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Positive free cash flow is always the key for a sustainable dividend and be considered a business which makes money. Based on MYEG's 4Q 24 report, its balance sheet item 'Development Costs' ballooned to RM1.8 billion. Free cash flow was negative at RM-50 million. Paid out dividend RM144 million while Sukuk draw down RM425 million. What shall all these numbers mean?
Trump's policy eg. selling LNG to Japan & India, together with his proposed tariff on Petro products imported from Canada, all pointing to booming ahead for US oil&gas industry. As US is the major market for Pantech Global, it's safe to say that Pantech Global's sales to US will be good ahead.
Kucingko gave major shareholders both Mr. Ooi Kok Hong 2,500,000 shares for RM1 and Mr. See Chin Joo 2,500,000 shares for RM1 just one month after listing. It's under LTIP scheme and Mr. Ooi Kok Hong is the Chairman of the LTIP committee which was tasked to decide who get the LTIP shares and for not price. It shall give a lot of thought on this kind of practice. Is it a conflict of interest? acceptable corporate practice?
lazy TheEdge IPO watch regarding Swift Energy. The FY24 data is already available but TheEdge only use FY21 to FY23. The significant of FY24 must mention is EPS has huge leap to 2.25 sen from FY23 1.19 sen, so what ever researches by TheEdge, or Public Investment, and or Ta Research have been underestimate Swift Energy's earning power. Fair value gave by Public Investment as 36 sen, Ta Research 32 sen, are under shot. Assume the company kept the momentum, FY25 EPS shall be 3.375 sen to 4.25 sen, average 3.81 sen, PE 20 times, target price will be 76 sen.
The 20% profit margin for supply electricity to Singapore is well too high a margin for utility players. So if Singapore will continue hand out cash like this is questionable.
