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I am more prefer to Suria after announcement of extension for another 30 years of concession. 12+30 years is for DP World to come in to collaborate in operation and will take up certain % of share in the company. Otherwise, why need to announce 12 years away, not like Bintulu port only announced months to expire. Share price not moving up may not reflect in short term extra earning, it must be long term earning to come as Suria. Further more, Suria may be go into shareholder restructuring with D
For DP World to has certain stake of Suria share holding( or private placement ), management will most likely to issue certain % of Suria's share to them at higher price. We are now might be at the corner for the share restructuring process.
According to previous years data, this year profit of Rm59.5 millions, based on 35%, dividend of 6 cents for this year less 1.5 cent received on Jan, 23, balance will be 4.5 cents. Hope it will come true.
You all can go to check Suria announcements at the end of April every years, and calculated the amount of dividend based on 35% of annual profit, it was quite accurately followed.
