A 31.7% or S$25.9 million increase in revenue to S$107.8 million for the three months ended 31 December 2019 (“4Q FY2019”), compared to S$81.9 million in the previous corresponding period (“4Q FY2018”).
Looks like a good sets of financial quarter result!
A Final dividend of 1.25 cents was being declared representing a payout percentage of 51.2.
If the next few quarter are able to see the same Net Profit being achieved for the 4Q 2019 then we can expect a increase of dividend payout to let say 3.1 cents versus 2 cents for Y2019.
The cashflow statement is pretty healthy.
FCF is able to cover the total dividend payout even if they have declared a higher dividend of more than 2 cents dividend.
I think the current price is well supported with an yield of 4.2% . NAV of 41 cents.
I think a target price of 59.5 cents is achievable base on PE 15x ( EPS 3.94 cents).
Not a call to buy or sell.
Pls dyodd.
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