SGX:P36

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Pan Hong Holdings Group

Executive Summary

Pan Hong Holdings Group Limited, an investment holding company, engages in the development of residential and commercial properties in the second and third-tier cities in the People’s Republic of China. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.

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 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: P36's weekly volatility has decreased from 15% to 5% over the past year.


Market Performance


7 Day Return

-2.0%

P36

1.0%

SG Real Estate

1.7%

SG Market


1 Year Return

51.0%

P36

-10.5%

SG Real Estate

-3.7%

SG Market

Return vs Industry: P36 exceeded the SG Real Estate industry which returned -10.5% over the past year.

Return vs Market: P36 exceeded the SG Market which returned -3.7% over the past year.


Shareholder returns

P36IndustryMarket
7 Day-2.0%1.0%1.7%
30 Day-2.0%0.4%1.7%
90 Day11.5%2.6%6.4%
1 Year70.4%51.0%-7.2%-10.5%1.4%-3.7%
3 Year117.7%45.0%-20.2%-27.2%-7.7%-19.1%
5 Year30.2%-27.5%4.1%-9.9%17.9%-3.7%

Long-Term 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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: P36 (SGD0.15) is trading below our estimate of fair value (SGD1.8)

Significantly Below Fair Value: P36 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: P36 is good value based on its PE Ratio (1.6x) compared to the SG Real Estate industry average (13.7x).

PE vs Market: P36 is good value based on its PE Ratio (1.6x) compared to the SG market (14.1x).


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's PB Ratio (0.4x) is in line with the SG Real Estate industry average.


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?

47.1%

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?

25.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: P36 has high quality earnings.

Growing Profit Margin: P36's current net profit margins (18.7%) are lower than last year (20.5%).


Past Earnings Growth Analysis

Earnings Trend: P36's earnings have grown significantly by 25.4% per year over the past 5 years.

Accelerating Growth: P36's earnings growth over the past year (28%) exceeds its 5-year average (25.4% per year).

Earnings vs Industry: P36 earnings growth over the past year (28%) exceeded the Real Estate industry -45.7%.


Return on Equity

High ROE: P36's Return on Equity (24%) 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¥1.6B) exceed its short term liabilities (CN¥788.8M).

Long Term Liabilities: P36's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥4.7M).


Debt to Equity History and Analysis

Debt Level: P36's debt to equity ratio (1.6%) is considered satisfactory.

Reducing Debt: P36's debt to equity ratio has reduced from 66.6% to 1.6% over the past 5 years.

Debt Coverage: P36's debt is well covered by operating cash flow (2189.1%).

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


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate P36's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate P36's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if P36's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if P36's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: P36 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of P36's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Cuiping Wang (56 yo)

1

Tenure

Ms. Cuiping Wang serves as Chief Executive Officer of Pan Hong Holdings Group Limited since March 31, 2020. Ms. Wang served as a Tax Expert for the Inner Mongolia Wu Hai City State Administration of Taxati...


Leadership Team

NamePositionTenureCompensationOwnership
Sum Wong
Executive Chairman1yrno datano data
Cuiping Wang
CEO & Executive Director1yrno data0.13%
CN¥ 100.0k
Ting Fung Ngai
Group Financial Controller & Company Secretary2.58yrsno datano data
Yinjian Wang
Group Human Resources Managerno datano datano data
Toh Li Ping
Company Secretary6.5yrsno datano data

1.8yrs

Average Tenure

Experienced Management: P36's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Sum Wong
Executive Chairman1yrno datano data
Cuiping Wang
CEO & Executive Director1yrno data0.13%
CN¥ 100.0k
Kian Koon Choo
Independent Non-Executive Director14.58yrsCN¥241.07kno data
Wee Leong Sim
Lead Independent Directorno dataCN¥271.20kno data
Kin Sang Chan
Non-Executive & Non-Independent Director14.58yrsCN¥241.07kno data
Haibin Zheng
Independent Non-Executive Director14.58yrsCN¥120.54kno data

14.6yrs

Average Tenure

56yo

Average Age

Experienced Board: P36's board of directors are seasoned and experienced ( 14.6 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.


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$74.285m
  • Shares outstanding: 512.31m
  • Website: https://www.pan-hong.com

Number of Employees


Location

  • Pan Hong Holdings Group Limited
  • Hunghom Commercial Centre
  • Tower B
  • Hung Hom
  • 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 development of residential and commercial properties in the second and third-tier cities in the People’s Republic of China. It...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 11:06
End of Day Share Price2021/03/02 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.