Monday, November 10, 2014

2014 Portfolio Change (10 Nov)

  • Divested SGX @ $7.08
  • Vested China Merchants Pacific @ $0.93



Last week, China Merchants Pacific announced 45% increase in net profit for their 3Q2014 financial results, attributed to higher profit contribution from its toll road operations.

CMPacific have been paying dividends consistently, and dividends trend has been growing. Based on the announcement, Diluted EPS has grown from HK$0.1464 in 2013 to HK$0.1994 for 3rd quarter, and HK$0.4503 to HK$0.5887 for 9-month period. Numbers suggests that dividends is sustainable.

At my entry price of $0.93, expected yield based on 2014 dividends is 8.3%.

Dividends History:
Nov 2014: $0.035
Jun 2014: $0.0425
Nov 2013: $0.0275
Jun 2013: $0.0275
Nov 2012: $0.0275
Jun 2012: $0.03
Nov 2011: $0.025
Jun 2011: $0.02
Nov 2010: $0.02
Jun 2010: $0.02
Nov 2009: $0.025
Jun 2009: $0.0225

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