This stock gives attractive and consistent dividends.Dividend Yield 6.1% last year better than bank interest return.Can collect and wait for the price uptrend towards or before the annoucement of their quarterly results.
"We gather that the assets affected by the Ministerial Order had been impaired resulting in gross impairment loss of RM44.7m in FY17. Hence, there could be potential write back in the future depending on the full and final determination of the matter by the Indonesian courts."
If so as mentioned above, the more dividend could be able to distribute if materialized. And once materialized, it is to be very sure the share price could be able to fly again after moving the negative impact on the share price in the foreseeable short term.
Yesterday filing with Bursa Malaysia has indicated that Fima has won the case and would likely get back the land without anymore dispute with Indonesian party. Extra dividend might be forthcoming.
FIMACOR (3107) - Technical Analysis June 24, 2019 | HONG WEI GIET
Technical Analysis ============== - FIMACOR moves in a consolidation rectangular since 2012 - Don't have significant shares price changing despite the uncertainty of economic growth. - It is defensive stocks which are not suitable for aggressive investors because stock performance is definitely worse than FBMKLSE and low trading volume. - If we are dividend investor, we
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....
Snake
158 posts
Posted by Snake > 2016-09-28 09:29 | Report Abuse
FIMACOR