Posted by Victor Yong > 2019-01-12 16:46 | Report Abuse

HOHUP Financial Information
Market Capital (RM) 140.59m
Number of Share 374.89m
EPS (cent)* 8.21
P/E Ratio 4.57
ROE (%) 8.64
NTA (RM) 0.950

Posted by Victor Yong > 2019-01-12 16:56 | Report Abuse

interesting previous/old article :)

Ho Hup's Bukit Jalil Play

Developer to build on mixed development project’s success

PETALING JAYA: Small cap construction and property developer Ho Hup Construction Company Bhd will leverage on its Bukit Jalil mixed integrated development of 7.2 acres where sales so far on its first five acres have been a success.

Known as Aurora Place, the five-acre plot comprises shop offices, retail floors and SoVo (small offices, versatile offices). It will retain its 18-storey office block for recurring income. The project is fully sold.

Chief executive officer Derek Wong Kit-Leong said the company would launch projects on its second parcel next year. Ho Hup has about 10 acres on a gross level and about 7 acres after making adjustments for infrastructure with a combined gross development value (GDV) estimated at more than RM1bil.

Its 10 acres is part of the 60 acres held by its subsidiary Bukit Jalil Development Sdn Bhd (BJD).

The other 50 acres would be developed under a joint development agreement between BJD and Pioneer Haven Sdn Bhd, a subsidiary of Malton Bhd.

Wong said going forward, the success of Aurora Place and its joint development with Malton would help build up its cash position. Ho Hup would be entitled to 18% of the GDV ranging from RM4bil to RM4.5bil for the 50-acre project.

The company has been building up its revenue and profit the last couple of years under Wong’s leadership.

The company officially made an exit from its PN17 status - which denotes distressed companies - last year. It was under PN17 status since 2008.

Moving forward, Wong describes the company as being in a fairly comfortable position and was voted as the top five among 30 small cap jewels in 2015 by RHB Investment Bank.

“We are basically leveraging from the money which is going to come in from the 50 plus 10 acres, which is between RM90mil and RM100mil annually for the next seven to eight years,” said Wong.

He said the company plans to put aside between RM300mil and RM400mil for the next two years to increase its land bank in the Klang Valley, Penang and Kota Kinabalu in Sabah. It is interested to build more hybrid development the likes of Aurora Place.

Wong said the company would like to increase its after tax profit of about RM65mil last year by between 20% and 25% a year.

Ho Hup has two core businesses, property development and construction with property development contributing 80% to profit and the remaining 20% from construction although on a revenue level, contribution from both are about equal.

The company has unbilled sales of about RM576.9mil, of which RM275.4mil are from its Bukit Jalil development and the remaining RM301.5mil from its construction projects.

Aurora Place has been fully taken up with unbilled sales of RM275.4mil as at the end of Febuary 2015.

It would retain an 18-storey office block for recurring income.

Posted by Victor Yong > 2019-01-14 10:15 | Report Abuse

Good, park at this profitable small cap stock :)


With the expected goods and services tax and income tax refunds, CHK Consultancy CEO Dr Ch’ng Huck Khoon said more than RM30 billion could be be potentially be ploughed into the stock market.

He is of the view that the stock market will be “okay” under the leadership of Prime Minister Tun Dr Mahathir Mohamad, given his track record.

With “all bad news” being factored in by the market, MRR Consulting managing partner Ooi Kok Hwa believes stock prices have bottomed out and he advised investors to look out for small-cap stocks given the higher index levels compared to the list of 30 component stocks of the KLCI, of which some are overvalued.

“Five years ago, in 2013-2014, there was one full-year of small cap rally. Yes, it will happen this year,” he said.

Posted by Victor Yong > 2019-01-14 10:18 | Report Abuse

NOSH: 375 Million can give share dividend also............ 1 share for every 100 shares = 3.75mil only.... retained earnings was RM178mil++ as at 30/9/2018 :)

Posted by Victor Yong > 2019-01-14 11:07 | Report Abuse

delayed till now only to be realized, my guess :)

Ho Hup Construction Company may move higher after it continued holding above the MYR0.405 support. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR0.45 level, with an exit set below the MYR0.405 threshold. Towards the upside, the near-term resistance is at MYR0.505. This is followed by the MYR0.54 level.

Source: RHB Securities Research - 19 Sept 2018

Posted by Victor Yong > 2019-01-15 10:31 | Report Abuse

No wonder, it is rising :)

- Joint venture (JV) project with Malton Bhd, dubbed Bukit Jalil City, where Aurora Place and Aurora small offices and versatile offices (Sovo) are located. Ho Hup is entitled to 18% of the sale of development properties from this project. Launched in 2012, Aurora Place comprises three-, four- and five-storey shop offices and retail floors. Sovo, which was launched in 2013, comprises 209 units of flexible office suites for lifestyle and work purposes, above the three-storey shop offices of the Aurora Place.
- Laman Iskandaria in Kulai, Johor

- a high-end service apartment in Bukit Jalil sitting on a 2.8-acre (1.13ha) piece of land (GDV of RM500 million)

- Crown Service Suites and Crowne Plaza Hotel in Kota Kinabalu (GDV RM800 million), mixed-development project in Kota Kinabalu — the 323-unit Crown Service Suites and 376-room five-star Crowne Plaza Hotel. The Crowne Plaza Hotel will be managed by InterContinental Hotels Group.

- Besides property development, Ho Hup which is involved in construction and supply of building material, foresees the Kuala Lumpur-Singapore high-speed rail (HSR) project as a bonus to the group, if the new government chooses to proceed with the project. This is because it has experience with government-related jobs, having been involved in the construction of the Petronas Twin Towers, National Sports Complex, Kuala Lumpur International Airport (KLIA), and the Light Rail Transit System (LRT), among others.

- The group currently has a tender book of RM2 billion and an order book of about RM300 million, comprising all government-related jobs sustainable for two years.

Posted by miniminer > 2019-01-17 01:32 | Report Abuse

Making so much should give back some to shareholders this year......

Posted by BigPro > 2019-01-18 14:56 | Report Abuse

No power to move up....

Posted by Good123 > 2019-01-26 18:22 | Report Abuse

low liquidity, low volume traded daily plus no dividend, directors enjoy benefits and not rewarding shareholders... greedy directors... the reason for its very low share price I guess... many profitable, undervalued companies with good dividend , noneed to buy or look at hohup with its greedy directors cum major shareholders

Posted by sasword > 2019-01-28 12:21 |

Post removed.Why?

Posted by BigPro > 2019-02-11 16:18 | Report Abuse

Just wake up and moving up....

Posted by hng33 > 2019-02-20 14:14 | Report Abuse

bought hohup at 34.5-35sen

Posted by hng33 > 2019-02-20 14:46 | Report Abuse

Add more hohup at 35.5sen

Posted by BigPro > 2019-02-21 12:41 | Report Abuse

Take profit first... buy again when drop below 0.34.

Posted by hng33 > 2019-02-21 16:06 | Report Abuse

sold back at 38-38.5sen

Posted by bursa36 > 2019-03-06 17:53 | Report Abuse

Profit getting lower and lower due to higher finance cost, half of the finance cost paid to company related to a major shareholder

Posted by uptrending > 2019-03-12 17:58 | Report Abuse

Something is brewing.

Posted by uptrending > 2019-03-12 18:01 | Report Abuse

Suddenly burst into life with active trading in the 1st hour of the 2nd session in the afternoon.

Posted by uptrending > 2019-03-12 19:05 | Report Abuse

JDA with Malton in BJC, Malton's unbilled sales @BJC approximately rm1.0 billion. Hohup's 18% entitlement would be Rm180 million.

The Pavilion BJC Mall, a GDV of about RM 1.4 billion, Hohup's 18% entitlement would be about RM250 million.

WOW! Once the Mall is sold to an equity partner, which can happen anytime soon, all the $$$$$ would come into Hohup's coffers.

4 Blocks of Park Sky Residence is scheduled to be handed over in the next 3-6 months...

$$$$$$ are coming....

Posted by Val-Elta > 2019-03-13 16:49 | Report Abuse

You do know that once the blocks are handed over, it means the revenue will drop right

Posted by uptrending > 2019-03-13 19:21 | Report Abuse

It will move on...
by then Hohup likely is zero debt or net cash company, be able to pay dividend.. .BJC PARK 2 GDV RM 700 million, 18% will roll in in later years also... There are another Hotel and Office Tower yet to be built by Pioneer Haven in BJC... Some more $$$$...Hohup has balance 2.8 acres land in the BJC project for a condo development ...

Hohup would have grown into a much stronger and bigger property development /construction company after BJC fully completed...

It's cheap.....

Posted by uptrending > 2019-03-13 19:40 | Report Abuse

@44 cents, the market cap of the Company is only rm165m, yet there are about RM300 million cash flowing into the company in the next 2 years... What a feast..

Posted by uptrending > 2019-03-13 19:42 | Report Abuse

Of course, the bulk of the cash would come in on completion and sales of the BJC Mall scheduled for completion by the 4Q 2020..

Posted by bursa36 > 2019-03-14 09:36 | Report Abuse

*Ho Hup Construction Co (5169)* (RM0.44): Technical Buy
Targets: RM0.52-0.55, RM0.60
Stop: RM0.405

Posted by uptrending > 2019-03-15 07:08 | Report Abuse

All the hypes in Oil and Gas, vulnerable to losses later whereas this is a gem, so undervalued...

Park some money here is wisdom.. Hihi

Posted by Princejr Syedputra > 2019-03-19 16:43 | Report Abuse

Bursa36 target price.?

Posted by uptrending > 2019-03-21 17:10 | Report Abuse

Notice of Interest Sub. S-hldr (29A)
HO HUP CONSTRUCTION COMPANY BHD

Particulars of Substantial Securities Holder

Name
Formis Resources Berhad
Address 16th Floor, Menara PanGlobal, 8 Lorong P. Ramlee, 50250 Kuala Lumpur
NRIC/Passport No/Company No. 530701-T
Nationality/Country of incorporation Incorporated in Malaysia
Descriptions (Class & nominal value) Ordinary Shares of RM1.00 each
Name & address of registered holder Formis Holdings Berhad
16th Floor, Menara PanGlobal, 8 Lorong P. Ramlee, 50250 Kuala Lumpur
Date interest acquired & no of securities acquired
Currency Malaysian Ringgit (MYR)
Date interest acquired 28/06/2011
No of securities 21,000,000
Circumstances by reason of which Securities Holder has interest Deemed interested by virtue of Formis Holdings Berhad being a wholly-owned subsidiary of Formis Resources Berhad pursuant to Section 6A of the Companies Act, 1965.
Nature of interest Indirect Interest
Price Transacted ($$) 0.800
Total no of securities after change
Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 21,000,000
Indirect/deemed interest (%) 20.59
Date of notice 28/06/2011


Formis Resources first took over 20.59% or 2 1,000,000 shares @80 cents per share

Posted by uptrending > 2019-03-21 17:15 | Report Abuse

Actually is Formis Holdings Berhad now name changed to Omesti Berhad.

It was almost 8 years ago...

Posted by uptrending > 2019-03-21 17:18 | Report Abuse

Notice of Interest Sub. S-hldr (29A)
HO HUP CONSTRUCTION COMPANY BHD

Particulars of Substantial Securities Holder

Name
Insas Berhad
Address No. 45-5, The Boulevard, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur
NRIC/Passport No/Company No. 4081-M
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary Shares of RM1.00 each
Name & address of registered holder Insas Plaza Sdn. Bhd.
No. 45-5, The Boulevard, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur
Date interest acquired & no of securities acquired
Currency Malaysian Ringgit (MYR)
Date interest acquired 15/08/2013
No of securities 270,000
Circumstances by reason of which Securities Holder has interest Acquisition of shares through open market by Insas Plaza Sdn. Bhd.
Nature of interest Indirect
Price Transacted ($$)
Total no of securities after change
Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 5,323,800
Indirect/deemed interest (%) 5.22
Date of notice 21/08/2013

Posted by uptrending > 2019-03-21 17:21 | Report Abuse

INSAS BECAME SUBSTANTIAL SHAREHOLDERS IN AUGUST 2013.

Bought all the way to RM1++, NOW Holding 13.5 %

Average cost should be RM1++

:)

Posted by uptrending > 2019-03-21 17:35 | Report Abuse

As of 30th June 2018, Hohup's 18% entitlements to the JDA at BJC is Rm253, 000,000.
SOURCE : MALTON'S AR 2018, note 18(f),as follow :

18. PROPERTY DEVELOPMENT COSTS (Cont’d)
(f) Pursuant to the Joint Development Agreement (“JDA”) dated 16 March 2010, and the Supplemental
Agreement dated 3 July 2012 (“SA”), Bukit Jalil Development Sdn Bhd (“BJDSB”), a third party, was
required to deliver vacant possession of a parcel of freehold land measuring approximately 50 acres
to Pioneer Haven Sdn Bhd (“PHSB”), a wholly-owned subsidiary company, for development. All the
development costs shall be borne by PHSB. PHSB is entitled to 82% of the gross development value of
the development, whereas BJDSB is entitled to 18% of the gross development value of the development
provided that the total entitlement of BJDSB should not be lesser than RM220,000,000 in accordance
with the terms of the JDA and the SA.
Included in property development costs is freehold land proprietor’s entitlement amounting to
RM314,489,000 (2017: RM394,446,000), of which RM253,358,000 (2017: RM274,778,000) [Note 32 (c)]
is payable to BJDSB, a third party.....

BJDSB is a wholly owned subsidiary of Hohup..

Chunks of payment $$$$ will come in....

QATAR Investment had given notice of intent to take an equity in the Pavilion BJC Mall 2 months ago...

Stay tune...

Posted by kelvin17 > 2019-03-26 14:45 | Report Abuse

look like there is still hope for the Hohup , but the share price doesnt seem to project it still got hope

Posted by uptrending > 2019-03-27 17:59 | Report Abuse

After researched more and read up the latest AR and announcements (have not been following for about 2 years) I must highlight that:

1) Hohup's debts is building UP TO THE LIMITS already... Now total debts about rm400 million. The company built up too much fixed asset, the HOHUP TOWER in BJC, the land development right in KK, the 430 acres land in kulai, all are not generating cash flow... was built or acquired with borrowed money...

2) All assets including the 18% entitlements to the JDA in BJC are placed with banks as collateral for borrowings. The company had gone desperate, even borrowed at very high rates @12% per annum for rm69 millions from a company of a major shareholders who has substantial influence on the company.

3) The receivables are building up, latest as high as rm193 millions if I remember correctly..
The company owns a few shop lots at the BJC, likely from the JDA..maybe contra against entitlement claims and had put in the shop lots as collateral for borrowing..

4) Risks go along with Malton if the latter could not get an equity Shareholder for the Pavilion Mall at BJC... Hohup would be strapped if it could not get paid for its entitlements from Malton for its JDA at BJC... It would be dead then...

Please be aware of the risks as well..

Posted by uptrending > 2019-03-28 07:22 | Report Abuse

This company may face liquidity problem later...

Total borrowings as of 31st Dec 2018 is
RM 366,343,000

The company kept increase bank borrowing since FY 2015, details are as follows :

Increase in borrowings
FY 2015 RM79, 249,000
FY 2016. RM61, 703,000
FY 2017. RM64, 721,000
FY 2018. RM57, 823,000
----------------------------------------------
TOTAL : RM263, 496,000

As of 31st Dec 2018, the company has negative cash in the form of overdraft....

:(

Posted by Val-Elta > 2019-03-28 11:27 | Report Abuse

Edited to clarify some strategy they can use.
I think for HH, a lot depends on some of their assets ability to generate cash from rental.
1) HH Tower needs to be rented out asap even if at dirt btm price : Some floors may already been rented out, because if you look at advertisement of HH Tower for rent, they're trying to get tenant for 4.5 floors, out of the total 15/16 floors? assume, HH themselves take a max of 2 floors, that's still abt 9 floors that is rented out... 9 floors, at 40k per floor, that's still 360k a month in rental, ~1m per quarter of incoming cash flow. Minus, building maintenance, maybe net 700k per Q in profit?
After HH relocated their own office to HHTower, they can possibly sell or rent their previous shoplot too. (I prefer them to sell) : These are things that can happen within 3 months...

2) they have 3 shoplots in BJC, 1 is own use, 1 is fully rented, a 3rd unit maybe harder to rent out now because facing pav bj under construction now, but once mall is finished and is ong. A lot of their asset and rental can shoot up quite fast.. provided they can survive the next 1.5 years...

3) the crowne hotel in KK is a good move, but again its a 2 years ahead in the future thing... : In my opinion, this is a good play, KK's tourism volume is expected to pick up in the coming years, and will definitely a a gem to HH in the future, again with recurring stable income.

Projects that they should not fund with excessive debt at this moment.
Laman iskandaria project.. With limited uptake i believe..

Their Aurora Duo condo project in BJC, again, I hope they can delay this project, if they launch it again in 2 years time after PBJ is up, they can fetch even better profit margin, as the market would have recovered by then even more.. even though it means immediate revenue may drop..

Posted by uptrending > 2019-03-28 17:17 | Report Abuse

Poor Hohup
Finance Cost alone for FY 2018 was RM 22.9 Millions

Posted by uptrending > 2019-03-28 18:56 | Report Abuse

If there is no cash inflow from their JDA with Pioneer Heaven Sdn Bhd of Malton in BJC, can't imagine how Hohup could pull through the next 2 years. Hopefully, Malton stays strong financially and finds an equity Shareholder for their Pavilion Bukit Jalil Mall and could pay Hohup's 18% entitlements in Cash, not holding up payments or pay in the form of unsold properties..

Uncertainties linger...

Posted by Val-Elta > 2019-03-29 10:53 | Report Abuse

did u sold early? uptrending... u went from very very positive, and then negative pretty fast (especially after HH is raising to 45 cent now)

I believe BJC will be a success, and all of HH's assets there, the shoplots, HH Tower, and (I wonder if HH still owns a bit of Aurora Place or not) will not only appreciate in value, but in rental too....

Posted by uptrending > 2019-03-29 15:26 | Report Abuse

A white Knight with deep pocket and lot of cash might be coming for the rescue to reap the potential in Hohup....

There are potential risks...
Key is the success of the BJC Mall...

Posted by uptrending > 2019-03-29 15:28 | Report Abuse

If otherwise, could be pure Goreng Goreng..

Posted by uptrending > 2019-03-29 15:35 | Report Abuse

Look at the BJC Mall, so long already still has not got an equity Shareholder... From rumours of the Canadian fund to Pavilion REIT.. to Qatar Investment (still pending Due Deligence since 21st Jan 2019) who is also the 2nd largest shareholders in Pavilion Reit..

The Mall costs about RM1. 2B...

Posted by uptrending > 2019-03-29 15:41 | Report Abuse

But would there be a white Knight, looking at the such bad time and state of the Company...

Posted by luckyman > 2019-03-29 20:59 | Report Abuse

Back on the uptrend based on SMA 200

Posted by Ameera > 2019-03-30 11:05 | Report Abuse

Uptrend?

Posted by uptrending > 2019-03-31 12:17 | Report Abuse

Be careful!
Possible to revisit PN17

Posted by Crash123456buil > 2019-03-31 23:40 |

Post removed.Why?

Posted by jnal > 2019-04-01 09:26 | Report Abuse

TP .500...

Posted by jnal > 2019-04-02 12:23 | Report Abuse

Sell already..fake BO.. useless counter..

Posted by bursa36 > 2019-04-04 09:43 | Report Abuse

Seems like somebody is collecting recently

Posted by jnal > 2019-04-04 11:56 | Report Abuse

strong support .450..