| Author | Post |
|---|
Moolah
Forum Whacko
| Joined: | Sun Jul 9th, 2006 |
| Location: | Moo Moo Land |
| Posts: | 12809 |
| Status: |
Offline
|
| Mana: |   |
|
Posting #51: Wed May 16th, 2007 05:28 |
|
My Dearest Stockraider1,
Let's stop our discussion on this privatization issue on this Hexza posting thread as we are deviating away from the topic.
Do start another posting and I would be more than happy to share some views with you.
rgds
____________________
|
stockraider1
Forum Novice
| Joined: | Tue May 15th, 2007 |
| Location: | |
| Posts: | 525 |
| Status: |
Offline
|
| Mana: |  |
|
Posting #52: Tue Sep 11th, 2007 14:39 |
|
Latest Hexza result based on 30-6-07 indicate the cash holding of the company has grown to Rm 0.40 per share.In addition the annualised EPS is Rm 0.12 and the NTA has grown to Rm 1.20.
Based on the latest quarter the Gross margin and turnover has also grown substantially.
Tracking the international sugar price indicate the sugar price has dropped substantially this has further support the strong margin for Hexza ,which indicate a big improvement in earnings when comparing March 07 agst June 07 results.
The company has proposed gross dividend of Rm 0.0375 compare to Rm 0.02 per share a big improvement dividend payout.
Based on current mkt price of Rm 0.78 Hexza is one of the most undervalue counter with vast cash per share low p/e of 6.7 and reasonable growth rate of 10% p.a.
If we net the cash of Rm 0.40 agst the share price of Rm 0.78 the valuation P/E indicate an extreme large margin of safety in valuation with PE of 3.5 times agst mkt norm of 10-12 times
|
random
Forum Addict
| Joined: | Tue Jun 19th, 2007 |
| Location: | |
| Posts: | 508 |
| Status: |
Offline
|
| Mana: | |
|
Posting #53: Tue Sep 11th, 2007 15:42 |
|
Hexza has 2 core divisions; the resins division and the ethanol division.
The resins raw is crude oil and sells to the timber industry while the ethanol uses molasses as raw material.
Perhaps its useful to track the movement of these two raw materials to get an idea on how Hexza's cost on raw materials will be like. Can someone post some charts on crude oil prices and sugar prices? Or show me where I can get this data.
For the resins department, high crude oil prices vs possible slump in the timber industry perhaps might put a cramp on Hexza's earnings. So the increase in ethanol margin from the dropping sugar price might be offset by the resins department. We'll need to look at Hexza's earnings announcement to have a look.
Still the business is very much dictated by the cost of commodities (as the raw material). To give the management credit they have shown great business acumen to get around the issue of rising costs.
|
random
Forum Addict
| Joined: | Tue Jun 19th, 2007 |
| Location: | |
| Posts: | 508 |
| Status: |
Offline
|
| Mana: | |
|
Posting #54: Tue Sep 11th, 2007 15:50 |
|
| So my big gripe is this; if it was ignored during the timber bull run, what happens when the run ends?
|
stockraider1
Forum Novice
| Joined: | Tue May 15th, 2007 |
| Location: | |
| Posts: | 525 |
| Status: |
Offline
|
| Mana: | |
|
Posting #55: Tue Sep 11th, 2007 17:15 |
|
Actually there are 3 business segment ;
1)Resin-Raw material for plastic
2)Glue-For a raw material for plywood
3)Ethanol-For pharmaceutical,food prservation and industry cleaning agent.
a)Majority of Hexza profit come from Ethanol contributing about 75% in which raw material are sugar based products .
b)Balance 25% come from glue and resin which is petroleum based or Rm 3m to 5m profit p.a..
All the segments of Hexza are profitable but i feel the ethanol business is most important bcos this is a duopoly business with competitor Fernpro a subsidiary of Ancom however Fernpro mkt share is only about 25% to 30% of Hexza and they make about Rm 3m a year.
I remember Ancom acquired this business based on PE of 8 times a few years back.
As for investment in Hexza based on the current mkt condition most of lesser known secondary stocks, are neglected by the mkt, as a result if we approach investment on a businesslike manner we can actually picked it up at a bargain as PE less than 8 times.
This strategy is based on the basis the mkt has been neglecting those stocks as a result it is trading at a giveaway prices.
The most important issue, we must get our analysis of business valuation and long term fundamental right as we can ignore the short term price fluctuation in investment decision.
|
Moolah
Forum Whacko
| Joined: | Sun Jul 9th, 2006 |
| Location: | Moo Moo Land |
| Posts: | 12809 |
| Status: |
Offline
|
| Mana: | |
|
Posting #56: Thu Nov 29th, 2007 01:45 |
|
Hexza Corp. Bhd (3298.KU) - Malaysia
1st quarter ended Sep. 30:
Figures are in Ringgit (MYR).
2007
Revenue MYR44,423,000
Pretax Profit 8,096,000
Net Profit 6,349,000
Earnings Per Share 4.90 Sen
Dividend Omitted |
____________________
|
Moolah
Forum Whacko
| Joined: | Sun Jul 9th, 2006 |
| Location: | Moo Moo Land |
| Posts: | 12809 |
| Status: |
Offline
|
| Mana: | |
|
Posting #57: Fri May 30th, 2008 13:15 |
|
Hexza Corp. Bhd (3298.KU) - Malaysia
3rd quarter ended Mar. 31:
Figures are in Ringgit (MYR).
2008
Revenue MYR44,616,000
Pretax Profit 7,516,000
Net Profit 5,867,000
Earnings Per Share 4.50 Sen
Dividend Omitted
9 months ended Mar. 31:
Revenue 127,204,000
Pretax Profit 21,463,000
Net Profit 16,781,000
Earnings Per Share 12.80 Sen
Dividend Omitted |
____________________
|
Current time is 21:06 | Page:   1 2 3 4 5 6 |
|
