Wednesday, 20 November 2013
Update: Matrix Concepts
Since our highlight on Matrix Concepts (Matrix) on 10 Oct 2013 in “The Good, The Bad, The Ugly”, share price has risen by 13% to hit a high (since listing) of RM3.24 on 19 Nov 2013.
The company declared a third interim single tier dividend of 5 sen per share and special single tier dividend of 5 sen per share on 19 Nov 2013. The ex-dividend date for Matrix is 27 Dec 2013. DPS declared post listing amounts to 17 sen per share and based on our estimate the company should deliver DPS of 23 sen for the full year (40% dividend payout ratio) giving a yield of close to 7%.
To read more about the company and its latest 9M results, go to http://mchb.investor.net.my/