stronger and Positive outlook for Avi-Tech, according to CIMB report today. target 29 cents.
FY10 net profit S$4.0m was slightly below expectations on lower than-
expected sales and weaker-than-expected gross margins.
However, a higher-than-expected dividend of 1.25cts (including special
dividend of 1sct) was declared to reward shareholders. Together with
the interim dividend of 0.25cts, this translates into a 7.9% dividend yield
Accumulation seems to have stopped, although Avi-Tech is still a value stock as it has lots of cash in the bank and it is a beneficiary of the semiconductor boom.
Final dividend is 1.25 cents a share. Waiting for AGM to come....