1. 1Q2012 net income increased by 17% to RM9.93m. Accordingly, EPS up by 17% to 3.54 sen per share.
2. The better result was attributed to higher average occupancy rate of Menara HLA as a result of new tenancies and renewal of existing tenancies.
3. At yesterday closing price of RM1.42 and FY11 total dividend of 10.85 sen, historical dividend yield is 7.6%.
4. Conclusion: not a very sexy stock, but worth to keep for long run to enjoy the dividend yield.
This blog is related to observations regarding stocks traded in Malaysia. Disclaimer: The company analysis that appear in this blog is merely facts gathered from different sources and the author's personal view. It is not a buy or sell recommendation. The author do not guarantee the accuracy of the facts being presented. Please consult your investment advisors before acting on any information provided by the analysis above.
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