | Report Abuse

how pathetic and desperate this joker is now.. comparing evergreen with all furniture stocks which are not capex intensive... haha... just trying to defend his own lie and plot to bring down evergreen..

come on, investors are smart.. wont be influenced by your lie and manipulated statements..

Posted by starperformer > 2016-12-22 15:47 | Report Abuse

Dolly zai talks too much nonsense without proper discussion. Do u dare to take on what I posted? It's all taken from all latest quarterly reports of all the companies. So if u try to say I'm bluffing then all the companies are cheating???

Posted by starperformer > 2016-12-22 15:50 | Report Abuse

Now comes a new coward Freeasbird? lol I think u can do better than that. STF is the worst but Evergreen has the highest outstanding debts.

Posted by Kingsley Looi > 2016-12-22 15:52 | Report Abuse

Dolly, stop being a idiot

Posted by pharker > 2016-12-22 16:04 | Report Abuse

This thread is becoming very vulgar...and out of hand. People should always remember this golden rule :-

No matter how different the other's opinion is from yours, or seems stupid to you...you have the right to disagree but do it professionally or diplomatically

Do not draw first blood by dishing out vulgarity no matter how much disagreement you harbor

Admin should ban the party that first dish out vulgarity

Posted by starperformer > 2016-12-22 16:23 | Report Abuse

The reason those people such as Freeasbird or Dolly acting like that is because they could not reason it out with facts.

Dolly, what and which points that I lied about? Can u be specific? I never create anything artificial. If u cannot explain with supporting facts then u can should simply admit it.

Posted by starperformer > 2016-12-22 16:27 | Report Abuse

I believe some people will find my efforts to lay out the factual data among all related companies to be useful. Definitely, I'm not buying SYF, EVERGREEN and MIECO. I'm discussing these so that Dolly and friends should not mislead people to think the Evergreen's debts are manageable.

Posted by starperformer > 2016-12-22 16:36 | Report Abuse

I would say SIGN, HOMERIZ, LIIHEN, LATITUDE and HEVEA are worth to buy especially Homeriz has no borrowings at all.

JAYCORP, FLBHD, POHUAT and SHH are worthy as well especially FLBHD has no borrowings at all.

LIIHEN, LATITUDE and HEVEA are on upper hand. Believe it, the fundamentals of all these companies will be reflected in their share prices eventually. MIECO's share price could possibly be manipulated so beware.

Posted by starperformer > 2016-12-22 16:47 | Report Abuse

Rankings and compare:

1. HEVEA: 109,790,000(CASH) - 6,947,000(LTB) - 8,164,000(STB) = 94,679,000 NET CASH
2. LATITUDE: 173,205,000(CASH) - 20,341,000(LTB) - 67,797,000(STB) = 85,067,000 NET CASH
3. LIIHEN: 113,946,000(CASH) - 5,293,000(LTB) - 29,053,000(STB) = 79,600,000 NET CASH
4. HOMERIZ: 57,017,000(CASH) - 0(LTB) - 0(STB) = 57,017,000 NET CASH
5. SIGN: 71,041,000(CASH) - 18,531,000(LTB) - 2,915,000(STB) = 49,595,000 NET CASH
6. SHH: 31,989,000(CASH) - 0(LTB) - 6,635,000(STB) = 25,354,000 NET CASH
7. POHUAT: 63,631,298(CASH) - 1,652,965(LTB) - 37,584,812(STB) = 24,393,521 NET CASH
8. FLBHD: 21,716,000(CASH) - 0(LTB) - 0(STB) = 21,716,000 NET CASH
9. JAYCORP: 35,951,000(CASH) - 7,384,000(LTB) - 11,636,000(STB) = 16,931,000 NET CASH
10. MIECO: 16,905,000(CASH) - 0(LTB) - 56,153,000(STB) = -39,248,000 NET DEBTS
11. EVERGREEN: 141,018,000(CASH) - 108,952,000(LTB) - 107,633,000(STB) = -75,567,000 NET DEBTS
12. SYF: 1,730,000(CASH) - 51,127,000(LTB) - 64,543,000(STB) = -113,940,000 NET DEBTS

LTB: Long Term Borrowings
STB: Short Term Borrowings

Posted by Olga > 2016-12-22 19:00 | Report Abuse

hmm.. not bad.. thx for sharing..

Posted by Dolly_Chai > 2016-12-23 09:15 | Report Abuse

sxckperformer... see how biased he is.. he only mentioned about the increase in long-term debt.. but did not mention the huge decrease in short-term debt:

2016 short term borrowing = RM107,633,000
2015 short term borrowing = RM161,479,000

Posted by Dolly_Chai > 2016-12-23 09:15 | Report Abuse

in terms of your misleading info on debt of evergreen, i will show you proof:

refer to latest Q3 report:
2016 cash and cash equivalents = RM141,018,000
2015 cash and cash equivalents = RM116,571,000

2016 long term borrowing = RM108,952,000
2016 short term borrowing = RM107,633,000
2015 long term borrowing = RM37,229,00
2015 short term borrowing = RM161,479,000

compare yourself:
net debt (minus cash) of 2016 as of sept 30th = RM75,567,000
net debt (minus cash) of 2015 as of sept 30th = RM82,137,000

in fact, evergreen has reduced their net debt in 2016 compared to 2015... so, confirmed you are misleading

Posted by Dolly_Chai > 2016-12-23 09:18 | Report Abuse

sxckperformer keeps saying i did not point out his misleading statements...
i have reasoned it out many times but he chose to ignore... how pathetic he is..

again:
yes, guys, let's just ignore this joker sxckeperformer... he is still not ware of how disgusting and not-welcomed he is in this forum... how sick of him...

let me make one last blow to him on his idixtic and biased comments (for his personal agenda i guess, if not why spend so much time here... quite obvious, he missed the boat and is trying to pull down the share price - but who is he? does he have such influence.. haha.. )..


1) Debt of Evergreen (which is manageable and reasonable for the industry it is involved in) - he keeps saying that Hevea has zero debt but Evergreen has debt.. I have told him that Hevea is more like a furniture company as its 60% sales are from RTA (ready to assemble furniture) which are less capex intensive. Where as currently Evergreen manufactures 80% of raw MDF so it is more capex intensive in terms of the machineries and maintenance. They are not in the exact industries so you just can't compare directly.. he has not even answered my question on this one.. Yes, evergreen will target to build more RTA (current 5% of total revenue), but their main focus is still MDF at current stage. So, until one day when Evergreen has its RTA sales reach 50-60% of total revenue, then only it is fair to directly compare with Hevea on the debt/net cash...

2) Debt of Evergreen - again, let's discuss if the debt is bad or actually good for evergreen. We know that many business raise loans to expand. We have to examine whether their profit margin is higher than the interest they need to pay for the loan. Last year (2015 full year), evergreen net profit margin is 9.1%. This year (up to 9 months), due to forex loss, the net profit margin dropped to 7.3%. But this is still higher than the bank interest rate that they are paying for... example, if you earn RM10 additional but you pay RM5 for interest, u still get additional (net RM5) for the expansion... so why not to expand if you have net profit from there?

3) Dividend - he is again very biased and misleading here.. 2013-14 were bad years for Evergreen, we all know and admit that. This was due to the intense competition of MDF makers within ASEAN (as 2006-08 were good years and many new MDF makers ventured into this business can caused over-supply) However, as mentioned by Evergreen management, many small and incompetitive MDF players have been washed out (go bankrupt) during the bad years of 2012-2014 due to losses.. but evergreen as the biggest MDF player in ASEAN with strong footing and experience has weathered thru the storm and grow bigger now.. in fact, they ate up the market shares of those closed-shop small factories,.. so from 2013-14, we cannot expect evergreen to pay dividends during tough years.. why I said he is biased? When Hevea was in deep financial woes during 2009-2010, why did sxckperformer not question: why Hevea did not pay out dividend during tat time? see? he is manipulating his words...

4) Dividend - in latest AGM, Evergreen management has approved to give out at least 40% of net profit to shareholders... so, with the expansion plan almost done (will require less capex, and have more cash)... we can expect more dividend to come.. we invest in the future of Evergreem.. but this joker keeps talking about the past.. and he totally kept quiet about Hevea's past on the bad years.. and when raider said Hevea almost went bankrupt.. what did this sxckperformer say? Trump went bankrupt 3 times but now is a US president.. haha.. funny right? we know it is not end of day for bankruptcy, but we dislike his biased view on evergreen.. Hevea's past was bad, but it is ok.. Evergreen's past was bad, but it is not OK.. see it?

sxckperformer.. see.. i wasted so much time to explain to some idixt like u.. quickly thank me la.. coz i "put money in ur pocket" d...

Posted by Dolly_Chai > 2016-12-23 09:19 | Report Abuse

and coward cum no-bxlls sxckperformer.. i have answered all ur questions with a great slam on your face.. but u have not even answered my simple question:

is evergreen a furniture stock at current stage? is it fair to compare its capex intensive business with "pure/mainly" furniture makers which are less capex intensive?

Posted by Dolly_Chai > 2016-12-23 09:20 | Report Abuse

Kingsley Looi, what is ur problem?

Posted by starperformer > 2016-12-23 09:52 | Report Abuse

Dolly zai, u failed to promote Evergreen and mislead people into believing it's borrowings is second to none or manageable but in fact Evergreen has the highest borrowings among it's relate-able peers at a whopping RM 216,585,000. You should really see the facts. All figures are taken out from all latest quarterly reports. GO check it yourself.

Posted by starperformer > 2016-12-23 10:15 | Report Abuse

Don't mislead people into believing your half-truths and it is still wise to discuss not only the pros but the cons of each stock as well. I simply shared my findings & views based on what are readily available in all the quarterly/annual reports. Be a responsible commentator and learn by sharing knowledge, views and information.

Posted by Kingsley Looi > 2016-12-23 10:37 | Report Abuse

Dolly, my problem is: stop argue with the idiot which will make you idiot = stop being a idiot!

Posted by Kingsley Looi > 2016-12-23 10:39 | Report Abuse

no one asking his opinion, and no one trust what he shared, so no point to argue him. It's only make yourself same lvl like him. We sit here let him joke around, dont waste ur finger's energy.

Posted by joerakmo > 2016-12-23 10:44 | Report Abuse

No point beating up each other ...both have points.
remember price does not equal value.
One is currently steady with higher profit margins the other is expanding and have higher propensity for earnings surprises.Look at the business and not just balance sheet.
Determine your own investment criteria and put some money to work!

Posted by starperformer > 2016-12-23 11:02 | Report Abuse

5 consecutive quarters of falling net profits is a serious signal:

EVERGREEN
Financial quarter 30 Sep 2015: PBT 34,757,000 Net Profit 27,586,000 EPS 5.38 sen
Financial quarter 31 Dec 2015: PBT 27,290,000 Net Profit 21,029,000 EPS 4.06 sen
Financial quarter 31 Mar 2016: PBT 20,619,000 Net Profit 20,619,000 EPS 2.68 sen
Financial quarter 30 Jun 2016: PBT 16,459,000 Net Profit 16,459,000 EPS 2.04 sen
Financial quarter 30 Sep 2016: PBT 16,880,000 Net Profit 16,880,000 EPS 2.06 sen

Posted by Sephy > 2016-12-23 11:53 | Report Abuse

today trading volume super thin.

Posted by starperformer > 2016-12-23 13:04 | Report Abuse

Some individuals create multiple ID to promote a stock irresponsibly without admitting the facts and try to talk their way out. This is what we call them misleading.

Freeasbird, u muttered out bad words previously is acceptable? Without feeling apologetic, u continue ur vulgarities. What an unreasonable idiot. Same as a crab walk & talk sideways.

Posted by starperformer > 2016-12-23 15:31 | Report Abuse

Looking at the borrowings is important and never underestimate the implications of over-borrowing beyond a company's capacity. During tough economic climate, borrowing is a fundamental obligation and it will weigh down a company's financial strength further in the event that sales are deteriorating. Some people are hoping for the growth stories during and after expansion but nothing is a sure thing therefore u should really look into it's balance sheets from past to present ones as well. That is a certainty u can hold onto presently.

Posted by Dolly_Chai > 2016-12-23 15:33 | Report Abuse

hi kingsley looi.. ok, noted on your comment.. i will stop arguing with this idixt sxckperformer.. there is no end to argue with him as until today, he still could not find his bxlls to answer my questions (in contrary, I already explained why his so-called "facts" are all manipulated).. investors here can see it.. i wont argue anymore... coz arguing with a pondan is really useless.. u r right...

unless he really answers my simple question, i won't entertain him anymore...

Posted by Dolly_Chai > 2016-12-23 15:34 | Report Abuse

joerakmo, u r a wise man... we share the same view... happy investing...

Posted by starperformer > 2016-12-23 15:54 | Report Abuse

Manipulated facts? Lol plz wake up and stop ur lies lah Dolly! WHAT and WHICH points did I lied? Can u tell the world now?

Posted by starperformer > 2016-12-23 16:12 | Report Abuse

I think admin has banned Freeasbird for good. Grow up and be a man!

Posted by stockraider > 2016-12-26 09:54 | Report Abuse

EVERGREEN PASS WITH FLYING COLORS WHEN U APPLY WITH WORKING CAPITAL TEST!!

Working capital management is the main determinant in the liquidity position of a company.
Liquidity or Working Capital Ratios
Cash Conversion cycle is just one part of assessing the working capital position.
Other is the computation of
Current Ratio,
Acid-test Ratio and
Cash Ratio.

Current Ratio
Current Ratio is the basic and the most used amongst the list of liquidity ratios.
It is also known as working capital ratio and is stated as below:
Current Ratio= Current Assets/ Current Liabilities
The resultant figure represents the number of times current assets cover current liabilities.
Higher the ratio better it is.
However, this ratio can be higher even if cash is trapped in receivables and inventories.

Acid Test Ratio
Acid test ratio is also known as quick ratio and it considers only “highly” liquid assets in consideration.
Acid Test ratio = (Current Assets- Stock- prepaid expenses)/ Current Liabilities
Acid test ratio doesn't include inventories but does include receivables and so thought a refinement of current ratio may still mislead at times

Cash Ratio
This one is a further refinement of Acid Test ratio and considers only Cash and cash equivalents for the purpose of measuring liquidity.
Cash Ratio = Cash + Cash equivalents / Current liabilities

The above ratios and Cash Conversion Cycle determine the working capital position of a company.
However, we always maintain that one aspect of the entire financial position cannot be considered as representative of the total financial health of a company.
So here are a few cautionary words for cases when you just have working capital figures to contend with.

Factors to consider when assessing working capital position of a Company
1. Healthy and unhealthy working capital position can be generalized only according to the industry and sector an entity is operating in. Some entities by nature have higher liquidity and some low;
2. Higher liquidity is not always favourable as it may indicate under-utilisation of resources and money. You will need to further dig in to find if this is the case;
3. Consider recent sale, purchase, construction of an asset, pre-closure of loan or liquidation of a big liability owing to strategic decisions that affect liquidity tremendously;
4. Change in trade terms, seasonal nature of goods sold also has a strong bearing on liquidity position.

Working capital management is extremely important for companies.
It is the main determinant in the liquidity position of a company.
Profitable companies can go bankrupt due to a paucity of liquidity.

BASED ON ABOVE TEST; EVERGREEN FINANCIAL MANAGEMENT IS RATED AAA LOH..!!

Posted by starperformer > 2016-12-27 09:28 | Report Abuse

This is one of the worst stock to hold. It has 216.585m of borrowings from banks and net debts amount to 75m. The highest among it's peers!! It chose to proceed with expansion BUT at the wrong timing during weak global economies and trade wars with protectionism policies among governments of the world. Net profits declining for 5 consecutive quarters is a serious signal, look below:

EVERGREEN
Financial quarter 30 Sep 2015: PBT 34,757,000 Net Profit 27,586,000 EPS 5.38 sen
Financial quarter 31 Dec 2015: PBT 27,290,000 Net Profit 21,029,000 EPS 4.06 sen
Financial quarter 31 Mar 2016: PBT 20,619,000 Net Profit 20,619,000 EPS 2.68 sen
Financial quarter 30 Jun 2016: PBT 16,459,000 Net Profit 16,459,000 EPS 2.04 sen
Financial quarter 30 Sep 2016: PBT 16,880,000 Net Profit 16,880,000 EPS 2.06 sen

It's supporters promoting it actively is because they were trapped in this stock. Do not think it's whopping 216.585m borrowings are manageable. Figure out this--> HOW MANY QUARTERS OF NET PROFITS ARE NEEDED TO REPAY BACK THE BORROWING DEBTS? All businesses in the country know more headwinds are coming so why would u choose a company which has the highest debts compared to it's peers?

Posted by Dolly_Chai > 2016-12-27 09:47 | Report Abuse

raider, pls stop..i have decided to stop arguing with idiot too, thanks to advice from Kingsley Looi.. there is no end and no point to argue with this pondan as he has not even answered my question... yes, asked me which part did he lie or manipulate... readers here can see it clearly.. he is biased and did not do fair comparison..

let's all stop here... it is time wasting to argue with coward who divert from my simple question

Posted by starperformer > 2016-12-27 09:55 | Report Abuse

Dollychai, people can know u are hypocrite from how u answered and replied to the debate from the start. Now u have to use dirty names calling just to ease ur frustration. Sad case. Which part did I manipulate if u can point out clearly and exactly to be specific? Answer is none. All are factual data taken out from all the TWELVE companies. Does Evergreen's borrowings not the highest among all related companies? Manageable? SYF is worse but Evergreen is the worst.

Posted by Dolly_Chai > 2016-12-27 12:30 | Report Abuse

admin, can u stop a dog who keeps barking? haha.. mankind already decided not to debate with no-ballsss dog (as IT keeps running away from human question).... but IT is really dogging human being non-stop.. haha

Posted by stockraider > 2016-12-27 12:37 |

Post removed.Why?

Posted by starperformer > 2016-12-27 13:22 | Report Abuse

Somebody has mental issues using multiple ID to promote. There is good reason why he got kicked out of investlah forum. Sad case lol

Posted by Evergreen5101 > 2016-12-27 14:32 | Report Abuse

Take note...having debts = the company no good?
must be joking... you serious?

Posted by Evergreen5101 > 2016-12-27 14:32 | Report Abuse

meaning to say expansion have to use own money? Is it a wise move?

Posted by stockraider > 2016-12-27 14:36 |

Post removed.Why?

Posted by Evergreen5101 > 2016-12-27 14:55 | Report Abuse

starperformer thank you very much for your opinion.

I get to learn from you is doing business cannot have debts, if company want to have expansion have to use own money, better dun borrow money from bank...

Thank you.