Its 3% not 0.03%. LPI has outperformed 99% of all the stocks listed in Bursa over the decade. 3% margin of safety is sufficient for such a track record.
Not wanting to sound pessimistic but am only expecting a so-so piece of financial results considering the current challenging operating conditions ... hopefully, the dividend rate can be maintained like last year's.
The EPS is on decreasing trend, in last 5 years decreased by around 14.7%, the PE ratio is quite high, around 20, the ROE is 15%, dividend yield is 3.88%
2016 got one off gain. Exclude that one off gain, 2016 result drop. 2017 result return to normal 2018 3Q accumulated flat. Result good or x depend on Q4.
Good result. FY18 dividend payout totaled at 68.0 cents, up 13% compared to FY17. That translated to 4.1% DY at current price of 16.38. Buy at target price of 17.00. You only need to own 1 company share that is LPI. 99% of other company on BURSA will make you poorer for sure.
“For the 12 months period ended 31 December 2018, LPI registered an increase in its revenue by 2.9% to RM1,513.7 million from RM1,470.6 million recorded in previous corresponding period.
Its profit before tax increased marginally from RM403.7 million previously to RM406.0 million while net profit attributable to shareholders stood at RM314.0 million, a 0.1% increase from previous year of RM313.8 million.
Earnings per share of LPI for the year recorded 78.83 sen and net return on equity registered lower at 14.6% from 16.3% previously.
LPI as Malaysia's Berkshire Hathaway should deserve a premium price. There aren't much quality company like LPI in Bursa. As I said before, you only need to own LPI in Bursa, the rest (99%) of other companies are listed to make investor poorer.
BRK use GEICO (insurance company)'s float to invest in other companies. Similarly LPI, mostly on PBBANK. Anyway I m referring to its stock performance vs BRK.
Refer to Bursa Malaysia website for announcement. The company normally announcement it 1 month before the AGM date and usually notice issued by end of February.
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....
shpg22
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Posted by shpg22 > 2018-07-10 15:04 | Report Abuse
Its 3% not 0.03%. LPI has outperformed 99% of all the stocks listed in Bursa over the decade. 3% margin of safety is sufficient for such a track record.