"The stock market will likely remain bullish going into 2007, driven by more merger and acquisition (M&A) activities, the Ninth Malaysia Plan and higher crude palm oil (CPO) prices."
"Citigroup Investment Research managing director and head of regional strategy Markus Rosgen said the current M&A activities featuring privatisation of listed assets should free up billions of ringgit looking for new investments."
"Following the M&A and privatisation moves, Citigroup finds Sime Darby Bhd among the most inexpensive blue-chip stocks with attractive dividend yields, estimated at 6% in financial year (FY) 2007 and FY08."
"DiGi.Com Bhd also has high dividend yields, estimated at 7.9% for FY07 and 8.5% for FY08."
"SP Setia Bhd is also attractive with estimated 6% to 7% dividend yields in FY06 and FY07."
Source: The Star. (14 Dec. 2006).KL bourse likely to stay bullish
Public Islamic Dividend Fund(PIDF)was launched by Public Mutual in February 2006 to benefit from the Malaysian stockmarket’s current gross dividend yield of 4.2%, that is the highest gross dividend yield registered over the past 7 years. The local bourse’s dividend yield compares favourably to 12-month domestic fixed deposit rate of 3.7% and is higher than the dividend yield of most regional stock markets.
PIDF is a Syariah-based equity income fund which aims to provide income by investing in a portfolio of stocks that complies with Syariah requirements and which offer or have potential to offer attractive dividend yields.
With the equity exposures that generally range from 75% to 90% of its NAV, PIDF allows the investor the opportunity to participate in a diversified portfolio of Syariah approved blue chip stocks, growth stocks and fundamentally undervalued stocks that distribute or have the potential to distribute reasonably attractive dividends. The Fund may also invest in Islamic debt securities to generate additional return.
Currently, PIDF total return to date is 16.19%. Citigroup prediction of bullish market and estimation for the next year of more than 6% dividend by blue-chip stocks makes PIDF an attractive fund to buy.
"Citigroup Investment Research managing director and head of regional strategy Markus Rosgen said the current M&A activities featuring privatisation of listed assets should free up billions of ringgit looking for new investments."
"Following the M&A and privatisation moves, Citigroup finds Sime Darby Bhd among the most inexpensive blue-chip stocks with attractive dividend yields, estimated at 6% in financial year (FY) 2007 and FY08."
"DiGi.Com Bhd also has high dividend yields, estimated at 7.9% for FY07 and 8.5% for FY08."
"SP Setia Bhd is also attractive with estimated 6% to 7% dividend yields in FY06 and FY07."
Source: The Star. (14 Dec. 2006).KL bourse likely to stay bullish
Public Islamic Dividend Fund(PIDF)was launched by Public Mutual in February 2006 to benefit from the Malaysian stockmarket’s current gross dividend yield of 4.2%, that is the highest gross dividend yield registered over the past 7 years. The local bourse’s dividend yield compares favourably to 12-month domestic fixed deposit rate of 3.7% and is higher than the dividend yield of most regional stock markets.
PIDF is a Syariah-based equity income fund which aims to provide income by investing in a portfolio of stocks that complies with Syariah requirements and which offer or have potential to offer attractive dividend yields.
With the equity exposures that generally range from 75% to 90% of its NAV, PIDF allows the investor the opportunity to participate in a diversified portfolio of Syariah approved blue chip stocks, growth stocks and fundamentally undervalued stocks that distribute or have the potential to distribute reasonably attractive dividends. The Fund may also invest in Islamic debt securities to generate additional return.
Currently, PIDF total return to date is 16.19%. Citigroup prediction of bullish market and estimation for the next year of more than 6% dividend by blue-chip stocks makes PIDF an attractive fund to buy.
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