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This is one of those Buffet type stocks that one can keep for a long time.....
to be absolutely honest, I was targeting it to go to RM 23 when I went in. This is a pleasant surprise
yes. this counter is currently my most favorite counter more than any other. just waiting another bear market and go in. it actually almost fit the buffet law. which can hold forever...
It will normally make big moves like this after they post their annual report.
They are considered a mature company that does not need much cash to re invest in either developing new businesses or capex.
So they just return the profits to the shareholders as dividends.
Correct. This a mature company. But last quarter they still can make 2 digit profit growth. Really superb. But I am wandering they just return 100% profit to shareholder. I thought they might need keep some in their treasury to develop new beverage product. Like most lately smooth draught and somersby.
Unlike other types of businesses, they do not need huge capex to acquire new brand names into their portfolio. Maybe just some goodwill cost. The production process is the same except for the formulation, packaging configuration and marketing.
I would be cautious on that assumption. I would look at their Q1 or even Q2 results to decide. Don't forget both Carlsberg and Heineken is talking about a 12% price hike. But will this affect the Sales volumè? Everything comes ftom Sales or Turnover.
