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Evergreen had a good start 2021 both Q1 and Q2 already seen positive earnings. Malaysia factory was close during fmco may affect Q3 earnings. Thailand had seen some improvements positive earnings and Thai power plant refurbished will complete by 3rd quarter this year and this will generate extra income to the group. Capacity utilization of Thai mdf plant to increase on 4Q. As Indonesia is fast growing market. Evergreen had also completed acquired 49% of Indonesia PT Hijau. Overall is good.
I believe this is a good stocks to invest. Recent fire at Pahang mdf factory which supply 10% to local market will also benefit Evergreen. Global mdf demand estimated to register growth CAGR 3.84. As long as ASP remain as current level of 240 then it is good investment.