"good" start, us market ~ minus 7%, us$0.410, page-5

I’m only assuming investor interest could shift from lyscf to lysdy, maybe on the notion that

‘U.S. investors generally prefer to purchase ADRs rather than ordinary shares in the issuer’s home market because ADRs trade, clear and settle according to U.S. market conventions. One of ADRs’ main advantages is the facilitation of diversification into foreign securities. ADR’s also allow easy comparison to securities of similar companies as well as access to price and trading information. Declared DIVIDEND PAYMENTS for ADR holders are made in USD. ADR holders will also receive corporate action notifications. ‘
lynascorp.com

With the introduction of the single-tier tax system, dividends payable to shareholders under the single-tier tax system are exempt from Malaysian income tax in the hands of shareholders.
Exempt income, generated from offshore income or tax incentives (such as pioneer income) may be distributed to the shareholders without having to satisfy the franking requirement. Not with- standing the introduction of the single-tier tax system, exempt dividends will continue to be paid out as exempt dividends.
There is a significant difference between exempt dividend and single-tier dividend. Exempt dividend is distributed out of income that has been exempted from tax at the company level, while the single tier dividend is distributed after tax.
Impact of the single tier system
Some of the benefits and drawbacks of the single tier system are as follows:
Benefits
a. reduce administrative cost and enhance efficiency (for companies and government) as there is no need to maintain section 108 balances;
b. companies with huge section 108 balances may pay special dividends during the transitional period. Companies with capital gains and non taxable accounting profits are also able to declare dividends without any constraint. Thus shareholders may enjoy higher dividend yields;
c. high income bracket individuals need not pay tax on the differential between his marginal tax rate and the corporate tax rate; and
d. reduces tax leakages as the dividends are exempt from tax. Any manipulation to shift tax burden on dividends ceased to serve its purpose.
accaglobal.com