Shares & Derivatives
Tea with Mike: UOB KayHian Holdings.
By A Singaporean Stockmarket Investor (ASSI)  •  October 5, 2013
Getting a sense of a fair price to pay: UOB KayHian Holdings as a case study.
I was screening for companies with decent yield and growth for the past 5 to 10 years, using a Google screener, and I decided to do some in depth study of UOB KayHian.
UOB KayHian pays out about 50% of earnings as dividends for almost a decade. In the earlier years, the payout was more than 50%. So there is certainty of payment, and it has been profitable for the past 12 years, and last year was actually the weakest year in a decade.
I use the spreadsheet to churn out important numbers such as revenue, NP, margins etc for the various markets, such as Singapore, Hong Kong, Thailand. I wanted sustainability of dividend income. So, I want to know what income I can expect going forward and I gave myself a few scenarios:
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By A Singaporean Stockmarket Investor (ASSI)
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