Highlights

Stock Price Target

 
Search
Recent Price Targets: [Sign In or Register (FREE) to view]
 
KLSE: HUAYANG       HUA YANG BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.415 0.37     -0.045 (10.84%)
* 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
30/05/2019 0.32 0.33 +0.01 (3.13%) HOLD KENANGA Price Target News
24/01/2019 0.39 0.41 +0.02 (5.13%) BUY KENANGA Price Target News


Price Target Research Article/News (past 6 months)
30/05/2019  KENANGA Hua Yang Berhad - FY19 Dragged by Associate
24/01/2019  KENANGA Hua Yang - 9M19 Above Expectations



  26 people like this.
 
James Ng https://klse.i3investor.com/blogs/general/182287.jsp
[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
14/11/2018 11:58 AM
huayang_ Magna reported higher profit is good news so next QR Huayang can report even better QR?
23/11/2018 5:45 AM
Perakian Support MB to build new airport in Seri Iskandar.
27/11/2018 5:22 AM
Perakian No conspiracy to topple Perak MB — Nga
https://www.theedgemarkets.com/article/no-conspiracy-topple-perak-mb-%E2%80%94-nga
27/11/2018 5:23 AM
drkervokian Nice. Someone dropped enough share to hit 30 cents
05/12/2018 12:02 PM
huayang_ Please sell so so that I can buy more. Recent 30 sen should be rock bottom.
17/12/2018 3:45 AM
commonsense 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.
11/01/2019 12:23 PM
Perakians Housing(incl affordable) projects in/near Cameron Highland to get PH attention?
14/01/2019 9:52 AM
henry8888 New airport in Perak?
15/01/2019 3:30 PM
henry8888 New airport new Cameron Highland to boost tourism?
15/01/2019 3:32 PM
Undi_PKR New airport near Cameron Highlands to boost tourism and property market?
15/01/2019 3:35 PM
henry8888 Hua Yang reports RM5.7m 3Q net profit on better pricing strategy
https://www.theedgemarkets.com/article/hua-yang-reports-rm57m-3q-net-profit-better-pricing-strategy
24/01/2019 1:31 AM
Val-Elta Kenanga not increasing TP, those bastards @@
24/01/2019 10:18 AM
sasword Agree, mbmr better and stable
30/01/2019 11:13 AM
property Rakyat mesti miliki rumah mampu milik - PM
https://www.bharian.com.my/berita/nasional/2019/02/531802/rakyat-mesti-miliki-rumah-mampu-milik-pm
17/02/2019 10:21 PM
Undi_PKR Zuraida Huayang house is "mampu milik" like govn want?
22/02/2019 12:27 PM
kyosan huayang.... they buy property company which own some land at kajang-bangi $70mil ... ECRL..?ermm
15/04/2019 3:18 PM
ahfad boat in, go go go
18/04/2019 3:04 PM
Jun Lim Ng hoot it....0.395 !!
on the way to 0.42/425
18/04/2019 3:43 PM
bahai4453 all the banks tp is just for guidance and seldom right !
22/04/2019 12:52 PM
ahfad so below value, nta itself 1.75. boat in early for big gain.
24/04/2019 4:47 PM
bahai4453 Good potential bright star to surface. keep faith on it ! Huat ah..
24/04/2019 8:23 PM
ahfad people will only comes once its move and got news. smart money always comes early
24/04/2019 10:03 PM
Octopus got v shape lehh...
03/05/2019 4:29 PM
bahai4453 华 阳 你几时起扬 你老爸我都等到萎阳了
04/05/2019 7:04 PM
posby CL 375
07/05/2019 3:36 AM
ahfad cl already
07/05/2019 4:24 PM
KAQ4468 370
10/05/2019 9:31 AM
KAQ4468 game on to Q report
10/05/2019 10:25 AM
bahai4453 华阳 本财年料亏1240万= 南洋商报
15/05/2019 10:54 PM
bahai4453 目标价:47仙

最新进展:

华阳(HUAYANG,5062,主板产业股)旗下联号公司玛拿第一(MAGNA,7617,主板产业股),去年末季净亏6590万令吉。

累积首9月,华阳销售额年涨74%至2.4亿令吉,比2017和2018财年的2.39亿和2.22亿令吉高。

不过,华阳本财年末季并没有推介新产业。

行家建议:

我们把玛拿第一的负面因素放在一旁,因为那仅是账面的非现金项目,华阳的主要业务仍然稳固。

华阳2019财年首9个月的销售额年增74%至2亿4000万令吉,比2017与2018财年的2.39亿令吉及2.22亿令吉来得高。

我们也知道华阳在末季没有推介新项目,因此,销售额将来自现有项目,例如斯里肯邦安的Astetica Residences以及槟城的Meritus Residensi。

近月,Meritus Residensi接获100项订购,若都转为销量,该产业的认购率,将从第三季的52%增加至82%。

尽管如此,我们仍维持2019财年3.27亿令吉的销售目标,比管理层的4亿令吉低;而2020与2021财年的销售目标预测(4.09亿、5.27亿令吉)也不变。

我们估计华阳在2019财年将蒙亏1240万令吉,此外,2020与2021财年的盈利预测,也分别下修29%和16%,至1360万和2300万令吉。
15/05/2019 10:55 PM
shpg22 GXFC
29/05/2019 6:56 PM
林 歲寒 大江東去
29/05/2019 8:49 PM
sasword 最近一直建套房而已。
30/05/2019 3:49 PM
Kelvin Chiam from august staying until now -_-
30/05/2019 3:53 PM
calvintaneng These are the salient factors for Huayang

1. At 31 sen with Nta over Rm1.50 Huayang has huge margin of safety

2. Govt going into affordable housing very good for Huayang. Huayang meets this criteria

3. The opening of road by Scientex Pulai to Tmn Pulai Indah is excellent for Huayang remaining lots bumi lots and shophouses
Now getting approval for bumi release to waiting buyers

4. The expansion into Kota Masai at Rm15 psf land cost is guarantee to make money
Company says it will launch 2 storey houses here at Rm400k plus next year

Will sell like hot cakes

5. Apts in Serdang only minutes to Bandar Malaysia and Kajang growth zone

6. Huayang will also benefit from Rm3 billions cash infusion up north into Kulim and kulim airport

7. Finally. Best of the best
Huayang sprawling lands in Sri Iskandar is near to Petronas University

Petronas ramping up oil and gas exploration and worldwide acquisition good for more oil and gas jobs.
Expect more houses of huayang to sell in Sri Iskandar

Another huge plus point is the Rapid Oil Refinery in Pengerang. Needs at least 4,000 to 5,000 skilled well trained workers

And then the Downstream chemicals need even more oil and gas workers

Good for Huayang housing in Sri Iskandar, Perak as Petronas University will cause boom for house demand for many years to come

Huayang

Hua - flower
Yang - young

Huayang is a fresh young blooming flower

Now selling cheap at 30 sen only

Buy and average down if got cheaper

Regards

Calvin Tan Research
Singapore
03/06/2019 10:49 AM
Wilson Chan too cheap just RM0.335 price of Huayang with NTA RM1.67, almost 5 times cheaper
03/06/2019 5:06 PM
calvintaneng HUAYANG TOO CHEAP CORRECT!!!

SEE INSIDERS BOUGHT UP TO 60 SEN

MADAM CHEW PO SIM 11-Feb-2019 Acquired 500,000 - View Detail
MR HO WEN FAN 11-Feb-2019 Acquired 500,000 - View Detail
MR HO WEN YAN 11-Feb-2019 Acquired 500,000 - View Detail
MR CHEW HOE SOON 26-Oct-2018 Acquired 21,700 0.385 View Detail
MR HO MOOK LEONG 05-Sep-2018 Acquired 90,000 0.460 View Detail
MR HO MOOK LEONG 14-Jun-2018 Acquired 15,000 0.455 View Detail
MR HO MOOK LEONG 13-Jun-2018 Acquired 70,000 0.457 View Detail
MR HO MOOK LEONG 13-Jun-2018 Acquired 40,000 0.456 View Detail
MR HO MOOK LEONG 13-Jun-2018 Acquired 29,500 0.460 View Detail
MR HO MOOK LEONG 12-Jun-2018 Acquired 40,500 0.465 View Detail
MR HO MOOK LEONG 11-Jun-2018 Acquired 30,000 0.475 View Detail
MR HO MOOK LEONG 08-Jun-2018 Acquired 50,000 0.483 View Detail
MR HO MOOK LEONG 08-Jun-2018 Acquired 50,000 0.480 View Detail
MR HO MOOK LEONG 08-Jun-2018 Acquired 50,000 0.479 View Detail
CHEW HOE SOON 23-May-2018 Acquired 30,000 0.455 View Detail
DATO TAN BING HUA 18-Apr-2018 Acquired 50,000 0.465 View Detail
DATO TAN BING HUA 16-Apr-2018 Acquired 50,000 0.470 View Detail
DATO TAN BING HUA 22-Mar-2018 Acquired 40,000 0.505 View Detail
DATO TAN BING HUA 16-Mar-2018 Acquired 10,000 0.530 View Detail
DATO TAN BING HUA 15-Mar-2018 Acquired 10,000 0.540 View Detail
DATO TAN BING HUA 14-Mar-2018 Acquired 40,000 0.550 View Detail
MADAM CHEW PO SIM 11-Dec-2017 Acquired 2,000,000 0.600
03/06/2019 5:08 PM
bahai4453 Why result is in the red but still going up like Iwcity ? Look at Berjaya Corp and Ecoworld, they made some money but going south ? Share market is puzzling ??
03/06/2019 6:50 PM
calvintaneng Share is judged by its future earnings
03/06/2019 7:23 PM
Val-Elta Also, bahai, u rrally expect HY to stay at 30c???? Plenty of buyer.. and makes no sense at all to be selling at this price range unless ur forced to sale for other reasons. Its not puzzling at all, plenty of value for HY at < 40 cents
04/06/2019 2:00 PM
bahai4453 thks I got it !
05/06/2019 1:09 PM
bahai4453 future earnings? sure enough can earn ?
05/06/2019 1:11 PM
wilsonchan87 total buy vol 1,682,500
total sell vol 275,400
buy rate 85.93%
08/06/2019 9:59 AM
Kelvin Chiam are this share coming back??? lol
12/06/2019 11:47 AM
Perakians Any1 here from Perak?
12/06/2019 3:47 PM
Perakians New airport to be build?
12/06/2019 3:49 PM
calvintaneng Wahaha!!!

Another Chun Chun Call of Calvin Tan Research
Up 30% already !!!

Now guys.

Go buy some Asb while cheap

Calvin buy call for Huayang was only 30 sen. Near bottom
So Asb (advance synergy Bhd) price also near bottom at 14 sen

Always buy when price is low
13/06/2019 11:55 AM
calvintaneng Buy low sell high is Calvin Tan Research forte
13/06/2019 11:55 AM
stockguru123 last month visited to Hua Yang sales gallelry at Puchong@Puchong Horizon n Johor sales gallery....so bad the sales and together wth disaster investment at Magna Prima(on paper loss rm100mil)...i believe Hua Yang will in big trouble ....decided sold the share last week n this week since the pricing up quite substantial....believe some one big shark want to dispose at higehr price
14/06/2019 11:45 AM


245  419  478  738 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 GREATEC 0.81+0.07 
 HSI-C5P 0.225-0.02 
 EKOVEST 0.83-0.01 
 HSI-H6P 0.34+0.02 
 IWCITY 0.995+0.005 
 INARI 1.46-0.11 
 LAMBO 0.06-0.005 
 MYEG 1.44-0.04 
 ECONBHD 0.725-0.005 
 MTRONIC-WA 0.0250.00 
Partners & Brokers