Yup..Dividend = 0.2% x 0.50 (PAR value) = RM0.001 per share..the management is too stingy on giving dividend...just keep for long term for capital appreciation..
Its net assets per share jumped from last quarter of 3.07 to this quarter of 6.41 is likely to be a mistake. Most likely the desk officer divide the assets by its share capital instead of divide by the number of shares. The face value of Kuchai share is 50 sens.
Fair Value gain is only Rm 11.57 million. That won't increase its Net Assets per share From Rm3.07 to Rm6.41. To increase to Rm6.41, Kuchai needs to increase its current assets of Rm 397 million (as reported) by another Rm 400 million. I think Rm6.41 is a mistake.
Look at the financial statements. When overall profits are higher than revenue chances of a non-operating gain is likely to be the cause. The investments of the Company had appreciated and that explains the paper gain in fair values. Hope the helps.
I was thinking one quarter but actually many quarters also report profit higher than revenue. Kuchai also one of the many companies in Bursa stingy with dividend payout. Apart from special dividend in 2013 most of the years pay little dividend despite cash rich or assets rich status.
That is when one would assess the Management's ability to lead the company. The operating revenue base is not contributing to the profit growth, so one needs to ask where the company is heading.
....so stingy company!!! So much profit but no bonus and share split. When are they going to reward the minority shareholders? Am getting tired of waiting!!!
how to unlock the profit >?.. i think market discount this share for corporate governance problem... if directors can treat minority investors nicer by paying more dividend ... i think this share will fly...
kuchai major shareholder Lee Thor Seng is Lee family's cousin,Lee Thor Seng'father was Lee kong Chian's(Lee rubber founder)brother. Wait until this stingy old man died only buy,if the old man dont died the counter cant move up
Wrong person died,his cousin Lee Seng Gee,(eldest son of Lee Kong Chian)died on tuesday.age 95. I agreed with oldchinaman . He treat us small poor retailers as BEGGER,just paid Rm1.00 dividend on 8 jan 2015, and Rm 8.5 on 22 jan 2016. 45+million cash in hand 0 bank OD KAN DIN LOW BOO
china's securities regulator urged listed companies to reward investors with cash dividends, vowing to punish stingy "IRON ROOSTER", hope malaysia will follow,
2 yrs ago AGM the chairman was asked what they wanted to do about the huge undervaluation of the company & he said privatisation was one of the steps they 'were considering'.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bhlim24
19 posts
Posted by bhlim24 > 2014-11-07 21:53 | Report Abuse
Yup..Dividend = 0.2% x 0.50 (PAR value) = RM0.001 per share..the management is too stingy on giving dividend...just keep for long term for capital appreciation..