Bursa Malaysia High Dividend Stocks

Recently I saw the list from the net, Ecmlibra listing some selective Bursa Malaysia high dividend stocks.

Dividend Yield, Beta, Market Capitalisation (RM mil), Closing Price 21 November 2011, PE Ratio, Total Return YTD (%)

AL-'AQAR KPJ 7.2 0.46 679 1.17 14.4 13

TOWER REIT 8.3 0.46 345 1.24 11.3 9

AMFIRST REIT 7.8 0.51 489 1.15 10.9 6

AMANAHRAYA REIT 8.2 0.51 504 0.88 11.8 0

AXIS REAL ESTATE 6.7 0.54 940 2.57 10.7 17

CAPITAMALLS MALAYSIA 8.3 0.54 2,411 1.36 16.8 32

MAXIS BHD 6.0 0.54 39,825 5.31 17.4 6

QUILL CAPITA TR 7.3 0.56 425 1.09 12.4 6

STARHILL REIT 7.4 0.56 1,146 0.87 n.a. 6

UOA REIT 7.1 0.58 584 1.38 0.3 -2

WHITE HORSE BHD 7.1 0.58 408 1.70 6.6 -14

HEKTAR REIT 7.9 0.62 419 1.31 10.4 5

Al-Hadharah Boustead REIT 6.9 0.62 928 1.48 8.8 10

BERJAYA SPORTS TOTO 5.1 0.70 5,566 4.13 14.7 -4

TELEKOM MALAYSIA 5.5 0.70 15,061 4.18 13.2 35

GUINNESS ANCHOR 5.1 0.75 3,202 10.62 16.2 10

SUNWAY REIT 6.3 0.75 2,985 1.12 5.4 16

MAYBANK 7.3 0.95 61,247 8.20 13.6 0

LAFARGE MALAYAN 5.2 0.96 5,676 6.60 18.6 -11


I would like to comment on this. It may be a mistake if we just look for Bursa Malaysia Highest Dividend Yield stocks. The dividend may be one-off special dividend, business may not be able to sustain and may not afford to pay same amount of dividend, etc.

But Ecmlibra add value to their listing. They listed out selected high dividend yield stocks:

1) with relatively stable businesses, and

2) market capitalization of more than RM300m for liquidity.

3) ranked them in ascending order of beta, where the lower the beta, the less correlated the stock’s share price is to the FBMKLCI i.e. the more defensive the stock in the event of further weakness in the overall market.