Sunevision
(8008) just announced a pretty well final result for FY2011/12 with a
final dividend of HK$0.0818/share (FY2010/2011: 0.0662/share). The
current dividend yield of sunevision is 5.1%.
Assuming there is a steady growth of the business of 8008 and they
maintains a same dividend payout ratio (100% on underlying profit
attributable to owners), the expected dividend yield on FY2012/13 is
6.3% at current market price (HK$1.6).
We maintains a strong buy recommendation on 8008, and our 12-month target of 8008 is HK$2.02
We currently hold 8008
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