Source: The Edge | Publish date: Thu, 31 Mar 08:25
KUALA LUMPUR: Masterskill Education Group Bhd shares rose on Thursday, March 31 after it recommended a final single tier dividend of 7.9 sen per 20 sen share for the financial year ended Dec 31, 2010.
At 9.25am, Masterskill was up six sen to RM1.91 with 1.61 million shares traded.
It said on Wednesday, March 30 the dividends would be payable on June 15. The group had on Oct 13, 2010, completed the distribution of an interim dividend of seven sen per share to the shareholders.
The total of 14.9 sen per share dividend for 2010 will represent a total payout of 60% of its net profit, equivalent to RM61 million.
OSK Research maintains Trading Buy on Masterskill, unch FV RM3.44
Price Target date: 31/03/2011 | Source: OSK
KUALA LUMPUR: OSK Research is maintaining a Trading Buy on Masterskill Education Group Bhd (MEGB) at an unchanged FV of RM3.44 at 12x FY11 PER.
It said on Thursday, March 31 the stock is currently trading at an alluring FY11 PER of 6.4x, the cheapest in its coverage, with dividend yield of'' more than 7% p.a.
'With the stock's valuation at its trough, we believe that any further downside risks are unlikely and hence we see this as an opportune time to accumulate. Its key re-rating catalysts are more affirmative indications in relation to PTPTN's loan allocation and the potential approval of courses at its new Kuching campus,' it said.
http://klse.i3investor.com/servlets/fdnews/195225.jsp
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