CAP have dividend policy to payout 20% profit net profit as dividend for financial year 2013 and 2014. According to bursa announcement, for financial year ending 2013, CAP record EPS = 13sen, payout interim dividend 1sen and final dividend 1.518 sen for its financial year ending 2013. This is in line with CAP 20% payout policy.
CAP cumulative 2 quarter result ending 2014 record EPS = 9.4sen, assuming final quarter record another 3sen, will give rise to total EPS = 12.4sen. The 20% payout give rise to about 2.5sen dividend payout or 11.3% yield.
1st: Dont buy red chips 2nd: Follow the first rule. 3rd: They have tonnes of cash but trading at unreasonable price 4th: Cheap can be cheaper. They used to be supported around 0.28-0.3 for long time. 5th: Maybe sometime in future, one of the plant burned. Good company sink into losses. Example: CSL
well..... last year 2014 the entitlement of final dividend was around August so let us hope that it will happen again provided that it is on the positive track.
From Starbiz KUALA LUMPUR: China Automobile Parts Holdings Ltd plans to venture into the recycling of end of tyres and other process rubber products via a joint venture with Sri Elastomers Sdn. Bhd.
It signed an MoU with Sri Elastomers, which is based in Sungai Buloh, Selangor, on Wednesday.
“Sri Elastomers has the technical expertise and technology on the recycling of end of life tires and other processed rubber products,” it said, adding the Malaysian partner has the de-vulcanisation technology and processes to make new rubber compound.
China Automobile said the new rubber compound would be used to manufacture new rubber products.
“The objective of the MoU is to record the intention to form an alliance with Sri Elastomers to jointly venture to commercialise the technology in the city of Xiamen, Fujian Province, China,” it said.
It plans to set up a plant to recycle “end of life” tires and other processed rubber products to produce the compound to be used in making new rubber products.
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....
sron97g
354 posts
Posted by sron97g > 2015-01-12 17:47 | Report Abuse
hatching stage?