No longer own, got it for a long time, one of my favourite. Sold off when it reached 5.80-6.00 back then.

It seldom moves on both way, a pure dividend income stock. Even it moves, it tends to stuck in tight range.

Dividend wise is indeed quite good, from previous around 36 cents, 39 cents, 42 cents, 45 cents. But if you wish to have significant capital appreciation like others ordinary stock, then it most probably will disappoint you.

With this kind of market condition, people drink more Tiger Beer, haha.

Previously its dividend payout is indeed quite ok, but future wise, don't know. Just to remind, that we buy for the future, not the past. Previously pay good dividend doesn't guarantee future will be the same. You need to look the company profit whether the dividend is sustainable in the future.

Recent acquisiton saga has raised many doubt that whether it can repeat and sustain its dividend.

Don't mean good or not good. Judge you own.

This is not suck for those high earner with highest tax bracker, as highest personal income tax > corporate income tax.

But it hurt big time for those pensioner and lower income group who owning dividend stocks.

To make some correction, to be precise, it is not tax exempted, it is single tier dividend. Previously it declared as Rm1.00 less tax, now with single tier system, it become 75 cents "tax exempted" which is not actually tax exempted.

No, it has big different for those pensioner and those income tax bracket significantly lower than the corporate tax rate ie 24%.
Because they can't claim back the excess income tax being paid.
It has no different if one's annual income is more than Rm100K.

Actually it is identical across on good fundamental stocks.

That's why I repeated advice people to invest on good fundamental stocks, as over the long term, it is those stocks are making one wealthy and gain significantly without one actually notice.

Once you had gain through this kind of stocks, you don't bother about goreng stocks anymore. As goreng stocks make one tension and worry about the market all the time, eye needs to constantly monitor how the stock moves, while those good stocks you can buy and forget about it and sleep well every night.

For me, goreng is more about looking for fun only.

Haha, that's definitely true.

A better strategy will be,

During bull market, you take out machine gun to tembak across, or using fishing net to catch fish.

During bear market, you take out pistol to tembak one by one only, or using fishing rod to fish only but do remember to fish some valuable fish, don't fish on "Kang Hu kia" anymore.

It depends on company policy, mostly is half year once, with final is more than interim. Some do give quarterly, but very few. Some once a year.

Just check to see whether Pbbank has potential to give the treasury share or not.

Total sharebuyback 176,296,800
Outstanding share 2,472,348,084

7.1% shares is held under treasuries share.

So it max potential to give treasury share is 71/1000.

Please do you own due diligence. Nobody can assure or know whether they intend to give those treasuries share as share dividend or not until the board of company make the announcement. So invest on your own risk.

I am a bit surprise when I found out that they had bought back so many shares from the market, which they surely spent no less than 1~2 billion cash just on buyback alone

I think dividend might be lesser or no more special dividend like previous few years (company need to perserve some cash to offset a recession economy ahead as well as potential higher NPL ahead) so they might give share dividend as a compensate. Just my speculation.

Me got since 7-8 years ago.

Constantly dividend is around 50 cents final + interim 15 cents, special dividen always come in around 50 cents also, so make it annually around RM 1.15.

The company is holding about RM 6-7 cash per share.

It is an electrical appliance company.

Why you said so, that it has great impact on the company? Mind to share.

Years ago bought was around 8.00, after the bonus issue.
The first batch was double digit before 1:1 bonus, sorry forget lia what price liao, too long, need to dig out those dusty document.

Loss count of the dividend received along the way, should be not less than 5-6.

Don't bother as my initial price already until now, just collect the dividend is more than FD already, while can sell if really needed for the cash.

This stock/company had a patchy bad year in between which losses come from the washing machine department, if not mistaken after divestment of this division, company making profit back.

This post has been edited by cherroy: Jan 16 2009, 05:17 PM

BNM is expected to have another cut of 0.5% in this year if economy situation is still poor. So FD rate might go to 2.0 ~ 2.5%.

If closing losing business plant (like CRT TV division), then it might not that bad.

Nobody escape from recession, just how resilience and company withstand or cope with it.

The distinct advantage of Panamy is that they are holding significant cash level since years back, from its last year audited financial report, they had 460 million of cash, while outstanding shares is 60 millions which translate into around Rm7.6 cash per share, ie. means you pay Rm10.40 for market price, out of it, Rm7.60 is cash.

Not mean to recommend this stock nor saying it is good.

This post has been edited by cherroy: Feb 2 2009, 09:39 AM

Not necessary, If BToto needs to raise bond or singificant borrowing to fund the special large dividend, shareholders might worry about the company financial health.

Borrow to pay dividend is not a good news for shareholders.

This is not related what we discussed the story behind of Bjtoto and Bjland (its parent company).

You need to be long enough in the market and search through backwards years to know the story of Bjtoto inter-company loan issue.

Investment in share sometimes you need to do some 'homework' otherwise, something is happen on the market place, you still being left on the dark what is happening, which you might be on disadvantage side of trade if don't know anything about it.

Please don't use price is low like below 1.00 or 2.00 and then consider them are low risk or you will loss lesser. It doesn't relate at all.

Buy at 0.50, drop to 0.25, you lose 50%.
Buy at 5.00, drop to 2.50, you also lose 50%.

People now already known the quality of those China appliances. So market segment is different and potential and targetted customer is also different.

They are not competiting head to head now as consumers had more experience on those cheap appliances.