2nd quarter earnings is down 40% to $703m( due to factoring allowances of 379m), dividend was lowered at 39 cents vs 55 cents due to authority guidance on dividend policy.
NAV $22.31.
Yearly dividend of 78 cents. Yield is 3.95% at $19.71.
Trading at P/B of 0.88 seems quite attractive.
Currently, the yield is the highest among the local bank counter.
With the nice bouncing off from the low of $19.00 and hitting the high of $19.78 looks rather bullish!
Short term wise, I think this bullish momentum may likely continue to drive the price higher to test $20.05 with further extension towards $21.50.
Half year interim dividend of 39 cents, ex.dividend date on 26th Aug.
Not a call to buy or sell.
Pls dyodd.
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