KLSE (MYR): BIMB (5258)
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Last Price
2.50
Today's Change
+0.02 (0.81%)
Day's Change
2.49 - 2.51
Trading Volume
635,800
2024-05-13
2024-05-13
2024-05-13
2024-05-10
2024-05-10
DividendGuy67
858 posts
Posted by DividendGuy67 > 2 months ago | Report Abuse
It is amazing when you track its NTA growth over the past 10 years - this small growing stock has consistently grown its NTA by 14% per annum CAGR over past 10 years. It's NTA is 3.29. It's trading at 2.44, below Book Value, for a bank that grows its equity at the rate of 14% per annum over past 10 years ... it was so overlooked by the market.
It's Dividend Payout ratio is only 38% ... not stretching at all. This stock grows its Net Worth and grows its earnings and is having a conservative dividend payout ratio. And when I entered at an average cost of 1.87, it was yielding 7.2% dividend yield. What a bargain then.
It pays to own overlooked stocks when everyone was afraid and nobody wants to own it when it was crashing back in May 2022.
I know this bank's value and with a price action like this, there's no rush to take profits on its way up. I may trim it so that it doesn't become too big a proportion but otherwise, the strategy is still to sit tight on your winners and sit tight on your losers, so that your winners become a larger proportion of your portfolio and your losers naturally become a smaller proportion of your portfolio so that your portfolio can keep making new all time highs regularly especially when you own a portfolio of sound, good fundamental stocks and businesses ...