High Dividend Counter

Some of the KLSE high dividend counter on my list as below

• Lii Hen Industry
• Jaycorp
• Furniweb
• Alcom
• Yong Onn Corp

One thing to look out is the consistently of dividend payout by those companies if their revenue and profit is shrinking as well as their cashflow. High net cash company with minimum borrowing is able to consistently paying out dividend to the shareholder. Aim those with > 6% dividend and look for consistentency.

Dollar cost averaging method would be working well when the share of those high DY counter drop and make the DY even more attractive.

SHH Resources

Bought in SHH Resources @ 0.24 back in August. On 3rd Dec, the company announcement a 2% dividend ex 23rd Dec. DY > 8 % based on 24cents purchase price. It is a value buy since the company NTA at RM1.40 as of 30.09.2010. Borrowing at 14.3million with cash standing at 16.2 million. A definitely deeply undervalue counter.

Setback is low liquidity and stagnant earning growth.