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Party needs time to warm up before another surge towards 0.40sen n above. Based on improving financial situation in most markets, selling off balance of completed units of residential n commercial buildings will enhance performance results of coming quarterly announcement which may include issuance of dividend
Share = 2400M.
6 cent div paid 24 Jul24, 2400M x 0.06 = 144M div paid.
5 cent div paid 14 Jan25, 2400M x 0.05 = 120M div paid.
If not wrong,
target 500M div payout committed,
500M - (144M + 120M div already paid) = 236M bal div.
236M/2400M = 0.09833.
9.833 cent div payout commited, a bit better than FD.
Something being manipulated again like Chinese saying goes ‘change soup and not change herbs’ ! EWI has come back to its correct price after the issuance of massive dividend. Hopefully EWI Capital can secure some housing projects in Penang due to closer relationship with Govt. If it happened could consider switching back to EWI cap.
