KUALA LUMPUR (Oct 13): Only World Group Holdings Bhd (OWG) has declared a first interim dividend of 2.8 sen per share for its financial year ending June 30, 2016 (FY16).
 
In a filing with Bursa Malaysia today, the group said the dividend will be paid on Nov 16, and that the ex-date is on Oct 27.
 
In its fourth quarter ended June 30, 2015 (4QFY15), OWG registered a net profit of RM2.91 million or 0.02 sen per share, on the back of RM20.41 million in revenue.
 
The group’s net profit for the six month period (6MFY15) stood at RM14.16 million, with a revenue of RM86.89 million.
 
CIMB Research said in a note on Oct 9 that the stock of the food and beverage and hospitality provider could be worth sixfold in five years' time.
 
OWG closed 16 sen or 6.96% higher at RM2.46 today, after 2.05 million shares were traded. The counter had earlier touched an intra-day high of RM2.53.
 
Its current share price gives it a market capitalisation of RM425.5 million.
 
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)