Fuxing’s share price dipped 12% after good results
By Ernest Lim's investing blog  •  March 13, 2011
Fuxing announced its 4QFY10 results on 1 Mar 11, after trading hours. Despite a good set of results, Fuxing has slid 12% from $0.170 on 1 Mar 11 to $0.150 on 11 Mar 11 on lower than average volumes (except for one day – 7 Mar 11). So what constitutes the fall in the share price?

Some potential “reasons” to the drop in share price

Besides the poor market sentiment relating to S chips (especially after the audit issues on China Hongxing and Hongwei etc), I shall hazard some guesses to the reasons why there is a drop in Fuxing’s share price.

Firstly, Fuxing has reduced its target dividend payout ratio from not less than 40% to not less than 25% in FY11 and beyond. This may affect some investors who have previously bought Fuxing potentially for high expected dividend yields. I have put in a table to ...
Read the full article
By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.

Your email address will not be published. Required fields are marked *


Your Email Address will not be published

Read More Articles
More from thefinance