$HAPSENG (3034.MY)$When investors lost confidence, it's time for the company's stock buyback policy to be invoked to restore confidence in the stock otherwise just let the stock rot.
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jbA2
:
The company's boss no longer cares, from 10 yuan to now.
Michael Fong
OP
jbA2
:
If he does'nt care about decline of share price, he is silly because he is more affected than us. If price continue to drop as an owner who owns a lot more shares than us his wealth will shrink and shrink.
$HAPSENG (3034.MY)$On 10/12(i.e. ex-date), HapSeng stood at RM3.71 down 20cts from RM3.91 on eve of ex-date. Today(i.e.16/12), HapSeng is RM3.57 only which means it's down by 34cts since 9/12. Investors would have been better off had they sold it off on last day before ex-dividend date thus forgoing the dividends than to hold on for these dividends which are just peanuts.
$HAPSENG (3034.MY)$The day before ex-dividend date closing price was RM3.91 but today is RM3.71 only. HapSeng gave you 10cts as dividend but price reduced by 20cts now which means you actually don't get any dividend yet still lost 10cts
$HAPSENG (3034.MY)$HapSeng must rebound to RM3.91(i.e.yesterday's closing price) otherwise investors are not getting full 10cts dividend after ex-dividend.
I bought$HAPSENG (3034.MY)$right when I stated my investment journey just going by it's dividend yield (back then, I didn't apply TA and FA, now I do). It did not recover after the price crash in 2023, and there is a lack of interest in this share looking at the trading volume. Why? It's a very diversified business for a mid-cap company. But 3 out of the top.4 business segments suffered losses in 2023 - Plantation, Auto, and tTading. Growth cam from Building M...
Although it is a diversified group, I would consider Hap Seng predominantly a property company as about 70% of its net assets were deployed for the property segment. The past decade has been tough for Hap Seng. For many years, it had to rely on sales of land and/or other assets to maintain the contribution from the property segment. Despite this its ROE had declined from an average of 19% in 2014/15 to an average of 11% in 2022/23. I would ...
jbA2 : The company's boss no longer cares, from 10 yuan to now.
Michael Fong OP jbA2 : If he does'nt care about decline of share price, he is silly because he is more affected than us. If price continue to drop as an owner who owns a lot more shares than us his wealth will shrink and shrink.
jbA2 Michael Fong OP : 对真正的有钱人来说,钱没意义。该买都都买了,饭吃太多又会糖尿病。不然怎么会10块跌到3块。