HuaYang is selling affordable houses(less than RM 500K) so less impacted by property market slowdown. Past few quarters Huayang has maintained EPS above 10 sen each quarter.
Thx @Lit Kok Wai ...I see a big concern to this stock from the sharing...that is huayang does not secure with big project in the future...I will reconsider investing this stock...
It is fine to have flat growth or even a slight negative growth at this very tough macroeconomy environment. Most importantly the 13 cts div is maintained so that our 7% dividend yield is sustained.
Surprise! Huayang does not drops to 1.6x again for long despite of the tough operating environment and the poor broad market. I only managed to get limited amount of HY at that time. Not enought.
15 Corporate Proposals On 18 May 2016, the Board approved the proposal to undertake a bonus issue of 88,000,000 new ordinary shares of RM1 each in HYB on the basis of one (1) bonus share for every three (3) existing HYB shares held on an entitlement date to be determined and announced later.
Thanks Icon8, just checked. Yr correct. For years 2013,2014 & 2015 div declared in July and ex in sept. So can expect this bonus issue to be completed after payment of div in Sept. So waiting period another 5 months at least for completion
It was stated clearly in the report for not having dividend... The news was there before the report, hence, it was just a prediction from my perspective
Crave why your ID is newly created today and only comment here? Can you please read Icon8 post or you blind type?
Posted by Crave > May 18, 2016 09:49 PM | Report Abuse It was stated clearly in the report for not having dividend... The news was there before the report, hence, it was just a prediction from my perspective
no, i think it should have another dividend of "Final dividend" of the year... keep waiting... normally Huayang payout 25% of EPS as div, so should have another 5cents dividend on the road.
HUAYANG’s FY16 net profit of RM110.1m met ours but missed consensus expectations marginally accounting for 100% and 94% of estimates, respectively. No final dividend declared and full-year dividend of 5.0 sen came short of our expectations of 13.1 sen. Property sales of RM336.8m also came below our and management’s target of RM372.1m and RM400.0m, respectively.
I estimated the following quarter will remain EPS at 6 -7 cents, so annual EPS will be 26cents, PE is about 7 based on current price of 1.80. Hope the liabilities will keep reducing, then higher dividend will on going.
The un-bill sales is reducing of 60mil every quarter, that's mean the new sales each quarter is about 40-50mils. if can keep this momentum, the current unbill sales can sustain for 6 quarter+ . so hope after 1.5year the properties market will turn bull again.
Huayang, Tambun , and Matrix are my long term investment group of share. diam diam getting dividend. management good, cash flow strong, not to worry, sleep sweet.
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....
Icon8
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Posted by Icon8 > 2016-04-19 15:19 | Report Abuse
Property sales recovery likely in H2-Star 19th Apr.