CapitaMalls Asia: Interim dividend declared.

Today, during lunch hour, when I read that the management is declaring an interim dividend of 1.5c per share (XD on 31 August and payable on 16 September), I immediately put in a buy order. I feel that it is a generous payout for a growth company and testament to the fact that it is doing well.

2Q 2011 EPS: 4.2c
1H 2011 EPS: 5.5c
NTA per share: $1.52

See presentation slides here.

Its share price closed at $1.45 today. This is at support. We shall have to wait and see if it would go higher from here. I see gap resistance at $1.55 and if it were to be overcome, we could see $1.64 next. Will my purchase today be rewarding? I wonder.

CapitaMalls to ‘latch on’ to China to secure growth prospects
Thursday, 21 July 2011

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CapitaMalls Asia Q2 net profit doubles on revaluation gains
Thursday, 21 July 2011

© 2011 - The Edge Singapore