As the economy is expected to show unimpressive growth for the remainder of the year, cautious companies are cutting down on door-gifts.
Here,KAF sticks out like a sore thumb. They whittled down qualified door-gift shareholders to those with a minimum of 1000 shares. This is a bad call as the trade-able lot on Bursa KL is only 100 units. I think the BOD is being ' nasty'. Compared to KAF, Gentings which allowed door-gifts at 100 share-holdings seems to be adorable angels!
Then here we have the fabled Analabs. After giving goodies in the form of kilos of prawns to shareholders over the last few years, this waste-water treatment company gave nada this year! The share-holders who came all the way to Shah Alam must have been downright flabbergasted at this. Analabs- surely another company which will go down the annals as a miserable penny pinching company!
Well, we do hope other companies will not cut down on their door-gifts.
If you have to, then pretty please-increase your dividend payout!
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