Thursday 18 Apr 2024
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KUALA LUMPUR: Investors bought Fima Corp Bhd shares after Insider Asia said the company offered attractive dividend yield and valuations.

Fima Corp owns a concession to produce government security and confidential documents, besides bank notes.

Fima Corp shares rose 8 sen or 3.15% to close at RM2.62 yesterday. A total of 54,900 shares were traded. In comparison, the FBM KLCI fell 7.56 points or 0.4%.

Insider Asia said in a report published in The Edge Financial Daily yesterday that Fima Corp offered an attractive dividend yield of 4.4%, while payout ratio had doubled from 20.3% in financial year ended March 31, 2010 (FY10) to 41.6% in FY14.

On valuations, Insider Asia said Fima Corp shares traded at a 12-month trailing price-earnings ratio (PER) of 9.73 times and 1.29 times book value.

Bloomberg data showed that the sector average PER is about 26 times.

Insider Asia reported Fima Corp offers investors a high-yielding investment with stable income, thanks to its unusual core business.

 

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

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