With unbilled for construction and property stands at RM310.0m and RM277.3m respectively plus with new property launches as well as the contribution from the joint venture development with Malton Bhd, we believe the earnings outlook remains intact moving forward.
Today down again. Useless Ho Hup N better shift to other counter for long term investment. This counter no hope n like tortoise, Push up10 cent then down 9 cent.in few day. Wahkaka
Ho Hup signs agreement to inject more cash into H2Advance By Ahmad Naqib Idris / theedgemarkets.com | March 13, 2015 : 8:33 PM MYT Share on facebookShare on twitter Printer-friendly versionSend by emailPDF version KUALA LUMPUR (Mar 13): Ho Hup Construction Company Bhd ( Financial Dashboard) has entered into a shareholders' agreement (SHA) with Kiara Komposit Sdn Bhd and Daiman Kapital Sdn Bhd, to contribute further capital to their joint entity H2Advance Builders Sdn Bhd, formerly known as Nippon Awantech Sdn Bhd.
As at March 13, Ho Hup (fundamental: 1.5; valuation: 2.1) holds 60,000 shares or 60% stake in H2Advance, while Kiara Komposit and Daiman Kapital each holds 20,000 shares or 20% equity interest in the company.
Under the SHA, the parties have agreed to contribute further capital into H2Advance as a shareholders' advance, based on their holdings in the company, with the advances to be converted into shares following the full contribution of the parties.
"The cost of equity participation by Ho Hup will be satisfied in cash from internally generated funds," said Ho Hup in a filing with the exchange.
Post-share conversion, Ho Hup will own 600,000 shares, representing a 60% stake in H2Advance, while Kiara Komposit and Daiman Kapital will hold 200,000 shares each, or 20% stake.
Meanwhile, Ho Hup will nominate three directors for H2Advance, while Kiara Komposit and Daiman Kapital will nominate one director each.
"This is in line with the strategy of Ho Hup group to expand its participation and to build a stronger footing in the construction and property development industry," said the group.
While Ho Hup does not expect the exercise to have a material impact on its earnings for the financial year ending Dec 31, 2015, it expects positive contribution in the future.
The counter fell 1 sen or 0.72% to close at RM1.37. Its market capitalisation was RM474.2 million.
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....
duitKWSPkita
26,756 posts
Posted by duitKWSPkita > 2015-03-06 15:32 | Report Abuse
2nd attempt at RM1.470.....................
should be very positive uptrend growth then..................