Dumping begin again today

Understand and thanks the advice. Anywhere, u able to explain the Birmingham credit transaction ? Is also a related party transaction.

Hope today closing won't gap down again

Beluga, I agree, got hurt in supermax too, af6er 2 years, dispose off after hundreds of times average and sell and repeat

Dividendguy67, can u clarify, before this manchster credit disposal, thee is q Birmingham credit disposal too. Does the management put the 700 plus million so called gain into one time earning? Cause when I check, it does not reflect in the revenue, buy when see clearly, rhey did state it in the liability or loan session

Hapseng not involved in topglove business, right ?

I wish I have this ability. Cant be, everyone average down 2000 to 3000 shares also pain to me. Keep averaging down from 4.6 till now. Tough investment

I've if hold long term also might made loss

I made the entry too early at 4.60

Entering at this price, I think the risk is low, worst to worst if earning still in positive territory and maintain at around 50 plus mil, the worst case is 2.60 plus minus

If like this , all business can't be done. Manufacturing overtaken by China such as gloves, properties overhang? When property overhang and construction stop, building materials is done too. Palm oil Nedd to further compete with cheaper soy oil ? Then hapseng can liquidated

I think state election even the general election won't have much impact on hapseng. Their business all pretty much neutral, not those gambling or constructions which need connections

New low for 52 weeks making again ? Let it be, hope it won't be the next pn17 or privatisation. Like boustead

Anywhere, thr share price back to yesterday range, hope tomorrow won't create 52 weeks low again

6nl to 7 billion debt is not new anymore, was their since many years ago. But can't deny, the debt is there with a reason, they are diversifying their business too with the latest on hotel. But, hotel business is always risky, just like how impiana being sued by public bank today

Seems like selling is still strong

Up 1 day, drop 1 4 days.

Agree hihi123.

I think for the state election, genm and genting should be the one most feared. Probably the sell down is the high gearing but based on current earning, I think they how.not have any problem servicing the debt, and high gearing is not new to the company. Maybe foreign investor don't buy their massive investment in hotel business, maybe foreign investors don't buy their plan on the massive metropolis land buy plan. Or maybe the owner is on his way to privatise hapseng, but hope privatise won't happen since recently, most of the privatisation is way below the nta value.

Mswg asked the question like hap seng is only involved in properties. All questions raised are properties. It is claimed hap seng had the investment property for lease with recurrent rent worth 2 bil. Mswg asked if they have any intention to list under another reit, hap seng deny this possibility

Disposal of hanseng credit manchester will give hapseng 3.31 nett assets debt to equity from 0.79 to 0.67, eps 38 to 61

Certainly it makes me worry kowasays after witnessing the drop from 4.60 till 3.18

Commenting on the debt, anyone with good explanation ? The debt would be be partially because of the land purchase from naza ? Construction and refurbishment of 3 hotels concurrently ? 1 marrott and 2 hyatts ?

I think i3investor Maer mistake. It should be hapseng plantation. Kenanga so far is a big fan of hap seng plantation. So mistake is there. But, I thinknthe selling is not due to this mistake, possible is the genuine selling and maybe too many stories within hapseng consolidated that we don't know. Pending 1 by 1 releasing

Saw it too, but the call is buy when the target price is 2.30. It should be sell call by kenanga. They also the one doing sbl ?

Hope u are right with the hope the price will climb back up

Sell sell sell 1.60 coming soon

Reveree gear again.

So rough calculation, we came.with conclusion minus out the debt till 0 and assuming hapseng for the next few years not paying any dividend and revenue only sustain the operating expenses, this company worth only 1.60.

So, below is 3 is imminent?

V up ? Not so easy. Blackrock vanguard jp all sold off, probably they are also the one sbl the securities borrowing to further depress the price. 1 thing strange, malaysia local institution doesn't seem to be gambling in hapseng

Averaged down again at 3.29. Don't know till when can stop averaging

Foreign funds sold big, basically , less than 1 percent foreign holding

Dividendguy67, u done the hapseng study well. Hope one day your question can be answered weather hapseng worth to hold long term . As for me, no way out now, cut lost or average down again. Tomorrow ex date .

Low volume with a little price up during first half session is confusing. Maybe the dust still still in chaotic mode

Up few cents in morning session and sell down before 12.30pm. Afternoon session sell all the way down, the pattern of this hapseng

First entry at 3.4 is very good hope dont need to average till below 3

Now come for technical after your fundamental made less sense ? Too late, already buy in since 4.60. Let's see how bad this company can go or probably few quarters consecutively loss or failure to serve loan payment

Maybe the other person said 0.70 to rm1 come true

Another bad day movement

Maybe selling continue

Their public shareholding spread is another issue I think, where I can't find any info about this when the rules of 25%

But at the same time, their debt is high too. But, we not sure thr composition of their debt. This 3 years, they purchase many Langbank, but I would say prime landbank. They also paid deposit for the platinum park naza. Their auto division might be also Parton the reason their debt high as I just realised they have to purchase the bulk of cars from mercedes before selling to end user.

Hapseng manchester received the 137 mil from Lei shing hung hong Kong. Since our myr depreciated quite substantial since March, hap seng might received slightly more maybe around 30 mil myr from forex gain.

Indeed hapseng manchester does not contribute much to hap seng profit, but the disposal price is very promising makes me wonder, is lsh hong kong make sense in the deal ? This is not the first deal when last year they disposed off Birmingham credit unit, same thing happen, share price depressed, but that time the price is about rm 7, which some might think overvalued.

Plantation business is not first time going through downtime, is a cyclical business. More than 10 years ago, around 2010, cpo price was at 3k plus minus. 1 tonne of ffb we received rm 350 plus minus after deduction, we still making profit.

The only shot of business u said match your definition is the mercedes dealer. This will happen worldwide when mercedes want a bigger pie of profit. If we research further, the England dealer are receiving 5 % of every car sold and after sales service profit remain the same. Maybe hapseng auto might see big impact from this business, and probably they might able to reduce the borrowing since agency model does. Ot need them to buy the cars in bulk.

Shift in business what u imply probably also pointing to hapseng venture into hotel business when they already starting to have first hyatt centric in kk. Now, they want to gave another 2 hyatts, 1 in mont kiara and 1 in sultan ismail and another low cost marriott in kia peng. Will this make them profit ? Wait few more years and see how, but all the hotels location in klang valley are strategic.

So hap seng share price? Who knows, malaysia share market is one of the worst in South East Asia and pur market most of the time are manipulated without fundamental.

I think more than that, registered under different name like mikdavid, Bidor than, renggom , etc. Plus minus 2 to 3 %. Top 30 shareholding is 91%, less than 9 % free float. Not healthy.

Did any of u realised that one of the major shareholders in hapseng is gan boon koo ? Maybank confounder? Combined of 1% shareholding

Rm 8 or rm 7 is way above overvalued

So far, not seeing any news coverage of this hap seng drops ? Made the top volume and top value traded, should have make some headlines

Msci out, the reason it drop ? Hapseng star Manchester left to right hand and the buyer cash out for cash ? Hugh debt not just 2023. Anywhere, as usual, stock market no logic, when one want to push down , it down.

Bad day