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Stock With Momentum: Evergreen Fibreboard Bhd
by Cals Tue 09 Jun 2015, 18:29
Stock With Momentum: Evergreen Fibreboard Bhd
Evergreen Fibreboard Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
EVERGREEN (Fundamental: 0.85/3, Valuation: 0.90/3) saw its share price more than doubled to RM1.32 since it was first picked up by our momentum algorithm back in December 2014 at 62 sen. The board maker, which derives 60-70% of its sales from export markets, is a beneficiary of the strong USD and lower commodity prices.
For 1Q15, it posted a net profit of RM20.1 million, compared to a net loss of RM2.6 million in 1Q14, thanks to lower log and adhesive prices and higher operational efficiency. Revenue, however, fell 3.1% to RM232.1 million, due to lower sales volume.
Evergreen is one of the world’s largest manufacturers of medium density fibreboard (MDF) and particleboard. It started to turn around in 3Q14, due to the recovery of global MDF demand and rising selling prices.
The stock is trading at a trailing 12-month P/E of 27.9 times and 0.75 times book. No dividend was paid since 2013.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on June 9, 2015.
Evergreen Fibreboard Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
EVERGREEN (Fundamental: 0.85/3, Valuation: 0.90/3) saw its share price more than doubled to RM1.32 since it was first picked up by our momentum algorithm back in December 2014 at 62 sen. The board maker, which derives 60-70% of its sales from export markets, is a beneficiary of the strong USD and lower commodity prices.
For 1Q15, it posted a net profit of RM20.1 million, compared to a net loss of RM2.6 million in 1Q14, thanks to lower log and adhesive prices and higher operational efficiency. Revenue, however, fell 3.1% to RM232.1 million, due to lower sales volume.
Evergreen is one of the world’s largest manufacturers of medium density fibreboard (MDF) and particleboard. It started to turn around in 3Q14, due to the recovery of global MDF demand and rising selling prices.
The stock is trading at a trailing 12-month P/E of 27.9 times and 0.75 times book. No dividend was paid since 2013.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on June 9, 2015.
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