QUESTION RAISED BY HONG KONG SHAREHOLDER AT THE AGM
Is there a dividend policy in place at the Company? Will the Company consider
raising the amount of dividends when the company&rsquo s future performance grows, as it has always reported declared the same amount of dividends?
Response to Question 1:
The Chairman expressed his gratitude to the shareholders of the Company for their long-term investment. The Chairman replied that the declaration of the Companys dividend is based on the financial performance, cash flow and business development needs. The declaration of dividends and the amount of dividends declared will be carefully discussed and reviewed by the board at all times. In order to increase shareholder returns, the board has distributed an additional interim dividend of S$0.01 in 2018. The companys three-year
profit gap in 2018, 2019 and 2020 are not very big and it maintains a continuous and stable growth rate of 6% to 11%. We will continue to work hard and expect the companys profits to rise continuously in the future. The board would also consider the suggestion from shareholders into account when determining
the declaration of dividends. As the companys earnings grow, it will further increase the amount of dividends by a certain percentage, giving investors with a level of stable expectations.
1. from the management response I can sense that the company's financial result is going to improve further.
2. the response also implies that there is a fair chance of an interim dividend.
Above are just my feelings n I could be wrong. Pls dyodd. I am vested so my views could be bias.