Hafary

Rich
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11 years 2 months ago - 11 years 2 months ago #13209 by Rich

Replied by Rich on topic Re:Hafary -- top today!

After 1.5 years, Hafary rewarded my friends by running from 24 cents to 39 cents. Top gainer this morning, with 20% jump to 39 cents. The interim dividend was a bumper 2.5 cent a share!Â

Last edit: 11 years 2 months ago by Rich.

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Rich
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11 years 2 months ago #13214 by Rich

Replied by Rich on topic Re:Re:Hafary -- top today!

1. UOB KH could be supporting this stock because it has 20 m new shares to place out.

2. Hafary's core business didnt make much money in 1H, it's the one-off gain from property development in Aljunied project that accounted for the gigantic bottomline gain.

3. Dividend of 2.5 cents seems to come from the one-off prop gain. On the other hand, Hafary being 90% owned by the Low family will certainly strive to keep up good dividend payouts. The track record suggests so. At the end of the day, Hafary may be a dividend yield play, rather than growth (unless their new Chinese & Viet new ventures prove to be strongly earnings positive, which they are not currently.

Good luck!

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Joes
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11 years 2 months ago #13319 by Joes

Replied by Joes on topic Re:Hafary

quite choppy earnings trend in recent years. However, the dividend has been going up.Â
Let's see what the performance is like in 2H which is from Jan-June.Â

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Joes
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11 years 1 month ago - 11 years 1 month ago #13557 by Joes

Replied by Joes on topic Re:Hafary

2.5 cent dividend coming ,,,,last day of entitlement is Monday.
Yield is 6.1% on stock price of 41 cents.

Last edit: 11 years 1 month ago by Joes.

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11 years 1 month ago #13576 by Joes

Replied by Joes on topic Re:Hafary

The volume traded was surprisingly high, as if people really sought after the shares for the dividend. FA-wise, I have a question in my mind: What is the profit level from Hafary's tile supplies to the booming HDB projects? It has just started delivery, and I am not seeing big impact in the July-Dec 2012 period. Anyway, I quote from the official statement:

"The Group has secured orders of surfacing materials for use in a considerable number of HDB residential estate
development. During FY2013, the Group is expected to commence deliveries of these secured orders. These deliveries are expected to contribute positively to the Group."