Heng Huat Resources Group Bhd
HHRG Berhad, an investment holding company, engages in the manufacture and trading of coconut biomass materials and value-added products in Malaysia, the United Kingdom, Japan, China, and internationally. It operates through Biomass Material and Value-added Products; Furniture Products; Money Lending Services; and Investment Holding and Others segments. The company manufactures and trades coconut… Read more
Heng Huat Resources Group Bhd (0175) - Net Assets
Latest net assets as of December 2025: RM288.58 Million MYR
Based on the latest financial reports, Heng Huat Resources Group Bhd (0175) has net assets worth RM288.58 Million MYR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM322.81 Million) and total liabilities (RM34.23 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM288.58 Million |
| % of Total Assets | 89.4% |
| Annual Growth Rate | 13.21% |
| 5-Year Change | 553.46% |
| 10-Year Change | N/A |
| Growth Volatility | 85.24 |
Heng Huat Resources Group Bhd - Net Assets Trend (2015–2024)
This chart illustrates how Heng Huat Resources Group Bhd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Heng Huat Resources Group Bhd (2015–2024)
The table below shows the annual net assets of Heng Huat Resources Group Bhd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM231.51 Million | +12.75% |
| 2023-12-31 | RM205.34 Million | +8.49% |
| 2022-12-31 | RM189.27 Million | +47.65% |
| 2021-12-31 | RM128.19 Million | +261.83% |
| 2020-12-31 | RM35.43 Million | -1.78% |
| 2019-12-31 | RM36.07 Million | -54.31% |
| 2018-12-31 | RM78.95 Million | -0.48% |
| 2017-12-31 | RM79.33 Million | +4.60% |
| 2016-12-31 | RM75.84 Million | +0.06% |
| 2015-12-31 | RM75.79 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Heng Huat Resources Group Bhd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 10.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM40.14 Million | 19.25% |
| Other Components | RM168.40 Million | 80.75% |
| Total Equity | RM208.54 Million | 100.00% |
Heng Huat Resources Group Bhd Competitors by Market Cap
The table below lists competitors of Heng Huat Resources Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alfa Energi Investama Tbk PT
JK:FIRE
|
$7.32 Million |
|
Evogene
NASDAQ:EVGN
|
$7.32 Million |
|
Sundance Strategies Inc
OTCQB:SUND
|
$7.32 Million |
|
Northview Acquisition Corp
NASDAQ:NVAC
|
$7.32 Million |
|
MANAGEM
BC:MANAGEM
|
$7.31 Million |
|
Delek Automotive Systems Ltd
TA:DLEA
|
$7.31 Million |
|
Greenvale Energy Ltd
AU:GRV
|
$7.31 Million |
|
"Clip Money Inc."
V:CLIP
|
$7.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heng Huat Resources Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 183,033,891 to 208,540,000, a change of 25,506,109 (13.9%).
- Net income of 8,572,000 contributed positively to equity growth.
- New share issuances of 13,175,000 increased equity.
- Other factors increased equity by 3,759,109.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM8.57 Million | +4.11% |
| Share Issuances | RM13.18 Million | +6.32% |
| Other Changes | RM3.76 Million | +1.8% |
| Total Change | RM- | 13.94% |
Book Value vs Market Value Analysis
This analysis compares Heng Huat Resources Group Bhd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.28x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.08x to 0.28x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.72 | RM0.06 | x |
| 2017-12-31 | RM0.75 | RM0.06 | x |
| 2018-12-31 | RM0.68 | RM0.06 | x |
| 2019-12-31 | RM0.31 | RM0.06 | x |
| 2020-12-31 | RM0.11 | RM0.06 | x |
| 2021-12-31 | RM0.18 | RM0.06 | x |
| 2022-12-31 | RM0.20 | RM0.06 | x |
| 2023-12-31 | RM0.21 | RM0.06 | x |
| 2024-12-31 | RM0.22 | RM0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heng Huat Resources Group Bhd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.95%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.45x
- Recent ROE (4.11%) is above the historical average (-13.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 11.61% | 9.67% | 0.68x | 1.75x | RM1.22 Million |
| 2016 | 0.06% | 0.05% | 0.53x | 2.10x | RM-7.54 Million |
| 2017 | 0.46% | 0.32% | 0.69x | 2.12x | RM-7.57 Million |
| 2018 | -4.44% | -3.05% | 0.75x | 1.93x | RM-11.40 Million |
| 2019 | -118.86% | -41.99% | 0.87x | 3.26x | RM-46.48 Million |
| 2020 | -56.90% | -27.39% | 0.95x | 2.19x | RM-23.70 Million |
| 2021 | 11.49% | 14.23% | 0.48x | 1.68x | RM1.91 Million |
| 2022 | 16.07% | 17.17% | 0.62x | 1.52x | RM10.07 Million |
| 2023 | 3.87% | 5.70% | 0.46x | 1.46x | RM-11.22 Million |
| 2024 | 4.11% | 6.95% | 0.41x | 1.45x | RM-12.28 Million |
Industry Comparison
This section compares Heng Huat Resources Group Bhd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $415,799,607
- Average return on equity (ROE) among peers: 0.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Heng Huat Resources Group Bhd (0175) | RM288.58 Million | 11.61% | 0.12x | $7.31 Million |
| Green Ocean Corporation Bhd (0074) | $20.50 Million | 0.66% | 1.26x | $2.01 Million |
| MAG Holdings Berhad (0095) | $767.53 Million | 4.45% | 0.40x | $29.82 Million |
| Greenyield Bhd (0136) | $68.86 Million | 7.90% | 0.29x | $3.29 Million |
| Matang Bhd (0189) | $246.80 Million | 1.06% | 0.02x | $17.51 Million |
| Pinehill Pacific Bhd (1902) | $110.00 Million | -10.00% | 2.40x | $6.70 Million |
| Chin Teck Plantations Bhd (1929) | $616.00 Million | 8.60% | 0.02x | $63.22 Million |
| Kretam Holdings Bhd (1996) | $607.72 Million | -6.37% | 0.35x | $46.24 Million |
| Negri Sembilan Oil Palms Bhd (2038) | $596.00 Million | -0.67% | 0.11x | $25.76 Million |
| TDM Berhad (2054) | $708.78 Million | -4.16% | 1.46x | $24.43 Million |