Posted by joeylee2013 > 2013-12-29 00:24 | Report Abuse

(檳城28日讯）永利行国际產业估价集团董事倪川鹏预计，2014年檳州的房地產交易量將出现下滑的现象。

他指出，这是因国家银行收紧贷款政策，外加檳州政府的打房政策所致，此外，根据近年数据，檳房地產成交量也逐渐下滑中。

倪川鹏今日出席2013年檳州国际產业展时指出，根据国家產业资讯中心（NAPIC）的数据显示，2011年与2012年比较，2011年檳州房地產总成交量为3万674宗，数额约77亿2000万令吉，至于2012年的总成交量为2万3266宗，数额为70亿9000万令吉，比较之下下降了24%。

他续说，至于2013年，因为2013年还未完，因此只能够以2013年上半年的数据为依据与2011年上半年及2012年上半年作比较。

他指出，在2011年上半年，檳州房地產成交量为1万3832宗，数额为33亿9000万，2012年上半年的成交量为1万1889宗，数额为34亿1000万令吉，至于2013年上半年的成交量为8547宗，数额为32亿6000万令吉。

他表示，以每年成交数额都下滑的现象来分析，预计2014年的檳州房屋成交量也会处于下滑的现象。

Posted by Idiot > 2014-01-02 17:16 | Report Abuse

Now the son ascends to the throne

Posted by impartiality > 2014-01-09 10:12 | Report Abuse

But KTT will still play a significant role behind the scenes. He just retired officially.

Posted by Idiot > 2014-01-15 11:03 | Report Abuse

New Ikea in Tambun...will it help HUNZA ? KTT mentioned they have something in SP, share price indicate no effect though

Posted by ccc5197 > 2014-01-16 14:37 | Report Abuse

when the divident will be in?

Posted by impartiality > 2014-01-16 16:20 | Report Abuse

They have land near Batam in Kedah, which is miles from Ikea

Posted by Idiot > 2014-01-16 16:43 | Report Abuse

OK Thx. Looks like sell-down in this stock continues....

Posted by tjhldg > 2014-01-18 15:45 | Report Abuse

every time i see the pe and nta , a big ? in my mind ... tambah tambah tambah

Posted by Idiot > 2014-01-20 12:09 | Report Abuse

This is a value trap. Mgmt has failed to drum up any investors interests

Posted by ccc5197 > 2014-01-23 12:03 | Report Abuse

nearly one month already drop drop drop,all people run away seeing this

Posted by joeylee2013 > 2014-01-23 12:12 | Report Abuse

Investors are fleeing property stocks since the Budget. Thats the order of the day now...

Posted by impartiality > 2014-01-23 16:21 | Report Abuse

There is no catalyst for this stock. The bulk of their income now comes from rental in Gurney Paragon which is nothing exciting

Posted by anbz > 2014-02-03 09:40 | Report Abuse

Period 1Q14

Actual vs. Expectations 1Q14’s core earnings of RM1.4m was way below our expectations, accounting for a mere 6% of street and 7% of our estimates, although topline was within our expectations at 27% of our estimate. The main reason was higher interest expense related to GP Mall, which can no longer be capitalized.

Sales for the quarter was at RM16m (-41% YoY) which came within expectations at 20% of our estimate. It was driven largely by sales of Infiniti inventory, followed by Gurney Paragon Condos (inventory) and Bandar Putra Bertam homes.

Dividends None, as expected.

Key Results Highlights QoQ, revenue declined 5% while core earnings was lower by 79%. EBITDA margin was compressed by 10.3ppt to 28.8% due to the reasons mentioned above while the company registered more billings from lower margin projects like BPB compared to Infiniti and GPC. Reported profit fell by 99% as last quarter included a significant fair value adjustment for GP Mall.

YoY, core earnings was lower by 76%. Topline improved due to sale of property inventory and better GP Mall revenue. However, the mall continued to register slight operating losses, although this has narrowed to RM0.3m from RM1.1m. Net finance cost was up by 27% mainly due to the reasons mentioned earlier.

Outlook The main drivers will be the affordable Bandar Putra Bertam (BPB) township and Gurney Paragon Mall rental income, while Alila 2 and Bayan Baru project will likely commence in mid-FY16 onwards. We also believe investors’ perception of the company may be affected by Datuk Khor’s resignation as executive chairman (refer overleaf).

Change to Forecasts Lowering FY14E and 15E core earnings by 23% and 14% to take into account the higher-than-expected operating losses from its non-development division and interest expense. Even though we have trimmed earnings, we do not discount further weaknesses in earnings, depending on their ability to roll out new launches and speed of profitability of their mall operating profits.

Rating Downgrade to UNDERPERFORM (from MP)

Valuation Lower TP to RM2.15 (from 2.40) based on a widened 33% discount (25% previously) to our FD RNAV of RM3.20. Our discount rate reflects historical average levels. We are concerned about their weakened earnings and perception of the company since Datuk Khor has resigned as executive chairman. We hope to gain further clarity before reviewing our call/TP again.

Risks Sector risks, including negative policies.

Source: Kenanga
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RM 1.4m profit??? for a RM 2 share per unit? die die die

Posted by Idiot > 2014-02-05 11:19 | Report Abuse

Company buying back shares everyday from Placees ?

Posted by USApg > 2014-02-07 06:23 | Report Abuse

founder's wife dies at 77

Posted by anbz > 2014-02-08 11:06 |

Post removed.Why?

Posted by impartiality > 2014-02-13 11:25 | Report Abuse

Only Tambun is on the fund managers and analysts radar as far as Penang based developers are concerned unfortunately

Posted by Idiot > 2014-02-21 15:41 | Report Abuse

Why all Penang property counters shooting up ??

Posted by Idiot > 2014-03-04 10:49 | Report Abuse

would 2nd Bridge helps valuation of Hunza's Bayan Baru land ?

Posted by impartiality > 2014-03-09 23:42 | Report Abuse

Unlikely it is much closer to the existing bridge than the second bridge

Posted by Idiot > 2014-03-10 11:28 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/03/10/Developers-line-up-new-launches-in-Penang-and-Seberang-Perai/

Hunza's management needs to do more PR with the media....reporters dont even pay attention to their projects

Posted by joeylee2013 > 2014-03-14 11:48 | Report Abuse

The minimum threshold for acquisition of property by foreign interests has been raised to RM1 million per unit from RM500,000 previously, effective tomorrow, the Economic Planning Unit (EPU) in the Prime Minister’s Department said today.

In states other than the Federal Territory of Kuala Lumpur, Putrajaya and Labuan, the actual enforcement date is subject to the respective state authority, the EPU said in a statement.

The unit said this measure was undertaken by the government to stabilise domestic property prices from excessive speculation and to enable local interests to acquire quality properties valued at less than RM1 million per unit, especially residential units.

Posted by Idiot > 2014-03-17 11:47 | Report Abuse

But looks like big big competition for Hunza/Penang property mkt given all the big boys like Sunway, Mah Sing etc etc are launching projects there ! Can the young team in Hunza handle ?

Posted by joeylee2013 > 2014-03-19 23:28 | Report Abuse

The Malaysian property market is expected to slow down even further this year after an overall challenging 2013, said property consultancy firm CH Williams Talhar and Wong (WTW).

Posted by Idiot > 2014-04-04 16:27 | Report Abuse

Buyer (KTT?) swings into action to buy warrants now.....new property launch/good news coming ?

Posted by 草鞋 > 2014-04-17 10:03 | Report Abuse

time to move?

Posted by Idiot > 2014-04-17 10:11 | Report Abuse

May be pushed up for another share placement

Posted by Pika Chan > 2014-05-06 14:46 | Report Abuse

Wow, nobody notice this counter huh ?

Posted by Idiot > 2014-05-08 11:57 | Report Abuse

Onwer and his proxies only buyer now

Posted by tkg8 > 2014-05-14 21:26 | Report Abuse

I like this counter, high ROE, low PE and high NTA

Posted by tkg8 > 2014-05-21 18:54 | Report Abuse

I believe something is brewing......company keep on buying back their shares!

Posted by charlestwc > 2014-05-22 22:11 | Report Abuse

Anyone know the reason why
the company keep on purchase its own share?

Posted by Idiot > 2014-06-02 16:00 | Report Abuse

Penangites pls give us your view : Gurney Plaza vs Gurney Paragon - which one you visit more often ? Why ?

Posted by Idiot > 2014-06-13 13:41 | Report Abuse

Alliance Research 29/5/14 Note

http://www.bursamalaysia.com/market/listed-companies/research-repository/research-reports/#/?counter=5018&cbrs=all

Posted by saltedfish > 2014-06-13 17:09 | Report Abuse

No catalyst in sight, HOLD

Posted by arthurong > 2014-07-04 10:16 | Report Abuse

Keep share buy back by the company

Posted by tkg8 > 2014-07-04 11:07 | Report Abuse

Finally...

Posted by johnny cash > 2014-07-19 20:05 | Report Abuse

https://www.facebook.com/photo.php?fbid=822632067748071&set=np.88363422.100002496753938&type=1&theater&notif_t=notify_me

HUNZPTY (5018) forming bolinger band squeeze...

please login to facebook first... CAN SOMEBODY FROM THIS SITE EXPLAIN TO ME WHAT IS THIS BOLINGER BAND SQUEEZE????? IS IT A SUITABLE TIME TO GO IN ?? PLEASE GIVE OPPINIONS

Posted by andylee1919 > 2014-08-13 16:17 | Report Abuse

Why such a good company nobody buy it???

Posted by Ooi Chee Meng > 2014-08-19 08:01 | Report Abuse

will give share dividen base on the current buy back status

Posted by Ann Thian > 2014-08-19 16:54 | Report Abuse

dividen ?
when

Posted by Nn77 > 2014-08-19 23:13 | Report Abuse

http://bursadummy.blogspot.com/2014/07/asiapac-imago-vs-hunza-paragon.html

Posted by Lee Wl > 2014-08-21 14:26 | Report Abuse

buy buy buy!!!!good news everywhere!!

Posted by Superb99 > 2014-09-12 09:02 | Report Abuse

i look at its quarterly results, yoyo significantly...can buy???

Posted by Superb99 > 2014-09-19 10:55 | Report Abuse

this counter is damn slow

Posted by share3 > 2014-10-14 08:16 | Report Abuse

why no share buy back recently?

Posted by fong7 > 2014-12-02 17:02 | Report Abuse

any alliance paper update?

Posted by fast > 2015-01-25 16:44 | Report Abuse

Just hold on to Hunzpty... Based on Alliance research report, its EPS in 2017 is going to be RM0.522, based on RM1.89 price, its PEX will be only 3.62, super cheap!

Posted by Idiot > 2015-01-28 13:42 | Report Abuse

The mgmt gotta be careful, very highly geared with very little operating cashflow

Posted by fast > 2015-01-29 09:00 | Report Abuse

Now about 30% gearing (taking note that this is due to the construction of huge shopping mall which will be a very profitable asset in the long term contributing tons of cash every month), 3 years down the road, the gearing could lowered down to 10%, so I think the risks are nothing at all. Projected RM0.104 dividend per share in 2017.