never give on money :) besides not contra players... i believe current holders, who will win big is those have holding power...and join the ride when it starts..
Good... let the research houses promote loh definitely 100 times better than ikan bilis like me promoting hehe.... wait for it... wait for it... safe weekend everyone...
Hohup has no more new income or new project la. they have to wait for Malton to complete the Bukit Jalil project ( i think 5 to 7 years) , only they can get back their profit sharing. now wait to die only unless they find new project . becos during construction period, there is no Joint-venture agreement allows land owner to share the profit due to fluctuation of cost and selling price.
Property division to grow. The Group have received positive response on its Aurora shop offices and SOVO tower with a strong take up rate. It brings the total unbilled sales at RM317.5m as of 1Q14 which would last over the next 1 year. Presently, Ho Hup has a total GDV of RM399m and will launch another phase of its 10-acres development. Meanwhile, the Joint Development Agreement with Malton Bhd for the 50-acre land is expected to bring in significant cash flow moving forward.
Financial position. Ho Hup has managed to improve its balance sheet with net cash position of RM65.2m as of FY13. For FY14, we expect the debt to be zero and the Group will finance its operation using internal funds.
View & Valuation. We initiate coverage on the company with a TP of RM1.95 based on sum of parts valuation. We like Ho Hup given its good track record in infra projects and potential of higher earnings growth from its property development.
An overview. Ho Hup Construction Company Bhd (Ho Hup) was listed on the main board of Bursa Malaysia in 1991. The Group has a long track record in the civil engineering and infrastructure construction as well as the building works in Malaysia, China, Iraq, India, and Africa. Ho Hup then expanded its horizon into property development via its wholly owned subsidiary Bukit Jalil Development SB (BJDSB) predominantly into commercial and residential development located in Bukit Jalil.
John R. Sorry to pose this question but just curious. If as painted Ho Ho is such a good co, how did it land up in the mess and came under PN17? I am new here and just need some info
Ho Hup is a 54 year old company. Its had it's glory days when it was at a high of 8.50 and has seen its darkest days in recent times. The important thing is that it's headed for better times. If you have bought into this counter and want to know what happened, here's a good write up on what happened to the company:
I can tell you a bit more about Ho Hup but not in a public forum. I've got a really knowledgeable remiser who gives super advise. Look for me on facebook and message me.
No need remisier all la. Got investment banker here, I'm way superior in analytical skills. Ho Hup is good to go..war will not affect their biz there. Plus the growth is reasonably good. No reason to ciao
Ho Hup need to hold long for 1-2 years like my darling GUH and Uzma..Slower than them but steady and the dividends may increase in later Qs..hopefully that occurs. But it's alright, still relatively cheap to purchase now..
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....
moneycashrich
2,101 posts
Posted by moneycashrich > 2014-06-11 09:23 | Report Abuse
Look like all systems fired up for Ho Hup train to go up up.............sky