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Pan Hong Holdings Group

SGX:P36
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
P36
SGX
SGD46M
Market Cap
  1. Home
  2. SG
  3. Real Estate
Company description

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. The last earnings update was 77 days ago. More info.


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P36 Share Price and Events
7 Day Returns
0%
SGX:P36
0.2%
SG Real Estate
0.3%
SG Market
1 Year Returns
-2.2%
SGX:P36
-7.5%
SG Real Estate
-6.7%
SG Market
P36 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pan Hong Holdings Group (P36) 0% 0% 11.3% -2.2% -50% -59.5%
SG Real Estate 0.2% 2.4% 6.4% -7.5% 5.6% -5.3%
SG Market 0.3% 3.1% 3.7% -6.7% 8% -3.3%
1 Year Return vs Industry and Market
  • P36 outperformed the Real Estate industry which returned -7.5% over the past year.
  • P36 outperformed the Market in Singapore which returned -6.7% over the past year.
Price Volatility
P36
Industry
5yr Volatility vs Market

Value

 Is Pan Hong Holdings Group 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
Here we compare the current share price of Pan Hong Holdings Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pan Hong Holdings Group.

SGX:P36 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:P36
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6.7%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.099 (1 + (1- 25%) (21.52%))
1.185
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (1.185 * 6.65%)
10.18%

Discounted Cash Flow Calculation for SGX:P36 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pan Hong Holdings Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:P36 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 10.18%)
2019 10.99 Est @ -64.56% 9.98
2020 6.10 Est @ -44.5% 5.03
2021 4.24 Est @ -30.46% 3.17
2022 3.37 Est @ -20.63% 2.28
2023 2.90 Est @ -13.75% 1.79
2024 2.64 Est @ -8.93% 1.48
2025 2.50 Est @ -5.56% 1.27
2026 2.42 Est @ -3.2% 1.11
2027 2.38 Est @ -1.55% 0.99
2028 2.37 Est @ -0.4% 0.90
Present value of next 10 years cash flows CN¥28.00
SGX:P36 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥2.37 × (1 + 2.3%) ÷ (10.18% – 2.3%)
CN¥30.77
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥30.77 ÷ (1 + 10.18%)10
CN¥11.67
SGX:P36 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥28.00 + CN¥11.67
CN¥39.67
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥39.67 / 512.31
CN¥0.08
SGX:P36 Discount to Share Price
Calculation Result
Exchange Rate CNY/SGD
(Reporting currency to currency of SGX:P36)
0.202
Value per Share
(SGD)
= Value per Share in CNY x Exchange Rate (CNY/SGD)
= CN¥0.08 x 0.202
SGD0.02
Value per share (SGD) From above. SGD0.02
Current discount Discount to share price of SGD0.09
= -1 x (SGD0.09 - SGD0.02) / SGD0.02
-468.6%

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

  • The current share price of Pan Hong Holdings Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Pan Hong Holdings Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pan Hong Holdings Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:P36 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥-0.05
SGX:P36 Share Price ** SGX (2019-03-27) in SGD SGD0.09
SGX:P36 Share Price converted to CNY reporting currency Exchange rate (SGD/ CNY) 4.947 CN¥0.44
Singapore Real Estate Industry PE Ratio Median Figure of 38 Publicly-Listed Real Estate Companies 9.52x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.18x

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

** Primary Listing of Pan Hong Holdings Group.

SGX:P36 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:P36 Share Price ÷ EPS (both in CNY)

= 0.44 ÷ -0.05

-9.05x

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

  • Pan Hong Holdings Group is loss making, we can't compare its value to the SG Real Estate industry average.
  • Pan Hong Holdings Group is loss making, we can't compare the value of its earnings to the Singapore market.
Price based on expected Growth
Does Pan Hong Holdings Group's expected growth come at a high price?
Raw Data
SGX:P36 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -9.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
37.5%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 119 Publicly-Listed Companies 1.6x

*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 Pan Hong Holdings Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pan Hong Holdings Group's assets?
Raw Data
SGX:P36 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.16
SGX:P36 Share Price * SGX (2019-03-27) in SGD SGD0.09
SGX:P36 Share Price converted to CNY reporting currency Exchange rate (SGD/ CNY) 4.947 CN¥0.44
Singapore Real Estate Industry PB Ratio Median Figure of 46 Publicly-Listed Real Estate Companies 0.59x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:P36 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:P36 Share Price ÷ Book Value per Share (both in CNY)

= 0.44 ÷ 1.16

0.38x

* Primary Listing of Pan Hong Holdings Group.

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

  • Pan Hong Holdings Group is good value based on assets compared to the SG Real Estate industry average.
X
Value checks
We assess Pan Hong Holdings Group'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. Pan Hong Holdings Group has a total score of 1/6, 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 Pan Hong Holdings Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Pan Hong Holdings Group, 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
37.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pan Hong Holdings Group expected to grow at an attractive rate?
  • Pan Hong Holdings Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Pan Hong Holdings Group's earnings growth is expected to exceed the Singapore market average.
  • Unable to compare Pan Hong Holdings Group's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:P36 Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:P36 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 37.5%
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%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.7%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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:P36 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:P36 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 13 31 -25
2018-09-30 31 309 -22
2018-06-30 57 253 -7
2018-03-31 387 -57 27
2017-12-31 489 200 61
2017-09-30 569 109 59
2017-06-30 771 225 50
2017-03-31 709 473 27
2016-12-31 728 459 54
2016-09-30 724 472 83
2016-06-30 759 375 84
2016-03-31 606 312 81

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pan Hong Holdings Group's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Pan Hong Holdings Group 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:P36 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

SGX:P36 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 -0.05
2018-09-30 -0.04
2018-06-30 -0.01
2018-03-31 0.05
2017-12-31 0.12
2017-09-30 0.11
2017-06-30 0.10
2017-03-31 0.05
2016-12-31 0.11
2016-09-30 0.16
2016-06-30 0.16
2016-03-31 0.16

*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 Pan Hong Holdings Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pan Hong Holdings Group'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.
Pan Hong Holdings Group has a total score of 3/6, 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 Pan Hong Holdings Group 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 Pan Hong Holdings Group'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.
  • Pan Hong Holdings Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Pan Hong Holdings Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pan Hong Holdings Group's 1-year growth to the SG Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
Pan Hong Holdings Group'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 Pan Hong Holdings Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:P36 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 13.40 -24.94 30.41
2018-09-30 31.08 -21.89 29.16
2018-06-30 56.66 -7.28 29.31
2018-03-31 386.84 26.94 28.19
2017-12-31 488.70 61.41 -12.76
2017-09-30 569.37 58.83 -1.04
2017-06-30 770.77 49.58 10.73
2017-03-31 708.92 27.26 24.16
2016-12-31 728.02 54.03 78.42
2016-09-30 723.85 82.59 81.63
2016-06-30 759.22 83.50 81.70
2016-03-31 606.42 80.53 82.65
2015-12-31 788.46 70.55 82.50
2015-09-30 722.31 45.66 78.99
2015-06-30 536.74 48.98 75.49
2015-03-31 505.22 50.97 69.58
2014-12-31 487.65 89.67 68.72
2014-09-30 499.02 90.20 65.23
2014-06-30 497.65 97.85 63.32
2014-03-31 535.08 107.52 63.82
2013-12-31 544.25 77.52 63.10
2013-09-30 554.02 77.38 57.28
2013-06-30 530.65 67.74 52.83
2013-03-31 567.54 87.68 48.56
2012-12-31 475.78 60.34 27.61
2012-09-30 571.32 144.79 28.09
2012-06-30 630.45 148.00 43.35

*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.
  • It is difficult to establish if Pan Hong Holdings Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Pan Hong Holdings Group has efficiently used its assets last year compared to the SG Real Estate industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Pan Hong Holdings Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Pan Hong Holdings Group'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.
Pan Hong Holdings Group has a total score of 0/6, 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 Pan Hong Holdings Group'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 Pan Hong Holdings Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pan Hong Holdings Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pan Hong Holdings Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pan Hong Holdings Group'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 40.2x 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 Pan Hong Holdings Group Company Filings, last reported 3 months ago.

SGX:P36 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 601.79 48.55 553.51
2018-09-30 605.33 49.07 637.42
2018-06-30 648.01 59.20 576.29
2018-03-31 651.44 111.76 350.58
2017-12-31 2,238.15 1,201.67 681.02
2017-09-30 2,234.62 1,257.48 599.62
2017-06-30 2,256.02 1,085.61 433.53
2017-03-31 2,219.96 969.82 419.55
2016-12-31 2,160.38 879.64 414.08
2016-09-30 2,187.95 936.70 277.12
2016-06-30 2,233.27 925.56 195.24
2016-03-31 2,185.54 1,080.38 224.72
2015-12-31 2,124.86 1,143.56 269.94
2015-09-30 2,055.82 1,374.54 433.86
2015-06-30 2,061.52 1,462.03 368.97
2015-03-31 2,047.92 1,574.45 316.87
2014-12-31 1,998.72 1,318.97 207.04
2014-09-30 1,998.18 1,361.95 155.44
2014-06-30 1,989.89 1,031.22 38.23
2014-03-31 1,974.90 1,215.72 80.39
2013-12-31 1,879.18 1,124.27 289.55
2013-09-30 1,880.35 937.57 239.00
2013-06-30 1,894.64 866.27 254.10
2013-03-31 1,854.34 567.15 332.52
2012-12-31 1,799.80 539.47 314.14
2012-09-30 1,796.51 117.66 99.59
2012-06-30 1,829.88 119.75 109.91
  • Pan Hong Holdings Group's level of debt (8.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (59.8% vs 8.1% today).
  • Debt is well covered by operating cash flow (64.3%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Pan Hong Holdings Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Pan Hong Holdings Group'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. Pan Hong Holdings Group has a total score of 5/6, 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 Pan Hong Holdings Group'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
16.69%
Current annual income from Pan Hong Holdings Group dividends.
If you bought SGD2,000 of Pan Hong Holdings Group shares you are expected to receive SGD334 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?
  • Pan Hong Holdings Group's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.5%).
  • Pan Hong Holdings Group's dividend is above the markets top 25% of dividend payers in Singapore (5.43%).
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:P36 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%
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 5.4%

Industry and Market average data is calculated daily.

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

SGX:P36 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-07-13 0.073 16.101
2018-02-09 0.000 0.000
2017-11-13 0.000 0.000
2017-07-11 0.096 7.369
2017-02-14 0.097 10.709
2016-11-09 0.096 10.346
2016-07-12 0.073 7.770
2015-02-13 0.000 0.000
2014-11-13 0.000 0.000
2014-08-11 0.000 0.000
2014-05-29 0.000 0.000
2013-07-17 0.047 4.198
2012-06-07 0.048 4.009
2011-06-06 0.049 3.020
2010-07-19 0.024 1.099
2010-05-27 0.024 1.036
2010-02-10 0.000 0.000
2009-11-09 0.000 0.000
2009-08-12 0.000 0.000
2009-06-29 0.000 0.000
2009-05-28 0.000 0.000
2009-04-20 0.000 0.000

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

  • Whilst dividend payments have been stable, Pan Hong Holdings Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Pan Hong Holdings Group only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Pan Hong Holdings Group's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 Pan Hong Holdings Group'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 Pan Hong Holdings Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pan Hong Holdings Group has a total score of 2/6, 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 Pan Hong Holdings Group'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
Lam Ping Wong
AGE 63
TENURE AS CEO 13.3 years
CEO Bio

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 of overall business strategies and policies as well as the overall management of Pan Hong Holdings Group Limited. He has over 20 years of property development experience since he established Pan Hong Holdings Group Limited in 1983. Mr. Wong has been an Executive Director of Pan Hong Holdings Group Limited since January 3, 2006. He has been a Director of Jiangxi Ganxun Electronic Technology Ltd. since 1992. In 2004 and 2005, he was appointed a Director of Chaozhou Jinaote Sanitary Ware Ltd. and Huzhou Wei Yuan Tang Bio-Pharmaceutical Ltd. respectively. Mr. Wong completed a postgraduate course in Economics of Science and Technology and Management from the Zhejiang University of Technology in 2000. He holds an honorary degree of a Doctor of Business Management from Armstrong University. Co-owner of Extra Good Enterprises Ltd.

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

Average tenure of the Pan Hong Holdings Group management team in years:

4.6
Average Tenure
  • The tenure for the Pan Hong Holdings Group management team is about average.
Management Team

Lam Ping Wong

TITLE
Founder
AGE
63
TENURE
13.3 yrs

Ting Ngai

TITLE
Group Financial Controller & Company Secretary
TENURE
0.7 yrs

Yinjian Wang

TITLE
MD, GM & Group HR Manager

Cuiping Wang

TITLE
Executive Director

Angela Toh

TITLE
Company Secretary
TENURE
4.6 yrs
Board of Directors Tenure

Average tenure and age of the Pan Hong Holdings Group board of directors in years:

12.7
Average Tenure
64
Average Age
  • The average tenure for the Pan Hong Holdings Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Lam Ping Wong

TITLE
Founder
AGE
63
TENURE
13.3 yrs

Cuiping Wang

TITLE
Executive Director
TENURE
12.7 yrs

Haibin Zheng

TITLE
Independent Non-Executive Director
TENURE
12.7 yrs

Steven Choo

TITLE
Independent Non-Executive Director
AGE
66
TENURE
12.7 yrs

Wee Sim

TITLE
Lead Independent Director
AGE
53

Kin Sang Chan

TITLE
Non-Executive & Non-Independent Director
AGE
65
TENURE
12.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
X
Management checks
We assess Pan Hong Holdings Group'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. Pan Hong Holdings Group 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

Do Institutions Own Pan Hong Holdings Group Limited (SGX:P36) Shares?

A look at the shareholders of Pan Hong Holdings Group Limited (SGX:P36) can tell us which group is most powerful. … Pan Hong Holdings Group is not a large company by global standards. … Check out our latest analysis for Pan Hong Holdings Group

Simply Wall St -

Are Pan Hong Holdings Group Limited's (SGX:P36) Interest Costs Too High?

While small-cap stocks, such as Pan Hong Holdings Group Limited (SGX:P36) with its market cap of CN¥57.89m, 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 -

Cheap Real Estate Stocks This Week

Pan Hong Holdings Group and Goodland Group are real estate stocks on my list that are potentially undervalued, which means their current share prices are trading well-below what the companies are actually worth. … SGX:P36 PE PEG Gauge Jul 30th 18 Goodland Group Limited (SGX:5PC) Goodland Group Limited, an investment holding company, engages in real estate development activities in Singapore and Malaysia. … Additionally, 5PC’s PE ratio is trading at 5.22x while its Real Estate peer level trades at, 9.37x suggesting that relative to its comparable set of companies, we can invest in 5PC at a lower price.

Simply Wall St -

Did Pan Hong Holdings Group Limited (SGX:P36) Create Value For Investors Over The Past Year?

Pan Hong Holdings Group Limited (SGX:P36) performed in line with its real estate development industry on the basis of its ROE – producing a return of 3.64% relative to the peer average of 6.56% over the past 12 months. … But what is more interesting is whether P36 can sustain or improve on this level of return. … Check out our latest analysis for Pan Hong Holdings Group

Simply Wall St -

Does Pan Hong Holdings Group Limited's (SGX:P36) PE Ratio Warrant A Sell?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between Pan Hong Holdings Group Limited (SGX:P36)’s fundamentals and stock market performance. … Pan Hong Holdings Group Limited (SGX:P36) is currently trading at a trailing P/E of 9.7x, which is higher than the industry average of 9.1x.

Simply Wall St -

June Fundamental Stock Pick: Pan Hong Holdings Group Limited (SGX:P36)

I've been keeping an eye on Pan Hong Holdings Group Limited (SGX:P36) because I'm attracted to its fundamentals. … is a company that has been able to sustain great financial health, trading at an attractive share price. … report on Pan Hong Holdings Group here

Simply Wall St -

Pan Hong Holdings Group And Other Top Discounted Real Estate Stocks

Pan Hong Holdings Group and OUE Commercial Real Estate Investment Trust are real estate stocks on my list that are potentially undervalued, which means their current share prices are trading well-below what the companies are actually worth. … SGX:P36 PE PEG Gauge Jun 18th 18 OUE Commercial Real Estate Investment Trust (SGX:TS0U) OUE C-REIT is a Singapore real estate investment trust listed on the Main Board of Singapore Exchange Securities Trading Limited. … More on OUE Commercial Real Estate Investment Trust here.

Simply Wall St -

Company Info

Description

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. The company is also involved in interior and exterior decoration, and furnishing activities; information technology development; and wholesales and household products related activities. In addition, it engages in the operation and management of hotels; the provision of property consultation services; general trading and consultancy services businesses; corporate and investment management businesses; and the provision of pharmaceutical inspection services. Pan Hong Holdings Group Limited 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.

Details
Name: Pan Hong Holdings Group Limited
P36
Exchange: SGX
Founded: 2005
SGD45,595,681
512,311,024
Website: http://www.pan-hong.com
Address: Pan Hong Holdings Group Limited
Hunghom Commercial Centre,
Tower B,
Hunghom,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX P36 Ordinary Shares Singapore Exchange SG SGD 20. Sep 2006
Number of employees
Current staff
Staff numbers
295
Pan Hong Holdings Group employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 12:42
End of day share price update: 2019/03/27 00:00
Last earnings filing: 2019/02/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.