Shares & Derivatives
SIA Engg a good dividend income stock
By Investment Moats  •  May 16, 2011
SIA Engg declares its 4th quarter and full year 2011 results. Nothing spectacular about it but the statements does show a lot of positives why it can potentially be an income growth stock. I briefly look at it 3 months ago and came to a conclusion its valuations are on the high side.
  1. Operating CF while not consistent throughout 2001-2011 shows gradual growth
  2. Free Cash Flow was great for FY2011
  3. Dividend payout fluctuates year on year but on an average they do pay out 200 mil in the past 5 years.
  4. Capex is still consistently low!
  5. No Debts
  6. Cash Holding grew to 580 mil from 425 mil.
  7. Contribution from subsidiary continues to rise, but growth rate has gone down.
SIA Engineering will be paying a bumper 14 cents + 10 cents dividend payout. This translates to a fully year payout of 261 mil. It would seem that the management will ......
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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