Media Chinese International Limited is an investment holding company. The principal activities of its subsidiaries are the publishing, printing and distribution of Chinese language newspapers, magazines and books. The Company operates in four segments: publishing and printing in Malaysia and other Southeast Asian countries; publishing and printing in Hong Kong and Mainland China; publishing and printing in North America, and travel and travel related services. It's flagship Website in Malaysia is Sinchew-i.com. In Hong Kong and Mainland China its Ming Pao Daily News provides coverage of social, political and economic issues. Mingpao.com provides users around the world with a source of Chinese online news content, covering a spectrum of subjects, including news, current affairs, finance, health, entertainment and lifestyle. As of March 31, 2011, it held 73.18% interest in One Media Group Limited. In September 2011, the Company disposed of Media Connect Investment Limited.
HustleThis is too much,used our M'sia investors money RM450,000 to rewards for the arrest of the Ming Pao ex-editor attacker, duration of the rewards will be effective for 10 years. Our M'sia investors really looks like soh hai by the Hongkee.
wplounThis company 3 year dividend increase, mean company earn money. Dividend (2013) = 46,15cent, Dividend (2012)= 8.33cent, Dividend (2011) = 6cent. Can hold for longterm ????
Hustlewploun seems like you forget to type -40sen at the 2013 dividend :)
Base on the China Press daily reporting, seems like the ex HK editor already conduct some conflict with the HK thugs, hope that it won't affect their oversea business.
Patrick Ngianthat's why he has been replaced..i don't believe there is no true freedom to speech now in hong kong... at least china won't allow them to say or disclose anything they want..
vaentecBalance sheet looks ugly. Everything else is fine.
vaentecI think..many people has been fooled by the dividend paid out of 41 cents. Dividend paid out was borrowed from others. There should be no increase in the intrinsic value of the stock but as decrease of 41 cents. Plus the long term effect of the high debt will doom this company. An increase of interest will see this company fall and it is very likely there will be interest rates hike by2017. IIt's a good business model but the financial position is just too risky an investment.
rlchLatest quarterly report has shown net gearing reduce from 33% to current 21% so expect reduction in interest expense going forward. Those buying now is not a fool as downside risk is limited as it is supported by attractive dividend yield above 5%.
Patrick NgianInterest rate increase will be good for the company. But not good for the bond holder as price of bond will drop. And they already issued Aa1 bond to pay back their short term borrowing. It will reflect on the next financial report.
vaentecFrankly, i am eyeing on this company as it has some kind of monopoly on Chinese media in malaysia,however, my criteria for a stock is for it to have very low debt. Would love to own this company but for now, i need to see improvement on the financial position before i am comfortable to invest heavily. Good luck.