The Company has said it will review the final dividend payable for FY 2021 at a later date. On top of its regular dividend schedule, the Company had earlier declared and paid the first-ever special dividend of 18 cents per ordinary share in November 2021.
Last year’s final dividend based on 50% on NPAT was declared on 4th March 2021 while the final QR was announced end Jan too.
"The special payment, which represents about 50% payout from its earnings, translates into an attractive yield in excess of 6% based on its share price of RM2.74, last traded on Oct 27. This special distribution will be independent of its dividend policy and its board of directors upon closing of the financial year will determine the subsequent final dividend payable for the financial year ending Dec 31, 2021 (FY21)."
Many are concerned about the high price of crude oil and therefore naptha price, its main raw mat but during its IPO crude price is above US90/per barrel but its IPO is prciced at RM6.50 that is to say the high crude price is not the only deterninant to its stock price. Demand, Competition and most importantly its ability to raise its ASP are equally important factors that will influence its stock price
Steven, you’re absolutely right! Strongly controlled by operators! As long as those kaki “kakiGong kakiSong” not cut lost!!! This counter won’t up la..
We refer to the announcements dated 30 October 2019, 9 December 2019 and 20 December 2021 and the Company’s previous quarterly announcements (the “Announcements”) in relation to Lotte Chemical USA Corporation (“LC USA”) entering into a securities purchase agreement with Eagle US 2 LLC (“Eagle US”) to transfer at least 34.79% equity interest in LACC LLC (“LACC”) to Eagle US and the arbitration proceedings commenced by LC USA. Unless otherwise stated, all definitions and abbreviations used herein shall have the same meanings as set out in the Announcements.
The Company wishes to announce that LC USA had, on 11 February 2022, entered into a securities purchase agreement with Eagle US to transfer a further 3.23% of its equity interest in LACC to Eagle US for a purchase price of USD89,095,130.00 (subject to adjustments based on the date on which the transfer occurs) (“Transfer”). The Transfer is arising from Eagle US exercising its call option which allows Eagle US to increase its equity interest in LACC to 50% (“Call Option”). Further details of the Call Option are as disclosed in Section 7.6.8 of the Company’s Prospectus dated 16 June 2017. Upon completion of the Transfer, Eagle US’ shareholding in LACC will be increased to 50% with LC USA holding the remaining shareholding of 50%.
LC USA is expected to generate a one-off gain on disposal after tax of approximately USD 27 million from the Transfer. The Group's 40% share of this gain is approximately USD 11 million for the financial year ending 31 December 2022. The Transfer will reduce LC USA's interest in LACC’s future financial performance and consequently, the Group's share of profit and loss in LC USA.
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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....
titan3322
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Posted by titan3322 > 2022-01-27 14:30 | Report Abuse
It is a fantastic result PE less than 8