CIMB Research expects Selangor water assets issue to be resolved


KUALA LUMPUR: CIMB Equities Research advises investors to remain invested in Puncak Niaga, mainly due to the special dividends appeal, which translates to 38% in dividend yield (RM1 a share).

It said on Wednesday the dividend is likely to be paid out in 2H15, assuming that the deal involving the ownership of water assets is completed by 2Q15.

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