February 29, 2012

Wellcall Holdings - Only if you love dividends

Stock Name: WELLCAL
Company Name: WELLCALL HOLDINGS BHD
Research House: CIMBPrice Call: HOLDTarget Price: 1.28




Target RM1.28

Wellcall has been generous with its dividends, paying out most of its earnings. Management is looking at an expansion exercise but it  should not affect the dividend payout given its net cash, which backs 20% of its market cap.


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