Hafary

Divads: The PE doesn't look cheap, does it? At 12.5X FY13 and 10.6X next year.....

haha.. sometimes investors dun bother about the P/E, is the dividend policy and "potential" value of the company.

If u look at shares like Artivision, it is priced at 15 cents when it's NTA is only 1 cent and yearly revenue of less than $260k which is even less than a Newton Hawker Centre Char Keow Teoy stall I presume. The company has been losing millions of $$$ every year as well.

So sometimes investor will ignore P/E etc...

UOB Kayhian has a TP of 33 cents for it's generous dividend policy and strategic acquisition of land, the latest is the world furniture in sungei.

Look at Hafary's brother, OXLEY. It's price shoot up from 20+ cents to 35 cents post share split. I think OXLEY is quite aggressive venturing into Cambodia and others which will benefit Hafary too.

Dun forget Hafary is also supplying HDB tiles since 1st half of FY13

There is a writeup on Hafary..

www.scribd.com/doc/157964015/Hafary-Holdings-Ltd-docx

www.facebook.com/hafary

Look at their facebook, they are shifting.. and sound optimistic.. perhaps they are going to reward their loyal shareholders soon..

Looks good.. financial report out soon

results shd be out anytime these few days.. expect them to reward shareholders

22 August 2013:

Special Dividend
The Board of Directors is proposing a final dividend of 2.5 cents per ordinary share on the back of 429,000,000 issued ordinary shares to be paid to shareholders, a special dividend given in view of its one-time gain from the property disposal. For FY2012, the Group declared a final dividend of 1.5 cent per ordinary share on the back of 194,500,000 issued ordinary
shares. The series of dividends declared during FY2013 and proposed final dividend for FY2013 is largely attributable to this one-time gain on disposal of property.