Hapseng Insurance , Li Shin Hong continuos buy sell (and sell buy) HS share in open market to lift its price has become rountine practice (besides share buy back). If not mistaken, LSH eat up till 4.98, while HSI is the one who sold for LSH to eat at that day. (More precise data, pls check bursa announcement, i wrote merely based on my memory. RM 5.00 off market trade, is LSH transferred to HSI. After the off market trade, company has become very inactive to interfere on HS share price liao. 31/12 closed at 4.68, market cap surpass RM 10B. Price start fall since 2015. Maybe artificial intervention on its price temporary stopped.

40 mil at off market most probably is share change hand between hapseng sister company.

Tribaleps, WOW !! Very good sharing.

http://www.thestar.com.my/Business/Business-News/2014/06/23/Hap-Seng-Consolidated-sees-126m-shares/

5.75% hapseng shares traded off market at RM 3.50

factored in land disposal gain of 0.097, 2014 eps around 0.35.
2013 eps 0.287, 2013 annual report, director said, 2014 will be better than 2013.
if eps 0.35, PE 11 = 3.85, PE 12 = 4.20
based on 60% dividend policy, 0.35 eps will give about 0.20 dps this year.
if based on DY of 5% model, share price is marching towards 4.00
if based on DY of 6% model, share price will be at 3.5x.

Projection only, dun take it serious.

no fundamental to support the price up. this counter need huge safety margin to enter

samcghee, thks for ur confidence vote. i hold hapseng and warrant for 1.5 years also.
top up warrant at 1.70 & 1.71 just now. this year eps shall break 0.30 after add in land disposal gain

BTW, any negative news on hapseng? Hapseng rise steadily non stop for more than 12 month. Major cause of course is share buy back, and deep undervalued asset. Major profit driver is property, but property outlook in general looks not so good in near to mid term. Any comments ?

wow, lets see how its price react tomorrow