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At the closing price of RM3.54, Genting’s dividend yield would come at about 3.67%, if the flagship company also declares a final dividend of 6.5 sen per share. This is in comparison to a yield of 2.2% a year ago at the share price of RM5.92.
A back-of-the-envelope calculation, as- suming GENM declares a final dividend of
six sen per share in the second half of FY20, the casino operator will be offering a divi- dend yield of 5.38% based on the closing price of RM2.23.This is in comparison to last year’s yield of 3.91% — based on its share price a year ago of RM3.07.
GCB (Asia’s largest cocoa grinder and will be the world’s fourth largest cocoa grinder after Barry Callebaut AG, Cargill and Olam International Ltd)
1. Sales is more than RM2billion over the past 3 years (FY16:RM2.3bil, FY17:RM2.1bil; FY18:RM2.3bil);
2. Profit before tax rose y-o-y (FY16:RM43mil; FY17: RM91mil; FY18: RM190mil);
3. Q2Y2020 quarterly report, sales increased from RM1.4bil in FYE06/2019 to RM1.8bil as at Jun 2020 (30% growth) and profit after tax increased from RM114mil in FYE06/2019 to RM129mil as at Jun 2020 (13% growth). Total cash stood at RM56mil (FYE2018: RN47mil) VS Bank Borrowing at RM712mil (FYE2018: RM683mil);
4. Noted GCM acquired subsidiary amounting to RM120mil+ in Y2020. According to news in Dec 2019, they are buying Europe based chocolate maker, Schokinag Holding GMBH (SHG) as part of group’s global expansion strategy to expand its product range into the downstream industrial chocolate business to business market;
5. Noted profit after tax amounting to RM129mil included unrealised / realised gain from FOREX/forward currency contract / commodity future contract/ commodity option contract which are not profit from operation amounting to RM48mil (RM42mil in FYE12/2018). If we were to exclude this part, profit after tax will be RM81mil;
Overall, satisfactory financial performance as at Jun 2020. However, the business financial year ending 31 Dec 2020 will be challenging as they are selling 1st half capacity since Oct 2019.
The largest shareholder. Actually they had on Aug 2018 acquired 290.99mil shares or 27.77% stake at a total price of RM113mil via Dazzle Clean Ltd. At that point of time, shares were crossed via direct transactions in 2 blocks, with the first block of 94.51mil shares traded at 39 cents per share and the second block of 18.49mil shares exchanged at 38 cents per shares. FRONTKN ‘s shares price is RM3.8+ in 24/8/2020 compared w 2 years back
EFORCE’s revenue increased from RM5.3mil to RM7mil (31% growth) and profit before tax rose from RM1.8mil to RM3.4mil (86% growth). No borrowing from bank as at Jun 2020. Overall, satisfactory financial performance as at Q2Y2020 with cash and cash equivalents at RM17.6mil and positive operating cash flow.
According to the quarterly report, company’s ASP segment growth followed by high daily trading volume and value in Bursa .
Hence, they will continue actively engaging with their customers to increase system capacity and capability to meet the big increase in volume.
Looking forward, the Group is seeing advancement and deployment of new innovative technologies following from the roll-out of 5G globally and they believe these developments in the electronic and technology space will be positive for their business.
As at 24 Augist 2020, the total contingent liabilities is RM171mil. This consists of corporate guarantees given by the Company to secure credit facilities granted to their investments.
