Yes, they do export.
Can see from their financial report.
In fact, if not mistaken, they are keen on export market to grow more.

A lot of them are made locally, you need to see which kind of appliance. They won't produce across every items, an item need a new assembly/production line.

Washing machine line was the one bleeding the company (Panamy registered loss previously) which they had discharged this product line.

The strength of Panamy is from Air-con which Panasonic is the dominant brand name in this field.

There is no more brand under National, all being grouped under one name Panasonic.

This post has been edited by cherroy: May 15 2009, 04:42 PM

Nowadays you can trade 1 lot with 100 shares, so 10.00 or 1.00 make no different.

10.00 you buy 10 lots equal to 10K, 1.00 stock you buy 100 lots, still equal to 10K, so what price or whether got split or not makes no different at all, as you can trade as low as 100 shares, which equivalent to 1K per lot only.

They can't, sustainability dividend is around or average 50-80 cents based on their EPS.

That's why they have interim + final dividend = 50 cents consistently. That's why company stated the term "special" dividend.

Still it is a steady dividend counter based on the low point or sustainability dividend of 50 cents which yield about 5%.

No. Panasonic Japan, its parent company doing across from electrical appliance to electronic component worldwide, while Panamy is about business in Malaysia doing electrical appliances like Air-cond, houesehold appliance only. Separate entity.

Not actually, some "Chinaman" style companies are very "kedekut" offer not much dividend to shareholders. It depends on sincerity of the company management and management board style.

YTL and Kseng is different than Chintek. YTL is not without borrowing as well as Kseng. In fact YTL's borrowing is huge, just it being well managed. resulted has consistently positive cashflow doesn't mean it is net cash rich or without borrowing.
While Chintek is a real cash rich company.

Less borrowing doesn't mean less growth, if the company can generate enough cash to grow on itself.

Borrowing is always a double edge sword, if utilise properly and in good timing, then company can grow very fast, but if not manage properly or economy situation is poor, it might a burden for the company.

It is all about management. Cash rich if not managed properly, then no use as well. But generally speaking, if not managed properly, company generally won't be cash rich. On the other hand, huge borrowing doesn't mean bad if manage its cashflow properly without utilising fully the borrowing to grow the company and become more profitable.

Panamy once people don't want to trade, then whole day will be the same.

But there is always got tomorrow.

Panamy price always went up a little during May time due to final dividend, unless with poor financial result, touch wood.

Finance year ended 31 March, so they need to release before end of May.

Ammb is not well known as dividend counters.
In fact, its loan quality is one of the poorest among all the banks.

So it is vulnerably if economy situation deteoriate. Actually, financial instituitional is quite vulnerable in poor economy time due to nature of the industry (leverage). So loan/asset quality is the most important part.

Those experienced with 1997 crisis known AMMB was troubled by its NPL.

Don't mean it has no good future or not.

Just it is not well known as dividend play counter.

my 2 cents.

I don't why want to look for price below Rm5 or Rm3.

Share price cheap or not cheap, is not really cheap or not cheap, get what I mean.

For eg. Tanjong is 15.00, so people say too expensive to buy (not necessary expensive), as 1000 share cost 15K, fair enough, but nowadays you can buy 100 shares, which means you can buy Tanjong as little as Rm1.5K!

If a share price is Rm5.00, you buy 10 lots (1,000 shares) cost 5K, then you can buy Tanjong for 300 shares, which is 4.5K. If the div yield is the same, you get the same amount of dividend cheque.

Why must look at share price alone to say it is too high/expensive to buy, it doesn't make sense to me.

Look at yield, EPS, PER, company business to sustain the div yield which is the factor to determine cheap or expensive, not share price.

If you have 10K, then you want to invested the 10K, it doesn't necessary you look for share price below Rm10 or Rm5 one. Higher price buy less unit, low price buy more unit, in the end of the day, it is the amount of money (10K) is the most important.

As long as company make profit enable to pay good dividend, then it is a holding game.

Look at long term, a lot of time, a lot of time, it is the dividend stocks outshine others.
People said BAT can't move, but it has moved from 15.00 to 47.00 without calculated the annually dividend given.
People said xyz goreng stock moves faster, can easily move 10-20% in a few day, but look back, hey, ten years ago, it was 1.00, now it is 0.80, without any dividend given in between.

In stock market, any return rate in double digit in teen number is considered a good performance already.

A lot of people said those dividend stocks can't move much, and return rate is low (5-7% yield), so they opt for those penny, goreng, quick moving stock, but most ended up losing money on those stock. So if you look back, you will glad you have some stocks that lead you some net gain one.

In stock market we have several outcome after sometimes

1) loss
2) breakeven
3) Gain but low return but still higher than FD (as mentioned)
4) Gain in double digit

So if you investment fall into 3), it is not that bad. You are better than the rest of 50%. In reality, majority (>50-60%) people lose money in stock market.

But there are people always pay school fee but never graduated, no offence.

TA analysis is more suit to short term trade as it doesn't recognise the fundamental part of the stock, as over the long term it is the fundamental issue that supporting the share price.

Don't get me wrong, don't mean TA is not useful or one cannot earn from TA, just every tool is not perfect.

Sorry, I don't agree economists will know. Economists job is dissecting what had happened through data and issues, and predict what could happen based from the data but nobody knows the actual outcome will be.

In current trend, the economy situation, the more suitable word is stablising.

To say it is recovering, still a bit too pre-mature.

Just people feel better and having more hope now. Just like in football match, you lose 3-0 at half time, now it become 3-2, situation stablise and turn better, and could potential win the match, but not yet win the match, just it trend is potential heading to win the match, but still could lose the match at 3-2, or just 3-3.

So at 3-0, supporter (investors) lose hope, all cabut (investors throw like no tomorrow). But now it is 3-2, supoorter (investors) coming back, as stock is severely beaten down, so when it become normalise back, it seen like surge a lot. Just like Citi case, people will say wah, goes up 300% from 1.00 to 4.00. Is it going a lot actually? depended how one see it, if just see from few month time frame, then yes, but if see from several time frame, it was severly beaten down from 50 to 4.00, it is just in stage try to clawing back.

Just my 2cents.

Even you are confidence your stock selection is good, but in the market, fundamental of a company can change from time to time.

Nobody ever taught AIG such a strong insurance company can stumble because of greediness.

So it is important to adjust according to fundamental issue.

Just like Carlsberg, for the last 10 years or so, it was a steady dividend stock with profit stay at high level. But since lately few year, its market share has been eaten by Guiness Tiger beer, so after relishing the poor EPS they are delivering, I decided to sell it at 5.00 as its EPS no longer can sustain at high level of dividend.

So don't too stubborn (no offence) of believing your stock pick must be good or fall in love with the stock. If they are doing poorly in financial term, then one needs to adjust the strategy accordingly. But if financial term is ok while share price is plunging, then yes, just like you said, can have confidence can sail through the difficult period.

Some stocks have good history, which generally they will do as well, but we can say for sure 100%, some might be no longer as well as before due to changing fundamental.

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Added on August 10, 2009, 12:00 amFor individual investors, if one has 1 million then invested in 1 million in stock market, is not something very wise to do disregard those stocks are rock solid or stock will go up.

As you have no spare cash for any unforseen circumstannces, either to counter the risk as well as has ability to capture opportunity when market plunge, asset allocation is very important.

This post has been edited by cherroy: Aug 10 2009, 12:00 AM

If not mistaken, because they lose the distributorship of Benz at some year, so affect its financial.

Yup, some company doesn't need to have too much capital or cash, as if so those cash just sitting in the company account idle only, so better to give it to shareholders, instead keep it in the compayn forever.
While cash is flowing into the company every week.

But I agree on part of Bjtoto has been squeezed dry by its major shareholders, right now. It is an ATM machine for the major shareholders, as they have to move away from the inter-company loan issue. Its parent company needs cash from Bjtoto.
So how much profit Bjtoto made, they highly will distribute it all.

Actually, it is not good for BJtoto to raise borrowing to pay the special dividend and capital repayment previously, which part of inter-company loan settlement issue.

Bjtoto is merely a dividend play, you buy the stock for its dividend as it is a cash cow, while company is virtually empty, but doesn't means it is not worth, as long as company can generate good profit and distribute it as dividend, then it is a rewarding for those investing in it.

Maybulk profit margin is highly volatile depended on BDI which something they can't control, all depended on commodity shipment environment.

It is a good play for commodities demand recovery. But current commodities demand has not picking back to its prior crisis level. We might see price of commodities rebound a lot, but amount of demand side still weak, that's why BDI doesn't shoot up too much lately.

Maybulk merely earn 1-2 cents on last Q, so can't expect too much dividend in short term, anymore special dividend coming which more than its earning is not sustainable in long term, we need to see its EPS recovers.

No doubt, long term wise and with economy recovery, Maybulk could be good.

Market always worry about sin tax increment will hurt those 'sin' business company, which always ended up make them make even more profit, as those tax increment always got temporarily effect only, afterwards any cost will pass to consumers which people still willing to fork out more money to buy.

The major worry is always rampant smuggling that take a share of the business away from the company.

Theory always remain as theory.

The theory of stock market is even simple -> buy low, sell high. So easy one, what so difficult to make money in stock market?

Leverage is double edge sword, high leverage company can grow fast, but if stumble, everthing gone overnight. Bankers that provide you the leverage can pull the plug if situation changed. Just like last year crisis, lot of company cannot refinance their debt, eventually went down.

If company is borrowing money to pay dividend, I can assure the stock will plunge, as investors are not stupid, if the company is not making profit while still giving dividend through borrowing, it won't be sustainable, it can be seen through their financial report as well.

Maybulk no longer able to pay high dividend at the moment due to low BDI and economy situation. Its earning is highly volatile which coorelate with BDI eventually affect its ability to give dividend.

Right and wrong.

Some div of Digi is in the form of special div, which might not repetitive for next year.
Digi earns about 1.20-1.50 range, so cannot constantly pay 1.80 for you.

Need to dig deeper to have better comparison.
Also business model/nature is different, cannot compare directly as well.

Maybulk's nature of business is more cyclical as profit is highly volatile depended on BDI.

When they earn good time, then can expect good dividend. But in difficult time like last year until now, expect little dividend.