Ooo this stock was flagged at 7.32 on absolutelystocks.com two wks ago...am trying a 1 month free trial...looks ok so far wor. Hopefully can break 8 by month end!
Now is the reality time for Hapseng with 50% falls in quarter earnings. We all see it coming, property arm has been the main pillar amongst all divisions that carry bulk of the earnings growth, but the growth story stops long ago. No one see that because EPS have been buffered by HS selling so many assets that contribute 40% of the operating profits.
Now there aren't any more assets to be disposed. And with debt ballooning by 2 bil. Good luck hitting $8
In a separate filing, Hap Seng said it has entered into another SSA with Gek Poh (Holdings) Sdn Bhd for the acquisition of the entire equity interest in Malaysian Mosaics Sdn Bhd, which manufactures a wide range of porcelain and ceramic tiles for walls and floors of residential and commercial properties, for RM380 million.
Under the deal, Hap Seng has secured a profit guarantee from Gek Poh that Malaysian Mosaics' audited consolidated profit after tax shall not be less than RM30.71 million for the financial year ending Dec 31, 2016 (FY16), not less than RM40.93 million for FY17, not less than RM53.9 million for FY18, not less than RM67.52 million for FY19, and not less than RM81.97 million for FY20.
When profit guarantee is mentioned, there is only one possibility. MML has been awarded major contract to supply tiles. The joint venture with TTDI & Hapseng Land projects should be the main reason. The least likely possibility is MRT2
Sin Chew Jit Poh today mentioned about the sudden drop of Hapseng was because of investors worried about the exercise of 84,000.00 units of Hapseng warrants will come into the market this Friday... Just imagine that initially you must have 420,000.00 of Hapseng shares then you could be entitled for 84,000.00 units of Hapseng-warrants because it was 1 for 5. So this 84,000 units of Hapseng warrants is definitely from the Hapseng boss themselves.
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....
haikeyila
1,068 posts
Posted by haikeyila > 2016-01-29 10:49 | Report Abuse
time for another visit to hapseng star? that GLE coupe certainly looks awesome, lol. Nah...think ill keep it - the divvies alone are such a turn on!