4QFY2019 results

The group is also proposing a final dividend of 10.0 cents per share. This means that shareholders will pocket a total dividend of 15.0 cents per share for FY2019, unchanged from FY2018.

Wilmar’s earnings had outperformed analysts’ forecasts, coming in at 8% and 3% higher than the estimates of CGS-CIMB and RHB respectively

This translates to a loss per share of 1.34 cents, compared to earnings per share of 5.42 cents a year ago.

“The lack of clarity and information is the main problem for investors. You don’t really know what’s happening,” says KGI analyst Amirah Yusoff.

Including the interim dividend of 3 cents per share paid in August 2019, the total dividend paid and proposed for FY2019 comes in at 12.5 cents per share, representing the highest cash dividend declared by the group since listing.

SembMarine is expecting the trend of losses to continue into 2020 amid supply chain disruptions due to the Covid-19 virus outbreak which could affect execution of its projects, as well as intense competition across all business.

"We remain cautious on Hi-P as for certain products, Hi-P is exposed to long supply chains that may currently be facing production bottlenecks as a result of Covid-19,” says lead analyst Lai Gene Lih.