Interestingly in Swire Pacific - The aviation division made a profit of 10 Million
I think that's probably from the dividend pay out... a valid question to ask is, why are we still paying dividend when we are losing money? Management will probably tell you, "We need to pay dividend to keep our stock price from free falling"... but if you look at our latest stock price, it is at HKD14 per share... it has already free fall from our 52 week high of HKD22 per share. With our shareholders funds per share at HKD12.2 per share... CX stock price can't really go any lower before it became a bargain stock (ie: stock price lower than what the company is actually worth per share [in terms of net asset/share]). I will say at HKD14 per share, it is already a pretty good deal already... But I guess the dividend payout is to keep the big shareholders happy?
