company target to launch 1.45 b project in year 2018. 900 million in singapore and 600 million in malaysia, management more confident in singapore market for this moment.
someone question in AGM why company give so much dividend after dispose the property because it is hard to get loan from bank at this moment, company should reserve more money in company, but management say they wanna share their success with shareholder, and make shareholders happy is their responsibility.
company belief the disposal of the property at this moment is a good choice, first to unlock the value, and they are more confident to grow better in property development sector.
hotel MAYA put on sell last 2 years. company waiting good buyer as well, i belief management will proceed it fast as they wanna focus on their core business, the hotel worth 230 millions!
According to the filing to Bursa, Selangor Dredging Berhad completed its sale of Selangor Dredging Building in Jalan Ampang, KL. Logically, the Board of Directors should expedite the special payment of dividend for loyal shareholders. Why is it not been done? Teh Lep Kim can only provide us the answer!
the circular mentioned special dividend will release within 2 mnths after the deal completed. so i think will announce soon, and might get it in jan 2018
management announced, once the deal is completed, the special dividend will release within 2 months. so the deal was completed at dec, so most probably the special dividend will on feb
EX-date :16 Jan 2018 Entitlement date: 18 Jan 2018 Entitlement time 04:00 PM Entitlement subject: Special Dividend Entitlement description:. Special Dividend of 19 sen
let's look at the fundamental, the market capital of the company only 494m, dispose one wisma selangor dredging already get 480m! the company still having one hotel maya, and lands. the company purchase 2 premium land in singapore and plan to launch within this year. But property sector still weak, SDRED for long term investment only.
Exactly.. if you buy in at RM1.17, your yield will be 16% for 1 month of investment!
Fundamentally, net asset is RM2.15 per share after accounting disposal net gains and dividend payment . So SDRED is effectively trading at 45% discount to its net asset value. Whilst it is common for property companies to trade below net asset, 45% seems steep for a good counter with low net gearing (0.13x).
Say if it trades at 30% below net asset, it still should be valued at around RM1.50. Even if you buy at 1.50 today, the one off dividend yield is still 12.6%. Very compelling.
I also surprised up a bit. With 19 cents as dividend, even u buy at 1.50 , ur return still got 12 %. Put FD in one years max also 4.2%, this one buy now and wait another 2 week can get more than a 10% return.
Posted by Equityengineer > Jan 4, 2018 06:04 PM | Report Abuse If they manage to sell hotel maya , would get div next year also. They want to be property developer
For those ticket holder, tml this counter may have small soaring. Own decision whether u wan 19c special dividend or sell it for small soaring price earn.
I tot what happen suddenly panicsay dumping...lolz. sdred at least maintain earning for many years without loss, NTA up to rm2 per share... I reli dunno this panic sell is what kind of mindset. For me at least sell around 0.99-1 is reasonable.
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....
Terry Kok
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Posted by Terry Kok > 2017-10-03 15:40 | Report Abuse
company target to launch 1.45 b project in year 2018. 900 million in singapore and 600 million in malaysia, management more confident in singapore market for this moment.