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3,284 comment(s). Last comment by Jun Lim Ng at Apr 18, 2019 3:43 PM
 26 people like this.
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88 posts

Posted by property > Jul 6, 2018 1:42 PM | Report Abuse

Buy properties before SST is implemented to save big: Rehda

160 posts

Posted by drkervokian > Jul 24, 2018 2:46 PM | Report Abuse

Of all ppl only Kenanga is analysing this stock

16 posts

Posted by speedyact > Aug 8, 2018 12:23 PM | Report Abuse

coming back slowly....

Jordan Khoo
1890 posts

Posted by Jordan Khoo > Aug 13, 2018 11:46 AM | Report Abuse

worth to invest

88 posts

Posted by property > Aug 14, 2018 2:34 AM | Report Abuse

Seri Kembangan, a budding suburb

22 posts

Posted by tehsowgeit > Sep 27, 2018 12:27 AM | Report Abuse

Don"t expect any good news this yr, wait until next yr....

8 posts

Posted by Perakian > Oct 16, 2018 4:05 AM | Report Abuse

Buy more when cheap.

30 posts

Posted by Perakians > Oct 19, 2018 11:35 PM | Report Abuse

New/upgrade Perak airport can boost tourism, job opportunity and lastly housing needs.

30 posts

Posted by Perakians > Oct 19, 2018 11:36 PM | Report Abuse

Perak to build new international airport

529 posts

Posted by Val-Elta > Oct 24, 2018 7:34 PM | Report Abuse

QoQ eps increased by 86% and unbilled sales goes up by 25% from 200m to 250m.

Completed but unsold property reduced by 15% too..

The numbers are getting healthier certainly the eps does not warrant the 52week low price

160 posts

Posted by drkervokian > Oct 31, 2018 4:10 PM | Report Abuse

@Val-Elta , investor confidence is shot with Huayang. The only way it'll return if there's internal share buy back followed by dividend announcement.

529 posts

Posted by Val-Elta > Nov 2, 2018 7:12 PM | Report Abuse

Budget 2019 seems slightly positive for developers?

Got some stamp duty exemption for first time buyers/the unsold overhang mentioned by LGE...
But negative also because of rpgt...

Overall, unsure if its net positive or not.

529 posts

Posted by Val-Elta > Nov 2, 2018 10:03 PM | Report Abuse

Most of the insentives, is targetting the market that HY is in, ~ 300-500k range. I'm no expert, but the initial feedback from some experts seems to suggest that it's a beneficial/supportive budget for the housing sector..

For example

Maybank CEO says property sector is the biggest winner from this budget.. but dunno how true it is la.

But... even assuming a small net benefit, I guess some good news is better than no good news at all, and among all property developers, HY do indeed stand to benefit the most from it, vs other more high end developments

2370 posts

Posted by trulyinvest > Nov 2, 2018 10:07 PM | Report Abuse

Mana ada good news. In fact many developer oredi ofer free stamp duty for snp n loan n mot even b4 budjet. Doesnt entice me to buy for investment. Somemore got rgpt. Skrg mana ada property less than 500k? Adalah mayb ulu ulu place

James Ng
930 posts

Posted by James Ng > Nov 14, 2018 11:58 AM | Report Abuse

[转贴] [HUA YANG BHD:拥有466英亩未开发的土地储备,估计GDV为53亿令吉] - James的股票投资James Share Investing

10 posts

Posted by huayang_ > Nov 23, 2018 5:45 AM | Report Abuse

Magna reported higher profit is good news so next QR Huayang can report even better QR?

8 posts

Posted by Perakian > Nov 27, 2018 5:22 AM | Report Abuse

Support MB to build new airport in Seri Iskandar.

8 posts

Posted by Perakian > Nov 27, 2018 5:23 AM | Report Abuse

No conspiracy to topple Perak MB — Nga

160 posts

Posted by drkervokian > Dec 5, 2018 12:02 PM | Report Abuse

Nice. Someone dropped enough share to hit 30 cents

159 posts

Posted by yiniugongxiong > Dec 10, 2018 6:36 PM | Report Abuse


10 posts

Posted by huayang_ > Dec 17, 2018 3:45 AM | Report Abuse

Please sell so so that I can buy more. Recent 30 sen should be rock bottom.

439 posts

Posted by commonsense > Jan 11, 2019 12:23 PM | Report Abuse

The company profit dropped substantially in FY18 when it managed to only record a full year profit of only RM4.4mil vs RM61mil in FY17 and RM110mil in FY16. For 1H19 the group only managed to deliver a profit of RM2.9mil (of which RM1.6mil is from forex gain. Core net profit is only RM1.3mil). FY19 is also expected to deliver very mediocre profit given management decision to focus more on clearing existing inventories (RM66.5mil) and on-going projects rather than pushing sales from new property launches. This is normal given the current weak property market sentiment. Only when market improve will the company consider to make any new property launches of which the biggest will be Puchong Horizon with an estimated GDV of RM2bil (but it will not be in FY19 or FY20). So, any bump up of earning will only be seen in FY21 the earliest (if property market improves).

Assuming the company manage to achieve a core net profit of RM6 mil in FY19 (average 3Q & 4Q profit to be around RM2.4mil per quarter), at the current share price the company is valued at more than 20x PE which is really high for a property company at the moment.

In terms of balance sheet, the group has a higher debt level when compared to other small & mid size property developers. As of Sept 18, the company has an accumulated debt of RM472mil (of which RM155.2mil are short term debt) and only RM14.7mil cash. Net gearing is currently at 75%. The company need to increase its cash reserves quickly given that there is a short-term debt obligation of RM155.2 mil to be paid soon. Any debt refinancing decision will affect its bottom line even further given the increasing interest rate trends (company will pay higher financing cost in the future).

That being said the company is only trading at a PB valuation of 0.2x. Given the earnings uncertainties, this company might be a good candidate for investors with a longer investment horizon (more than 5 years).

If you are looking to diversify your portfolio outside of Hua Yang (due to earnings weakness in the near future) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.5x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV and also the new Alza in 2H19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.

Good luck.

30 posts

Posted by Perakians > Jan 14, 2019 9:52 AM | Report Abuse

Housing(incl affordable) projects in/near Cameron Highland to get PH attention?

15 posts

Posted by henry8888 > Jan 15, 2019 3:30 PM | Report Abuse

New airport in Perak?

15 posts

Posted by henry8888 > Jan 15, 2019 3:32 PM | Report Abuse

New airport new Cameron Highland to boost tourism?

420 posts

Posted by Undi_PKR > Jan 15, 2019 3:35 PM | Report Abuse

New airport near Cameron Highlands to boost tourism and property market?

15 posts

Posted by henry8888 > Jan 24, 2019 1:31 AM | Report Abuse

Hua Yang reports RM5.7m 3Q net profit on better pricing strategy

529 posts

Posted by Val-Elta > Jan 24, 2019 10:18 AM | Report Abuse

Kenanga not increasing TP, those bastards @@

559 posts

Posted by sasword > Jan 30, 2019 11:13 AM | Report Abuse

Agree, mbmr better and stable

88 posts

Posted by property > Feb 17, 2019 10:21 PM | Report Abuse

Rakyat mesti miliki rumah mampu milik - PM

420 posts

Posted by Undi_PKR > Feb 22, 2019 12:27 PM | Report Abuse

Zuraida Huayang house is "mampu milik" like govn want?

608 posts

Posted by kyosan > Apr 15, 2019 3:18 PM | Report Abuse

huayang.... they buy property company which own some land at kajang-bangi $70mil ... ECRL..?ermm

384 posts

Posted by ahfad > Apr 18, 2019 3:04 PM | Report Abuse

boat in, go go go

Jun Lim Ng
3036 posts

Posted by Jun Lim Ng > Apr 18, 2019 3:43 PM | Report Abuse

hoot it....0.395 !!
on the way to 0.42/425

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