0.645 habis jual, 0.655 habis juga, 0.66 susah dapat. Mari mari, siapa cepat dia dapat. Cepat dapat sikit kat 0.665 nanti kalau turun boleh tambah. Kalau tak turun mesti naik. Sekurang kurangnya dapat sikit.
Hup Seng Industries reports over 2-fold profit jump in 2Q
Hup Seng Industries Bhd will focus on maintaining its market share and product competitiveness in order to increase the popularity of Hup Seng biscuits in the industry.
The food and beverage company expects the biscuits market to grow as it is a popular and alternative staple food.
“The group envisages that the industry is poised to continue to grow and evolve to meet the changing demands of consumers and will strive to continue to maintain and improve product quality,” it said in the notes accompanying its financial results.
31. Dividend payable Other than as disclosed in Note 8 above, the Board of Directors recommends the payment of an interim single-tier dividend of 1 sen per ordinary share in respect of the year ending 31 December 2023 for the financial quarter under review. The entitlement date will be announced in due course.
Hupseng has raise their pingpong biscuit price by 10% in 2022. and the earning only start reflecting in recent quarter because in last year 2022, the price increase is to fight against the inflation of raw material cost (Wheat and CPO). now that the CPO price start dropping in August 2022 from 7k to current 4k, this has significantly improve hupseng raw material cost and lead to better profit margin. If hupseng able to maintain the profit for another 2 quarter, its revenue and profit is same as 2020 where price is 90-95sen with dividend 6sen. Even if the price does not rise back to 90sen, considering current price 69sen with 6sen dividend, equivalent to 8.6% dividend yield. so why not? Hope this info can be useful for those who just newly invested in hupseng like myself.
im making assumption on the dividend if the profit recover back to pre-covid time. considering the number of share never increase over the years, 6sen diviidend per year is not an issue for hupseng with the cashbalance on hand. on a side note, 6sen means the dividend payout of 100% from the earning. i think its ok, anyone invest Hupseng should know it is not a growth focus company. What i want highlight is the current price is undervalue to me.
Thanks Fortunefire for the link sharing, it is an interview with Hupseng excutive director. Here are a summary for my own reference and to all, Hupseng raised their biscuit price in 2022 by 8%, but see sales affected on Q2Y22 due to price up, losing some market share. But in 1HY23, they are getting back the market share. Company is confident to maintain a healthy profit margin, considering the raw material has stabilized now. Their target for 2H is to maintain double digit Profit Before Tax. Company has a high pile of cash, their planning is to invest 2 new biscuit oven which cost around 19million each. and the remaining, it keeps to ensure the dividend payout to investor. In recent years, Hup Seng dividend payout is around 100%, but it does not affect the company cashflow. The management has no plan to aggressively expand their business as the executive director said Hupseng is liked by investor and institute of its sustainable high dividend yield. Asking whether the company is fairly value at this moment, the director refuse to answer. Rather she would want to focus more on the biscuit product quality as a core.
I have been holding Hupseng for 5months now and will continue holding long position. Topped up Hupseng at 80sen, average holding price 71sen. Looking forward the upcoming dividend announcement in next week. In my opinion, Hupseng is still undervalue at current price 81sen.
Hup seng is it really that good. Most biscuit manufacture not making money bt in distress financial position. This is a very thin margin n high skill labor bussiness. Invest with care. Im not asking u to buy or sell ok. I js give my personal comment only
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....
Stirmungle
83 posts
Posted by Stirmungle > 2023-06-11 13:52 | Report Abuse
Anyone tried the Gold Crackers before?
https://www.hupseng.com/our-products-1