Hua Yang to launch The Alder Residences in Johor with RM70m GDV

KUALA LUMPUR (APRIL 18): HUA YANG BHD [] will be soft launching its latest green lifestyle development – The Alder Residences at Taman Pulai Hijauan, Johor on April 22.

In a statement Wednesday, Hua Yang said The Alder Residences, with a gross development value (GDV) of RM70 million, was the first phase of the RM380 million Gross Development Value (“GDV”) township.

Taman Pulai Hijauan is Hua Yang’s second township development in Johor after Taman Pulai Indah with a total GDV of RM818 million.

Hua Yang said the 140 acres Taman Pulai Hijauan was located at Skudai, 20 minutes from Johor Bahru and within close proximity to Universiti Teknologi Malaysia, Senai International Airport and the second link to Singapore.

“The Alder Residences will be affordably priced from RM250,000 onwards catering to the middle income segment and proves that better living does not necessarily come at a premium,” it said.

Residents can look forward to spacious homes consisting of four bedrooms and three bathrooms, with large built-ups from 1,834 square feet. The Alder Residences will also be gated and guarded to provide better safety and security for residents.

“Homeowners will find the contemporary designs and various features appealing. Among these include high ceilings to maximise usage of space and skylight windows to allow natural sunlight into the home.

Hua Yang’s Johor Bahru branch manager Soo Kim Hiang said the company’s had also undertaken extensive landscaping to reflect a greener and natural environment.

“The Alder Residences is ideal for young couples looking to raise a family, first-time homebuyers and up-graders looking for something better that is still affordably priced,” he said.

Hua Yang said that overall, 849 units of double storey terrace, cluster and semi-detached homes will be developed in stages at Taman Pulai Hijauan.

There are also plans for shop-houses and commercial developments as well as various community amenities and facilities, it said.

The company said the Alder Residences will be soft launched to the public this Sunday, April 22.

It said buyers who place bookings during this period would receive a RM5,000 cash voucher while only paying RM500 as an initial commitment.

“In line with the “Go Green” concept, the soft launch activities include: plant adoption, children colouring contest and for the first time ever, a Digital 3D Mapping Show, where show units will actually “come to life” with exciting graphic imaging, it said.

For more information, kindly contact: 07-5591388 or visit: www.huayang.com.my for further details.



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Stocks to Watch LPI, Hong Leong, Guan Chong, Silk

KUALA LUMPUR (April 9): Malaysian shares could see further correction on Tuesday against a backdrop of less-optimistic global economic data. Crucial highlights include the still-weak job market in the US, besides China's inflation growth of 3.6% in March.

China's latest inflation numbers, which came in higher than street estimates, have prompted the anticipation that policymakers will delay monetary loosening to spur the world's second largest economy.

Analysts said Malaysia's FBM KLCI may see sideway consolidation with downward bias, due to global economic concerns.

"Domestically, any correction in the benchmark index is expected to be shallow, with domestic factors holding up the market until the dissolution of the parliament paves way for the next general election," TA Securities Holdings Bhd wrote in a note.

On Monday, the FBM KLCI fell 7.59 points to close at 1,591.28, while US equity futures declined on global economic growth concerns. The S&P 500 futures fell some 1% while the Dow Jones Industrial Average futures was down 0.9%, an indication that US stock markets could decline when markets open.

Stocks to watch on Tuesday include LPI CAPITAL BHD [], HONG LEONG BANK BHD [], GUAN CHONG BHD [], HUA YANG BHD [], Silk Holdings Bhd.

LPI's net profit fell 19% in the first quarter ended March 31, 2012 from a year earlier, as the general insurer's contractual liabilities, lower investment income, and higher operating expenses offset a higher revenue. In a statement to the exchange on Monday, LPI said its net profit during the quarter came to RM31.48 million against RM38.63 million previously. Revenue rose 15% to RM246.06 million from RM213.33 million .

The Securities Commission has approved Hong Leong's plan to issue up to US$1.5 billion (RM4.61 billion) worth of bonds to finance its working capital needs.

Cocoa processor Guan Chong plans to undertake a secondary listing on the Singapore bourse. The firm also plans to reward shareholders with a bonus issue of new shares.

TA Securities has upgraded Hua Yang, a property developer, to a "buy" from "hold" with a target price of RM1.68.

PETROFAC (M) Ltd has extended its anchor handling tug supply vessel contract with Silk in a deal worth RM10.77 million. The company said the contract extension was expected to contribute positively to its earnings for the financial years ending July 31, 2012 and 2013.



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Hua Yang rises on firm 3Q earnings

KUALA LUMPUR (Jan 19): HUA YANG BHD [] shares advanced in early trade on Thursday after its earnings jumped 90% to RM14.57 million in the third quarter ended Dec 31, 2011 from RM7.68 million a year ago underpinned by better sales of its homes.

At 9.15am, Hua Yang added five sen to RM1.35 with 778,000 shares traded.

Its revenue rose 70.8% to RM84.25 million from RM49.30 million while earnings per share were 10.12 sen versus 5.33 sen.



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Hua Yang rises after income almost doubled

Hua Yang Bhd, a Malaysian property developer, surged to a record in Kuala Lumpur trading after third-quarter net income almost doubled to RM14.6 million.

The stock gained 4.6 per cent to RM1.36 at 9:01 a.m. local time. -- Bloomberg



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Stocks to watch: Hua Yang, HELP, Pantech, Country View

KUALA LUMPUR (Jan 19): Stocks which could see trading interest on Thursday include HUA YANG BHD [], HELP INTERNATIONAL CORPORATION [] Bhd, PANTECH GROUP HOLDINGS BHD [] and COUNTRY VIEW BHD [].

Hua Yang Bhd’s earnings jumped 90% to RM14.57 million in the third quarter ended Dec 31, 2011 from RM7.68 million a year ago underpinned by better sales of its homes. Its revenue rose 70.8% to RM84.25 million from RM49.30 million while earnings per share were 10.12 sen versus 5.33 sen.

HELP is expanding its education business to set up a private primary and secondary international school.

It is investing RM20 million to set up the school on a seven acre site in Subang with the capacity to cater for more than 3,000 students. The first phase will open in September 2012 with an initial intake of 500 to 600 students.

Steel pipes and fittings manufacturer Pantech posted net profit of RM10.34 million in the third quarter ended Nov 30, 2011, an increase of 69.5% from RM6.09 million a year ago.

Its revenue increased 49.3% to RM112.65 million from RM75.43 million. Earnings per share were 2.29 sen compared with 1.36 sen. It declared a special interim single tier dividend of 1.2 sen per 20 sen share.

Country View swung into the black for the financial year ended Nov 30, 2011, posting net profit of RM7.43 million compared with net loss of RM8.19 million in FY10, boosted by higher sales from its residential PROPERTIES [] and shop-offices.

Its revenue surged 314% to RM96.29 million from RM23.26 million. At the profit before tax level, it was RM11.50 million compared loss before tax of RM8.5 million.

In the fourth quarter ended Nov 30, 2011, it posted net profit of RM4.72 million compared with net loss of RM1.72 million a year ago.



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Hua Yang 3Q earnings up 90% to RM14.57m, unbilled sales at RM505m

KUALA LUMPUR (Jan 18): HUA YANG BHD []’s earnings jumped 90% to RM14.57 million in the third quarter ended Dec 31, 2011 from RM7.68 million a year ago underpinned by better sales of its homes. It also recorded unbilled sales of RM505 million.

It said on Wednesday its revenue rose 70.8% to RM84.25 million from RM49.30 million while earnings per share were 10.12 sen versus 5.33 sen.

Chief financial officer, May Chan said total sales achieved for the third quarter was RM175 million, an increase of 141% from a year ago.

For the nine-month period, the property company chalked up strong growth in earnings and revenue.

Its earnings rose 136% to RM39.94 million from RM16.90 million in the previous corresponding period while its revenue increased 81.8% to RM222.13 million from RM122.15 million.

Chan said the strong financial performance was due to better sales achieved for phases under development and steady recognition of CONSTRUCTION [] progress. There was a strong demand for its projects nationwide, she added.

“Our homes in the Klang Valley, Ipoh and Johor have received positive response from the mass, middle-income segment consisting of first-time homebuyers and up-graders. The My First Home Scheme (MFHS) has also contributed to sales, particularly for our projects outside of the Klang Valley,” she said.

Cumulative sales for the period stood at RM451 million, surpassed the sales of RM310 million in FY ended March 31, 2011.

“With unbilled sales for the financial quarter standing at approximately RM505 million, we are confident of improved earnings visibility for the group going forward. We will continue to strive for a stronger finish in our next financial quarter,” said Chan.



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Hua Yang to offer more affordable houses

Hua Yang Bhd's biggest lakeside township development in Perak, Bandar Universiti Seri Iskandar, will be offering more affordable houses by building 137 units of the Tropika and Casa Series, which are essentially double-storey terrace houses.

"There will also be the Seri Idaman and Seri Andaman series, priced from RM130,000 with each unit spanning 74.4 sq m.

"Overall, a total of 909 units will be built," said chief executive officer Ho Wen Yan in a statement today.

The company will also launch 123 units of retail shops with a pedestrian mall concept adjacent to the Tesco Superstore in 2012, and will build more commercial shop lots priced from RM450,000.

Spanning over 335.2 ha, the township, the group's biggest township project by area, will contribute about 30 per cent of the entire group's earnings next year and will allow Hua Yang to develop the total area in parcels over the next eight years.

The company today received the arrival of a Tesco Superstore, which is set to boost sales and mark the arrival of other retail vendors.

Strategically located at OneBU@Seri Iskandar, the township's lifestyle and business hub, Tesco's main footage will attract families and individuals to visit the township for groceries, fresh foods and household needs, Ho said.

He said Tesco will cater to the rapidly growing population, which now stands at 10,000. "We have seen brisk sales with our latest phases of the Selinsing and Lily series fully sold out," he said.

Two hundred units of the Bandar Universiti Business Centre (BUBC) series of commercial shop lots have been snapped up by operators leveraging on the growing student population.

The company said to date, it had achieved a good sales take-up rate of 85 per cent. -- Bernama



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KL bourse expected to show upside resilience

Lower liner property counters like Hua Yang, Mah Sing and UOA Development should enjoy gains in the immediate term, given their strong upside bias, says a head of research

Shares on Bursa Malaysia climbed last week, lifting the blue-chip benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) to a two-month high on external strength following better-than-expected economic data and positive outcome from the EU finance ministers' summit on October 26.

The expansion of the euro-zone bailout fund to €1 trillion, agreement by bondholders to take a 50 per cent haircut on Greek debt and robust US economic growth collectively boosted global equities, due to relief over the decisive action taken by EU leaders to prevent a debt contagion.

Subsequently, the FBM KLCI surged 42.99 points, or 3 per cent to end the week at 1,481.82, with Genting Bhd (+85 sen), Tenaga (+40 sen), Sime Darby (+35 sen), CIMB (+27sen) and Petronas Chemical (+40 sen) contributing to 60 per cent of the index's rise.

The average daily traded volume and value increased marginally to 1.486 billion shares and RM1.77 billion respectively, compared with the 1.478 billion shares and RM1.32 billion average the previous week, as trading momentum focused on lower liner penny stocks while blue chips showed slowdown in buying interest.

Agreement on affirmative actions to resolve the euro debt crisis and the fact that the US gross domesticproduct (GDP) grew at a stronger 2.5 per cent annual rate in the third quarter compared to a mild 1.3 per cent expansion a quarter earlier allayed concerns about a double dip the US and raised appetite for risky assets last week.

Raising the bailout amount to €1 billion will provide more clout to deal with the recapitalisation of European banks while the 50 per cent haircut will provide Greece more breathing space to manoeuvre itself out from under the debt crisis.

Nevertheless, it is yet to be seen how these eurozone countries will contribute to the bailout fund without affecting their credit ratings with countries like Italy forced to pay a higher interest (indicating rising default risk) in a recent bond auction that underperformed expectations.

This is an important week as more details on the Euro bailout measures are expected to emerge after the meeting of Group 20 leaders in Cannes, France this Thursday and Friday.

There are also expectations that the US Federal Reserve will reveal more hints about the third quantitative easing when it meets over the next two days. It is unlikely for the central bank to launch a third quantitative easing (QE) in the immediate term with unwavering recent economic data and the absence of deflationary pressure.

The ISM manufacturing, factory orders, non-farm payrolls and unemployment data that will be released this week could shed more clues on US Fed's next action in coming months.

On the home front, the index, in the absence of any negative news externally, may continue to chalk some gains early this week albeit at a slower pace before consolidation sets in later as short-term technical indicators have turned increasingly overbought. Rotational plays into lower liners are expected to continue with many small cap plays in the construction, property, consumer and oil & gas sectors trading at attractive valuations.

Oil & Gas sector deserves a special mention with Petronas indicating 22 marginal fields are available for development and it is giving free hands to interested oil & gas players to submit proposals by 1Q2012 before awarding them in the next three months.

The merger between SapuraCrest and Kencana place them in a stronger footing to bid for more contracts in the future and undoubtedly both these stocks are trading at undemanding valuations. Petronas' admission would lead to more M&A activities in the sector where smaller players, which are trading at a single digit forward price-to-earnings ratio, will be forced to consolidate and improve their competitiveness.

Technical outlook
Spot month October KLCI futures contract traded on Bursa Malaysia Derivatives Berhad was up a huge 47.5 points week-on-week to 1,476.5, reducing to a 5.32-point discount to the cash index, compared to the large 9.83-point discount the previous Friday.

The local stock market climbed on Monday, copying regional strength on stronger-than-expected economic data from China and Japan and after European leaders moved closer to overhaul the region's sovereign debt crisis.

The key index gained 11.19 points to settle at 1,450.02, off an opening low of 1,449.10 and early high of 1,462.06. Stocks fell into profit-taking congestion mode the next day as investors stayed sidelined ahead of the Deepavali holiday break and await the conclusion of the EU finance ministers' summit on October 26.

Still, the FBM KLCI ended up 7.78 points at the day's high of 1,457.8 due to late spurts on select index heavyweights, and off a low of 1,448.12.

The local market rose on Thursday along with strong regional gains on hopes China may soon ease monetary policy to support economic growth and on reports European leaders have agreed on writing down Greek's debt.

The index rose 13.13 points to settle at 1,470.93, off a high of 1,474.27, on robust volume totaling 1.88 billion shares worth RM2.41 billion.

The market extended gains ahead of the weekend, fueled by the strong overnight rally on US and European markets following the expansion of the euro-zone bailout fund to ?1 trillion and robust US economic growth.

The index added 10.89 points to end the week at 1,481.82, off an early high of 1,488.2 and low of 1,478.15, as gainers edged losers by 470 to 338 on strong turnover of 1.88 billion shares worth RM2.3 billion.

Trading range for the FBM KLCI was 40.08 points last week, compared with the 94.3-point range the previous week caused by the sharp intra-day dip to extreme low of 1,371, due to late programme selling from a foreign broker the previous Friday.

For the week, the FBM-EMAS Index advanced 310.41 points to 10,117.36, while the FBM-Small Cap Index climbed 318.19 points to 11,501.27, as lower liners in the construction, oil & gas and property sectors rallied to outperform the broader market.

The daily slow stochastics indicator for the FBM KLCI reissued a buy signal at the overbought zone early last week, confirming the buy signal from the oversold region on the weekly indicator.

The 14-day Relative Strength Index (RSI) indicator climbed higher to above the 60-point mark, while the 14-week RSI listed a positive reading just above 50.

Meantime, the daily Moving Average Convergence Divergence (MACD) trend indicator's signal line extended higher above the zero line to reinforce a bullish trend, while the weekly MACD signal line continued hooking up to suggest more upward momentum.

The 14-day Directional Movement Index (DMI) trend indicator will see the -DI line crossing back below the +DI line to trigger a buy signal on further strength, but the ADX line continued inching lower, confirming a trendless market.

Conclusion
Given the further improvement on momentum and trend indicators for the benchmark index, the local stock market should show upside resilience this week, even as short-term momentum becomes more overbought.

As such, profit-taking dips are likely to be shallow as investors should be more confident to return and bargain stocks, especially those in the construction, property and oil & gas sectors which have suffered losses in recent weeks.

Moreover, improvement on the eurozone debt situation following the decisive action taken by EU leaders to boost its rescue fund to €1 trillion as bondholders agreed to a relatively mild 50 per cent haircut on Greek debt, as well as stronger-than-expected US and Chinese economic data, should combine to boost sentiment further.

Hence, blue chips such as CIMB, Gamuda, Genting Bhd, RHB Capital and MMHE at current levels are good to accumulate for further upside potential in the medium term, while lower liner property counters like Hua Yang, Mah Sing and UOA Development should enjoy gains in the immediate term, given the strong upside bias after stock prices have been heavily and unfairly sold down in recent weeks.

On the other hand, investors should look to take profit or sell AirAsia and Supermax, since both register overbought RSI reading of above 70.

On the index, immediate resistance comes from 1,488, the 61.8per cent Fibonacci Retracement (FR) of the sell-off from the 1,597 record high of July 11 to the recent pivot low of 1,310 on September 26, matching last Friday's high.

A breakout going forward would see stronger resistance from the 100-day and 200-day moving averages at 1,495 and 1,512 respectively, being challenged, while the 76.4 per cent FR at 1,529 would act as a formidable upside barrier.

Immediate support on profit-taking dips will be at 1,454, the 50 per cent FR, with better retracement support at 1,420, the 38.2 per cent FR, followed by 1,400 and then 1,378, the 23.6 per cent FR.

The subject expressed above is based purely on technical analysis and opinions of the writer. It is not a solicitation to buy or sell.

Hua Yang rises on strong 2Q earnings

KUALA LUMPUR: HUA YANG BHD [] shares advanced on Thursday, Oct 20 after the company’s net profit for the second quarter ended Sept 30, 2011 surged to RM13.89 million from RM4.31 million a year earlier, due mainly to steady CONSTRUCTION [] progress and better sales.

At 9.20am, Hua Yang added four sen to RM1.64 with 670,800 shares traded.

Its revenue for the quarter more than doubled to RM76.13 million from RM35.63 million in 2010.

Reviewing its performance, Hua Yang said the sales achieved during the quarter under revised was 119% higher year-on-year with total unbilled sales of RM395.24 million, giving it improved earnings visibility in the remaining period of FY2012.

Stocks to watch: Kencana, Bursa, Hua Yang, Hai-O, Bonia

KUALA LUMPUR: Trading on Bursa Malaysia on Thursday, Oct 20 could see some downside pressure after stocks on Wall Street fell overnight on worries that Europe remains far from a solution to its debt crisis.

The Dow Jones industrial average shed 75.49 points, or 0.65 percent, at 11,501.56. The Standard & Poor's 500 Index fell 15.63 points, or 1.28 percent, at 1,209.75. The Nasdaq Composite Index was down 54.41 points, or 2.05 percent, at 2,603.02.

On Wednesday, several Asian markets slipped into the red yesterday after Hong Kong's government said it expects economic growth in the territory to be affected by weaker exports, with gross domestic product anticipated to grow at lower end of its own forecast range.

On Bursa Malaysia, among the stocks that could be in focus are KENCANA PETROLEUM BHD [], JCY International Bhd, BURSA MALAYSIA BHD [], HUA YANG BHD [], HAI-O ENTERPRISE BHD [], BONIA CORPORATION BHD [] and AT SYSTEMATIZATION BHD [].

The Edge FinancialDaily reports Kencana is in talks to acquire more than 130 acres (52ha) of land adjacent to its fabrication yard in Lumut, Perak, sources said.

It also reported Malaysia’s country's largest listed hard disk drive component maker by market capitalisation, JCY International Bhd, chalked up impressive gains on Bursa Malaysia yesterday with its share price rising 12.5 sen or 27.5% to close at 58 sen.

Bursa Malaysia’s net profit for the third quarter ended Sept 30, 2011 rose 39.37% to RM38.61 million from RM27.71 million a year earlier, driven mainly by higher revenue, but it was cautious on the outlook on concerns of further downside risk.

Revenue for the quarter increased by 23.68% to RM107.31 million from RM86.76 million in 2010. Earnings per share were 7.30 sen compared to 5.20 sen in 2010, while net assets per share was RM1.56.

For the nine months ended Sept 30, Bursa’s net profit rose to RM114.82 million from RM83.26 million in 2010, on the back of a 25% increase in revenue to RM324.47 million from RM259.14 million a year earlier.

Hua Yang’s net profit for the second quarter ended Sept 30, 2011 surged to RM13.89 million from RM4.31 million a year earlier, due mainly to steady CONSTRUCTION [] progress and better sales.

Its revenue for the quarter more than doubled to RM76.13 million from RM35.63 million in 2010.

Reviewing its performance, Hua Yang said the sales achieved during the quarter under revised was 119% higher year-on-year with total unbilled sales of RM395.24 million, giving it improved earnings visibility in the remaining period of FY2012.

Meanwhile, Hai-O Enterprise is expecting to see higher profits for FY2012, on the back of improving sales for its consumable products, said its co-founder and group managing director Tan Kai Hee.

He said the multi-level marketing (MLM) group was now focusing on marketing its consumable products such as health supplements and herbs which had higher margins and ensure repeated sales for recurring income.

He said Hai-O’s profit for FY2011 ended April 30 had fallen 60% due to the implementation of the new Direct Sales Act by the government in April 2010.

Bonia is acquiring PROPERTIES [] in Cheras for RM44.29 million for its expansion plans and to reduce rental expense.

Its unit Luxury Parade Sdn Bhd had entered into 15 sale and purchase agreements with Platinum Starhill Sdn Bhd to acquire freehold units in two blocks in Cheras.

ACE Market-listed AT Systematization became the latest casualty of Thailand’s flood casualty, after its wholly-owned subsidiary, Automation TECHNOLOGY [] Systematization Industries Limited (ATSi) temporarily closed its operations there.

ATSi procures design and assembles automatic machines according to purchase orders.

AT Systematization said ATSi had shut down the manufacturing operations from Oct 13 due to the unexpected severe floods in Thailand.

Hua Yang 2Q net profit surges to RM13.89 million

KUALA LUMPUR: HUA YANG BHD net profit for the second quarter ended Sept 30, 2011 surged to RM13.89 million from RM4.31 million a year earlier, due mainly to steady CONSTRUCTION [] progress and better sales.

The company said on Wednesday, Oct 19 that its revenue for the quarter more than doubled to RM76.13 million from RM35.63 million in 2010.

Earnings per share jumped to 12.87 sen from 3.99 sen in 2010, while net assets per share was RM2.23.

For the six months ended Sept 30, Hua Yang’s Net profit rose to RM25.38 million from RM9.22 million in 2010, while revenue surged to RM137.88 million from RM72.85 million.

Reviewing its performance, Hua Yang said the sales achieved during the quarter under revised was 119% higher year-on-year with total unbilled sales of RM395.24 million, giving it improved earnings visibility in the remaining period of FY2012.

On its current year prospects, Hua Yang said that with the steady growth, strong demand and sales for the six months of FY2012, the company was optimistic of posting improved results for the remaining period of the year.