There could be a good reward waiting -- the momentum carries the stock up further and Sing Holdings gives a bonus issue (perhaps during the interim results in July/Aug). The stock price should go above 60 cents for a good possibility of a bonus issue. Why a bonus issue can trigger a rerating baffles me but that has been the case in quite a no. of stocks. Let's see if the CEO will give a bonus issue, as he said he did consider it.
Lee Sze Hao: In addition to the special dividend (0.6 cent a share), we considered giving bonus shares. The SGX came up with a ruling that if your stock price is below 50 cents, you can't have a bonus issue.
