Media Chinese International Limited is the most insignificant
business of Sir Dato Tiong from the Rimbunan Hijau Group. Other than
Jtiasa, Subur and Rsawit.
Media Chinese crown jewel is "Nanyang Siang Pau"
MCIL is currently headed by Sir Dato Tiong's youngest daughter, Ms.Tiong Choon.
Nanyang Siang Pau is the Oldest Chinese daily in Peninsula Malaysia with over 100 years history.
Media Chinese own another 3 chinese daily in Malaysia and HK too.
With current NTA of RM 0.4935 and dividend of 4 sen giving a dividend yield of 10%. Its a great return right?
However, its proposed dividend of 15 sen had been scrapped from the cancellation of sales of all its 4 chinese media to a HK listed company.
Some see as a curse, but i see as an opportunity to buy into a success company as price is now reasonable.
Lets see what Ms. Tiong Choon can do as an executive director which would inject new blood into the company and whereby many party are interested to give a big price tag for a share in the oldest chinese newspaper in Peninsular Malaysia - Nanyang Siang Pau. This would allowed them to reach more to Chinese reader and it's high time that MCIL enter Internet of Things (iot) technology and business model as they have the network and hardware in place already. The last mile connection is what they need.
Thumbs Up! for Nanyang Siang Pau!
"Time a friend for the good, foe of the mediocre!"
Good Luck! Amigo!
Yours Sincerely,
Dr Lion.
Media Chinese crown jewel is "Nanyang Siang Pau"
MCIL is currently headed by Sir Dato Tiong's youngest daughter, Ms.Tiong Choon.
Nanyang Siang Pau is the Oldest Chinese daily in Peninsula Malaysia with over 100 years history.
Media Chinese own another 3 chinese daily in Malaysia and HK too.
With current NTA of RM 0.4935 and dividend of 4 sen giving a dividend yield of 10%. Its a great return right?
However, its proposed dividend of 15 sen had been scrapped from the cancellation of sales of all its 4 chinese media to a HK listed company.
Some see as a curse, but i see as an opportunity to buy into a success company as price is now reasonable.
Lets see what Ms. Tiong Choon can do as an executive director which would inject new blood into the company and whereby many party are interested to give a big price tag for a share in the oldest chinese newspaper in Peninsular Malaysia - Nanyang Siang Pau. This would allowed them to reach more to Chinese reader and it's high time that MCIL enter Internet of Things (iot) technology and business model as they have the network and hardware in place already. The last mile connection is what they need.
Thumbs Up! for Nanyang Siang Pau!
"Time a friend for the good, foe of the mediocre!"
Good Luck! Amigo!
Yours Sincerely,
Dr Lion.
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