Monday, May 07, 2018 09:27 WIB

Premier Insight : MYOH, Shareholders of Samindo Resources on the AGM held Friday agreed to distribute cash dividend of US$18mn, or approximately 147% of 2017 net profit of US$12.3mn.

Shareholders of Samindo Resources (MYOH IJ; Rp890; Not Rated) on the AGM held Friday agreed to distribute cash dividend of US$18mn, or approximately 147% of 2017 net profit of US$12.3mn. This is higher than dividend pay out ratio of 80% last year. (Bisnis Indonesia).

 

Comment: We believe the sentiment will be positive as MYOH to distribute dividend of around Rp108 per share, translating to a dividend yield of ~12.1%.