CYCLE & Carriage Bintang Bhd's (CCB) loss of the wholesale distributorship of Mercedes Benz vehicles will encroach on the group's future earnings but this may not necessarily mean that its dividend payouts may be crimped as well. In the past few years, CCB has paid out 40-45 per cent of its earnings as dividends.
No doubt, the loss of the distribution monopoly of the Mercedes Benz franchise, which it has held since 1951, has created some form of uncertainty over the company.
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