Posted by WiseVictor > 2016-10-20 11:26 | Report Abuse

PE so low is correct. This counter is much better if compare their EPS with those big developer.

Posted by Wing Destiny > 2016-10-20 17:20 | Report Abuse

Just buy and hold for good fundamental company and from there you can actually see, with the recent PE, DY and NTA all is so good. Just buy and wait your money return. For the launching a new project .... Now really not a timing . They probably will have plan to launch after Chinese new year.

Posted by property > 2016-10-20 22:15 | Report Abuse

Property prices unlikely to go down any time soon
http://www.thestar.com.my/news/nation/2016/10/19/property-prices-unlikely-to-go-down-any-time-soon/

Posted by WiseVictor > 2016-10-21 09:13 | Report Abuse

Yea Wing Destiny, look for undervalue stock then hold it. Just like what i bought for construction stock previously, wait for the wave to come =)

Posted by property > 2016-10-21 10:47 | Report Abuse

Budget should allow more EPF withdrawal for 1st house purchase.

Posted by aunloke > 2016-10-21 12:26 | Report Abuse

Huayang is still a money making company though the property market is quite weak; even with share dilution EPS for 2017 still can reach 20+ .

Posted by Jeremy Loi Fuang Suu > 2016-10-21 12:53 | Report Abuse

Huayang issued bonus 1:3 on 10/10/2016
Price Rm1.80/4x3 = Rm1.35
Shares Issued 264m /3 x4 = 352m
Assume EPS is 40sen for last quarter report.
Now is 40sen/4x3 = 30sen
Thus PE is 1.26 / 0.30 = 4.2
Same to NTA 2.14. Current NTA is Rm 565,530,000 / 352m shares = 1.60
PTBV last time is Rm1.8/ 2.14 = 0.84. And current is 0.78
调整过后的 1.26 = 调整前的 1.68
From 1.80 drop to 1.68 (- 6%)
根据以前的数据 价格被低估 已经是具有安全边际
机会来了！！ 买入1.26 - 1.28

Posted by Jeremy Loi Fuang Suu > 2016-10-21 13:00 | Report Abuse

相信政府的预算案里的PRIMA和 首购族房贷EPF户头2或可提70% 会让产业股复苏
预算案可能会宣布豁免产业买卖合约和房贷合约的印花税或提高印花税折扣，让首购族有能力购买30万令吉以下可负担房屋。

Posted by PlsGiveBonus > 2016-10-21 18:33 | Report Abuse

Sell?

Posted by ginvin > 2016-10-21 20:38 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5237949

Posted by Icon8 > 2016-10-21 21:09 | Report Abuse

Budget 2017: PM unveils housing perks
http://www.thestar.com.my/news/nation/2016/10/21/budget-2017-pm-unveils-housing-perks/

Posted by valuelurker > 2016-10-22 00:26 | Report Abuse

Terrible results. The full impact of the 2016 property slowdown not even fully reflected yet, worse to come

Posted by Chrishau > 2016-10-22 08:49 | Report Abuse

please avoid to buy in property counters except MKH

Posted by popo92 > 2016-10-23 09:18 | Report Abuse

Results are not terrible when property sectors are already slowing down not only this company. Anyway, valuation given now is already very low.

Posted by bsngpg > 2016-10-23 14:07 | Report Abuse

To me, the result is terrible and I foresee share price will be adjusted down. However I do not plan to let go my holding but prepare to struggle thru the bad time with Huayang. This is not the wise way in investing by staying with the company at bad time.

Posted by Jeremy Loi Fuang Suu > 2016-10-23 16:46 | Report Abuse

The bad result already expected and reflected at the price. That's why people start to collect it.

Posted by Good_result > 2016-10-23 16:46 | Report Abuse

Can make profit is good. Some developers already loss due to property market slow down.

Posted by Jack888 > 2016-10-23 17:00 | Report Abuse

Poor performance...will drop further.

Posted by sasword > 2016-10-24 09:48 | Report Abuse

产业股插水再潜水...神仙难救，难救啊...

Posted by beso > 2016-10-24 10:25 | Report Abuse

sure drop

Posted by aunloke > 2016-10-24 12:07 | Report Abuse

Do your best see that it drops below 1.20 .

Posted by WiseVictor > 2016-10-24 15:48 | Report Abuse

Even there is drop on EPS, this counter still undervalued. Assume next 3 qr also 6.42 EPS, its PE only 4.87. Potential gain margin still a lot.
6.42 x 4 = 25.68 sen
1.25 / 0.2568 = 4.87

Posted by bsngpg > 2016-10-24 16:28 | Report Abuse

6.42 cts/qtr is before factoring in the latest 1:3 bonus issue.
With the latest bonus 1: 3, eps FY17=6.42x4=25.68x3/4=19.26sen.
PE @1.25= 1.25/0.1926=6.5.

Comparing to historically PE range of Huayang, 1.25 is NOT cheap. Potential gain is very marginal.

Management did stress that they will try to sustain DPO at 25-30%. Thus the expected dividend for next year is 19.26 x 27.5%= 5.3 cent only which is equivalent to 4.2% yield.

We can easily find few property counters flare better than Huayang at this valuation.

Posted by bsngpg > 2016-10-24 16:31 | Report Abuse

Being said that, I still will not sell my holding in Huayang but I strongly will not add any at this price. I also do not encourage new investors buying Huayang at this price at the current market condition.

Posted by WiseVictor > 2016-10-24 17:04 | Report Abuse

6.42 is the value that after bonus issue. i3 will always automatically change the figure after bonus issue or stock split.

Posted by bsngpg > 2016-10-24 17:34 | Report Abuse

6.42cents is the result ended at 30Sep16 whereas bonus was ex in Oct16.
You can get an official info about eps and # of shares from BursaMalaysia.com instead of relying on i3 which is just a public forum not accountable for accuracy of its info.

Number of ordinary shares = 264,000,000

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5237949

Posted by bsngpg > 2016-10-24 17:42 | Report Abuse

It is not right too to adjust numbers ended at 30sep16 with the enlarged number of shares taking place only in Oct16 after bonus issue.
You will see all numbers being adjusted in the next qtr report in Jan17.

Posted by WSCAPITAL > 2016-10-24 20:55 | Report Abuse

1.24*4/3=1.65. Undervalue stock go down. We want to see how low It can down caused by dumping.

Posted by beso > 2016-10-24 21:22 | Report Abuse

sure drop to new low again

Posted by smartInvestor1 > 2016-10-25 01:52 | Report Abuse

Property stock cannot value it by NTA 1.65 because most of the assets are land and property.
The EPS already drop due to market slowdown and bonus issued.

Posted by BN_menang > 2016-10-25 09:02 | Report Abuse

Hua Yang upbeat on new launches-NST 25th Oct.

Posted by beso > 2016-10-25 09:51 | Report Abuse

next q will b even worse

Posted by BN_menang > 2016-10-25 09:57 | Report Abuse

Pending to launch-Astetica Residence with GDV RM 368 million. HuaYang has undeveloped landbank totalling 209 ha with potential GDV RM 4.9 billion.

Posted by smartInvestor1 > 2016-10-25 13:05 | Report Abuse

KENANGA latest TP 1.32 (7%) with HOLD call

Posted by siam8888 > 2016-10-25 22:22 | Report Abuse

Came out the bad news to push down the share price, big trap for those who bought before bonus issue.....bad company!!

Posted by siam8888 > 2016-10-25 22:36 | Report Abuse

Disposal share for your guys....

Posted by Wing Destiny > 2016-10-25 22:46 | Report Abuse

Just need to change strategy during rain time!!! If possible, you got capital to backup, I do suggest let the fish swimmmmm first.... and decide to buy in more ... when the price move sideway. Because currently we really don't know where is Hua Yang Supporting Line!!! As this company don't practice on Share Buy Back as well...

Cheers !!! WIsh all of you happy investing :)

Posted by Good_News > 2016-10-26 02:23 | Report Abuse

HuaYang is still profitable and quite big profit margin meaning cost is very much under control.

Posted by BN_menang > 2016-10-26 16:06 | Report Abuse

In other stocks low PE very important why not in HuaYang?

Posted by BN_menang > 2016-10-26 16:07 | Report Abuse

Loss making DRB RM 1.41 why single digit PE HuaYang still can drop? Dividend 5 sen should able to maintain next year.

Posted by WiseVictor > 2016-10-26 17:27 | Report Abuse

Yea, wondering why people not buy Huayang at RM1.23 but buy Gamuda at RM4.9 that has higher PE, lower ROE, lower div yield, lower EPS. The only better point, i.e. Gamuda is more stable.

Posted by beso > 2016-10-27 10:23 | Report Abuse

no way huayang can compare to giant gamuda

Posted by Chua Yoke Lian > 2016-10-27 11:43 | Report Abuse

no more large volume selling
share price stable now

Posted by siam8888 > 2016-10-27 23:37 | Report Abuse

Announce pay 10% dividend instead of previous 30% payout...

Posted by siam8888 > 2016-10-29 13:49 | Report Abuse

Plan early to release bad news for share disposal for yours after all you bought before bonus share issue...,

Posted by siam8888 > 2016-11-02 00:02 | Report Abuse

Con man counter

Posted by sasword > 2016-11-02 17:12 | Report Abuse

The so called affordable house...ppl cant even afford to buy...then result drop and small fish all dump this counter...end of story...

Posted by curious2 > 2016-11-03 11:56 | Report Abuse

Like it or not HuaYang still profitable. Many higher price stocks(eg DRB, E&O) cannot match HY EPS. PE still single digit(annualised) base on latest QR.

Posted by Chua Yoke Lian > 2016-11-03 11:57 | Report Abuse

Got anybody feel this is the right time to buy?

Posted by Wing Destiny > 2016-11-03 12:55 | Report Abuse

My answer and template is in the blog, just have a look and you know what is going on. For me, I think we need to hold and collect good company when the price is low and people irrational throwing. Cheers, Mate!