March 8, 2012

MSM Malaysia Holdings - Serving a final dividend sweetener soon

Stock Name: MSM
Company Name: MSM MALAYSIA HOLDINGS BERHAD
Research House: CIMBPrice Call: HOLDTarget Price: 4.65



Target RM4.65


We gathered from yesterday's briefing that MSM is committed to its 50% dividend payout policy and will announce its final dividend soon. We expect an 11 sen final dividend, which works out to a yield of 2.2% (full-year yield of 3.8%) and could support near-term share prices.


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