KING WAN CORP -- loads of cash

King Wan share price is only 29.5 cents. This looks like the key support as the dividend yield is about 10% at this level. Very sweet.

However, upside gain for the share price will will depend mostly on the KTIS share price. Now 8.9baht which is below IPO 10 baht. The political situation in Thailand is not promising and creates downside risk for KTIS share price, unfortunately. Will buy more King Wan if the sshare price goes to 28 cents.

KTIS broke above IPO price, supported by strong volume.

I guess the initial selling pressure has been absorbed.

lotus: KTIS 10.2 currently. Good news for King Wan shares -- now 32 cents. that's the reason.
I wish King Wan would announce if it had sold part of KTIS. And how much remaining?

King Wan Corporation Limited announced that it has taken a 19% stake in a consortium that won a tender for the Tuas Dormitory. This is a 9,200 bed workers’ dormitory that sits on 37,170.5 sqm of land in Tuas South Street, Singapore. The lease term is 20 years. The dormitory will cater mainly to foreign workers in the marine, process and manufacturing industries. It will have facilities such as games rooms, TV rooms, multi-purpose halls, gymnasiums, reading rooms, fitness corner, basketball courts, cricket fields, sickbays, minimart, canteen, barber shop and beer garden. The dormitory is expected to start operations in 2016.

Mel wrote: lotus: KTIS 10.2 currently. Good news for King Wan shares -- now 32 cents. that's the reason.
I wish King Wan would announce if it had sold part of KTIS. And how much remaining?

So far no news on SET but king wan will get 30 cts THB div from KTIS on 26 May

Haha ah wan went up slowly liao