Stock Name = HAP SENG CONSOLIDATED BERHAD - HAPSENG Date = 27/11/13 Price Current = 2.61 Yesterday = 2.6 EPS Increase % = -27.48 Current EPS = 7.02 Previous EPS = 9.68 Dividen % = 3.07 PE Current = 9.29 Previous = 6.1 Target Price EPS = 1.893 Target Price PE = 3.594
The Plantation Division will be mainly influenced by the global macroeconomic factors affecting the palm oil market and weather conditions affecting FFB yield trend. Global supply of palm oil is anticipated to be lower as both Malaysia and Indonesia which account for about 90% of the world supply of palm oil are entering their monsoon weather season which is expected to result in lower than initially expected output with falling yield data already been seen in both the Malaysian and Indonesian oil palm plantations. Demand for palm oil on the other hand is expected to increase in view of the upcoming Chinese New Year. China, the world's second-biggest palm oil buyer, likely to begin re-stocking its palm oil stocks ahead of this festive period. Fears that the super typhoon Haiyan which hit central Philippines in early November may severely reduce coconut oil supply in the region and channel demand to palm kernel oil had caused prices of palm kernel oil to go up sharply which positively impacted palm kernel prices as well. The increase in biodiesel mandates in both Malaysia and Indonesia is also a positive measure for the palm oil industry in sustaining the current level of palm oil prices.
The Property Division‟s current property development projects in Sabah and Klang Valley continued to receive encouraging responses which will contribute favourably to the division‟s current year performance. Contribution from investment properties is expected to be maintained with close to optimum occupancy rates and consistent average rental rates.
Credit Financing Division will continue to grow its loan base with focus in the pre-selected loan sectors which have shown resilience and continue to be robust whilst managing credit risks. Plans are underway to expand the Division‟s operations to Singapore via the incorporation of two wholly-owned subsidiaries in Singapore as disclosed in Part A Note 9(j) which are expected to contribute positively to the Division‟s future earnings.
The Trading Division continues to place concerted efforts to expand market share and identifying new products to grow sales and profitability which are expected to contribute favourably to the Division‟s current year‟s performance.
The Automotive Division expects the competitive environment of the Malaysian premium passenger vehicles segment to continue. Nevertheless, encouraging responses from the introduction of new Mercedes Benz passenger car models in the third quarter are expected to contribute positively to the Division‟s performance in the fourth quarter.
Based on the foregoing, the Group is optimistic of achieving satisfactory results for the balance of the current financial year ending 31 December 2013.
Date | EPS | Dividen |
Profit/(loss) attributable to
| Net Asset Per Share |
|---|---|---|---|---|
| 27/11/13 06:05 PM | 7.02 | 8 | 141,238 | 1.7 |
| 19/08/13 05:56 PM | 9.68 | 8 | 201,548 | 1.63 |
| 29/05/13 12:00 AM | 4.86 | 0 | 102,785 | 1.6 |
| 28/02/13 12:00 AM | 5.75 | 6 | 122,611 | 1.61 |
| 29/11/12 12:00 AM | 5.15 | 0 | 110,983 | 1.55 |
| 30/08/12 12:00 AM | 4.74 | 4.5 | 102,877 | 1.55 |
| 29/05/12 12:00 AM | 3.95 | 0 | 86,161 | 1.5 |
| 14/02/12 12:00 AM | 5.11 | 4.7 | 111,746 | 1.51 |
| 25/11/11 12:00 AM | 4.37 | 0 | 91,149 | 1.47 |
| 24/08/11 12:00 AM | 4.82 | 3.9 | 90,533 | 4.71 |
| 06/05/11 12:00 AM | 14.58 | 0 | 82,174 | 4.73 |
| 18/02/11 12:00 AM | 18.3 | 22 | 103,130 | 4.59 |
| 24/11/10 12:00 AM | 8.5 | 0 | 47,877 | 4.41 |
| 25/08/10 12:00 AM | 23.54 | 6 | 132,674 | 4.38 |
| 27/05/10 12:00 AM | 7.01 | 0 | 39,482 | 4.22 |
| 12/02/10 12:00 AM | 1.37 | 7 | 7,693 | 4.14 |
| 23/11/09 12:00 AM | 6.84 | 0 | 38,570 | 4.13 |
| 26/08/09 12:00 AM | 6.49 | 5 | 36,582 | 4.13 |
| 29/05/09 12:00 AM | - | - | 17,398 | 4.13 |
| 25/02/09 12:00 AM | - | - | -11,275 | 4.09 |
| 28/11/08 12:00 AM | - | - | 117,436 | 4.1 |
| 26/08/08 12:00 AM | - | - | 145,729 | 3.91 |
| 22/05/08 12:00 AM | - | - | 62,085 | 3.7 |
| 31/03/08 12:00 AM | - | - | 666,546 | 3.58 |
| 13/12/07 12:00 AM | - | - | 72,140 | 2.76 |
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