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