historical 3 year high results was 1.99m profit. it ran to 75 sen. today announced 1.85 profit, so i think cannot justify breaking the historical high of 75 liao lor. furthermore, they didnt give another dividend to push up share price. its closing in on 4% yield already.
good result actually,very firm and steady,net cash increase to RM29m or 16.38cen per share,prospect is promising.
bear in mind that the contribution from new de-tariffication system will kicked in by 2nd half,and the new system will bring in another major recurring income to rexit.so,new catalyst is just around the corner,rexit should continue goes up steadily,i don think there is any issue to surpass 80cen in near term.
Clientele Effect Investors had been searching for high dividend yield/ high payoff ratio stock due to market volatility and unpredictable macro factors. Rexit is thought to be one of their gems for its high growing yet high dividend payout. The rises in price in last few weeks before quarter result were the proof. Yet, this time round, rexit didn't announce dividend that (some of the)investors longing for. They demand less(or even dump), price drop although the future prospects are still favourable. The problem lies on the management who does not smoothen their dividend policies.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
yktay1
464 posts
Posted by yktay1 > 2016-10-18 16:55 | Report Abuse
Who says no growth?
http://klse.i3investor.com/blogs/kianweiaritcles/106639.jsp