7100 UCHITEC

UCHITEC has been a consistent profit performer and distributing dividends to shareholders (based on recent financial reports); some of which are listed below.

DIVIDENDS/BONUS

• Dividend Policy 50% of its audited consolidated profit
• 3Q2012 Net 5sen Interim ST ex-date 27dec12
• 2011 Net 12sen ST
• 2010 Net 12sen ST

RETAINED EARNINGS (Distributable Only)

• 3Q2012 RM96.5M
• FY2011 RM89.4M     FY2010 RM84.6M

OTHERS

• 3Q2012 : EPS: 3.14sen   NTA: 52sen   PE: 10.6   Price: RM1.18 @17dec12

MY TAKE: UCHITEC profitability and dividend have been consistent and especially dividend is expected to hit 10% or above if last 2 years dividend payout is maintained

note: data from local exchange website and pix from googled images, and for any error here refer to local exchange and/or website for accuracy and/or authencity. all analysis herewith is for personal purposes only

7155 SKPRES

SKPRES is mainly involved in the manufacturing of plastic parts and components, contract manufacturing, precision mould making, the sub-assembly of electronic and electrical equipment and other secondary processes.

SKPRES has been a profit performer and also distributing dividends to shareholders (based on recent financial reports); some of which are listed below.

DIVIDENDS/BONUS

• Dividend Policy 50% of its audited consolidated profit after taxation
• 4Q2012 Net 1.05sen First ST ex-date 22oct12
• FY2012 Net 1.55sen
• 2Q2012 Bonus Share Issues 1:2 plus Free Warrant Share Issues 1:5
• FY2011 Net 2.0sen
• FY2010 Net 0.5sen

RETAINED EARNINGS (Distributable Only)

• FY2012: RM121M   FY2011: RM98M   FY2010: RM81M   FY2009: RM70M

OTHERS

• 4Q2012 : EPS: 2sen   NTA: 30sen   PE: 4.2   Price: RM0.335 @3Aug12
• http://www.skpres.com/

MY TAKE: SKPRES profitability have been bumper jumping and in February 2012 released the minimum 50% dividend policy and the bonus and free warrant issued in June 2012. For the last 2 years, patient shareholders have rewarded with bumper dividend and bonus/warrant share issues. Given the ever-increasing retained earning, SKPRES is a must share to keep in milo tins, until and/or changes to it's business environment.

note: data from local exchange website and pix from googled images, and for any error here refer to local exchange and/or website for accuracy and/or authencity. all analysis herewith is for personal purposes only

2771 BSTEAD

BSTEAD is involved in six main sectors namely plantations, heavey industries, properties, finance & investment, pharmaceutical and manufacturing & trading.
BSTEAD has been a profit performer and also distributing dividends to shareholders (based on recent financial reports); some of which are listed below

DIVIDENDS

• Dividend Policy 70% of its audited consolidated profit after taxation
• 1Q2012 Net 7.5sen First ST ex-date 13jun12
• FY2011 Gross 39sen + Bonus Issue 1:10
• FY2010 Gross 39sen
• FY2009 Gross 23.5sen

RETAINED EARNINGS (Distributable Only)

• 1Q2012: RM2248M @30/3/12
• FY2011: RM2210M   FY2010: RM2049M   FY2009: RM1874M   FY2008: RM1731M

OTHERS

• 1Q2012 : EPS: 13.98sen   NTA: 443sen   PE: 9.8   Price: RM5.47 @20Jul12
• http://www.boustead.com.my/

MY TAKE: BSTEAD have been dishing out bumper dividend. Last 2 years dividend averaging about 70% of net profit. Given continuous profitability and increasing retained earnings BSTEAD is set to continue its dividend policy

note: data from local exchange website and pix from googled images, and for any error here refer to local exchange and/or website for accuracy and/or authencity. all analysis herewith is for personal purposes only

7811 SAPIND

SAPIND is an investment holding company with subsidiaries like Sapura Machining, Sapura Automotive, Sapura Brake Technologies, Asian Automotive Steels, Sapura Technical Centre and International Autoparts.

SAPIND has been a profit performer and also distributing dividends to shareholders (based on recent financial reports); some of which are listed below.
DIVIDENDS

• FY2012 Net 17sen First/Final ST ex-date 20jul12
• FY2011 Net 13.8sen First/Final TE ex-date 13jul11
• FY2010

RETAINED EARNINGS (Distributable Only)

• 1Q2013: RM20M @30/4/12
• FY2012: RM14M   FY2011: RM2M   FY2010: (RM5M)

OTHERS

• 1Q2013 : EPS: 7.95sen   NTA: 131sen   PE: 5.6   Price: RM1.78 @15Jun12 http://www.sapura.com.my/

MY TAKE: SAPIND having turnaround in FY2011 and quickly dishing out dividend in 2011 and continue recently with another bumper dividend. Last 2 years dividend averaging about 55% of net profit. Given increasing profitability i.e. EPS and seemingly encouraging automotive market in the country, which augurs well for SAPIND to continue profitability and dividend.

note: data from local exchange website and pix from googled images, and for any error here refer to local exchange and/or website for accuracy and/or authencity. all analysis herewith is for personal purposes only

6947 DIGI

DIGI is part of the global telecommunications provider, Telenor Group and commenced operations in 1995 as the first digital mobile network in Malaysia. DIGI is today a leader in prepaid services, setting industry benchmarks and innovation to deliver quality voice and data services to retail and corporate users. 
DIGI has been a profit performer and also distributing dividends to shareholders (based on recent financial reports); some of which are listed below.

DIVIDENDS

• Dividend Policy of at least 50% refer below link for rest of dividend history from 2005 to 2012
• http://www.digi.com.my/aboutus/digi_ir/financialReports_dividendPolicy.do

RETAINED EARNINGS

•                                            FY2011        FY2010       FY2009         FY2008
• RETAINED EARNINGS:   RM642M     RM577M     RM751M      RM1127M
• NETT INCOME:                RM1254M   RM1178M   RM1000M
• DIVIDEND PAID:              RM1189M   RM1353M   RM1376M

OTHERS

• 1Q2012 : EPS: 4.12sen   NTA: 16sen   PE: 24.2   Price: RM4.00 @15Jun12 

MY TAKE: Given the price movement over the last 4 years (2009-2012), a consistent pattern with price hike after the big fat dividend announcement. DIGI have been dishing out at least 100% dividend payout policy in the last 3 years and retained earnings have nearly halved what was in the books as end FY2008. Will DIGI continue to to dish out such dividend quantum in the future? Early indication is affirmative, given 1Q12 is giving 5.9sen (or 59sen before share-split) which is higher than last 2/3year corresponding quarter.
11July12: wow no need to wait for dividends, price rallied to 4.35 last week and today closed 4.30; capital gain 30sen from 15Jun


note: data from local exchange website and pix from googled images, and for any error here refer to local exchange and/or website for accuracy and/or authencity. all analysis herewith is for personal purposes only

9741 TECNIC

TECNIC's subsidiaries are involved in plastic mold design & fabrication, plastic injection & blow molding, provision of secondary and assembly services for the manufacturing of plastic products. The main industry for the plastic products supplies are automotive, electrical & electronic, industrial packaging and consumer packaging.
TECNIC has been a profit performer and also distributing dividends to shareholders (based on recent financial reports); some of which are listed below.
DIVIDENDS

• FY2012 Nett __sen
• FY2011 Nett 25sen (Final 25% TE ex-date on 16Jul12)
• FY2010 Nett 20sen (Interim 10% TE, Final 10% TE)
• FY2009 Nett 16sen (Final 16% TE)

RETAINED EARNINGS (Distributable Only)

• FY2012: RM56M @30/5/12
• FY2011: RM52M   FY2010: RM40M   FY2009: RM30M

OTHERS

• 1Q2012 : EPS: 9.82sen   NTA: 239sen   PE: 9.6   Price: RM3.78 @15Jun12 
• Dividend Policy 50%
• http://www.tecnic.com.my/

MY TAKE: Given the price movement over the last 4 years (2009-2012), a consistent pattern with price hike after the big fat dividend announcement. TECNIC is maintaining a minimum of 50% dividend policy with the current 25sen TE dividend due ex-date on 16Jul12.
11July: Price rallied from 3.78 on 15June to 4.11 at morning close 11July

note: data from local exchange website and pix from googled images, and for any error here refer to local exchange and/or website for accuracy and/or authencity. all analysis herewith is for personal purposes only

6459 MNRB

MNRB is an investment holding company owns Malaysian Reinsurance Berhad (Malaysian Re), Takaful IKHLAS, MNRB Retakaful Berhad (MRT) and Malaysian Re (Dubai). MNRB group is involved in  reinsurance, takaful and retakaful businesseses. 
MNRB has been a profit performer and also distributing dividends to shareholders (based on recent financial reports); some of which are listed below.
DIVIDENDS

• FY2012 Nett 12.75sen (First and Final 17% less tax) (to be approved in next 39th AGM -24/7/12)
• FY2011 Nett 15sen (First and Final 20% less tax)
• FY2010 None
• FY2009 Nett 7.5sen (Interim 10% less tax)
• FY2008 Nett 29.55sen (Interim 20% less tax, Interim 5% less tax, Final 15% less tax)
• FY2007 Nett 37.63sen (Interim 15% TE, Interim 5% less tax, Final 26% less tax)

RETAINED EARNINGS (Distributable Only)

• FY2012: RM711M @31/5/12
• FY2011: RM651M   FY2010: RM544M   FY2009: RM543M    FY2008: RM557M

OTHERS

• FY2012 : EPS: 43.4sen   NTA: 518sen   PE: 6.2   Price: RM2.70 @08Jun12 
• Dividend Policy 40% - 75%
• KPI : ROE targets set in 2010 (ROE 11.6% for 2011-2013); ROE actual (2011: 13.0%, 2012: 13.5%)
• http://www.mnrb.com.my/home/home.asp

MY TAKE: Given the price movement over the last 4 years (2009-2012), a consistent pattern with price hike after the big fat dividend announcement. MNRB was dishing out dividends prior to 2009 market crisis but is now starting to do dividend distribution again. In the meantime MNRB have built up their cash and retained earnings. In addition GLC KPI attainment of at least 13% in last 2 years, augurs well for better performance and dividend continuation.
11July12: Price from 2.70 on 8Jun to hit high 3.04 on 28Jun, and morning close 2.95 today

note: data from local exchange website and pix from googled images, and for any error here refer to local exchange and/or website for accuracy and/or authencity. all analysis herewith is for personal purposes only

6012 MAXIS

MAXIS is one of Malaysia's biggest integrated communications service providers and primarily involed in mobile and fixed voice, messaging, mobile internet and broadband (both wired and wireless)

MAXIS has been a consistently profit performer and distributing dividends to shareholders (based on recent financial reports); some of which are listed below.


DIVIDENDS

• 1Q2012 Nett 8sen (Interim ST 8sen --ex-date 13Jun12)
• FY2011 Nett 40sen (totalling RM2.2B versus nett profit RM2.5B)
•  Final ST 8sen ex-date 6Jun12
•  Interim ST 8sen ex-dates 13Mar12, 13Dec11, 13Sep11, 13Jun11
• FY2010 Nett 40sen (totalling RM2.475B versus nett profit RM2.295B)
• Final ST 8sen ex-date 20Jun11
• Interim ST 8sen ex-dates 11Mar11, 14Dec10, 14Sep10, 11Jun10
• FY2009 Nett  15sen (admitted to Bursa on 19Nov09) (totalling RM1.4B versus nett profit RM1.6B)


• Final ST 3sen ex-date 24Jun10
• Interim ST 6sen ex-date 11Mar10, 29Dec09

RETAINED EARNINGS (Distributable Only)                     

• 1Q2012: RM561M
• FY2011: RM589M   FY2010: RM251M   FY2009: RM431M    FY2008: RM261M

OTHERS

• 1Q2012 : EPS: 7.6sen   NTA: 108sen   PE: 20.2   Price: RM6.31 @01Jun12 
• http://www.maxis.com.my/main.asp

MY TAKE: Given the price movement over the last 4 years (2009-2012), a consistent pattern with price hike after the big fat dividend announcement. MAXIS dividend is not deemed fat but have been giving dividends 5 times a year for the last 2 years (each totalling a hefty 40sen single-tier) plus 15sen from 1st year of re-listing. This equates to 95sen return since re-IPO price at RM4.75 on 19Nov09. Hence MAXIS have returned almost all their nett profits as dividends to shareholders, implying a 100% dividend policy
11July12: today price closed 6.50 equals captial gain plus dividends, what more can we ask?


note: data from local exchange website and pix from googled images, and for any error here refer to local exchange and/or website for accuracy and/or authencity. all analysis herewith is for personal purposes only

5140 TASCO

TASCO is mainly involved as a total logistics solutions provider while its subsidiary companies are principally involved in the business of truck rental, in-house truck repair and maintenance, insurance agency services and warehouse rental as well as provider of services related to freight forwarding.

TASCO has been a consistently profit performer and distributing dividends to shareholders (based on recent financial reports); some of which are listed below.


DIVIDENDS

• FY2012 Nett ___sen
• FY2011 Nett 10.0sen (Final TE 1.3sen and 11.6sen less tax --ex-date 26Jun12)
• FY2010 Nett  8.0sen (Final TE 4.6sen and 4.53sen less tax)
• FY2009 Nett  7.0sen (Final TE 3sen, Interim TE 4sen)

RETAINED EARNINGS (Distributable Only)

• 1Q2012: RM145M
• FY2011: RM138M   FY2010: RM112M   FY2009: RM90M

OTHERS

• 1Q2012 : EPS: 6.76sen   NTA: 248sen   PE: 7.8   Price: RM2.10 @01Jun12 
• http://www.tasco.com.my/

MY TAKE: Given the price movement over the last 4 years (2009-2012), a consistent pattern with price hike after the big fat dividend announcement. Although TASCO dividend is not fat but increasing amidst healthy financial position. Current nett 10sen dividend at 4.76% dividend yield at RM2.1, also worked out to be equivalent to about 30% dividend policy. A fair dividend counter unless > 50% dividend policy and continue EPS growth going forward ^_^

note: data from local exchange website and pix from googled images, and for any error here refer to local exchange and/or website for accuracy and/or authencity. all analysis herewith is for personal purposes only

4863 TM

TM is Malaysia's leading integrated information and communications group, offers a comprehensive range of communication services and solutions in broadband, data and fixed-line; main focus on the establishment, maintenance and provision of telecommunications and related services.
TM has been a consistently profit performer and distributing dividends to shareholders (based on recent financial reports); some of which are listed below.


DIVIDENDS

• FY2012 Nett ___sen
• FY2011 Nett 19.6sen (Final ST 9.8sen, Interim ST 9.8sen)
• FY2010 Nett 48.6sen (Final 13.1sen less tax, Interim 13sen less tax, Cap distribution 29sen)
• FY2009 Nett 19.75sen (Final 13sen less tax, Interim TE 10sen)

RETAINED EARNINGS (Distributable Only)

• 1Q2012: RM3932M
• FY2011: RM3681M   FY2010: RM2719M   FY2009: RM2222M   FY2008: RM2303

OTHERS

• 1Q2012 : EPS: 7sen   NTA: 216sen   PE: 19.3   Price: RM5.40 @01Jun12 
• Dividend Policy of 90%

MY TAKE: Given the price movement over the last 4 years (2009-2012), a consistent pattern with price hike after the big fat dividend announcement. Telekom has a dividend policy of returning 90% of nett profit to shareholders; this is one of the highest dividend policy in the country.
11Jul12: price rallied to high 5.85 last week, today closed 5.74; again capital gain plus dividend


note: all data from local exchange website, and for any error here refer to local exchange website for accuracy. all analysis herewith is for personal purposes only

2615 JTINTER

JTI is mainly involved in the manufacturing and marketing of tobacco products, which include brands like Salem, Mild Seven and Winston
JTI has been a consistently profit performer and distributing dividends to shareholders (based on recent financial reports); some of which are listed below.


DIVIDENDS

• FY2012 Nett 56sen (Special 24sen less tax and 38sen TE) (24May12)
• FY2011 Nett 22.5sen (1st Interim 15sen and 2nd Interim 15sen less tax)
• FY2010 Nett 22.5sen (1st Interim 15sen and 2nd Interim 15sen less tax)
• FY2009 Nett 22.5sen (1st Interim 15sen and 2nd Interim 15sen less tax) 
• FY2008 Nett 53.2sen (1st Interim 15sen and 2nd Interim 15sen less tax, Special 28sen TE)

RETAINED EARNINGS (Distributable Only)

• FY2012: RM422million (1Q12 : RM146M for 56sen nett dividend yet to minus)
• FY2011: RM385million     FY2010: RM321million     FY2009: RM248million   
• FY2008: RM196million     FY2007: RM229million

OTHERS

• 1Q2012 : EPS: 14.43   NTA: 1.88   PE: 12.6   Price: 7.27 (25May12)

MY TAKE: Given the price movement over the last 4 years (2009-2012), a consistent pattern with price hike after the big fat dividend announcement. Sure enough, the special dividend news on 24May12, spike the share price from RM6.8 to gap up RM7.3 the next day.
The question is will the company continue with special dividend next year? Let me deduce this way; the special dividend payout is estimated at RM146M (based on weighted average number of ordinary issued shares of 261,534,000 sourced from latest report). 1Q12 has delivered RM37M, and assuming consistent quarterly result for rest of the FY, the special dividend payout can be easily covered from FY12 earnings.
note: all data from local exchange website, and for any error here refer to local exchange website for accuracy. all analysis herewith is for personal purposes only

2003 KULIM

18MAY
KULIM released a proposed special dividend pursuant to deemd proposals of KULIM'S investment in QSR and KFC. KULIM holds about 56.83% of QSR which in turn holds about 51.07% of KFC.
On same day, QSR proposed capital repayment RM6.8 per QSR share and RM3.79 per QSR Warrant. Likewise KFC proposed capital repayment RM4.0 per KFC share and RM1.0 per KFC Warrant.


Pursuant to completion and receipt of the above capital repayment, KULIM announced intention to distribute about RM1.157 billion to KULIM shareholders, totalling about 1.235 billion shares (as at 31Dec11), by way of an indicative special dividend of approximately RM0.93


MY TAKE: Since the announcement on 18May12, KULIM price have rallied last 2 days to break all time high of RM4.7 (registered on 10Feb12), to close at RM4.71 on 22May12. The question is will KULIM continue to rally. My take is high odds KULIM will continue towards RM5.0, purely based on the deemed support of the special dividend.


UPDATE :
23May12: KULIM delivered 1Q12 result with EPS 5.62sen vs 10.12sen previously. This is less than expected and price may retreat. price today closed at 4.58
 24May12: price dipped from 4.58 to 4.48 on opening due to impact of poorer 1Q results, then rebound to 4.62 (at time of writing 11:21am) --> potentially uptrend intact
11July12: price rallied from 4.38 low in mid-June to now 4.32 at morning close today; congratz to holders

note: all data from local exchange website, and for any error here refer to local exchange website for accuracy. all analysis herewith is for personal purposes only

3026 DLADY

DLADY for generations is involved mainly in the business to supply quality dairy and infant nutrition products and today DLADY ranks as the leading dairy producer in Malaysia.
DLADY have been a consistently profit performer and distributing increasing dividends to shareholders (based on recent financial reports); some of which are listed below.

DIVIDENDS (Recent history only)

• FY2012 Nett 130sen
• Single tier Interim 50sen and Special Interim 80sen) [2Q2012]
• FY2011 Nett 60sen 
• Interim 10sen and Special Interim 40sen less tax, Special Interim 30sen less tax
• FY2010 Nett 72.5sen
• Final 10sen less tax and 5sen TE, Interim 10sen and Special Interim 40sen less tax, Special Interim 30sen less tax
• FY2009 Nett 69.7sen
• Final 10sen less tax and 5sen TE, Interim 6.25sen and Special Interim 70sen less tax

RETAINED EARNINGS (Distributable Only

• 1Q2012 : RM222million      
• FY2011 : RM195million      FY2010 : RM133million       FY2009 : RM116million 

OTHERS

• 1Q12: EPS: 42.92sen      NTA: 448sen     PE: 19.2    Price: RM32.92 (29May12)
• FY11: EPS: 168.88sen    NTA: 405sen     PE: 18.1    Price: RM30.56

note: all data from local exchange website, and for any error here refer to local exchange website for accuracy. all analysis herewith is for personal purposes only

5008 HARISON

HARRISONS is involved mainly in the promotions, sales, marketing, warehousing and distribution of products from a widespread of industry including consumer, building materials, engineering products, fine wines, agricultural and industrial chemicals, as well as the operation of shipping/logistics and travel agencies in Malaysia.
HARRISONS has represented major multi-nationals e.g. NESTLE for 75 years, GAB for 52 years, Malex for 42 years and Maerskline for 31 years. Some other household names that HARISON represents include SCA Hygiene (Drypers), Reckitt Benckiser (Dettol, Shieldtox), Kao (Biore, Laurier), Ngan Yin and Cocolin.
HARISON have been a consistently profit performer and distributing increasing dividends to shareholders (based on recent financial reports); some of which are listed below.
DIVIDENDS (Recent history only)

• FY2012 Nett __sen
• FY2011 Nett 57.5sen (Special Interim 50sen less tax, Final 20sen single tier ex-date: 04Jul12)
• FY2010 Nett 13.5sen (Final 18sen less tax)
• FY2009 Nett 11.25sen (Final 15sen less tax)

RETAINED EARNINGS (Distributable Only)

• 1Q2012 : RM211million
• FY2011 : RM201million     FY2010 : RM202million     FY2009 : RM173million 

OTHERS

• 1Q2012 : EPS: 11.48sen     NTA: 410sen     PE: 7.1     Price: RM3.25 at 29/5/12
• FY2011 : EPS: 49.47sen     NTA: 393sen     PE: 6.3     Price: RM3.10 @18/5/12

MY TAKE: Given the price movement over the last 4 years (2009-2012), a consistent pattern with price hike after the big fat dividend announcement. Take note that HARRISONS already have a proposed 20sen (for FY11) in progress, and which should be approved (hopefully) latest by 31May. The question now is will HARRISONS dish out another special dividend? If so, when? My take is the odds is high given the high amount in retained earnings.  
note: all data from local exchange website, and for any error here refer to local exchange website for accuracy. all analysis herewith is for personal purposes only

4448 TASEK

TASEK is involved mainly in the manufacture of cement in Malaysia.
TASEK have been a consistently profit performer and distributing increasing dividends to shareholders (based on recent financial reports); some of which are listed below.

DIVIDENDS (Recent history only)

• FY2012 Nett __sen
• FY2011 Nett 75.0sen (Interim 20sen less tax, Final 30sen less tax, Special 50sen less tax)
• FY2010 Nett 60.0sen (Final 30sen less tax, Special 50sen less tax) plus 33sen capital repayment
• FY2009 Nett 22.5sen (Final 10sen less tax, Special 20sen less tax)

RETAINED EARNINGS (Distributable Only)

• 1Q2012 : RM633million
• FY2011 : RM597million     FY2010 : RM587million     FY2009 : RM460million 

OTHERS

• 1Q2012: EPS: 20.44sen   NTA: RM7.9553   PE: 10.3   Price: RM8.40 @29/5/12

note: all data from local exchange website, and for any error here refer to local exchange website for accuracy. all analysis herewith is for personal purposes only

5509 NCB

NCB is involved in providing services in the transport and logistics sector, a key and one of the largest logistics player in Malaysia; primarily via 100% owned North Port, 100% Kontena Nasional Bhd, plus related and associated companies locally and overseas.
NCB have been a consistently profit performer and distributing increasing dividends to shareholders (based on recent financial reports); some of which are listed below.
DIVIDENDS (Recent history only)

• FY2012 Nett 56.00sen (Special Interim 56sen single tier ex-date 16May12)
• FY2011 Nett 61.25sen (Special Interim 59sen less tax, Interim 7sen single tier, Final 10sen single tier)
• FY2010 Nett 27.75sen (Interim 7sen less tax, Final 10sen less tax, Special Interim 20sen less tax)
• FY2009 Nett 21.00sen (Interim 7sen less tax, Final 10sen less tax, Special Interim 11sen less tax)

RETAINED EARNINGS (Distributable Only)

• 1Q2012 : RM1109million
• FY2011 : RM1059million     FY2010 : RM1245million     FY2009 : RM1180million 

OTHERS

• 1Q2012 : EPS : 10.5sen   NTA : 358sen   PE : 10.0     Price: 4.19 (29May12)

MY TAKE: Given the price movement over the last 4 years (2009-2012), a consistent pattern with price hike after the big fat dividend announcement. The question is will NCB do a 3rd special dividend? If so, when (given the special dividends were announced on different time of the year in 2011 and 2012)? My take is high odds that will recur given the high amount in retained earnings.
UPDATE: April announcement by PM that 10 companies to be disposed by PNB/Khazanah (5 each). PNB may dispose non-core assets and NCB is expected to be one of the 5 M&As target
note: all data from local exchange website, and for any error here refer to local exchange website for accuracy. all analysis herewith is for personal purposes only

5024 HUPSENG #

HUPSENG is involved in the manufacture of biscuits, building up into a household name in Malaysia, and today is one of the leading biscuit manufacturers in Malaysia.
HUPSENG have been a consistently profit performer and distributing dividends to shareholders (based on recent financial reports); some of which are listed below.
DIVIDENDS (Recent history only)

• FY2012 Nett __sen
• FY2011 Nett 25sen (Interim 5sen, Interim 5sen, Interim 5sen and Special 10sen single tier)
• FY2010 Nett 12sen (Interim 5sen, Interim 7sen single tier)
• FY2009 Nett 12.75sen
• 4sen single tier
• stock split 1 of rm1 into 2 of rm0.5
• 10sen single tier
• 10% less tax
• DIVIDEND POLICY that will distribute an annual dividend payout of at least 60% of the annual profit after tax

• 1Q2012 : RM68.7million
• FY2011 : RM68.4million     FY2010 : RM67.7million     FY2009 : RM64.7million 

OTHERS

• 1Q2012 : EPS: 6.68   NTA: 1.19   PE: 8.3   Price: 2.23 (29May12)  

note: all data from local exchange website, and for any error here refer to local exchange website for accuracy. all analysis herewith is for personal purposes only

3689 F&N

F&N is one of the oldest companies in Malaysia primarily involved in soft drinks, milk, ice-cream, dairies products, and non-carbonated beverages. Some of the related brand names include 100 Plus, Seasons, Fruit Tree, Magnolia, etc.
F&N have been a consistently profit performer and distributing dividends to shareholders (based on recent financial reports); some of which are listed below.
DIVIDENDS (Recent history only)

• FY2012 Nett 20sen (Interim 20sen single tier) [as at 2Q2012]
• FY2011 Nett 97sen (Interim 20sen, Special Interim 15sen, Final 47sen, Special 15sen single tier)
• FY2010 Nett 164.5sen (Interim 18sen gross or 13.5sen nett and 3sen tax exempt, Special Interim 110sen, Final 38sen single tier)
• FY2009 Nett 41.75sen (Interim 17sen gross or 12.75sen nett, Final 4sen gross or 3sen nett and 21sen tax exempt, Bonus 5sen tax exempt)

RETAINED EARNINGS (Distributable Only)

• FY2012 : RM719million [as at 2Q2012]
• FY2011 : RM804million     FY2010 : RM1077million     FY2009 : RM542million

note: all data from local exchange website, and for any error here refer to local exchange website for accuracy. all analysis herewith is for personal purposes only

2836 CARLSBERG #

CARLSBERG is involved in the brewery businesss of manufacture and distribution primarily in Malaysia. CARLSBERG have been a consistently profit performer and distributing increasing dividends to shareholders (based on recent financial reports); some of which are listed below.
DIVIDENDS (Recent history only)

• FY2012 Nett __sen
• FY2011 Nett 54.875sen (Interim 5sen and First/Final 65.5sen less tax and Special 2sen tax exempt)
• FY2010 Nett 43.5sen (Interim 5sen, Interim Special 2.5sen, Final 7.5sen and Special 43sen less tax)
• FY2009 Nett 17.25sen (Interim 5sen, Final 7.5sen and Special 10.5sen less tax)

RETAINED EARNINGS (Distributable Only)

• 1Q2012 : RM181million (less RM376million consolidation adjustments -MFRS adoption impact)
• FY2011 : RM477million     FY2010 : RM438million     FY2009 : RM363million 

OTHERS

• 1Q2012 : EPS: 17.13sen   NTA: 110sen   PE: 15.0   Price: RM10.30 @Jun 1st

MY TAKE: Given the price movement over the last 4 years (2009-2012), a consistent pattern with price hike after the big fat dividend announcement. The question is will CARLSBERG do another special dividend? If so, when and how much? Am unsure about the RM376M for consolidation adjustments, but company have RM100M cash. Assuming each quarter earning is consistent with RM47M for 2012, should be able to cover total expected dividends for 2012.
note: all data from local exchange website, and for any error here refer to local exchange website for accuracy. all analysis herewith is for personal purposes only

2658 AJINOMOTO

AJINOMOTO is involved in food ingredient and related products in the food industry. AJINOMOTO have been a consistently profit performer and distributing increasing dividends to shareholders (based on recent financial reports); some of which are listed below.
DIVIDENDS (Recent history only)

• FY2012 Gross 20sen (First 11sen less tax and 9sen TE) or Nett 17.25sen
• FY2011 Gross 20sen (First 9sen and Special 2sen) less tax and Final 9sen Tax Exempt, or Nett 17.25sen
• FY2010 Gross 18sen (First 9sen less tax; Final 9sen tax exempt) or Nett 15.75sen
• FY2009 Gross 17sen (First 8sen less tax; Final 9sen tax exempt) or Nett 15sen

RETAINED EARNINGS (Distributable Only)

• FY2012 : RM___million
• FY2011 : RM148million     FY2010 : RM132million     FY2009 : RM117million 

MY TAKE: Given the price movement over the last 4 years (2009-2012), a consistent pattern with price hike after the big fat dividend announcement. The question is will AJINOMOTO dish out another set of special dividend? If so, when? My take is high odds given the increasing retained earnings.
UPDATE:
24May12: AJINOMOTO indeed released news with gross dividend of 20sen. Congratz to holders!

note: all data from local exchange website, and for any error here refer to local exchange website for accuracy. all analysis herewith is for personal purposes only

3719 PANAMY

PANAMY is involved in the Panasonic range of electrical appliance products. Panasonic is a trusted brand for home appliance products in Malaysia. It is listed in KLSE since 1966.
PANAMY have been a consistently profit performer and distributing increasing dividends to shareholders (based on recent financial reports); some of which are listed below.


DIVIDENDS

• FY2012 Gross ___sen or Nett ___sen
• FY2011 Gross 145sen (Interim 15sen, Final 35sen, Special 95sen) less tax or Nett 109sen
• FY2010 Gross 120sen (Interim 15sen, Final 35sen, Special 70sen) less tax or Nett 90sen 
• FY2009 Gross 105sen (Interim 15sen, Final 35sen, Special 55sen) less tax or Nett 78.75sen

RETAINED EARNINGS (Distributable Only)

• FY2012: RM587million
• FY2011: RM586million     FY2010: RM558million     FY2009: RM541million

MY TAKE: Given the price movement over the last 4 years (2009-2012), a consistent pattern with price hike after the big fat dividend announcement. The question is will the company continue with the yearly increasing special dividend? My take is high odds that will recur and is purely based on the high amount in retained earnings. So am watching closely for positive news (^_^) in the next quarterly report season; which incidentally is in the next few days, else next week; latest by 31May.

UPDATE: Latest 4Q12 quarter came out on 30May, with a shocker EPS of 12sen vs 24sen prior year, due to lower fan sales in Middle East countries; plus delaying dividend announcement. Price took a beating following day, eventhough basic fundamental remains. However outlook for FY ending 2013 will be challenging due to continual euro zone financial crisis and uncertain political situation in the Middle East. Long term investor will probably continue to hold until dividend quantum announcement before position re-evalution.
note: all data from local exchange website, and for any error here refer to local exchange website for accuracy. all analysis herewith is for personal purposes only