Hafary

The dividends look good but the stock is not so cheap going by certain metrics.
EPS is 2.5 cents for FY12, so the PE is 10 x.
NAV is 16 cents only, so the stock is trading at above book. Lucky fellow!

I doubt dividend will go higher to 3.5 cents in current FY. I don't know much about Hafary but reading this article, I believe it has major purchases to take care of --- ie, new HQ building, new warehouse in Changi, new marble-processing facility in Sg Kadut....

Of course, they can use debt as much as they want but they will have to balance the interest cost against paying a 3.5 cent dividend (or whatever).

Btw, the current 1.5 cent dividend is just around the corner, waiting for approval at AGM soon.
[hr]
[Esther 26-08-2012]:

Big things start small, eh?
Look at the sizzling dividend growth.

fy 10: 0.4 cent
fy 11: 0.9 cent
fy 12: 2.5 cent.

fy13: ?? 3.5 cents ???

HAFARY: 10% dividend yield now but can it be sustained?

LAI LIAO!!!

Shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with shares at 5.00 p.m. on 22 November 2012 will be entitled to the final dividend.

Payment of the final tax-exempt dividend of 1.5 Singapore cents per ordinary share will be made on 30 November 2012.

Wht u r so happy? There r so many in history that pays such dividents n go busts shortly. I wish u r blessed but pse tell us why. Thk you.

Wht u r so happy? There r so many in history that pays such dividents n go busts shortly. I wish u r blessed but pse tell us why. Thk you.