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Kingwan will get $47.5millions worth of ktis share base on ipo price....as ktis is the third large sugar suppliers in thai...believe.response will be good...let hope for 100% growth in share.price .....after ipo...and kingwan will be king
flyersummer ( Date: 07-Aug-2013 22:03) Posted:
King Wan raises yield to 11%
Thanks to its investments in 2 Thai associates.
According to OSK Research, KWAN?s investment in two Thai associates for S$12.3m were sold last year for S$50m, and it expects this sum to be distributed over the next 10 years, doubling the dividend and raising the yield to 11%.
Here?s more:
Thai associates? value may increase on KTIS IPO. Effectively 74% of market cap is net cash. The Thai associates were sold to Kaset Thai Industry Sugar (KTIS) for 5% in cash and 95% in shares of KTIS (equivalent to an estimated 3% of KTIS), which is headed for IPO within five months.
Being the third-largest sugar miller in Thailand, and the largest listed one, we expect the IPO to perform well, which provides upside to the value of the Thai Associates. KWAN has no moratorium on the sale of its KTIS shares and thus enjoys full flexibility on the timing of the sale.
From another angle ? if KWAN sells its KTIS shares immediately on IPO, its net cash balance would be 74% of its entire market cap.
Core M& E business is stable and growing. KWAN?s core business is set for stable growth with its highest order book on record of $176m. This compares very favourably with the $129m to $146m order book range of FY08-FY11. With this positive outlook, we expect the base-case scenario of 1.5¢ dividend to be easily maintained.
Very strong balance sheet prompting increasing core dividends. KWAN?s balance sheet is solid with a net cash of $21.5m (23% of the market cap). As the core businesses no longer require much capital expenditure, KWAN has been aggressively returning cash to shareholders ? dividends grew by at a CAGR of 82% over the last five years. At the current 1.5¢ dividend,
KWAN still has four years of dividends in its net cash balance.
Valuation: TP $0.40 based on 7.5% yield. DDM/DCF values of $0.40/$0.44. We value KWAN at $0.40 based on a dividend yield of 7.5%. This valuation ties in very closely with our DDM and DCF values, which are $0.40 and $0.44 respectively, and they incorporate some very conservative assumptions. In this yield-hungry environment, high-yield instruments like REITs have been compressed to a 5.9% average yield.
We believe that early movers into this stock can enjoy both capital gains (+48%) from yield compression and a very attractive sustainable dividend (+11%) for a total return of 59%.
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Ok thks.
edwinjup ( Date: 20-Nov-2013 11:27) Posted:
Nov $0.005....march $0.015.-0.02....after ktis.listed...refer to osk research report
lawcheemeng ( Date: 20-Nov-2013 11:21) Posted:
| I tot declare .05cts oredi |
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Nov $0.005....march $0.015.-0.02....after ktis.listed...refer to osk research report
lawcheemeng ( Date: 20-Nov-2013 11:21) Posted:
I tot declare .05cts oredi?
edwinjup ( Date: 20-Nov-2013 11:00) Posted:
| Added some.kingwan to my pillow....expected 2-2.5cents dividend soon |
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I tot declare .05cts oredi?
edwinjup ( Date: 20-Nov-2013 11:00) Posted:
| Added some.kingwan to my pillow....expected 2-2.5cents dividend soon |
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Added some.kingwan to my pillow....expected 2-2.5cents dividend soon
Keep for long term div yield
Better than SPH or any blue chips giving dividends.
Buy for dividends and mini. downsides in time of voltality.
Cheers.
Kingwan
Going forward, With the dividend of 1.5 cent + 1.5 cent = 10.3% yield on the stock price of 29 cents. Looks cool.:)
http://www.shareinvestor.com/news/news.html?source=sg_si_express& nid=67470
King Wan Corporation Limited is pleased to announce that on 16 August 2013, the Office of Securities Exchange Commission in Thailand had approved Kaset Thai International Sugar Corporation Public Company Limited to sell its shares to the public subject to KTIS updating the relevant information in its Initial Public Offer prospectus. Following the grant of the Approval, KTIS has up to six months from 16 August 2013 to sell its shars to the public. Based on the terms of the Sales and Purchase Agreement, King Wan will be entitled to THB1,163,180,000 worth of KTIS shares upon listing of KTIS
KTIS IPO approved = some exitment only as mkt already expected it. What is more news worthy would be the IPO pricing, and the prices after debut.
Skywoods launching (now doing pre-sale)= if 1st weekend sales good, then likely to fuel a run. The opposit applies.
KTIS IPO was approved, can we expect a surge?
1 lotter @0.32
Think Skywoods launching this Aug 2013 or September 2013.
Osk research report 19/8/13
King Wan Corp:
1QFY14 Good Things Are Worth The Wait (BUY, SGD0.32, TP: SGD0.43)
King Wan?s (KWAN) 1QFY14 was above expectations with revenue at SGD25.1m. Its net profit of SGD2.6m is equivalent to half of the core 1.5-cent dividend.
We note that the company?s new development property, Skywoods, should be launched in 2QFY14. KWAN also issued an update on the status of the KTIS IPO, which should go live within six months. Maintain BUY with a TP of SGD0.43 based on a 7% yield.
http://www.scribd.com/mobile/doc/160703180?width=601
At historical high, high will go higher if the company make good profits. Good luck.
focusy ( Date: 18-Aug-2013 12:35) Posted:
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From OSK-DMG recently released 2013 edition for institutional clients of recommended small cap stocks .....
King Wan Corp: With its 9.4% expected yield, KWAN compares favourably against REITS' forward 6% yield. Furthermore, KWAN has a strong net cash position and no interest-rate risk. Our SGD0.43 TP is based on a 6.5% dividend yield, in line with Singapore-listed business trusts. -- Lee Yue Jer
It doesn't. But chances of success are higher.
Bot Super at $1+ on FA
Bot Pan United at $0.54 on FA
Bot Freightlink at $0.06 on FA
What is needed is holding power and patient.
now study profile..not so important.
good potential doesnt mean share price will up...
see Blumount... price even more than genting..
Vested ocean sky.. got atttractiive dividend
