【EVERGRN 5101 交流专区】长青纤维板

origen

可能plywood，MDF，锯木市场不同样，而且财务报告时间滞后（time lag）

shuhjiunho

原帖由 origen 于 24-8-2007 03:08 PM 发表
这方面很差，以锯木来说，去年开始他们给很多本地order，但今年头要交贷时（一般上order到交贷有三个月到半年左右时间）这些本地出口商给欧洲老搞死了，因为他们临时要上船突然取消许多order，听说是欧洲老阴谋 ...

这个就是散户和大户的区别了。

大户联合起来，逼商家商户内讧，自己杀自己，他们从中得益。不可以顶的商家就贱价出售，一而再，再而三的降价，酿成恶性循环。无奈我们的商家大多数都是华人为主，最会自己顾自己，团结不起来，所以永远被这些大户骑着。只要我们一天还不能看透这一点，我们永远都是输家。。。

8years

有道理，看来everygn可不可以大量投资看下一季的财报就可以知道了，如果下季在这种情况还能有好的成绩，那么就是它不受影响了。

感谢感谢

mjchua

原帖由 origen 于 24-8-2007 03:08 PM 发表
这方面很差，以锯木来说，去年开始他们给很多本地order，但今年头要交贷时（一般上order到交贷有三个月到半年左右时间）这些本地出口商给欧洲老搞死了，因为他们临时要上船突然取消许多order，听说是欧洲老阴谋 ...

你說的是木材(原料)需求... 還是加工後的木板(製成品)需求 ?

[ 本帖最后由 mjchua 于 24-8-2007 03:40 PM 编辑 ]

origen

HO兄果然是眼光非凡，一言道尽困境的根源。。真的佩服！
八年老友，下次如果我那行有什么改变，我会告诉你们，作为参考也好。
Chua 兄，锯木对欧洲老或大多数的买方还是原料，他们还要加工。。

mjchua

原帖由 origen 于 24-8-2007 04:37 PM 发表
HO兄果然是眼光非凡，一言道尽困境的根源。。真的佩服！
八年老友，下次如果我那行有什么改变，我会告诉你们，作为参考也好。
Chua 兄，锯木对欧洲老或大多数的买方还是原料，他们还要加工。。

所以只是木材原料問題... 對長青來說是好事...

origen

Chua 兄，我的小小看法，如果那间公司拥有大片大片森林来开放，提取原料（balak），它会是最后的胜利者！

mjchua

原帖由 origen 于 24-8-2007 05:07 PM 发表
Chua 兄，我的小小看法，如果那间公司拥有大片大片森林来开放，提取原料（balak），它会是最后的胜利者！

origen 兄, 長青朝著這個方向前進著

gutt

我老豆，老哥做家私和装修的，天天都叫喊木材起价。。
都搞不懂真起假起，唯有，
贵来贵卖！！

origen

没变啊，balak来源越来越少，价格越来越昂贵。。家私和装修的木料也比较贵。。另外，本地家私和装修的木料在品质与木料种类上与欧洲老不尽相同，所以即使欧洲老用的在价格有所下降，本地木料没有受到影响，说句老实话，如果本地木料也要下价，我就要摆地摊。。 所以。。请不要告诉你老豆，老哥哦

mjchua

原帖由 四伯爽 于 24-8-2007 12:06 PM 发表


亏钱 ？？？
去年他开始分股息了

果然還是繼續虧錢

Company Name	:	MIECO CHIPBOARD BERHAD
Stock Name	:	MIECO

			INDIVIDUAL PERIOD	CUMULATIVE PERIOD
			CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
			30/06/2007	30/06/2006	30/06/2007	30/06/2006
			RM'000	RM'000	RM'000	RM'000
1		Revenue	77,965	86,135	173,022	154,115
2		Profit/(loss) before tax	-7,663	4,519	-7,356	4,736
3		Profit/(loss) for the period	-6,075	2,891	-6,128	2,599
4		Profit/(loss) attributable to ordinary equity holders of the parent	-6,075	2,891	-6,128	2,599
5		Basic earnings/(loss) per share (sen)	-2.89	1.38	-2.92	1.24
6		Proposed/Declared dividend per share (sen)	0.00	0.00	0.00	0.00

Mr.Business

新闻。

1-08-2007: Evergreen 2Q profit jumps 128% to RM32 million

by Lee Yu Tang

KUALA LUMPUR: Evergreen Fibreboard Bhd’s net profit jumped 127.7% to RM32.1 million for its second quarter ended June 30, 2007 (2Q07) from RM14.1 million a year ago on the back of a 48.6% rise in revenue to RM192.6 million.

Pretax profit increased to RM43.5 million in 2Q07 from RM16.1 million in the previous corresponding period.
Earnings per share rose to 6.69 sen from 2.94 sen.

The company declared its first tax-exempt interim dividend of 10% or 2.5 sen per share for its financial year ending Dec 31, 2007.

"The significant improvement in revenue and profit is due to higher production volume contributed by the newly acquired subsidiary Evergreen Fibreboard (JB) Sdn Bhd, improvement in production efficiency, cost management and a higher selling price for the majority of the group’s products," it said yesterday.

It is optimistic that the financial result for the second half of this year would remain satisfactory with the group’s continuous drive towards higher productivity and cost management.

"The global consumption of medium density fibreboard (MDF) is projected to grow at 7%-9% until 2008 to reach 50 million cubic metres. The selling price of MDF is expected to remain steady for the second half of the year, underpinned by strong demand from the fast-growing economies in the Middle East and the Asia-Pacific region," it said.

http://www.theedgedaily.com/cms/ ... a-d647d800-b4acb7d9

[ 本帖最后由 Mr.Business 于 24-8-2007 06:57 PM 编辑 ]

Mr.Business

Brokers` Call 26-Aug-06

EVERGREEN FIBREBOARD BHD (83sen)BUY

EVERGREEN Fibreboard’s net profit for the six months ended June this year was 25% lower despite revenue gaining 19% in comparison with a year earlier. For its first six months of FY06, the company posted a net profit of RM24.2mil on RM253.2mil sales.



COMMENT BY SBB SECURITIES
Evergreen Fibreboard reported strong qoq numbers, with net profit soaring 39.6% to RM15.2mil despite recording only 4.8% increase in revenue to RM129.6mil. The higher revenue was driven by enhanced productivity in Siam Fibreboard Co Ltd and improved selling prices. Profit before tax margin advanced to 12.7% from 9.4% in 1Q06. Correspondingly, profit before tax jumped 42.3% to RM16.1mil.

However, against 1H05, net profit dropped 18.3% to RM26mil, despite an 18.8% hike in sales. The poorer results were mainly attributed to persistently high cost of raw materials and freight costs, delay in adjustment for the average selling prices, and a RM3.8mil tax writeback incurred in 1H05.

Hence, profit after tax margin eased to 10.3% versus 15% in 1H05. Overall, the 1H06 results were within our expectation as it accounted for 47.6% of our FY06 estimates, but we expect a better 2H06.

> We remain upbeat on Evergreen Fibreboard for its sound fundamentals and management, decent ROE (return on equity) and compelling valuations. The group is also a recovery play because of the improving business environment due to the rising MDF (medium density fibreboard) and particleboard prices lately, catching up with the increases in rubberwood logs and resin costs.

Evergreen Fibreboard is a BUY, with compelling levels of valuation. The forward PER is 7.4 times and net dividend yield is 7.7%. Our target price of RM1.10, or 9.6 times PER06, is in line with the one-year trailing peak PER of 9.9 times.

XXXXX

Stockwatch 17-Jul-06
ANALYSTS remain upbeat on Evergreen Fibreboard (EFB) for its sound fundamentals. An analyst with a local bank-backed brokerage said the stock was set for a recovery play given the rise in the prices of medium density fibreboard (MDF) and particleboards. Both product prices are catching up with the prices of its other products due to the increase in rubber wood and resin costs. EFB's niche area is in the MDF segment, which contributes about 85% to revenue. The group plans to focus on value-added MDF as this could reap higher margins compared with the plain MDF and particleboards.

Mr.Business

IPO文件免不了是要研究的。

Here.

牛仔

[size=+2]美房貸風暴：夾板價格看跌　木材股前景蒙塵 - Friday, August 24, 2007

[size=+1]（吉隆坡23日訊）美國次級房貸風暴與房產市場蕭條的負面效應，可能將擴散到全球經濟層面，導致房地產與建築工程放緩，從而削弱市場對夾板的需求，促使夾板價格走勢由樂觀轉向悲觀，本地木業公司可能將成為美國次級房貸風暴下，首個遭殃的非金融領域業者。 在夾板價格短期前景繼續看淡，加上宏觀經濟環境不太樂觀的形勢下，木業公司的盈利與前景蒙上陰影，因此，分析員下修木業公司的盈利預測，並下調評估等級。 大馬研究分析員表示，近期次級房貸危機可能將拖累房地產與建築領域，尤其是在游資撤離與抵押房貸違約虧損浮出檯面后，可能導致住宅與商業建築活動放緩。這將促使夾板的需求受到影響，從而使得夾板價格看跌。此前，分析員原本預期，在強勁需求的帶動下，夾板價格有望在第二季逐步回揚。 雖然夾板價格在4、5月間曾回勇，不過，庫存的累積，加上中國大量拋售軟木夾板，以及日本的軟木產能大增，導致夾板價格回落。 現在，隨著夾板需求前景看淡，分析員預期，夾板價格的疲弱走勢，將進一步持續到10月或11月。 受美房市復甦時機牽制 僑豐投資銀行分析員指出，美國房地產市場蕭條的負面效應，已開始擴散至日本。美國房地產市場與日本房地產之間，一直保持著密切的關係，美國房產數據反映的市場情況，通常在一個月后，就會反映在日本市場上。 基本上，自去年大量積存以來，日本的夾板交易商目前仍持有近5個月的庫存。原本對夾板價格將上揚的預期現在已經落空，在夾板價格看跌的情況下，加上市場情緒受到美國房產市場的影響，夾板的短期需求看來不太樂觀。 她相信，夾板價格與需求在下半年將繼續走弱，使得本地木業公司在下半年的業績前景看淡。為此，她下修所有木業公司的盈利預測，並下調這些公司的投資評級。 大馬證券研究分析員也表示，在夾板價格短期前景看淡，加上宏觀經濟環境欠佳的情況下，木材公司的盈利與前景展望繼續看跌。 不過，分析員相信，在硬木與軟木夾板的價格差異持續收窄的趨勢下，夾板價格在08年料將回勇。 僑豐投資銀行分析員也認為，夾板銷量與價格有望在第四季復甦，尤其當日本交易商在年杪將補充庫存的激勵下，價格行情將看漲。惟她也強調，市場對夾板的需求，很大程度上，仍將取決于美國房地產市場復甦的時機。

Barney88

如果夾板價格看跌,木材股前景蒙塵,那么它的前景不是受影响了?

gutt

越南有生产柚木嘛？
听说很多本地做出口到欧美国家的大家私制造商都望越南设厂，
因为用柚木作出来的家私，对有四季的欧美比较tahan 和美观.
在越南的有廉价员工！

我想考量EVERGREEN FIBREBOARD BHD 出口到哪里的生意多比较好？？

kiaoka

全球木料格 ： http://www.globalwood.org/market1/aaw20070801trend.htm

DRAGONISM

你们应该有去这个网页吧？

http://www.evergreengroup.com.my/index.php?view=news3&mid=1935

http://www.evergreengroup.com.my/index.php?view=a_comments&mid=1935 (analyst reports)

[ 本帖最后由 DRAGONISM 于 25-8-2007 02:50 PM 编辑 ]

os

bursa website down, yusli 班友搞什么鬼。。:@