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Close near 1.93 All time high
Very positive
Could be due to CD soon or good results expected
Actually NT$3.1 = SGD$0.144 based on 21.4 exchange rate
Based on $1.905= Yield is now 7.5%
CD status not out yet
So yes.. u r in time
c3_jail ( Date: 09-May-2017 23:49) Posted:
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Congrats guys...
Those who bought the dip will be happy
If we buy now , will it be too late to enjoy the dividend?
rayoflight ( Date: 08-May-2017 15:32) Posted:
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Reversal lai le..
See u @ $2
.07 to 1.88. Amazing
Actually NT$3.1 = SGD$0.144 based on 21.4 exchange rate
Based on $1.845 = Yield is now 7.8%
Awaiting for results..
And SGD$0.13 div end of month
CD status will come on usually after 1QTR results which is est a few days
Yes, certainly. The number of total outstanding issued shares have decreased over the years which consists of share buy backs and including that of the share consolidation in 2015. The instances of share buy back are reflected in their cashflows statements. The share buy backs have created value for shareholders but at the same time probably painted a more rosy picture of the company than it seems. However, a caveat is to note that share buy backs can also be a form of financial engineering whereby share buy backs can help to artifically boost up the earnings per share and dividends per share which gives a far rosy picture of a company even while its fundamentals have not improved or even have been on a gradual decline over the years. Share buy backs are generally good, but even more so better for a company whose fundamentals are really growing well instead of being stagnant or slowly declining.
bluekelah ( Date: 04-May-2017 00:07) Posted:
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lady boss slowly collecting lah and do SBB when stock price is low.
This is a play on greater china businesses, now China proeprty clampdown cause everything downturn, Hotung will back to $1.30 soon.
I have briefly looked at some of Hotung' s past financial statements. Here are a few discoveries and my views. Firstly, I focused on its total assets comparing over a five year period from 2011 to 2016. Its total assets have grown from 2011 (~NT$7b) to 2016 (~NT$7.5b). This is around 7% growth in total assets over a period of five years. We need to compare this growth to other investment companies in Taiwan to get a good grasp on whether Hotung has shown good growth in its total assets over a 5 year period as compared to its peers/ competitors.
The reason why I focus on their total assets is because as a venture capital investment group, they must grow their investment assets under management through time and this will be shown in their growth of total assets. If they do not do so, then they are not making progress in their venture capital investment businesses. So far, at least they have grown by 7% in their total assets over a 5 year period. Whether this is good or not, I leave it to one' s further research?
Secondly, I looked at their profits and losses over this 5 years period. I noticed that some years they registered comprehensive losses and some years comprehensive profits attributable to shareholders. Thus, it is not that their venture capital investment business always will register profits. In their businesses, there is still some fair amount of risks as shown by their losses incurred for some years.
Thirdly, another item on their balance sheet drew my attention which is their accumulated losses in their balance sheet. In 2011, their accumulated losses carried on their balance sheet was (~NT$985m). In 2016, their accumulated losses carried on their balance sheet was (~NT$994m). From this, I can tell that even though their total assets have grown slightly by 7%, they are still accumulating losses which have not improved over the past 5 years.
Fourthly, they do not carry any debts on their balance sheet for the past 5 years which is a plus. So, they have no danger of high amount of debts to settle and they can focus on making sure their venture capital investing businesses can continue to be profitable.
Lastly, I noticed that their dividends paid to shareholders over the past 5 years can fluctuate by a fair amount each year. In 2011, they paid ~NT$499m dividends. In 2012, they paid ~NT$269m dividends. This is close to 50% reduction in dividends paid from 2011 to 2012. In 2015, they paid ~NT$257m. In 2016, they paid ~NT$400m dividends. This is around 56% increase in dividends paid from 2015 to 2016.
I dug out from an online source (as I was not able to get their financial report for 2007 which was arcane) their dividends paid to shareholders in 2007 was ~NT$305m . Thus, I was also not able to know their total assets they carried in their balance sheet in 2007. But if their total assets carried on balance sheet had been smaller in 2007, then this raises an interesting question and an important one. Assuming if Hotung has grown its total assets over the past 10 years from 2007, then why has its dividends paid to shareholders not seem to grow much and keep fluctuating between around NT$250m to NT$500m with some later years of dividends even on par or underperforming that of a good number of years back?
In conclusion, I leave the readers to do your further research and form your independent opinions on Hotung Investment Group. Hotung did a share consolidation of 1-for-10 in 2015. That is why its share price has increased. The share price increase was not necessarily due to an improvement in fundamentals as I have shown some research on Hotung that raises questions for one' s further consideration on their venture capital investment business performance so far.
nqing87 ( Date: 13-Apr-2017 18:57) Posted:
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Results will be out next week approximate on 10th May?
Any chance for good results?
1.845 now.. div is SGD0.13.. so yield is abt 7%
Delist la... Delist...
Dont waste time in SGX.. List for 10 20years liao still the same
Holding on to this and riding the uptrend..
buy the dips...
Hotung is on the uptrend since rhb give it a buy target of S$2
Wonder if it will hit the target this trading week )
Okay,... bro,...
HVRRVH ( Date: 23-Apr-2017 14:29) Posted:
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Other than Reit, most companies make the payout once or twice per year. I think shouldn't be a major factor to decide investing or not. I already like this stock before it underwent share consolidation. It's very illiquid so not recommending to have big holdings. Just like 800 Super.
chengwh1 ( Date: 23-Apr-2017 10:39) Posted:
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Once-a-year payout - is it attractive when there are so many co' s out there giving 4x a year payout ? If, say,... that yearly payout suddenly drops, there might be a heavy selldown. It would be too late for Retail investors re-act !
Hit a high of 1.815 !!! CHEERS!!!