02.12.2001
Chunghwa Telecom may shell out NT$6 cash dividend

• Chunghwa Telecom (2412 'Zhong Hua Dian') may issue a cash dividend of NT$6 per share, local press reports suggest. The figure is based on expectations of EPS of NT$6.96 for the company's 18-month accounting period ending 31 Dec., 2000.

• We believe Chunghwa has a strong financial structure, with sufficient cash retained and minimal long-term debt. Strong cash dividends for the past three years are indicative of this.

• As Chunghwa is yet to announce its dividend for the current 18-month period or the form it will take, we advise keeping a watchful eye on any developments.

AngelLo@Primasia.com +886-[0]2-2547-8865