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I knew about that. But from my observation, the share price always increases by about 10-15% once dividend announced. You can check from the graph. But subsequently the price will go down again.
The land bank has to be replenished. Unfortunately most developers now are valued at discounted price.
Though I am holding Scientex, but this dividend won't be able to lift the stock too much. The company must perform better especially the packaging sector.
Land acquisition comes at a cost. The interest, the cost of holding the land will continue to increase unless the economy recovers
it's like a scripted drama. buy queue at RM0.54 (34,000 lots) and sell queue at RM0.55 (30,000 lots). Lastly, retail investors die. Manipulated by the rich