KLSE (MYR): EVERGRN (5101)
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Last Price
0.39
Today's Change
0.00 (0.00%)
Day's Change
0.375 - 0.395
Trading Volume
4,835,800
Opening
Closing
Allotment Date
Listing Date
Issue Price
-
Units
-
Share Capital
0.000
Public Issue
-
Offer for Sale
-
Private Placement
-
-
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I. PUBLIC ISSUE OF 93,660,000 NEW ORDINARY SHARES OF RM0.25 EACH AT AN ISSUE PRICE OF RM1.14 PER NEW ORDINARY SHARE PAYABLE IN FULL ON APPLICATION, COMPRISING:
- 24,000,000 NEW ORDINARY SHARES OF RM0.25 EACH AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC ;
- 6,000,000 NEW ORDINARY SHARES OF RM0.25 EACH AVAILABLE FOR SUBSCRIPTION BY ELIGIBLE DIRECTORS AND EMPLOYEES OF EVERGREEN FIBREBOARD BERHAD, ITS SUBSIDIARIES AND ASSOCIATED COMPANY;
- 10,660,000 NEW ORDINARY SHARES OF RM0.25 EACH BY WAY OF PLACEMENT TO PLACEES IDENTIFIED BY THE PLACEMENT AGENT; AND
- 53,000,000 NEW ORDINARY SHARES OF RM0.25 EACH BY WAY OF PLACEMENT TO BUMIPUTERA PARTIES APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY ("MITI");
AND
II. OFFER FOR SALE OF 113,000,000 ORDINARY SHARES OF RM0.25 EACH AT THE OFFER PRICE OF RM1.14 PER ORDINARY SHARE PAYABLE IN FULL ON APPLICATION COMPRISING:
- 41,500,000 ORDINARY SHARES OF RM0.25 EACH BY WAY OF PLACEMENT TO PLACEES IDENTIFIED BY THE PLACEMENT AGENT; AND
- 71,500,000 ORDINARY SHARES OF RM0.25 EACH BY WAY OF PLACEMENT TO BUMIPUTERA PARTIES APPROVED BY MITI
PURSUANT TO THE LISTING OF EVERGREEN FIBREBOARD BERHAD ON THE MAIN BOARD OF BURSA MALAYSIA SECURITIES BERHAD
EFB-NoticeOfProspectus (4KB).pdf
EFB-Cover-Definitions-Contents (674KB).pdf
EFB-CorpInfo-Summary-IPODetails-RiskFactors (1.3MB).pdf
EFB-InfoOnShareholders-ApprovalsConditions-RPT (1MB).pdf
EFB-LandedProperties (969KB).pdf
EFB-SummaryOfIndependentBusiness-ExpertRpt-DirectorsRpt (1.1MB).pdf
A lot depends on whether the company will manage shareholders’ expectation by giving dividend of at least 1-1.5sen, to be announced by end of next month. If it can give 5% yield at current market price, most shareholders will support and won’t sell their shares.
Q4 2022 struck the company very hard as some inventories in hand were sold subsequently at a loss, triggering some inventory impairment. This shows the company’s biz model isn’t very resilient and is subject to huge fluctuations in their product demand. The coming quarterly results in May are important as shareholders would like to see that the company at least stop bleeding operating cash, ie sustaining net losses of less than RM17m. The slowdown in order is very severe but the moment the company can guide via prospect commentary that recovery is insight, the share price will recover in tandem. But this company’s share always moved way before quarterly results announcement, so you may wanna give this company at least 2 more quarters before it can return to profitability.
2023-03-09 19:08
Price is recovering. Though next two quarterly results will likely be bad, recovery can be expected in Q4 2023.
2023-03-30 14:45
actually most of the losses/impairment are non-cash items. the cash/debt position for the company is actually improving this year
2023-03-31 17:00
Personally, I wouldn't chase. I am selling into strength, because my hypothesis is:
- Last time Aug 2020 (Covid), after downtrending and after breaking out above the 200dMA, it zoomed up without much retracement, so ...
- This time, alternation principle i.e. same conditions, it will retrace back strongly ...
Market rarely repeats, but rhymes.
I will buy back when it retraces.
2023-09-07 22:41
There are several product categories under the timber/wood-based products sector. The common characteristics is that they all use timber/logs as the ultimate raw materials and would be considered a cyclical sector. I screen for companies in this sector by looking at their performance relative to Eksons and Taann where I have detailed fundamental analysis. In this context, I would not consider EVERGRN past few years ROE to be better than those of Eksons. I have concluded that Eksons is a cash holding value trap so I would not dig deeper into EVERGRN
2023-10-21 09:03
EPS for the coming earnings will definitely improve by leaps and bounds.
2024-01-03 22:31
Demand evaporated. Need Singaporean directors to revive the performance.
2024-03-07 11:26
on the way back to glory days, recently Profitable after many quarters in the red.
3 weeks ago
Insider news, order booming, capacity fully utilized , it is a good sign ........
14 hours ago
curiousq
Yes! Is very cheap now!! No need to afraid, just buy! sifu already said, 31 sen is cigarette-butt price .... Buy when others are fearful. buy anything below 0.40 .... BUY NOW!!!
2023-03-07 09:39