Friday, April 22, 2011

JT International up on dividend expectations

KUALA LUMPUR: JT INTERNATIONAL BHD [] shares rose on Friday, April 22 after the company left the door open on higher dividend payouts at its AGM a day earlier.

At 11.15am, JT International rose 17 sen to RM7.17.

The company's chief financial officer Thean Nam Hooi was quoted in The Edge Financial Daily today as saying that company seldom hoarded its cash, and it would declare a higher dividend to return the extra capital to shareholders if the company did not need it.

'We are looking at various business opportunities, but consistent with our past track record that if we do not find viable business opportunities will consider (increased) dividend payouts.

'We can't disclose these (opportunities) because it is very competitive,' Thean said.





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