Hopefully they shift the entire manufacturing operations to Thailand and privatize the company in the process, maybe buy back shares @ RM 50 - RM 60 .....
Good company iz very cheap. But if you believe their brand name, i thinl they can go very far in middle east and whole asian mkt. The mgt style also very good. Stable and expandijg carefully.
ongkkh Yip2880 your info is reliable or simply tembak?
Bro, this is my personal opinion / analysis and it is not just simply tembak.
To me, if Panamy is to eventually shift the entire manufacturing operations out of Malaysia, you need to ask the following:
1. Will the overseas operations be still under the umbrella of the Malaysian plc? 2. Or will they set up a new subsidiary directly under Panasonic Japan?
If event No. does 2 takes place, then the Malaysian operations will be scaled down to just a distribution arm. If that materialises, you need to ask the following:
1. Will Panamy be able to maintain its profit margins as well as dividend payments as it does now? 2. If it can't maintain, then what would be a more realistic value for Panamy shares
Take a look at BAT.
Hence that's why I hope that they privatise the company.
Btw, that could be another reason why the management is reluctant to declare bonus shares by capitalising on their retained earnings of more than RM 1/2 bil. Distribution business does not require high paid-up capital.
As mentioned earlier, just my opinion / analysis but is also not simply tembak.
I am also still holding this counter. But like what I mentioned earlier, I would prefer a privatisation exercise if the company eventually decides to relocate its entire manufacturing operations overseas.
Fabien Extraordinaire its better for them to do split to improve trading liquidity
I doubt if they will do a share split. Companies like Panamy does not really need to implement a share split to improve liquidity as I don't think they are out to attract investors, more so from individuals.
Dividend yield is good this round bcoz of the very high special dividend declared, most likely to appease those shareholders who have been clamouring for bonus during previous AGMs. Unlikely to be a yearly affair.
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 > 2018-07-26 12:27 | Report Abuse
If really down sizing then is bad news
Going forward ....profit and sales will decline