Keong Hong had
opened its books for FY2016 ending September 31st.
As Keong Hong is one of my counters, I will do a short review on its performance. Interested investors may find my previous assessments of Keong Hong
here.
In a nutshell:
1)
Diluted EPS in FY2016 stands at
15.08 cents, having decreased by 1.33 cents (~8%)
2)
ROE has also decreased to
26.5%, down from 40.3% recorded in FY15, but similar to FY14's performance
3)
Dividends are announced to be
3 cents per share, bringing FY16 dividends up to 3.5 cents for the full year (decreased by 1 cent, but still 7.45% yield at current share price of $0.47. At my buy-in price of $0.455, dividend yield stands at 7.69%)
4)
Order book stands at
$351 million, down from $411 ...
...