HockLianSend released its full 2010 financial result on 22nd Feb, revenue and profit looks within expectation and I am not going to spend any time to discuss abt these two factors here.
I summarized some important points to support my continuation holding onto this counter as below:
(1) 1.625 cents per share dividend payout - base on my entry point 31.55 cents abt 5.15% yield.
(2) Cash or cash equivalents abt 32.45 cents per share as per 2010 book closure data - entry point 31.55 cents was backed by 32.45 cents cash per share.
(3) NAV increased from 14.6 cents (2009 end) to 17.5 cents (2010 end) - abt 20% increase.
Base on above 3 factors I am willing to hold this counter due to its good dividend payout as well as strong cash & book value per share backing.
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