Chailease-KY (5871) announced today (30th) afternoon that the board of directors has decided to distribute dividends on ordinary shares. It is proposed to distribute a cash dividend of 6 yuan per share, and the earnings will be converted into capital to increase the share dividend of 0.5 yuan per share. The total dividend is 6.5 yuan, a record high. It is a new record in history, but if the stock dividend is not included, it is only calculated based on the dividend of 6 yuan and today’s closing price of 254 yuan, and the dividend yield is only 2.36%.
In addition, today’s board of directors has also decided on the distribution of special stock dividends, and the cash dividends distributed by surplus are 3.8 yuan per share.
In 2021, Chailease Holdings has earned more than one share capital for the fourth consecutive year, with a consolidated net profit after tax of 21.643 billion yuan and an EPS of 14.8 yuan since the end of last year, continuing to hit a new record high. If calculated with a dividend of 6.5 yuan, the distribution rate is nearly 44%.
Judging from the distribution of dividends by Chailease in recent years, last year, it distributed 5 yuan in cash and 0.5 yuan in stock dividends, with a distribution rate of about 45%. Since 2013, the dividend per share has been allocated more than 3 yuan, and it has exceeded 4 yuan since 2018, and then it has increased year by year.
Chailease-KY previously stated that the target accounts receivable in Taiwan will maintain a growth rate of 15% this year. Due to the stable asset quality in mainland China, the target growth rate is still 15%. The bad debt withdrawal rate is expected to remain the same as last year. As the epidemic has stabilized, the business and organization of ASEAN has become more stable, with a target growth rate of 15-20%, and it is expected to have the opportunity to surpass mainland China.
The investment advisory firm is optimistic that the operation of Chailease-KY will resume the previous year. Although it faces an environment of interest rate hikes, it is expected that the business and profit structure will continue to improve, indicating a high degree of risk resistance. It is expected that both revenue and profit are expected to grow by about 16%. Earnings per share are estimated at more than 17 yuan. In view of the fact that the stock price has reached the upper edge of the evaluation at this stage, the rating of “range operation” is given, and the range price is 223-292 yuan. (Review: Lu Junyi)
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Yahoo Finance correspondent Ye Yiru: 22 years of experience in mainstream financial media, from the bubble of Web 1.0 in 2000 to Web 3.0 of Meta, witnessing the rise and fall of large and small enterprise groups in Taiwan, and going through 5 international financial crises. I think that finance is life, and it is everywhere. No matter how difficult it is, financial knowledge should be said plainly. Whether you are old or young, you should manage your money. If you don’t manage your money, your money will ignore you.
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