Amway (Malaysia) Holdings Berhad

$AMWAY / 6351 (AMWAY (MALAYSIA) HOLDINGS BERHAD)
Research by TA

$AMWAY / 6351 (AMWAY (MALAYSIA) HOLDINGS BERHAD)
Research by TA
Sell – TP RM7.30

" Headwinds Persist in 2HFY24”

Amway’s 1HFY24 core net profit increased by 27.8% YoY to RM55.3mn, accounting for 56% and 53% of ours and consensus’ full-year forecasts. We deem the results to be within expectations as we anticipate weaker results in the 2H of the year.

Analyst:
Liew Yi Jiet
yjliew@ta.com.my

Continuing the list here (part 3):

$PECCA / 5271 (PECCA GROUP BERHAD) (MC: RM917.4Mil) - Dividend payout policy of 40%
$CCK / 7035 (CCK CONSOLIDATED HOLDINGS BERHAD) (MC: RM984mil) - Dividend policy of paying up to 30% of PATMI
$AMWAY / 6351 (AMWAY (MALAYSIA) HOLDINGS BERHAD) (MC: RM1.15bil) - Dividend payout policy of not less than 80% of the annual net earnings
$DUFU / 7233 (DUFU TECHNOLOGY CORP. BERHAD) (MC: RM1.16bil) - Dividend payout approx. 50% of PAT
$VSTECS / 5162 (VSTECS BERHAD) (MC: RM1.2bil) – Dividend payout of minimum 30% of net profit

MC: Approximate Market Cap

**Note: the dividend payout is subjected to cash flow, valuation gain/loss of properties, etc. (for details please read their respective annual reports)

Top 10 Dividend Yield Companies without disposals/one off special dividends this Year!

Dividend yield is a crucial factor for many investors, providing a steady stream of passive income. Here, we present the 10 highest dividend yield stocks. To better reflect these companies' abilities to deliver consistent dividend payouts, we have manually* excluded one-off and special dividends, which could arise from asset disposals or corporate actions. Also, please remember that DY is a lagging indicator and thus may not represent a company’s future performance!

Do you invest with a focus on dividend yields? Which stocks would you choose for growing and sustainable dividends?

Let us know in the comment section below!

*We do not guarantee the information is absolutely accurate and errors may arise due to human mistakes

$MARCO / 3514 (MARCO HOLDINGS BERHAD) $UOADEV / 5200 (UOA DEVELOPMENT BHD) $APOLLO / 6432 (APOLLO FOOD HOLDINGS BERHAD) $RCECAP / 9296 (RCE CAPITAL BERHAD) $AMWAY / 6351 (AMWAY (MALAYSIA) HOLDINGS BERHAD)

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

$AMWAY / 6351 (AMWAY (MALAYSIA) HOLDINGS BERHAD)
Research by TA
Sell – TP RM7.70

“Weaker FY24 ahead"

YTD, Amway share price has surged by approximately 25%. We believe that much of the positive news has already been priced into the share price. Due to limited upside, we downgrad Amway to SELL from Hold with an unchanged TP of RM7.70/share, based on DDM valuation approach (k: 9.8%, g: 1.0%).

Analyst:
Liew Yi Jiet
yjliew@ta.com.my

AMWAY - Notice of Book Closure

Change in Boardroom - DATUK HARJEET SINGH A/L HARDEV SINGH

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

Change in Nomination Committee - DATUK HARJEET SINGH A/L HARDEV SINGH

Change in Audit Committee - DATUK HARJEET SINGH A/L HARDEV SINGH

Interim Dividend

OTHERSAMWAY (MALAYSIA) HOLDINGS BERHAD ("AMWAY" OR "THE COMPANY")
- FIRST SINGLE TIER INTERIM DIVIDEND

General Meetings: Outcome of Meeting

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

Stocks Surpassing 5.25% Dividends in 2023

In December 2023, PNB announced a total income distribution of 5.25 cents per unit, comprising an income distribution of 4.25 cents per unit and a bonus of 1.00 cents per unit. This distribution, amounting to RM9.3 billion, benefited 10.8 million ASB unit holders.

For investors seeking returns higher than 5.25% per year, exploring investment opportunities in the stock exchange may be an interesting choice. However, it is important to note the risks that one faces. Here are some Bursa Malaysia stocks that offered dividend returns higher than 5.25% in 2023.

To accurately determine the dividends for 2023, the total amount of dividends for the year will be calculated and compared with the stock prices in January 2023. The prices mentioned in this analysis have been adjusted to reflect the dividends distributed.

1. $BAUTO / 5248 (BERMAZ AUTO BERHAD)
• Distributing Mazda, Peugeot and Kia brand vehicles.
• Market cap: RM2.75B
• Dividend: 22 sen per unit
• Share price on 3 January 2023: RM1.86
• Share price on 29 December 2023: RM2.32
• Dividend rate for 2023 (for investors who bought at RM1.86): 11.83%
• Current price (as of April 22, 2024): RM2.35

2. $AMWAY / 6351 (AMWAY (MALAYSIA) HOLDINGS BERHAD)
• Sells personal health products, energy drinks, beauty products, personal care products, child care products, home use products and home hygiene care.
• Market Cap: RM1.2B
• Dividend: 38 cents per unit
• Share price on 3 January 2023: RM4.40
• Share price on 29 December 2023: RM5.54
• Dividend rate for 2023 (for investors who bought at RM4.40): 8.64%
• Current price (as of April 22, 2024): RM7.30

3. $APOLLO / 6432 (APOLLO FOOD HOLDINGS BERHAD)
• Produces well known snacks among Malaysian and also exported products to foreign countries.
• Dividend: 25 sen per unit
• Share price on 3 January 2023: RM3.37
• Share price on 29 December 2023: RM5.38
• Dividend rate for 2023 (for investors who bought at RM3.37): 7.42%
• Current price (as of April 22, 2024): RM6.60

Source: https://cutt.ly/zequB3Ef

Change in Boardroom - DATO' ABDULLAH THALITH BIN MD THANI

Change in Audit Committee - DATO' ABDULLAH THALITH BIN MD THANI

Change in Nomination Committee - DATO' ABDULLAH THALITH BIN MD THANI

Change in Nomination Committee - DATIN SERI AZREEN BINTI ABU NOH

Annual Report & CG Report - 2023

Circular to Shareholders in relation to the Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature

General Meetings: Notice of Meeting

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

@jiaming8yap Thanks for following up on the company.

I really like that they are the actual producer of the foodstuff that they are selling, as opposed to the likes of $AMWAY / 6351 (AMWAY (MALAYSIA) HOLDINGS BERHAD) Malaysia .

So far their performance has actually been quite good, in spite of the rest of the world slowing down they have continued to register improving sales and profits and maintained a very strong ROE of close to 25% on an annualized basis.

Their dividend payout is also not bad, at around 55% so far.

BUT, being such a global company operating in many emerging markets, I lose the visibility I would like to have in terms of their earnings and sustainability. Notwithstanding the fragile global supply chain too.

I want to like them as a business and investment, but maybe they are just out of my circle of competence.

Thanks for following up on them!

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)