Over the past one year, our FBM-KLCI has gained 45% from 876.75 as at 31/12/2008 to 1271.12 as at 30/12/2009. From the table below, we can see that the top 5 "dogs" (Digi.com, Maybank, Public Bank, YTLPower & KLKepong) gained 45% but the 2nd batch of "dogs" (Sime Darby, Berjaya Sport Toto, BAT, Tanjong & Petronas Dagang) managed to etch out a gain of only 31%. On average the Top 30 stocks gained only 40%. If the dividend received is included, their average gain is 46%- just 1% point more than FBM-KLCI.
The top 5 performers amongst the Top 30 stocks are MMC, CIMB, AMMB, Genting & KLK. The poorest performers are MAS, BAT, MISC, Petronas Gas & YTL Corp. The stock with the highest dividend yield is Berjaya Sport Toto at 16.8%.
Table: Dogs of Bursa for 2009
Based on this poor result, I think there is no need to compile a list of "Dogs of Bursa Malaysia" for 2010.
2 comments:
Hi Alex, just for common understanding, if the KLCI is 1000, after one year 1200.
That means if i hold all the KLCI stocks weighted % (some more some less due to weightage) in my portfolio, I made 20% gain INCLUDING dividend, right?
There was once a financial analyst said excluding dividend. But after explaining to him with a workout, he agreed that it is including dividend.
That is why we didn't see any big changes in KLCI when there is a big dividend because KLCI always adjusted for dividend.
Hi Polite Market
If FBM follows S&P500, then it would adjust for the following:
* Stock split
* Share issuance#
* Share repurchase#
* Special cash dividends
* Company change
* Rights offering
* Spin-offs
[# Change greater or equal to 5%]
So, our index is not adjusted for Normal dividends. It is only adjusted for Special cash dividends.
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