In my opinion, the special dividend is a sign that Panasonic with its huge cash war chest. Since 2006, annual dividend has been >RM1.15, except for 2009 and 2012. Since 2010 only 6 out of 8 years Panasonic declared a special dividend, special dividends have represented 32%-65% of the total dividend payout. So, I don't think that the dividend under threat. If you assume an average of RM1.2 at stock price of RM29, you are looking at 3%yield which is fairly conservative. I don't think you can expect 5.88% yield going forward, even if Panasonic raises the dividend payout, with rising stock price the yield will be attenuated.
If you look at the chart, PANAMY is forming a bullish pattern.
This is a stock that is not for day-trading. In fact, most KLSE stocks do not have the volume for day trading. This is a consumer cyclical stock. With 'zero-ing' of GST and lower petrol, etc., if you invest with a 2-3 year time frame, I think you will be handsomely rewarded.
Going forward , my points of concern Bad ; -Raw material costs copper , steel etc ( this we as small ikan billis really cannot know exactly and need want if there is any BOOM when qtr report out) , hope PANAMY smart management will do something to reduce if costs go up -USD fluctuations ( this tie with macro environment that we also cannot do anything )
Good ; -GST scrap out, so consumer sentiment in Msia shld be better , expect more sales
I think only PANAMY annual report in Bursa that got show example of a investor investment of rm1000 turn out to be how much today ....
Hope PANAMY can go up slowly and steadily and all the way I will buy slowly ....maybe few months buy one time to accumulate for long term .....
Learn really hard lesson in MYEG and GKENT .....where the effect is so big and drop so much almost 90% ....anyhow need learn to move on and be better !
Anybody top up these few days? I did. Kind of satisfaction when you queue low and seller throw the price to you. Again, this is not for short term trade.
There are 2 options on when to buy, either you wait till support bounce back at RM 37.83 (S1), RM 35.99(S2) or you wait for final confirmation that there is high volume beyond RM 40.79 if you are ultra conservative. In any case, I think I have said this before, when I made my purchases, it was around RM 39, even when it dropped dramatically during mid-Feb, I never considered selling and I still don't, because I want this stock as part of my long term core holding. :)
As has been stated in this forum, PANAMY is NOT a stock for quick in and out trading. On Jun13th, if you had waivered during the day, you might have sold it at RM 35.6, but it did close back at RM38 (S2 not violated). In fact since May16th, (S1) has not been violated either). This is really and institutional stock, the major moves are > 100,000 trading volume. There are only 3 major down days of any significance (Dec21st2017: 201K: RM38.98, May24th2018: 171K: RM38.8, Jun5th2018: RM38.3). All three have >100K trading volume and all three closed above RM37.83
So my advice, is to stop fretting in this forum - it is a buy and hold for the long term. If you want to make a quick ringgit - perhaps you should consider swapping Starbucks coffee for Mamak's teh tarik. You will save more money! Happy investing.
Foreign funds have been disposing Panamy share bits by bits, stopping it from going up. That’s about a 10% discounted since the bumper dividend announcement.
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....
RainT
8,448 posts
Posted by RainT > 2018-04-12 16:42 | Report Abuse
Not only Panamy
Many export also same
Important is the company grow and prospects