Macam fishing only....

Hevea products two segments...
RTA (ready to assemble) and particleboards...

a few years back, for 2012
RTA profits = 11.1 million
Particleboards profits = 1.9 million.

particleboards profits were shit then.....

last year
RTA profits = 19.2 million
Particleboards profits = 12.1 million.... see the potential?


this year.. 2quarters only...
RTA profits so far = 12.3 million
Particleboards profits = 18.5 million.... the profits from particleboards has clearly put Hevea profits up a couple of notches.
It no longer rely on RTA business to boost profits (having said that, as per half year, RTA profits should show excellent growth)


this is where, if I were interested, I were search info on global particleboards market....
ie... I need to know what kind of business economics I am looking at.

In May 2014 (last year... a bit stale news but the focus was 2017)

http://www.fdmcdigital.com/Global_particle...om_by_2017.html

other recent news on Hevea: http://www.thestar.com.my/Business/Busines...tion/?style=biz


yeah, I understand your 15 sen eps...
but I do think it's a bit.... on the low side.

why ?
cos last quarter result was for the period ending June 2015.
with Hevea doing sales mainly in USD...
and end June, USD was trading around 3.77...
USD now is around 4.27.....
so based on 'flat' sales, the USD factor will surely boost up Hevea's profits by ...... ?

Oh yeah... Hevea share price have jump up a lot..... a few bagger already....

Yes, but I do not think that is how to look at a share....

Previously... Hevea's share price was unexciting.... it carried debts.... profits weren't too booming..... and it was the DREADED furniture stock...
yeah..... all furniture business 'is said to come from Sungai Buloh'....
and they all tend to burn down one...
LOL!

Having said that...
yes.... it wasn't a stock to really look at...
remember how I even said it pale in comparisons with Homer?

but now...
it has changed...
the good cash flow (as noted by you)....
is turning this stock nicely....

profits are booming....
and it has a massive tax incentives that helps a lot.....
and what hevea is doing by starting to give more dividend helps......
I really have to say...
it's a different stock already......

and also....
it's doing the right things as a stock.
Holding stock conference call with analysts helps...
it put the stocks into the radar...
so much more info ( this is where it is now much better than Homer)

Will good business profits attract competition?
Yeah... sure will one.
isn't it the same, worldwide?




ps: don't buy laaaaa....

LOL!

my meaning is....

a few years ago...
in fact, to be more chin...
I was not positive on gloves....
esp on stocks like Top Glove....

now...
I think companies like Top Glove should be making much better profits....
rubber price low...
plus they sell in USD....

Lol reverse psychology ah... anyway dig further it looks good as long as they can maintain sales, waiting for suitable entry now.

Factory is not even up to full capacity and almost no capex.. so its pure free cash flow

How many bagger ah boon made already?

Last Q result was based on average USD of 3.65

This post has been edited by gark: Sep 21 2015, 06:00 PM

Where got reverse psychology?

This called Tai Chi......





So you think can double?

tehoice

See this screenshot.



See and compare the most recent reported quarter (which was boosted by strong USD) (top line) with other quarters.
( see the previous few quatrters? so many down trending quarter profits)

With the USD trading much higher, Top Glove should report earnings more than 11 sen eps.

my 3 sen laaaa

This post has been edited by Boon3: Sep 21 2015, 07:18 PM

management expects 2.5b revenue this year (so abt 11.7 cents per Q) but i think 13.5 cents per Q (11.7 * 1.15) should be reasonable given the favourable forex. Fair value should be 13.5 * 4 * PE 18 = RM 9.70. still got upside but not alot of bags la haha. if got bonus issue then lagi syiok. i was hoping to buy at SMA50 (RM6.90), but since next Q results will be out in second week of Oct, i think no chance to kutip that low.

This post has been edited by cooldownguy86: Sep 21 2015, 11:46 PM

if price drop go back to SMA20/30 (RM1.02-1.08) then cantik liao. kasi masuk traktor

Wow! A fan!

Err....I don't use any SMA.
I find it risky....

Bus can carry lots and lots of stuff....
Tractor????

Inari mana

Emm.. if they can grow profits then they might.

But then hor.. as USD goes up, they might lose some sales as things get expensive, consumer .. err consume less.

I read up their major export market is Japan and China, although the items are priced in USD, they are sold locally in CNY and JPY, which has also has some impact.

Conservatively I expect EPS 15-20, FV 1.50. On the bright side, they will pay back all thier loan by FY16, which means DY will expected to be up.

Only 1 good Q ..

The bigger factor is the USD factor.
Again, I do not rate US at all.

However, the weakness of the ringgit is the problem....

as long as the current situations prolongs...
the USD vs RM isn't going to get any weaker anytime soon...

hence, the USD 'strength' should continue to be a major booster for exporting companies.........

waaa focus lumbarrrr

gark!

Eh?

Wat happen?

I dunno, even though I rekomen Fokus Lambo but I belum sempat beli

abg boon abg gark. just wondering what is your current cash ratio and is there a min ratio that u practice?

Mine is still around 70%. Never seem to be able to invest it all...

I guess i am like TTB... still waiting for the super cheap stocks.. which never comes

This post has been edited by gark: Sep 22 2015, 09:56 PM

wah so conservative ah. mine 50% also I think conservative liao. but agree not many good and cheap stock in klse now