KING WAN CORP -- loads of cash

More
03 Jun 2014 15:59 #20053 by Little Bird
9.4% forward yield, can look at it
The following user(s) said Thank You: newsman, Mel

Please Log in or Create an account to join the conversation.

More
05 Jun 2014 01:02 #20068 by newsman
Great times to buy IN ... after some ST index correction set in.
The following user(s) said Thank You: Mel

Please Log in or Create an account to join the conversation.

More
08 Jun 2014 11:31 #20093 by kye_lin
King Wan Corporation - FY14 Analyst Briefing Highlights
Written By Stock Fanatic on Friday, June 6, 2014 | 6.6.14
« Previous Next »

OCBC Research attended King Wan Corporation Limited’s FY14 results briefing yesterday. Here are some key takeaways:

FY14 PATMI declined by 4.5% to S$6.7m
Despite a 43.9% YoY increase in revenue to S$95.4m in FY14, King Wan’s PATMI decreased by 4.5% to S$6.7m. The decline in PATMI was due to higher expenses incurred, notwithstanding a 44.5% YoY revenue increase in the Mechanical and Electrical (“M&E”) segment. Administrative expenses rose by 43.6% to S$8.5m due to higher net allowance for doubtful trade receivables and higher net allowance for inventory obsolescence. Finance costs have also increased by 129.5% to S$0.5m due to higher utilization of bank facilities to finance its core M&E business and investments in property development.

FY14 dividend hike
The total dividend per share for FY14 will be $0.020/share, constituting a final dividend recommendation of S$0.015/share and paid interim dividend of S$0.005/share in view of KTIS listing in Thailand which values King Wan’s ~3.01% shareholding in KTIS at ~S$43m. The total dividend amount represents a payout ratio of 103.6% and a yield of 5.9% for FY14.

Solid pipeline till 2017 for its main business segment
King Wan’s main business segment – M&E contributes approximately 96.1% share to total revenue. Its current order book of S$153m provides a visible stream of revenue till 2017. The growth driver for its M&E segment is mainly attributed to government support to build more homes and infrastructures for the planned population growth.


Intra Day

Gadgets powered by Google

Technical Analysis

Daily Chart
Workers’ accommodation – a new business segment
King Wan has entered into the workers’ accommodation business with a 19% stake in a new workers’ dormitory project. The Tuas dormitory will have a capacity of 9,200 beds and is stipulated to be completed by 2016. King Wan is expected to draw revenue from this segment over 20 years as an owner-operator. Management believes that in view of the workers’ accommodation shortage in the market, the demand and revenue outlook for this business segment is positive.

Trading at 17.3x FY14 PER
We do not have a rating on King Wan Corporation Limited. According to Bloomberg, there is currently 2 BUY rating on the stock, with a 12M target price of S$0.43 (based on coverage over the past 6 months).

Source : OCBC Research
The following user(s) said Thank You: Mel

Please Log in or Create an account to join the conversation.

More
20 Jun 2014 21:04 #20203 by hp3000
BB in play. Abt 5.2 mil share done in 35.5 to 36 cts.

Haha as mention their KTIS will be result in Q1.

Coming soon maybe they decide to give special dividend .

Current high for today is 37 cts. nextinsight.net/media/kunena/emoticons/w00t.png
The following user(s) said Thank You: Mel

Please Log in or Create an account to join the conversation.

More
21 Jun 2014 00:54 #20208 by newsman
Yielding 5+% already beat the Bank & some REIT by a mile. If BB stay active thru World Cup Final. 40+ cents is real easy.
The following user(s) said Thank You: Mel

Please Log in or Create an account to join the conversation.

More
23 Jun 2014 00:53 #20215 by Mel
Replied by Mel on topic KING WAN CORP -- loads of cash
KTIS remains slightly below IPO price of 10 baht, yet King Wan shares have risen to 35.5 cents. I think this reflects greater investor confidence of this being a solid yield play. Now at 8.45% yield, assuming 3 cents dividend a year materialises as widely expected.

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings4.190-0.080
Avi-Tech Electronics0.280-
Broadway Ind0.141-0.001
China Sunsine0.475-
DISA0.003-
Food Empire0.510-0.005
Fortress Minerals0.3400.015
Geo Energy Res0.3800.005
Golden Energy0.8150.035
GSS Energy0.048-
InnoTek0.465-
ISDN Holdings0.465-0.010
ISOTeam0.1040.001
IX Biopharma0.139-0.001
Jiutian Chemical0.082-0.002
KSH Holdings0.345-
Leader Env0.050-
Medtecs Intl0.114-
Meta Health0.028-0.001
Moya Asia0.088-0.001
Nordic Group0.5300.005
Oxley Holdings0.1610.001
REX International0.240-
Riverstone0.575-
Sinostar PEC0.190-
Southern Alliance Mining0.6600.010
Straco Corp.0.400-
Sunpower Group0.320-0.010
The Trendlines0.094-
Totm Technologies0.126-0.003
UG Healthcare0.180-0.007
Uni-Asia Group0.950-0.025
Wilmar Intl3.950-0.020
Yangzijiang Shipbldg1.2400.140

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 592 guests and no members online