The proposed dividend represent an increase of 12.5% over the dividend paid in respect of the previous year. Dividend payout ratio represents a distribution of approximately 80% of the net profit. The management aims to maintain a policy of stable dividend payout to the shareholders in future.
some small fish grew, some small fish gone, some small fish still there; some big fish grew bigger, some new big fish coming in, and more small fish gone. Yes, it needs time to grow. I think not too long. Perhaps in one year will see significant changes. Some say they wish to see crocodile to come to join the party. Coming soon!
bugle If you are a big fish,eat the small fish.If your are a big Shark eat the crocodile too.....but be aware of the Shark Killer...this is market behavior!!!!
(but this Ayam Tua really need to resign and retire now, recent decisions are horrible) (Ayam Tua now has been psycholigaclly controlled by overseas syndicates, no longer trust-able)
Based on DCF model, with 3% growth rate & 10% discount rate, take its cash and minority interest into account, its intrinsic value stands at ~RM1.2 (@ PE 13.5 which was the PE value yesterday) :)
It's intrinsic value based on a very conservative LT growth rate is only RM0.90. It also has a rather poor ROE of 6-7%. Don't see it going very far. But of course, if a momentum is building now, you may wanna ride on it. Technical indicators look okay.
b123, what is your intrinsic value model? Dcf? If so, what kind of growth rate and discount rate you use? Did you consider cash, debt & minority interest? Personally, i would rather look at ROIC than ROE. Its ROIC is as high as ~14%.
@chl1989 I used a very conservative LT growth rate of 0.46%, having taken into account dividends, depreciation and amortization, shareholder's equity and LT debt. But that's just me being very conservative so as to not get my hopes up too high.
My discount rate was 5% based on a beta of 0.82. I still went in at 0.90 based on technical indicators though.
Maybe I should take into consideration ROIC too. What's the minimum ROIC threshold for you?
b123, I am using discounted cash flow model to compute its intrinsic value. I assume: Initial cash flow, C0= 13mil (6 years average); Discount rate, r= 10%; Growth rate, g= 3%. Hence, PV= C0*(1+g)/(r-g) = 191.29 mil
The higher PBT (Q1) recorded was mainly contributed by the higher interest income and unrealized foreign exchange gain of RM4.70 million (A) in the investment segment.
After deducting the (A), core PBT in FY16Q1 should be Rm3,186,000.
Core EPS without (A) for Hexza in FY16Q1 should be 1.58sen (total shares 200,380,036).
The Edge Financial Daily 1/12/2015 Insider Asia’s Stock Of The Day: HEXZA CORPORATION BHD
Fair comment. With the disposal of land and buildings, the forthcoming financial results should be much more better than the previous results. No one can say for sure about the future, but sometimes, somethings, and somehow, are predictable. I would say, this is the one. Agree?
just read its quarterly report, raw material costs gone up due to weakening of RM and additional profit were mainly from interest income and forex gain from investment segment
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....
lam7894
76 posts
Posted by lam7894 > 2015-10-28 14:09 | Report Abuse
First and final dividend (4.5sen). Ex-date: 24/11/2015.