3-4 is too drastic....a reasonable price should be 7.50 but I doubt it will down so much.maybe will down 50cts the most only cos the rich already cornered the stock.even no good also cannot down unless market crash only the rich will start to panic sell
still the word: MNI impairment is Pure Accounting Loss. Nothing impact HLIND. It is like a parasit inside a healthy body. No impact to healthy body, but it sucks the nutrient from the body bit by bit. Once the healthy body finally and successfully kick out the parasit, the healthy body become healthier ^_^
Agree. Huge potential upside if you discount the MNI impairment loss last qtr. Ticks all the fundamental boxes.Also realised huge play by less than a handful of traders with multiple lots. Just wondering if somethings brewing and they know something we don't?
The sales and profit figures that just came out from the second quarter is very impressive but widely expected. For the second quarter, sales grow by 12.6% while net profit up by 26%. EPS is up 20% (after netting out minority interest)For the half year results, sales is up 12% and net profit up 28%. EPS is up 23%. Based on first half year performance the EPS for financial year ending 2018 should be at least 1.10. At current market price the company is trading at a prospective PE of around 8.5 or so. We can expect dividend to increase accordingly to 55 sens per share (that is we are assuming the board is reasonable to minority shareholders and not hoard cash in the kitty) Looking at the profit contribution from the motorcycle business the local sales and profit are very impressive. Profit from local motorcycle business for half year increased by 50% while the Vietnam profit increased by 4.7%. All in all the motorcycle profit contributes more than 90% of overall group profit.The motorcycle business will be the money spinner and cash cow for the group for many years to come. The building materials business will continue to decline in terms of contribution despite high sales volume. What is even more fantastic about the balance sheet of the company is its net cash position (cash in bank less bank borrowing). It has now increased from RM 425 million from 6 months ago to RM 568 million. If the Board is really generous it can even declare a special dividend of 50 sens or so without any problem because by June 2018 the cash will go up even further.( I am hopeful they will look into this) I can say with confidence that Hong Leong Industries is one of the best buy in the market at the current price.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
shareinvestor88
3,404 posts
Posted by shareinvestor88 > 2017-08-17 22:06 | Report Abuse
Big loss. Better sell target 3.00-4.00