If some of KFima shareholders are willing to spend some time to write to the Board of KFima requesting for special 50th year anniversary celebration by declaring good dividend to its owners. I am quite sure they would yield to consider it.
KFima coming QR should be good. 3 strong reasons: 1. Palm oil price, CPO is in the range of RM5,000-RM6,500 for most the months (Jan-April 2022) PLUS more palm trees are maturing for this Quarter. 2. Economic activities have resumed to normal. No more MCO. 3. Directors are buying KFima shares non-stopped. KFima also buying back its own shares from less that RM2/- to RM2.20. Since Directors are able to access to all financial/operational information, it is logical to deduce that coming QR is good and will also be paying good dividends to shareholders to celebrate 50 years anniversary of KFima.
According to RHB 20 Jewels 2022, Kumpulan Fima is one of those chosen. Reasons given are: 1.Higher CPO price along with improvement in output for FY2022-2023. 2. Expansion of Bulking business in Port Kelang to capitalize on increasing demand for liquid bulking. 3. Note worthy to mention dividend payout for FY2022 is expected to exceed 20 cents per share whereas I only estimated only 15cents. 4. Cash in hand and at Bank is closed to RM1.20 per share giving KFima easy way to expand business ventures or pay dividend.
KFima 60% subsidiary Fima Corp has released its QR, with 142% increased profits and declared 10% dividend instead of 7.5%. The main reason is better output and increased in palm oil price.
With 300mil cash in the bank, earning interest merely 3mil. Exactly like China counter with huge cash pile but need to take additional 50mil loan. Something to think about.
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....
chankp7010
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Posted by chankp7010 > 2022-02-17 15:44 | Report Abuse
If some of KFima shareholders are willing to spend some time to write to the Board of KFima requesting for special 50th year anniversary celebration by declaring good dividend to its owners. I am quite sure they would yield to consider it.