My dividend income will take a hit this year as hupsteel cuts this year dividend to 0.1c from the previous years' 1c. - steel business is making a loss. Asia enterprise n cosmosteel which are similar are all reporting losses too. So its not the company's weak but the O&G n shipbuilding industry is weak beyond terms. - 0.1c dividend i believe its just to reward loyal shareholders even though company making loss BUT: - its sitting pretty on more than half a million square feet of space: freehold around 140,000sf (add up kim chuan, genting lane, jalan besar, hoe nam), Leasehold around 400,000sf in jurong and tuas. - net cash nil debt position. ☆☆ possibility of real estate transformation??? With lim boh chuan previously handling the ppty segment now taking on MD n co-ceo role, things might get more interesting. I am staying vested....