World industrial production showing sign of picking up. Tong herr is doing something necessity hence will be able to benefit from this recovery. Another trump card is with president donald trump to implement 3 trillion infrastructure programme, there is a lot of demand for bolt and nuts. A lot, seriously...
And certain industry must use stainless steel, like power tower, railway track etc... in american we trust in tongher we believe in china got tongher sister company...
felt the urge to say long term investing pay best dividend provided it is a good company. last time work in machinery company, day day see bolt and nuts wear out, terus go buy tongher hehehe.
The retained earnings as at 31 Dec 2016 was RM224 mil with share premium account of another RM28 mil. After deducting dividend of RM31 mil, there are still RM221 mil left. Still more than enough to pay a 1 for 3 bonus issue, leaving retained earnings of about RM168 mil.
if every year dividend 30 cents, then can go up to RM5 (30/.06) at dividend yield of 6%, less likely to happen. If dividend 20 cents, then around RM3.33 at dividend yield of 6%, most like it will happen with strong free cash flow & balance sheet, less capex & good business prospects
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....
lowdensity
79 posts
Posted by lowdensity > 2017-03-03 18:12 | Report Abuse
hope so.