Higher dividend likely from MBM Resources


PETALING JAYA: After declaring a bumper dividend, automotive group MBM Resources Bhd still offers attractive dividend yields of 5.7% to 7.9% for financial years 2024 (FY24) to FY26, analysts say.

This is backed by a healthy net cash position of RM264mil (67 sen a share) as of the end of September 2024, said CIMB Research.

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