SGX:P36

Stock Analysis Report

Pan Hong Holdings Group

Executive Summary

Pan Hong Holdings Group Limited, an investment holding company, engages in the investment and development of residential and commercial properties in the People’s Republic of China.


Snowflake Analysis

Excellent balance sheet, good value and pays a dividend.

Share Price & News

How has Pan Hong Holdings Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: P36's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.0%

P36

-4.3%

SG Real Estate

-2.8%

SG Market


1 Year Return

6.7%

P36

-10.0%

SG Real Estate

-4.7%

SG Market

Return vs Industry: P36 exceeded the SG Real Estate industry which returned -10% over the past year.

Return vs Market: P36 exceeded the SG Market which returned -4.7% over the past year.


Shareholder returns

P36IndustryMarket
7 Day-5.0%-4.3%-2.8%
30 Day-20.0%-3.9%-2.5%
90 Dayn/a-4.6%-3.3%
1 Year23.1%6.7%-7.2%-10.0%-0.8%-4.7%
3 Year-28.5%-48.7%-8.2%-15.4%5.2%-5.9%
5 Year25.3%-21.3%-10.3%-21.8%6.9%-11.1%

Price Volatility Vs. Market

How volatile is Pan Hong Holdings Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pan Hong Holdings Group undervalued compared to its fair value and its price relative to the market?

18.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: P36 (SGD0.1) is trading below our estimate of fair value (SGD0.12)

Significantly Below Fair Value: P36 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: P36 is good value based on its PE Ratio (1.3x) compared to the Real Estate industry average (11.1x).

PE vs Market: P36 is good value based on its PE Ratio (1.3x) compared to the SG market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate P36's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: P36 is good value based on its PB Ratio (0.3x) compared to the SG Real Estate industry average (0.5x).


Next Steps

Future Growth

How is Pan Hong Holdings Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.0%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Pan Hong Holdings Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Pan Hong Holdings Group performed over the past 5 years?

11.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: P36 has a high level of non-cash earnings.

Growing Profit Margin: P36 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: P36's earnings have grown by 11.3% per year over the past 5 years.

Accelerating Growth: P36 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: P36 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (-23.1%).


Return on Equity

High ROE: P36's Return on Equity (24.8%) is considered high.


Next Steps

Financial Health

How is Pan Hong Holdings Group's financial position?


Financial Position Analysis

Short Term Liabilities: P36's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.2B).

Long Term Liabilities: P36's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥3.8M).


Debt to Equity History and Analysis

Debt Level: P36's debt to equity ratio (6.2%) is considered satisfactory.

Reducing Debt: P36's debt to equity ratio has reduced from 66.1% to 6.2% over the past 5 years.

Debt Coverage: P36's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: P36 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: P36 has a high level of physical assets or inventory.

Debt Coverage by Assets: P36's debt is covered by short term assets (assets are 38.6x debt).


Next Steps

Dividend

What is Pan Hong Holdings Group's current dividend yield, its reliability and sustainability?

10.41%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: P36's dividend (10.41%) is higher than the bottom 25% of dividend payers in the SG market (2.62%).

High Dividend: P36's dividend (10.41%) is in the top 25% of dividend payers in the SG market (5.69%)


Stability and Growth of Payments

Stable Dividend: P36's dividend payments have been volatile in the past 10 years.

Growing Dividend: P36's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.7%), P36's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.4yrs

Average management tenure


CEO

Lam Ping Wong (64yo)

14.1yrs

Tenure

Mr. Lam Ping Wong founded Pan Hong Holdings Group Limited and serves as its Chief Executive Officer and Executive Chairman since January 3, 2006. Mr. Wong is responsible for the formulation and execution o ...


Leadership Team

NamePositionTenureCompensationOwnership
Lam Ping Wong
Founder14.1yrsno data5.08% CN¥2.6m
Ting Fung Ngai
Group Financial Controller & Company Secretary1.5yrsno datano data
Yinjian Wang
Group Human Resources Manager0yrsno datano data
Cuiping Wang
Executive Director13.5yrsno data0.13% CN¥69.0k
Toh Li Ping
Company Secretary5.4yrsno datano data

5.4yrs

Average Tenure

Experienced Management: P36's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lam Ping Wong
Founder14.1yrsno data5.08% CN¥2.6m
Cuiping Wang
Executive Director13.5yrsno data0.13% CN¥69.0k
Kian Koon Choo
Independent Non-Executive Director13.5yrsno datano data
Wee Leong Sim
Lead Independent Director0yrsno datano data
Kin Sang Chan
Non-Executive & Non-Independent Director13.5yrsno datano data
Haibin Zheng
Independent Non-Executive Director13.5yrsno datano data

13.5yrs

Average Tenure

65yo

Average Age

Experienced Board: P36's board of directors are seasoned and experienced ( 13.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pan Hong Holdings Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pan Hong Holdings Group Limited
  • Ticker: P36
  • Exchange: SGX
  • Founded: 2005
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: S$51.231m
  • Shares outstanding: 512.31m
  • Website: https://www.pan-hong.com

Number of Employees


Location

  • Pan Hong Holdings Group Limited
  • Hunghom Commercial Centre, Tower B
  • Room 1214, 12th Floor
  • Hunghom
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
P36SGX (Singapore Exchange)YesOrdinary SharesSGSGDSep 2006

Biography

Pan Hong Holdings Group Limited, an investment holding company, engages in the investment and development of residential and commercial properties in the People’s Republic of China. It is also involved in the operation and management of hotels; the provision of property consultation services; and general trading and consultancy services businesses. The company was formerly known as Pan Hong Property Group Limited and changed its name to Pan Hong Holdings Group Limited in September 2015. The company was incorporated in 2005 and is headquartered in Hunghom, Hong Kong. Pan Hong Holdings Group Limited is a subsidiary of Extra Good Enterprises Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 12:48
End of Day Share Price2020/02/28 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.