I own some units of Hua Yang shares bought last year during Chinese New Year period. Prices today is still below what I bought previously. Haha. It’s okay, I intend to keep it to enjoy a local holiday perhaps next year. Hopefully my wish comes true. I think 2016 is a good year for Hua Yang Berhad considering the current property market situation. It closed its 2016 financial year (FY2016) with a profit after tax (PAT) of RM110.1 million versus RM110.6 million recorded in FY2015. Revenue for 2016 came in at RM575.7 million compared with RM583.6 million in 2015. This gave it a healthy 19 percent profit margin.
It’s total unbilled sales at the end of Q1 2016 stood at RM463.4 million. Net assets per share as at 31 March 2016 is at RM2.05 versus RM1.76 previous year. The earnings per share (EPS) for FY2016 is 41.71 sen. The board has also approved a proposal to undertake a bonus issue of 88,000,000 new ordinary shares of RM1 each in Hua Yang on the basis of one bonus share for every three existing Hua Yang shares. The biggest contributors to its results was Klang Valley (46 percent), Johor (32 percent), Perak (21 percent) and Negeri Sembilan (1 percent). Total undeveloped land bank of Hua Yang stood at 530 acres with a potential Gross Development Value of RM3.8 billion.
It’s Chief Executive Officer, Ho Wen Yan said, “We expect demand for the affordable homes segment, especially those that cater to the middle-income and first-time home buyers, to continue growing moving forward. Based on this, and together with our recent and soon-to-be-launched product offerings in the affordable homes segment, we are cautiously optimistic of achieving positive results in our 2017 financial year.” I think I will just look at the words, “cautiously optimistic” and believe him. Time to buy their stocks? I have no idea. Oh yeah, their motto is pretty real as well. It says, “Your Dreams, Made Affordable.” Nope, I have not bought any properties from them before. No chance yet I guess. Recent project? Zeta Residence. Take a look at the image. Happy following.
written on 16 June 2016
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