- Bollinger Band Breakout with high volume
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8 Telecom is a small cap – and a S-chip! - that is enjoying the 3G boom in China, and has made a number of happy moves for minority shareholders this year.
It has surprised them with two dividend payouts – for half-year and Q3 this year – of 1.185 Singapore cents each time.
It didn’t have dividend payouts for those reporting periods last year.
The dividend yield has been fabulous this year. At 2.37 cents a share for the two dividends in aggregate, the yield was 23.7% for investors who bought the stock at 10 cents. It is now hovering at 15 cents.
That yield doesn't take into account that in May this year, prior to the release of its half-year results, the company had paid out the final dividend of 0.111 cent per share for the financial year ended 31 December 2008.
The Group’s revenue from continuing operations rose 25.8% to RMB92.7 million in 3Q2009 fromRMB73.7 million in 3Q2008, underlining the steady growth of its core businesses as China’s telecom operators continue to invest heavily in expanding their 3G network coverage across the country.
The Group’s net profit from continuing operations surged 279.9% y-o-y to RMB8.2 million in 3Q2009 compared to RMB2.1 million in 3Q2008.
It has surprised them with two dividend payouts – for half-year and Q3 this year – of 1.185 Singapore cents each time.
It didn’t have dividend payouts for those reporting periods last year.
The dividend yield has been fabulous this year. At 2.37 cents a share for the two dividends in aggregate, the yield was 23.7% for investors who bought the stock at 10 cents. It is now hovering at 15 cents.
That yield doesn't take into account that in May this year, prior to the release of its half-year results, the company had paid out the final dividend of 0.111 cent per share for the financial year ended 31 December 2008.
The Group’s revenue from continuing operations rose 25.8% to RMB92.7 million in 3Q2009 fromRMB73.7 million in 3Q2008, underlining the steady growth of its core businesses as China’s telecom operators continue to invest heavily in expanding their 3G network coverage across the country.
The Group’s net profit from continuing operations surged 279.9% y-o-y to RMB8.2 million in 3Q2009 compared to RMB2.1 million in 3Q2008.
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