Chairman did say, expect that dividends to be paid with 1Q results going forward. Let's see if that will indeed be so.
btw, Dr Liu's total remuneration last year was S$200K, a modest figure when Dutech's net profit was RMB145 m (equiv to S$30 m). It's very commendable. (You can check what other overpaid CEOs at other companies pay themselves. It's a shame!)
Yes! There will be a 1.5 cent dividend, up from 1.0 cent in 1Q2014. Dutech has this rather new habit of paying 1Q dividend, instead of a final dividend with its full-year results.
I like the evolution of Dutech into a broad-based business with new growth drivers from the gaming machines & intelligent terminals adding to the strong core businesses of ATM safes and gun safes, etc.
On top of that, its acquisition of Format -- a German company -- and more recently Deutchse Mechatronics -- another German company -- will deepen its value proposition.
Dutech is undervalued at 29.5 cents because it's a not-so-well-understood business.
FManager, do you notice that the volume has been strong? Dutech used to be hardly traded. I believe the shares are being accumulated by various value funds/investors. A breakout above 33 cents is about to happen, imho.
New market! And the name of the subsi suggests that this is riding on the strengths of the German company, Deutsche Mechatronics, that Dutech acquired last year.
The Board of Directors of Dutech Holdings Limited (the “Company”) wishes to announce
that the Company has established a subsidiary in Philippines under the name “Matrix
Mechatronix Technology (Philippines) Corp.” (the “Subsidiary”).
The principal activities of the Subsidiary will be those of development, manufacturing,
assembling, sales and undertaking after-sale service for banking safes, other banking
products, and self service, ticketing and automation machines. The total issued capital of
the Subsidiary is Philippine Peso 11,250,000.00 (equivalent to approximately
USD250,000.00).
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