If Tambun can announce 6 sen dividend(slightly lower than last year) perhaps Huayang can consider lower than 8 sen dividend announced last year if they cannot give like last year. Still have time to consider since last year dividend announcement in July and ex-date Sep.
"We appreciate your feedback and wish to inform you that the Company has decided to conserve cash for future purposes and have declared a Bonus Issue as part of shareholder's reward for the FY 2016.
As a shareholder of our company, you would appreciate that we operate a sustainable and long-term business model for the future of the Group."
Wa u guys dont be so greedy can or not.... it's already the cheapest, one of the most efficient property development stocks in bursa..... and yet u want to ask for more and more.... just sit back and watch the directors do their show. I'm confident in 10 years time, HuaYang will go BIG.... their cash flow is good, growth prospect is good as well, not to mention that the good management that is efficient and willing to share rewards with shareholders. Management is conserving cash because economic downturn is coming soon and property sector is usually affected heavily during economics downturn.
one of huayang project is one south. Just beside the sg.besi highway. It is mixed development with commercial lot downstairs and condo above. I wonder what is the take up rate. The commercial has been completed long time but there is not much shop open.
1:3 bonus and Q1 result are coming soon. If the upcoming qtr result is reasonably good, price will rebound quickly along with the good sentiment arisen by the soon coming bonus issue. If the qtr is not good, bonus issue can only slow down the drop of the price. I do not want to take risk in this case amidst the poor macro environment, thus I opt to wait and see.
QR due next month but announced earlier could be good. Interest rate cut can help Hua Yang reduce interest expenses. Hopefully can spur property demand as well.
Hulk Icon8, this month QR should not be good right? But hope not too bad. 14/07/2016 17:00
Icon8, expected coming QR will be weak. hopefully annoument for the bonus issues can help to stabilize the share price. More important this is the cash flow, hope not in negative, Huayang borrowing ratio quiet high. T_T...
One should not take 3 months to date quarter cash flow into serious consideration. Anyway, 17Q1 result meet expectations. Because current price is already value very low, it is reasonable that price is already around bottomed.
Beginner01, the bonus issues is not a new thing already, already state in last Q report. So for those rush-in to buy today just because of the annoument yesterday, it will be value trap. I'm not saying HUAYANG not good, but at this moment properties sector still in cold storage, you may need to hold for 1-2 year for next round booming. I also hold some of Huayang share. It is my first earn big money share in year 2011-2013... i hope to see it's shining again in future. But currently it's liability is a matter...real big matter. Hope Mr Ho cant solve it and drive this boat in safe.
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....
hwangte
30 posts
Posted by hwangte > 2016-05-23 13:47 | Report Abuse
Dear Hulk, The proposed bonus issue is reported in the attached explanation to the latest quarterly financial results.