The company did not pay dividend for many years already. With improved earnings prospect in fy15 and fy16, do you think they will start giving dividend?
Nice to see icon's report on mieco :) Icon sifu will you do next report on pohuat? Koonbee and tkp2 awaiting pohuat at 1.68, hope this dont happen hehehe
Posted by fayeTan > Jan 24, 2016 07:58 PM | Report Abuse
The company did not pay dividend for many years already. With improved earnings prospect in fy15 and fy16, do you think they will start giving dividend?
If history is of any reference, looking back at Hevea as the best example, it's unlikely that they will start giving dividends. Even if they do, it's not gonna be very high. (Unless they use the entire RM30 mil from disposal and pay as special dividend, that's of course another story.)
This is because they still have some USD denominated loans amounting to 11,494 mil (out of total 89,438 mil borrowings). From the managements' perspective, If I'm them, I will clear the USD loan ASAP first, then use the currency windfall advantage to clear the remaining MYR debt as much as possible, before MYR rebounds.
In my humble opinion, dividends is never too much of a focus, as you can always declare HIGHER dividends in the future to compensate back the shareholders from the dividends lost during the years.
You're being too humble Icon8888 bro, haha. And yes, nothing beats your own homework & research.
By the way, you're smart cause you also saw the currency windfall is certainly a double edged sword. There's a proverb in Chinese called "物極必反 (when things reach an extreme, they can only move in the opposite direction)". Hence we can never know when MYR may rebound. So it's best to take the free lunch in investing - diversification.
Haha don't lah, cannot even compare to the stocks you've brought. I don't always comment in the stocks I buy anyways, maybe only a small portion of them only haha. My portfolio are mostly consisting of defensive stocks due to high level of market uncertainty. 稳中求胜 is my objective. If can achieve 15% p.a. I'm already satisfied already. Higher expectation = higher risk.
Desa and paperplane walked into i3 thinking they are very good. Suddenly they saw this old man Icon keep tossing out one idea after another, they feel very offended
what has descended will climb when results are out. I keep chipboard. not expensive n sellable.We will see it fly when export is increased. Welcome export stocks.....anytime.even local selling if in the money.
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Posted by 77huat77 > 2016-01-24 18:06 | Report Abuse
Icon When is pohuat turn? Hahah
Teck guan part 2