The Board of Directors of Karex Berhad ("the Board") is pleased to inform that the Company has adopted a dividend policy where the Company will endeavour to distribute a minimum of 25% of its annual profit attributable to shareholders with effect from the financial year ending 30 June 2014.
In this regard, the Company’s ability to pay dividends would depend upon factors such as business prospects, expansion and growth strategies, capital requirements, cash reserves, growth/expansion strategy, considerations for non-recurring items and other factors the Board members may deem relevant.
for this type of earning report what can be the target price given by CIMB Analysts or other analysts???? if not mistaken this counter is on CIMB radar... any ideas anyone out there?
@macik, Note B10 of Page 14 of the Interim Financial Report for 3rd Qtr ended 31 Mar 2014 clearly stated "No dividend was proposed in respect of the current financial period". Where did u read it?
Posted by ChunJui Lee > May 24, 2014 12:32 AM | Report Abuse
sorry i might missed something here ..
cimb forecast full year revenue 286.3
karex interim report 156.8 (9 months ended)
possible in 3 months to achieve additional 130m???
only catalyst here is the proposed dividend ..... 2 cents ---- Your assumption was demand is constant, not seasonal. Bear in mind World Cup is next month - usually demand spikes... Even if cannot, say demand is flat n constant n not increasing ( not true with increasing world demand - go check industrial statistics, karex is among world top suppliers ) add another 6 months - can achieve or not 130m / TP rm4/-? Looks like can, right? ;)
http://markets.ft.com/research/Markets/Tearsheets/Forecasts?s=KAREX:KLS As of May 16, 2014, the consensus forecast amongst 5 polled investment analysts covering Karex Bhd advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts improved on Feb 24, 2014. The previous consensus forecast advised investors to hold their position in Karex Bhd.
Thanks a bundle, Cweed for working so hard to disseminate the needed information for the benefit of others. I pray tht u will be rewarded bountifully in return. All d best.
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....
4u2c
3,553 posts
Posted by 4u2c > 2014-05-20 21:14 | Report Abuse
if resilt not good ??