However, analysts are expecting lower dividends for FY22 as the company recovers from the Covid-19 pandemic. Thus, he expects GENM to lower its dividend or not pay anything this year. He also foresees GENM to pay a lower dividend in FY22 as the company achieves profitability. Another analyst, who declined to be named, opined that GENM may pay a 12 sen dividend in FY22 as he expects the firm to turn around by achieving RM868 million profit. However, for FY21, he expects a lower dividend of six sen because of the prolonged losses.

Source: The Edge Markets January 21, 2022 16:14 UTC