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NewsHighlight SAM proposes interim, special dividends; Shares top gainer
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Highlight SAM proposes interim, special dividends; Shares top gainer
by Cals Tue 23 Jun 2015, 01:49
Highlight
SAM proposes interim, special dividends; Shares top gainer
KUALA LUMPUR (June 22): SAM Engineering & Equipment Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) plans to pay total dividends of 32.2 sen a share after reporting higher profit for financial year ended March 31, 2015 (FY15).
In a statement to the exchange today, SAM (fundamental: 2.5; valuation: 2.6) said the single-tier dividends comprise an interim dividend of 11.94 sen and special portion of 20.26 sen.
SAM said its shares would trade ex-dividend this July 30.
Last month, the company reported that 4QFY15 net profit rose to RM15.39 million from RM9.76 million a year earlier.
Full-year net profit was higher at RM34.63 million versus RM28.32 million.
Today, SAM shares jumped as much as 50 sen or 12% to RM4.70 before reducing gains at afternoon market break.
At 12:30pm, SAM settled at RM4.61 with 529,100 shares done. The stock was the top gainer across Bursa Malaysia.
SAM shares had gained 71% this year, significantly outperforming the FBM KLCI's 2% decline.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
SAM proposes interim, special dividends; Shares top gainer
KUALA LUMPUR (June 22): SAM Engineering & Equipment Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) plans to pay total dividends of 32.2 sen a share after reporting higher profit for financial year ended March 31, 2015 (FY15).
In a statement to the exchange today, SAM (fundamental: 2.5; valuation: 2.6) said the single-tier dividends comprise an interim dividend of 11.94 sen and special portion of 20.26 sen.
SAM said its shares would trade ex-dividend this July 30.
Last month, the company reported that 4QFY15 net profit rose to RM15.39 million from RM9.76 million a year earlier.
Full-year net profit was higher at RM34.63 million versus RM28.32 million.
Today, SAM shares jumped as much as 50 sen or 12% to RM4.70 before reducing gains at afternoon market break.
At 12:30pm, SAM settled at RM4.61 with 529,100 shares done. The stock was the top gainer across Bursa Malaysia.
SAM shares had gained 71% this year, significantly outperforming the FBM KLCI's 2% decline.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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