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Ready to power up!
the family has started with their buy-backs again. the last time they did, share price rallied back to IPO price of 90c. for two consecutive days, they purchased 200k shares at 78c and 76.5c. worth a look, deep value play.
768m market cap - $280m of cash and no debt. expected to do $43m net profit (based on RHB' s report). with their commitment of dividend policy to reward shareholders with at least 50% of NPAT, that gives a yield in excess of 2.5% presently. not great but decent for a company that' s in growth mode and has plans for M& A.
768m market cap - $280m of cash and no debt. expected to do $43m net profit (based on RHB' s report). with their commitment of dividend policy to reward shareholders with at least 50% of NPAT, that gives a yield in excess of 2.5% presently. not great but decent for a company that' s in growth mode and has plans for M& A.
http://sgwealthbuilder.com/2017/06/temasek-holdings-pre-ipo-investment-in-hrnetgroup/
Octavia ( Date: 19-Jun-2017 17:40) Posted:
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there was an interesting article, although old but still very much relevant on how A.I can potentially disrupt corporate recruiting - https://www.forbes.com/sites/louisefron/2016/07/12/how-a-i-is-about-to-disrupt-corporate-recruiting/#2f5e17fe3ba2
take a look at the share price today.. only 77 cents. luckily didnot get any at ipo.
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Analyst' s ???.
Think it not for us, is for themself. Hahaha. KIm Eng becoming Kim End.
Think it not for us, is for themself. Hahaha. KIm Eng becoming Kim End.
john_ric ( Date: 19-Jun-2017 17:13) Posted:
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fair point, dividend yield isnt fantastic but committing 50% payout ratio is decent. also, unlike some other IPOs where management flushed out capital via dividends preceding the listing, they actually retained those cash in the company - speaks volume about their vision for this co. would have been a perfect opportunity for them to cash out if they wanted. also don' t miss out the fact that when price dropped to 75c recently, the management bought back some 400k shares to support the price.
takeaway = never cashed out and even bought more shares recently
think you missed out the other key points that I was trying to highlight -
1) valuation gap compared to peers
2) resilient balance sheet with $280m net cash position allows inorganic growth opportunities (although to be fair, they havent had much M& A track record)
3) scalable business model and good earnings quality
4) strategic shareholders with potential to collaborate to elevate growth
5) FTSE inclusion
just sharing my own analysis, dyodd.
takeaway = never cashed out and even bought more shares recently
think you missed out the other key points that I was trying to highlight -
1) valuation gap compared to peers
2) resilient balance sheet with $280m net cash position allows inorganic growth opportunities (although to be fair, they havent had much M& A track record)
3) scalable business model and good earnings quality
4) strategic shareholders with potential to collaborate to elevate growth
5) FTSE inclusion
just sharing my own analysis, dyodd.
FearValueGreed ( Date: 10-Sep-2017 13:21) Posted:
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2.8% dividend is not TT fantastic.
unless there is growth story it will tank, till dividend % hit 4 %
there are better options
unless there is growth story it will tank, till dividend % hit 4 %
there are better options
n3wbie ( Date: 10-Sep-2017 12:24) Posted:
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has anyone studied this company much? currently below IPO price but fundamentally a really solid company that historically delivers > $40m NPAT.
with a current market cap of $780m, they have about $280m cash (zero borrowings). the management did not even div out or sold any share during the IPO stage, transferring the $100m net cash that they had before listing to post listing. seems like they are in for the LT. has also committed to 50% div payout for this year and next year at least and at current price should yield approximately 2.8%. current PE is about 17x and ex-cash PE would be closer to 12x while peers are easily 20-30x.
business model is highly scalable, asset light and therefore attractive ROE and ROIC. good quality of earnings but key thing now is how they can replicate this business model to overseas market to tap on other growth opportunities. interestingly, they have the big cornerstone investors such as Heliconia, Fidelity, etc who all subscribed for their shares at the higher end of 90c/share. (IPO book building indicative price ranged from 80c-90c/share) apart from institutional investors, the strategic shareholders who took IPO shares is an interesting perspective - en Japan Inc and TechnoPro are both listed Japanese companies which are industry peers (potentially suggesting future collaboration to expand in North Asia?).
not sure if this would serve as a catalyst but HRNet will also be included into the FTSE ST Small Cap Index as of market closing this coming Fri, 15 Sep.
with a current market cap of $780m, they have about $280m cash (zero borrowings). the management did not even div out or sold any share during the IPO stage, transferring the $100m net cash that they had before listing to post listing. seems like they are in for the LT. has also committed to 50% div payout for this year and next year at least and at current price should yield approximately 2.8%. current PE is about 17x and ex-cash PE would be closer to 12x while peers are easily 20-30x.
business model is highly scalable, asset light and therefore attractive ROE and ROIC. good quality of earnings but key thing now is how they can replicate this business model to overseas market to tap on other growth opportunities. interestingly, they have the big cornerstone investors such as Heliconia, Fidelity, etc who all subscribed for their shares at the higher end of 90c/share. (IPO book building indicative price ranged from 80c-90c/share) apart from institutional investors, the strategic shareholders who took IPO shares is an interesting perspective - en Japan Inc and TechnoPro are both listed Japanese companies which are industry peers (potentially suggesting future collaboration to expand in North Asia?).
not sure if this would serve as a catalyst but HRNet will also be included into the FTSE ST Small Cap Index as of market closing this coming Fri, 15 Sep.
no more price stabilization?
john_ric ( Date: 16-Aug-2017 17:41) Posted:
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what happen?
crashed so much today!!
crashed so much today!!
Is their service still relevant nowadays?
Anything not in the overvalue food/bev, medical counters, will be smack down.. they think recent ipo perform good then list at high p/e.. but they are not in those over value sector
HRnet hit new low at 83.5 this week after stabilization actions ended.
over-priced ipo counter! luckily i did not strike any lot in my application!!
Employee placement is about 67-50% discount to IPO price so guess the anchor-investors' cost?
Although the anchor-investors and employees cannot cash-in for 1-3 years, the huge discount is sufficient to cover their cost of share-borrowing for 1-3 years to hedge their positions.
Although the anchor-investors and employees cannot cash-in for 1-3 years, the huge discount is sufficient to cover their cost of share-borrowing for 1-3 years to hedge their positions.
At Net Asset Value of only $0.109, the IPO offering price of $0.90 looked inflated.
Dun think Temasek got their placement at 84c.Likely their is Pre-IPO price,dirt cheap at 5c or so.
If it drops further to tamasek entry price of 84.5 cts, can nimble abit la.
Yes, must remind myself they are the ones who said noble is a $5 stock in one of their reports! Hahahaha....
john_ric ( Date: 19-Jun-2017 17:13) Posted:
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so we can see kim end analyst' s standard now.