The attached CIMB report, based on InnoTek\'s presentation on Tuesday Apr 6, has answers to some of the questions that forumers have raised in this thread, such as how is InnoTek affected by the labor shortage in China, how sustainable is its 5-c dividend payout, how will it grow its business....fyi.
Bought back 1 m shares yesterday which was Wednesday at around 60 cents. InnoTek looks committed to buying back its shares. Now already 18.1 m bought back which is 7.77% of the entire share capital. Everyone would certainly be looking out for its 1Q result. Is it going to be as strong as the MD is suggesting it is?
early may 5 cents dividend for a $0.595 per share stock!!!! Owner wouldn\'t be so stupid to buy back so much if the first quarter result is not good. He is going to buy back up to the max of 10% of mkt cap. (by ruling) This company has been able to declare 2 yrs of 5 cents dividend despite the bad time so why worry? Beside this year economy is looking at an expansion of 7% - 9% with strong growth in the electronic sector in the first quarter Lastly at the CIMB share investor talk, owner is confident to keep paying the same rate of dividend each year. To wrap up, i m not going to miss this gem...... ;p Another trasure...