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Annual Report Hints :
  firehawk 2 Comment on Material Change in Profit Before Taxation Against Preceding Quarter Current / Immediate Quarter Preceding /Quarter Changes 30-Sep-22 30-Jun-22 RM’000 RM’000 % Revenue 253,532 330,111 -23.2% Operating Profit 60,518 89,654 -32.5% Profit/(Loss) Before Interest and Tax 20,968 24,341 -13.9% Profit/(Loss) Before Tax 19,537 23,127 -15.5% Profit/(Loss) After Tax 15,203 18,339 -17.1% Profit/(Loss) Attributable to Owners of the Company 15,203 18,339 -17.1% The current quarter revenue decreased by 23.2% to RM253.53 million, as compared to RM330.11 million recorded in the preceding quarter. The decrease in revenue was mainly resulted from lower average selling price and sales volume from panel boards. The Group’s profit before tax was reported at RM19.54 million for the current quarter, compared to RM23.13 million recorded in the preceding quarter. The decrease in profit before tax was mainly due to lower sales. 31/12/2022 8:22 PM Jeremy_Chew @sense maker, i agree with you. EVERGREEN is one of the most under-rated companies in Bursa. It can make around 8sen EPS in a full year and just do a simple valuation at PE of 10, it should at least worth 80sen in the share price. Buying the share at below 40sen has huge potential to make great return up to 100% return 06/01/2023 12:18 PM sense maker Look at the total cash flow, the cash profits and EBITDA it generates each year, not just earnings or PE. Depreciation expense a year which is non-cash is RM0.09 a year. Look at how its cash balance grew over past years, and into future when capex needs diminish. Keep accumulating and hold tight till RM1. 06/01/2023 5:34 PM sense maker RM60m impairments and write-offs at year end. Excluding the foregoings, the company broke even ie didn’t make or lose any cash from operations in latest quarter. Orders have shrunk a lot amidst falling selling prices. The company’s return to positive accounting profits depends entirely on recovery of global furniture demand. 27/02/2023 8:16 PM sense maker The company generated RM116m operating cash in 2022, an improvement of RM5m over 2021. Shareholders would hope 2021 dividend of RM0.015 will be maintained for 2022, to be announced in Apr 2023. 27/02/2023 8:17 PM firehawk Q4，2022， The Group’s revenue for the quarter ended 31 December 2022 decreased by 33.1% or RM95.17 million to RM192.32 million from RM287.49 million recorded in the preceding year corresponding quarter. The decrease in revenue was mainly resulted from lower average selling price and sales volume. Loss before tax was reported at RM74.15 for the quarter ended 31 December 2022 as compared to profit before tax of RM15.49 million recorded in the corresponding quarter of the preceding year. The loss was mainly due to lower foreign exchange gain and non-cash losses such as impairment of plant, machinery, inventory and goodwill and loss on disposal of AOC as explained in Malaysia segment and Thailand segment above. 27/02/2023 9:10 PM firehawk For prudent investors, can just check the Quarterly Revenue of the last 10 years, you will find something very interesting ....... 27/02/2023 9:21 PM sense maker 31 sen is cigarette-butt price. Demand for its products will recover after a quarter or two. In 2022, this company still made RM116m operating cash. In 2023, maybe just RM20-30m. But in 2024, it should rise to around RM80-90m. Buy when others are fearful. 04/03/2023 4:51 PM 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!!! 07/03/2023 9:39 AM sense maker 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. 09/03/2023 7:08 PM sense maker Price is recovering. Though next two quarterly results will likely be bad, recovery can be expected in Q4 2023. 30/03/2023 2:45 PM alibiii actually most of the losses/impairment are non-cash items. the cash/debt position for the company is actually improving this year 31/03/2023 5:00 PM alibiii net debt now less than 20mil, probably will be net cash by end of the year 16/06/2023 10:09 AM DividendGuy67 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. 07/09/2023 10:41 PM Dehcomic01 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 21/10/2023 9:03 AM  Blue Tulip EPS for the coming earnings will definitely improve by leaps and bounds. 03/01/2024 10:31 PM sense maker Demand evaporated. Need Singaporean directors to revive the performance. 07/03/2024 11:26 AM Tanleechoo Why placed hope on Singapore director ? The current mgt can’t deliver ? 09/03/2024 8:45 PM  | |
