First dividend since IPO. Good news before AGM. Those attending AGM pls inform why Ivory cannot aim Tambun(also Penang property company) price by giving more dividend in years ahead.
yup Management turn to be generous and willing to share profits to the shareholders. Thumbs up! the dividend yield change to 8.7% based on closing price 28.5...
You ask Texchem why they can give 10 sen dividend when QR is loss?
Posted by aboy > Sep 5, 2018 06:03 AM | Report Abuse something tak betul, losing money and still give so much dividend, no logic, mukin I smell something fishy yang kita tak tahu?
1H19 result was really not that great with revenue of only at RM56.5mil and the company recording a loss of RM7.3mil. Given the slowdown of the property market, couple with the company already high completed unit inventories (RM117mil), it is expected that the company might decide to delay some of their new launches that was initially schedule for 2019. Investors need to expect a similar result in 2H19 with the company probably recording a full year loss in FY19. Any rebound in profit will most likely come in FY20 (end march 2020) given the tail end and expected completion of The Wave development by 3Q20.
If you are looking to diversify your portfolio outside of Ivory Properties (due to its earnings uncertainties) I would recommend you to look at MBMR.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.
FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM10mil to RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.
Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2948 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
ribort_kok
61 posts
Posted by ribort_kok > 2018-08-23 23:38 | Report Abuse
Buy more ..the time for ivory will be coming..buy n keep more..