3 SGX Hidden Gems Surprising Investors with Bonus Dividends

The Smart Investor

Aug 27

Every reporting season brings a few pleasant surprises, and this latest round saw three SGX-listed companies hand shareholders payouts they did not receive this time last year. Two declared a ...

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reporting season brings a few pleasant surprises, and this latest round saw three SGX-listed companies hand shareholders payouts they did not receive this time last year. \n\nTwo declared a ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/3-sgx-hidden-gems-surprising-investors-with-bonus-dividends/\">Source Link</a>\n\n</div>\n","source":"thesmartinvestor_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 SGX Hidden Gems Surprising Investors with Bonus Dividends</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 SGX Hidden Gems Surprising Investors with Bonus Dividends\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-27 07:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/3-sgx-hidden-gems-surprising-investors-with-bonus-dividends/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Every reporting season brings a few pleasant surprises, and this latest round saw three SGX-listed companies hand shareholders payouts they did not receive this time last year. \n\nTwo declared a ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/3-sgx-hidden-gems-surprising-investors-with-bonus-dividends/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VIG","symbol_name":"股利增长指数ETF-Vanguard","start_time":0,"source_url":"https://thesmartinvestor.com.sg/3-sgx-hidden-gems-surprising-investors-with-bonus-dividends/","article_id":"2662723128","we_media_id":null,"thumbnails":["https://thesmartinvestor.com.sg/wp-content/uploads/2024/03/union-gas-300x200.png"],"rights":{"source":"thesmartinvestor_highlight","url":"https://thesmartinvestor.com.sg/3-sgx-hidden-gems-surprising-investors-with-bonus-dividends/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2662723128","pubTimestamp":1787787000,"columns":[],"sourceInfo":{"source_id":"thesmartinvestor_highlight","name":"The Smart Investor"},"weMediaInfo":null,"summary":"Three SGX stocks are rewarding shareholders with extra dividends, but free cash flow reveals whether these bonus payouts can happen again.","collect":0,"end_time":0,"defaultTopTitle":"thesmartinvestor.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"VIG":"股利增长指数ETF-Vanguard","BK6021":"服装零售","BK6102":"燃气公用事业","BK4588":"碎股","BK4211":"区域性银行","BK4585":"ETF&股票定投概念","BK6500":"公用股","5WJ.SI":"银丰当","5ML.SI":"老曾记","BK6514":"零售商股","BK6505":"周期性消费品与消费者服务","1F2.SI":"优联燃气控股有限公司","BK6114":"包装食品与肉类","ISBC":"投资者银行"},"translate_title":"新交所隐藏的 3 颗宝石以红利令投资者惊喜","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"5WJ.SI":1,"5ML.SI":1,"1F2.SI":1,"VIG":0.9,"ISBC":1.5},"content_text":"Every reporting season brings a few pleasant surprises, and this latest round saw three SGX-listed companies hand shareholders payouts they did not receive this time last year. \n\nTwo declared a special dividend, while the third introduced an interim payout where the prior period had none.\n\nA larger payout always looks attractive at first glance, but headline figures tell you very little on their own. \n\nTo evaluate the sustainability of these rewards, you must split the ordinary dividend from the extra sweetener, then figure out where the cash actually came from. \n\nFree cash flow is the lifeblood of dividends. \n\nAsk that core question of these three businesses, and you end up with three vastly different answers.\n\nWhat paid for Union Gas’s first special dividend?\nUnion Gas Holdings (SGX: 1F2) bottles and distributes liquefied petroleum gas and natural gas, alongside operating its Cnergy service stations.\n\nFor the six months to 30 June 2026 (1H2026), revenue surged 66.4% year on year (YoY) to S$106 million, while profit attributable to shareholders spiked 175.9% to S$12.0 million. \n\nFree cash flow reached S$25 million, against S$1.3 million a year ago.\n\nThe liquid fuel division drove the gain, with revenue jumping 444.4% YoY to S$51.7 million on higher sales volumes and initial contributions from the new Dunman Road and Queensway service stations. \n\nWhile gas fuel revenue stayed flat at S$53.8 million, its pre-tax profit nearly doubled.\n\nBalance sheet strength remains solid with S$29.3 million of cash against S$7.6 million in bank borrowings, yielding a net cash position of S$21.7 million.\n\nThe group kept its ordinary interim dividend at S$0.0048 per share, but added a maiden special dividend of S$0.0032. \n\nThat pushed the total half-year distribution up 66.7% to S$0.0080 per share. \n\nBecause the core ordinary payout did not change, the special dividend accounts for the entire increase. \n\nWith the Dunman Road station operational for the full fiscal year and Queensway contributing for roughly 11 months, cash generation has a solid baseline heading forward.\n\nWhy is Old Chang Kee paying more from a smaller profit?\nOld Chang Kee (SGX: 5ML) needs little introduction, making its mark through retail snack outlets and a non-retail catering division. \n\nNotably, the group operates on a full financial year, whereas the other two companies here report on a half-year cycle. \n\nFor FY2026 ended 31 March 2026, revenue rose a modest 1.5% year on year to S$103.5 million, but net profit fell 15.8% to S$9.6 million.\n\nHigher staff costs driven by annual wage adjustments and Progressive Wage Model mandates squeezed margins through selling and distribution expenses. \n\nHigher depreciation and a S$0.6 million drop in interest income due to lower fixed deposit rates further weighed on the bottom line. \n\nFree cash flow slipped from S$23.2 million to S$21.0 million.\n\nDespite the earnings dip, cash holdings remain fortress-like, standing at S$61.5 million against just S$1.4 million in debt.\n\nPayouts moved in the opposite direction of earnings. \n\nOld Chang Kee declared an interim dividend of S$0.01 and proposed a final dividend of S$0.01, alongside a special dividend of S$0.01 per share. \n\n\nThat brings total FY2026 distributions to S$0.03 per share, up from S$0.02 previously. \n\nThe regular interim and final payouts match last year’s baseline, meaning the proposed special dividend delivers the entire boost. \n\nWhile management highlighted ongoing wage and cost pressures, its pristine cash pile gives the board ample flexibility to reward patient shareholders.\n\nCan MoneyMax fund a dividend while cash flows out?\nMoneyMax Financial Services (SGX: 5WJ) operates across pawnbroking, secured lending, and luxury retail. \n\nFor 1H2026, revenue expanded 34.1% YoY to S$325.7 million, while profit attributable to owners climbed 77.3% to S$52.5 million. \n\nHigher interest income from a growing pawn loan portfolio and stronger gold and luxury retail volumes fuelled the growth.\n\nThis performance prompted management to declare an interim tax-exempt dividend of S$0.0025 per share, after paying no interim dividend a year ago. \n\nHowever, operational cash flow showed a heavy outflow of S$155.8 million, compared to a S$29.5 million outflow a year ago. \n\nCash stood at S$34.3 million against S$1.0 billion in total borrowings, putting net debt at S$981.8 million.\n\nLook at where the cash went.\n\nTrade and other receivables expanded by S$219.6 million as MoneyMax deployed more capital into collateralised loans. \n\nFor a pawnbroker, cash poured into the loan book is cash deployed into yield-generating assets. \n\nFree cash flow carries a very different meaning for a financier than it does for a retail food operator. \n\nStill, funding that loan expansion relies on borrowed debt, meaning investors should monitor funding costs closely even as management projects higher profitability for FY2026.\n\nSofter consumer sentiment may weigh on the gold retail segment.\n\nGet Smart: Separate the Extra from the Ordinary\nAn extra dividend tells you what a company had available today, but it guarantees nothing about tomorrow. \n\nBefore reacting to an impressive yield calculation, strip away the noise by separating the ordinary distribution from the extra payout, then analyse how the cash was generated.\n\nSometimes it is a better trading year, and that may not come again. \n\nSometimes an asset has begun contributing for twelve months instead of three, and that carries forward on its own. \n\nA cash pile can fund the extra for years and tell you nothing about the business.\n\nEvaluating the origin of an extra dividend ultimately matters far more than how big it is.\n\nS$5 billion in government backing. S$1.1 billion already deployed. Singapore’s small-cap market is about to explode, and most people are completely clueless. Our FREE report gives you the inside track on 5 companies positioned to benefit. Download now before the crowd catches on.\n\nFollow us on Facebook, Instagram, Telegram and YouTube for the latest investing news and analyses!\n\nDisclosure: Calvina L. does not own shares of any stocks mentioned. Chin Hui Leong contributed to this article and does not own shares of any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}