High Dividend Stock

Uchitec, High Dividend Yield Stock & Fair Value/Target Price (Update)


Uchi Technologies Berhad (Uchitec-7100) was incorporated on 18th February 1998. It was converted to a public limited company and transferred to the Main Board of the Bursa Malaysia on 9th May, 2002.

The main activities of Uchi Technologies are principally involved in manufacturing of mixed signal microprocessor-based application and system integration products, and trading of complete electronic module and saturated paper for printed circuit board (PCB) lamination.

Among the largest shareholders are Tabung Haji, EPF, PNB, KWAP and a few unit trust funds.

Uchitec is known to have solid management, and they are paying a very attractive dividend to shareholders. For the past 7 years except for 2009, the dividend yield for Uchitec stays above 6% which is about 2 times of the current fixed deposit rate. For the year 2011, the dividend yield was 11%.

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Prestariang, Potential >10% Dividend Yield for the Next 2 Years

Prestariang Berhad

Prestariang Berhad (PRESBHD, 5204) was incorporated in 2003 as an Information and Communication Technology Services company, focussing on professional training and certification.

Currently, it offers 40 certification courses from various technology and software vendors and organizations, including Microsoft, IBM, Oracle, CompTIA, Autodesk, EC-Council, Adobe and others.

Prestariang was listed on Bursa Malaysia’s Main Market on 27th July 2011 win an IPO price of 90 sen. Unfortunately, due to listing timing, the share price performed badly since the listing day. The price drop to lowest of 47.5 sen on 19th September. It was close at 55.5 sen on 5th October.

The management has set a dividend policy of up to 50% for the next 3 years. Based on forecast earnings by OSK Research, it translates into a lucrative dividend yield of >10% for both FY11 and FY12 given the recent weakness in the share price. OSK Research also estimates, the target price or fair value of Prestariang at 92 sen representing 66.8% up site potential from 5th October closing price.

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Deleum, Dividend Yield & Fair Value/Target Price

Deleum Berhad

Deleum Berhad (5132), is a provider of a diverse range of supporting specialized products and services for the oil and gas industry, particularly the exploration and production of oil and gas. Deleum participation in oil and gas industry was dated since 1982.

Three largest shareholders of Deleum are Lantas Mutiara Sdn Bhd, Hartapac Sdn Bhd and Datuk Vivekananthan with total holdings of more than 40 percent.

Deleum is known pay attractive dividend to the shareholders. For the past 3 years the dividend yield stays above 6% which is about 2 times of the current fixed deposit rate.

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Comparison Between Real Estate Investment Trust (REIT), 2011


Real Estate Investment Trust (REIT) becoming popular in Malaysia due to high dividend yield paid by the management company. Currently, there are 14 REITs approved by Security Commission (SC) and listed in Bursa Malaysia.

The main advantage of (REIT) when compare with actual property investment is the investors earn better liquidity and cash flow.

How do they performed? The table below shows the comparison between the 14 REIT available in Malaysia in terms of Market Capitalization, Earnings per Share (EPS) and Dividend Yield for the past 1 year.

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Masterskill, Fair Value/Target Price Compilation & Dividend Yield


Masterskill Education Group Berhad (MEGB, 5166) was incorporated in1997. It was listed in Bursa Malaysia Main Market on 18th May 2010 at an IPO price of RM3.80. The shares price drop to below RM1.70 in March 2011 due to heavy share disposal by their foreign investor.

Regardless, on why foreign investors decided to dispose their shares, MEGB has a recession proof business with a good growth prospect.

They are going to pay good dividend yield too. In the IPO prospectus, MEGB specify that they intend to pay in between 50% to 60% from net profit as dividend. For financial year end 31st December 2010, they keep their promise and pay 60% of net profit as dividend. This translate to 14.9 sen & dividend yield of 7.2 %. This clearly more than double of current fixed deposit rate. Share price recover improve after 2010 final dividend announcement.

There are a few research house make buy recommendation for MEGB. The table below are the latest fair value or target price.

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