i have long been intrigued with Bank Rakyat's ability to pay high dividends. when most banks face problems with bad debts and long-standing payments, Bank Rakyat managed until now not to be swept off with the same fate. maybe it's because its policy of giving out loans to people with good employment history only, or maybe its because of the publicity it has garnered as being so exclusive that the waiting line for its potential shareholders is so long that some people have to wait until more than 3 years to become one.
for me, it's just plain ridiculous.
i think it's puzzling that Bank Rakyat can pay up to 20% dividend (for the year 2007) when its more successful compatriots like Maybank ( the number 1 bank in Malaysia) and Public Bank ( the number 2 bank in Malaysia) pay less than that, some even less than half of what Bank Rakyat is paying to its shareholders. what's more puzzling is that, i can't find Bank Rakyat in the Bursa Malaysia (maybe i missed it). besides that, not only Bank Rakyat has not posted its annual report for the year ended 2008, it also has not posted any annual report for any quarter for year ended 2008. corporate social responsibility is not the only thing missing here.
is there any chance that the dividend paid is added up by capital appreciation? if so, then it's no mystery that Bank Rakyat is capable of paying high dividend. but still, the constant paying of high dividend from year to year by the bank is still a puzzle.
the reason why i'm writing about investments is because my aunt told me that her daughter-in-law has just withdrawn the dividends she received from Felda, and to make long story short, one thing led to another. by the way, can you believe how much Felda paid for last year? 16.5%! ka-ching! that's staggering, i know. but after several clicks several hours of researching, i found out that it was true! i'm totally perplexed!
amazing doesn't describe what i feel, but it makes you wonder how much profit it earned after it has been privatised.
4 comments:
The last time I hear FELDA is doing a lot better these few years. Their children are sent to quite a reputable private schools(the higher institution, of course) nowadays.
Too bad, we can't have a better view for their annual report in here.
P/s: i notice you are cultivating your passion in arts, eh ;)
that's Emma Hart la, the most notorious lady (ke?) in the 18th century. look her up in Wiki.
she's my new hero.
i'm always suspicious about felda. the fact that they don't let anyone near their annual report makes it harder still.
can you believe they paid billions in dividends?
wow, wow, wow, fucking wow.
my uncle works in FELDA. he got N95 and a motorola blackberry. when he eat out (almost ALL the time), he'll ask for receipt so that he can claim the money back. my uncle is always very generous with his money. and my sister asked him "Kalau kerja tukang sapu kat FELDA, dpt N95 x?" should i quit and go work with FELDA?
ummi, you just gave me an idea! maybe when i can summon up my nerves and brush off all my laziness, then i can apply for a job at FELDA. i know i can continue to be lazy once i started working because FELDA is so overflowed with people that if i played truant no one would notice.
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