HUA YANG BERHAD
Company Description Hua Yang's principal activities consist of investment holding, property development and provision of management services. Its subsidiary companies currently are involved in investment holding, provision of management services, property development and building construction. The property development activities of the Hua Yang Group are currently being undertaken on their land bank which are located mainly in Klang Valley, Perak and Johor.
Company Info
Listing Date 2002-11-29 IPO Price 1.75 Market Capital (Capital Size) 310,860,000 (Small) Par Value RM 1.00 Board Main Sector Properties Major Industry Property Development Website http://www.huayang.com.my/
My Analysis
Forecast P/E now (1.57-0.0825)/0.396 = 3.76 (Moderate) Target Price 1.78+0.0825 = 1.86 (PE 4.5, EPS 0.396, DPS 0.0825) First Support Price 1.54 Second Support Price 1.48 Risk Rating MODERATE
Research House
TA Target Price 2.2 (2013-01-29)
Accounting Ratio
Return on Equity 25.85% Dividend Yield 5.25% Gross Profit Margin 40.64% Operating Profit Margin 25.84% Net Profit Margin 25.80% Tax Rate 26.15% Asset Turnover 0.7902 Net Asset Value Per Share 1.71 Net Tangible Asset per share 1.66 Price/Net Tangible Asset Per Share 0.95 Cash Per Share 0.25 Liquidity Current Ratio 3.3631 Liquidity Quick Ratio 2.8039 Liquidity Cash Ratio 0.6987 Gearing Debt to Equity Ratio 0.5101 Gearing Debt to Asset Ratio 0.3378 Working capital per thousand Ringgit sale 42.0% Days to sell the inventory 58 Days to collect the receivables 66 Days to pay the payables 79
Technical Analysis
SMA 10 1.564 (Uptrend) SMA 20 1.568 (Downtrend 11 days) SMA 50 1.55 (Uptrend) SMA 100 1.536 (Uptrend) SMA 200 1.364 (Uptrend) MACD (26d/12d) 0.000916 ( 0.000227 ) Signal (9) 0.000714 ( 5.1e-05 ) MACD Histogram 0.000202 (Bullish trend 2 days)Bolinger Upper Band 1.636 Bolinger Lower Band 1.5
My notes based on 2013 quarter 3 report (number in '000):- HUAYANG latest news (English) HUAYANG Latest news (Chinese) Financial Quarter Summary Open in New Window
a_date year qrt h_price l_price div roe c_roe rev c_rev pbt c_pbt prof c_prof eps c_eps asset c_asset liab c_liab mino equi cfo cfi cff cash fcf net final share c_share m_cap date gros_m oper_m prof_m vat asset_t pe navps ntaps p/ntaps cps l_cur l_qui l_cash g_de g_da avg_w inv_d rec_d pay_d 2013-01-23 2013 3 N/A N/A 0.0375 7.43% 19.93% 104604 306272 26993 72023 19934 53464 0.1044 0.2800 494219 233325 166934 69377 - 327285 68553 34430 13286 25162 34123 20837 45999 190931 190931 301670 2012-12-31 40.64% 25.84% 25.80% 26.15% 0.7902 - 1.71 1.66 0.95 0.25 3.3631 2.8039 0.6987 0.5101 0.3378 42.0% 58 66 79 2012-10-17 2013 2 1.72 1.5 - 6.36% 12.50% 103704 201668 22630 45030 17060 33530 0.1154 0.2269 485090 224504 177689 75433 - 307401 63674 28671 2488 25162 35003 37491 62653 147777 147777 237920 2012-09-30 35.58% 21.83% 21.82% 24.61% 0.7632 - 2.08 2.02 0.8 0.42 2.9762 2.3445 0.8306 0.578 0.3663 40.3% 73 42 84 2012-07-18 2013 1 2.19 1.53 - 6.14% 6.14% 97964 97964 22400 22400 16470 16470 0.1144 0.1144 452139 210100 169113 67466 481 283026 21573 1736 7221 25162 19837 12616 37778 144000 144000 283680 2012-06-30 37.32% 22.95% 22.87% 26.47% 0.7578 - 1.96 1.9 1.04 0.26 3.1142 2.2416 0.56 0.5985 0.374 41.6% 98 47 88 2012-05-23 2012 4 2.02 1.55 0.1125 5.92% 24.00% 84282 306412 18583 72511 13090 53036 0.0909 0.3683 447123 204158 178866 69917 2182 268257 54978 54185 21797 2573 793 22590 25163 144000 144000 220320 2012-03-31 35.14% 22.06% 22.05% 27.28% 0.6853 4.1542 1.85 1.78 0.86 0.17 2.92 2.1314 0.3599 0.6722 0.4 43.8% 101 68 104 2012-01-18 2012 3 1.57 1.32 - 6.59% 18.08% 84251 222130 19781 53928 14569 39946 0.1012 0.2774 427995 191050 173169 68254 1758 254826 39581 50638 20157 2573 11057 9100 11673 144000 144000 187200 2011-12-31 35.19% 23.80% 23.48% 26.29% 0.6749 - 1.76 1.69 0.77 0.08 2.7991 1.9332 0.171 0.6843 0.4046 42.5% 113 67 95 2011-10-19 2012 2 1.67 1.09 - 6.29% 11.48% 76128 137879 18888 34147 13897 25377 0.0965 0.1762 413165 176194 172841 72737 1747 240324 28981 50711 26943 2572 21730 5213 7785 144000 144000 230400 2011-09-30 34.80% 25.05% 24.81% 26.34% 0.4952 - 1.66 1.59 1.01 0.07 2.4223 1.6981 0.1309 0.7245 0.4183 50.6% 141 120 119 2011-07-14 2012 1 1.82 1.26 - 5.20% 5.20% 61751 61751 15259 15259 11480 11480 0.0797 0.0797 365114 166355 132625 72132 1732 232489 12699 13186 4080 2573 487 3593 6166 144000 144000 253440 2011-06-30 35.85% 25.15% 24.71% 24.56% 0.3519 - 1.6 1.54 1.14 0.04 2.3063 1.5026 0.0855 0.5747 0.3632 73.3% 244 290 214 2011-05-20 2011 4 1.81 1.43 0.05625 N/A N/A 66716 188865 11504 34257 8244 25148 0.0573 0.1746 355665 167998 134688 73163 1700 220977 14210 25748 15852 1741 11538 4314 2573 144000 144000 239040 2011-03-31 29.57% 17.73% 17.24% 28.19% 0.1876 9.5053 1.52 1.46 1.14 0.04 2.2962 1.4097 0.0855 0.6142 0.3787 142.1% 504 148 372
Financial Quarter Balance Sheet Open in New Window
year qrt Amount due from associated companies (A-0) Amount due from jointly controlled entities (A-0) Bank balances (A-0) Concession assets (A-0) Deferred tax assets (A-0) Fixed deposits (A-0) Goodwill on consolidation (A-0) Intangible assets (A-0) Investment properties (A-0) Land held for property development (A-0) Prepaid lease payments (A-0) Property, plant and equipment (A-0) Receivables (A-0) Cash and cash equivalents (A-1) Current asset classified as held for sales (A-1) Current tax assets (A-1) Inventories (A-1) Other assets (A-1) Property development costs (A-1) Trade receivables (A-1) Deferred tax liabilities (L-0) Hire purchase liabilities (L-0) Loans & borrowings (L-0) Trade payables (L-0) Current tax liabilities (L-1) Liabilities directly associated with assets classified as held for sale (L-1) Loans & borrowings (L-1) Other liabilities (L-1) Trade and other payables (L-1) Minority interest (M-1) 2013 3 - - - 13377 1707 700 - 10174 1604 222966 - 6870 3496 48477 - - 3597 75956 35204 70091 2833 - 74080 20644 10289 - 5624 671 52793 - 2013 2 - - - 13530 1733 698 - 9074 1566 223577 - 6857 3551 62653 - - 4512 71195 43141 43003 3062 - 80610 18584 8159 - 12338 - 54936 - 2013 1 - - - 13684 958 696 - 9074 1576 205839 - 6566 3646 37779 543 - 6195 68470 52671 44442 2603 - 82290 16754 6108 190 7770 - 53398 481 2012 4 - - - 13839 1539 695 - 9074 1585 205821 - 6638 3774 25162 502 - 4945 65886 50192 57471 3498 - 90840 14611 5800 - 6439 1183 56495 2182 2012 3 - - - 14120 860 828 - 9074 2094 202617 - 6350 1002 11673 - - 4214 67093 54888 53182 3013 - 88369 13533 10327 - 7403 660 49864 1758 2012 2 - 5038 - 14276 735 826 - 9074 2113 197921 - 6057 931 9523 - - 4587 46465 48089 67530 3231 37 84922 11914 8385 - 19174 695 44483 1747 2012 1 - 5037 - 14431 765 810 - 9074 2118 160423 - 6101 - 6166 - - 4184 - 53786 102219 3459 51 56983 - 4955 - 16405 - 50772 1732 2011 4 - 5024 - 14569 809 809 - 9074 2129 147970 - 5447 1836 6259 - - 4184 69764 60676 27115 3645 - 53514 4366 3666 - 19529 2079 47889 1700
Financial Quarter Income Statement Open in New Window
year qrt Revenue Income tax expense Cost of sales Finance/interest costs Other income Administrative/Operating expenses Minority interest Selling and distribution costs 2013 3 104604 7059 62095 36 761 4611 - 11630 2013 2 103704 5570 66809 10 1670 5062 - 10863 2013 1 97964 5930 61401 78 1000 4527 - 10558 2012 4 84282 5069 54665 7 376 5594 424 5809 2012 3 84251 5201 54604 273 978 3919 11 6652 2012 2 76128 4976 49637 182 253 4063 15 3611 2012 1 61751 3747 39612 273 240 3314 32 3533 2011 4 66716 3243 46988 324 394 4338 17 3956
Financial Quarter Segments Revenue
year qrt Others Property development 2013 3 485 104119 2013 2 499 103205 2013 1 486 97478 2012 4 611 83671 2012 3 434 83817 2012 2 273 75855 2012 1 431 61320 2011 4 452 66264
Financial Quarter Segments Profit
year qrt Others Property development 2013 3 158 26835 2013 2 708 21922 2013 1 49 22449 2012 4 103 18686 2012 3 29 19752 2012 2 162 19050 2012 1 44 15303 2011 4 35 11469
Short form reference a_date = announcement date, yr = financial year end, qrt = quarterh_price = stock highest price during the quarter, l_price = stock lowest price during the quarterdiv = dividend recommend or declare in the quarter, roe = return on equityc_roe = cumulative of return on equity during the financial yearrev = revenue in the current quarter, c_rev = cumulative of revenue during the financial yearpbt = profit before tax in the current quarter, c_pbt = cumulative of profit before tax during the financial yeareps = earnings per share in the current quarter, c_eps = cumulative of earnings per share during the financial yearasset = total asset, liab = total liability, mino = minority interest, equi = total equitycfo = net cash flow from operating activities, cfi = net cash flow from investing activitiescff = net cash flow from financing activities, cash = cash and cash equivalents as at beginning of financial yearfinal = cash and cash equivalents as at current financial period endedshare = diluted/basic weighted average number of ordinary sharesc_share = cumulative of diluted/basic weighted average number of ordinary shares during the financial yearm_cap = market capital at announcement date of quarterly report, date = current financial period ended dateprof_m = profit margin, vat = income tax rate, pe = price earning per share ratio of recent four quarternavps = net asset value per share, ntaps = net tangible asset per share, cps = cash per sharel_cur = liquidity current ratio, l_qui = liquidity quick ratio, l_cash = liquidity cash ratiog_de = gearing debt to equity ratio, g_da = gearing debt to assets ratioavg_w = working capital per thousand Ringgit saleinv_d = days to sell the inventory, rec_d = days to collect the receivablespay_d = days to pay the payablesCURRENT ● CHANGES IN SHAREHOLDING ● ANNUAL REPORTS HISTORICAL ● CHANGES IN SHAREHOLDING ARCHIVES ● CHANGES IN SHAREHOLDING 
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