Hotung Inv    Last:1.57    -0.02

Potential high dividends counter

Cool ..

nihc13      ( Date: 22-Feb-2018 19:17) Posted: Hotung just declared dividend of twd3.42/share...is approx 7.5% yield base on today closing price of S$1.96 nice one!!!

 

Hotung just declared dividend of twd3.42/share...is approx 7.5% yield base on today closing price of S$1.96 nice one!!!

 

Today [email protected] up towards its nav...jiaU

 

Give u a LIKE for yr statement- No NAV no sell😉

EQ1901      ( Date: 10-Jul-2017 13:25) Posted: The public float of this counter is small so very easy to push up. No NAV no sell

 

Cant wait for mkt to open tmr ) Hope it can resume its uptrend!

 

The public float of this counter is small so very easy to push up.

No NAV no sell 

 

Huat ah!!

$2.30 liao

 

NAV is around $3.27 so the current price is still at a steep discount.

Even if we apply a 20% discount given that most of these funds listed on SGX trade at a discount, it still comes up to $2.62.

Target price of $3.38 by UOBKH is too optimistic in my opinion. I do agree with them though there is a chance they may dual list/relist in Taiwan given the low trading volumes. 

 

Huat ah $2.10!!!
my cost was $1.75 before XD

 

So good? My profit so far already more than 100%.

SmallSmall      ( Date: 06-Jul-2017 09:09) Posted: Target $3.38 by UOB Kay Hian

 

Target $3.38 by UOB Kay Hian

 

Collected dividend today n very happy to see its uptrend intact

 

This one getting warm and interesting. Net cash position worth about $1. NAV based on subjectuve mark to market valuation about $2+. If all true very undervalued. Great dividend policy and Taiwanese management has so far been very professional with good integrity. Risk is VC market is unpredictable but Hotung held its own through good and bad times. Taiwan now relaxed ruling on VC companies listing on Taiwan Exchange. I think real possibility of dual listing or exit from SGX back to Taiwan since Hotung is arguably the most recognised VC company in Taiwan. Worth monitoring. 

Disclaimer : Just vested. Pls DYODD. Sharing for other Forumers views. My statements are based on what analysts and others have previously posted. 


 

 

Hotung continue its uptrend after xd...hope it continue to cross $2 in near future

 

More pullback should be on the way !

ahhuat08      ( Date: 17-May-2017 11:30) Posted: Div 14.3 cts today drop 18 cts, nett loss 3.7 cts, ka puiz, shd hv sold when it was 19+, really dunno how to play in this kind of mkt.

 

Div 14.3 cts

today drop 18 cts, nett loss 3.7 cts, ka puiz, shd hv sold when it was 19+, really dunno how to play in this kind of mkt.

 

Wonder how high the price for hotung will move after the coverage and recommeded buy by uobkayhian...looking forward to it
 

 

Thx. For long term I cannot understand why they list in Singapore.

monitorbird      ( Date: 15-May-2017 10:28) Posted: Proxy to Tech Boom With Solid Discount And Dividend With a solid track record of profits and dividends, HIH represents an amazing opportunity to profit from Greater China&rsquo s tech firms at 0.52x P/B through an experienced and capable manager. With strong potential for growth (fund management fee up to NT$450m), HIH is supported by insider purchases and share buybacks. A dual/re-listing in Taiwan is also possible. Initiate coverage with a BUY and S$3.38 target price based on 0.94x P/B and a 2017F dividend yield of 7.9%. Investment highlights ·   Initiate coverage with a BUY and target price of S$3.38, based on 0.94x P/B,  implying 79.1% upside. We value Hotung Investment Holdings (HIH) at S$328.9m based on 0.94x P/B, pegged to a 10% discount to its peers&rsquo average. ·   Grand Old Dame of Taiwan&rsquo s venture capitalist scene with ~30 solid years of experience and profits.  HIH boasts close to 30 years of investment experience with a leg up in deal sourcing through its rich heritage as a venture capitalist (VC) pioneer in Taiwan as well as an impressive investment team. Barring the 2008 financial crisis, HIH has built a solid track record of strong profits over the last 10 years. ·   Growth proxy to Greater China&rsquo s tech space with exposure to the hottest tech industries.  Ytd, the FTSE Taiwan tech index rose 9.9% thanks to the global tech boom. With immense investor interest in Greater China Tech and global demand for new technology forecasted to push Taiwan&rsquo s GDP growth higher, we see buoyant valuation multiples, improved earnings and ultimately greater value for HIH. ·   Focused on exits with at least one unlock targeted yearly fund management fee income up to NT$450m.  With 200 IPO listings under its belt, HIH is always on the look-out for exits and cash recycling. Management has guided a strong pipeline for 2017 and beyond and we believe that HIH should be able to execute at least one exit/value unlock every year. Meanwhile, HIH&rsquo s fund management arm has the potential to provide income of more than NT$450m p.a., a figure not inclusive of profit sharing. ·   Generous dividend yield of 7.9% for 2017-18F with share buybacks, management purchases and solid dividends records.  Over the past five years, HIH has delivered a solid dividend cumulatively averaging S$0.66/share and equivalent to a 97% payout. Backed by a pipeline of investments and exits, management has guided that this will continue and we expect a 7.9% dividend yield for 2017-18. Other than dividends, there have been share buybacks (2.24% since May 16) and insider management purchases supporting management&rsquo s confidence in HIH. ·   Undervalued at 0.52x P/B with around half of its market cap in net cash despite consistently profitable portfolio.  Despite a consistently profitable portfolio (where individual investments are typically less than 5% of total value), HIH currently trades at a deep ~45% discount to our estimated 2017F NAV of S$338.7m. Furthermore, around half of its market cap is reflected in its NT$2.14b net cash balance sheet. ·   Potential dual listing/re-list in Taiwan.  The Taiwan exchange has amended regulations that previously disallowed VCs from being listed, meaning that HIH no longer has to tolerate depressed SGX valuations. With its strong reputation in Taiwan, we opine that there is a high chance that HIH may choose to dual list/re-list there. https://research.uobkayhian.com/content_download.jsp?id=39817& h=942a764a025ebb9250882be951b58743

 

Proxy to Tech Boom With Solid Discount And Dividend

With a solid track record of profits and dividends, HIH represents an amazing opportunity to profit from Greater China&rsquo s tech firms at 0.52x P/B through an experienced and capable manager. With strong potential for growth (fund management fee up to NT$450m), HIH is supported by insider purchases and share buybacks. A dual/re-listing in Taiwan is also possible. Initiate coverage with a BUY and S$3.38 target price based on 0.94x P/B and a 2017F dividend yield of 7.9%.

Investment highlights

• ·   Initiate coverage with a BUY and target price of S$3.38, based on 0.94x P/B,  implying 79.1% upside. We value Hotung Investment Holdings (HIH) at S$328.9m based on 0.94x P/B, pegged to a 10% discount to its peers&rsquo average.
  
  ·   Grand Old Dame of Taiwan&rsquo s venture capitalist scene with ~30 solid years of experience and profits.  HIH boasts close to 30 years of investment experience with a leg up in deal sourcing through its rich heritage as a venture capitalist (VC) pioneer in Taiwan as well as an impressive investment team. Barring the 2008 financial crisis, HIH has built a solid track record of strong profits over the last 10 years.
  
  ·   Growth proxy to Greater China&rsquo s tech space with exposure to the hottest tech industries.  Ytd, the FTSE Taiwan tech index rose 9.9% thanks to the global tech boom. With immense investor interest in Greater China Tech and global demand for new technology forecasted to push Taiwan&rsquo s GDP growth higher, we see buoyant valuation multiples, improved earnings and ultimately greater value for HIH.
  
  ·   Focused on exits with at least one unlock targeted yearly fund management fee income up to NT$450m.  With 200 IPO listings under its belt, HIH is always on the look-out for exits and cash recycling. Management has guided a strong pipeline for 2017 and beyond and we believe that HIH should be able to execute at least one exit/value unlock every year. Meanwhile, HIH&rsquo s fund management arm has the potential to provide income of more than NT$450m p.a., a figure not inclusive of profit sharing.
  
  ·   Generous dividend yield of 7.9% for 2017-18F with share buybacks, management purchases and solid dividends records.  Over the past five years, HIH has delivered a solid dividend cumulatively averaging S$0.66/share and equivalent to a 97% payout. Backed by a pipeline of investments and exits, management has guided that this will continue and we expect a 7.9% dividend yield for 2017-18. Other than dividends, there have been share buybacks (2.24% since May 16) and insider management purchases supporting management&rsquo s confidence in HIH.
  
  ·   Undervalued at 0.52x P/B with around half of its market cap in net cash despite consistently profitable portfolio.  Despite a consistently profitable portfolio (where individual investments are typically less than 5% of total value), HIH currently trades at a deep ~45% discount to our estimated 2017F NAV of S$338.7m. Furthermore, around half of its market cap is reflected in its NT$2.14b net cash balance sheet.
  
  ·   Potential dual listing/re-list in Taiwan.  The Taiwan exchange has amended regulations that previously disallowed VCs from being listed, meaning that HIH no longer has to tolerate depressed SGX valuations. With its strong reputation in Taiwan, we opine that there is a high chance that HIH may choose to dual list/re-list there.
  https://research.uobkayhian.com/content_download.jsp?id=39817& h=942a764a025ebb9250882be951b58743

 

Cd coming up

 

$0.1438 as announced

Results are stable. Eps $0.073 for first qtr