Posted by nspk > 2012-10-29 22:10 | Report Abuse

wow.... div 10% = 5 cents! DY 8%

Posted by Lowchinsin > 2012-11-29 10:16 | Report Abuse

good div but price lousy

Posted by William Tan Mong Hong > 2012-12-25 23:30 | Report Abuse

Profits declining year by year

Posted by rlch > 2012-12-25 23:32 | Report Abuse

Can still give 5 cents dividend next year?

Posted by datuk > 2013-10-17 14:28 | Report Abuse

finally......hexza is in climbing mode !

Posted by datuk > 2013-10-22 09:13 | Report Abuse

chiak beh lioa !!!! TP rm0.80 !!!

Posted by huathuatXD > 2013-10-22 11:43 | Report Abuse

datuk, why say so? any news?

Posted by Muadzam Muzafar > 2013-10-24 20:34 | Report Abuse

this counter can go in?

Posted by yong > 2013-10-28 14:37 | Report Abuse

JUS IN.....

Posted by Sapphire > 2013-10-28 15:14 | Report Abuse

just go in.

Posted by SPSETIA > 2013-10-28 15:45 | Report Abuse

what happen.... : ) privatised

Posted by jowell > 2013-10-29 13:07 | Report Abuse

now oredi 0.8, still can in?

Posted by yong > 2013-10-29 14:28 | Report Abuse

JUS IN.....

Posted by yong > 2013-10-29 14:34 | Report Abuse

Got 1 news.TP1.200...

Posted by bugle > 2013-11-07 00:14 | Report Abuse

just received HEXZA's 2013 annual report, cum 10% dividend, cash rich (RM73.4 mil), financial investments worth RM55.8 mil, no debt, Property, plant and equipment worth RM66.9 mil. Bought some and hold until it reflects fair value. Think to buy some more before it goes ex.

Posted by didi7349 > 2013-11-08 19:18 | Report Abuse

latest EPS only 0.5 cent.....

Posted by didi7349 > 2013-11-08 19:19 | Report Abuse

so, y the run up from 0.6 to o.8 in a mth time last mth???is this the prelude of corporate activity???

Posted by sephiroth > 2013-11-08 19:24 | Report Abuse

this is the penny stock season, most penny stock kena goreng

Posted by hiddengem > 2013-11-08 19:36 | Report Abuse

Today HEXZA announced its improved quarterly report on consolidated results for the financial period ended 30/9/2013
.
HEXZA - A HIGH DIVIDEND YIELD & UNDERVALUED STOCK

1)Profit increased to RM1.02mil fr RM0.711mil.
2)EPS increased to 0.50 sen fr 0.30 sen.
3)Net cash RM73.40mil.
4)Healthy balance sheet & is debt free.
5)At today's closing price of 0.78 It is trading at a huge discount of 27% to its NTA of RM1.07.
6)Attractive dividend yield of 6.5% - Dividend exdate on 26/11/2013 @4.0 sen net dividend per
share.
7)Consistence profit margin for the past 12 years.

Due to its attractive fundamental & being an undervalued stock HEXZA will be attracting potential investors attention to realised its true value & the possibility of its share price moving forward is extremely bright.. Good luck.

Posted by sieng1987 > 2013-11-08 19:43 | Report Abuse

constant dividend and healthy financial position, good share to keep for long term!

Posted by lhoong > 2013-11-10 10:38 | Report Abuse

don't miss the boat

Posted by chengyee > 2013-11-10 20:27 | Report Abuse

Already shoot up from 65.. Based on previous years record, will it stay high?

Posted by bugle > 2013-11-11 00:57 | Report Abuse

yes, gone up some in recent months. How high it will go? Don't know. Just think that, compared to others, it's still cheap. Sooner or later, the market would tell us how much it should worth. Just a matter of timing and your purchased price. What if the price goes down? Good to some and bad to others. To me, buy more and keep until it reflects value which I believe is fair. What say you?

Posted by didi7349 > 2013-11-11 21:46 | Report Abuse

The foong brothers together hold nearly 33% of the outstanding share of the company,the md,foong weng sum is 75 yrs old n his brother foong weng cheong is 80 yrs old....there is no other family members in the board of director.....hexza has been making profits for many yrs,thought big drop in eps for the past 2 financial yrs,net cash in the company is more than 70 millions,nta is 1.07......

If u were the foong brothers,what will u do now at 75 or 80 yrs old with hexza???passover to the children,which should have started some yrs bac n where we should c some foong junior in the board of director...or sell it off to a 3rd party who is capable to grow the company where we should c them buying the share in the open market to reach the level for mandatory offer to take over the company(the foong bro bought about 1 million share in the open marker fr july to sept)

If u were the punters,would u target hexza???cash rich company with some good assets,stable business albeit poor margin traded at about 25% discount to nta.....buy out,then sell them in piecemeal.....

Maybe can get some clues in the coming agm on 23rd this mth.....

Posted by didi7349 > 2013-11-11 21:53 | Report Abuse

This is what i feel for the run up of share price in the past 2 to 3 mths/weeks...something brewing...

To me,hexza is an asset play,retailers can onli make money fr hexza fr corporate activities like privatisation,merger n acquisition....

Posted by trustme932 > 2013-11-13 09:25 | Report Abuse

Can buy on slight pullback...

Posted by sephiroth > 2013-11-13 11:13 | Report Abuse

another cash rich company
Cash 37 sen per share
Other investments 28 sen per share
Total liquid assets 37+28= 65 sen per share!!! vs current share price 0.785
net 4 sen dividend every year but eps on the low side at 3-4 sen

http://klse.i3investor.com/blogs/stock_pick_challenge_2013_2h/40677.jsp

Posted by bugle > 2013-11-13 19:05 | Report Abuse

yup, bought some more today. Hope can get more at cheaper prices before it goes ex.

Posted by jennylee1382 > 2013-11-14 11:28 | Report Abuse

sephiroth hexza can buy at roughly what price

Posted by JXRepcoBuffet > 2013-11-14 14:52 | Report Abuse

Hexza announced a dividend of 10% on 24th October 2013. At the close of 77.5 sen this morning, the dividend yield amounts to 6.5%. This is twice the interest rate one can get from putting the money in fixed deposit in bank. Isn’t that good?

Hexza Corporation Berhad operates in three business segments: investment holding, which is engaged in investment holding activities; manufacturing, which is engaged in the manufacture and sales of formaldehyde based adhesives and resins for timber related industries, ethyl alcohol, natural vinegar, cooler, liquefied carbon dioxide and kaoliang wine.

Hexza has been in the business for a long time. Although there is not a single year of losses, there has been no growth in earnings for the last 12 years. However, the management has been generous to its shareholders with increasing dividend payment from 0.6 sen to the most recent 5 sen per share. Is this high dividend yield of 6.5% sustainable?

Referring to Hexza’s latest financial statements as at 30 June 2013, there is plenty of hard cash available. Free Cash Flow amounts to 20m, or 9.5 sen per share. It has an excess cash of 130m, or 65 sen per share in its balance sheet. Hence there is no problem at all for Hexza to continue paying good dividend in the future.

The liquidation value of Hexza is computed using the Graham net net is shown in Table 1 below:

Table 1: Graham net-net valuation of Hexza
Cash and cash equivalents 73,404 100% 73,404 0.37
Other investments 55,886 100% 55,886 0.28
Trade & other receivables 23,885 75% 17,914 0.09
Inventories 17,367 50% 8,684 0.04
Property, plant and equipment 66,959 50% 33,480 0.17
Other assets 3,295 0% xxxx xxxx
Total assets 240,796 xxxx 189,367 0.95
Non-Controlling Interests (6,876) 100% (6,876) (0.03)
TOTAL EQUITY AND LIABILITIES (20,421) 100% (20,421) (0.10)
Net assets 213,499 xxxx 162,070 xxxx
Number of shares 200,380 xxxx 200,380 xxxx
NAB 1.07 xxxx 0.809 0.809

The table above shows that the net asset backing (NAB) of Hexza is RM1.07. At this morning’s closing price of 77.5 sen, it is traded at a huge discount of 27% to its NAB. The net-net valuation of Hexza is shown to be 81 sen, which is still higher than its price.

Isn’t Hexza an undervalued stock as shown above? Wait until we perform some basic checks.

3 Basic Checks to Perform for a Net Net
For a net net to be investable, it should have
• a solid balance sheet, preferably more cash than inventories and receivables.
• is not bleeding cash. At least breaking even or positive in net profit.
• positive EBITDA

The first check shows that Hexza has most of its net-net assets in high quality assets in cash and cash equivalent amount to 65 sen per share. Hence we can safely confirm that the quality of the assets is excellent. Next to check is “Is it bleeding cash” and if it has positive Ebitda?

The latest annual financial results ended 30 June 2013 shows Hexza’s made a net profit of 8m and 4m, or EPS of 4.2sen and 3 sen respectively in 2013 and 2012. Cash flow from operations amounts to 20m with free cash flow of 18.7m last financial year. This FCF is a high of 15% (>10%) of revenue. Hence Hexza passes these checks with flying colours.

Conclusions
Hexza qualifies as Graham net net investment strategy with a wide margin of safety. It can also stand on its own as a value investment stock as a going concern with the high dividend yield investing strategy.



Posted by kcchongnz at Nov 8, 2013 02:42 PM

Posted by trustme932 > 2013-11-15 14:31 | Report Abuse

Cudnt buy at 0.78,now hands full at avg 0.7925..will receive my dividend n keep it for short med term.

Posted by kokping > 2013-11-15 15:49 | Report Abuse

buy now still can get divident?

Posted by hiddengem > 2013-11-15 22:14 | Report Abuse

The unfavourable mkt sentiment for the week resulting in healthy mkt consolidation process saw rampant profit taking activities due to panic & fear factor.

The main casualties were the lower liners & penny stocks seeing their share prices being hammered down & incurring huge lossses.

However, the stock that stands above the crowd is HEXZA for being able to withstand the turbulence & bearish onslaught by incurring only just a small lossse to closed firmly at 0.79 for the week, as compared to other penny stocks which suffered heavy lossses.

I strongly believe that if the bullish mkt prevail, HEXZA will show his strength to break n cross the resistance & 52 weeks high of 0.845 & will continue to rise further to create record high of 0.92.

Good luck & waiting to receive its attractive net dividend of 4.0 sen per share going exdate on 26/11/2013. TQ

Posted by AyamTua > 2013-11-15 22:28 | Report Abuse

thanks

Posted by bugle > 2013-11-16 01:40 | Report Abuse

HEXZA's share price has increased from its low of 50+ cents to about 80 cents in 2-3 months with increased trading volume. Do you think that small shareholders like most of us would be able to push the price up if it's not the act of big players. In my opinion, there were certainly some big players already in HEXZA. Who they are? I guess some of the top 30 are involved. Foong brothers are definitely there; they bought more than thousands lots recently, and could be more than what we might thought. You may refer to bursa's filing. My interpretation: The timing they bought back these shares were not seen so obvious since 3-4 years ago. If there is no plan in their mind, why the way the share price moved up quite differently compared to previous time and why only recently Foong brothers bought back the shares, as we knew that HEXZA has been undervalued for so many years. My another interpretation: It could also be some big players not related to Foong brothers have their plan or certain ways to unlocked the value of their investment in HEXZA. If so, do you think they would be happy to see HEXZA's share price in the region of 70s+ or 80s+. As mentioned in my previous comments, given the fact that HEXZA is indeed deeply undervalued and fundamentally sound company with a NTA of more RM1, huge cash pile, financial investment worth more than RM50 mil, and for accounting purpose, depreciated properties and plants, which is still valuable assets. And one more, the company has no debts! Last but not least, It could be the controlling shareholders, the big players, most minority shareholders (definitely not all, otherwise who is going to sell the shares in the market), and non-shareholders now see value in HEXZA and wanted its shares even with higher prices: so the share price gone up! How high the price will go? Again, I have no idea. In conclusion, I think the chance for HEXZA's price to go up some more is rather high and it would be unwise to sell the share at any price below RM1. What if the price does not break the RM1 mark before it's dividend goes ex on 26/11? I see nothing wrong to hold the share for another 3 - 5 year time, given the after-tax dividends are still and expect to be better than FD. For your info, I regret selling my 7022 at 1.5 - 1.6 b4 it goes ex, even though my cost was just 80 - 90. Lastly, I just want to share with you what I think about one of my favorite stocks here. The decision is yours, and bear your own risk. 在此吹水吹喇叭，信不信由你。Haha! Good luck!

Posted by AyamTua > 2013-11-18 20:34 | Report Abuse

a potential $1.00 counter.. AyamTua bought this.... dividend also better than the rest.... fundamentally sound growth counter ... can sleep well at night.. even in afternoon time.. HEXZA ..... I LIKE!!!

Posted by abdulhalim > 2013-11-18 20:38 | Report Abuse

tumpang lalu encik,,boleh intai2 ka AyamTua reban nie,,hih

Posted by AyamTua > 2013-11-18 20:42 | Report Abuse

Posted by abdulhalim > Nov 18, 2013 08:38 PM | Report Abuse

tumpang lalu encik,,boleh intai2 ka AyamTua reban nie,,hih

- sila masuk ... buat macam rumah sendiri .. Hexza fundamentally sound counter.. bot ini tidak mudah karam... cash rich.... check semua facts ini confirm up $1.00 kalau bukan esok, lusa, kalau bukan lusa, tahun depan.... kalau bukan tahun depan, tahun-tahun depan lah.... tapi ini bot bukan sebarang bot.... bot tahan lasak.... titanic pun tak boleh naik ini bot... hehehe

Posted by AyamTua > 2013-11-18 20:43 | Report Abuse

@abdulhalim: aku bukan intai... aku dah beli... bot bagus nih...

Posted by abdulhalim > 2013-11-18 20:46 | Report Abuse

Terima kasih tuan tanah,,eh silap tuan rumah,,hih,dah dpt kata2 laluan tu leh lah intai2,jengok2 tgk,kalau berkenan esok leh hantar rombongan merisik,dah bertunang tu x pe dah bila nak nikah,,,bulan depan ka, enam bulan lagi ka,,jauh sikit tahun depan pun leh tunggu..biasalah duda nie sabaq lebih x mcm anak teruna,,gelojoh,,hihihih,,slow tapi steady bro!!,hehe

Posted by AyamTua > 2013-11-18 20:47 | Report Abuse

@Tuan Syeikh AbdulHalim: permainan orang tua... slow slow.. jangan cepat cepat nanti seluar koyak... heheheh

Posted by abdulhalim > 2013-11-18 20:51 | Report Abuse

kalau seluaq koyak dapat tuan rumah tak pe,,hmm,,tuah Ramli sapa yang tahu,,hih

Posted by AyamTua > 2013-11-18 20:53 | Report Abuse

@Tuan Syeikh AbdulHalim: sementara tunggu pokok lain berbuah... kita tanam bunga sini dulu.... hehehe.. seluar koyak boleh beli sepuluh... jom masuk... jom....

Posted by abdulhalim > 2013-11-18 20:59 | Report Abuse

Dah call mak limah tadi, tanya cukup ke benih bunga yang nak ditanam tu,,tggu jawapan jer nie,kalau mak limah habaq benih cukup esok leh lah ke ladang, kalau tak pun mak limah kena lah pi pekan esok beli benih dulu,heheh.

Posted by AyamTua > 2013-11-18 21:01 | Report Abuse

@AbdulHalim: LAWAK LAH .. hihihihi

Posted by AyamTua > 2013-11-18 22:53 | Report Abuse

@hiddengem: did bought this ... and yes... you are right about HEXZA is the stock that stands above the crowd will not give u any headache, high blood pressure & stroke. -- I can read and write you know... hehehehe ... best paying dividend stock under $1.00

Posted by trustme932 > 2013-11-19 10:26 | Report Abuse

CT...expect to c temporary top at 0.82 b4 ex-date.M keeping it for med term n looking at 0.92.

Posted by inwest88 > 2013-11-19 10:43 | Report Abuse

# hiddengem - I saw that the dividend payable is 10% which is RM50 as it is a 50 sen share.

Posted by inwest88 > 2013-11-19 12:24 | Report Abuse

# AyamTua - I use the traditional method where 1 lot = 1,000 shares. Dividend declared 10% (8% + 2% tax-exempt) which is gross RM50 for every 1 lot (as the par value is 50 sen) So if you have 10,000 shares, you will receive RM500 gross. So if today someone buys 1 lot (1,000 shares, say at 80 sen, he will get a dividend of RM50 which is gross 6.25%, higher than fixed deposit.

Posted by AyamTua > 2013-11-19 13:43 | Report Abuse

seriously put in 1 lot = RM50 .. sounds good..... really good...