Stock Picks – High Potential Companies Declaring Bonus Issues



bonus

Given the success of recent bonus issues in fuelling a rally in share prices and the potential abolishment of ‘par value’ in the Malaysian capital market, we take a look at who else might be declaring bonus issues soon.

Based purely on the share premium to share capital ratio, where the higher the ratio the easier it is to issue bonus shares.

The table below are the list of higher potential bonus issuers among the top 75 companies by market capitalization.

Name Market Cap Rank Market Cap (RM million) Share Cap (RM million) Share Premium (RM million) Ratio – Share Premium / Share Cap
DIGI.COM BHD 15 19,406.40 77.75 691.91 8.899
MMC CORP BHD 27 9,256.98 304.51 2,039.77 6.699
IOI CORP BHD 10 36,673.21 667.55 3,542.92 5.307
AIRASIA BHD 36 6,028.56 275.77 1,206.22 4.374
PARKSON HOLDINGS 35 6,408.56 1,036.41 3,593.55 3.467
GENTING BHD 9 38,124.32 370.5 1,115.00 3.009
YTL POWER INTL 18 16,824.92 1,071.79 2,942.67 2.746
BOUSTEAD HLDGS 43 4,907.65 455.7 1,163.60 2.553
MALAYSIAN AIRLIN 31 7,720.38 1,671.08 4,007.68 2.398
SAPURACREST PETR 55 3,038.60 255.34 505.34 1.979
GENTING MALAYSIA 12 20,981.61 590.5 1,106.00 1.873
KULIM MALAYSIA 56 3,011.43 159.34 272.18 1.708
TOP GLOVE CORP * 50 3,350.59 151.88 243.68 1.604
CIMB GROUP HOLDI * 2 59,898.60 3,531.77 5,586.75 1.582
EON CAPITAL BHD 45 4,852.46 693.21 1,066.30 1.538
BERJAYA SPORTS 38 5,620.28 135.1 207.43 1.535
YTL CORP BHD 21 14,443.53 950.11 1,292.35 1.36
IJM CORP BHD 32 7,106.15 1,327.22 1,776.55 1.339
LAFARGE MALAYAN 33 6,814.56 849.7 1,067.20 1.256
TENAGA NASIONAL ** 8 38,590.14 4,337.00 5,271.50 1.215
RHB CAPITAL BHD 19 16,151.06 2,153.48 2,352.09 1.092
MISC BHD 6 39,192.10 4,463.79 4,459.47 0.999
UMW HLDG BHD 30 7,764.46 559.66 542.05 0.969
FRASER & NEAVE 40 5,159.78 356.49 339.99 0.954
WCT BHD 68 2,494.18 388.86 369.26 0.95
AFFIN HLDGS 44 4,857.37 1,494.37 1,399.98 0.937
KENCANA PETROL 61 2,802.40 90.3 79.68 0.882
UNITED PLANTATN 52 3,267.71 208.13 181.92 0.874
AMMB HLDG BHD 17 17,813.83 3,014.19 2,537.37 0.842
MALAYAN BANKING 1 63,489.51 7,077.98 5,903.50 0.834
MALAYSIA AIRPORT 34 6,435.00 1,100.00 822.74 0.748
MULTI-PURPOSE 69 2,381.82 1,077.75 681.39 0.632
KLCC PROPERTY 54 3,073.10 934.07 562.32 0.602
PETRONAS GAS BHD 11 21,726.47 1,978.73 1,186.47 0.6
IGB CORP BHD 60 2,816.66 745.15 427.22 0.573
LPI CAPITAL BHD * 64 2,638.18 183.72 104.64 0.57
PUBLIC BANK BHD 4 44,360.99 3,531.93 1,439.89 0.408
PLUS EXPRESSWAYS 13 20,900.00 1,250.00 451.14 0.361
HONG LEONG BANK 20 14,710.80 1,580.11 539.66 0.342
KNM GROUP BHD 74 2,042.23 1,001.09 319.43 0.319
BURSA MALAYSIA 46 4,463.75 264.33 78.81 0.298
SP SETIA BHD 41 5,043.36 762.6 218.02 0.286
TELEKOM MALAYSIA 23 12,485.13 3,543.30 1,011.80 0.286
MEDIA PRIMA BHD 73 2,158.86 945.35 244.8 0.259
AXIATA GROUP BER 7 38,594.36 8,445.15 1,972.96 0.234
BINTULU PORT HLD 65 2,636.00 400 92.95 0.232
ALLIANCE FIN 42 5,031.34 1,548.11 304.29 0.197
MALAYSIAN BULK 58 2,970.00 250 48.79 0.195
TITAN CHEMICALS 48 3,978.63 1,752.70 324.67 0.185
NESTLE (MALAY) 25 10,191.37 234.5 33 0.141
UEM LAND HLDG 28 8,887.13 1,215.64 153.37 0.126
HONG LEONG FINANCE 26 9,580.19 1,052.77 117.23 0.111
GENTING PLANTATI 37 6,017.66 378.97 42.09 0.111
KFC HLDGS * 72 2,224.64 198.28 18.74 0.094
MALAYSIAN RES CO 59 2,893.41 907.63 79.91 0.088
IJM LAND BHD 57 2,980.39 1,103.27 57.97 0.053
SIME DARBY 3 51,561.20 3,004.70 100.6 0.033
GAMUDA BHD 29 7,805.60 2,009.26 31.99 0.016
DRB]HICOM BHD 70 2,358.55 1,719.60 20.7 0.012
DIALOG GROUP BHD 71 2,356.83 198.05 2.05 0.01
MAXIS BHD 5 39,975.00 7,500.00 61 0.008
PPB GROUP BERHAD 14 20,722.54 1,185.50 6.72 0.006
ORIENTAL HOLDING * 51 3,294.29 517 1.1 0.002

Note
* – Company has carried out a bonus issue within the last 6 months.
** – Company is in the midst of carrying out a bonus issue.

Source : OSK Research


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