I have been keeping this for 7 years now, still don't intend to sell as it dividend payout still relatively sustainable judging the recent announcement below. Recently a backdrop of weaker demand as a tougher economic landscape eats into consumers' purchasing power. This can be seem in its previous 1Q where a 43% drop of net profit. However second Q has rose to 26% and maintaining a 10sen dividend for this Q. I would expect a same margin of dividend in August 2010 where a minimum of 30sen dividend is possible basing its 90% of net profit of dividend payout policy.
KUALA LUMPUR: GUINNESS ANCHOR BHD []'s second quarter net profit rose 26.4% to RM43.82 million from RM34.67 million a year ago and it expects a better year ahead for its brands.
It said on Tuesday, Feb 9 revenue rose 15.1% to RM378.13 million from RM328.52 million. Earnings per share were 14.5 sen versus 11.48 sen. It declared an interim dividend of 10 sen per share.
For the first half, net profit was RM70.56 million, down 14% from RM82 million in the previous corresponding period. Revenue was also lower at RM679.1 million versus RM694.32 million.
11 comments:
With today sold off all Genting at average 6.71 and IOIcorp at 5.13, portfolio have realize biggest ever loss of -45k, write off portfolio of nearly 60% profit off so far for this year :( (Profit mainly derive from REITS investment in Jan-Feb)
Portfolio become risk averse with no idea which direction of market is heading !? Portfolio will adopt much more conservative approach in future to avoid loss, Is just too disappointed that portfolio have to recognize loss, it will bookmark in red in my trading record for future lesson.....
Msia portfolio
a) CIMB 8.6% (cost 12.48)
Singapore portfolio
a) 100%c cash
hng,
there is still a 40% profit there :) still in +ve zone.
Some how i admire yr decision, a brave trader with cut loss strategy all set in. I for one still need to learn on this especially cutting losses.
Good luck to you mate.
horse
Your are long term investor and hold stock for decade :) Only trade when stock are low and hold till in money. Profit from stock investment only is your side income, afford to wait and maintain good trading record. Well done.
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hng,
Some how i find it quite suitable for me, as i don't punt stocks and only look into quality and dividend stocks. If i get stuck just wait till the next entry level or keep for dividend for cushioning.
But after viewing yr day-trading method, it is quite rewarding but only meant for full timer like you. coz, we might just miss it while some stocks are trading in money. Keeping yr capital is also utmost important, thus, parttimer just won;t hv the time for it.
horse
Everyone have their own niche, so long the investment strategy suit one particular best, continue develop and practice it.
Still digesting today painful lesson :( and record down in BIG RED BOOKMARK and highlighten all possible mistake and ensure such mistake must never repeat again in future.....
Market seem holding on well...
I'm now accumulating value and high dividend stocks. As these stocks are thin volume, will disclose once already have substantial stake :)
Good luck to your bids & may the best price be yours. :)
Well done for having the conviction to hold onto this stock. Its dividend has grown over the years. The DY has been good at around 5 to 7% yearly. Moreover, the share price has also grown at the rate of 3% or so yearly. Those who have held onto this stock would have seen a compound annual gain, from combined capital gain and dividend, of around 8% to 10% for the last 5 to 10 years.
bullbear,
Thanks bb, do you own any GAB ?
How long have you keeping GAB ?
What you said is true, i hope for a bonus issue in the future since the base is small but very unlikely. :(
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