From 2009 to 2023 Tongher's earnings were cyclical. During this period, its EPS peaked in 2010, 2014, 2017/18 and 2022. Its PE similarly showed cyclical pattern: lower PEs in 2011, 2013/14, 2017and 2021.
During this period, its earnings were lowest in 2009, 2012, 2015 and 2019. Its PE was highest in 2009, 2012, 2015 and 2019.
From 2009 to 2022 (14 years), its cumulative total EPS was 334.08 sen or averaging 23.9 sen per year its cumulative distributed EPS was 205 sen or averaging 14.6 sen per year. Its DPO ratio = 61.4%.
The price chart of Tongher during this period is also very interesting and characteristically cylical. The price chart followed the cyclical pattern of the EPS chart (price was high when EPS was high), and the pattern exhibited the opposite of the PE chart (price was high and PE correspondingly was low).
From 2009 to 2023, its price was highest of 4.48 per share in 2017 and lowest of 1.23 per share in 2020.
At average dividend of 14.6 sen per year, the high DY was 11.9% (assuming you bought the share at the lowest price of RM 1.23 per share) and the low DY was 3.36% (assuming you bought at the highest price of RM 4.48 per share)
How to time your buying and selling of Tongher, a cyclical stock?
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....