Fantastic, well done Astro. Close to 10% Dividend yield. This share is worth 1.50.

1/4ly dividend announcement is due on the 25th March (Thursday).

Anyone else want to use forum for advertising?

Safe and solid share. 8% dividend yield, the 1.5 cents dividend is paid 1/4ly.
Lots of new water projects coming up. Even one project win will boost this stock over 1.00. At 8% Dividend yield its cheap, I don't see how anyone can press down much if at all.

Reading the above, Tropicana (a property developer) borrowed 100 million by way of a Sukuk at 7% to 15%. Tropicana then spends 78.4 million to buy 11.25 million Top Glove shares (Tropicana's major shareholders own controlled company) at average price of 6.97 a share on the open market, at a time when Top Glove shares were rapidly dropping.

A simple calculation on the above is that a close Friday Tropicana has already lost over 20 million of the 100 million Sukuk in the last few months, plus the significant issue costs and fees paid to HSBC and the high interest being paid on the Sukuk. Also Tropicana will have incurred brokerage fees on the purchase of the shares.

My guess is almost all, if not all, of the net cash received from the 100 million sukuk is gone into buying the 11.25 million Top Glove shares. No wonder Senior Independent Director resigned.

I cant help but think this is a blatant rape of Tropicana minority shareholders to improperly try to prop up the share price of the major shoulders company.

Where is the SEC?

Dongbei your right, last year it was 25th March, 18 June, 15th Sept, and 3rd Dec. So its due end of March, payment April. Hopefully they can do much better than the 1.5c they have been paying last year.

Sure announce dividend this week.

4.81 cent after waiting a year with no Div, just 4.81 sen! This bank is run by Pumpkins!

Expect a dividend announcement on or before 2nd March, Its almost 12 months since last dividend was announced (2nd March 2020) and if CIMB fails to pay a dividend by the end April it will trigger a sell off by institutions that hold CIMB stock as their rules may require them to divest if the company fails to pay a divided in any year. If this happens it will be three dividend paying years before they can buy CIMB again.

Quarterly dividend coming up in March.

Quarterly dividend coming again in March.

HEIM paid a 60c div to its shareholders, Carlsberg paid 0c dividend and instead they gave away shareholders money to charities. What do you expect. You thought you were investing in a business but is seems its charitable organization who gives away its shareholders money without asking them first. That's why HEIM has overtaken Carlsberg.

https://www.malaymail.com/news/life/2021/01/19/carlsberg-malaysia-donates-rm2-million-in-food-and-education-aid-to-underpr/1941920
I see Carlsberg is giving away our money instead of paying a dividend to shareholders to allow us to choose to make donations. Wonder if he will get his Dato' title using our money.

Dividend announcement is due 2nd March (last dividend announcements was 02.03.20). Fingers crossed its a good one coz bone dry too long. If no dividend is announced then CIMB dividend yield will go to zero (trailing 12 months zero dividends). So no choice, CIMB has to announce or investment and trust funds will be required to divest if yield goes to zero.

fortunefire, Talwks share price will go up and down sure as the wind blows, however I believe that the price is cheap and supported by fundamentals such the high dividend yield. Remember also that Tab Haji are major Shareholders owning some 8% of Talwks. So I am not too concerned. about a GE with this share.

https://www.theedgemarkets.com/article/cgscimb-astro-overlooked-stock-current-valuations-considering-entering-highspeed-broadband

Sooner CIMB announce a dividend the better. Its been so long since eat, dam hungry!

Dividend announced. 10c Ex 19th Jan, and paid 9th Feb 10c. Thank Tan Sri.

X-Box, Sunset, Disney, Netflix etc. does not work well (if at all) if you do not have fiber optic connection. Astro is then only realistic option for mast of Malaysia. Plenty of life in Astro yet for years to come. A good Dividend yield and regular dividends putts food on the table. Try buying shares and getting a dividend out of X-Box, Sunset, Disney, or Netflix!

Tan Sri' where is the 10c dividend you talked about in your press release?

So Tajuddin "negotiated" a price with the contractors and MRCB-GK has to take them on when they are a fix price contractor. I bet he did! MRCB-GK had to renegotiate their prices which likely left them with insufficient excess slush money to buy Taujuddin his usual coffee. So he's now crying. I bet he is!

https://www.theedgemarkets.com/article/no-money-govt-no-payment-lrt3-c...
Taujudin should immediately apologize to MRCB-GK for misleading the press when he lied that all payments had been paid when due and making out that MRCB - GK had been falsely accursing Prasarana of dragging payments. Prasarana will be lucky if they don't get sued for malicious slander. Prasarana should pay its not for Contractors to fund the construction no matter the size of the construction companies. I have no doubt MRCB-GK are incurring about 165,000 a day improperly funding the Project for Prasarana. I trust Prasarana will do the right thing and cover MRCB-GK for their interest costs.

Pandemics whatever will always be with us unfortunately. However, the super high price for glove will soon come back to cost + say 10%, the reason being is that whenever super profits are to be made the market will rise up to produce goods to sell into it. The risk here is that supply overruns demand, then the price can quickly drop to well below production costs. Already everyone and his uncle are racing to bring new production lines on stream, it only takes a few months to start production and anyone with a cheque book can do it. Soon the glut will come.

Make press release of 10c, then don’t announce that way you pump the market up with the statement, but don’t make any announcements. Later, much later, only then make announcement. This way you get double pump. In most countries this is called market manipulation. KLSE where are you? Your supposed to watch out for shonky manipulative practices.
04/01/2021 4:32 PM

I see MACC just raided Prasarana today! I suspect the price of coffee is to expensive there. https://www.theedgemarkets.com/article/macc-raids-prasarana-premises-earlier-today

In most countries make press statements but no anouncement is called market manipulation. KLSE where are you? Your supposed to watch out for shonky manipulative practices.

Making a press release on intention to pay 20% is not an anouncement of a 20% dividend, so its a tease not a comitment. Its called manipulating the market to prop up the share price. KLSE where are you?

10c interim Dividend. Winner winner Lobster diner!

In a note this morning, Maybank Investment Bank Research analyst Desmond Ch'ng noted that the disposal of Aabar's 4.2% stake was a positive movement, as it cleared the final overhang on the stock. Ch'ng also maintains his "buy" call on RHB, with a higher target price (TP) of RM6.70 (from RM6.20 previously), pegged to a higher calendar year 2021 (CY21) price-to-book value of 0.9 times, from 0.8 times previously, with a CY21 return on equity of 8.7% to account for improved liquidity and sentiment.

Bloomberg indicated that RHB has 18 analysts covering it, with 14 having it on "buy" and four keeping it at "hold" — with a consensus TP of RM5.98, with individual TPs ranging from RM5 to RM7 per share.

https://www.theedgemarkets.com/article/rhb-falls-427-news-aabar-selling-entire-stake-bank

Abar must have needed cash very fast to sell at that price. The question is who bought the block EPF maybe. Great deal for the buyer whoever it was. I guess we will see in a day or so when they announce. The deal is now done and the shares have found a new home and we can all move on without that clouding the market. Tomorrow we should see the share price back up to again.

A block of 850 mil RHB shares were traded off market at lunchtime today at 4.50. Bye Bye Abar.

Its not overpriced, its cheap. NTA is 6.81 per share. PE is 10.32. They paid two dividens in the last 12 months, 18.5c in June plus 12.5c in Oct for a total of 31c which gives a solid dividend yield of 5.5%on current price. Even the consensus agreed value is 5.86. I think 6.00 plus is still ok. Please do your home work.

I think that price was probably set last week when that was the price (before the spike up on Friday and Monday). I expect they will achieve a much higher price during the book building exercise or their agents will have failed them.

Double whammy, politicians paying silly buggers again, and Abar announced its selling its 4.23% stake in RHB. RHB dropped some 25c on the news. An overreaction! The politicians will fade away tomorrow as will Abar shareholdings. It’s no big deal! The value of Abar holding is only about RM 923 million. Guys it’s not the end of the world, Abar is not even a substantial shareholder! RHB could buy back these shares without blinking and distribute them as bonus shares, or sadly, more likely Malaysian institutions will absorb them in five minutes. This is a golden chance to buy in for all those that missed the recent run up, and a chance to add for the lucky ones that rode the recent wave. Tomorrow the old fart politicians will have lost (again) and within a few weeks they and Abar will be no more. RHB will still be here and stronger than ever.

Reliable, very high dividend yeild paid 1/4ly, solid stock. I agree its unlikly to skyrocket, however anyone who has studied skyrockes knows what happens to them for sure. Acumulate Taliworks at this price and enjoy the income and likly steady capital growth.

I had warned you read it and weep.
https://www.theedgemarkets.com/article/jp-morgan-pegs-these-glove-makers-fair-value-half-their-market-price-says-supernormal-cycle

The one who is still strong a year from now when COVID-19 glove boom is over and all the suppliers including the new suppliers’ factories are all are fighting each other for markets for their gloves when their gloves are no longer required in such numbers. We have seen this before in Malaysia, in the late 80s at the onset of AIDS, gloves were in hot demand, buyers qued up knocking down doors for supply. Then as more and more factories came on line and supply grew to overtake need .... the price of gloves rapidly plummeted from US$100 per 1000 pcs FOB, to US16.00 per 1000 pcs CIF, and still couldn’t sell! Glove factories closed shop all over Malaysia. many millions of gloves wjent to the rubbish dump. Rahmat_Daud086 if you were not around then, then ask your Dad.

https://www.theedgemarkets.com/article/covid19-no-more-interdistrict-and-interstate-travel-restrictions-except-emco-zones-%E2%80%94-ismail

1.5c Div paid 30 Dec. Not 2c like last year, disapointing, but better than nothing. At 88c a share Div yeild is 6.25%.

Last year Astro announced a 2c dividend on the 4th December. I expect a like announcement in the next few days….waiting!

CIMB shares were 5.00 share in January, even in March they were 4.60. Remember a 20c dividend is anticipated the be paid in April, so I think 4.50 a CIMB share is not very far way.
At 4.50 it’s a 4.4% p.a. dividend yield, which given the cost of funds and or the alternative investment in FD is about where it should be. However, as its only 5 months till the dividend is going to be paid, the dividend ROI for an investment of 5 months at 4.50 cost would be near 10%. CIMB is still cheap.

Maybank CFO Datuk Abdul Farid Alias confirmed Maybank’s policy is to pay out 40% to 60% of net. The first dividend that due in Sept was deferred this year. It was 25c in 2019. The profit for the dividend period deferred was reduced from 3.75bil to 2.99bil which equates to profit reduction of 21%. From this I calculate that the deferred September 2020 dividend should have worked out at around 20c a share. As this was deferred, I expect it will be added to the dividend to be announced in March 2021. This year 2020 the March dividend was 0.39 a share.
Assuming that for the current period the drop in Maybank’s profits is somewhat less than the disastrous 1st period reduction of 21%, I expect a reduction of around 15%. Thus, the div April 2021 should be in the order of 33 cents a share to which we add the deferred September dividend of an estimated 20 cents for what is now a full year dividend total of 53 cents. The dividend announcement is due 27th March for payment 10th April.

Dividend is not due till April. Last April the Dividend was for 6 months and was 12c a share (Tax free/paid). The 1st interim is normally paid in Oct (last year 14c) but was deferred this year, however the bank stated at that time its div policy remained the same and the Dividend percentage would be added to the next Dividend (announced in beginning of March and paid in April). While I do not expect that this latest 6-month bottom line will be all that great, Aprils Dividend will be an accumulation of a full 12months ( last years 12c + 14c), so I expect it should exceed 20c at least. The question is by how much?

Astro Div is due to be paid in January. Last January it was 2c a share. Announcement will be due soon if a drop again then Astro needs to look at changing Directors as other tech type companies are booming.

Politicians always want to be popular and they don’t care the damage they do. Recent crys by some ministers for the moratorium to be reinstated is desperate attempt to make them popular with the masses, and in some case desperate attempts to distract from their own thieving ways. Just look at who's crying moratorium the hardest, its the most corrupt of them.

The popular public perception is that the banks are rich, so why not raid them and get free money? Most of them have no idea, or don’t care, it’s the shareholders money not the banks. The shareholders are real people who mostly have their life’s savings in previously considerd blue chip safe bank shares to try to make a bit on dividends to put food on their tables. Something the directors need to remember before stupidly doing political charity again.

The last time the banks pumpkin directors stupidly agreed to a moratorium they cost their shareholders billions, and they suddenly found they had to stop paying dividends to try to recoup losses. Malaysia’s banks market caps plumeted from being strong and healthy, to looking like risk banks from 4th world countries. Foreign investors fled and shares dropped like stones. In CIMBs case, our shares absolutely bombed RM1.20 a share within 10 days of the announcement.

People should remember If the banks have no money then everyone suffers, housing market cannot be financed, cars cannot be financed and business are strangled as they cannot get finance. What bank is going to be so stupid as to lend money to people who cry out for moratoriums so they don’t have to pay the money back as agreed?

The Minister of Finance Dato Aziz (he himself an ex banker) understands the very real dangers of weakening the banks further. He has stated that there will not be an extension to the moratorium. If there is, then he should resign as his creditability will be gone in the investment community.

Comes back to the same issues. Country heights is sadly failing to meet its obligations. If it does not get its act together it is going to have increased problems with its other projects also. In the Sarawak case LCDA says Country heights failed to meet its obligations, as such it was terminated. Country Heights should know if they fail to do what they have contracted to do (keep their side of the bargain) then Country Heights can’t expect to rely on contract provisions to protect them. The Courts take a dim view of litigants that bring cases when their hands are dirty. I hope Country Heights will take heed of this and take a good hard look at their other projects, most of which have similar issues as Country Heights has not delivered infrastructure as promised and/or is not maintaining their projects as per contract obligations. This is posing problems and financial losses for buyers and investors who will eventually boot Country Heights out, or worse sue for huge sums in compensation.

This share off the radar, maybe back if they start maintaining their assets. Till then... zzzzzz

Yes I received on the 14th.

Last year the dividend paid in December was 2.56 cents (after tax) or RM 2,560.00 per 100,000 shares. This year, its just announced the Divident to be paid in November as .0797 cents (after tax) or RM 797.00 per 100,000 shares. The Dividend Yeild on this stock has been gutted.

Capital Assets are all locked up in unsold property stock. However its very hard to sell their property stock as their property managment is so bad, their developments are good, but not desireable at all due to all overgrown and shabby. If you look at all the Country Heights developments that they manage, their sections are having trouble getting half or a third the price of neibouring lands solely due to to their poor maintenance. Also mainetence collection is bad due to buyers unwilling to pay for poor or no maintenance. Sad waste!