In the light of these results, the Board has proposed an increased final single-tier dividend of 3.5 sen per share as well as a special dividend of 2.0 sen per share in respect of financial year ended 31st December 2022 for shareholders’ approval at the forthcoming Annual General Meeting (‘AGM’) scheduled in May 2023. In all, total dividends paid and payable by the Group in respect of financial year 2022 is 8.5 sen per ordinary share, amounting to 40.2% of Group profit after tax.
The Board is also proposing a 1 for 2 bonus issue of new shares, without capitalization of retained earnings, to reward shareholders for their continuous support and loyalty. We trust the bonus issue will help improve trading liquidity and enlarge our base of shareholders
2022 marks the 60th anniversary of the founding of the Group in 1962. From a retail pharmacy in Melaka, AHB has grown to a public company with a market capitalization of RM 1.68 billion1 with operations and commercial presence in 20 territories today. An initial investment in 1,000 shares at the time of AHB’s Initial Public Offering (‘IPO’) in year 2000 would be approximately 9,375 shares if held till today, after 4 bonus issues2 . At RM 1.50 per share at IPO, the value of that investment would be RM 33,000 today, based on the closing share price of RM 3.52 on 31st December 2022. This is a compound annual growth rate in value of 15.09% in each of the last 22 years and made possible through the support of every stakeholder, foremost our people, our customers, and our shareholders
If you have choice, which way you would prefer: 1). Kill a goose and collect all the gold eggs one off worth around RM 350 million. If you put in FD @3.25%, you get RM 10 million interest.
2). You continue to rear the goose and collect aboutRM 30 million gold eggs every year with compound increment of around 10% additional eggs. You have the risk of goose being die off anytime though not possible in a foresable future
Singapore Kia very kedekut one lo. Then we also have to remember there are sharks @ Fund Managers all waiting too. But in long term this singapore Kia create value to himself by giving bonus issue la. Retailer who hold long long indirectly benefited. That’s the characteristic of AHealth. Other than that don’t even think of them giving you generous dividend or Premium Buffet in AGM. Probably ask yourself to buy your own mineral water in their AGM. LOL
The Group’s core manufacturing and distribution businesses continue to perform well in the second quarter of 2023, driven by the Group’s commitment to sales growth, new product development, brand management, customer service and operational efficiency. Demand for pharmaceuticals, consumer healthcare products and medical devices remained firm in the first half of 2023, supported by the sales momentum from 2022. Business prospects for the Group’s Penang-based associate SAG remain unchanged from the first quarter. A portion of the proceeds received by SAG from the divestment of equity in SA to Quadria Capital has been paid to shareholders as dividends and the Group is actively evaluating opportunities to invest dividends received in new business projects. Details will be announced should these materialize. For the second half of 2023, the Group expects the business environment to be more challenging as economic growth in our key markets slows. However, the Group is confident that its proven and well-placed fundamentals, business development strategies, as well as new opportunities in consumer health, halal certification and international markets are expected to support performance. Barring any unforeseen circumstances, the Group expects to deliver a satisfactory result in 2023 and is confident that its longer-term growth prospects remain positive.
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....