hua yang present slides
TRANSCRIPT
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FINANCIAL ANALYSIS OF HUA YANG BE
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BACKGROUND
Started in year 1978
Buit !"er 1#$%$$$ &r!&ertie'
Leadin( &r!&erty de"e!&er in a)!rda*e +!u'in(
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,ISION - .ISSION
/r!"ide a)!rda*e +!u'in( 0!r a de"e!&in( nati!n
Hua Yan( Ber+ad2' 3i''i!n i' t! e3&!4er a .aay'ian' t+eir drea3 +!3e'% t! &r!te5t and en+an5e t+e intere't !
'ta6e+!der% and t! en'ure uaity in !ur &r!du5t' and &e
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KEY EECUI,ES
an Sri Dat!2 Seri Dr in( C+e4 /e+ a' C+air3an:Inde&endent NDire5t!r% C+air3an !0 Audit C!33ittee and N!3inati!n C!33ittee
!0 Re3unerati!n C!33ittee% H! =en Yan a' C+ie0 E
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/RINCI/AL ACI,IIES
In"e't3ent +!din(
/r!&erty de"e!&3ent
/r!"i'i!n !0 3ana(e3ent 'er"i5e'
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/RINCI/AL ACI,IIES OF HE SUBSIDIARY CO./AN
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E,ALUAION OF HE INDUSRY2S CURREN SAE
An e"auati!n !0 t+e 5urrent 'tate !0 t+e 3ain:3a@!r indu'indu'trie' in 4+i5+ t+e 5!3&any !&erate'% e(% t+e 5urrent+e 3ar6et% t+e &r!'&e5t' 0!r 0uture (r!4t+% 5+aen(e' 0aindu'try
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E,ALUAION OF HE INDUSRY2S CURREN SAE
Ha"e re"i'ed !4er t+eir 'ae' tar(et 0!r FY1 *y $ 0r!3 R.#$$$
R.$$$3
Hua Yan( i' a4are !0 t+e &un(in( 5urren5ie'% 5!a&'in( 't!56 3ar6e
de'ta*ii'in( e5!n!3ie' +a"e 5ur*ed '&endin(
Ri'6' t! Hua Yan( in5ude' 0a'ter:'!4er re(ainin( in 5!n'u3er 5!n
+i(+er:!4er &r!&erty !an re@e5ti!n rate
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E,ALUAION OF HE INDUSRY2S CURREN SAE
/r!&erty 'ae' !0 R.83 and 0u;year di"idend !0 #$ 'en 3i''ed
e
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E,ALUAION OF HE INDUSRY2S CURREN SAE
.ana(e3ent i' !!6in( t! aun5+ u& t! R.71$3 4!rt+ !0 &r!@e5t' ie A'teti5a GD, R.8$3% re'identia in J!+!r GD, R.$3%
GD, R.1$$$3 and /rai% /enan( GD, R.$$3
.ana(e3ent n!t (uarantee a 'i3iar di"idend &ay;!ut rati! D/R !0t+ey are !!6in( t! 3aintainin( 3!re 5a'+ 0!r 0uture and *an6in( 5+t+ey intend t! 3a6e u& t+eir GD, u& t! R.#$* re3ainin(% R.8*
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E,ALUAION OF HE INDUSRY2S CURREN SAE
.ana(e3ent i' de5rea'in( t+eir D/R a''u3&ti!n' t! 1$ 0r!3 1
Hua Yan(2' 5urrent *en5+3ar6 i' R.#$%$$$ 0!r re'identia area' an0!r ur*an area' in +!3e &ri5e'
Hua Yan( +a' e
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E,ALUAION OF HE INDUSRY2S CURREN SAE
+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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E,ALUAION OF HE INDUSRY2S CURREN SAE
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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/RE/ARED BY