"Hot" on Hotung (Part 2): Countdown to 12% Dividend Payout

Hotung supporters can collectively breathe a sigh of relief today. The company announced improved FY11 1Q results after market closed today. However, it was probably the other announcement that got shareholders "excited". After having been made to "wait long long", shareholders can finally countdown to the book closure date for the NT$0.47 dividend payout, which is on 10 May (XD on 6 May next week). As mentioned in our earlier post, this translates to a "mouth-watering" payout of almost 12% based on last traded price of $0.17.

Ms. Tsui-Hui Huang, MD Hotung

For the benefit of fellow kiasu investors who are not already familiar with this counter, we have extracted a few statistics from the Q1 results announcement today:


Last Traded Price: $0.17
NAV: $0.326
Cash per share: $0.08
Short-term Borrowings: Nil
Long-term Borrowings: Nil


We are certainly looking forward to more "hot" trading action in the days ahead!