AHealth Big Dividend + Bonus Issue |
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Written by Leremy
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Tuesday, 27 April 2010 |
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AHealth (Apex Healthcare Berhad) has finally reveal its final dividend of 4.5 Sen (Less Tax) and a Special Dividend of 10 Sen (Less Tax). The EX date will be on 31 May 2010 and the Payment Date falls on 23 June 2010. Apart from that, AHealth will be giving its share holders a bonus issue of 4 for 1. All these are bullish news for AHealth and will be a good "insurance" that the share price will not drop before these goodies are given out.
Today, AHealth is traded at 2.91 and the PE is 9.85. Earning per share is rather high too at 29.54 and the market issued is only about 75 million. The par value for this share is RM1.00. AHealth is fundamentally sound and is still a buy for me in the short run.
The only concern is the next quarterly report that is expected to be announced in late May. AHealth has recently went to China to do business. Whether they will be successful or not in China is still a big question. I hate company who went overseas to do business and came back telling you they have lose all their money (for example, Astro). But looking at all the goodies AHealth is giving to us, it is a small indication that they are doing well.
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