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In a Sept 15 note on Samchem, Rakuten Trade, which has a “buy” call on the stock with a target price of RM1.25, says the group has been paying dividends constantly over the past three years, with a payout ratio of 29.1% to 47.4%.
Based on the dividend per share (DPS) of 2.1 sen paid out for FY2020, the stock has a dividend yield of 2.28% based on last Thursday’s closing price. Rakuten forecasts a DPS of 4.1 sen and 4.7 sen for FY2021 and FY2022 respectively, for a dividend yield of 4.45% and 5.1%.
Samchem has been operating in Vietnam since 2006 via its 63.25%-owned subsidiary Sam Chem Sphere Joint Stock Company, and has been strengthening its foothold in the socialist republic. The other shareholders of Sam Chem Sphere are Singaporean businessman Dennis Ho (35.75%) and Vietnamese businesswoman Nguyen Thi Thu Thao (1%).
In 2018, the group announced to Bursa Malaysia that it was exploring the possibility of listing Sam Chem Sphere on the Ho Chi Minh Stock Exchange.
Samchem founder
this is a very good company, keep giving dividends, and expansion for business, for me I would keep for long time, one important factor is Vietnam company haven't go listing, if listed, I believe price will up more.
