*PAP is a company whose majority of shares are owned by a foreign company .
*Generally , these foreign owned companies normally do not want keep their earned profits in our country , they want to take their profits out of the country as soon as they book a profit .
*The only way I can see them doing it is by paying a relatively high dividend.
*Please go to cse site check following companies ,
*Their percentage of foreign holdings & observe how frequently and how handsomely they have paid dividend .
*You can even look at
*Eventhough LLUB do not show a very big percentage as foreign holdings , I think that 51% of LLUB is owned by Chevron Ceylon Limited and it is owned by the mother company which is a foreign company .
*So , in the same way I guess the mother company of PAP ( powerhub international ) would want to suck the profit to their own country .
*For this I think they will declare a high dividend and that would drive the share upward .
*These are only my observations and thinking , you all are welcome to express your ideas on this and correct me if I am wrong .
Thank You .