$99SMART (5326.MY)$
Heng Heng ah. The first time to subscribe 🔥

$HLIND (3301.MY)$
#HLIND Fenglong Industrial hits a new high in cash history
#Special dividend of 50 cents boosts stock price to a 6-year high
#Withholding dividends makes it difficult for the stock price to rise
At the end of 2016, I once attended the Hap Seng Plantations shareholder meeting. At that time, the majority of shareholders were aged between 50 and 60. The company's Net Cash increased tenfold from RM169 million to the current RM1,691 million in eight and a half years, demonstrating an amazing ability to save money. Therefore, many early investors who bought in at a low stock price are still holding on to collect dividends, although the stock price growth has been relatively lackluster in recent years, with this year finally seeing a turnaround.
After profits exceeded RM300 million in 2018-19, the stock price hit a historic high of RM12.30 in 2018. Unfortunately, post-pandemic profits have not been able to surpass RM300 million, hence the stock price has been stuck at the RM9-10 level.
In fact, Harry has been calling for Hap Seng Plantations to issue special dividends on Fb Live in recent years, but unfortunately, the Hong Leong Management did not take notice. With ample cash reserves but no expansion or special dividends being issued, it has been difficult for the stock price to rise. Recently, the company sold off a subsidiary to gain additional cash, and with the company's cash reserves increasing year by year to nearly a record high of RM1.7 billion, the company has finally decided to issue a 50-cent special dividend.
Special dividend is distributed, with some slight profit growth, in the past...