Buy @ $1.275
Average down… Q4 results on 12-May was bad… Huge write-off due to TradeGlobal and Postea, potentially more skeletons falling from their closet… now seeking lawyer advice on the acquisition…
Yield 2.745% ; PE = 150… but using Underlying Net Profit, PE = 25… Dividend Policy is 60%-80% of Underlying Net Profit and FY17 = 3.5ct is 68.8%… Going forward, I think we ought to get used to this kind of dividend… at least till SPC is completed and starts to contribute in 2H… 😀