The approved but not contracted for amounting to RM228.0 million represents the balance of the total capital expenditures commitment of RM1.3 billion during the concession period of 30 years under the Ports Privatisation Agreement. The agreement will be expired at 2034 or 14 more years to go or each year committed fund is about Rm 16.3 millions. With the profit of about Rm50 to 60 million a year, there will be sufficient fund to pay for higher dividend or other investment in the future.
Going up steadily. I bought because I figured that the demand from dividend chasers will be strong since FD rates are now paying practically nothing =)
I will accumulate also but not as much as you lah. Price is dropping now. Probably wait for it to go stagnant baru saya masuk. Currently holding it paper loss. And FYI to shareholders - coming QR will look nasty. June is slightly ok but April and May, 心照.
Suria 40% of port revenue came from palm oil export. With palm oil export vol increase, Suria will sure benefited. Good bet now with price at almost historical low and >5% D.Y.
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....
tonywong8
476 posts
Posted by tonywong8 > 2020-05-23 18:39 | Report Abuse
The approved but not contracted for amounting to RM228.0 million represents the balance of
the total capital expenditures commitment of RM1.3 billion during the concession period of 30
years under the Ports Privatisation Agreement. The agreement will be expired at 2034 or 14 more years to go or each year committed fund is about Rm 16.3 millions. With the profit of about Rm50 to 60 million a year, there will be sufficient fund to pay for higher dividend or other investment in the future.