james chong: are u talking abt the conversion days needed for the warrant to be converted to the mother share? or u are talking abt the exercise price of the warrant?
the conversion will usually take 8 to 10 working days and the exercise price of the hapseng-wa is 1.650
The result is normal but 3rd dividend in 2014 is unexpected. This brings the total dividend to 0.33 in 2014 which is around 25% dividend yield based on my average price.
Hap Seng is my largest holding for the past 4 years with average price lower than conversion price
Let understand more about Hap Seng business
Hap Seng has 7 division & all division delivered average 100 mil sales. 2014 is going to end & it's good time to do business review
Property This business made profit because of good take-up rate of its property & main beneficiary of value chain integration which reduce the costs. Menara Hap Seng 2 will contributes additional income from next year onwards beside Menara Hap Seng & Menara Citibank
Quarry No. 2 in brick business. Supplier to its own property business
Trading Supplier to its property by selling building materials at dealer price instead of retail price.The only distributor for its own tile brand, MML & other building materials from Lafarge & Masteel.
For Hap Seng Oil & Transport, it distributes bitumen, diesel and petrol from Shell & Petronas. With the latest majority stakes in Borneo Oil, the distribution right of Borneo Oil will go to Hap Seng Oil & Transport
Fertiliser I have zero passion on this business
Credit & Financing I know it's for B2B only
Plantation I don't understand this business due to lack of passion
Automotive Hap Seng Star is targeting towards niche markets with Mercedes Benz & Mitsubishi Fuso. Hap Seng has almost monopolise the sales & distribution of Mitsubishi Fuso in East Malaysia. My only concern is NAP which is still unclear
This year, I have approx. 60% gain from Jan14 to today or around 147% based on my average price. It's a good year for Hap Seng shareholders. Cheers & let us enjoy the Christmas gift from Hap Seng.
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....
samcghee
670 posts
Posted by samcghee > 2014-11-13 14:55 | Report Abuse
Hapseng Q3 result will out today. It should be good.