PIE Industrial up 1.8% on dividend payment

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KUALA LUMPUR (April 3): PIE Industrial Bhd rose as much as 1.2 sen or 1.8% to RM6.80 after it announced a dividend payment of 25 sen.

PIE Industrial’s (fundamental: 2.5; valuation: 1.0) price went up to RM6.80 as at 10.37am. The trading volume is thin, with only 5,500 unit changed hands.

The manufacturer’s core business is in fabrication of moulds, PCB assembly, plastic injection moulding, as well as making and assembly of cable and wire.

The company has announced that a special Single Tier Dividend of 13 sen per share and a First and Final Single Tier Dividend of 12 sen per share for financial year ended December 2014 to be paid to shareholders pending approval from shareholders in the coming annual general meeting.

However, the entitlement date and date of payment of the dividends have yet to be finalised.

(Notes: 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.)