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