Highlights
KLSE: YNHPROP (3158)       YNH PROPERTY BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
2.67   -0.01 (0.37%)  2.65 - 2.69  90,400
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Financials


Market Cap: 1,412 Million

Market Cap 1,412 Million
NOSH 529 Million

Latest Audited Result:  31-Dec-2018

Latest Audited Result: 31-Dec-2018
Announcement Date 30-Apr-2019
Next Audited Result: 31-Dec-2019
Est. Ann. Date: 30-Apr-2020
Est. Ann. Due Date: 28-Jun-2020

Latest Quarter:  31-Mar-2019 [#1]

Latest Quarter: 31-Mar-2019 [#1]
Announcement Date 28-May-2019
Next Quarter: 30-Jun-2019
Est. Ann. Date: 30-Aug-2019
Est. Ann. Due Date: 29-Aug-2019
QoQ | YoY   1,633.10%  |    40.25%

Annual (Unaudited) ( EPS: 2.95, P/E: 90.49 )

Revenue | NP to SH 362,723  |  15,608
RPS | P/RPS 68.57 Cent  |  3.89
EPS | P/E | EY 2.95 Cent  |  90.49  |  1.11%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.72  |  1.55
YoY   -51.93%
NP Margin | ROE 4.30%  |  1.72%
F.Y. | Ann. Date 31-Dec-2018  |  28-Feb-2019

T4Q Result ( EPS: 3.35, P/E: 79.81 )

Revenue | NP to SH 358,173  |  17,697
RPS | P/RPS 67.71 Cent  |  3.94
EPS | P/E | EY 3.35 Cent  |  79.81  |  1.25%
DPS | DY | Payout % 0.02 Cent  |  0.01%  |  0.60%
NAPS | P/NAPS 1.73  |  1.54
QoQ | YoY   13.38%  |    -45.42%
NP Margin | ROE 4.94%  |  1.93%
F.Y. | Ann. Date 31-Mar-2019  |  28-May-2019

Annualized Result ( EPS: 5.52, P/E: 48.51 )

Revenue | NP to SH 299,184  |  29,116
RPS | P/RPS 56.56 Cent  |  4.72
EPS | P/E | EY 5.52 Cent  |  48.51  |  2.06%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   86.55%  |    40.25%
NP Margin | ROE 9.73%  |  3.18%
F.Y. | Ann. Date 31-Mar-2019  |  28-May-2019


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2019 28-May-2019 31-Mar-2019 1 358,173 29,558 17,697 17,697 105 915,169 0.60% 4.94% 1.93% 528,999 67.71 67.71 3.35 3.35 0.02 0.02 1.7300 1.73   13.38%   -45.42% 29-Mar-2019 1.19 1.76 35.57 0.69 2.81% 0.02% 28-May-2019 1.95 2.88 58.29 1.13 1.72% 0.01%
31-Dec-2018 28-Feb-2019 31-Dec-2018 4 362,723 26,062 15,608 15,608 105 909,879 0.68% 4.30% 1.72% 528,999 68.57 68.57 2.95 2.95 0.02 0.02 1.7200 1.72   -50.58%   -51.93% 31-Dec-2018 1.30 1.90 44.06 0.76 2.27% 0.02% 28-Feb-2019 1.21 1.76 41.01 0.70 2.44% 0.02%
31-Dec-2018 22-Nov-2018 30-Sep-2018 3 376,746 49,808 31,583 31,583 105 936,329 0.33% 8.38% 3.37% 528,999 71.22 71.22 5.97 5.97 0.02 0.02 1.7700 1.77   6.19%   10.00% 28-Sep-2018 1.39 1.95 23.28 0.79 4.30% 0.01% 22-Nov-2018 1.34 1.88 22.44 0.76 4.46% 0.01%
31-Dec-2018 30-Aug-2018 30-Jun-2018 2 380,999 43,134 29,743 29,743 0 946,909 - % 7.81% 3.14% 528,999 72.02 72.02 5.62 5.62 0.00 0.00 1.7900 1.79   -8.27%   -11.74% 29-Jun-2018 1.30 1.80 23.12 0.73 4.33% 0.00% 30-Aug-2018 1.42 1.97 25.26 0.79 3.96% 0.00%
31-Dec-2018 31-May-2018 31-Mar-2018 1 345,692 50,032 32,424 32,424 0 941,619 - % 9.38% 3.44% 528,999 65.35 65.35 6.13 6.13 0.00 0.00 1.7800 1.78   -0.14%   -19.65% 30-Mar-2018 1.42 2.17 23.17 0.80 4.32% 0.00% 31-May-2018 1.37 2.10 22.35 0.77 4.47% 0.00%
31-Dec-2017 26-Feb-2018 31-Dec-2017 4 333,728 50,134 32,468 32,468 0 929,848 - % 9.73% 3.49% 525,338 63.53 63.09 6.18 6.14 0.00 0.00 1.7700 1.76   13.08%   -15.42% 29-Dec-2017 1.40 2.20 22.65 0.79 4.41% 0.00% 26-Feb-2018 1.42 2.24 22.98 0.80 4.35% 0.00%
31-Dec-2017 23-Nov-2017 30-Sep-2017 3 346,488 43,262 28,712 28,712 0 914,088 - % 8.29% 3.14% 525,338 65.96 65.50 5.47 5.43 0.00 0.00 1.7400 1.73   -14.80%   -19.72% 29-Sep-2017 1.40 2.12 25.62 0.80 3.90% 0.00% 23-Nov-2017 1.40 2.12 25.62 0.80 3.90% 0.00%
31-Dec-2017 29-Aug-2017 30-Jun-2017 2 334,092 49,159 33,701 33,701 0 920,459 - % 10.09% 3.66% 528,999 63.16 63.16 6.37 6.37 0.00 0.00 1.7400 1.74   -16.48%   23.79% 30-Jun-2017 1.48 2.34 23.23 0.85 4.30% 0.00% 29-Aug-2017 1.40 2.22 21.98 0.80 4.55% 0.00%
31-Dec-2017 23-May-2017 31-Mar-2017 1 383,119 56,675 40,353 40,353 0 909,879 - % 10.53% 4.43% 528,999 72.42 72.42 7.63 7.63 0.00 0.00 1.7200 1.72   5.12%   134.28% 31-Mar-2017 1.51 2.08 19.80 0.88 5.05% 0.00% 23-May-2017 1.52 2.10 19.93 0.88 5.02% 0.00%
31-Dec-2016 28-Feb-2017 31-Dec-2016 4 360,246 53,570 38,387 38,387 0 903,581 - % 10.66% 4.25% 525,338 68.57 68.10 7.31 7.26 0.00 0.00 1.7200 1.71   7.33%   100.62% 30-Dec-2016 1.50 2.19 20.53 0.87 4.87% 0.00% 28-Feb-2017 1.50 2.19 20.53 0.87 4.87% 0.00%
31-Dec-2016 29-Nov-2016 30-Sep-2016 3 303,881 37,883 35,765 35,765 0 776,562 - % 11.77% 4.61% 459,504 66.13 57.44 7.78 6.76 0.00 0.00 1.6900 1.47   31.37%   171.09% 30-Sep-2016 1.62 2.45 20.81 0.96 4.80% 0.00% 29-Nov-2016 1.53 2.31 19.66 0.91 5.09% 0.00%
31-Dec-2016 29-Aug-2016 30-Jun-2016 2 326,664 28,894 27,224 27,224 0 830,443 - % 8.33% 3.28% 413,156 79.07 61.75 6.59 5.15 0.00 0.00 2.0100 1.57   58.06%   14.86% 30-Jun-2016 1.88 2.38 28.53 0.94 3.50% 0.00% 29-Aug-2016 1.92 2.43 29.14 0.96 3.43% 0.00%
31-Dec-2016 27-May-2016 31-Mar-2016 1 258,369 15,157 17,224 17,224 0 798,844 - % 6.67% 2.16% 403,456 64.04 48.84 4.27 3.26 0.00 0.00 1.9800 1.51   -9.98%   -49.84% 31-Mar-2016 1.94 3.03 45.44 0.98 2.20% 0.00% 27-May-2016 1.88 2.94 44.04 0.95 2.27% 0.00%
31-Dec-2015 29-Feb-2016 31-Dec-2015 4 317,089 20,727 19,134 19,134 0 796,532 - % 6.03% 2.40% 402,289 78.82 59.94 4.76 3.62 0.00 0.00 1.9800 1.51   45.03%   -58.56% 31-Dec-2015 1.82 2.31 38.27 0.92 2.61% 0.00% 29-Feb-2016 1.95 2.47 41.00 0.98 2.44% 0.00%
31-Dec-2015 30-Nov-2015 30-Sep-2015 3 316,111 26,578 13,193 13,193 0 796,183 - % 4.17% 1.66% 406,216 77.82 59.76 3.25 2.49 0.00 0.00 1.9600 1.51   -44.34%   -73.22% 30-Sep-2015 1.84 2.36 56.65 0.94 1.77% 0.00% 30-Nov-2015 1.90 2.44 58.50 0.97 1.71% 0.00%
31-Dec-2015 27-Aug-2015 30-Jun-2015 2 347,316 40,456 23,701 23,701 8,115 791,699 34.24% 6.82% 2.99% 405,999 85.55 65.66 5.84 4.48 2.00 1.53 1.9500 1.50   -30.98%   -50.48% 30-Jun-2015 1.90 2.22 32.55 0.97 3.07% 1.05% 27-Aug-2015 1.69 1.98 28.95 0.87 3.45% 1.18%
31-Dec-2015 26-May-2015 31-Mar-2015 1 442,328 54,882 34,339 34,339 16,185 821,904 47.14% 7.76% 4.18% 410,952 107.63 83.62 8.36 6.49 4.00 3.06 2.0000 1.55   -25.63%   -29.99% 31-Mar-2015 1.90 1.77 22.74 0.95 4.40% 2.11% 26-May-2015 1.92 1.78 22.98 0.96 4.35% 2.08%
31-Dec-2014 27-Feb-2015 31-Dec-2014 4 444,379 69,261 46,173 46,173 16,185 815,199 35.05% 10.39% 5.66% 411,717 107.93 84.00 11.21 8.73 4.00 3.06 1.9800 1.54   -6.28%   7.27% 31-Dec-2014 2.08 1.93 18.55 1.05 5.39% 1.92% 27-Feb-2015 1.94 1.80 17.30 0.98 5.78% 2.06%
31-Dec-2014 28-Nov-2014 30-Sep-2014 3 475,372 71,173 49,265 49,265 24,618 803,438 49.97% 10.36% 6.13% 405,777 117.15 89.86 12.14 9.31 6.07 4.65 1.9800 1.52   2.94%   5.16% 30-Sep-2014 2.09 1.78 17.21 1.06 5.81% 2.90% 28-Nov-2014 2.04 1.74 16.80 1.03 5.95% 2.97%
31-Dec-2014 28-Aug-2014 30-Jun-2014 2 387,531 68,277 47,857 47,857 22,789 790,896 47.62% 12.35% 6.05% 403,518 96.04 73.26 11.86 9.05 5.65 4.31 1.9600 1.50   -2.43%   -0.20% 30-Jun-2014 1.95 2.03 16.44 0.99 6.08% 2.90% 28-Aug-2014 2.08 2.17 17.54 1.06 5.70% 2.72%
31-Dec-2014 22-May-2014 31-Mar-2014 1 328,218 68,905 49,050 49,050 25,271 831,790 51.52% 14.94% 5.90% 417,985 78.52 62.05 11.73 9.27 6.00 4.78 1.9900 1.57   13.95%   -6.01% 31-Mar-2014 1.85 2.36 15.76 0.93 6.34% 3.24% 22-May-2014 1.95 2.48 16.62 0.98 6.02% 3.08%
31-Dec-2013 25-Feb-2014 31-Dec-2013 4 303,623 60,180 43,045 43,045 25,271 860,159 58.71% 14.18% 5.00% 421,647 72.01 57.40 10.21 8.14 6.00 4.78 2.0400 1.63   -8.12%   -13.20% 31-Dec-2013 1.83 2.54 17.93 0.90 5.58% 3.28% 25-Feb-2014 1.78 2.47 17.44 0.87 5.74% 3.37%
31-Dec-2013 28-Nov-2013 30-Sep-2013 3 279,339 64,695 46,848 46,848 16,838 846,563 35.94% 16.77% 5.53% 419,090 66.65 52.81 11.18 8.86 4.00 3.18 2.0200 1.60   -2.30%   5.39% 30-Sep-2013 1.80 2.70 16.10 0.89 6.21% 2.22% 28-Nov-2013 1.73 2.60 15.48 0.86 6.46% 2.31%
31-Dec-2013 28-Aug-2013 30-Jun-2013 2 302,484 63,899 47,952 47,952 16,735 856,864 34.90% 15.85% 5.60% 422,100 71.66 57.18 11.36 9.06 3.96 3.16 2.0300 1.62   -8.12%   11.94% 28-Jun-2013 1.99 2.78 17.52 0.98 5.71% 1.99% 28-Aug-2013 1.90 2.65 16.72 0.94 5.98% 2.09%
31-Dec-2013 28-May-2013 31-Mar-2013 1 309,169 66,444 52,187 52,187 14,406 835,869 27.61% 16.88% 6.24% 413,796 74.72 58.44 12.61 9.87 3.50 2.72 2.0200 1.58   5.24%   34.91% 29-Mar-2013 1.90 2.54 15.07 0.94 6.64% 1.84% 28-May-2013 2.14 2.86 16.97 1.06 5.89% 1.64%
31-Dec-2012 28-Feb-2013 31-Dec-2012 4 281,526 63,429 49,590 49,590 14,406 833,136 29.05% 17.61% 5.95% 412,443 68.26 53.22 12.02 9.37 3.50 2.72 2.0200 1.57   11.56%   7.64% 31-Dec-2012 1.89 2.77 15.72 0.94 6.36% 1.85% 28-Feb-2013 1.89 2.77 15.72 0.94 6.36% 1.85%
31-Dec-2012 28-Nov-2012 30-Sep-2012 3 287,074 56,756 44,450 44,450 14,406 820,314 32.41% 15.48% 5.42% 412,218 69.64 54.27 10.78 8.40 3.50 2.72 1.9900 1.55   3.76%   -12.56% 28-Sep-2012 1.86 2.67 17.25 0.93 5.80% 1.88% 28-Nov-2012 1.87 2.69 17.34 0.94 5.77% 1.87%
31-Dec-2012 29-Aug-2012 30-Jun-2012 2 262,005 63,411 42,839 42,839 14,354 809,976 33.51% 16.35% 5.29% 411,155 63.72 49.53 10.42 8.10 3.50 2.71 1.9700 1.53   10.75%   -24.17% 29-Jun-2012 1.94 3.04 18.62 0.98 5.37% 1.80% 29-Aug-2012 1.92 3.01 18.43 0.97 5.43% 1.82%
31-Dec-2012 28-May-2012 31-Mar-2012 1 224,255 59,436 38,682 38,682 6,253 799,975 16.17% 17.25% 4.84% 410,243 54.66 42.39 9.43 7.31 1.53 1.18 1.9500 1.51   -16.04%   -33.52% 30-Mar-2012 1.90 3.48 20.15 0.97 4.96% 0.81% 28-May-2012 1.97 3.60 20.89 1.01 4.79% 0.78%
31-Dec-2011 23-Feb-2012 31-Dec-2011 4 226,474 68,599 46,051 46,071 18,391 792,523 39.92% 20.33% 5.81% 410,633 55.15 42.81 11.22 8.71 4.50 3.48 1.9300 1.50   -9.38%   -19.37% 30-Dec-2011 1.80 3.26 16.04 0.93 6.23% 2.50% 23-Feb-2012 1.88 3.41 16.76 0.97 5.97% 2.39%
31-Dec-2011 25-Nov-2011 30-Sep-2011 3 203,221 77,547 50,817 50,837 36,454 784,790 71.71% 25.01% 6.48% 408,744 49.72 38.42 12.44 9.61 9.00 6.89 1.9200 1.48   -10.02%   -8.52% 30-Sep-2011 1.69 3.40 13.59 0.88 7.36% 5.33% 25-Nov-2011 1.79 3.60 14.39 0.93 6.95% 5.03%
31-Dec-2011 26-Aug-2011 30-Jun-2011 2 204,031 75,003 56,477 56,497 36,337 780,596 64.32% 27.68% 7.24% 408,689 49.92 38.57 13.82 10.68 9.00 6.87 1.9100 1.48   -2.90%   6.20% 30-Jun-2011 1.97 3.95 14.25 1.03 7.02% 4.57% 26-Aug-2011 1.74 3.49 12.59 0.91 7.94% 5.17%
31-Dec-2011 23-May-2011 31-Mar-2011 1 220,631 79,784 58,164 58,184 24,156 772,682 41.52% 26.36% 7.53% 406,675 54.25 41.71 14.31 11.00 6.02 4.57 1.9000 1.46   1.82%   10.57% 31-Mar-2011 1.88 3.47 13.14 0.99 7.61% 3.20% 23-May-2011 1.96 3.61 13.70 1.03 7.30% 3.07%
31-Dec-2010 23-Feb-2011 31-Dec-2010 4 259,177 78,910 57,142 57,142 24,156 746,606 42.27% 22.05% 7.65% 401,401 64.57 48.99 14.24 10.80 6.02 4.57 1.8600 1.41   2.83%   7.74% 30-Dec-2010 1.70 2.63 11.94 0.91 8.37% 3.54% 23-Feb-2011 2.12 3.28 14.89 1.14 6.71% 2.84%
31-Dec-2010 23-Nov-2010 30-Sep-2010 3 261,787 75,336 55,571 55,571 6,013 737,685 10.82% 21.23% 7.53% 400,916 65.30 49.49 13.86 10.50 1.50 1.14 1.8400 1.39   4.45%   0.68% 30-Sep-2010 1.73 2.65 12.48 0.94 8.01% 0.87% 23-Nov-2010 1.77 2.71 12.77 0.96 7.83% 0.85%
31-Dec-2010 26-Aug-2010 30-Jun-2010 2 291,603 75,014 53,201 53,201 0 735,632 - % 18.24% 7.23% 399,800 72.94 55.12 13.31 10.06 0.00 0.00 1.8400 1.39   1.10%   -16.86% 30-Jun-2010 1.60 2.19 12.02 0.87 8.32% 0.00% 26-Aug-2010 1.70 2.33 12.78 0.92 7.83% 0.00%
31-Dec-2010 28-Apr-2010 31-Mar-2010 1 300,507 72,900 52,620 52,620 0 717,908 - % 17.51% 7.33% 398,837 75.35 56.81 13.19 9.95 0.00 0.00 1.8000 1.36   -0.79%   -30.13% 31-Mar-2010 1.56 2.07 11.82 0.87 8.46% 0.00% 28-Apr-2010 1.76 2.34 13.34 0.98 7.50% 0.00%
31-Dec-2009 23-Feb-2010 31-Dec-2009 4 269,627 72,438 53,037 53,037 0 697,642 - % 19.67% 7.60% 394,148 68.41 50.97 13.46 10.03 0.00 0.00 1.7700 1.32   -3.91%   -38.92% 31-Dec-2009 1.53 2.24 11.37 0.86 8.79% 0.00% 23-Feb-2010 1.69 2.47 12.56 0.95 7.96% 0.00%
31-Dec-2009 23-Nov-2009 30-Sep-2009 3 256,140 74,305 55,195 55,195 0 658,019 - % 21.55% 8.39% 376,011 68.12 48.42 14.68 10.43 0.00 0.00 1.7500 1.24   -13.75%   -43.23% 30-Sep-2009 1.90 2.79 12.94 1.09 7.73% 0.00% 23-Nov-2009 1.67 2.45 11.38 0.95 8.79% 0.00%
31-Dec-2009 25-Aug-2009 30-Jun-2009 2 251,318 86,919 63,992 63,992 0 641,291 - % 25.46% 9.98% 375,024 67.01 47.51 17.06 12.10 0.00 0.00 1.7100 1.21   -15.03%   -34.68% 30-Jun-2009 1.74 2.60 10.20 1.02 9.81% 0.00% 25-Aug-2009 1.95 2.91 11.43 1.14 8.75% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


Analyze this stock with MQ Trader system
  4 people like this.
 
apolloang all manipulation.....bursa mata buta no query?
23/08/2018 3:22 PM
apolloang I am faster to know than sleeping bursa officials.....susupend this counter now
23/08/2018 3:23 PM
apolloang suspend and probe mata buta bursa
23/08/2018 3:23 PM
apolloang property stock can limit up also,who say property stocks cannot? all is only manipulation no fundamentals at all this bursa
23/08/2018 3:25 PM
Lim Tek Wai Price will gap up this morning, good luck to all and enjoy the rollercoaster.... hehe
27/08/2018 10:37 AM
Muarmali here got super tukang goreng. lai lai lai... :)))
29/08/2018 8:37 AM
Jasper Coo Waiting for dividen soon. This time can cover back some capital loss. Not bad.
29/08/2018 10:50 AM
Lim Tek Wai Good job ! keep rising....
29/08/2018 11:15 AM
Alfonso What happened to this lanfahang counter?
22/09/2018 9:03 AM
Alfonso deng, up lar woi!
19/10/2018 9:35 AM
anticonman Yu Kuan Chon disposed bec margin call?
06/11/2018 6:33 AM
Alfonso What is this Yu's family doing?? ADUIHAI!
14/11/2018 9:12 AM
saufi74 what happen to this stock??? dropping like niagara fall..
14/11/2018 11:32 AM
TYS_Capital negative info spreading, net loss in next quarter.
14/11/2018 4:04 PM
TYS_Capital all cabut including major shareholders
14/11/2018 4:05 PM
TYS_Capital vindex analysis, fair value 0.70. gg liao
14/11/2018 4:09 PM
TYS_Capital bought in testing water, haha.
14/11/2018 4:39 PM
TYS_Capital bet for the next quarter got surprise. then I hust gaogao.haha
14/11/2018 4:39 PM
14/11/2018 4:40 PM
Syndicates huat ah everyone here
14/11/2018 5:08 PM
Syndicates cornered stock dont be afraid. big holder dont want let the price down so low.
14/11/2018 5:09 PM
DoctorKnow Oversold already
15/11/2018 8:06 AM
Syndicates huat ah market panic we still make money
15/11/2018 12:06 PM
TYS_Capital haha, 见好就收。well done dudes
15/11/2018 12:18 PM
TYS_Capital Q sell more than Q buy, show coming after lunch break?
15/11/2018 12:32 PM
Alfonso Dont playplay with this Yu's families
20/11/2018 4:23 PM
commonsense The company property development is mainly focus in the Klang Valley area. Some of the projects that they currently developing are the mix development Kiara 163 with GDV of RM1bil (target completion 2020), Sfera Residensi in Puchong with GDV of RM426mil (target completion end of this year) and Menara YNH near the Golden Triangle area with GDV of RM2.1bil.

But the value in investing in the company lies in it vast land banks around the Klang Valley and Perak areas with most of them yet to be revalue since early 2000. It is safe to say that the NTA of RM1.74 per share recorded in Sept 18 is actually much higher ( most probably around RM3.00). As an example they have a 90 acre land near Genting that they had acquire in 2008. In their books the land is only valued at RM17.8mil but the company is planing for a mix development project with a GDV of RM2bil. At the current share price the company is only trading at 0.8x PB (if revaluation is done potentially this drops to only 0.5x PB). However, the unlocking of the asset value might take some time. Investors need to have a longer term investment horizon for this type of stock.

In the near term, the company currently facing falling revenue and profit which is in line with the general property industry.

Core PBT for 3Q18 would have only been RM4.8mil (instead of the reported RM13.8mil) if we were to exclude the RM3.4 mil gain in disposal and the RM5.6mil write back. For 9m18 property development division actually recorded a growth of 27% in revenue but this does not translate to higher profit. EBITDA and PBT for the same period has fallen by 10% and 15% respectively.

But the bigger issue lies on its balance sheet. The company is overly dependent on debt to fund their operations. As of Sept 18 the current liabilities of RM925mil (of which RM635mil is debt) is higher than the current asset of RM621mil ( of which only RM14mil is cash). The company might faces liquidity issue in the near future unless they can sell more of its assets to raise the cash to help settle their immediate obligation. Their cash flow statement in 3Q18 did not provide details but since there was a gain on disposal, they might have already started to sell some of the assets already.

The dependence on debt might also effect their future profit margin given the expected higher interest rate trend . 9m18 interest cost is RM29mil or 54% of EBIT.

Hopefully management can provide more clarification on how they plan to strengthen their balance sheet position. As mentioned before, given the landbank that they have at the moment (the list of properties under the company has 11 pages in FY17 annual report), the company has immense potential to create more value to the shareholder either by selling the land or developing it in the future.

If you are looking to diversify your portfolio outside of the property industry (due to the current negative sentiment), 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 5.8x 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 launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Good luck.
16/12/2018 10:40 AM
newauction If you study the buying pattern of this share, you will know that the volumes are actually created by the company. The support level is well- controlled @ 1.23. How it is played? The company buy and sell at volume > 1000 lots to create fake banker buying everyday. Beware of this manipulated share, they are creating misleading data.
25/02/2019 5:24 PM
Alfonso YNH ah YNH, why u do such embarrassing things but not feel embarrassed about it???
26/02/2019 9:14 AM
Alfonso no trading volumn kaki main kaki song
08/03/2019 10:59 AM
dompeilee Medical doctor who thought he was so rich he could take on Quek LC of Hong Leong...now paying the price of his folly
21/03/2019 5:57 PM
Sami_Value crazy fellow who buy & sell himself, sendiri main , sendiri shiok. If see this kind of management, just show them the middle finger.
09/04/2019 12:02 PM
Alfonso kaki main kasi song, this is not acceptable man!
09/04/2019 4:17 PM
apolloang company whole year make 1 mil profit but market cap is worth over 800 mil.....apa ini? tipukah
17/04/2019 5:19 PM
Alfonso kaki main kasi song again, non stop rolling rolling money!
26/04/2019 11:16 AM
Sami_Value the owner spend more time frying keow teow then managing business

both abang adik same same, one fry YNH, another one fry Rapid

sell !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
12/05/2019 5:31 PM
xterrorsinx YNH getting in Claims for their K163 project and Sfera Residency over RM 100 million. their K163 mall is operating with RM 4m/month cash flows. Now launching another project in Mont Kiara as well so they are moving with momentum!
13/05/2019 5:42 PM
apolloang property boom ar? this property stock hit new high.apa ini? manipulation kah?
22/05/2019 10:13 AM
valuehunt I visited their k163 mall recently. Managed to find out that the gross rental around RM 4m/month and nett electricity cost is only 150k/month. This electricity cost is much less than typical RM 400k/month for this size because the use open air concept in the mall where the air is naturally ventilated.

If they have say nett income of RM 3m/month x 12 = RM 36m/year, then their cash flows will be under much less pressure. Eg. The interest of RM 44m/year For 2018 will not be a problem.

Moreover new projects completions like Sfera Residency and K163 Sovo are generating income.

I heard that their OOAK also 97% sold and not yet built. http://ynhb.com.my/the-ooak

I think the future is bright because sales for OOAK around RM 200m would have been locked in. They have plenty of land in Mont Kiara (including 1 near Martrade centre).
22/05/2019 12:46 PM
johnpaulgoh Their land along Jalan Sultan Ismail and Genting Highlands are worth a lot of money. Genting Highlands land Book value only RM 17m. Ion Delemen Genting sold out their project (and their land is further away). I believe it won't be too generous to value their 93 Acres Genting land at RM 400m.

Menara YNH: Average land price: RM 3,000psf in the area. 3 acres = 130,680 sq ft = RM 392,040,000. Their book value is RM 100 million only!!
1.2

Based on these 2 land their nett valuation should increase by RM 675 million or RM 1.27 + 1.818 (Net Asset) = RM 3.088

They still have a lot of land not revalued.. Check their 7 pages long properties in annual report.
22/05/2019 12:57 PM
xterrorsinx ^ Agree John. YNH is so deeply undervalued and we got to appreciate that the management is doing something to improve the operation.
22/05/2019 3:08 PM
Enemiemannan 有价无市啊..things always look good on paper..
30/05/2019 11:33 AM
zhangliang Something is up
07/06/2019 3:12 PM
geraldt9 Signal of a gradual nose dive ...?
11/06/2019 7:29 PM
maizack wow!!! from rm 1.18 ( 9 apr 2019 ) to rm 2.38 ( 25 june 2019 ). rm 1.20 price up. what's going on?
25/06/2019 6:14 PM
xterrorsinx This counter is genius! Sentiment getting better each day
25/06/2019 8:33 PM
goldenhope why go up so much?
13/07/2019 12:32 AM
desmondcsh Stock of the year? Kuat. Itu boss kasih lu semua huat. Lu pun tolong dia sikit sikit lahhh.
13/07/2019 1:10 AM
xterrorsinx Gogogo Worth RM 3.
21/07/2019 11:22 AM
Sami_Value Dr Yu the new char kuey tew king.
02/08/2019 1:02 PM