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