CEI CONTRACT MFG: Climbing to 5-year high (while stocks are crashing)!

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THERE'S BLOOD on the streets but you wouldn't know it from looking at CEI Contract Manufacturing's share price performance.

CEI is at a 5-year high! It's currently trading at 57 cents.

CEI chart2.16CEI (57 cents) at a 5-year high. Chart: Bloomberg.
The Group serves customers from a diverse range of market segments. These include analytical instruments, medical equipment, semi-conductor equipment, oil and gas industries, aviation and displays for industrial applications.

The reasons underlying the stock price gains became more evident this morning when the company announced its full-year FY15 results -- and a big hongbao dividend.

» Net profit jumped 110.5% to S$10.8 million.

» The second and final dividend is kept unchanged at 0.4 cents a share but the special dividend soared 161% from 1.84 cents to 4.8 cents.

That totals 5.2 cents, translating into a yield of 9.1% on the share price of 57 cents. Longer-term holders of the stock would have enjoyed another whopper dividend given out with the interim 1HFY2015 results of 4.8 cents a share.

Thus, the total for FY15 is a grand 10 cents a share (post-consolidation of shares). 

TanKahuat5.15Tan Ka Huat, MD. NextInsight photo.For more on the FY15 results, see the announcement on the SGX website.

Investors who caught on to CEI's story when it was highlighted last year in a NextInsight article have one of our readers, Wei, to thank for.

Aside from the hefty dividends, there is a capital gain of about 35% since it was published.

Read his article: "5 Reasons I Invest in CEI CONTRACT MANUFACTURING"

You may also be interested in:

images/stories/Technology/aircraft_engine.jpg JEP: Receives 20-cent cash offer, to stay listed
images/stories/Community/Analysts/williamtng4.14.jpg AEM: Acquisition of CEI will be EPS-accretive
images/stories/Yangzijiang/400launch.jpg YANGZIJIANG: Receives US$1.15 b order, 2nd Largest In Its Operating History
images/stories/Trendlines/Vincent_Tchenguiz.jpg TRENDLINES: Receives conditional commitments of up to US$22 m for fund
images/stories/Technology/TanKahuat5.15.jpg CEI: Near 100% dividend payout trend
images/stories/Trendlines/steverhodes_talk1.16.JPG TRENDLINES: 5 portfolio companies receive total ~€ 8 M Grants

Comments  

#2 Catguo 2016-03-17 05:18
I had no idea about this stock 4 days ago. I dig it out by entering 6-7 criterias such as p/e,margins into a stock screener. I brought 59000 shares straight away.i was still a bit scared as I can hardly find any news about CEI. Now I feel relieved after seeing some articles about CEI on this site.Thank you!
#1 Axel 2016-02-02 11:00
Good pick, and so far so good. The orderbook is a little lower now than end-2014 and the Q is can the dividends be sustained? Such a high yield of nearly 20% is definitely a yummy treat. Any visibility on this?

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