KING WAN CORP -- loads of cash

Back to < $0.300 ... trading now at $0.295


$0.290 Vs $0.300

Time to pick up some or wait ?

Nobody can time the market just like that. I suggest you answer for yourself these questions :-
- reasons to buy this stock?
- what is the downside and potential upside?
- what do u hope to achieve with this stock?
- what is yr budget to invest?
- do u buy in 1 go or break into tranches?
- how long do u wish to hold this stock?
I would suggest u buy ,with uncommitted funds, this stock if u r prepared to hold for at least 3 years. I dont recommend a short term trading position.

lotustpsll

Thanks for your view.

Waiting to release some of my other stocks and will consider to pick up this one.

lotustpsll wrote: Nobody can time the market just like that. I suggest you answer for yourself these questions :-
- reasons to buy this stock?
- what is the downside and potential upside?
- what do u hope to achieve with this stock?
- what is yr budget to invest?
- do u buy in 1 go or break into tranches?
- how long do u wish to hold this stock?
I would suggest u buy ,with uncommitted funds, this stock if u r prepared to hold for at least 3 years. I dont recommend a short term trading position.

Shares are hugging 29.5 cent level tightly. Once IPO date of KTIS is announced, I believe the market will push up King Wan stock price to 35 cents -- the first resistance level.

King Wan Corporation wins S$26 m worth of new M&E contracts

infopub.sgx.com/FileOpen/KWCwins26millio...cement&FileID=261392



Ms Chua Eng Eng (蔡 莹 莹), Managing Director of King Wan said: “The successful wins of these new contracts demonstrate the sustainable growth of our M&E business. With these new contracts, our Group’s order book to date stands at S$168.9 million, with M&E contracts which will keep us busy to 2016. While we remain relentless in securing new contracts, we shall remain mindful of costs control measures and shall stay committed to our objective of delivering reliable services to our customers and executing our projects well and on time.”

How many people have surrendered and moved on? This IPO is taking too long. Lesson to King Wan and KTIS is, don't raise expectations.