Look at its financial report, (CD or the 'book' send to you one) but not the summarised one which is on mostly online trading portal.
I believe KLSE site should have it. Will check it later. If it is really good, I also interested in it.

This post has been edited by cherroy: Mar 15 2008, 06:17 PM

[quote=cherroy,Mar 15 2008, 05:56 PM]
I had checked the Uchitec history, seems like its high dividend yield is because of special dividend, quite similar to Shell case.
Its normal dividend is 12 cents (final + interim), 8 cents come from special dividend, so total 20 cents for lastest financial year.
One needs to look more in depth where the special dividend come from and where is the EPS come from.
J
ust like I had mentioned in Shell case. On paper, Shell's profit looks very good, but if one study more in depth, one will find out, things doesn't look at good as on the paper. That's why Shell share price does shoot to sky, even though reporting EPS of RM 1.50-2.00.

I don't know much about Uchitec, c

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Added on March 15, 2008, 6:59 pm[quote=cherroy,Mar 15 2008, 05:56 PM]
I had checked the Uchitec history, seems like its high dividend yield is because of special dividend, quite similar to Shell case.
Its normal dividend is 12 cents (final + interim), 8 cents come from special dividend, so total 20 cents for lastest financial year.
One needs to look more in depth where the special dividend come from and where is the EPS come from.
J
ust like I had mentioned in Shell case. On paper, Shell's profit looks very good, but if one study more in depth, one will find out, things doesn't look at good as on the paper. That's why Shell share price does shoot to sky, even though reporting EPS of RM 1.50-2.00.

I don't know much about Uchitec, can't comment much about it. So better find out more on it, if interested in it.
Look in depth, don't just look on the surface. Always focus on dividend that come from operaing business one which will be consistent over the long term.

Search through its P&L in details as well as cash flow statement to determine where the special dividend money come from to justify.

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Added on March 15, 2008, 5:57 pm

Based on its last year dividend of 27 cents, at 1.80, that's correct.
This year, 20 cents.

[/quote]
Uchitec is a good co. Founder is a taiwanese. However, the company is heavily reliance on few customer. And recent USD plunge affects the company bottomline. That's why i still reluctant to buy this counter....

This post has been edited by keith_hjinhoh: Mar 15 2008, 06:59 PM

Do comment.

This post has been edited by Vv.SoViEt.vV: Mar 16 2008, 04:33 PM

Thanks for information on uchitec. I've been eyeing on this counter for long time. Used to be RM3.3 plus now dropped d. I guess it is as mentioned, due to reliance on customer and plunge of USD. Maybe business model not so lucrative anymore.
If Shell is mentioned, i believe petdag could be a better buy due to rapid expansion.

Hap Seng proposing a total dividend payout of 56.5 sen for 2008.

That is like what, a DY of 21%?
I think they will be paying a high one-off special dividend
Still, this number is high for the price at the moment.
Wonder how high the price would go after this announcement

guys,

i do not understand with dividend yield at all .. can you guys explain? ..

it is a misunderstanding
clearing the confusion : read here
http://forum.lowyat.net/index.php?showtopi...post&p=16486946

It is impossible to have a stock with 21% of dividend without anyone notice it. Market is quite efficient one, everyone is monitoring each time, it won't be only you knew it while others (professional traders or long term investors) don't know.

Even if it does, people already chase the stock which lead to higher price eventually lower down the dividend yield around 7-10%.

The special dividend of Hapseng won't be repeatable and is one-off. So don't take the special dividend into consideration for future dividend estimation.

Defination of Dividend can be found here basic definition.

http://www.investopedia.com/terms/d/dividend.asp

My Kopitiam Explanation is...

Normally given out by long established companies, who continuously / consistently generate substantial profit.

This profits after minus all expenses still got huge surplus so they distribute to share holderslor.

Why distribute to shareholders you ask?

Coz we take risk to investmah and pump the company with money.

Risk = Reward

This is layman defination but got many other reasons why company want to distri dividend.

oh .. tq very much bro .. .. i really appreciate it .. .

sometimes the co give dividen just to lure investors

Hi,

Can someone explain to me how to see the dividend paid from the financial annual report. Should I look at the "gross dividend per share" which is 27.0 sen.

How to interpret "a final dividend of 14.0 sen less 28% tax per ordinary share of 50 sen"? Does it mean that the dividend paid is 14.0 sen? How it calculates? The same thing for "interim dividend" for example "an interim dividend of 12.0 sen less 28% tax per ordinary share of 50 sen". How it calculates the dividend?

These statements are retrieved from Resort 2006 annual report.

Thanks

Interim is meant they give out the dividend in the middle of their financial year calendar. Final mean the dividend is the last given out for the financial year calendar.

Gross mean haven't deducted the tax yet. If it is 27 cents gross (with 28% corporate tax, this year 26%) then your paid cheque is 27 x 0.72 = 19.44 cents. But you can claim back the extra income tax paid according to the tax bracket you are in.

Just remind, beginning of 2008 financial year calendar, company has to give out dividend based on single tier system already aka in net amount. No more gross or net like previously.

thats kind of the whole point, at least in the States but not in Malaysia...

most companies in Malaysia neglect to pay dividend for years!

in the states company compete to pay better and better dividend to attarct investors...

It also reflects the companies balance sheet, it means the company is on the right track, stable, financially sound and making tonnes of money.

So we will get more than one dividend paid in a year depend on the company's profits?

Which dividend is actually we should look at in order to judge what is the good dividend paid counters? Gross or the final (and the interim dividend)?

Thanks

There is no restriction on how many times company can give out dividend. Some do quarterly, some semi-annual, some one shot final in lump sum. The ability of company to give dividend is based on profitability and cashflow situation of the company. You need to scrutinise where the dividend come from before judging the company. Company only can give consistently dividend throughout years after years through profit generated and cashflow generated from the operation.

how long for me to be eligible for dividen. Lets say i buy now, am i eligible to get dividen few months later?

depends on the company

some company gives 3 times annually, some gives 2 times, some gives 1 time only

as long as u hold the stock when the exdate for next dividen
eg, you buy a counter now, then next month it announce the dividen exdate in june 12. if u sell the counter on 11th june, u wont entitled to that dividen