Posted by rica7894 > 2015-10-22 16:56 | Report Abuse

Deep in value!!!!


Hwang Capital (M) Bhd. is organised into the following operating segments: moneylending, investment holding and property investment.

To recap, Hwang Capital (M) Bhd. has on 7 April 2014 completed the disposal of its entire equity interest in Hwang-DBS Investment Bank Berhad (HDBSIB) and its subsidiaries and associated companies to AFFIN for a total cash consideration of RM1,300.4m. Hwang Capital (M) Bhd. is required to maintain its listing status for a period of two (2) years from the date of the Sale Purchase Agreement (SPA) signed between HDBS and AFFIN. The SPA was dated 22 January 2014.

More capital repayments / special dividends in the future? In the event that Hwang Capital (M) Bhd. is not able to identify and acquire any potential businesses in the next few months , it understand that the Board of Director of Hwang Capital (M) Bhd. has no intention to maintain the listing status. Under such circumstance, Hwang Capital (M) Bhd. is likely to carry out capital repayment and to go through liquidation exercise for the remaining assets and to return any net cash recoverable to the shareholders.

=====Safe-Heaven!!!!=====

-Strong and almost all-cash for its net assets.

A cash rich company with net cash position and zero borrowings .
Net assets per share is Rm3.24 for the financial year ended 31 July 2015..

Attractive dividend yield of of 4.9%. (A final dividend of 10 sen per share will be reward to shareholders in November 2015).


It will be exciting in the next few months if and when it liquidate all its assets and return the proceeds to its shareholders.

Posted by firehawk > 2015-10-28 10:04 | Report Abuse

what happen? today so surge .......

Posted by hng33 > 2015-11-02 15:32 | Report Abuse

Bought hwang at 2.11

Posted by kahhoeng > 2015-11-02 22:09 | Report Abuse

hng33, never realize you are also interested in hwang...

Posted by Kenneth Soosay > 2015-11-03 10:23 | Report Abuse

Why is share moving up. Any new developments

Posted by hng33 > 2015-11-03 10:41 | Report Abuse

Sold Hwang at 2.15, realize contra gain

Posted by pitpit > 2015-11-04 09:53 | Report Abuse

kwek leng beng's hotel executive director bought a 4.7% stake in hwang. Worth 24 million now. He's rich.

Posted by kaikai > 2015-11-04 15:13 | Report Abuse

There are few possibilities here . A) RTO , B) Capital Repayment, C) Injecting new business into Hwang, D) Status Quo with dividend yield of 5% .. In case A, B, C , it would yield more than 50-100% .

Posted by kaikai > 2015-11-04 15:14 | Report Abuse

Start to accumulate now !

Posted by Hk Wong > 2015-11-05 11:15 | Report Abuse

maybe people selling

Posted by pitpit > 2015-11-05 14:09 | Report Abuse

hwang family and ministry finance of singapore's stake still remain the same.they are holding out.

Posted by Hk Wong > 2015-11-06 12:45 | Report Abuse

The company's share price has risen over the past year, but we believe underlying fundamentals to be the primary
determinant of long-term performance.

Posted by pitpit > 2015-11-06 15:43 | Report Abuse

share price only up less than 15% over the past year. considering the fact that Hwang Cap's P/B~ 0.6x, PE ~ 11x (PE ex-cash 2.2x), DY ~ 5% and net cash of RM1.73 (including liquid assets), this company is significantly undervalued.

Posted by kaikai > 2015-11-06 23:23 | Report Abuse

Yes, for value investors . This is definitely a good buy, timeframe should be less than 12 months. Attend the AGM on 24th November, the Board shall reveal updates on the utilization of the proceeds.

Posted by kaikai > 2015-11-09 16:53 | Report Abuse

Extracted from 2015 Q4 Annual Report

"The initial intended timeframe for utilisation of the proceeds allocated for potential acquisition of new business was within twelve months from the date of completion of disposals of subsidiaries and associate on 7 April 2014. Pending identification of a potential viable business, the timeframe for utilisation of the proceeds has been extended for another twelve months from 7 April 2015. "

So by April 2016 ,there shall be a decision ?

Posted by datasonic > 2015-11-24 18:49 | Report Abuse

Will big announcement to be announced tomorrow?

Posted by luffy > 2015-11-25 10:47 | Report Abuse

Any news so far?

Posted by datasonic > 2015-11-25 17:50 | Report Abuse

any announcement for new business acquisition?

Posted by kaikai > 2015-11-26 16:06 | Report Abuse

Key take aways from AGM :

Shareholders will continue to enjoy above average dividend yield. A total for MYR440 million are kept in money markets which means that there is free cash flow of RM20 million from investments alone on top of BAU.

Good for long term investors. Continue to accumulate, it shall touch RM 2.8 in near term

Posted by Hk Wong > 2015-12-03 09:28 | Report Abuse

LOOK LIKE DOWN

Posted by pitpit > 2015-12-03 12:59 | Report Abuse

10sens dividend already EX.

Posted by kaikai > 2015-12-23 08:35 | Report Abuse

Grossly undervalued. NTA is at rm3.5 (plus minus) all in cash. Would you pay someone RM2.20 to get their RM3.5 ? Again Graham's intrinsic value concept, if you follow Warren Buffet, you would know what I meant, when he bought into bonds that's worth way more than its value.

Posted by member41 > 2015-12-23 20:31 | Report Abuse

Just buy and hold it.

Posted by Hk Wong > 2015-12-30 08:26 | Report Abuse

still long way to reach. any news

Posted by datasonic > 2016-01-12 09:27 | Report Abuse

im holding this counter since two year ago ..... at 1.90

should i sell now and continue to wait

Posted by Hk Wong > 2016-01-12 12:54 | Report Abuse

if you cannot wait than sell. if can wait than will get the reward.

Posted by datasonic > 2016-01-12 14:35 | Report Abuse

how long have to wait ya?
Thanks Hk Wong

Posted by kaikai > 2016-01-12 17:50 | Report Abuse

datasonic: An announcement is due this April on whether the company would return RM250Mil to the shareholders, it's also customary for the company to declare a dividend in the same period. Hence, I would suggest you hold till April. I won't be surprise if the stock can rise to it's cash value which is RM3.5

Posted by datasonic > 2016-01-13 10:40 | Report Abuse

kaikai.... thanks for sharing

Posted by firehawk > 2016-01-15 16:57 | Report Abuse

so cheap .... but still drop... no one want to buy?

Posted by firehawk > 2016-02-15 09:36 | Report Abuse

rises very little .... should announce rm1 dividend!

Posted by 15% to 20% > 2016-02-16 16:56 | Report Abuse

http://klse.i3investor.com/blogs/kenangaresearch/50386.jsp

Posted by 15% to 20% > 2016-02-16 16:57 | Report Abuse

2 years from 22 Jan 2014 expire?

Posted by datasonic > 2016-02-17 15:16 | Report Abuse

how much it can go up? RM2.68?

Posted by jmc1988 > 2016-02-17 15:27 | Report Abuse

Saw that this was picked on absolutelystocks.com at RM2.28....can still go up?

Posted by 15% to 20% > 2016-02-17 16:52 | Report Abuse

jmc, what was mentioned?

Posted by 15% to 20% > 2016-02-17 16:58 | Report Abuse

Based on Hwang latest financial result, the NTA is RM3.28

Posted by 15% to 20% > 2016-02-17 17:56 | Report Abuse

No info, hopefully will be like ECM (went limit up).

Posted by jmc1988 > 2016-02-17 20:39 | Report Abuse

15% to 20%: it is just a website that picks up momentum stocks...I signed up for a 1-month free trial. So far some of the picks have worked..think they flagged out PMCORP and sernkou. Hope the next picks work!

Posted by 15% to 20% > 2016-02-18 09:07 | Report Abuse

what is the next pick?

Posted by jmc1988 > 2016-02-18 10:09 | Report Abuse

Comes out during the lunch break...will update here. See if Hwang can break 2.40!

Posted by kusmitea > 2016-02-18 10:14 | Report Abuse

Subscribed to them too! it picked IJMP yesterday! lets see!

Posted by jmc1988 > 2016-02-18 13:53 | Report Abuse

15% to 20% : picks just came out.....ioi, tropicana and padini!

Posted by 15% to 20% > 2016-02-18 14:11 | Report Abuse

IJMP also didnt move on yesterday 17/02/2016

Posted by kusmitea > 2016-02-18 14:48 | Report Abuse

Well, you cant be expecting all picked stocks are on point! However, for the past 1 year, it does have good selection of stocks ---> very good success rate!

Posted by 15% to 20% > 2016-02-18 16:40 | Report Abuse

Any idea how much is the annual fee?

Posted by kaikai > 2016-02-18 17:49 | Report Abuse

It was reported in Focus that Hwang has until April 2016 to decide on the distribution of RM250Million. The payout translates into RM0.98 or 44% upside from closing price of RM 2.2X on Feb 14. Should Hwang decide to on hold on to the cash, it's anticipated that Hwang will pay our RM0.10 dividend in FY16 that would offer investor a healthy 5% return. Nevertheless, Hwang is under pressure to return the cash; similar to the ECMLibra case where it returned a total of RM800+ million after selling off its investment bank business,

Posted by jmc1988 > 2016-02-18 17:50 | Report Abuse

Hmmm yea IJMP did not move. But today got Tropicana at 111 and it closed at 115! I think not all stocks will go up....but at least got better chance! Annual fee is RM600...need to make RM50 per month to cover...

Posted by kaikai > 2016-02-18 17:51 | Report Abuse

For the benefit of the investors, Hwang is owned by Hwang family 20+% and DBS Bank 20+%.

Posted by jmc1988 > 2016-02-18 18:06 | Report Abuse

I see I see. maybe that is why it has gone up a lot! Hopefully the major shareholders don't burn the minority