Buy @ $6.90
A new stock to my portfolio. Just added to YieldStocks blog this month as it meets our min. 4% yield criteria. Some info,
- Div 4ct / Q with extra Variable Div in Q4, depending on excess cash
- For FY13, Variable Div = 12ct
- FY13 EPS = 31.43ct vs Div = 28ct
- FY12 EPS = 27.32ct vs Div = 27ct
- FY14 9M EPS = 22.72ct
- Q414 (Jun) likely to see yoy drop due to lower volumes seen from Q314
- My estimate is FY14 EPS = 29ct but still possible to match FY13 Div = 28ct
SGX releases monthly business data. So far, for Q4, April data had seen a huge drop yoy and May is expected to follow the same trend.
Despite my expectation of a continued weaker Q4 yoy, I have decided to start buying SGX at current prices as I'm expecting the expected high Q4 absolute Div to provide good support to share prices…. I hope… Any drop, especially after they release weaker yoy monthly data, I plan to collect more. Will treat it as a replacement (currently SIAEC) stock for the Yield Rotation Strategy 😀