$HUI XIAN REIT (87001.HK)$$Yanlord Land (Z25.SG)$$HongkongLa...
Yanlord has effectively doubled its price from the lows while HK Land is still moving up.
Hui Xian Reit has a long way up from current price on improving operating metrics and lower vacancies
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I like to identify cheap stocks which is under the radar for SIGNIFICANT UPSIDE and Gains
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524773 : hui Xian latest DPU is very low. is it low only because they decided to use the money to pay off higher interest bearing debt or is it there is an actual problem? if it is the former can we expect to see at least similar DPU to previous FY ?
ValueBull OP : yeap, if you noticed that DPU decline was because of management decision to reduce aggregate leverage.
going forward, DPU will be progressively restored now that rate cuts has been priced in
ValueBull OP : hui Xian gearing is now 17% based on lower property valuation. the gearing ratio will go lower now that capital values are going higher as a result of PBOC efforts to stimulate the property sector
524773 ValueBull OP : thanks bro, I didn't have much time to cover this counter so your views is very useful to me. I guess I can assume a DPU of 0.035 for next year (with upside potential due to lower interest rate, part of debt paid off in previous period and improved operating matrix) in deciding whether I should be putting my money in this counter.. in a nutshell like this?
ValueBull OP 524773 : and also the P/B is 0.23 with no rights issue done since IPO and the China ministry of finance is the 2nd largest shareholder
524773 ValueBull OP : thanks for the idea. worth a slot in my shortlist
524773 : si fu, I did a bit of calculations (crude one) the current NPI is 665. the previous corresponding period is 700. last period dpu is 0.0348. assuming the prepayment doesn't take place we can sorta expect 665/700* 0.0348 dpu in rmb. since this is half yearly..the full year rmb dpu is about 2* 665/700* 0.0348 = 0.06612rmb or 0.073 hkd. current price of share is 0.59hkd. current yield should be somewhere around 12.3% +/- financing cost which should drop going forward etc... ?
524773 : ah actually I can just assume the 159m RMB loss didn't take place, pro rata and I got 0.062 DPU. a still decent 10% yield. since this is the worst interest rate already.going forward it is going to be even better. juicy
ValueBull OP 524773 : share price is in RMB so the yield should be 11.1%
524773 : oh ok thanks... then got to trade in RMB if want to play liao..
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