This is a good conglomerate with stable earnings and dividend history over past 8 years.
- Dividend history past 8 years: Ranges from 25 sen to 35 sen, with last FYE = 30 sen.
- Earnings history past 8 years: Ranges from 30.1 sen to 46.7 sen, with last FYE = 38.2 sen.
- My forecast for EPS for FYE2023 ~ 35 to 40 sen.
- My forecast for DPS for FYE2023 ~ 25 to 30 sen.
- Over past 8 years, this company pays out 80% of its EPS as Dividends - this company shares its dividends with shareholders.
- At 25 sen, at 3.66, Dividend Yield = 6.8% already very good.
- At 30 sen, at 3.66, Dividend Yield = 8.2%, beating EPF hands down.
Where do you find such a stock?

My average cost is 3.26, with Dividend on Cost ~ 7.7%, very very good.
At current price of 3.66, the Dividend Yield ~ 6.8%, still very good.
However, my strategy is to take some to trade. Selling on strength is still a good strategy.

Looking at the longer term Price chart, I see 4 key resistance levels, when I start to become interested in selling. This are just initial impressions, I typically change my mind a little when the time comes.

So, the Strategy = Sell on Strength, the only question is how much and when;

Next R1 ~ RM4 (Nice round number, but if it gets there I think 85% chance continue to rise, so, sell 15% there);
Next R2 ~ RM4.65 (38% retracement and strong; but if it gets there, 70% chance continue to rise, sell another 15% there)
Next R3 ~ RM5-5.2 (50% retracement, typically expect some price reactions, so, sell another 10% there)
Next R4 ~ RM5.7. (62% retracement and very strong, sell another 20% there).
If it goes past RM5.7, I still have 40% holdings to enjoy very nice dividend yields.

All these could take months or even years, so, it's GTC orders and forget the market.

Queueing to sell at RM1.70 GTC order so no need to monitor the market. Selling 30% of holdings there. My average cost is 63 sen. My wild guess is if it gets to resistance range of 1.67-1.72, there's 30% chance it might drop down. Hard to say.

ronnie2u, I don't think so. Platinum Sentral is not the same as Nu Sentral.

HAPSENG performance is consistent every year, with one-off gains. It pays 80% of its earnings, including those from one-off gains. H1/2023 EPS = 28.63 sen. If next 2 quarters are single digits, historically, the average single digit gain is around 5.5 sen suggesting another 11 sen. This brings 2023 EPS forecast at around 40 sen. 80% payout = 32 sen. My conservative dividend for 2023 is 25 sen, but I might be pleasantly surprised.

25 sen / 3.66 = 6.8% dividend yield. This stock is still cheap at 3.66.

4.07 close. 4.5 intraday high. Nice. Net cash grows. Super high dividend yield. Excellent business. Look forward to selling a little bit each time on strength.

@pinky, I'm not greedy. I already let go of my YTL after it delivered capital gains (net of comms) equal to 19 years of dividends, by holding a few short months.

I let go of YTL already, after getting net capital gains after all expenses and commissions equal to 19 years worth of dividend by holding for only a few short months :-). I'm happy.

Also, today, they just credited 16 sen dividend into my account. Always nice to receive dividends ... my average cost keeps getting lower and lower and is now at 9.67, notwitstanding that in the past I did buy at 10.8 some time ago. It helps to let go when price is high and buy back when price is low, and collect dividends along the way. With GTC orders, I don't even monitor the market at all, every night, I just quickly do a 5 second glance at the order status.

1.52 close. Looks like it wants to go up ...

This is one of my diversified REITs. I have a small holding due to its attractive 6.8% dividend yield at 1.09. I just added at 1.10, and will be looking to add at lower prices. I don't own it for price appreciation, just expecting this REIT to beat EPF every year. The risk is I suspect the dividend for 2023 may be a record low dividend, at least TTM is, but a part of me thinks that when all looks bleak, it's time to get some of these cheap. I always could be wrong, hence, just 3% for me.

My GTC order to buy BAT at 10.00 was filled. Chart wise looks negative biased - looks like there may be more downside to come. Will not chase, will let price comes to me.

This kind of result seem to indicate that next quarter dividend has good chance to be 1.65 sen again, IMHO. I could always be proven wrong later since 3 months is a long time, and noone knows what will happen next 3 months. So, let's collect the 1.65 sen first after payment on 29 Sep, and then see what Q3 will be next.

If you feel pessimistic on TALIWRK, you may consider alternative hypothetical scenario of dividend cut to 4.8 sen per year (1.2 sen per quarter), similar to what they used to pay in Q3/2019 and prior. Under this scenario, 4.8 / 80 = 6.0% dividend yield, still beat EPF.

If you own small, you will not unduely worry about future adverse result or future dividend cut, because if the cause is temporary, then, low price is a friend to average down once price stabilizes. Very hard to lose if not greedy. (However, if you are greedy, it's a different story).

TALIWRK dividends will cost RM66.5m for H1/23, vs Net Cash from Operations (NCfO) of RM66.7m. H1/23 NCfO of RM66.7m is a significant improvement over H1/22 figure of RM37m, so at least this part is positive trend. The renewable energy is also doing better than prior year. Still looks to support RM1.65 dividend payment, with perhaps a positive bias, but the margin is thin, so, any negative surprise / bad news might cause the price to fall. That's why the dividend yield is so high. Dividend yield = 6.6 sen / 80 sen = 8.25%!!

Nice to see many sources saying HAPSENG upcoming Friday quarterly earnings will show a drop. I'm a believer in selling a small amount / some into strength so that you can buy back when upcoming Friday quarterly earnings show a drop. Sell at 3.73 to buy back at 3.47 is a nice small dividend.

Value Investor, we think similar, 6 months ago, I predict KIPREIT FYE2023 Dividend after tax is 5.63. It came out 5.74, better than I expected. I was bracing myself for the lower dividend. At 0.885, DY of 6.5% is not bad after tax. This is one of my smaller REIT where I will be happy to add more at lower prices.

FPI 2.73. Nice. When I bought the DY was 6.5% which was nice. Now at market price, the DY has dropped to 6% due to price gains. Still decent. Looking to take small partial profit near next resistance.

CBIP 1.18. Nice. Small is beautiful.

Hapseng 3.73!!! Wow! I am so happy!

I own CLMT for its high dividend yield, which beats EPF and FD. At 52 sen, the TTM yield is nearly 7%. This REIT is even better owned at lower prices. The lower the price, the more I add, until I hit maximum permissable allocation in my portfolio. I like this so much that I now feel I don't have enough at 52 sen, so, I will queue GTC at 52 sen and queue more to own at 51.5 sen, 51 sen, etc. Thank-you.

No shame to take some profits off the table like today when cost is so low. I am a believer in selling into strength and my 25% portion taken off the table today at RM1.28.

Nice. Option to reinvest the dividend at only RM1.39/share.

The TauRx relationship with Genting is very old story that went back to at least 2015 ... see here - https://www.biospace.com/article/releases/-b-taurx-pharmaceuticals-b-plans-u-s-ipo-/.

The "private value" of USD200-300 has been mentioned for many years. TauRx is a 30 year old "company".

The news about submitting for regulatory approval is old news.

The trouble with Private value is that it's really worth nothing until someone else buys. Until then, all you have is speculations. And speculations that has lasted years and years. The wait can be long. The payoff might not be there. Don't buy GENTING just because it owned 20% of TauRx ... Buy GENTING for other reasons.

OMG! Click Price Target and see how bearish KENANGA is. 8 Sell Calls and reiterating Sell Calls when ANNJOO is 1.03-1.05. These are the prices I bought around 1 to 1.02.

It never pays to follow the Analysts. Sometimes, trading against them is more profitable.

ANNJOO is a cyclical company and the trading strategy for cyclicals is easy if you are a chartist technician - just trade the cycles. Buy during the low of the cycles, and sell into strength as the upward cycles accelerates, rinse and repeat.

1.21 close this evening is nice. I think 60/40 chance, the market psychology for ANNJOO has changed and the stock is no longer bearish, after it held above the 200dMA for the 2nd round and the 2nd time. As tempting as it maybe to sell and take profits from my 2nd round purchase near RM1.01, RM1, RM1.02, the smart play now is ignore and let it climb the wall of worry. The first target should at least be 50% of the Fibonacci Retracement which is around RM1.26, although the 61.8% is more critical at RM1.33. Sometimes, these may act as "magnets". Nothing is guaranteed in trading.

@moneycome123456, my understanding is that ordinary shareholders do not get the 1.25 sen/share dividend. That is only for Redeemable Convertible Preference Shareholders (RCPS).

Good job dompeilee. Now wait patiently for reentry. This stock has cut dividend for Q2/23, due to poor earnings relative to last year, so, I think better than 50/50 odds will get a chance to reenter well in the coming months.

Still climbing the wall of worry. Today stopped at 61.8% Fibonacci projection at 4.85. Next resistance 4.96 or thereabout.

I am expecting full year dividend to be at least 16 Sen. Last 2 years paid 20 and 21 Sen. It sits on a ton of net cash of RM1.40, so, sharing some of that massive cash with say 16-20 sen is sustainable for a long time.

I had paper loss for nearly 2 months but now sitting on paper gain.

I hope you buy when it was cheap. My discipline forces me to buy when it was cheap.

I expect the fundamentals to be so because the technical tells me better than 50-50 odds it would be so. It’s price is not yet ready to go up so soon.

Aubree, the q2 gains are used to pay off loans instead of distributing as dividends. If Hapseng has done the latter, share price will go up.

I3lurker, what are your 5 big stocks?

Injury to those who sell below RM1.5.

Averaging down is a skill. There are times to average down, and there are times not to average down. It is not automatic. If you always do this automatically, one day you will lose big.

If you believe BAT will never fall below RM10 because of 30 years history, then, one day, you will lose big.

Actually, I am now starting to be cautious with BAT because the last price low was 9.26 in Mar 2020, 3.5 years ago. The Bollinger Band (BB) on weekly price chart is narrowing relative to past 10 years. The last time this happens is more than 10 years ago, and a breakout of the BB happens and it is quite substantial. In charts, there is the Principle of Alternation. It means if previously it does one thing, then, when the same condition repeats, there is majority odds that it does the opposite (no guarantees). So, as traders, we must always have a backup plan if something goes wrong. A smart back-up plan that ensures you win increases your probability of winning, even if the worst case happens.

So, imagine if price breaks below RM10 and goes down to RM9.2 and breaks below this. In this scenario, it means something extremely bad has happened to BAT. If it happens, what is your strategy? If your holdings is only around 4% portfolio when it gets to 9.2, it is highly unlikely that BAT will go bust in a straight way (but you need to assess that first at the time), and this is the time where if it gets to 8.x, you average down to say 6% of portfolio and be ready to sell in strength to lower your average price even lower than 8.x.

If you don't understand this, avoid BAT.

Trying to win from the long side in a downtrend is not for the inexperienced nor faint hearted. For 99% investors, better to avoid BAT, as odds are too high, 99% investors will lose.

This strategy works for BAT because if you study its % decline in EPS, it's quite consistent - around 10%-25% decline in EPS. It doesn't work for many other rubbish stocks where the % decline in EPS can be 50% or more - then, the swing down is much harder to predict. Also, BAT is a respectable stock. However, this state of affairs is dynamic, i.e. things one day can change and you need to be in tune with the change. At the moment, BAT is still clearly a respectable stock.

If you use 2%-4% of your portfolio to punt like this, it is hard to lose - I've been making monies following this strategy. However, if you use 20%-40% of your portfolio, odds are very high that you will lose. You need to stay unbiased, unemotional and always be objective.

When picking bottom in BAT, you need to be philosophical about it.
- If BAT fills you at the bottom, odds are good you will be able to capture at least 10-15% gain later.
- If BAT doesn't fill you at the bottom and you missed it, so be it - it means you are never meant to own BAT in the first place anyway.

But whatever you do, never chase BAT because this stock is downtrending, and there is also risk that at the capitulation point, it will crash hard one day. (but capitulation tend to rebound)

So, the only way to win (assuming not shorting), is:
1. Study price charts carefully.
2. Try to pick bottom of its swing.
3. Never chase the price.
4. When you have profits > say 10%-15%-20%-25%-30%, always take some partial profit by selling some into strength, so that when it makes lower price, your dividends give you the gains.
5. Eventually, BAT will do 20, 30, 40% price gains fast and that's when you must sell in strength - target to sell up to at least half in order to lower your average cost even more.
6. One day, BAT fortunes will reverse and you'll be thankful to still own say 1/3rd or 1/2 of what you bought.

BAT is a "good" dividend payor in the sense that it consistently pays 95%-96% of its earnings to shareholders.

However, if its EPS keeps declining, then, 96% of a declining EPS = declining dividends.

@williamh, why do you say BAT is the only best buy stock at this time? What about its consistently declining earnings over the past 8 years?
2015 - 312 sen
2016 - 232 sen: -26% decline
2017 - 169 sen: -27% decline
2018 - 155 sen: -8% decline
2019 - 118 sen: -24% decline
2020 - 83 sen: -30% decline
2021 - 91 sen: +18% growth
2022 - 88 sen: -10% decline
2023TTM - 75 sen: - 15% decline.

If 2023 YE EPS is say 70 sen, then, dividends will get cut again.

The question is can BAT really arrest its consistent decline in EPS? Out of past 8 years, its EPS decline 7 out of 8 times. A betting man will say BAT EPS will decline again in 2023, and maybe even 2024. Maybe next 8 years, BAT earnings may decline 7 out of 8 times again i.e. if this happens, you'll see lower and lower prices the longer you hold on to this stock.

To me, I own BAT but only for speculative reason, and never own more than 4%-5% of my portfolio because there are many better stocks out there than BAT.

I sold too soon, with only ~50% gain. Studying its monthly price chart more carefully, I missed the divergence sign. Price peaked over RM2 in 2012 and since then, has tumbled by a large quantum + over a long period of nearly 10 years till 2022 - yet, the Accum/Dist line only dipped a little. And from Mar 2022-Mar2023, the flat price action combined with Accum/Dist line showed that someone was accumulating. And the last 6 months price increase in quantum and intensity was unprecedented in its past history since 2000 (23 years).

In hindsight, when:
1. Long periods of price fall (over 10 years) + huge quantum + supported by Accum/Dist line
2. Long periods of price stabilization (1 year) + slight rise in Accum/Dist line
= someone was planning for a "change of hands" over a decade.

Long periods of accumulation inevitably leads to massive and sustained price increase as what we've seen the past 6 months where it literally more than doubled!

@Lester, saw your past comments that you own this stock "quite heavily" - would your view on its dividend sustainability change if you only own this stock small (e.g. 4% of your portfolio)?

I have an unbreakable policy to never buy any single stock more than 5% of my stock portfolio. This keeps all my buy "relatively small, relative to my total portfolio" in order to be objective about every one of them. When we invest say 50% in 1 stock, it is hard to sleep because any small variations will cause worry and lack of objectivity.

Lester, why do you say dividend sustainability is in doubt? (I hope you look beyond reported EPS, as reported EPS can be artificially lower than cashflow, due to accounting depreciation. Cash is a cleaner way to look at this company).

Past 4 weeks, market panic accumulation. When I bought when price was low, the dividend yield was around 6%. Now it's 4.6% as price increases. I'm now thinking of slowly selling into strength, as the realized gains will be coming to 5 years dividend collection.

When it was trading at 1.2x, that's near all time low in its 23 years history. Why would you just "Hold" at these prices? Doesn't make sense. Now, when price recovers higher and higher next 2 years, will these "Hold" Analysts then change their tunes to "Buy"? When decent businesses goes on sale, it's time to buy, not "Hold" / "Do nothing", especially near 23 year low and after falling from the peak of over RM5 ....