德永佳(321) 公布截至今年9月底止中期業績，營業額41.72億元，按年升22.4%。純利1.38億元，按年跌1.1%；每股盈利10仙。派中期息8仙，上年同期派5仙。溢利微降卻增派60%股息 值得一讚 而往績仍顯示出集團向來善待小股東 派息慷慨。
當然管理層慷慨 亦要公司有能力才能維持高息政策 直至今年九月底 德永佳持有現金儲備23.2億元 (與公司市值相約)。而銀行負債僅0.12億元 資本負債比率0.2倍 財政情況良好 要維持高息政策 難度不大。
現價1.69元 巿盈率8.5倍 股息率8.87% 市值23.3億元。
Billy Sir,
回覆刪除My observations:~
At 30/9/2021, its bank borrowings was HK$1.28B !
+ its Trade Payables and Other Payables were increased to HK$1.95B(31/3/2021:HK$1.53B).
P.S.
刪除Its NAV at 30/9/2021 was roughly same as at 31/3/2021, i.e. @HK$3.9/share(but also not yet ex. div.)