Scientex

GDP + PRC = W

Growth: 9.84% 30

Dividend: 23cents per share [as per 2020 (2.3%)] 5
Expected Dividend: 23cents per share [as per 2021 (1.91%)] 5
The Group declared a single tier interim dividend of 10 sen
per ordinary share on 23 June 2020 paid on 24 July 2020.
The Board would like to further reward its shareholders with
a proposed single tier final dividend of 13 sen per ordinary
share to be approved at the coming Annual General Meeting

In total, this would see a sum of RM118.8 million being
paid out as dividends for the financial year just ended,
representing approximately 30.4% of the Company’s net
profit, which reiterates our commitment to distribute at
least 30% of annual net profit as dividends each year.

P/E : Share px as at oct 2020: 10 , Earning per share for 2019: 75.66 cents (20 marks)
10/0.7566=13.217

P/E : Share px as at 21th Mar 21: 4 , Earning per share: 75.66 for 2020 (20 marks)
4/0.7566/3 (1 Existing share splits to 2= 3)= 15.86

Profit Margin 10

P: 11.08% as at 2020
10.25% as at 2019
10.91% as at 2018
10.61% as at 2017
10.90% as at 2016

ROE/: Share capital = 691 mil (0.691 bil)
net profit after tax= 390.114 mil

390.114/691 =56.45% 40
C (Net cash generated from operating activities) : profit and positive cash flow 40

Part 1: 55marks
Part 2: 90marks

NTA: 4.97 (before discounting bonus split) /3 =1.66

In recognition of our shareholders loyalty and continuous
support, the Company had also proposed a bonus issue on
the basis of two bonus shares for every existing Scientex
share held and free warrants on the basis of one warrant
for every five existing Scientex shares held, subject to
shareholders' approval at the forthcoming Extraordinary
General Meeting.

As noted in last year’s annual report, Scientex completed the
RM125.0 million acquisition of Mega Printing & Packaging
Sdn Bhd (“Mega”) in August 2019, which saw Mega becoming
a fully owned subsidiary of Daibochi Berhad (“Daibochi”), a
company we had acquired six months earlier.