The technic of selling first for good report is based on it was going up before report release. But recently it just dropped from 1.50+ to 1.35(today). so this is not applicable bro. However, Dato Thong sell 500k units however he bought few millon unit on this few months. So just wait and Let's see what's going happen.
Hohup is a good counter. it's sleeping and full of potential. Bukit Jalil pavilion 2 is selling good. They are making huge profit this year. Not for contra, not for short term, Just for future and what we need to do is keep patient and hold with it.
Lol. This is the difference between contra and investing. Contra undeniable can make money, but you're on shortcut with over speed, I'm on highway with 110km/h. =) Maybe I'm slow but i believe i can reach safely.
yesterday....Insas Plaza is in 2nd day of selling.....do they know anything we do not know?...If Ho Hup continue to make profits as predicted....no problem if stock price up or down.....I am still holding Ho Hup a long long time before right issue....wait and see what Datuk will do next week !
Mixed commercial development Aurora Place @ Bukit Jalil has sold out and earnings are visible.The project is fully sold and Wong will be keeping an 18-storey office block, the only office block in that development so far for recurring income.
he entire 10-acre plot, with a GDV of about RM1.1bil, is part of the 60 acres held by its subsidiary Bukit Jalil Development Sdn Bhd (BJD). The other 50 acres would be developed under a joint development agreement between BJD and Pioneer Haven Sdn Bhd, a subsidiary of Malton Bhd, which will be developing Pavilion Bukit Jalil there.
He will be leveraging on the success of Malton’s 50-acre development, which, according to RHB Research, will be launched soon as Bukit Jalil City this year.
Under an agreement hammered out some years ago, Ho Hup will be entitled to 18% of the GDV ranging from RM4bil to RM4.5bil for the 50-acre project.
Geng news coming...ta da...
“We are basically leveraging from the money which would come in from the 50 plus 10 acres, estimated at between RM90mil and RM100mil annually for the next seven to eight years,” says Wong.
Thong started to dispose his stake, some more before 1Q results announcement...
Dilution is inevitable. ESOS is likely to increase share base by at most 10%. Management will only be incentivised to manage the share price after it got its ESOS, which will likely happen at least after 3 months when it got approved.
CEO Derek Wong kept stressing that net profit to grow by 20-25% only in the Star for the past 3 weeks. Earnings momentum to normalise. No more catalyst. All has been priced in.
Lol. after holding of 1 year, my conclusion is don't look at director buy sell. big shark won't show their intention that obvious. just to mess with your head.
from RHB, this analyst is crazy? RM1.50 is hard already.. Ho Hup Construction (HO MK, BUY, TP: MYR2.57)
Initiating Coverage
Rebuilding For Growth And Expansion
We initiate coverage on Ho Hup with a BUY recommendation and SOP-based MYR2.57 TP (88% upside, fully-diluted TP: MYR1.90). The company was given a new lease of life after going through years of trial and tribulations, and we expect a decent CAGR earnings growth of 17% in FY14-17F. This is premised on strong unbilled sales and higher contribution from its JV project with Malton.
Earnings visibility. Currently, the company has four construction projects in hand with a total unbilled portion of MYR301.5m. In addition, Ho Hup’s property development project in Bukit Jalil (on 7.2 acres of land) comprises shop offices, smart office versatile office (SOVO), two office towers and retail floors, and has an estimated GDV of MYR1.1bn. The shop offices, retail floors and SOVOs are fully sold with unbilled sales of MYR275.4m as at end-February. The company’s current jobs in hand – together with its combined unbilled amount of MYR576.9m from both its construction and property divisions – translate into earnings visibility for the next two years. JV with Malton to further boost earnings. Ho Hup’s wholly-owned subsidiary, Bukit Jalil Development SB (BJD) has tied up with Malton for the “Pavilion 2” integrated development on 50 acres of land in Bukit Jalil, Kuala Lumpur, with an expected GDV of MYR4bn-4.5bn. Phase 1 of the project, which comprises retail shop offices with an estimated GDV of MYR345m, has been fully sold. Going forward, Malton plans to roll out Phase 2, which includes retail shops and two serviced apartments. The JV is a 5- year project and is estimated to generate positive cash flow for the company. Ho Hup owns 18% under this venture. Based on the expected GDV of MYR4bn-4.5bn, the company should be able to generate MYR720m–810m in revenue from this venture. BUY with a MYR2.57 TP. With its transformation completed in 2014 after it exited PN17, Ho Hup is now able to focus on growing its core businesses, namely property development and construction. The company’s recent set of good FY14 results indicate that Ho Hup on the right track for earnings growth. After facing many hurdles in the past, we understand management is taking a more careful stance while growing the company proactively. We expect decent earnings CAGR of 17% for FY14-17F, premised on strong unbilled sales and higher contribution from its JV with Malton. Overall, we believe that the investment community has overlooked Ho Hup’s turnaround in FY14. In addition, the new management has displayed determination and commitment in reviving and growing the company’s core businesses. We initiate coverage on Ho Hup with a SOP-based TP of MYR2.57 (fully-diluted TP: MYR1.90, post-private placement in Jan 2015). Our valuation also implies a FY16F P/E of 8.9x, higher than its 2-year average historical P/E of 6.0x. However, we believe that our valuation is justified based on (i) stronger earnings growth driven by greater contribution from JV project with Malton and higher earnings recognition from its construction arm, (ii) a turnaround story, whereby we believe that Ho Hup deserves a re-rating as it has turnaround in FY13 with a net profit of MYR22.5m and exited from PN 17 status in FY14, (iii) the company is no longer plagued by legacy issues and we think that the new management is displaying its capability and commitment to lead the company for better future growth.
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 > 2015-05-06 20:22 | Report Abuse
cheap sale...............any buyers tomorrow?