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Look liked new Chairman wouldn' t be new bloom sweeps clean as expected. He didn' t come with a bang by giving out miserable half cent a share (about 8 million) to his supporters/shareholders when the company had a net profit of more than 22 million. Presuime what' s keeping the money for except to ensure his wage pay permanently. Thought the previous was not good enough but at least got share of the capital distribution.
This co has been stable, profitable with so much cash.
Who doesn' t want to own it ? Just be patient and hold it.
Who doesn' t want to own it ? Just be patient and hold it.
earthdragon ( Date: 04-Mar-2021 17:05) Posted:
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I hope privatisation happen
37.5 cts and half cent dividend got people want! What cud be the motivation except Group NAV 52.36 cts? 
Not active. Tat Seng seems better than hanwell
I totally agreed that they really short change us, investors...I also dump this company...
I have purchased Pacific Century at $0.33, they give dividends of $0.046. That about 14%....this Hanwell give us peanuts...
I have purchased Pacific Century at $0.33, they give dividends of $0.046. That about 14%....this Hanwell give us peanuts...
FrancisLim ( Date: 26-Feb-2021 13:31) Posted:
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not too much about the dividends,more with engaging the analysts. Did you notice the results announcements never come with press release, unlike other kuching kurat counters? Management need to learn the share price of a gem needs analysts to unlock. Otherwise shareholders will continue to suffer
misearable dividend when the co did well.
earthdragon ( Date: 26-Feb-2021 08:49) Posted:
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Hanwell Holdings see over 3 times surge in FY20 earnings to $22.2 mil
Hanwell Holdings has more than tripled its earnings to $22.2 million for the FY2020 ended December, compared to earnings of $6.1 million a year ago.
While the higher earnings were mainly attributable to the higher other income of $6.1 million during the period, 107.7% higher y-o-y due to the grants received from the government, the group saw a 2.2% y-o-y increase in FY2020 revenue of $471.4 million.
The higher revenue was mainly due to higher revenue achieved by the Singapore Consumer Business, which observed higher demand for its products such as rice and tofu during the year.
Growth in the China sector of the packaging business (Tat Seng Group), driven by 4.8% y-o-y higher sales volume and the stronger RMB also contributed to the higher full-year revenue.
Gross profit for the FY2020 grew 15.6% y-o-y to $109.6 million, due to higher revenue and lower raw material costs for its packaging business.
As such, gross profit margin (GPM) stood 2.69 percentage points higher at 23.26% for the FY2020.
Impairment losses of trade and other receivables fell 23.8% y-o-y to $0.63 million due to writeback of expected credit loss for its packaging business in FY2020.
Other operating expenses fell by 96.2% y-o-y to $0.23 million due to loss incurred on disposal of asset held for sales the year before.
Cash and cash equivalents as at end-December stood at $152.3 million.
For the FY2020, the group has proposed a final dividend of 0.5 cent per share, higher than the final dividend of 0.25 cent per share the year before.
Looking ahead, Hanwell anticipates a negative impact on its Consumer Business in the
FY2021 due to the additional round of lockdowns in Malaysia.
The ongoing Covid-19 pandemic is also expected to weigh down on its business environment, while the increase in raw material prices may impact results of its Packaging Business.
The proposed dividend only 0.005, disappointed.
I got it. !
https://links.sgx.com/1.0.0/corporate-announcements/OE26QUYR4RLV0D32/6cd00616aebe06d4e608c6d5816d92efe75474b2afd868f5c226c65aee98957e
earthdragon ( Date: 26-Feb-2021 08:28) Posted:
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Hi
Can share the results, I couldn't find it.
Thanks 😊
tcctcc ( Date: 25-Feb-2021 19:06) Posted:
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New management looks like one with more initiatives to unlock values of this gem. Heading to $0.50 soon
Tat Seng Packaging rewarded 2 cts dividend to shareholders and is evaluating a spin off in its PRC business.
Good for Hanwell as Hanwell owned 65% of Tat Seng Packaging.
Good for Hanwell as Hanwell owned 65% of Tat Seng Packaging.
JulTay1 ( Date: 25-Feb-2021 19:19) Posted:
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Fantastic results !!!
tcctcc ( Date: 25-Feb-2021 19:06) Posted:
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If it will to trade at Sheng Siong PE, then Hanwell should be trading at $0.68, almost 100% upside.
nott1965 ( Date: 19-Feb-2021 15:31) Posted:
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Result is out. EPS is now 4 cents. Super undervalued.
JulTay1 ( Date: 25-Feb-2021 17:53) Posted:
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Hanwell is trading currently below its NAV price and is a privatisation candidate.
Result should be out soon.
Result should be out soon.
Weird， tat Seng packaging is very inactive, but hanwell today up alot
Last year results announcement on 27 Feb after trading hours.
The Group's net profit after tax for 1H 2020 was S$13.49 million as compared to S$5.77 million reported for 1H 2019. The net profit attributable to shareholders was S$9.92 million for 1H 2020 as compared to S$4.14 million reported for 1H 2019.