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Hi guys

Tomorrow NAIM will be holding its EGM in proposal to sell two pieces of Industrial lands

Read this

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3089313

 

This will unlock Rm340 MILLIONS CASH

Of the Rm340 Millions (equal to 68 sen a share) Naim will give out a nice 18 sen (Rm180) per share

At 83 sen today that means 21.6% per share or if you take Bank FD rate at 1.75% it means more than 12 years of FD rate paid in One year. 

Of course people said after dividend ex Naim share price will readjust to 83 - 18 = 65 sen per share

But there is a Big Game Changer Now

Because Naim still got 50 sen left for development

The lands Naim sold to Sarawak Economic Development Board will go to developing downstream methanol in Bintulu

With over Rm2.5 Billions Cash just received from Petronas Bintulu Sarawak Govt will now go into Massive Development

Great for Naim as it still has lots of Real Estate Lands here

Naim planned to build 2,500 affordable single storey houses selling from Rm300,000 each

See this example below

Naim Melrose Terraces
Naim Melrose Terraces (Sells like hot cakes)

 

I spoke to Mr Lee Meng Sing of Sitiawan. A housing developer friend. He estimated that cost of constructing a single storey house to be Rm70,000 to Rm80,000 (Inclusive of other charges like drainage & landscape the total cost should be Rm100,000)

Since Naim already owned the lands with low holding cost of only Rm4 psf) See this https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2019-02-08-story192653-NAIM_is_Firing_Up_on_All_Four_Engines_just_like_the_747_Jumbo_Plane_Calvin_Tan_Research.jsp

 

The projected profit will be Rm200,000 per unit

Multiply that with 2,500 = Rm500 Millions

That means Naim will  get Rm1.00 Pure Cash Profit in 5 years (not counting further land sales, shares of Dayang & Perdana plus its construction arm)

So there will be another 20 sen extra for the next 5 years for dividend payment

So in times where USA and others are reducing Interest to zero or near zero....Naim being a good dividend payer will surely attract Dividend Funds

And no wonder

Among Top 30 Holders of Naim are both Foreign & Local Funds

Please refer to Naim Annual Report

Top 30 Holders

Pacific Pearl Fund

CITIGROUP NOMINEES UBS AG

HONG LEONG REGULAR INCOME FUND

PLASMA CAPITAL

HONG LEONG STRATEGIC FUND

GREAT EASTERN LIFE ASSURANCE

AND ONE INTERESTING NAME

12. LEE SEE JIN........... 2,417,100 

At Top 12 is LEE SEE JIN (Gold) with 2.4 Million Naim shares

They have witnessed Naim's excellent dividend records of the past. Now Naim should revive its dividend payout again

See

From STOCK PERFORMANCE GUIDE By Dynaquest (End 2014 edition)

 

CRITICAL STOCK MARKET INFORMATION

Year     Price range.  DPS.......    EPS

2004...2.98...4.50......6.8 sen......27.8 sen

2005...2.58...3.50......10.1 sen....31.7 sen

2006...2.89...3.66......14.4 sen....26.5 sen

2007...3.10...6.40......11 sen.......33.1 sen

2008...1.42...4.72......11.8 sen....26.7 sen

2009...1.08...3.25 ..... 8 sen........34 sen

2010...2.64...3.83......10 sen.......38.8 sen

2011...1.54....3.90.....10 sen.......18.7 sen

2012...1.64....2.39.....6 sen..........35.8 sen

2013...1.77....4.66....5 sen...........14.8 sen

2014...3.13....4.42....8 (e)............35 (e)

 

For years 2016 to 2019 Naim did not give out dividend & share price languished. 

Now this 18 sen dividend at 83 sen will be the very best for a long long time

As of now only in i3 forum people are aware

Not for long. Tomorrow Naim after Egm will announce officially the Actual Dividend Payout

Once News Out Dividend Paying Income Funds might be drawn back to Naim again 

Note:

Calvin promoted Prolexus at only 57.5 sen with a target price of only Rm1.00

See

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-05-06-story-h1506912284-PROLEXUS_8966_ProXmask_The_ProActive_High_Quality_FACE_MASK_product_of_.jsp

On friday Prolexus went Limit Up. Today it crossed Rm1.40 & settled at Rm1.29 (Don't chase Prolexus now as Bosses are sellling!!)

 

WILL NAIM CROSS RM1.00 & ALSO REACH RM1.40 LIKE PROLEXUS ONE DAY?

Yet to be seen

 

Best Regards

Calvin Tan Research

Singapore

 

Disclaimer

All information provided here should be treated for informational purposes only. It is solely reflecting author's personal views and the author should not be held liable for any actions taken in reliance on information contained herein.


 https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-10-05-story-h1514475327-NAIM_5073_A_LOOK_AT_NAIM_AS_A_ROCK_SOLID_DIVIDEND_STOCK_RETURNING_BACK_.jsp

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