2.5cents Dividend payout actually All Came from 22.70Mil annual installment from Splash Sale. Safe to say, this Dividend payout is "confirmed " for 8 more years ( rain or Shine )
Of course if KPS makes "super Normal" profit in between Quarters---interim Dividend is still on the Card
Kumpulan Perangsang Selangor adopts 30% dividend payout policy
(theedgemarkets.com / March 30, 2021 18:52 pm +08)
KUALA LUMPUR (March 30): Kumpulan Perangsang Selangor Bhd (KPS) today said it has approved a dividend policy under which the company intends to pay at least 30% of its normalised profit after taxation and minority interest annually.
The policy, which takes immediate effect, will serve as a guideline to ensure that future dividends are declared in reflection of the group's financial position, operating performance, future investment needs, and other factors deemed relevant to the group, KPS said in a statement.
"This is to ensure stable and sustainable returns to shareholders. The dividend declaration and payment will either be in an interim or final dividend, subject to the board and shareholders' approval, respectively," it said.
Its board has also proposed the distribution of RM13.4 million as the final cash dividend for the financial year ended Dec 31, 2020. The proposal will be up to shareholders' approval at its upcoming annual general meeting on May 25.
"If approved, our shareholders will be receiving a 2.5 sen dividend per ordinary share. The final dividend will be payable on June 24 to shareholders of record as of May 31," it said.
KPS' managing director and group chief executive officer Ahmad Fariz Hassan said the group's announcement of its inaugural dividend policy is a significant milestone, which validates its business' overall strengths and sustainability.
"It also reflects the board's confidence in the group and its commitment to rewarding shareholders for their ownership and support. The basic premise is that we expect KPS to continue to create value, improve earnings visibility and generate sustainable cash flows to support the policy, moving in parallel to our long-term business strategy of enhancing the group fundamentals and accelerating the delivery of all our subsidiary companies," he said.
He also said returning capital to shareholders in the form of 2.5 sen final dividend per ordinary share for financial year 2020 shows the group's financial commitment to its shareholders for their support, despite ongoing challenges in the macroeconomic landscape.
"Our excess capital remains at a level that affords us the financial flexibility to grow our business and ensure a healthy balance sheet," he added.
Meanwhile, the group noted it has, since its listing on Bursa Malaysia's Main Market in 2004, consistently delivered financial commitment and rewarded its shareholders with dividends.
It added that it will review the dividend policy annually and may amend it if necessary based on the company's financial position, profitability, cash flow and other relevant factors, to ensure consistency with the group's overall corporate objectives.
KPS closed three sen or 3.06% lower at 95 sen today, valuing the group at RM537.38 million.
Dividend policy said even kps makes losses for the year, it can still give Dividend. Obviously annual Dividend 2.5sens comes from Splash Sales installment ( 22.7mil---8 more yrs ) Current 2.5sens dividend cost KPS 13.425mil out of 22.7m, management cheap skates, should give more
2020 Total profit is 40.860mil ( 30% as dividend is 12.258mil----about 2.5cents ) Based on 4Q20 results, KPS should average 108mil Profit in 2021-----30% Dividend about 6cents 6% yield beat All FD Rate now
How can u base on 4Q earning when a big chunk of the earning came from 1 off gain from the disposal of asset ? R u expecting kps to keep sellng asset every quarter ? LOL
cocqueen very sharp,he was dead right on the gloves stocks....if not now koyak
KY will never ever die been so many years, He will buy a lot of cheap ones first then advertise and ask ppl to buy....This is the so-called way of King goreng...
HIGHLIGHTS FOR THE YEAR ENDED 31 DECEMBER 2020 The Group surpassed its
"RM1 billion revenue mark for fiscal 2020, growing commendably by 24% to RM1.1 billion, as compared with RM866.8 million it recorded in the corresponding period in 2019. Manufacturing contributed 83%, growing by 37% to RM894.6 million"
"KPS’ manufacturing business, which is represented by Toyoplas Manufacturing (M) Sdn Bhd (“Toyoplas”), Century Bond Bhd (“CBB”), CPI (Penang) Sdn Bhd (“CPI”), and King Koil Manufacturing West LLC (”KKMW”), recorded 14% revenue growth YoY, contributing RM273.2 million, or 86% to the Group’s revenue, as compared to RM239.5 million in the corresponding quarter last year.
With its plants in China, Indonesia, Malaysia, and Vietnam, Toyoplas contribution grew by 9% to RM129.9 million, driven mainly by the consumer electronics and industrial tools divisions. This was followed by CBB, contributing RM61.3 million, or 14% more, given higher traction from the offset carton and consumer divisions. CPI added RM49.8 million at a moderate growth of 4%. Finally, KKMW added the remaining revenue of RM32.2 million on 76% growth, riding on higher capacity utilisation, additional new key retailers, and stronger sales in the premium bedding lines."
Wow Keyman... So high yield.. Collect like you collect... Keep for grandchildren to enjoy this high yield. That’s why I follow Keyman Sifu. Thanks for your calculations.
Toyoplas Manufacturing (Malaysia) Sdn Bhd Group of Companies (“Toyoplas“) serves the integrated plastics injection moulding industry with clientele from the consumer electronics sector, as well as industrial tools, automotive and other sectors with a value chain spanning over 75 countries. As a one-stop solutions provider, Toyoplas Group’s expertise covers mould fabrication, precision injection moulding and secondary processes as well as assembly via its seven manufacturing plants across Malaysia, China and Indonesia.
Our plastic injection moulding facilities house a variety of injection machines across a wide range of tonnages. We invest in the best quality machines for optimum speed, energy, efficiency and versatility. Our strong capabilities include single and double colour injection machines, insert moulding and clean room environment suited for medical products.
Since our humble beginnings with only two machines in 1974, SKP now has more than 250 injection moulding machines ranging from from 50 to 2,000 tons to cater to our clients' every requirement. Utilising top industrial names such as Toshiba Machine, Haitian, Nissei P, and Demag, SKP's renowned automation and precision in mould design and fabrication extends to our close-tolerance injection moulding processes which feature double-injection machines, multi-cavity moulds, and even in-mould label moulding.
To further add value to our seamless, one-stop supply chain, SKP provides advanced secondary operations for the perfect cosmetic finish to your plastic components. Widely acclaimed and recognised by our clients, SKP's post-moulding processes feature 10k Class clean room facilities, high-gloss finish coatings, ultrasonic welding, and fully-automated multi-colour tempo printing.
So dedicated are we to the ideal finish of your plastic components that we have developed our own multi-axis, CNC-programmable gantry robots from a team of dedicated in-house robotics engineers that make us a leader in the region.
The Injection Moulding operation is equipped with the latest robotic pick-up arm and modern plastic injection moulding machineries. The state of art fully robotic moulding operation enables the company to provide top quality products and services to Multinational Companies (MNC). Our Group is committed to continuously upgrading its manufacturing technologies and facilities to position itself competitively in the industry. The Nitrogen Gas Assist Moulding and Overlay Moulding are some of the examples of modern plastic injection technology that you can find in our plants.
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....
joeshare
538 posts
Posted by joeshare > 2021-03-30 18:24 | Report Abuse
KY already change tactic.. no longer u u can ride his wave.. his first wave is his last nowdays.. look at all the new stock he recommend