Tuesday 23 Apr 2024
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Atlan Holdings Bhd
ATLAN is the country’s largest duty-free retailer, operating a network of 36 outlets in Malaysia under the “ZON” brand. It also has auto-parts manufacturing and property arms.

The stock is thinly traded due to its low public shareholding spread of 14.29%. Nonetheless, there has been a pickup in volume since mid-October, perhaps due to the announcement of its second interim dividend of 10 sen, which goes ex on October 28.

The company is currently in the process of placing out up to 15% of its existing shares, in order to comply with the minimum 25% public shareholding by December 31.

Atlan may appeal to yield-seeking investors as it pays decent dividends. FY February 2014’s dividends totalled 65 sen per share. Excluding a special dividend of 40 sen, the yield was still a high 5.0%.

atlan_holdings_1Nov14

This article first appeared in The Edge Financial Daily, on November 3, 2014.

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