April 18, 2011

SIGN - Signature may pay dividends this year: OSK

Stock Name: SIGN
Company Name: SIGNATURE INTERNATIONAL BHD
Research House: OSK

Signature International Bhd is expected pay a net dividend of three sen per share this year and five sen in 2012 compared to zero dividends previously, OSK Research says.

"This means, Signature International will provide net yields of 4.0 per cent and 6.7 percent for the 2011 and 2012 financial years respectively," the research house said in its Malaysia Equity Investment Research Daily today.

It maintained a "buy" call on Signature International shares with a target value of RM1.18.

Signature International is involved in design, manufacture and retail of kitchen and wardrobe systems; marketing and distribution of white goods; and glass and aluminum products.
-- Bernama

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