Financial Result of HUAYANG (as at 30/09/2012 & 31/12/2012)

HUA YANG BERHAD

Financial Year End	31/03/2013
Quarter	2
Quarterly report for the financial period ended	30/09/2012
The figures	have not been audited

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2012	30/09/2011	30/09/2012	30/09/2011
		$$'000	$$'000	$$'000	$$'000
1	Revenue	103,704	76,128	201,668	137,879
2	Profit/(loss) before tax	22,630	18,888	45,030	34,147
3	Profit/(loss) for the period	17,060	13,912	33,530	25,424
4	Profit/(loss) attributable to ordinary equity holders of the parent	17,060	13,897	33,530	25,377
5	Basic earnings/(loss) per share (Subunit)	11.26	9.65	22.69	17.62
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.9400		1.8600

SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2012	31/12/2011	31/12/2012	31/12/2011
		$$'000	$$'000	$$'000	$$'000
1	Revenue	104,604	84,251	306,272	222,130
2	Profit/(loss) before tax	26,993	19,781	72,023	53,928
3	Profit/(loss) for the period	19,934	14,580	53,464	40,004
4	Profit/(loss) attributable to ordinary equity holders of the parent	19,934	14,569	53,464	39,946
5	Basic earnings/(loss) per share (Subunit)	10.07	7.94	28.00	21.76
6	Proposed/Declared dividend per share (Subunit)	5.00	0.00	5.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.6500		1.8600

按兵不動一段日子，加上被無聊的工作壓得喘不過氣，也沒有在這裡update到季報。=.=|||

趁現在有空，稍微做個記錄。

除了大選者和房產泡沫可能性這兩大不確定因素，成績單表面來看都還是挺正面。

年報出來后才做詳細研究，暫時不排除先售選后再買囘的可能性。

另外，每股RM0.0375（RM0.05-RM0.0125）的股息將會在28/02/2012收到，袋袋平安啊~

Financial Result of ARREIT (as at 30/09/2012)

Quarterly rpt on consolidated results for the financial period ended 30/9/2012

AMANAHRAYA REAL ESTATE INVESTMENT TRUST

Financial Year End	31/12/2012
Quarter	3
Quarterly report for the financial period ended	30/09/2012
The figures	have not been audited

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2012	30/09/2011	30/09/2012	30/09/2011
		$$'000	$$'000	$$'000	$$'000
1	Revenue	16,786	16,184	50,086	48,914
2	Profit/(loss) before tax	10,793	10,379	30,706	32,215
3	Profit/(loss) for the period	10,793	10,379	30,706	32,215
4	Profit/(loss) attributable to ordinary equity holders of the parent	0	0	0	0
5	Basic earnings/(loss) per share (Subunit)	1.88	1.81	5.36	5.62
6	Proposed/Declared dividend per share (Subunit)	1.79	1.72	5.26	5.34
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0490		1.0475

Diam diam 收錢，結果幾乎都忘了 ARREIT 的存在，好像很久沒留意它了。=.=|||

ARREIT沒有買進新的產業，收到的租金自然也不會有太大的增長，收到的租金和花費的增加勉強還算是成正比，income distribution 自然也不會有什麽大躍進了。以目前的價位，0.93 來説，一年的 net income distribution 都還有 7% 左右，拿來取代 FD 算是不過不失了。

ARREIT目前的隱憂：

1. 銀鳥集團（Silver Bird）續約能力市目前最大的隱憂。雖然銀鳥的擔保人在6月是解了它無力償還租金的窘境，但也只能維持到01/2013，距離現在也只剩下2個月了。須知道銀鳥是 ARREIT 的主要租戶之一，佔 ARREIT 10%+- 的租金收入。
2. Wisma Amanahraya (Damansara)的租約將于 07/2013 expired，目前租戶 CIMB Investment Bank Berhad 估計不會續約（會搬去KL Sentral）。

希望 ARREIT 的管理層能夠積極解決上述隱憂，不然它的價位 + 派息能力勢必受影響…… 也希望 ARREIT 能夠積極一點去發展，好好利用剩餘的貸款空間（目前 gearing ratio 0.35左右，可以去到0.5）。

目前保持觀望態度，由於大選將至，也不排除大選前清空所有的票握現金，先看看再説咯。

Financial Result of MAYBANK (as at 30/09/2012)

Quarterly rpt on consolidated results for the financial period ended 30/9/2012

MALAYAN BANKING BERHAD

Financial Year End	31/12/2012
Quarter	3
Quarterly report for the financial period ended	30/09/2012
The figures	have not been audited

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2012	30/09/2011	30/09/2012	30/09/2011
		$$'000	$$'000	$$'000	$$'000
1	Revenue	6,970,893	6,074,346	20,505,179	16,923,426
2	Profit/(loss) before tax	2,024,838	1,840,485	5,945,274	5,144,587
3	Profit/(loss) for the period	1,534,459	1,366,190	4,379,780	3,805,674
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,500,690	1,328,047	4,285,111	3,624,963
5	Basic earnings/(loss) per share (Subunit)	19.11	17.76	55.40	48.47
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	32.00	32.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	4.7290		4.4920

MAYBANK第三季的業績依然維持著不錯的成績，營業額和盈利分別提升了14.76%和13% 左右。三季下來，EPS累積了55.40仙，比較去年的48.47仙，雖不是大幅成長，但至少穩步上升，還算不錯。

個人預測MAYBANK下一季的業績應該不會有太大的落差，全年業績依然標青，就擔心大選會拖累股價。但稍微調整也不是壞事，可以把握時機加碼。當然，最期待的還是下一季會公佈的股息，有望提得更高一點嗎？:p

把MAYBANK作爲現金牛來看的話，這股實在值得持有。但鑒于大選將至，加碼還是免談了，保本至上，留得青山在不怕沒柴燒啊。怕死的我最近都在累積本錢，偶爾“小賭”一把，還真有點悶~