TM. Boustead. Esso. Earnings

TM Q4 eps 11.2 sen (nta 216, Q/Q 5/ 7/ 3/ 12/ 11.2) Fv= RM3.40 Now trading at RM3.80 w/ PE 11... Still very cheap... Propose Dv 13.1 sen... plus a capital distribution of 29 sen (RM 1.037b/ 3.377b shares).

TM is in my core holdings and have benefitted many who took my recommendations to buy in on my previous posting. Well, it doesn't fly like some of the stocks prices but it gives me a peace of mind and a piece of regular guaranteed dividends of at least 20 sen (5.5 %) per year.

So taking into consideration previous Dv 13 sen + impending 13 sen + 29 sen = 55 sen FY 2010, that's 55/360 = > 15% for many of my friends who're passive investors (those buy-and forget type) ...
Late buyers who got in at RM3.38 or RM3.48, gain = (13+29)/ 348 = 12 %

Boustead Q4 22 sen (nta 450, Q/Q 16/ 10/ 16/ 10/ 22) Fv= RM5.80 Now trading at RM5.40 w/ PE < 10... Propose Dv 12 sen, ex. 17th Mar... FY10 dividend yield (5+10+12+12)/ 540 = 7.2%... Proposed a dividend policy of 70 % profit payout to shareholders

Esso Q4 45 sen (nta 281, Q/Q 22/ 26/ 6/ 45) Fv=RM5.00 at PER 5. Now trading at RM3.00 w/ PE < 10... Expect Dv 14 sen