hua yang present slides

7/25/2019 HUA YANG Present Slides

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FINANCIAL ANALYSIS OF HUA YANG BE


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BACKGROUND

Started in year 1978

Buit !"er 1#$%$$$ &r!&ertie'

Leadin( &r!&erty de"e!&er in a)!rda*e +!u'in(


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,ISION - .ISSION

/r!"ide a)!rda*e +!u'in( 0!r a de"e!&in( nati!n

Hua Yan( Ber+ad2' 3i''i!n i' t! e3&!4er a .aay'ian' t+eir drea3 +!3e'% t! &r!te5t and en+an5e t+e intere't !

'ta6e+!der% and t! en'ure uaity in !ur &r!du5t' and &e


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KEY EECUI,ES

an Sri Dat!2 Seri Dr in( C+e4 /e+ a' C+air3an:Inde&endent NDire5t!r% C+air3an !0 Audit C!33ittee and N!3inati!n C!33ittee

!0 Re3unerati!n C!33ittee% H! =en Yan a' C+ie0 E


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/RINCI/AL ACI,IIES

In"e't3ent +!din(

/r!&erty de"e!&3ent

/r!"i'i!n !0 3ana(e3ent 'er"i5e'


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/RINCI/AL ACI,IIES OF HE SUBSIDIARY CO./AN


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E,ALUAION OF HE INDUSRY2S CURREN SAE

An e"auati!n !0 t+e 5urrent 'tate !0 t+e 3ain:3a@!r indu'indu'trie' in 4+i5+ t+e 5!3&any !&erate'% e(% t+e 5urrent+e 3ar6et% t+e &r!'&e5t' 0!r 0uture (r!4t+% 5+aen(e' 0aindu'try


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Ha"e re"i'ed !4er t+eir 'ae' tar(et 0!r FY1 *y $ 0r!3 R.#$$$

R.$$$3

Hua Yan( i' a4are !0 t+e &un(in( 5urren5ie'% 5!a&'in( 't!56 3ar6e

de'ta*ii'in( e5!n!3ie' +a"e 5ur*ed '&endin(

Ri'6' t! Hua Yan( in5ude' 0a'ter:'!4er re(ainin( in 5!n'u3er 5!n

+i(+er:!4er &r!&erty !an re@e5ti!n rate


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/r!&erty 'ae' !0 R.83 and 0u;year di"idend !0 #$ 'en 3i''ed

e


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.ana(e3ent i' !!6in( t! aun5+ u& t! R.71$3 4!rt+ !0 &r!@e5t' ie A'teti5a GD, R.8$3% re'identia in J!+!r GD, R.$3%

GD, R.1$$$3 and /rai% /enan( GD, R.$$3

.ana(e3ent n!t (uarantee a 'i3iar di"idend &ay;!ut rati! D/R !0t+ey are !!6in( t! 3aintainin( 3!re 5a'+ 0!r 0uture and *an6in( 5+t+ey intend t! 3a6e u& t+eir GD, u& t! R.#$* re3ainin(% R.8*


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.ana(e3ent i' de5rea'in( t+eir D/R a''u3&ti!n' t! 1$ 0r!3 1

Hua Yan(2' 5urrent *en5+3ar6 i' R.#$%$$$ 0!r re'identia area' an0!r ur*an area' in +!3e &ri5e'

Hua Yan( +a' e


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+e (r!u& re5enty !*tained t+e entire &aid;u& '+are 5a&ita !0 GranSdn B+d 0!r R.#93i in January $1

Hua Yan( intend' t! de"e!& Grand ,ie42' and int! ei(+t &+a'e' !0 3de"e!&3ent% in5udin( 'e3i;deta5+ed +!3e'% '+!& !>5e' and +!3a&&r!


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A)!rda*e +!3e 'e(3ent i' t+e 3a@!r *!!'ter t! 'u&&!rt t+e Gr!u&earnin(' and &r!'&e5t'

De'&ite t+e redu5ti!n in 5a'+ di"idend% Hua Yan( +a' 5!3e u& 4it+ a!0 1 *!nu' '+are 0!r e"ery '+are' +ed a' a re4ardM 0!r it' '+are+


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HE CO./ANY2S SRAEGIC /LAN

+e 5!3&any2' 'trate(i5 &an' 0!r 'ei?in( !&&!rtunitie' and 0!r

5+aen(e' in it' indu'try

.!"in( int! FY17% 3ana(e3ent' are ai3in( R.#$$$3 4!rt+ !4+i5+ 'u&&!rted *y &anned aun5+e' !0 R.71$3 and un'!d

&r!@e5t' !0 R.7$73

Intended t! '5ae *a56 it' di"idend' t! 3aintain 3!re 5a'+ 0!r

*an6in( &ur&!'e' in t+e 0uture

Hua Yan( i' 5!ndent it' &r!@e5t' in 'ati'0a5t!ry 3anner% 4it+ t

attenti!n !n a)!rda*e +!u'in('


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HE CO./ANY2S SRAEGIC /LAN CON2D

;C!3&any t!ta di"idend' 0!r t+e nan5ia year 1't .ar5+ $1# t! 1'en +i(+er t+an t+e t!ta di"idend' &aid 0!r t+e nan5ia year $1

;Hua Yan( 4i 3aintain it' di"idend &ay!ut 0!r $1 de'&ite a de'!a'urr!unded *y 'tri5t endin( rue' and t+e in5rea'in( 5!'t !0 i"in(


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HE CO./ANY2S SRAEGIC /LAN CON2D


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HE CO./ANY2S CASH AND CASH EUI,ALEN


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HE CO./ANY2S CASH AND CASH EUI,ALEN CO

Net 5a'+ in5rea'e *y R. %%## in $1# 4+iein $1 t+e net 5a'+ in5rea'e i' R. 7%4+i5+ i' !4er t+an net 5a'+ in $1#


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HE CO./ANY2S CASH AND CASH EUI,ALEN CO

.a@!r 5a'+ !ut !4


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HE CO./ANY2S IN,ESING ACI,IIES

Hua Yan(2' In"e'tin( A5ti"itie'+e 3a@!r 5a&ita in"e't3ent !0 Hua Yan(2' 5!3&any durin( it' ate't t4! year 5an *e re0erred 0r!3 t+e ta*e 4+i5+ are and +ed 0!r &r!&erty de"e!and &ur5+a'e !0 &r!&erty% &ant and eui&3ent +e'e in"e't3ent are 0und*an6 *!rr!4in( and interna (enerated 0und'


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HE CO./ANY2S FREE CASH FLO=

=HA IS FCF FREE CASH FLO=P

A .EASURE.EN OF FINANCE /ERFOR.ANCE

HO= O CALCULAES FCFP

USING HE CO./ANY2S OCF Q CA/E FCF


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HE CO./ANY2S FREE CASH FLO= CON2D

Year 2011

RM

Net Operating

Activities

1%$9%#7

Total Investment

#%77%98

Dividend Paid %$#%$$$

Total FF

1%#%#

Year 2012

RM

Net Operating

Activities

7%$8%9

Total Investment

7#%7#%#

Dividend Paid %$7#%$$$

Total FF

#%81%9#

Year 201!

Net Operating

Activities

Total Investment

Dividend Paid

Total FF

Year 201" RM

Net Operating Activities

1%8%91

Total Investment

11%#$#%7

Dividend Paid 1%%998

Total FF

18%$1%9

Year 201#

Net Operating Activities

1$1

Total Investment

7%

Dividend Paid %

Total FF 1#%


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HE CO./ANY2S FREE CASH FLO= CON2D

Year o$ ompan%&s Free as' Flo( )FF*

Total in RM

!1sto$ Marc' 2011

1%11%77

!1sto$ Marc' 2012

$%$$%7

!1sto$ Marc' 201!

1%1#%18

!1sto$ Marc' 201"

##%#$%$1

!1sto$ Marc' 201#

7%1%1

Total Free as' Flo( in # Years

1$%9%99


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E,ALUAION ON HE CO./ANY2S LIUIDIY OF SOL


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E,ALUAION ON HE CO./ANY2S LIUIDIY OF SOLCON2D


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E,ALUAION ON HE CO./ANY2S LIUIDIY OF SOL,ENCY C


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FORECASING

201# Di+erence , 201" Di+erences ,

Reven-e

R.#8%#7%

77

R.7%8%7

1

R.#$9%89%1

R.1$1%%

1

#

.ross Pro/t

R.$$%9%

17

R.%$$%

11

$

R.1%88%9#

R.

1#%#%8

1$

Pro/t e$ore

Ta

R.1#%#1%

9#

R.1%$9$%1

$

7

R.11%1%81

R.

17%$##%77

18

Di+erences

, 2012 Di+erences , 2

Reven-e

R.1$%#8%

$$$

R.$%1%$$$ R.117%#7%$$$

R

.ross Pro/t

R.%#%$

8

$ R.1$7%89%# R. #%$7%9 9 R

Pro/t e$ore

Ta

R.%8$%$

1

R.7%#$%$$$

R. 8%%$$$ 11 R


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CALCULAION OF GRO=H

alc-lation Total Forecast 201

1* Average .ro(t' Reven-e

201!3201#

1 T

#:

#$ R.#8%#7%77

1#$

2* Average .ro(t' o$ gross

Pro/t 20113201#

$ T

1$:

1#$$ R.$$%9%17

11#$$

!* Average .ro(t' o$ .ross

Pro/t 4e$ore Ta 20113201#

7 T

18:

7#$ R.1#%#1%9#

17#$


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FORECASING

Forecast 201 Di+erence 201#

Reven-e R.7%##%#89$ R.1%97%1$ R.#8

.ross Pro/t R.1%$8#%8$$ R.$%11%$ R.

Pro/t 4e$ore ta R.19#%#1%99$ R.%199%89$ R.1#


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/ERCENAGE OF SALES .EHOD

Ca5uati!n !0 ne4 'ae' e"e and 5+an(e' in 'ae'

F!re5a't 'ae' Gr!4t+ $

Ne4 Sae' Le"e R.#8%#7%77 1$

R. 7$$%91%#$

C+an(e' in Sae' R. #8%#7%77 $

R. 11%71#%7#%$


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CALCULAION OF RNF

Total -rrent

Asset56ales

Total -rrent

lia4ilit% 5

6ales

7arnings A$ter

Ta 5

6ales

Dividends

7arnings a

RM"8890119:8 5

RM#;!9#:89!::

R. #1%%89 :

R.#8%#79%77

R.1#%#1%9# :

R.#8%#79%77

R. 1%8$%

R.1#%#1

0


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