Mar 7 2010, 05:49 PM
QUOTE(SKY 1809 @ Mar 7 2010, 04:32 PM)
You are welcome.
If market price factored in a high expectation of future dividends of 50sen a year, it is quite worrying.
And Special Dividends came from selling off of some profitable businesses ( or ceasing of a profitable business in Year 2008 ). Sorry, too lazy to go into details. They have distributed a big part of dividends through Reserve built up over the years.
By the way , the car market is picking up. Just do not know the net profit margin now ( last year less than 2% on average i.e 9/500 ). Just wandering why it is low for a lucrative business
Too lazy to find out unless I want to buy this stock.
Take care and do more homework.
jz to add some info about CCB...If market price factored in a high expectation of future dividends of 50sen a year, it is quite worrying.
And Special Dividends came from selling off of some profitable businesses ( or ceasing of a profitable business in Year 2008 ). Sorry, too lazy to go into details. They have distributed a big part of dividends through Reserve built up over the years.
By the way , the car market is picking up. Just do not know the net profit margin now ( last year less than 2% on average i.e 9/500 ). Just wandering why it is low for a lucrative business
Too lazy to find out unless I want to buy this stock.Take care and do more homework.
they could afford to give dividend of > RM1 in past 2 years mainly due to premium of RM18million received from investment in mercedes-benz malaysia (MBM).
their core business is really not profitable, they have been receiving net dividend income of RM11million/annum from MBM which is valid until dec 2012.
after tat the net dividend amount might be reviewed (or terminated?)
hence like wat u have said earlier, it is very unlikely to maintain dividend at > rm1.++, probably only get 5 sen of dividend
This post has been edited by yktan83: Mar 7 2010, 05:51 PM
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