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Hevea's hidden risks:
1. RTA segment is its core revenue contributor but it relies upon two (2) major customers heavily to generate its profits. It has the similar risk like Focus Lumber -- customer concentration risk.
2. Raw material risk
3. Labour supply risk
4. Forex risk
p/s: It's too much uncertainties that being an investor cannot easily handle it. After understanding the above risks, are you still interested on it?
Being a great CEO is to tell the shareholders the facts that he/she encountered and be open to accept the failures of making wrong decisions.
There's no point to give hope for shareholders to think that the fungi cultivation is a very good business. This business segment is not the idea of the CEO himself but opting for believing in his friend who is cultivating fungi and claims that this is a very bright future prospect.
People here share the knowledge they acquired instead of talking cock or nonsense. If you cannot accept the factual data or truth, then at least show respect instead of insulting them even their parents. It won't show that you're smart but just a sore loser. How old are you actually? Still so naive…swt.
SC Low: Of course running a business it does not bear fruits immediately but the problem here is the MD Mr. Yoong claimed that during FY18/19 its fungi cultivation could register a sale of RM 10 million and RM 3 million of net profit -- this shows that he thought of running a business could bear fruits immediately -- it's very ridiculous indeed.
