|Last Price ||Avg Target Price || Upside/Downside ||Price Call |
|3.51 ||2.85 || -0.66 (18.80%) || |
|* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.|
|** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).|
|Date ||Open Price ||Target Price ||Upside/Downside ||Price Call ||Source ||News |
|27/02/2014 ||3.01 ||2.85 ||-0.16 (5.32%) ||HOLD ||CIMB || |
Yeap Chin Poh Joel, I still do not understand why you think it will go up by 27/7. There is nothing in the calendar that will act as a catalyst. At best I think end August as that is when the 1/4 results come out.
Joel Poh, If August Q result is good, then I will keep it.
cks80share This counter coming Q maybe won't have better results...as its Sabah properties... was impacted...
Yeap Chin Poh Ok I looked but do not understand what you mean by "Sabah properties was impacted". Some explanation would be welcome.
Joel Hapseng sold some pieces of land in Sabah in May-Jun 2014 about rm2.0 bil.
Yeap Chin Poh "Hap Seng's subsidiary is disposing two pieces of leasehold land in Sabah
Hap Seng Consolidated Bhd's subsidiary is disposing two pieces of leasehold land in Sabah for RM278m. The disposal is expected to bring a net gain of approximately RM199.5m to the company. (Malaysian Reserve)"
Land's cost is only RM77 million. I do not think impact is much on future development. The profit on disposal is about >8 sens EPS and should be recorded inside this coming quarter release.
Joel So, the next q result will be good , right ?
yeap chin poh
HJey Result out on next month. Bangsar project is progressing and Menara Hap Seng 2 to be completed soon. 2015 will be even better than 2014
Yeap Chin Poh I think Hapseng has a very good management. I have faith in them.
HJey Good or not hard to say. I only know there are no major scandal yet