As mentioned earlier, base on last 3 years’ sales figures, OSKProp might overtake Huayang in term of revenue and profit. In contrary to some analysts who do not expect a good year for property sector this year, property sector actually does quite well in term of sales and boutiques near me price performance. I think not many investors will deny that Huayang is a great stock to own for long term. In term of dividend, generally Huayang pays more dividend per share due to its superior earning. We can look into their recent sales figures as this will give some earning visibility for the near future. It is clear that Huayang depends a lot on its successful One South project in Seri Kembangan, while the near future earning of OSKProp will be hugely supported by its high-GDV Pangaea in Cyberjaya. Survival. Someone who does not have enough money/resources to survive and provide for his most basic needs will be desperate to get more, because his life depends on it. While my ego would like to push me towards believing that I can value companies better than others, that is a delusion that I gave up on a long time ago and it is one reason that I have always shared my valuation models with anyone who wants to use them.
Who has a brighter future? How about the future earnings of both companies? However, this will also depend on their respective sales this year and in the future. OSKProp locked in more new sales compared to Huayang every year for the past 3 years. For the past 3 years, Huayang spends almost 2 times more than OSKProp for land acquisition. Now we know that the rebound does not actually happen for the past one and a half month. When the share price started to drop from RM2.40 in early Nov14, I was still waiting for a rebound. On the 31st of December, Royce & Associates sold 498 thousand Synalloy Corporation (SYNL) shares for $3.9 million at an average price of $7.80 per share. Perhaps when the stock price keeps on breaking new high, it kind of stops you from buying. This is due to greed as I was waiting to sell at higher share price.