Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) declares 15 percent dividend to its members for financial year end 2010 amounting to RM294.9 million. This was announced during press conference to announce bank’s financial results.
For previous year dividend rate, kindly browse “Historical Bank Rakyat Dividend Rate” page.
During the same period Bank Rakyat registered a 10.8 per cent increase in pre-tax profit to RM1.72 billion from RM1.55 billion the previous year.
Asia Pacific Flight Training (APFT) Bhd, a flight training academy based in Sultan Ismail Petra Airport, Pengkalan Chepa, Kota Bahru, Kelantan, is schedule to be listed in Main Market on 18th March 2011.
APFT’s IPO consists of public issue of 22.0 million ordinary shares and offer for sale of 17.3 million shares at an IPO price of RM0.50 per share with RM0.20 par value.
The proceeds from the IPO exercise will be used to repay bank borrowings, as well as for working capital and the expansion of its training facility.
15 million shares will be allocated for the Malaysian public and 7 million shares for eligible employees and person who contributed to the group. Offer for sale shares are to be issued to identified investor.
ManagePay Systems Bhd, a technology solutions provider focusing on a variety of ICT and technology-related business, is schedule to be listed in ACE Market on 15th March 2011.
ManagePay Systems’s IPO consists of 45.8 million ordinary shares at an IPO price of RM0.16 per share with RM0.10 par value.
9.2 million shares will be allocated for the Malaysian public, 3.7 million shares for eligible employees and 32.9 million shares will be for private placement to identified investor. The IPO will raise in RM7.3 million in proceeds.
Bank Islam recently launched a new debit card called “Bank Islam Visa Debit Card-i”. It is a multi functional card that combines the features of ATM a Visa card.
One of the main benefit of this card is, on every retail purchases made using Visa Debit Card-i, card members will enjoy 0.5 percent cash rebate.
The new Visa Debit Card-i will also allow card members to conduct transactions such as bill payments, dining, charitable contributions, online shopping, petrol purchases, Pilgrimage Fund Board’s (Tabung Haji) transactions or ticket bookings.
2010 proved to be a decent year for OSK’s Small Cap Jewels although their performance was eclipsed by the liquidity-infused rally, which benefited the bigger caps, particularly from 2H2010.
Of the 50 stocks profiled in handbook, half posted absolute returns in excess of 20%, with 49% outperforming the FBM Small Cap and FBM KLCI indices.
While the smaller caps are expected to bask in the glory their larger cap peers in 2011, investors should not ignore names with good longer term potential that are trading at attractive valuations.
OSK like small caps in the construction, property, oil & gas and consumer sectors as beneficiaries of the ETP, elections and earnings themes.
The table below are the 2010 performance of OSK Top 50 Small Jewels and performance since OSK’s Small Cap Jewels report released in April 2010.