Reference to my post dated 12 November 2025: TJ DaRenTang USD (T14.SG): 62% Upside from Dual-Listing Arbitrage
TJ DaRenTang (T14)
traded ex-dividend on 30 January 2026 with a dividend of US$0.35262 per share.
The share price closed down 28 cents, which means the price effectively rose
7.262 US cents after adjusting for the XD impact.
With the
closing price at US$3.01, the interim dividend yield is already 11.7%.
Historically, the company has paid only one dividend annually at their final
results announcement, so I expect they will declare the final dividend when
they release earnings on 31 March 2026, and the annual dividend yield could
potentially exceed 20%!
My earlier post
explained that the dual-listing discount presents a compelling value
opportunity. I was initially hoping for a 5%+ dividend yield to provide
downside protection and earnings support from the A-share market. Now that the
dividend yield has already reached at least 11.7% based on the closing price of
30 January 2026, my conviction has strengthened. I will have the patience to
wait for Mr. Market to close the valuation gap and push T14 toward its fair
value of US$5 or above, even though my unrealized return has already reached close
to 20% based on my purchase price of US$2.81 in August 2025.
Prescientsuper
https://superphang.blogspot.com
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