got bait better than nothing at all.. at least get to eat the bait before dying.. anyone still holding on to this stock? It's in deeply oversold region.. may see technical rebound... I need some advice whether to hold or to let go on next rebound
My opinion on Hua Yang: Good basic fundamental: 1) ROE (consistent double digit for past 3 years), 2) Good dividend policy: DY > 6%, 3) EPS CAGR >30% over 10 years 4) current PE about 6. (PER 10 years average range 4.8 - 9.7), highest 15 (2007); lowest 3.2 (2012) 5) Consistent 3 years issue bonus issue to make the share price affordable
Risk for property sector: 1) Immediate risk: possible BLR hike early May 2014. IF hua yang offer DIBS, expecting cost of interest increase and eat into the profit. 2) Possible over supply of property in Malaysia including Iskandar Malaysia (IM). Current average household head count, 4.5 per property in IM; Current properties available in IM just nice matching the demand. Up coming 200,000 newly completed units => massive supply in IM from 2014 - 2015. 3) Population in IM approx. 1.3 million (2006) -->after 7 years--> 1.7 million (2013). Population growth is not keeping up the pace of property supply in IM if calculate annually. Over supply risk is obvious. 4) Spiral effect: Expecting selling price of new launches to be affected when selling price of new supply go down following lower rental yield and higher installment interest rate. 5) Target customers of Hua Yang: Middle income group => the group that being squeezed the most during high inflation time when all the basic living needs are with higher price tag. => expecting lower take up rate of new launches. Affordable home but nobody interested. Car installment and electricity bill will be the priority.
My conclusion: Buy for long term based on the FA and invest in different stages, chase downward spiral only after 30% price drop, aim high DY..As for the rest of market risk, just leave it to the hua Yang team to face the challenge. We shareholders need not worry too much as all investment comes with risk.
time to sell property stock and standby yourself to be the 100% real property owner rather than be a minority shareholder of the property developer...Cheers!
next mth give divident n ex.. may b d price will down again.. tmrw i will all out.. Now property stock lose money n high debts.. after ex more lower price buy then buy back.. If i wrong, pls commend..
tommorow no going up 0.12--0.2sen..... better throw in rubbish! That mean this HuaYang is rubbish stock! if Give dividend also no shooting up 0.12--0.2sens, better throw in rubbish
Used to be a great stk ! After giving free shares.......it went down hill !! Q2 and Q3 MUST break record highs or share will be dormant ! What a waste ! Such a good stk
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....
wisdomtot
645 posts
Posted by wisdomtot > 2014-02-06 18:13 | Report Abuse
got bait better than nothing at all.. at least get to eat the bait before dying.. anyone still holding on to this stock? It's in deeply oversold region.. may see technical rebound... I need some advice whether to hold or to let go on next rebound