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2016-11-30 09:28 | Report Abuse
Attended the AGM yesterday,
many shareholders asking for higher dvd and the mgt explained that tehy will give higher dvd (above 15% of PAT) when their net cash reserve above RM300Million. Their dvd policy is 15% of PAT and the net cash reserve as at 30 June is RM141million.
Next year, the Group plans to spend RM54million in capex for expansion and upgrade of machinery.
They also explained that next year is a challenging year as labour costs and materials are expected to increase and orders are expected to decrease due to competition from China manufacturers setting up big factories in Vietnam to compete for orders and skilled workers.
They also said they going to reduce bank borrowings.
The above are the main points from the AGM.
The mgt are quite smart & prudence in managing the operations and cash flows.
Stock: [RKI]: RHONG KHEN INTERNATIONAL BERHAD
2016-12-19 13:34 | Report Abuse
those bought Liihen, Poh Huat and Hevea also been trapped and lost money.
So, with or without bonus issues also not much different, many been trapped also.
Bonus issues helped those speculators especially KYY and gangs to con/trap stupid n greedy shareholders especially those who bought Poh Huat, Liihen and Hevea at peak.
Lucky Latitude did not issue Bonus, if not more peoples will be cheated/trapped by those speculators.