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