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Hwa Hong

SGX:H19
Snowflake Description

Limited growth with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
H19
SGX
SGD206M
Market Cap
  1. Home
  2. SG
  3. Real Estate
Company description

Hwa Hong Corporation Limited, an investment holding company, engages in the investment, development, and rental of properties in Singapore and the United Kingdom. The last earnings update was 2 days ago. More info.


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H19 Share Price and Events
7 Day Returns
0%
SGX:H19
-0.9%
SG Real Estate
-0.1%
SG Market
1 Year Returns
-3.1%
SGX:H19
-8%
SG Real Estate
-6%
SG Market
H19 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hwa Hong (H19) 0% -3.1% 12.5% -3.1% 1.6% 1.6%
SG Real Estate -0.9% 2.7% 4.7% -8% 6.4% -5.2%
SG Market -0.1% 3.3% 3.8% -6% 10.7% -2.8%
1 Year Return vs Industry and Market
  • H19 outperformed the Real Estate industry which returned -8% over the past year.
  • H19 outperformed the Market in Singapore which returned -6% over the past year.
Price Volatility
H19
Industry
5yr Volatility vs Market

Value

 Is Hwa Hong undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Hwa Hong. This is due to cash flow or dividend data being unavailable. The share price is SGD0.315.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hwa Hong's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hwa Hong's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:H19 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SGD SGD0.01
SGX:H19 Share Price ** SGX (2019-04-26) in SGD SGD0.32
Singapore Real Estate Industry PE Ratio Median Figure of 38 Publicly-Listed Real Estate Companies 9.23x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hwa Hong.

SGX:H19 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:H19 Share Price ÷ EPS (both in SGD)

= 0.32 ÷ 0.01

47.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hwa Hong is overvalued based on earnings compared to the SG Real Estate industry average.
  • Hwa Hong is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does Hwa Hong's expected growth come at a high price?
Raw Data
SGX:H19 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 47.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
13.7%per year
Singapore Real Estate Industry PEG Ratio Median Figure of 14 Publicly-Listed Real Estate Companies -0.16x
Singapore Market PEG Ratio Median Figure of 120 Publicly-Listed Companies 1.68x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Hwa Hong, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hwa Hong's assets?
Raw Data
SGX:H19 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SGD SGD0.29
SGX:H19 Share Price * SGX (2019-04-26) in SGD SGD0.32
Singapore Real Estate Industry PB Ratio Median Figure of 46 Publicly-Listed Real Estate Companies 0.57x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:H19 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:H19 Share Price ÷ Book Value per Share (both in SGD)

= 0.32 ÷ 0.29

1.09x

* Primary Listing of Hwa Hong.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hwa Hong is overvalued based on assets compared to the SG Real Estate industry average.
X
Value checks
We assess Hwa Hong's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Hwa Hong has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Hwa Hong expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Hwa Hong, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hwa Hong expected to grow at an attractive rate?
  • Hwa Hong's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Hwa Hong's earnings growth is expected to exceed the Singapore market average.
  • Unable to compare Hwa Hong's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:H19 Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:H19 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 13.7%
Singapore Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -10.1%
Singapore Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 6.1%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:H19 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:H19 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-03-31 12 -2 6
2018-12-31 11 -4 4
2018-09-30 14 5 7
2018-06-30 15 2 8
2018-03-31 15 7 5
2017-12-31 16 8 7
2017-09-30 13 0 5
2017-06-30 13 7 5
2017-03-31 13 8 7
2016-12-31 12 8 7
2016-09-30 13 8 12
2016-06-30 13 3 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hwa Hong's earnings are expected to grow by 13.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Hwa Hong is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:H19 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Hwa Hong Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:H19 Past Financials Data
Date (Data in SGD Millions) EPS *
2019-03-31
2018-12-31 0.01
2018-09-30 0.01
2018-06-30 0.01
2018-03-31 0.01
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.01
2016-09-30 0.02
2016-06-30 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Hwa Hong will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hwa Hong's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hwa Hong has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Hwa Hong performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hwa Hong's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hwa Hong's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Hwa Hong's 1-year earnings growth exceeds its 5-year average (17.7% vs -16.3%)
  • Hwa Hong's earnings growth has exceeded the SG Real Estate industry average in the past year (17.7% vs 9.4%).
Earnings and Revenue History
Hwa Hong's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hwa Hong Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:H19 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 11.50 5.75 5.95
2018-12-31 11.46 4.35 5.95
2018-09-30 14.33 6.54 6.43
2018-06-30 15.08 7.68 6.71
2018-03-31 15.23 4.88 7.11
2017-12-31 15.54 7.41 6.70
2017-09-30 12.76 4.75 5.92
2017-06-30 12.74 5.03 5.50
2017-03-31 12.59 6.98 5.43
2016-12-31 12.03 6.55 5.51
2016-09-30 13.26 11.62 4.96
2016-06-30 13.21 10.59 6.09
2016-03-31 13.78 8.36 6.47
2015-12-31 14.75 6.78 6.56
2015-09-30 8.34 3.89 5.87
2015-06-30 9.65 7.34 5.39
2015-03-31 9.83 11.27 5.63
2014-12-31 12.36 12.49 6.08
2014-09-30 25.94 14.24 9.05
2014-06-30 26.48 12.58 8.14
2014-03-31 30.71 9.38 7.67
2013-12-31 33.84 8.80 8.60
2013-09-30 37.16 8.00 8.29
2013-06-30 41.74 7.70 9.62
2013-03-31 39.32 6.94 10.51
2012-12-31 35.98 6.65 9.76
2012-09-30 23.54 3.66 9.97
2012-06-30 23.25 4.04 9.38

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hwa Hong has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hwa Hong used its assets less efficiently than the SG Real Estate industry average last year based on Return on Assets.
  • Hwa Hong's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hwa Hong's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hwa Hong has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Hwa Hong's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hwa Hong's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hwa Hong's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Hwa Hong's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hwa Hong's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hwa Hong Company Filings, last reported 3 weeks ago.

SGX:H19 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 192.97 81.92 35.77
2018-12-31 189.12 87.50 50.80
2018-09-30 194.04 55.09 31.38
2018-06-30 193.23 49.66 32.17
2018-03-31 196.93 67.28 48.22
2017-12-31 197.14 53.18 50.68
2017-09-30 195.69 55.60 37.13
2017-06-30 192.41 65.97 42.12
2017-03-31 195.87 65.52 36.78
2016-12-31 194.42 68.92 36.87
2016-09-30 194.73 69.30 37.02
2016-06-30 196.21 72.12 38.82
2016-03-31 203.91 41.32 40.69
2015-12-31 206.32 39.48 40.54
2015-09-30 203.35 40.38 43.11
2015-06-30 203.63 38.95 46.38
2015-03-31 209.37 37.93 53.32
2014-12-31 210.49 31.26 52.16
2014-09-30 210.59 19.03 77.73
2014-06-30 211.49 19.62 59.26
2014-03-31 208.42 30.01 58.11
2013-12-31 201.94 28.99 52.52
2013-09-30 200.20 16.64 44.40
2013-06-30 195.65 15.96 44.35
2013-03-31 199.48 15.62 50.69
2012-12-31 197.05 19.16 51.83
2012-09-30 194.18 19.24 39.10
2012-06-30 196.26 16.44 38.92
  • Hwa Hong's level of debt (42.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (14.3% vs 42.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 1.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Hwa Hong's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hwa Hong has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Hwa Hong's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.17%
Current annual income from Hwa Hong dividends.
If you bought SGD2,000 of Hwa Hong shares you are expected to receive SGD63 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hwa Hong's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.51%).
  • Hwa Hong's dividend is below the markets top 25% of dividend payers in Singapore (5.48%).
Upcoming dividend payment

Purchase Hwa Hong before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:H19 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Singapore Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.1%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:H19 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-04-01 0.010 3.157
2019-01-31 0.010 3.378
2018-02-02 0.010 3.226
2017-04-03 0.010 3.134
2017-02-02 0.010 3.074
2016-02-02 0.010 3.334
2015-02-04 0.010 3.111
2014-02-03 0.010 3.173
2013-01-31 0.010 3.066
2012-10-24 0.000 0.000
2012-07-27 0.000 0.000
2012-04-10 0.035 9.289
2012-02-03 0.035 7.997
2011-10-25 0.125 28.713
2011-07-29 0.125 27.297
2011-02-01 0.160 28.397
2010-07-30 0.073 12.910
2010-02-10 0.143 25.030
2009-10-30 0.143 28.180
2009-07-30 0.053 12.391

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Hwa Hong's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hwa Hong's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hwa Hong afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hwa Hong has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Hwa Hong's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Choo Eng Ong
AGE 74
TENURE AS CEO 30.2 years
CEO Bio

Mr. Choo Eng Ong, B Sc (Eng), M Sc (Eng), M.I.C.E, M.I.E.S., has been Group Managing Director of Hwa Hong Corporation Limited since February 10, 1989. Mr. Ong has more than 20 years of experience in corporate management. He served as Chairman of Hwa Hong Corporation Limited from September 1, 1993 to April 2005. He served as a Non-Executive and Independent Director of Singapore Reinsurance Corporation Limited since June 1, 2002 until December 31, 2015. He has been Non Independent Executive Director of Hwa Hong Corporation Limited since June 15, 1982. He served as an Independent Director of MTQ Corporation Limited since September 9, 1997 until October 28, 2016. He served as a Non-Executive Director of BBR Holdings (S) Ltd. (“BBR”). from March 26, 2002 to June 21, 2007. He was elected as a Fellow of Queen Mary College and Westfield College, University of London in 1990. He is a Member of the Institution of Civil Engineers, UK and Institute of Engineers, Singapore. He is a Chartered Civil Engineer (Institution of Civil Engineers UK) and Professional Engineer (Institute Of Engineers Singapore). Mr. Ong obtained a Bachelor of Science (Honours) Degree in Civil Engineering and a Master of Science Degree in Advanced Structural Engineering from Queen Mary & Westfield College, University of London in 1966.

CEO Compensation
  • Insufficient data for Choo Eng to compare compensation growth.
  • Insufficient data for Choo Eng to establish whether their remuneration is reasonable compared to companies of similar size in Singapore.
Management Team Tenure

Average tenure and age of the Hwa Hong management team in years:

10.7
Average Tenure
52
Average Age
  • The average tenure for the Hwa Hong management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Choo Eng Ong

TITLE
Group MD & Non Independent Executive Director
AGE
74
TENURE
30.2 yrs

Yvonne Lee

TITLE
Chief Financial Officer
AGE
47
TENURE
6.8 yrs

Mui Eng Ong

TITLE
Group General Manager of Finance/Administration & Non-Independent Executive Director
AGE
83

Gwendolin Lee

TITLE
Company Secretary
TENURE
2.8 yrs

Eng Loke Ong

TITLE
Senior Vice President of Fund Management of Hwa Hong Edible Oil Industries Pte Ltd
AGE
52
TENURE
14.7 yrs

Chee Kiew Chen

TITLE
General Manager of Singapore Warehouse Company (Private) Ltd

Eng Yaw Ong

TITLE
Senior Vice President of Real Estate at Singapore Warehouse Company (Private) Ltd.
AGE
46
TENURE
10.7 yrs
Board of Directors Tenure

Average tenure and age of the Hwa Hong board of directors in years:

36.2
Average Tenure
70
Average Age
  • The average tenure for the Hwa Hong board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Hans Miller

TITLE
Non-Executive Chairman
AGE
65
TENURE
14 yrs

Choo Eng Ong

TITLE
Group MD & Non Independent Executive Director
AGE
74
TENURE
36.8 yrs

Mui Eng Ong

TITLE
Group General Manager of Finance/Administration & Non-Independent Executive Director
AGE
83
TENURE
36.2 yrs

Linda Ong

TITLE
Independent Non-Executive Director
AGE
57
TENURE
6 yrs

Yuan Huang

TITLE
Independent Non-Executive Director
AGE
59
TENURE
6 yrs

Meng Guan

TITLE
Non-Independent Non-Executive Director
AGE
88
TENURE
36.2 yrs

Hian Eng Ong

TITLE
Non-Independent Non-Executive Director
AGE
70
TENURE
38.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Hwa Hong insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
24. Apr 19 Buy Eng Ong Individual 23. Apr 19 23. Apr 19 30,000 SGD0.32 SGD9,450
09. Apr 19 Buy Eng Ong Individual 09. Apr 19 09. Apr 19 86,600 SGD0.32 SGD27,757
08. Apr 19 Buy Eng Ong Individual 05. Apr 19 05. Apr 19 98,400 SGD0.32 SGD31,838
05. Apr 19 Buy Eng Ong Individual 04. Apr 19 04. Apr 19 109,000 SGD0.32 SGD35,290
04. Apr 19 Buy Eng Ong Individual 03. Apr 19 03. Apr 19 50,000 SGD0.32 SGD16,000
04. Apr 19 Buy Kay Eng Ong Individual 03. Apr 19 03. Apr 19 305,000 SGD0.33 SGD99,125
03. Apr 19 Buy Eng Ong Individual 02. Apr 19 02. Apr 19 50,000 SGD0.32 SGD16,184
03. Apr 19 Buy Eng Ong Individual 01. Apr 19 01. Apr 19 103,000 SGD0.32 SGD32,960
01. Apr 19 Sell Eng Ong Individual 29. Mar 19 29. Mar 19 -70,500 SGD0.32 SGD-22,353
29. Mar 19 Buy Kay Eng Ong Individual 28. Mar 19 28. Mar 19 236,900 SGD0.32 SGD76,963
28. Mar 19 Buy Kay Eng Ong Individual 27. Mar 19 27. Mar 19 238,100 SGD0.32 SGD77,081
25. Mar 19 Buy Kay Eng Ong Individual 22. Mar 19 22. Mar 19 220,000 SGD0.31 SGD67,910
13. Mar 19 Buy Eng Ong Individual 12. Mar 19 12. Mar 19 77,500 SGD0.29 SGD22,475
11. Mar 19 Buy Eng Ong Individual 08. Mar 19 08. Mar 19 100,000 SGD0.29 SGD29,000
06. Mar 19 Buy Eng Ong Individual 05. Mar 19 05. Mar 19 71,000 SGD0.29 SGD20,731
05. Mar 19 Buy Eng Ong Individual 04. Mar 19 04. Mar 19 74,000 SGD0.29 SGD21,460
19. Feb 19 Buy Eng Ong Individual 18. Feb 19 18. Feb 19 37,000 SGD0.29 SGD10,730
18. Feb 19 Buy Eng Ong Individual 15. Feb 19 15. Feb 19 37,900 SGD0.29 SGD10,991
14. Feb 19 Buy Eng Ong Individual 13. Feb 19 13. Feb 19 36,000 SGD0.29 SGD10,440
13. Feb 19 Buy Eng Ong Individual 12. Feb 19 12. Feb 19 21,000 SGD0.29 SGD6,090
11. Feb 19 Buy Eng Ong Individual 08. Feb 19 08. Feb 19 103,100 SGD0.29 SGD29,899
04. Feb 19 Buy Eng Ong Individual 01. Feb 19 01. Feb 19 50,500 SGD0.28 SGD14,392
17. Jan 19 Buy Eng Ong Individual 16. Jan 19 16. Jan 19 150,000 SGD0.26 SGD39,750
16. Jan 19 Buy Eng Ong Individual 15. Jan 19 15. Jan 19 200,000 SGD0.27 SGD54,000
24. Jan 19 Sell FICA (Pte) Ltd Company 08. Jan 19 17. Jan 19 -2,000,000 SGD0.28 SGD-539,096
18. Jan 19 Buy Eng Ong Individual 17. Jan 19 17. Jan 19 80,700 SGD0.27 SGD22,192
14. Jan 19 Buy Eng Ong Individual 11. Jan 19 11. Jan 19 161,100 SGD0.28 SGD44,302
11. Jan 19 Buy Eng Ong Individual 10. Jan 19 10. Jan 19 85,000 SGD0.27 SGD23,150
10. Jan 19 Buy Eng Ong Individual 09. Jan 19 09. Jan 19 59,000 SGD0.27 SGD15,980
11. Dec 18 Buy Eng Ong Individual 07. Dec 18 07. Dec 18 22,000 SGD0.29 SGD6,380
29. Nov 18 Buy Eng Ong Individual 28. Nov 18 28. Nov 18 29,100 SGD0.30 SGD8,620
26. Nov 18 Buy Eng Ong Individual 23. Nov 18 23. Nov 18 32,000 SGD0.29 SGD9,280
23. Nov 18 Buy Kay Eng Ong Individual 22. Nov 18 22. Nov 18 50,000 SGD0.30 SGD14,875
14. Nov 18 Buy Eng Ong Individual 12. Nov 18 12. Nov 18 44,000 SGD0.30 SGD12,980
05. Nov 18 Sell Ong Eng Individual 30. Oct 18 30. Oct 18 -5,000,000 SGD0.30 SGD-1,524,994
31. Oct 18 Buy Kay Eng Ong Individual 30. Oct 18 30. Oct 18 2,500,000 SGD0.30 SGD762,497
24. Oct 18 Buy Eng Ong Individual 22. Oct 18 23. Oct 18 325,000 SGD0.31 SGD100,976
23. Oct 18 Buy Eng Ong Individual 19. Oct 18 19. Oct 18 104,000 SGD0.31 SGD32,240
18. Oct 18 Buy Eng Ong Individual 16. Oct 18 16. Oct 18 28,000 SGD0.32 SGD8,825
15. Oct 18 Buy Eng Ong Individual 11. Oct 18 12. Oct 18 139,000 SGD0.31 SGD42,630
27. Sep 18 Buy Eng Ong Individual 25. Sep 18 25. Sep 18 147,000 SGD0.31 SGD45,651
21. Sep 18 Buy Eng Ong Individual 19. Sep 18 19. Sep 18 105,000 SGD0.32 SGD33,450
14. Sep 18 Buy Eng Ong Individual 13. Sep 18 13. Sep 18 95,000 SGD0.32 SGD30,176
07. Sep 18 Buy Kay Eng Ong Individual 05. Sep 18 06. Sep 18 196,900 SGD0.32 SGD62,429
17. Aug 18 Buy Eng Ong Individual 16. Aug 18 16. Aug 18 91,000 SGD0.31 SGD28,430
14. Aug 18 Buy Eng Ong Individual 13. Aug 18 13. Aug 18 1,500,000 SGD0.32 SGD480,000
02. Aug 18 Buy Eng Ong Individual 01. Aug 18 01. Aug 18 58,000 SGD0.31 SGD17,980
13. Jul 18 Buy Eng Ong Individual 12. Jul 18 12. Jul 18 85,000 SGD0.03 SGD2,720
12. Jul 18 Buy Kay Eng Ong Individual 10. Jul 18 10. Jul 18 61,000 SGD0.32 SGD19,575
10. Jul 18 Buy Eng Ong Individual 06. Jul 18 06. Jul 18 30,000 SGD0.32 SGD9,580
05. Jul 18 Buy Kay Eng Ong Individual 04. Jul 18 04. Jul 18 50,000 SGD0.33 SGD16,250
03. Jul 18 Buy Kay Eng Ong Individual 29. Jun 18 02. Jul 18 69,000 SGD0.33 SGD22,512
29. Jun 18 Buy Kay Eng Ong Individual 27. Jun 18 28. Jun 18 481,000 SGD0.33 SGD155,502
22. Jun 18 Buy Kay Eng Ong Individual 20. Jun 18 21. Jun 18 620,000 SGD0.33 SGD201,551
20. Jun 18 Buy Kay Eng Ong Individual 18. Jun 18 19. Jun 18 705,000 SGD0.33 SGD228,298
13. Jun 18 Buy Wah Chi Chen Individual 12. Jun 18 12. Jun 18 250,000 SGD0.32 SGD79,626
12. Jun 18 Buy Eng Ong Individual 11. Jun 18 11. Jun 18 104,700 SGD0.31 SGD32,936
05. Jun 18 Buy Eng Ong Individual 01. Jun 18 01. Jun 18 55,000 SGD0.32 SGD17,395
25. May 18 Buy Eng Ong Individual 24. May 18 24. May 18 105,300 SGD0.32 SGD33,283
22. May 18 Buy Eng Ong Individual 18. May 18 21. May 18 99,500 SGD0.32 SGD31,033
15. May 18 Buy Eng Ong Individual 11. May 18 14. May 18 111,000 SGD0.31 SGD34,671
09. May 18 Buy Eng Ong Individual 07. May 18 07. May 18 100,000 SGD0.31 SGD31,380
X
Management checks
We assess Hwa Hong's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hwa Hong has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Take Comfort From Insider Transactions At Hwa Hong Corporation Limited (SGX:H19)?

So shareholders might well want to know whether insiders have been buying or selling shares in Hwa Hong Corporation Limited (SGX:H19). … That means that an insider was selling shares at slightly below the current price (S$0.32). … Overall, Hwa Hong insiders were net buyers last year

Simply Wall St -

Can Hwa Hong Corporation Limited (SGX:H19) Improve Its Returns?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every SGD1 worth of equity in the company, it was able to earn SGD0.023. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Hwa Hong Corporation Limited's (SGX:H19) High P/E Ratio A Problem For Investors?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Hwa Hong Corporation Limited's (SGX:H19) P/E ratio and reflect on what it tells us about the company's share price. … Hwa Hong has a price to earnings ratio of 42.54, based on the last twelve months.

Simply Wall St -

What Percentage Of Hwa Hong Corporation Limited (SGX:H19) Shares Do Insiders Own?

Every investor in Hwa Hong Corporation Limited (SGX:H19) should be aware of the most powerful shareholder groups. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … institutions own shares in the company

Simply Wall St -

Need To Know: Hwa Hong Corporation Limited (SGX:H19) Insiders Have Been Buying Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Hwa Hong Corporation Limited (SGX:H19). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … That means that an insider was selling shares at around the current price of S$0.28

Simply Wall St -

Is Hwa Hong Corporation Limited's (SGX:H19) Balance Sheet A Threat To Its Future?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Does Hwa Hong Corporation Limited's (SGX:H19) 38% Earnings Growth Reflect The Long-Term Trend?

Today I will take a look at Hwa Hong Corporation Limited's (SGX:H19) most recent earnings update (30 September 2018) and compare these latest figures against its performance over the past few years, as well as how the rest of the real estate industry performed. … How Did H19's Recent Performance Stack Up Against Its Past. … H19's trailing twelve-month earnings (from 30 September 2018) of S$6.5m has.

Simply Wall St -

Here's What Hwa Hong Corporation Limited's (SGX:H19) P/E Is Telling Us

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Hwa Hong Corporation Limited's (SGX:H19) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Is Hwa Hong Corporation Limited's (SGX:H19) ROE Of 4.0% Concerning?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every SGD1 worth of shareholders' equity, it generated SGD0.040 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Hwa Hong Corporation Limited's (SGX:H19) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as Hwa Hong Corporation Limited (SGX:H19) with its market cap of S$199.2m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … So, understanding the company's financial health becomes. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Company Info

Description

Hwa Hong Corporation Limited, an investment holding company, engages in the investment, development, and rental of properties in Singapore and the United Kingdom. The company is involved in the leasing of residential and commercial properties; and ownership of warehouse for rental and storage, as well as packing and trading of edible oils. It also provides business management and consultancy services. The company was formerly known as Hwa Hong Manufacturing Company Limited and changed its name to Hwa Hong Corporation Limited in January 1985. Hwa Hong Corporation Limited was incorporated in 1952 and is based in Singapore.

Details
Name: Hwa Hong Corporation Limited
H19
Exchange: SGX
Founded: 1952
SGD205,588,246
652,661,100
Website: http://www.hwahongcorp.com
Address: Hwa Hong Corporation Limited
No. 01-01, 38 South Bridge Road,
Singapore,
058672,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX H19 Ordinary Shares Singapore Exchange SG SGD 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Hwa Hong employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/26 12:40
End of day share price update: 2019/04/26 00:00
Last earnings filing: 2019/04/24
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.