VIVAnews - PT Timah Tbk (TINS) is reported to have planned of sharing dividends of the 2008 fiscal year.
An anonymous VIVAnews source said the company will hold a general meeting of shareholders within a short while to discuss the dividend share as well as purchase of five ships plans. "It seems that the dividends are still promising," he said on Thursday, March 5.
President Director of Timah, Wachid Usman, said as confirmed that the dividend share plan will still see the result of the general meeting of shareholders.
Per 31 January 2009, the Republic of Indonesia owned TNIS-coded shares by 65 percent while the public possessed the remaining shares.
On Thursday's trading, March 5, TINS decreased by Rp 20 (1.90 percent) on trade closing to Rp 1,030. LG-coded PT Trimegah Securities Tbk broker was listed as the most active broker purchasing Timah shares.
Analyst of PT Optima Securities, Ikhsan Binarto, said if the dividends that the company will share have quite large a percentage, it will provide a positive sentiment on the share movement in the stock exchange.
Earlier, Timah planned to purchase five ships by the year. The first two units are estimated to be bought by the first quarter of 2009 while the remaining three units will be acquired by the third quarter of 2009.
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Translated by: Bonardo Maulana Wahono
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