Posted by Medusa > 2023-06-01 23:08 | Report Abuse

Wow drop lagi. Not yet enter.

Waiting 3 enter sikit

Kikiki…

Posted by 1invest1 > 2023-06-01 23:18 | Report Abuse

@trader808,
You know your stuff very well.

Posted by NatsukoMishima > 2023-06-02 02:29 | Report Abuse

Who catch falling knife

Posted by dompeilee > 2023-06-02 07:27 | Report Abuse

Hongkie fund Lei shing hong must be margin calling like mad lol

Posted by Qwertyuiop > 2023-06-02 09:28 | Report Abuse

Yaya business all no good, close it don’t need to do, use the money all in AI. That’s the future. Plantation is a cyclical business, when share price is right, just buy and hold la, it is hapseng, diversified conglomerate. not penny stock. Property in the long term it will back to uptrend. So chill

Posted by furball > 2023-06-02 09:50 | Report Abuse

Looking at the financial statement, reduction in profit due to revenue decline are all explained and analysts are focused on this … but no explanation can be found for the substantial increase in expenses/cost of sales. Honest mistake or diversion… are they hiding something?

Posted by skyu > 2023-06-02 11:48 | Report Abuse

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

Posted by skyu > 2023-06-02 14:25 | Report Abuse

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.

Posted by sunnyguy > 2023-06-02 16:33 | Report Abuse

After Hapseng dispose the HS Credit (Manchester), HAPSENG still got its leasing business in Malaysia.

The profit from HS Credit (Manchester) for 2022 is about RM5mil, whereby the total operating profit from its leasing unit for 2022 is RM194.5 mil.

Info from AR 2022 page 25

Posted by Qwertyuiop > 2023-06-02 20:24 | Report Abuse

@trader808, when you barked that you've done a well study on the disposal. Conglomerate without credit financing business? Here you go take your time to read:-

HCML was incorporated in 2018 but has only commenced its operations in 2022 and generated
a profit of GBP986,000 (equivalent to RM5.27 million(1)) for the FYE 31 December 2022. Upon
completion of the Proposed Disposal, HCML will no longer be a subsidiary of the HSCB Group
and as such, the Company would lose a source of revenue and potential profit contribution from
HCML in the future. Notwithstanding, the potential loss of income from HCML is minimal
compared to the expected gain from the Proposed Disposal.
HSCB intends to utilise the Sale Consideration in the manner set out in Section 4 of this
Announcement. For illustrative purposes, assuming interest savings at a rate of 4.5% and
based on utilisation of proceeds where RM650 million of the proceeds will be utilised for part
repayment of HSCB Group’s existing borrowings, the potential interest savings will be
approximately RM29.25 million, which is higher as compared to the current year PAT of HCML
of GBP986,000 (equivalent to RM5.27 million(1)
).
HSCB is of the view that the Proposed Disposal will not result in any material adverse impact
on HSCB Group’s financial performance going forward.

Posted by prudentinvestor > 2023-06-02 20:50 | Report Abuse

Don't write off Hap Seng yet, it is still a sound counter. Its average EPS for the past 10 years was 39 sen and average dividend per share was 30 sen. Not more than 10% of counters listed on Bursa Malaysia can pay such a high dividend.

Posted by newbie5354_ > 2023-06-03 09:52 | Report Abuse

If it is so good as many commented here why insiders not buying more? Is it worse yet to come?

Posted by newbie5354_ > 2023-06-03 09:54 | Report Abuse

Hap Seng Consolidated Slips 67.52% in 1Q Earnings, why is so call good?

Posted by skyu > 2023-06-03 13:22 | Report Abuse

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.

Posted by BenPg > 2023-06-03 15:05 | Report Abuse

Anyway is oversold and selling pressure has stopped. A possible technical rebound soon.

Posted by DividendGuy67 > 2023-06-05 11:09 | Report Abuse

This stock price lost 50% in just 4 month ... daily candlesticks show selling pressure paused, but weekly candles still showing downtrend. The patient investor can take his time to accumulate slowly, split his buys into several buckets that accumulates. Notwitstanding, the first question is - is this a stock to invest in long term? How can market be so inefficient, to price this stock above RM7.50 since 2016 i.e. nearly 7 years and now suddenly collapsed? What has changed over that 7-8 year period?

Posted by DividendGuy67 > 2023-06-05 12:19 | Report Abuse

Q1/23 earnings was bad (2.04 sen vs 6.28/4.85/6.44/6.35 sen the prior 4 years Q1) - it's the worst Q1 in past 8 years. Guess market is spooked, because historically, HAPSENG dividend payout ratio is around 80% or so and if earnings dropped so much, then, there's fear dividends will follow.
Normally, 1 quarter movement shouldn't spook investors so much though.

Posted by DividendGuy67 > 2023-06-05 12:33 | Report Abuse

According to the performance review, the lower earnings are due to 1. Lower Plantation contribution, 2. Lower Property contribution, 3. Lower Credit Financing contribution. Plantatiion lower due to lower average selling price, higher production costs, loss of biological assets vs gain prior year. Property lower, due to no one-off land sale gain the prior year and less completed units sold this year. 3. Lower credit financing due to cautious lending from higher interest rates. It seems the overall picture painted by Management - my interpretation - is that last year may be better than normal year and this year may be worse than normal year.

Posted by DividendGuy67 > 2023-06-05 14:04 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3359643. Sale of HCML completed. Expect profit = 2x Book of 51m UKP ~ 102m UKP ~ MYR580 million ~ 23 sen. To support this year's dividend of 30 sen, Hap Seng have to earn say 38 sen (to maintain similar payout ratios), i.e. to date has done 25 sen and need another 13 sen for next 2-3 quarters. Should be doable. However, given the poor earnings in Q1, I suspect management and Board will cut dividends by 5 sen or more, if they commit to reduce borrowings by 650 million as stated in their proposal. In fact, very little is available to support dividends (even if they could) and looks like market is thinking that instead of supporting dividends, Board and management intends to reduce borrowings and so, very likely, we will see a hefty dividend cut. Possible that the dividend this year will be the lowest ever if they don't borrow to pay dividends and if earnings remain poor the next 3 quarters. Their lowest dividend was 25 sen and if they don't borrow, earning only 2 sen in Q1, they have huge ground to barely support 20 sen.

Posted by DividendGuy67 > 2023-06-05 14:07 | Report Abuse

The trouble with selling assets to realize gains today, is that after sale, no more future profits. In this sense, Hap Seng will be different now. But fortunately, Hap Seng is a large conglomerate with diversified businesses, so, sale of one piece probably won't be missed too much in the future. But the rest of its business need to hold / improve and that is a big question mark for the market right now.

Posted by DividendGuy67 > 2023-06-05 14:10 | Report Abuse

On the other hand, Hap Seng do have nice cash and short term deposits to support the dividend, so, maybe market over-reacted?

Posted by skyu > 2023-06-05 14:19 | Report Abuse

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.

Posted by skyu > 2023-06-05 14:21 | Report Abuse

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

Posted by sunnyguy > 2023-06-05 16:56 | Report Abuse

@skyu: the minimum allowable public spread for a company with market capital above rm3bil is 15%

Posted by sunnyguy > 2023-06-05 16:57 | Report Abuse

https://www.bursamalaysia.com/sites/5bb54be15f36ca0af339077a/content_entry5ce3b50239fba2627b2864be/5ce3bd385b711a132fe4f9a2/files/ACE_GN13_PublicSpread__1March2021_.pdf?1640942612

Posted by skyu > 2023-06-06 09:12 | Report Abuse

Maybe selling continue

Posted by Qwertyuiop > 2023-06-06 09:22 | Report Abuse

yaya sell to me, continue to buy

Posted by kokchengkai > 2023-06-06 09:25 | Report Abuse

JJPTR while u still counting A to Z .. i oledi take profit lor... fast money , more than enuf a ticket fly to Bangkok holiday .

Posted by stoneage > 2023-06-06 13:35 | Report Abuse

last week buy 10 lot at RM 3.95, today already lost RM 500, should I buy more or cut lose?

Posted by beluga > 2023-06-06 15:12 | Report Abuse

maybe it's safer to buy at or below its net asset value of 3.11

Posted by skyu > 2023-06-06 19:17 | Report Abuse

Another bad day movement

Posted by speakup > 2023-06-06 19:50 | Report Abuse

Everyday down down down a few cents, isn't it better to just double limit down and get it over with?

Posted by skyu > 2023-06-06 19:53 | Report Abuse

Maybe the other person said 0.70 to rm1 come true

Posted by StartOfTheBull > 2023-06-06 21:12 | Report Abuse

Market is so bad no one can escape.

Posted by trader808 > 2023-06-06 23:04 | Report Abuse

1. Last Friday on 2nd of June Hap Seng closed green at 3.48 after many weeks of red and that provided some comfort and reprieve to distressed investors. Just as we thought a trend reversal is imminent, we are again confronted with a rude and shocking surprise with heartache

2. Today, HS resumed its downwards momentum and closed at 339 down 9 sen and 16 sen off its intra day high of 355

3.Die hard fans of Hap Seng must understand that a single instance of a green candlestick does not indicate a trend. And truly, one swallow does not make a summer.

4. HS continues to face challenges and struggling hard to find its bottom and clearly, no one knows how much more it will fall.

5. On 2/2/23 HS had its 1st day reversal and closed with a long red bar after a mini bull run.Three weeks later on 20/3 it established a death cross in which the 9 day MA crossed over the 26 day MA lines from above to below. The gap between the MA lines widen and daily prices continue to weaken and consistently falling and trending below the 9 day and 26 day moving averages lines.
6. A death cross is a bearish pattern and it is a signal for more chaos to come. This happened on 31/5 when the Fund re balance it portfolio and HS faced a phenomenal collapse and a catastrophic falls in share price with volumn and volatility.

6. The RSI relative strength index is at 15.8. The counter is in the over sold position. The bears are active and there is no sign of retreat. This morning the share price advance somewhat and subsequently, resume its downwards momentum and continue to weaken and fall.
7. Technically, HS is in a long term down trend with no sign of bottoming. The RSI and the death cross and the widening of the gap between the moving average lines all point towards a gloomy and extremely bearish position.
The bottom has yet to be found.

8. In the coming days,the bears could make further advances and conquer new territory in the south more optimistically on dividend ex date and thereafter.

9. It is not looking good. Three three nine may not be sustainable. Trade cautiously.

Happy trading
6/6/23

Posted by skyu > 2023-06-06 23:10 | Report Abuse

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

Posted by NatsukoMishima > 2023-06-06 23:21 | Report Abuse

1.50 - 1.80 is the bottom if USA rate stop at 5.5 %

Posted by DividendGuy67 > 2023-06-07 06:06 | Report Abuse

Yesterday first entry at 3.42 filled. Nice. Looking to accumulate at lower prices. Dividend yield too tempting. Over past 8 years, lowest dividend is 25 sen. TTM dividend 30 sen. At 25 sen, dividend yield is over 7%. This conglomerate is a survivor, happy to accumulate at lower prices until it gets to around 5% of a diversified dividend portfolio. I don't believe in "all in". This company also has a decent dividend payout ratio of around 80% plus / minus ... I like companies that shares its earnings with shareholders.

Posted by skyu > 2023-06-07 08:15 | Report Abuse

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

Posted by skyu > 2023-06-07 10:16 | Report Abuse

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

Posted by fruitcake > 2023-06-07 12:00 | Report Abuse

the dust has settled

Posted by James_Bond > 2023-06-07 12:14 | Report Abuse

Let’s see… in collecting mode… if sharks dump, I dump… cheers!

Posted by skyu > 2023-06-07 12:16 | Report Abuse

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

Posted by qcmboy > 2023-06-07 14:48 | Report Abuse

I just buy in 75% plus last week 25%. All in already. Looking forward V up.

Posted by skyu > 2023-06-07 16:30 | Report Abuse

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 .

Posted by DividendGuy67 > 2023-06-08 13:17 | Report Abuse

2nd entry @ 3.32 filled this morning. Now 2% of portfolio. Not sure if will get the chance to get to 5% of portfolio, but let's see how prices behaves in the coming weeks.

Posted by DividendGuy67 > 2023-06-08 13:19 | Report Abuse

On weekly candlesticks, the chart is still showing downtrend. A lot of times, price keeps falling.

Posted by fortunefire > 2023-06-08 13:54 | Report Abuse

tight cashflow and high gearing ratio. no growth at all.

Posted by skyu > 2023-06-08 14:28 | Report Abuse

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

Posted by skyu > 2023-06-08 14:51 | Report Abuse

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