Bjtoto actually was a good counter with high yield. But its inter-company loan (hundred of millions) issue back 2000 (around that time, forget which year already) did make a lot fund managers stay out of this counters last time out. That's why its share hardly much much since after that. It was a Rm7-8 counter back then. The inter-company loan only settled after so many years.

Those dividend can be tax exempted because it has tax credit or the profit/money derived is from capital/asset appreciation not from business activities.

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Added on December 24, 2007, 2:33 pmIt actually being taxed more leh, not actually no tax. Kind of mislead if said no tax.

This post has been edited by cherroy: Dec 24 2007, 02:33 PM

For dividend play, I mixed bag with some Reits counters as well. Bought some more in last Friday and today as well.

It hurt the lower income group and beneficiary to top income group. All are taxed at 26% regardless of your tax bracket.

This post has been edited by cherroy: Dec 24 2007, 03:32 PM

Some company did declare some special dividend which is one off, won't repeatable, so becareful of this kind of outliar data. To get consistently dividend throughout, one must look at the dividend that derived from its earning.
Dividend generated from capital gain of asset disposal, capital repayment should be treated as some bonuses, don't take into the primary consideration for dividend yield play. Always look for its earning to see whether the dividend policy is sustainable or not.


Amway gave away 52.50 cents based on last year financial calendar ended 2007 one. So with 1x100, you get Rm52.50 before tax.

I was taking in financial year end 31Dec2007 one for the calculation. Not this year.

Opps, may be I messed up already. Too much holiday in between recently. Thanks for the correction.

Apollo shares seldom trade one or only trade a little (10-20 lots x1000/day consider a lot already), that's why you see the straight line.
Financial result and dividend yield are quite steady throughout, another 'boring' dividend counter. Think of this stock before but trade too little make it hard to buy and sell sometimes.

Personally, I would propose they change the name to a more commercial name, Apollo seems a bit strange when you talk to remiser that you want to buy its share.

Me: hello, Mr. xxx (remiser)?
Remiser: Yup, what can I help you?
Me: I want to buy Apollo.
Remiser : ?? (Those not familiar with this stock one, surely will puzzle awhile).


For Reit can check at the Reit thread
http://forum.lowyat.net/topic/479946

Based on current closing price, they carry about 7.+% yield (before withholding tax)

That's why I had kept it for 7-8 years now.
(To be honest, I also forget which year I bought it already, need to search out from the stack of contract note to know, don't bother much already, , should be around 1999-2000)

The tax exemption because it is giving out its reserves cash also got lot of tax credit.

Based on my lastest known, Panamy has about RM7.++/share in cash. It is a cash rich company that's why it able to give out generous dividend in term of special dividend.

Not meant to recommend it, judge your own.

This post has been edited by cherroy: Dec 29 2007, 03:16 PM

For dividend stock, it is indeed boring if you want to see price appreciation like those CW movement. Hardly move throughout. Only move when dividend is going to be announcement or announced.

It is a patient game. If a stock is carrying 7%+, after 10 years of holding and getting this kind of dividend, it is basically a 'free' unit already as you already capture all your initial capital back through dividend. Whatever left in the stock price is your gain. That's why don't bother about its share price anymore, as long it still give relative good yield based on the current price, there is no reason to sell it, until its show sign of financial result declining which not able to sustain its high dividend yield.

FYI, Panamy did have some problem of its financial result during around 2003-2004 (can't remember correctly which year), it registered losses at this period due to unprofitability of the washing machine sector which after spin off this factory then it turns into healthy profitibilty level again.

Don't solely look at dividend or dividend yield to decide. There are several major important factors to look at for those high dividend yield stock too:

1. EPS, as EPS is the main source of the dividend, one to look at its EPS whether it can sustain the high dividend payout. Some dividend payout are special (due to asset appreciation or some special gain through asset disposal)which might not repeatable on next year or in the future.

2. Company prospect or future earning, it comes to future earning or EPS as well. As if the company future is good and future EPS will be improving that will only mean higher possible dividend in the future.

Those above 2 criteria are quite important to look at when choosing high dividend stocks. If one particular share has good prospect and EPS is good and sufficient to sustain its current high dividend payout, 90% of the chance, investment in this particular of stock won't go wrong too much.

Most of the time, market is quite efficient to interpret the situation, a stock won't have too high dividend yield as there are tons of people queueing to buy when the yield is attractive enough. If a stock is having too high yield compared to market average then you need to look more in depth into it, why people don't want it? Highly possible people think their future prospect is not good so won't be sustain the previous high dividend payout. Although market sometimes can be wrong, one should always look more in depth about it before commiting.

Just my 2 cents.

This post has been edited by cherroy: Jan 3 2008, 03:48 PM

Structured investment product is also type of closed ended fund which is one off that will be run a period of time, like 1 years 2, 3 years which can be investing in certain stock (mostly overseas), options, derivatives product etc depends on the nature of structured product.
Most banks impose a min of Rm250K while a few at Rm100K.

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Added on January 14, 2008, 1:44 pmIt is because the historical issue of inter-company loan that draining the BJtoto cash pile which only being settled after 7-8 years recently. Can't blame the old investors not willing to pick up it.

This post has been edited by cherroy: Jan 14 2008, 03:09 PM

Yup, in the credit tighten environment, just like credit crunch in US recently, cash rich company will always cruise through the bad time (if happened).

Cash rich + high dividend yield company is always good to have one.
It is not people don't talk about those company as those people that have bought one is aim for long term holding, they don't care much about daily price movement of the stocks, what they care the most is the dividend yield that they are getting and company remains high profitibility to sustain its high dividend.
Just like myself, I don't monitor much about those high dividend yield stock I have, only when they released their financial result nor I talk about it, (only talk when people ask to raise some issue regarding it), as they are kind of 'boring' stocks.

This post has been edited by cherroy: Jan 14 2008, 03:23 PM

Yes, beginners should go for those kind of stocks. But sadly to say, most don't but go for those 'goreng' stocks that are quick in price movement which can be 20%-100% in matter of days. Stock market sometimes is a patient game also.

What I mean 'boring' is in term of daily price movement, the term generally used by old timers in the stock market to reflect its daily movement, in long term their return rate is definitely not 'boring', there is no doubt about that.

Another point to take account for is the loan quality they gave out, or NPL issue.
Better loan quality will lead one bank to survive through the bad times. Locally, Pbbank is the best in term of level of NPL until now since 1997 crisis. Not meant Pbbank is better buy or not good than others. Judge your own based on data and fundamental issues.

This post has been edited by cherroy: Jan 18 2008, 02:46 PM

Dividend history seems not bad. What is this company business? relatively unknown in the market, may be mainly due to low liquidity and low cap.

That's why I call for profit taking at Rm1.75. Time for me to buy again.
The reason I call for profit taking because I don't see any dramatic turn around for the market in near term. You need to hold long in this kind of market.

It depends how much 'bullet' you have, if one is sitting with high cash position, then nipping a bit, no harm done, as yield at 7.+% is reasonable, much better than FD already. If one is cash tight one, then different case liao as market may still long way to find the bottom.

Just my opinion.

Judge your own.

It is to do with the new dividend taxation announced last year budget (for 2008).

It is not 'free tax' actually that we had discussed it before.

Under new dividend taxation rules, all dividend are being taxed at corporate level before giving out to shareholders.
So what you get is net already, you can't claim back any tax which had been deducted at corporate level.
But in your dividend voucher won't show any tax deducted, already net one, so it gives an impression of 'tax free' but in actual fact, not really.

The old system is imputation, new system call single-tier.

This post has been edited by cherroy: Mar 5 2008, 11:48 AM

True, starting from 2008 financial calendar onwards

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Added on March 5, 2008, 2:17 pmThere is no such thing of which system company use, company can't choose which they want to use.

Prior 2008 or before 2008 financial calendar, all are under old system, after 2008, all need to do single-tier system.

This post has been edited by cherroy: Mar 5 2008, 02:17 PM

6 years period is meant for clearing their tax credit from their old system.