Just received 30sen T.E dividend from MAYBULK on 12/5/2008. After this dividend the total dividend yield stay at 9% base on current price. Giving a conservative growth at EPS=50sen, this carrier should worth around RM5, if compare to it peer. Nevertheless, market have yet to reflect the true valuation of it. Lets take note the 1st quarter result which take place around this time in May and see how it turn out to be. Bye.
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