The Ringgit, which has strengthened more than 6% year to date against US dollar, is poised to make further gain. The current strength has helped selected “ringgit-play” stocks to emerge.
However, “ringgit-play” stocks may only short term phenomenon. The stocks that gain the most with strong ringgit is the the companies that imports a lot of raw materials in foreign currency. The companies that depend on export may be turn out to be a loser.
The table below shows sectors and stocks that benefit from stronger ringgit.
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If you are investing in dividend stocks, you maybe interested to know the estimate dividend for FBM KLCI Components Stock for 2010.
According to Nomura International, income stocks in Asia are expected to sustain their dividend payouts this year.
The table below shows the dividend projection for FBM KLCI component stocks in 2010. The projection is almost the same level in the past 12 months.
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eDividend initiative was intoduced during 2010 Budget speech last year. Under the eDividend initiative, dividend payments from listed companies will be credited directly into shareholders bank account, instead of through cheques.
Paperless dividend payment system is convenient and faster for shareholders and helps avert potential problem of misplaced, lost or expired cheques.
In Bursa Malaysia, 500 listed companies are currently paying dividends to shareholders but only eight, including British American Tobacco, Nestle, Malayan Banking and Bursa Malaysia are offering eDividend.
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