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