COVID-19 impact: Q1FY20 revenue drops 10.6% and net profit down by 16.7%. Consumption, production and distribution impacted by COVID-19 in both Malaysia and Singapore. Quarterly dividend payment suspended to be prudent on cash and liquidity.
Aiyo net profit only fall 16% already suspend dividend. So kiamsiap. Still got 70mil net profit Ma. Genting loss 400 mil also give 5 cents dividend which translate to 2.1% yield at RM2.30
aiyo, just because didnt give dividens, everyone start dumping the stock.... would you kill the chicken just because the chicken did not lay egg for 1 day?
when IB give TP below current market price ah, is simple la, they want you to panic and throw mah, so they can collect at low sell at high. if they give good good TP means they want throw their shares out to market ald loh.
Present govt ruling on dui is bad for brewery business ,can expects investors to discard their shares coming opening trading days. Cannot rule out TP for CB can be as low as BAT in the month of June 2020.
I saw many saying that CAB will not distribute dividend for full year 2020 but I can't found the release or statement, anyone can help? I only find that they will not distribute for quarterly CY2020
I believe it is their lingo of saying no dividend for a full year. Sounds less damaging by cutting it into quarterly chunks instead of one whole year... psychological word play.
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....
FKTtasty
21 posts
Posted by FKTtasty > 2020-05-28 13:00 | Report Abuse
Slow downtrend...