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 ?
MATB, then u look for long term if near or mid tern are not so good. hapseng is really a very good company after holding it nearly two years. Don't forget its warrant.
Agree with samcghee... hapseng management always concern about shareholder situation. 1 thing i love hapseng is dividend always maintain 6% with latest share price. No matter what share price you buy in, you always get 6% or higher dividend. (of course it need support by strong revenue and profit)
It will help u to reduce yrs purchase margin once u continuously receive dividen. For example, I bought it at 1.5x. my purchase price now is around 1.19 after received numerous times of dividen.I will receive RM100 in this July again, my purchase margin will reduce till 1.09 liao.
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
the best counter is an ever growing dividend and constant payout, preferred 30% dividend growth per year and quarterly payout, that way you will have real money for capital reallocation
Hap Seng Consolidated Berhad CEO Datuk Edward Lee Ming Foo was awarded The BrandLaureate CEO of the Year Award 2013-2014 recently. The Hap Seng Consolidated Berhad group continues to scale new heights under the stewardship of YBhg. Datuk Edward Lee Ming Foo, the Group Managing Director. This sterling performance is cemented by the Group's achievement as the highest-profit-growth company by The Edge Billion Ringgit Club in 2013.
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.
i think it's good. most will enter now, be it for long term or this 10sen dividen. If off market trade is RM3.50, then it ensure investors the value is there and now need to wait for IB to come out with new TP. :)
Hochimama.i agree with you....i think future the share price is hard to drop to below RM3.5. But very less investment bank like to invest in hapseng. Don't know why.(maybe it is diversified company?) haha...
if you ady have shares - now is just average up. and with 10sen div. 1biji you dpt rm100 kan ? still ok la .
if you dont have shares now, looking to start now. then you evaluate yourself lo..see you long or short term player. looking at chart - from 2013 to 2014..chart is straight line up.
looking at volume for the past few weeks and days - you will notice volume small. means people holding nobody want to sell o.. with low volume still can slowly climb. good or bad i leave it your judgement. :)
bro jtoh, could be due to their share float is little in the market. it's good also, without those IB come kacau and goreng. Management is solid and doing well - we can ride on their strong fundamentals. :)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
growthinvestor
56 posts
Posted by growthinvestor > 2014-06-19 19:32 | Report Abuse
wa is better option and mother company is largest wa holder.they will protect the value of wa.