yesterday go down 2.01 now come back 2.05. Actually seller still 2.05 unchanged. Just some retailer urgent sell their stock until 2.01 but not even bother queue at 2.04. hahaha!! So urgent may be it is T+3 or urgent money. Huayang is not for goreng.. It is a double digit growing company.
Hua yang may have peaked but to say that ( by KYY ) the board Does Not know there are over supply in the market shouldn't be called for. The CEO has been groomed to lead the board and since his takeover the growth in profit is spectacular, from 11m steadily to 110M in just five years. Even the gain for the coming FY drops 20% it still in the region of 90m that should be good enough to cover part of 120M required to increase its land bank, what's more if the price is low because of the market condition.
however, past 5 years performance cannot take that too seriously because that period was about the long awaiting property price booming period, therefore buyers increase tremendously. Not only huayang, most good property companies were enjoying the booming ride in past 5 years. What our concern is the next 5 years.
"Outlook for properties sector is not good but as a developer who builds affordable houses, Huayang's performance may not be affected very adversely. Huayang has projects in various sites ie Perak, Johor and Klang Valley and these projects are expected to contribute positively to Huayang's earnings. The earning has increased in 2015 by 35% and Huayang is currently trading at PE of 5 with DY of 6%."
then you must be sleeping investor. Last time lowest is 1.70. I bought some along 1.8x and 1.9x. Now still buy in 2.x. For long term investment. Huayang is good fundamental stocks. People sell because the market is gloomy due to Ringgit depreciation and 1MDB. If you can hold it for 1 year like deposit, no worry on HUayang business. Some sell now and will buy back at lower price.
The weak sentiment recently is due to the negative comment from KYY, to me Huayang share price has been affected by the condition of the property market if not it may not be able to get at this price. I'll buy more if it drops further.
To me, the recent drop on share price of Huayang is mainly affected by the purchase of land bank which was just approved by EGM weeks ago. The new purchase has increased debt level further which is the main concern of investors on Huayang. Certainly the weak sentiment of broad market and few other factors play their role too in pulling down Huayang.
they still got a piece of land in front The Herritage Mines. But since MRT2 did not aligned to their, i think they will not start the project any near future
Huayang is expect to declare 8sen final dividend these week, give rise to yield 4.2%, if take inot account it previous interim dividend of 5sen, then total dividend payout is 13sen, or 6.85%, one of the highest yield in bursa stock
Cash dividend is always the best option for listed company to reward shareholder. In addition, Huayang by just adopt 30% dividend payout policy, already able to reward shareholder with 13sen total dividend (8sen final, 5sen interim), a yield of 6.85% net is 2x higher than FD. The remain balance of 70% Huayang profit can continue rolling and acquire more land, generate more profit, sustain earning growth, then translate into higher cash dividend in future despite still within 30% payout policy.
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Posted by fong7 > 2015-06-03 19:35 | Report Abuse
waiting 1.7x.....