Hai-O Enterprise Bhd’s growth in the next three years is expected to be underpinned by the expansion of its multi-level marketing division as well as the benefit from the disposal of its non-core operations said OSK Securities in a report.
The company’s commitment to pay 50% of profits as dividends is expected to translate into a yield of 9.9% for fiscal year ending April 30,2007,it added.
(The Star 19 March 2007)