Most of the Asia Indexes shot up today and KLCI is still facing a little bit of selling pressure, with -0.6 point as an ending this week. Overall, the gainers are more than the losers. As a result, we couldn't see cheap sale in the market like yesterday afternoon.
I did queue to buy 2 target stocks discussed on my previous post this morning, but they did not hit my target price. Did you trade any stock today? I'm thinking whether there will be any cheap sale on next week? Instead of wasting our time to predict the market, let's review on some of the companies' latest result.
PCHEM is doing well this quarter, due to the high selling price surpassing the higher cost. With the continuing spike of oil price, it should be a good horse to keep for the time being. However, no dividend is declared in this quarter.
MEGB is doing only 'okay' on last year, with 4% increment on yearly net profit of RM102 millions. The high cost for the latest 2 quarters was due to the delay of the 2 campuses and high initial expenses. If the new campuses running smooth for the next few months, the cost could gradually run down.
I felt disappointed that there is no final dividend declared with the latest quarter report announcement. One of my mates has checked with MEGB management, they told that they need to table the final dividend for the shareholders approval first on the coming AGM.
Anyway, the management promised that the dividend policy payout will still remain at 50% to 60% of the net profit. MEGB share price closed firm between RM1.84-1.86 these few days, apparently it is still undervalued with the PER of 7.x.
On the other hand, UCHITEC also released it's final quarter result just now. The result is outstanding with the consideration that it is under recovery from the bottom. At the same time, UCHITEC declared 7 cents of final dividends to it's shareholders, 9.3x% total gross D/Y for last year. What a mouth-watering high dividend stock!
By the way, there are 3 new IPOs calling this week. Unfortunately, I'm out of capital to invest any for the time being. Did you subscribe any?
Have a nice weekend, folks!
Posts
hey man, you think the PTPTN issue will not drag on? other than the foreigners selling, that is the main issue as >90% of the students of megb is financed by that scheme. any comments?
Hi CCDEV,
PTPTN issue has been lighten by the press release from PTPTN in Jan. Basically PTPTN required every student to repay the loan by auto-deducting their pay when they come out to work. This workaround seems good to proceed.