InvestIdeas

Haw Par sees 46% jump in FY18 earnings to $179.1 mil; proposes final and special dividends totalling $1 per share
https://www.theedgesingapore.com/haw-pa ... ng-1-share

Haw Par 1Q earnings up 14% to $22.1 mil on higher revenue
https://www.theedgesingapore.com/haw-pa ... er-revenue

not vested

Haw Par Corporation Limited (SGX: H02) manufactures healthcare products and owns long-term investments in stocks, property, and leisure assets.

Its principal activity is the licensing of the Tiger brand, which includes products such as Tiger Balm and Kwan Loong.

It also owns 74.8 million shares of United Overseas Bank Limited (SGX: U11) and 72.0 million UOL Group Limited (SGX: U14), along with four properties and Underwater World Pattaya.

Impressively, Haw Par Corporation’s healthcare segment has grown at a remarkable (and consistent) rate, despite the emergence of numerous substitutes to Tiger Balm.

From 2007 to 2018, revenue and profit from its healthcare segment rose at annual rates of 10.8% and 16.5%, respectively.

Most recently, first-quarter revenue spiked 22.3%, while net profit increased 14.1%, driven by higher demand for its healthcare products.

Haw Par Corp also has a rock-solid balance sheet. As of March 2019, the group boasted a net cash position of S$506.6 million and generated a further S$6.3 million from operating activities in the first three months of the year.

But what makes the company appealing to me is the fact that its shares have gone somewhat unnoticed in the stock market.

At the time of writing, shares of Haw Par Corporation Limited trade at S$13.95 per piece, giving it a market capitalisation of S$3.08 billion. That gives it a price-to-book ratio of one and a price-to-earnings ratio of 17.

Considering that the company has around S$2.95 billion in cash and marketable securities on its balance sheet, its current share price looks like a steal.

Source: Motley Fool

Haw Par roars to 10.2% rise in 2Q earnings to $90.5 mil on continued demand for Tiger Balm
https://www.theedgesingapore.com/capita ... tiger-balm

Haw Par's net profits inch up 1.8% to $182m in 2019
https://sbr.com.sg/healthcare/more-news ... 2m-in-2019

not vested

Haw Par's roar muffles with a 19.1% drop in earnings to $91.0 mil in 1H2020

by Amala Balakrishner

Earnings of Tiger Balm maker Haw Par Corporation dropped 19.1% to $91.0 million in 1H2020 ended June, from $112.5 million a year ago, due to the lockdowns and travel restrictions imposed globally to curb the transmission of coronavirus.

This translated to lower earnings per share of 41.1 cents on a fully diluted basis in 1H2020, compared to 50.9 cents in 1H2019.

Revenue for the six month period plunged 43.6% to $80.9 million, following the uncertain economic outlook and the sudden standstill faced by the tourism sector in some markets.

Cost of sales correspondingly decreased by 36.8% to $37.3 million due to a dip in the demand for the corporation’s healthcare products.

Other income meanwhile rose by 6.3% to $74.3 million, thanks to an increase in dividend income to $68.7 million and a surge in miscellaneous income to $2.2 million.

Conversely, distribution and marketing expenses were down 34.5% to $18.6 million due to a cut back in expenditure in advertisement and promotional activities in the first half of the year.

Similarly, general and administrative expenses were down 25.5% to $4.5 million from lower staff costs and gains in foreign exchange in 2020, compared to the net foreign exchange loss faced in 2019.

The group also had a 44% drop in its finance expenses to $61,000 thanks to its full repayment of a bank borrowing.

As at June 30, cash and cash equivalents stood at $579.9 million 24.6% up from the $407.3 million held at the end of 1H2019.

The group has recommended a first and interim dividend of 15 cents for the period, to be paid in September. The same amount was paid out in 1H2019.

It adds that its “results will be further impacted by the expected reduction in dividend income from its strategic investment portfolio, which is likely to experience significant fluctuations in its valuation amid the uncertainties”.

Source: The Edge

https://www.theedgesingapore.com/capita ... mil-1h2020

Haw Par Corporation posts 34.3% lower FY20 net profit of $119.8 mil, maintains dividends
https://www.theedgesingapore.com/capita ... -dividends

Haw Par nearly doubles 2HFY2021 earnings to $57.1 mil
https://www.theedgesingapore.com/capita ... gs-571-mil

Haw Par reports 45.8% higher 1HFY2022 earnings of $77.2 mil
https://www.theedgesingapore.com/capita ... gs-772-mil

Haw Par posts 34.7% growth in FY2022 earnings to $148.3 mil
https://www.theedgesingapore.com/capita ... s-1483-mil