Posted by geary > 2023-06-26 19:37 | Report Abuse

Value Investing Must start at younger age group!?
For Traders, there’s no data like more data”.
Don’t ask why. There are so many variables to explain an outcome, and most traders underestimate the vast variables that influence asset prices.
No one really knows why. Thus, it doesn’t make sense to ask “why”.
Traders must diversify extremely more, plus the winning ratio is marginally Low!?
Reward will be fast, if u are Right !?
N losses can be Huge, if u are Wrong!?
Plus heavy Financial Leverage obligation!?

Posted by geary > 2023-06-26 20:23 | Report Abuse

pang72
Touch kenanga Tp2.50 the time to buy
Wait first
How they know, any Huge Data to support their Target!?
What's the Z Score, Hidden Bullish/Bearish Divergence!?
Any intuition from Heaven/Hell!?

Posted by KClow > 2023-06-27 09:11 | Report Abuse

A stock like hapseng means game over.
Go see last 6 months fall how much n 12 months fall how much.
If it was good. Sure got strong support but nothing like water fall..
There must be something we not seeing...but someone has seen

Posted by KClow > 2023-06-27 09:13 | Report Abuse

In feb 7.40
Now 3.12
Suspicious???

Posted by KClow > 2023-06-27 09:14 | Report Abuse

Range 8 to10 for years
Now 3.12 in 4 months
Suspicious?

Posted by Medusa > 2023-06-27 10:47 | Report Abuse

Collecting again

Follow Medusa earn

Follow other Holland coming

Kikiki…

Posted by underthebigtree > 2023-06-27 10:54 | Report Abuse

Look like RM3. 11 NTA is turning point for hapseng.. Short term charting show positive signal..

Posted by RWG > 2023-06-27 10:57 | Report Abuse

looks like rebound

Posted by tnang > 2023-06-27 11:23 | Report Abuse

reverse trend start form

Posted by tnang > 2023-06-27 11:23 | Report Abuse

time to buy for good rebound.

Posted by NatsukoMishima > 2023-06-27 12:00 | Report Abuse

This is last breath pump n dump bro , see who is the last hero hold the falling knife !

Posted by Nepo > 2023-06-27 15:56 | Report Abuse

trap

Posted by tnang > 2023-06-27 16:01 | Report Abuse

3.29

Posted by James_Bond > 2023-06-27 16:06 | Report Abuse

Go go go HapSeng! Haha…

Posted by James_Bond > 2023-06-27 16:07 | Report Abuse

Huat Huat Huat! Cheers.

Posted by hornbill > 2023-06-27 16:50 | Report Abuse

share buy back.

Posted by prudentinvestor > 2023-06-27 16:52 | Report Abuse

Worst likely over for Hap Seng. Hurrah!

Posted by hhhiii123 > 2023-06-27 17:01 | Report Abuse

Dun think Q3 report can be strong as EV sale only start Q3, unless there is big announcement coming soon?

Posted by NatsukoMishima > 2023-06-27 23:12 | Report Abuse

Thanks for holding the falling knife !

Posted by KClow > 2023-06-28 10:54 | Report Abuse

Watch out window dressing followed by window undressing...😁

Posted by prudentinvestor > 2023-06-28 14:59 | Report Abuse

"Thanks for holding the falling knife !"
Who knows, the falling knives could be made of gold now. Those who catch the falling knives could be laughing all the way to the banks later on.

Posted by Go lucky Happy > 2023-06-28 19:16 | Report Abuse

@prudentinvestor, agree with you. Let them say whatever they want.

Posted by trader808 > 2023-06-28 21:57 | Report Abuse

1.Perhaps you have already known, yet there is no harm to reiterate again amid spectacular collapse in HS to boost investors' confidence.

2. In a related party transaction HS has disposed off HCMCL a credit leasing company to its major shareholder Tan Sri. This disposal transaction has been completed and it will be captured in the accounts and be reported in the next quarter result announcement.

3.The HSMCL is sold for Rm837m cash and the company will record a disposal gain of Rm563.7m
4. This transaction will contribute 567.3m / 2489m = 22.6sen to the earning per share in the coming quarter announcement.

5. The result will provide some temporary relief to the battered share price and momentarily avert the counter from another dizzying collapse. Is this resilient and sustainable, we honestly do not know.

6. The proceed has been earmarked and utilized to repay 650m in bank loan,100m for fertilizers, 50m in the automobile business and 36.4m in trading and services business segment and nothing for special dividend.

7. There is no doubts that HS is expected to report exceptionally huge profit in the coming quarter but the market is understandable least interested.

8. One off disposal gain does not have any meaningful bearing on share price.The fact that the proceed has been earmarked for loan repayment depicts some degree of deficiency in cash flow and working capital requirement.

9. The greatest and most effective catalyst that drive up share price is earning from core business operation in which HS is currently seriously lacking.

10. Hence, until HS reports meaningful earnings from operation, the rise in share price is not sustainable.
11. Therefore, manage your trading to take advantage of the current short term situation until its next profit announcement. Perhaps it is not unwise to sell on strength and profit from it.

12. This is a short term trading idea for those with risk appetite and find joy and excitement in roller coaster ride to light up their life.

Happy trading
28/6/23

Posted by prudentinvestor > 2023-06-29 16:18 | Report Abuse

Average EPS over the past 8 years was almost 40 sen and average DPS was 31.25 sen. Just don't see its earnings this year would suddenly plunge to well below 30 sen a share. It still earned 30 sen a share in 2020, considered a very bad year.

Posted by KClow > 2023-06-30 12:49 | Report Abuse

Hindsight

Posted by geary > 2023-06-30 16:18 | Report Abuse

KClow
Hindsight.
Foresight! Q@2.88.

Posted by trader808 > 2023-06-30 16:19 | Report Abuse

1.Unlike driving a Porsche one needs to continually use the rear mirror as a guide, whereas equity investment is about valuation base on future earnings and earning growth.
2.Historical performance has no bearing on the share price.Hence, it is realistically foolish to use past profit and robust performance of EPS to instill and serve as a bullish indicator.

3.It is unwittingly reckless to engage in self denial and constantly entertain the self imposed hypothesis that despite the serious reduction in profit and asset disposal to raise fund for loan repayment, there is nothing wrong with the company simply because in the past it has done very well.

4. we believe it does not work this way.
Be enlightened and trade cautiously
30/6/23

Posted by KClow > 2023-06-30 16:52 | Report Abuse

Window undressing

Posted by KClow > 2023-06-30 16:53 | Report Abuse

waterfall chart..new for the books.

Posted by KClow > 2023-06-30 16:59 | Report Abuse

Up seng to down seng lol

Posted by NatsukoMishima > 2023-06-30 22:31 | Report Abuse

Laughing to the bank or the bank laughing at u ??

Posted by DividendGuy67 > 2023-07-01 10:14 | Report Abuse

Patience. For those who know Technical Analysis using Price and RSI and understand hidden bearish and hidden bullish divergences, turn on to Monthly Candlesticks. There was strong signal to exit in Feb 2020 after years near RM10. The next month, in Mar 2020, there was strong bullish divergence for the last quick pop up in June 3 months later. Now we wait for typically a few months to see if the charts show a hidden bullish divergence. When its clear, it will be time to load up. But not yet. Patience and be willing to wait for a few months.

Posted by KClow > 2023-07-01 17:19 | Report Abuse

Hapseng=topglove2.0

Posted by hhhiii123 > 2023-07-01 22:03 | Report Abuse

indonesia GDP in 2022 is USD 1.3trillion, while msia is only USD 400billion, msia confirmed to benefit from moving of Indonesia Capital lol. Meanwhile, it show how terrible is our economic lol because Singapore GDP 466billion, while msia population is 6times more than Singapore lol

Posted by geary > 2023-07-02 11:04 | Report Abuse

Return on Equity!?
Hap Seng Consolidated Berhad's ROE doesn't look that attractive. Although a closer study shows that the company's ROE is higher than the industry average of #7% which we definitely can't overlook. But then again, seeing that Hap Seng Consolidated Berhad's net income shrunk at a rate of 3.5% in the past five years, makes us think again. Bear in mind, the company does have a slightly low ROE. It is just that the industry ROE is lower. Hence, this goes some way in explaining the shrinking earnings.
Plus dividend payout was very high at #80%, n retained only #20%.
So its earnings growth seems to decline!?
However, when we compared Hap Seng Consolidated Berhad's growth with the industry we found that while the company's earnings have been shrinking, the industry has seen an earnings growth of #12% in the same period.
This is quite worrisome.
Forward earnings of EV car dealerships with Proton, n hotel recurring earnings, will be around year 2024 onwards!?

Posted by dompeilee > 2023-07-03 08:02 | Report Abuse

KLIA corruption is just the tip of the iceberg. The other foreign currencies like US$,HK$,S$ & GBP are already too expensive compared to years past so I'm fortunate to have a stock of all of these. Will be loading up on the ¥ if it drops further to 32 or above to further diversify out of a corruption-ridden currency.

Posted by Go lucky Happy > 2023-07-03 15:04 | Report Abuse

CPO price is hiking up again.

Posted by prudentinvestor > 2023-07-04 10:19 | Report Abuse

"Laughing to the bank or the bank laughing at u ??"
I am laughing at your ignorance. You are negative just about everything.

Posted by NatsukoMishima > 2023-07-05 12:02 | Report Abuse

Dead cat bounce is a sign to collapse in deep sea ! U will regret not cut loss !

Posted by NatsukoMishima > 2023-07-05 12:02 | Report Abuse

High rate era coming !

Posted by NatsukoMishima > 2023-07-05 12:04 | Report Abuse

7 billion debt will drag them to holland coming few years !

Posted by prudentinvestor > 2023-07-05 15:21 | Report Abuse

"High rate era coming !"
FED would start to ease interest rates starting next year, all other countries would follow.

Posted by prudentinvestor > 2023-07-05 15:33 | Report Abuse

Hap Seng is a well diversified company with interests in plantation, property, credit finances, automotive, trading and building materials. Its earnings for the past 8 years were quite impressive with an average EPS of almost 40 sen. Average dividend payout was 31.25 sen a share. Such kind of company won't collapse so easily.

Posted by geary > 2023-07-05 21:44 | Report Abuse

"High rate era coming !"
FED would start to ease interest rates starting next year, all other countries would follow.
Hap Seng is a well diversified company with interests in plantation, property, credit finances, automotive, trading and building materials. Its earnings for the past 8 years were quite impressive with an average EPS of almost 40 sen. Average dividend payout was 31.25 sen a share. Such kind of company won't collapse so easily.
Actually its Financial Leverage isn't high, just above average.
More on asset class, it's normal to have higher leverage above 1.5/2.0.
Plus higher net margin n asset turnover, but at present unfortunately it's not good enough.
That's why they sold their overseas credit division, n par down total debt. Increase working capital.
Present high interest rates, is really bad for many businesses, that need higher leverage, or borrowing.
Usually for asset class companies, that can earn higher asset turnover.
Quite an efficient management!?

Posted by bingoman > 2023-07-06 14:11 | Report Abuse

last month come here see james bond fight shortie at rm 4.5, today sudah jadi rm 3.2, where the royale fund manager

Posted by Medusa > 2023-07-08 12:44 | Report Abuse

Top up again

Follow Medusa profit coming

Kikiki…

Posted by speakup > 2023-07-08 15:46 | Report Abuse

Hap Seng net debt where got rm7bil? it's only about rm4.5bil

Posted by trader808 > 2023-07-08 22:13 | Report Abuse

1.HS has 1.8b money market deposit and 1.1b cash and bank balance. Therefore the total cash balance is 2.9b

2. It has long term borrowing of 4.67b and short term borrowing of 2.54b. Hence, the total borrowing for HS is astronomically high at 7.21b.
The net debt 7.21b minus 2.9b is 4.3b

3. A more critical approach to evaluate the strength and weakness, safety and risk of a company is to calculate the gearing ratio. Gearing is a measurement that indicates to what extent is the company's financial leverage are funded by shareholders' funds versus creditors' fund. The higher the gearing the greater the risk.
4. HS has total shareholders' equity of 9.06b

5 Gearing is total debts divided by total equity. That is 7.2b divided by 9.06b. The gearing for HS is horrendously high at 79.5%. That means close to 80% of HS business are funded by creditors' fund. That is scary. It goes to show that the company has been spending money indiscriminately,freely and frivolously like a drunken sailor.

6. The share price of HS has fallen from almost Rm10 in its prime to Rm3.2 currently and erased market capital of 2.489b shares x (-6.8) -Rm16.9b. The number is incredibly huge and crazy, yet it is true.

7. The high gearing of 79.5% is fatal and it has consequences. Morgan Stanley MSCI has excluded HS from its regional index, Fund managers adjusted its portfolio and engaged in a programmed sell off of huge quantity in June to ease long term severe financial pain.
8. Rm3.20 may not be sustainable. So, what are you going to do Monday. Are you still monitoring and watching with folded arms without lifting a finger?.
Think about it
8/7/23

Posted by prudentinvestor > 2023-07-10 12:08 | Report Abuse

After dropping to RM3.03 on the 19 June, its lowest level in over 9 years, it has staged a modest recovery. I am quite confident that its downtrend has ended.

Posted by NatsukoMishima > 2023-07-10 12:13 | Report Abuse

Congrats above , u are in the trap !