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Sorry* why it go down to 0.58. Currently company is able to back to profitable 2021 and latest 2022Q1 QR profit was highest since 2016. As I understand when company is making loss then share price was traded at discount PB around 0.5xBV. Now it has been profitable therefore share price movement shall reflect back as company earnings.. or fair value shall be around 1xBV.
not sure how this lumber price will impact evergreen but this stock started to fell since lumber price is dropping. even though it made profit recently, does not mean it will continue to be profitable. interest rate hike can also carry negative impact for those high gearing companies. don't always look at history when making investment. need to be forward looking and understand the future of a company.
dont waste time understand the future. we never know. just need to know the current situation. as u see the graph is goin down, dun try those graph who is goin down without stop. long term die short term also die.
what I mean is for long term investor, they should be forward looking. TA is more applicable to short to mid term players. ya, no doubt, this stock is heading to holland, better don't touch, falling knife.