HeveaBoard Bhd

HeveaBoard Bhd

Postby winston » Wed Nov 23, 2016 2:40 pm

not vested

Climb aboard now!

We deem 9M16 core net profit in line as we expect a strong 4Q.

2nd interim DPS of 1.3 sen slightly ahead of expectations.

Strong dollar and and rising PB prices a perfect scenario for Hevea.

We raise our FY17-18F EPS by 5-15%.

As we roll over our valuation to end-17, our SOP-based target price rises by 17% to RM2.37.

Source: CIMB

https://brokingrfs.cimb.com/f9Bzg9C3k0v ... -UDLg2.pdf
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: HeveaBoard Bhd

Postby winston » Thu Aug 09, 2018 8:46 am

not vested

Technical Tracker - HLIB Retail Research
Trading Buy: HEVEA - 5095
(Last price: RM0.885, Potential upside +18.6%)

Company Profile
• HEVEA produces particleboard and ready-to-assemble (RTA) furniture. The company exports its products throughout the Asia Pacific region.

Trading Catalyst

• HEVEA’s bottomline may gain traction with the stronger USD outlook in 2H18 as more than 90% of the revenue is USD denominated.

• Furniture demand is likely to surge in Japan ahead of the Japan Olympics 2020, where HEVEA having the Japanese Industrial Standard (JIS) certification could be one of the beneficiaries within the region.

• Besides, the escalation in trade tension between the US and China could benefit Malaysia’s products (seen as more competitive compared to products in China).


Technical View
• Resistance: RM0.935 / RM0.985 / RM1.05
• Support: RM0.855 / RM0.840
• Cut loss: RM0.830

Key Financial Stats
• Net cash: RM23.2m (4.1 sen)

Source: Bloomberg, HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Posts: 99943
Joined: Wed May 07, 2008 9:28 am


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