HEXZA (3298) - HEXZA: List of Articles on It + Who have Discovered this Hidden Gem

HEXZA (3298) - HEXZA: List of Articles on It + Who have Discovered this Hidden Gem


Is Hexza a hidden gem? Have you discovered it while others are still not aware of it?
If you think Hexza is just a “stone”, has no much value, and the rest of this article does not deserve your time to read, thank you very much and have a nice day! Don’t waste time to put comments below.
The purpose of this article is to summarize key points of articles published on HEXZA in recent years. It’s also interesting to see who were able to find it out at the right time and at the right price.
Figure 1: Hexza Price Chart.

DATE	Article	Author	Key Points	Remarks
08/11/2013	Hexza and Graham net-net and high dividend yield investing strategy	kcchongnz	Hexza announced a dividend of 10% on 24th October 2013. At the close of 77.5 sen this morning, the dividend yield amounts to 6.5%. This is twice the interest rate one can get from putting the money in fixed deposit in bank. Isn’t that good? Referring to Hexza’s latest financial statements as at 30 June 2013, there is plenty of hard cash available. Free Cash Flow amounts to 20m, or 9.5 sen per share. It has an excess cash of 130m, or 65 sen per share in its balance sheet.	Hexza qualifies as Graham net net investment strategy with a wide margin of safety. It can also stand on its own as a value investment stock as a going concern with the high dividend yield investing strategy.
12/02/2015	[转帖] 价值股精选- Hexza	糊涂	Hexza交出了亮眼的成绩单 它的股价还是在低处徘徊 公司也公布了与Tembusu Industries Pte. Ltd签署了买下电力资产，过后回租于Tembusu -10年 这项投资预计能够为公司带来约1分的每股净盈利 这种公司买了绝对安心，再加上四平八稳的5.3%DY的股息，就算住套房也不会饿死了。	Hexza最少也 要值RM1.23
15/02/2015	(Icon) Hexza Corp - Manufacturer of Formaldehyde Based Adhesive and Resins	Icon8888	Strong balance sheets. The group has net cash of RM72.5 mil, equivalent to 36 sen per share (share price now 80 sen).
09/04/2015	HEXZA: My Selected Viewpoints Retraced	Bugle	HEXZA's share price has increased from its low of 50+ cents to about 80 cents in 2-3 months with increased trading volume. some big players already in HEXZA Foong brothers bought back the shares HEXZA has been undervalued for so many years	Note written on Nov 16, 2013 I think the chance for HEXZA's price to go up some more is rather high and it would be unwise to sell the share at any price below RM1.
21/07/2015	Hexza - One Hex Higher Or Click Hexza - One Hex Higher	Bonescythe	Blog content not available in I3Investor Riding On A High Return Lease The purchase and leaseback agreement will be seeing a gross contribution of 2.96 cents for a financial year for 10 years. (USD 1,562,460 x 3.8) / 200,380,000 shares = 2.96 cents (EPS) Small Wind Fall from Asset Disposal The disposal will be looking to enhance the NTA of the company by 3.29 cents. RM 6,600,000 / 200,380,000 shares = 3.29 cents Solid Fundamental	Removed? Why? Bone's short term TP: RM 1.00
27/07/2015	Hexza gains traction	YVONNE TAN, The Star	In the late 1990s, the stock was among the favourites trading at above RM2.50 On Feb 11, the company announced to the stock exchange that it had entered into a sale and purchase and lease agreement with Singapore’s Tembusu Industries Pte Ltd for it to buy from, and lease back, engineering equipment to Tembusu, indirectly giving itself a recurring income for the next 10 years. Back-of-the-envelope calculations show that it will reap some US$9.6mil return on investment from this purchase and lease deal The second announcement was in March where Hexza said its subsidiary, Norsechem Resins Sdn Bhd (NRSB), would sell off its loss-making manufacturing building and 2.83ha in Klang for RM17mil. Based on the latest net book value of the land and property, which stands at RM10.4mil, Hexza stands to gain some RM6.6mil from the disposal, which shall increase the company’s earnings per share by about 3.3 sen for the financial year ending June 30, 2016 (FY16).
03/09/2015	[转贴] Hexza Q4'15 成绩单 - 糊涂		买入的理由如下： 电力资产租金开始为集团贡献盈利，为期10年(美元资产，该加分！) 建议售卖巴生地段预计获利6.6mil或每股3.3分。 停止亏损业务，专注于赚钱并有成长潜能的沙捞越resin业务与怡保的Ethanol业务，相信生产部将获得更佳的赚幅。 售地获得的资金无论是放在FD或投资，都可以获利。总比守着亏损的业绩强，还有机器若能够顺利脱手，可算是红利了。(每股现金相信会再次增加了) 逐年增加的股息，现在买入10月就有4.5分股息，明年业务若大好，或许股息还能够提升少少。
17/11/2015	HEXZA - Chemical Solution	Gainvestor	HEXZA got a lot of hidden surprises and i hope one by one will be surfaced out. Particularly i like the net cash and also efficient management. - Riding the wind of exploding exporting strengthening USD wood products in formaldehyde. - Will be announcing the Q result in this month, November 2015 - The management is efficient and effective in identifying the root cause of the problems and solving the problems. - With regards to depreciating RM, they had S&P and Leaseback of US6 million to Tembusu and they are expected to have foreign exchange gain on top of the US 390,165 per quarter and the rental profit will be pumped in this month. - Next, to solve the over-capacity in the production of formaldehyde resins in Semenanjung Malaysia, they had decided to discontinue the NRSB and currently still in the negotiation phase with Crystal Dignity to dispose off the asset amounting to RM17 million. - High Dividend Yield (4.81%) higher than FD, with the dividend of 4.5 sen ex on 24 November 2015. - Volumes are picking up these few days with an uptrend channel being drawn. - Double bottom spotted with resistance at 0.94, if break the resistance, then sky is the limit.	Gainvestor short term TP: 1.00
23/11/2015	HEXZA - Post Q1 2016	Gainvestor	Explained why the net profit increased so much With fundamental and technical analyses	Gainvestor long term TP: 1.20
01/12/2015	Insider Asia’s Stock Of The Day: HEXZA (01/12/2015)	The Edge Financial Daily	HEXZA offers investors an attractively priced exposure to two fast growing sectors that are major beneficiaries from the depreciating ringgit — wood products and pharmaceuticals — with low valuations and stable dividends. Hexza has a strong balance sheet with net cash of RM60.9 million as at end-September 2015. This amounts to 30.4 sen per share, or 34.5% of its current market capitalisation. Dividends stood at 4 sen per share from FYJune2011-2014 and rose to 4.5 sen for FY2015, giving a decent yield of 5.1%. Its balance sheet will strengthen further next year. A subsidiary — Norsechem Resins Sdn Bhd, will dispose its land and buildings by March 2016 for RM17 million cash.
25/01/2016	HEXZA: 2016年最值得期待的十大价值股之一	Bugle	期待什么？ 1. EPS 会比去年高，相当肯定！ 2. DPS会比去年高，主席讲的。 3. 如果1和2都相当肯定，股价再冲新高，那应该都是我们这些默默守候的价值型小股东所期待的吧。但愿如此！
03/09/2016	【THE EDGE】10 small-cap dividend stock, what's your choices?	THE EDGE 股海無涯	Hexza is in the list
05/09/2016	Looking for small caps with growing dividends	Surin Murugiah/ THE EDGE	Hexza is in the list
02/10/2016	HEXZA: What, When, and Why on It and The Answers from A Minority Shareholder	Bugle	The point is: When it’s still undervalued! So, why it's still undervalued? The possible explanation could be, as of now, we haven't seen a prominent investor that has accumulated enough shares and the timing for him/her to push the share price up is yet to come. See the latest annual report for the top-30. Who you guess will be the next prominent investor in HEXZA?	I think it's worth at least RM1.10 per share
26/10/2016	HEXZA: A Sure Profitable Company in 2017 and the Years that Follow	Bugle	Explained how do we know that the company is going make more profit in 2017 than the previous year Simple calculation of the 3 items above already show a projected EPS of at least 12 cents for financial year 2017.	How about the profit to be made from its ordinary businesses?  That, let’s wait and see the company’s financial result in the coming quarters.
26/10/2016	Hexza - Stronger Footing	Bonescythe	Hexza will be a considered as a good equity that had the characteristic of weathering volatile economy sentiment. With a foreseeable dividend of at least 4.5 cents for the next 3 years, at the price of RM 1.00, this company will still be able to provide a yield of 4.5% to it's shareholder. At RM 1.10, the company is still yielding slightly above 4%.	Bone's TP : RM 1.10
30/10/2016	HEXZA: A Hint on the Change of Dividend Policy?	Bugle	Similar hints for other companies can be found from Bursa's website. For example, POHUAT, which later proved to be true. As the HEXZA's profits are expected to increase for the coming years, I think it's very likely that the BOD will be considering something to reward the shareholders, like special dividend and/or bonus. Why not? If so, all shareholders will be happy and even more appreciate as shareholders of HEXZA.	All are winners: the substantial shareholders, the loyal shareholders, the minority shareholders. The only loser: the one who's thinking to buy shares of HEXZA, but for whatever reasons, didn't!
24/11/2016	HEXZA: 2017年包赚钱的公司！	Bugle	重点是：2017年，它是一间包赚钱的公司！Note: 26-10-2016写的文章，当时2017年第一季的业绩还没公布。 股息四分半，18-11-2016除权后，股价并没有因此而套利走软。令股东感到兴奋的是当天公布的亮丽业绩。	写此文章的重点是想提出一些问题让自己去思考:  如此素质的公司，应该值多少？我个人觉得它不止这个价钱。是我高估了它，还是Mr Market低估了它？没关系，不急着要知道答案。反正2017年，HEXZA是一间包赚钱的公司！就等多一年，等看了明年股息，再作检讨。
25/11/2016	Stock With Momentum: Hexza Corp	The Edge Financial Daily	This marks the fifth time this year the stock has triggered our momentum algorithm At the current share price, Hexza is trading at 0.79 times its book value with a 12-month trailing price-earnings ratio of 8.26 times. It has a 12-month dividend yield of 9.52%
23/02/2017	HEXZA: 从资产被低估的价值股到盈利增加的成长股	Bugle	Update数据 最新业绩出炉后，第二季度EPS=4.7，增加235%，上半年每股净赚12.1分，股价冲上一年新高RM1.10。 做简单的假设，如果HEXZA第三和第四季度都能够维持EPS各4分的话，全年每股净赚20分的公司，我个人觉得它不止这个价钱。 分享我对“HEXZA: 从资产被低估的价值股到盈利增加的成长股”的一些个人观点。 就如主席讲的，如果公司将来要通过合拼和收购方案来推动成长，身为小股东的我，并不会感到意外，其实是还蛮期待的。
10/03/2017	浅谈 HEXZA	乡下小子	今年的股息派发， 值得期待一下。
20/03/2017	HEXZA: A Sure Profitable Company in 2017 (An Update of Some Recent Developments)	Bugle	The company made about RM4mil profit from the sale of quoted securities. This is a realized EPS of about 2 cents per share, which will be included in the forthcoming financial result in May. Then what about the cash of RM20.2 mil from the sale? Don’t miss the RM55.08 mil – RM51.21 mil figures! That’s could be another RM4mil profit to be included in the 4th quarter result.	If so, a company that is going to make 20 cents EPS a year with current share price of 1.12, what do you think?
18/04/2017	HEXZA: One of the Major companies profiled in the report by Allied Market Research	Bugle	Who are buying and/or accumulating HEXZA's shares? Why? I found out that it's the Lim's family members of Annjoo. The reason why, I guess it's because they knew Hexza better than the rest of the minority shareholders. (Note: I used google map to find HEXZA's Ipoh HQ, and found out that Annjoo is just opposite of it.). Besides that, do you realised that some of the "super-investors" in recently skyrocketing stocks (like Superln, Latitude, Annjoo and so on) are also appeared in the top-30 list.	When will be HEXZA’s turn? Only time will tell, and the timing is getting closer and closer. Hopefully!
When?	What?	Who?	Why?	And How?

In conclusion, Hexza’s share price has gone up some recently, a reflection of some recent positive developments. However, given its solid fundamentals (like cash per share, EPS, PE, DY, and NTA), its performance is still far lagging behind its peers. I think it might need surprise news like increased and/or special dividends, bonus, and take over, merger and acquisition to gain more interest from its existing shareholders and potential investors. Will it happen? When? Who can make it happen? To a large extent, it’s Hexza’s BOD and/or top-management.
Let's wish an above-expectation financial result that's coming very soon. With this, sooner or later, the share price will eventually go up.
Good luck to all existing and “potential” HEXZA's shareholders!
Just for sharing
By Bugle
Disclaimer: The purpose of writing/publishing articles in my personal blog is for self-interest and sharing only. If you like and enjoy reading my articles, your comments are most welcome. The outcome of your own trading decision, you bear.
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HEXZA (3298) - HEXZA: List of Articles on It + Who have Discovered this Hidden Gem
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