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Stocks With Momentum: Evergreen Fibreboard
by Cals Thu 12 Feb 2015, 19:03
Stocks With Momentum: Evergreen Fibreboard
By theedgemarkets.com / theedgemarkets.com | February 12, 2015 : 12:57 PM MYT
[size=14]Evergreen Fibreboard Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
FOLLOWERS of our Stocks with Momentum, published on [You must be registered and logged in to see this link.], would have made a handsome profit on Evergreen (Fundamental: 0.75/3, Valuation: 1.2/3) — its shares have risen a whopping 48% since it was first picked by our algorithm on Dec 31, 2014. Furniture makers are in the limelight, again, after the latest stronger-than-expected US labour market report renewed speculations of an interest rate hike by mid-2015, which would translate into a stronger US dollar. As one of the world’s largest exporters of wood-based medium density fibreboard (MDF) and particleboard, Evergreen is expected to gain from the strengthening greenback. The company has an annual production of over 1.3 million cubic metres with manufacturing plants in Malaysia, Thailand and Indonesia. It bears to note though that the industry is very competitive. Despite having a strong management team, Evergreen made a net loss of RM43 million in 2013 and cumulative losses of RM14 million in 9M2014.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on February 12, 2015.
[/size]
By theedgemarkets.com / theedgemarkets.com | February 12, 2015 : 12:57 PM MYT
[size=14]Evergreen Fibreboard Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
FOLLOWERS of our Stocks with Momentum, published on [You must be registered and logged in to see this link.], would have made a handsome profit on Evergreen (Fundamental: 0.75/3, Valuation: 1.2/3) — its shares have risen a whopping 48% since it was first picked by our algorithm on Dec 31, 2014. Furniture makers are in the limelight, again, after the latest stronger-than-expected US labour market report renewed speculations of an interest rate hike by mid-2015, which would translate into a stronger US dollar. As one of the world’s largest exporters of wood-based medium density fibreboard (MDF) and particleboard, Evergreen is expected to gain from the strengthening greenback. The company has an annual production of over 1.3 million cubic metres with manufacturing plants in Malaysia, Thailand and Indonesia. It bears to note though that the industry is very competitive. Despite having a strong management team, Evergreen made a net loss of RM43 million in 2013 and cumulative losses of RM14 million in 9M2014.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on February 12, 2015.
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