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Heard some insider info...
Year 2009 is the biggest untung year since cscstel listed in bursa, the eps is estimate 0.23 sen,
their dividen policy is 50% net profit, so if year 2009 really hit eps 0.23, then we can get final dividen 11 sen.
9 month eps now is 14.48, dividen policy 50%, so we now get 7.2 sen dividen and still waiting for the year 2009 last quater report.
If 11sen dividen, calculate by my average price 1.41, i get 7.8% dividen yield, 3 times higher than FD 2.5% rate.
According to latest Quater report end september 30, 2009.
cash in hand stand at 253 million
Inventory 141 million
receivable 107 million
total borrowing only 13.7 million
payable 52.7 million
9 month operating cash flow = 103 million
investing cash flow = -3.1 million
financing cash flow = -29.5 million
This company got so much $$$ wor, so low debt. Net asset per share stand at RM 1.99, and today closing price is 1.46, the price so cheap, Nice huh ?
Their mother company is 台湾中钢 http://www.csc.com.tw/indexc.asp
TOP 3 shareholders :
1 | CHINA STEEL ASIA PACIFIC HOLDINGS PTE LTD | 171,000,000 | 45.82% |
2 | LEMBAGA TABUNG ANGKATAN TENTERA | 38,077,700 | 10.20% |
3 | LEMBAGA TABUNG HAJI | 28,782,100 | 7.71% |
TOP 3 already total 63.73% , free float 22.96%.
Weekly chart
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If break above long term down trend line around > 1.52, ho sei liao ?
中钢中钢,钱那么多,你们几时要分钱啊 。。。
today KLCI close 1300.35, another new high
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