y everyone go for mahsing ah?? good meh???got internal tips kah??

This post has been edited by joanalooidog: Apr 1 2008, 11:25 AM

I'm applying Dayang & Hartlega for the drill but not for long term.

Most Asian market shows green but our KLSE shows red

this 22nd will but more of maybulk hehe

New IPO:

DAYANG ENTERPRISE HOLDINGS BERHAD ("DEHB")

some info quoted from the newspaper

- Main board
- O&G
- Miri-based company
- net earnings per share (EPS) 10.27 sen
- forecast a net dividend per share of 3.65 sen, or a net yield of 2.52%
- IPO price of RM1.45 each
- Listing on April 28 2008



This post has been edited by panasonic88: Apr 1 2008, 12:51 PM

how to apply?

PILECON, PN17 company. don't touch ler.

apply via ATM

For the financial year ended Jan 31 (FY08), Hap Seng saw its net profit balloon by 602% to RM846.9mil and revenue expand 515% to RM2.24bil compared with FY07.

The company said the results included a gain of RM601.6mil resulting from the listing of its plantation business, Hap Seng Plantations Holdings Bhd last November.

Huh?? How can proceeds from the listing of a unit or subsidiary considered revenue?

Sure ma.. The money generated will be a revenue for the whole group..

heh definitely misleading for The Star business to report net profits 'ballooned' and giving big numbers like '515%' and '602%'. When the money isn't really money coming from business but more of a equity cash raising event. Reading the news event is as though the company actually paid TheStar to make them look good.

And about the dividend. Please re-read the quarterly report for those of you who are thinking of chasing the share for dividend, the only dividend you'll be getting in the near future is RM0.07 per share and NOT RM0.56 per share. The rest has already been paid.

No one is going to raise cash via equity to pay out dividends. And the dividends paid were to reward shareholders who voted to allow them to sell off their plantation shares to the public for additional capital.

This post has been edited by skiddtrader: Apr 1 2008, 02:04 PM

U sure? I got from their financial report is proposed div per share (sen) for the current quarter is 53

QUOTE(jasontoh @ Apr 1 2008, 02:03 PM)

U sure? I got from their financial report is proposed div per share (sen) for the current quarter is 53

"14. [b]Dividends
(a) Dividend paid for year ended 31 January 2008

(i) an interim dividend of 3.5 sen (2007: 3.5 sen) per ordinary share less income tax at 26% (2007: 27%) which was approved by the Board of Directors on 27 September 2007 had been paid on 26 October 2007;

(ii) a special interim dividend of 41.0 sen per ordinary share less income tax at 26% and a special interim tax exempt dividend of 5.0 sen per ordinary share which were approved by the Board of Directors on 20 November 2007 had been paid on 14 December 2007.

(b) The Board of Directors have on even date proposed a final dividend for year ended 31 January 2008 which is subject to the approval of shareholders at the forthcoming Annual General Meeting of the Company as follows:

(i) Amount per ordinary share of RM1.00 each
- Final Dividend 7.0 sen less income tax at 25%

(ii) Previous year corresponding period:
Amount per ordinary share of RM1.00 each
- Final Dividend 3.5 sen less income tax at 26%

(iii) Total dividend for the current financial year: 56.5 sen (2007: 7.0 sen comprising an interim dividend of 3.5 sen per ordinary share less income tax at 27% and final dividend of 3.5 sen per ordinary share less income tax at 26%)

(b) The entitlement and payment date will be determined at a later date."

Read that statement again please and do the calculations. Only the 7 sen dividend is not paid yet, the rest is paid already. Confusing isn't it? Hmmm I wonder why they make it confusing.

This post has been edited by skiddtrader: Apr 1 2008, 02:10 PM

quoting my post again.

Yeah, quite confusing. Then if 7 cents meaning not so attractive already.

look at the past dividend record...

Yeap, but one should properly define that line rather than forecasting from the previous dividents.

Sucks la. I really thought 20%. Last time already missed the boat, so promise myself not to miss it. Really disappointed.

Hey guys... Should I cut Hap Seng off... If only 7% dividend left, then i am sure this is just a hype up case...