As long as Hwang is still run by the same management , then it is a matter of time before they will identified some profitable business to venture too. RM 2.00 and above is a matter of time.
We refer to the previous announcements made in relation to the Proposed Disposal.
HwangDBS Investment Bank Berhad, on behalf of the Board of Directors of HCM, is pleased to announce that the post closing adjustment in relation to the Disposal Consideration for the Proposed Disposal has been finalised on even date, resulting in an additional amount of RM60,220,567.
This additional post closing adjustment shall be utilised for general working capital purposes of the Company as detailed in the circular to shareholders dated 12 March 2014.
Hi drmehran, my target price is RM 3.00 to RM 2.50 depending on how optimistic you are. The risk is the possibility of having to hold long long with little dividend.
since Hwang-DBS has sold its investment banking bussiness to Affin... There is no any attrative point for Hwang-DBS. Better take a look into another hidden gem "Kenanga " !
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....
Darren Kho
733 posts
Posted by Darren Kho > 2014-05-13 10:37 | Report Abuse
The dividend have not deducted the tax yet. Will the tax after us later or it is tax free?