Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Wednesday, June 10, 2009

KLCCP, PLUS, BJ TOTO

KLCCP
EPS = net profit RM 836m/ 936m shares issued = 89 sen.
PE = current price 3.20/0.89 = 3.6
Dividend = 10 sen. Dv yield = 3 %. "Fair price" = 10/0.03 = RM 3.33
Net asset = RM4.36
Current price of RM 3.20 is a good buy.

PLUS
EPS = 1080m/5000m = 21 sen
Total dv = 16 sen, dv yield = 5 %. "Fair price" = 16 / 0.05 = RM3.20
NA = RM1.14
Final dv 9.5 sen goes ex. 9th June, pays 2th July

BJ TOTO
NA RM0.26
EPS = 348m/1351m = 28 sen
Total dv = 26 sen, dv yield = 5 %
"Fair price" = 26/0.05 = RM5.20

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